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RECENTLY ADOPTED ACCOUNTING STANDARDS | 4 Months Ended
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May 20, 2023
RECENTLY ADOPTED ACCOUNTING STANDARDS |
RECENTLY ADOPTED ACCOUNTING STANDARDS |
9. | RECENTLY ADOPTED ACCOUNTING STANDARDS
​ In September 2022, the FASB issued ASU 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, which enhances the transparency about the use of supplier finance programs for investors and other allocators of capital. The Company adopted this ASU as of January 29, 2023, other than the roll-forward disclosure requirement which the Company will adopt in fiscal year 2024. For additional information about the Company’s accounts payable finance arrangements, see Note 1 to the Consolidated Financial Statements.

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