Kyndryl Holdings KD Net Income Benefit From Change In Accounting Estimate
Net Income Benefit From Change In Accounting Estimate at other companies
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Where this comes from
Reported directly by Kyndryl Holdings in its filing.
Tagged under the XBRL concept kd:NetIncomeBenefitFromChangeInAccountingEstimate.
The source filing: Kyndryl Holdings’s 10-K, filed May 29, 2026.
- Filed
- May 29, 2026, 8:10 AM EDT
- Fiscal year
- FY2026
- Accession
- 0001104659-26-067881
In March 2024, the Company completed its assessment of the useful lives of its information technology equipment. Based on our usage experience and data analysis, the Company determined it should increase the estimated useful lives of its information technology equipment from five to six years. This change in accounting estimate became effective on April 1, 2024. Based on the carrying amount of information technology equipment included in property and equipment, net as of March 31, 2024, the effect of this change in estimate was a reduction in depreciation expense and an improvement of income before income taxes of approximately $180 million, or $0.80 before income taxes per basic share and $0.77 before income taxes per diluted share, for the year ended March 31, 2025.
Item 8. Financial Statements and Supplementary Data.
FAQ
- What is Kyndryl Holdings's net income benefit from change in accounting estimate?
- Kyndryl Holdings (KD) reported net income benefit from change in accounting estimate of $45M in Q1 2025.
- What does net income benefit from change in accounting estimate mean?
- Net Income Benefit From Change In Accounting Estimate as reported by Kyndryl Holdings, Inc..
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