Company: KD
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001558370-25-010303
Chunk: 14

Company: Kyndryl Holdings, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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 with U.S. GAAP. The estimated annual effective tax rate is applied to the year-to-date ordinary income, exclusive of discrete items, to arrive at the reported interim tax provision.

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NOTE 2. ACCOUNTING PRONOUNCEMENTSRecent PronouncementsIn December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures, which is intended to enhance the transparency and usefulness of income tax disclosures through improved reporting related to the rate reconciliation