Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 201

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 201
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ivativesNote 10Collateralized AgreementsNote 11Stockholders' Equity Note 11Earnings Per ShareNote 13Income TaxesNote 14Segment ReportingNote 16Fair Value DisclosuresRecently Adopted Accounting GuidanceStandardDescriptionDate of AdoptionEffect on Consolidated Financial StatementsASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization MethodThe amendments in this Update expand the use of the proportional amortization method of accounting to equity investments in other tax credit structures that meet certain conditions. This Update also amends those conditions primarily to assess projected benefits on a discounted basis and expands the disclosure requirements of those investments.January 1, 2024The adoption of these amendments did not have a material effect on our consolidatedfinancial statements.ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment DisclosuresThe amendments in this Update require the disclosure of more detailed quantitative and qualitative information about significant segment expenses that are regularly provided to the CODM and included in each reported measure of segment profit or loss. December 31, 2024The adoption of these amendments did not have a material effect on our consolidated financial statements. In connection with the adoption of these amendments, we have reclassified certain amounts within non-interest expense in our consolidated statements of income to better present the significant drivers of our non-interest expense activity. Prior period amounts have been reclassified to conform to the current period presentation. See Note 14 for the incremental disclosures required by this ASU. 

FREDDIE MAC  |  2024 Form 10-K137

Financial StatementsNotes to Consolidated Financial Statements | Note 1

Recently Issued Accounting Guidance, Not Yet Adopted Within Our Consolidated Financial StatementsStandardDescriptionDate of Planned AdoptionEffect on Consolidated Financial StatementsASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax DisclosuresThe amendments in this Update require annual disclosure of more detailed tax rate reconciliation categories and income taxes paid by geography and jurisdiction.January 1, 2025We do not expect the adoption ofthese amendments to have amaterial effect on our consolidatedfinancial statements.ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement ExpensesThe amendments in this Update require disaggregated disclosures for certain expense categories.December 31. 202