Read the paragraph below about a company called Campbell Soup Company. Use your critical thinking to give your analysis about the changes that changed the firms accounting practices and/or policies in regards to the recognition of sales, assets, leases and liabilities.

Over the past three years, Campbell Soup Company has adopted certain accounting practices. Most of these practices were adopted because of regulation changes by the Financial Accounting Standard Board (FASB). While many accounting practices have been adopted over the last three years, only a couple of these changes affected their financial statements. A change by FASB announced in 2014, which was applied in 2019, updated how revenue should be recorded from customer contracts. This change increased accrued liabilities by $10, accounts payable by $1, and other assets by $1. It also decreased deferred taxes by $2. Another change announced in 2016, which was adopted in 2020, changed how accounting for leases should be recorded. These changes did not significantly affect Campbell's financials and altered the recognition of operating lease assets and liabilities. It increased assets by $259 and $254 of liabilities. They also derecognized $20 of assets and liabilities associated with build-to-suit lease arrangement. Overall, Campbell has been changing their accounting practices, but most have not significantly affected their financial statements.