Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2026

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

On January 1, 2026, Northern Trust early adopted ASU No. 2025-09, “Derivatives and Hedging (Topic 815): Hedge Accounting Improvements” (ASU 2025-09). ASU 2025-09 enhances hedge accounting guidance to better align accounting with an entity’s risk management activities by expanding eligibility and operability of hedge accounting across five targeted areas. Upon adoption, ASU 2025-09 did not impact Northern Trust’s consolidated balance sheets or consolidated statements of income. Please refer to Note 21 – Derivative Financial Instruments for further information.