What was the reported amount for Aplus's asset retirement obligations?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
3.4 billion and $3.6 billion, respectively. The fair value of our consolidated debt obligations is a Level 2 valuation based on the respective debt obligations' observable inputs for similar liabilities.
10. Other Non-Current Liabilities
Other non-current liabiliti
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the company records an asset retirement obligation for the estimated future cost to remove underground storage tanks. The changes in the carrying amount of asset retirement obligations for the years ended December 31, 2023, and 2022 are specified in the document.
The asset retirement obligations were reported as $84 in 2023 and $81 in 2022. These figures represent the estimated costs associated with removing underground storage tanks, which Aplus accounts for as liabilities on its financial statements.
In addition to asset retirement obligations, Aplus also reported accrued environmental expenses, long-term, as $12 for both 2023 and 2022. Other non-current liabilities were reported as $116 in 2023 and $111 in 2022. These figures provide a broader view of Aplus's long-term financial obligations beyond just asset retirement.