Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 432

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 432
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 and liabilities held for sale on the balance sheet.  Any long-lived assets of the disposal group are measured at the lower of their carrying value or their estimated fair value less costs to sell.  If the disposal group meets the definition of a business, then a portion of any goodwill with that reporting unit is allocated to the disposal group based on the relative fair value of the components representing a business that will be retained and disposed.As described in Note 14 to the financial statements, the Entergy New Orleans and Entergy Louisiana natural gas distribution businesses met the criteria to be to classified as held for sale as of December 31, 2024.Reacquired DebtThe premiums and costs associated with reacquired debt of Entergy’s Utility operating companies and System Energy (except that portion allocable to the deregulated operations of Entergy Louisiana) are included in regulatory assets and are being amortized over the life of the related new issuances, or over the life of the original debt issuance if the debt is not refinanced, in accordance with ratemaking treatment.Taxes Imposed on Revenue-Producing TransactionsGovernmental authorities assess taxes that are both imposed on and concurrent with a specific revenue-producing transaction between a seller and a customer, including, but not limited to, sales, use, value added, and some excise taxes.  Entergy presents these taxes on a net basis, excluding them from revenues, unless required to report them differently by a regulatory authority.New Accounting PronouncementsThe accounting standard-setting process is ongoing, and the FASB is currently working on several projects that have not yet resulted in final pronouncements.  Final pronouncements that result from these projects could have a material effect on Entergy’s future results of operations, financial positions, or cash flows.In December 2023 the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.”  The ASU is intended to enhance the transparency and decision usefulness of income tax disclosures.  The amendments in the ASU require enhanced income tax disclosures, primarily related to consistent categorization and disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction.  The ASU also removes certain disclosures that are no longer considered cost beneficial or relevant.  ASU 2023-09 is effective for Entergy for fiscal years beginning after December 15, 2024.  Entergy does not expect ASU 2023-09 to materially affect its results of operations, financial positions