Company: CAPL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000950170-25-066051
Chunk: 9

Company: CrossAmerica Partners LP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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 2023, the FASB issued ASU 2023-09, “Improvements to Income Tax Disclosures.” The amendments in this new guidance require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. This new guidance also requires certain new disclosures such as income taxes paid disaggregated by federal, state and foreign taxes and further disaggregated by individual jurisdictions in which income taxes paid exceeds a quantitative threshold. This new guidance also eliminates certain previously required disclosures. We will include the new disclosures in our Annual Report on Form 10-K for the year ending December 31, 2025.Certain other new accounting pronouncements have become effective for our financial statements during 2025, but the adoption of these pronouncements did not materially impact our financial position, results of operations or disclosures.