{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/205/20/#45-other-presentation-matters","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"205","topic_title":"Presentation of Financial Statements","subtopic":"205-20","subtopic_title":"Discontinued Operations","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"205-20-45-1","para":"45-1","html":"
Paragraph superseded by Accounting Standards Update No. 2014-08.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-08.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a994c3fe35cec0e14cbc4ffebf701413acff3ba87827cbde81c9b1519e3747f3","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2cedcb781655a85b941e31e1b6f0c7c18a2ad73e1d79413c7e8018a39b860121","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"block":null,"heading":"What Is a Discontinued Operation?","paragraphs":[{"citation":"205-20-45-1A","para":"45-1A","html":"
A discontinued operation may include a component of an entity or a group of components of an entity, or a business or nonprofit activity.
","snippet":"A discontinued operation may include a component of an entity or a group of components of an entity, or a business or nonprofit activity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a5333e1fcc11aa1b42b3a9293ff74f273a058067b2800f45397bd4a2dd92bcfc","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-1B","para":"45-1B","html":"
A disposal of a component of an entity or a group of components of an entity shall be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when any of the following occurs:
  1. a
    The component of an entity or group of components of an entity meets the criteria in paragraph 205-20-45-1E to be classified as held for sale.
  2. b
    The component of an entity or group of components of an entity is disposed of by sale.
  3. c
    The component of an entity or group of components of an entity is disposed of other than by sale in accordance with paragraph 360-10-45-15 (for example, by abandonment or in a distribution to owners in a spinoff).
","snippet":"A disposal of a component of an entity or a group of components of an entity shall be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbce2e4c6054ddbbaf250ab72484597eadb6c2b18c346b8fb1b8ea2b2289b2bb","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-1C","para":"45-1C","html":"
Examples of a strategic shift that has (or will have) a major effect on an entity's operations and financial results could include a disposal of a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity (see paragraphs
205-20-55-83 through 55-101
for Examples).
","snippet":"Examples of a strategic shift that has (or will have) a major effect on an entity's operations and financial results could include a disposal of a major geographical area, a major line of business, a major equity method …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:64a2642b8336de682b3cdb92162b1e0a8d80801ad403dda2e2c2aee22beb9966","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-1D","para":"45-1D","html":"
A business or nonprofit activity that, on acquisition or upon formation of a joint venture, meets the criteria in paragraph 205-20-45-1E to be classified as held for sale is a discontinued operation. If the one-year requirement in paragraph 205-20-45-1E(d) is met (except as permitted by paragraph 205-20-45-1G), a business or nonprofit activity shall be classified as held for sale as a discontinued operation at the acquisition date or the formation date if the other criteria in paragraph 205-20-45-1E are probable of being met within a short period following the acquisition date or the formation date (usually within three months).
","snippet":"A business or nonprofit activity that, on acquisition or upon formation of a joint venture, meets the criteria in paragraph 205-20-45-1E to be classified as held for sale is a discontinued operation. If the one-year requ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:063f443b9243579bf29b6ed86dac1b20ab2c08287a2ffad1b65bb62a0318dd3a","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-1E","para":"45-1E","html":"
A component of an entity or a group of components of an entity, or a business or nonprofit activity (the entity to be sold), shall be classified as held for sale in the period in which all of the following criteria are met:
  1. a
    Management, having the authority to approve the action, commits to a plan to sell the entity to be sold.
  2. b
    The entity to be sold is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such entities to be sold. (See Examples 5 through 7 [paragraphs
    360-10-55-37 through 55-42
    ], which illustrate when that criterion would be met.)
  3. c
    An active program to locate a buyer or buyers and other actions required to complete the plan to sell the entity to be sold have been initiated.
  4. d
    The sale of the entity to be sold is probable, and transfer of the entity to be sold is expected to qualify for recognition as a completed sale, within one year, except as permitted by paragraph 205-20-45-1G. (See Example 8 [paragraph 360-10-55-43], which illustrates when that criterion would be met.)
  5. e
    The entity to be sold is being actively marketed for sale at a price that is reasonable in relation to its current fair value. The price at which an entity to be sold is being marketed is indicative of whether the entity currently has the intent and ability to sell the entity to be sold. A market price that is reasonable in relation to fair value indicates that the entity to be sold is available for immediate sale, whereas a market price in excess of fair value indicates that the entity to be sold is not available for immediate sale.
  6. f
    Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
","snippet":"A component of an entity or a group of components of an entity, or a business or nonprofit activity (the entity to be sold), shall be classified as held for sale in the period in which all of the following criteria are m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2dfb9963e3d321f3ab5d4fb80c6d6278d85e1733e1e43380b2c10d48b40895f8","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-1F","para":"45-1F","html":"
If at any time the criteria in paragraph 205-20-45-1E are no longer met (except as permitted by paragraph 205-20-45-1G), an entity to be sold that is classified as held for sale shall be reclassified as held and used and measured in accordance with paragraph 360-10-35-44.
","snippet":"If at any time the criteria in paragraph 205-20-45-1E are no longer met (except as permitted by paragraph 205-20-45-1G), an entity to be sold that is classified as held for sale shall be reclassified as held and used and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:108298fab418e22da4199fb8c3a79ddfabfc39319eebc98cf7ab5c776bfa9b57","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-1G","para":"45-1G","html":"
Events or circumstances beyond an entity's control may extend the period required to complete the sale of an entity to be sold beyond one year. An exception to the one-year requirement in paragraph 205-20-45-1E(d) shall apply in the following situations in which those events or circumstances arise:
  1. a
    If at the date that an entity commits to a plan to sell an entity to be sold, the entity reasonably expects that others (not a buyer) will impose conditions on the transfer of the entity to be sold that will extend the period required to complete the sale and both of the following conditions are met:
    1. 1
      Actions necessary to respond to those conditions cannot be initiated until after a firm purchase commitment is obtained.
    2. 2
      A firm purchase commitment is probable within one year. (See Example 9 [paragraph 360-10-55-44], which illustrates that situation.)
  2. b
    If an entity obtains a firm purchase commitment and, as a result, a buyer or others unexpectedly impose conditions on the transfer of an entity to be sold previously classified as held for sale that will extend the period required to complete the sale and both of the following conditions are met:
    1. 1
      Actions necessary to respond to the conditions have been or will be timely initiated.
    2. 2
      A favorable resolution of the delaying factors is expected. (See Example 10 [paragraph 360-10-55-46], which illustrates that situation.)
  3. c
    If during the initial one-year period, circumstances arise that previously were considered unlikely and, as a result, an entity to be sold previously classified as held for sale is not sold by the end of that period and all of the following conditions are met:
    1. 1
      During the initial one-year period, the entity initiated actions necessary to respond to the change in circumstances.
    2. 2
      The entity to be sold is being actively marketed at a price that is reasonable given the change in circumstances.
    3. 3
      The criteria in paragraph 205-20-45-1E are met. (See Example 11 [paragraph 360-10-55-48], which illustrates that situation.)
","snippet":"Events or circumstances beyond an entity's control may extend the period required to complete the sale of an entity to be sold beyond one year. An exception to the one-year requirement in paragraph 205-20-45-1E(d) shall …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fe321f98d8b0c4e7c0c3f4fcab2c538e6d3d57f591842e45eb1d6827f55b359","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-2","para":"45-2","html":"
Paragraph superseded by Accounting Standards Update No. 2014-08.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-08.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1f0443b9117304d23c6e87ed978a695c27e6af0c869f656e907cacfe77d7a5c","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f3367d59b66b118ca3bef7a200e6fec027fc77f420f161587f381916b0a011c4","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"block":null,"heading":"Statement in Which Net Income Is Reported","paragraphs":[{"citation":"205-20-45-3","para":"45-3","html":"
The statement in which net income of a business entity is reported or the statement of activities of a not-for-profit entity (NFP) for current and prior periods shall report the results of operations of the discontinued operation, including any gain or loss recognized in accordance with paragraph 205-20-45-3C, in the period in which a discontinued operation either has been disposed of or is classified as held for sale.
","snippet":"The statement in which net income of a business entity is reported or the statement of activities of a not-for-profit entity (NFP) for current and prior periods shall report the results of operations of the discontinued …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0e72b14d4d35804595ee954bade650d1a4b5d4e7ddd45d138dcfbde236422d3","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-3A","para":"45-3A","html":"
The results of all discontinued operations, less applicable income taxes (benefit), shall be reported as a separate component of income. For example, the results of all discontinued operations may be reported in the statement where net income of a business entity is reported as follows.
","snippet":"The results of all discontinued operations, less applicable income taxes (benefit), shall be reported as a separate component of income. For example, the results of all discontinued operations may be reported in the stat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:74a3b183e5a9bb672f9d6cf5d01544b05ce58fe2146b3ce5fd58e96e005fd17b","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-3B","para":"45-3B","html":"
A gain or loss recognized on the disposal (or loss recognized on classification as held for sale) shall be presented separately on the face of the statement where net income is reported or disclosed in the notes to financial statements (see paragraph 205-20-50-1(b)).
","snippet":"A gain or loss recognized on the disposal (or loss recognized on classification as held for sale) shall be presented separately on the face of the statement where net income is reported or disclosed in the notes to finan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d53828b062167bd145e7229536378131beeb01db1b768ef0cdad526e5ebad20","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-3C","para":"45-3C","html":"
A gain or loss recognized on the disposal (or loss recognized on classification as held for sale) of a discontinued operation shall be calculated in accordance with the guidance in other Subtopics. For example, if a discontinued operation is within the scope of Topic 360 on property, plant, and equipment, an entity shall follow the guidance in paragraphs
360-10-35-37 through 35-45
and 360-10-40-5 for calculating the gain or loss recognized on the disposal (or loss on classification as held for sale) of the discontinued operation.
","snippet":"A gain or loss recognized on the disposal (or loss recognized on classification as held for sale) of a discontinued operation shall be calculated in accordance with the guidance in other Subtopics. For example, if a disc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2bac1d32d95347cb44ca440bcd4b4c56e54e1c47387a317fabb48450b408c98f","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-4","para":"45-4","html":"
Adjustments to amounts previously reported in discontinued operations in a prior period shall be presented separately in the current period in the discontinued operations section of the statement where net income is reported.
","snippet":"Adjustments to amounts previously reported in discontinued operations in a prior period shall be presented separately in the current period in the discontinued operations section of the statement where net income is repo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:85e0f2fe15c6d60389d6725de6f0c6e0d6f941e953cd80a40f2d3cd20817ccfd","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-5","para":"45-5","html":"
Examples of circumstances in which those types of adjustments may arise include the following:
  1. a
    The resolution of contingencies that arise pursuant to the terms of the disposal transaction, such as the resolution of purchase price adjustments and indemnification issues with the purchaser
  2. b
    The resolution of contingencies that arise from and that are directly related to the operations of the discontinued operation before its disposal, such as environmental and product warranty obligations retained by the seller
  3. c
    The settlement of employee benefit plan obligations (pension, postemployment benefits other than pensions, and other postemployment benefits), provided that the settlement is directly related to the disposal transaction. A settlement is directly related to the disposal transaction if there is a demonstrated direct cause-and-effect relationship and the settlement occurs no later than one year following the disposal transaction, unless it is delayed by events or circumstances beyond an entity's control (see paragraph 205-20-45-1G).
","snippet":"Examples of circumstances in which those types of adjustments may arise include the following:\n(a) The resolution of contingencies that arise pursuant to the terms of the disposal transaction, such as the resolution of p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81c8a7fb433588865b0b11755f5914f94d55a6c46edd9fd9caaed719bb62c442","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-6","para":"45-6","html":"
Interest on debt that is to be assumed by the buyer and interest on debt that is required to be repaid as a result of a disposal transaction shall be allocated to discontinued operations.
","snippet":"Interest on debt that is to be assumed by the buyer and interest on debt that is required to be repaid as a result of a disposal transaction shall be allocated to discontinued operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d7c48eb173b2d8a45c3342149473463b3f12850b2bc1e47b5a406789dbcbe22","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-7","para":"45-7","html":"
The allocation to discontinued operations of other consolidated interest that is not directly attributable to or related to other operations of the entity is permitted but not required. Other consolidated interest that cannot be attributed to other operations of the entity is allocated based on the ratio of net assets to be sold or discontinued less debt that is required to be paid as a result of the disposal transaction to the sum of total net assets of the consolidated entity plus consolidated debt other than the following:
  1. a
    Debt of the discontinued operation that will be assumed by the buyer
  2. b
    Debt that is required to be paid as a result of the disposal transaction
  3. c
    Debt that can be directly attributed to other operations of the entity.
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This allocation assumes a uniform ratio of consolidated debt to equity for all operations (unless the assets to be sold are atypical—for example, a finance company—in which case a normal debt-equity ratio for that type of business may be used). If allocation based on net assets would not provide meaningful results, then the entity shall allocate interest to the discontinued operations based on debt that can be identified as specifically attributed to those operations. This guidance applies to income statement presentation of both continuing and discontinued operations (including the presentation of the gain or loss on disposal of a component of an entity). A decision as to interest allocation shall be applied consistently to all discontinued operations.
","snippet":"This allocation assumes a uniform ratio of consolidated debt to equity for all operations (unless the assets to be sold are atypical—for example, a finance company—in which case a normal debt-equity ratio for that type o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d675dd0e045477317c54e29d139f1858ef554819988daf14a41d52d59894ecc","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-9","para":"45-9","html":"
General corporate overhead shall not be allocated to discontinued operations.
","snippet":"General corporate overhead shall not be allocated to discontinued operations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab26f4a898c3f9f981243dc82456810ff0b6e4853f8c6103696b31fcb5072797","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fb800b79df542e8cca839487f01fa272f22295633fce840603c908e5af82bdf","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"block":null,"heading":"Statement of Financial Position","paragraphs":[{"citation":"205-20-45-10","para":"45-10","html":"
In the period(s) that a discontinued operation is classified as held for sale and for all prior periods presented, the assets and liabilities of the discontinued operation shall be presented separately in the asset and liability sections, respectively, of the statement of financial position. Those assets and liabilities shall not be offset and presented as a single amount. If a discontinued operation is part of a disposal group that includes other assets and liabilities that are not part of the discontinued operation, an entity may present the assets and liabilities of the disposal group separately in the asset and liability sections, respectively, of the statement of financial position. If a discontinued operation is disposed of before meeting the criteria in paragraph 205-20-45-1E to be classified as held for sale, an entity shall present the assets and liabilities of the discontinued operation separately in the asset and liability sections, respectively, of the statement of financial position for the periods presented in the statement of financial position before the period that includes the disposal. When an entity separately presents in prior periods the assets and liabilities of a discontinued operation, the entity shall not apply the guidance in paragraph 360-10-35-43 as if those assets and liabilities were held for sale in those prior periods.
","snippet":"In the period(s) that a discontinued operation is classified as held for sale and for all prior periods presented, the assets and liabilities of the discontinued operation shall be presented separately in the asset and l…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:381b08eef40417eaffb9b2f48b061b28400a42e9161e1dcd2bcd5a2e1e960284","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},{"citation":"205-20-45-11","para":"45-11","html":"
For any discontinued operation initially classified as held for sale in the current period, an entity shall either present on the face of the statement of financial position or disclose in the notes to financial statements (see paragraph 205-20-50-5B(e)) the major classes of assets and liabilities of the discontinued operation classified as held for sale for all periods presented in the statement of financial position. Any loss recognized on a discontinued operation classified as held for sale in accordance with paragraphs
205-20-45-3B through 45-3C
shall not be allocated to the major classes of assets and liabilities of the discontinued operation.
","snippet":"For any discontinued operation initially classified as held for sale in the current period, an entity shall either present on the face of the statement of financial position or disclose in the notes to financial statemen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d20f6996b00fedde69240d1595fe7a0446549a2a56be99a9fd0de2aa1e00c3d","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:90295370286d8618a981b866c0fe18a1456528bf03214c91c66790f36077a667","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98bac54cd6b9830c0988590d33ea9eca7ce2a8a683992f3fabbe5e4a990561b9","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98bac54cd6b9830c0988590d33ea9eca7ce2a8a683992f3fabbe5e4a990561b9","downloaded_from":"2026-09-09T22:53:00.884Z","last_downloaded_at":"2026-09-09T22:53:00.884Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483475","source_sha256":"971b18842ca15fd429cd0a2efa82465bf8b5c66dabf9449f5e77c9fd22c008ec"}}