Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 359

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 7
Chunk 359
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15. for additional disclosures regarding our environmental liabilities.Revenue Recognition.  Refer to Note 3. for disclosures regarding our revenues.Stock-based Compensation.  Compensation expense for stock-based awards granted to employees and directors is based on the fair value at the grant dates for our stock-settled share awards and is based on the fair value at each reporting date for our cash-settled share awards.  Stock-based compensation expense is included within Selling, general and administrative expense within our consolidated statements of operations.  Refer to Note 10. for more information regarding our stock-based compensation.Research and Development.  Research and development costs are expensed as incurred.Advertising.  Advertising costs are expensed as incurred. Translation of Foreign Currency.  Foreign reporting entities are remeasured into local currencies with the effect reflected in the consolidated statements of operations.  Assets and liabilities of our businesses whose functional currencies are not denominated in the United States dollar are translated into United States dollars using currency exchange rates at the balance sheet date.  Revenues and expenses are translated at average currency exchange rates during the period.  Foreign currency translation gains and losses are reported as a component of accumulated other comprehensive income (loss).  Gains and losses resulting from foreign currency transactions are included in earnings as incurred.   For the years ended September 30, 2025 and September 30, 2024, we recorded a foreign exchange loss of $9.5 million and $2.2 million, respectively.  For the year ended September 30, 2023, we recorded a foreign exchange gain of $3.3 million.Recently Adopted Accounting PronouncementsIn November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”).  ASU 2023-07 requires public business entities that disclose information on their reportable segments to provide additional information on their significant expense categories and “other segment items,” which represent the difference between segment revenue less significant segment expense and a segment’s measure of profit or loss.  A description of “other segment items” is also required.  Further, certain segment related disclosures that were limited to annual disclosure are now required at interim periods.  Finally, public business entities are required to disclose the title and position of their Chief Operating Decision Maker (“CODM”) and explain how the CODM uses the