# ASC 205-20: Presentation of Financial Statements — Discontinued Operations Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/205/20/) 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. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T22:52:47.473Z to 2026-09-09T22:53:32.088Z Record version: sha256:b93aa0921f4a3a3b90cc7c0d39a5a404c1c30c4ece83f97b55bc921d3c77345c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20: Presentation of Financial Statements — Discontinued Operations ### Machine-generated study aids ```json { "summary": "ASC 205-20 governs when a disposal must be reported as a discontinued operation and how it is presented and disclosed. A disposal of a component (or group of components) qualifies only if it represents a strategic shift that has (or will have) a major effect on the entity's operations and financial results, triggered when the component is classified as held for sale, disposed of by sale, or disposed of other than by sale (e.g., abandonment or spinoff) (205-20-45-1B). Results of discontinued operations, net of tax, are presented as a separate component of income for current and prior periods, held-for-sale assets and liabilities are presented separately (not offset) on the balance sheet, and extensive note disclosures are required.", "key_points": [ "Scope covers a component or group of components disposed of or classified as held for sale, and a business or nonprofit activity classified as held for sale on acquisition or upon formation of a joint venture; full-cost-method oil and gas properties are excluded (205-20-15-2 through 15-3).", "Discontinued operations reporting requires a strategic shift with a major effect — e.g., disposal of a major geographical area, major line of business, or major equity method investment — upon held-for-sale classification, sale, or disposal other than by sale (205-20-45-1B through 45-1C).", "Held-for-sale classification requires all six criteria in 205-20-45-1E (management commitment, available for immediate sale, active program to locate a buyer, sale probable within one year, active marketing at a price reasonable to fair value, and unlikely significant plan changes), with limited one-year exceptions in 205-20-45-1G; if criteria cease to be met, the asset is reclassified as held and used under 360-10-35-44 (205-20-45-1F).", "Results of all discontinued operations, less applicable income taxes, are reported as a separate component of income for current and prior periods, and any gain or loss on disposal (or loss on held-for-sale classification), computed under other Subtopics such as Topic 360, is presented on the face or disclosed in the notes (205-20-45-3 through 45-3C).", "Interest on debt assumed by the buyer or required to be repaid must be allocated to discontinued operations; allocation of other consolidated interest is permitted but not required and must be applied consistently, while general corporate overhead shall never be allocated (205-20-45-6 through 45-9).", "Assets and liabilities of a discontinued operation classified as held for sale are presented separately in the asset and liability sections of the balance sheet for all periods presented and shall not be offset as a single amount; major classes must be presented on the face or disclosed (205-20-45-10 through 45-11).", "Required disclosures include facts and circumstances of the disposal, segment(s) involved, pretax profit or loss and its major line items, cash flow data, major classes of held-for-sale assets and liabilities with reconciliations, and significant continuing involvement after disposal; an equity method investment disposal gets only the limited disclosure in 205-20-50-7 (205-20-50-1, 50-4A through 50-5D)." ], "categories": [ "Presentation", "Disclosure", "Financial statement presentation", "Derecognition" ], "audience_level": "intermediate", "student_note": "Post-ASU 2014-08 the bar is high: not every disposal of a component is a discontinued operation \\u2014 it must be a strategic shift with a major effect (major line of business, geography, or equity method investment). A common exam trap is assuming continuing involvement or retained interest disqualifies discontinued operations treatment; it does not, it just triggers the extra disclosures in 205-20-50-4A through 50-4B.", "related_topics": [ "360-10", "205-10", "280-10", "260-10", "323-10", "350-20" ], "key_concepts": [ "discontinued operations", "strategic shift with major effect", "component of an entity", "held for sale criteria", "disposal group", "continuing involvement", "interest allocation", "equity method investment disposal" ] } ``` Source downloaded (UTC): 2026-09-09T22:52:47.473Z to 2026-09-09T22:52:47.473Z Record version: sha256:de952b0532ebce3b897ae2d62ea064ecf00d4b780d9c317418e62edfa08eb2e5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/205/20/#00-status) SEC content: no ##### [205-20-00-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:52:47.473Z to 2026-09-09T22:52:47.473Z Record version: sha256:45210614fecbdd7f2ee14d9805876f7980de18e15164415163426667b2d2b27d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
BusinessAmendedAccounting Standards Update No. 2017-0101/05/2017
BusinessAddedAccounting Standards Update No. 2014-0804/10/2014
CommoditySupersededAccounting Standards Update No. 2014-0804/10/2014
Continuation of ActivitiesSupersededAccounting Standards Update No. 2014-0804/10/2014
Continuing Cash FlowsSupersededAccounting Standards Update No. 2014-0804/10/2014
Corporate Joint VentureAddedAccounting Standards Update No. 2023-0508/23/2023
Disposal GroupAmendedAccounting Standards Update No. 2014-0804/10/2014
Firm Purchase CommitmentAddedAccounting Standards Update No. 2014-0804/10/2014
Joint VentureAddedAccounting Standards Update No. 2023-0508/23/2023
MigrationSupersededAccounting Standards Update No. 2014-0804/10/2014
Nonprofit ActivityAddedAccounting Standards Update No. 2014-0804/10/2014
Not-for-Profit EntityAddedAccounting Standards Update No. 2014-0804/10/2014
Probable (2nd def.)AddedAccounting Standards Update No. 2014-0804/10/2014
Public Business EntityAmendedMaintenance Update 2017-06 (PDF)04/07/2017
Public Business EntityAmendedMaintenance Update 2016-11 (PDF)06/27/2016
Public Business EntityAddedAccounting Standards Update No. 2014-0804/10/2014
205-20-05-1AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-05-2AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-15-1AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-15-2AmendedAccounting Standards Update No. 2023-0508/23/2023
205-20-15-2AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-15-3AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-45-1SupersededAccounting Standards Update No. 2014-0804/10/2014
205-20-45-1A through 45-1G
AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-45-1DAmendedAccounting Standards Update No. 2023-0508/23/2023
205-20-45-1DAmendedAccounting Standards Update No. 2015-1006/12/2015
205-20-45-2SupersededAccounting Standards Update No. 2014-0804/10/2014
205-20-45-3AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-45-3AAmendedAccounting Standards Update No. 2015-0101/09/2015
205-20-45-3A through 45-3C
AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-45-4AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-45-5AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-45-10AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-45-11AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-50-1AmendedAccounting Standards Update No. 2025-1112/08/2025
205-20-50-1AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-50-2SupersededAccounting Standards Update No. 2014-0804/10/2014
205-20-50-3AmendedAccounting Standards Update No. 2025-1112/08/2025
205-20-50-3AmendedAccounting Standards Update No. 2014-0804/10/2014
205-20-50-3AAmendedAccounting Standards Update No. 2025-1112/08/2025
205-20-50-3AAddedAccounting Standards Update No. 2014-0804/10/2014
205-20-50-4SupersededAccounting Standards Update No. 2014-0804/10/2014
205-20-50-4AAmendedAccounting Standards Update No. 2025-1112/08/2025
205-20-50-4AAddedAccounting Standards Update No. 2014-0804/10/2014
205-20-50-4BAmendedAccounting Standards Update No. 2025-1112/08/2025
205-20-50-4BAddedAccounting Standards Update No. 2014-0804/10/2014
205-20-50-5SupersededAccounting Standards Update No. 2014-0804/10/2014
205-20-50-5A through 50-5D
AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-50-5B through 50-5D
AmendedAccounting Standards Update No. 2025-1112/08/2025
205-20-50-6SupersededAccounting Standards Update No. 2014-0804/10/2014
205-20-50-7AmendedAccounting Standards Update No. 2025-1112/08/2025
205-20-50-7AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-55-1 through 55-81
SupersededAccounting Standards Update No. 2014-0804/10/2014
205-20-55-27AmendedMaintenance Update 2016-11 (PDF)06/27/2016
205-20-55-80AmendedMaintenance Update 2016-11 (PDF)06/27/2016
205-20-55-82AmendedAccounting Standards Update No. 2023-0508/23/2023
205-20-55-82 through 55-103
AddedAccounting Standards Update No. 2014-0804/10/2014
205-20-65-1AddedAccounting Standards Update No. 2014-0804/10/2014
Source downloaded (UTC): 2026-09-09T22:52:50.918Z to 2026-09-09T22:52:50.918Z Record version: sha256:f3dbdd4120b04271fbf0ce8f3e16d1ebe31d09167a5b0d988ab4c40ecb0849da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/205/20/#05-overview-and-background) SEC content: no ##### [205-20-05-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:52:50.918Z to 2026-09-09T22:52:50.918Z Record version: sha256:790acb3df3f6381ba27ff862df7bb5f2b96c0449ecfd7c5a73422de91d07117f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on the presentation and disclosure requirements for discontinued operations. A discontinued operation may include a [component of an entity](https://asc.understandingaccounting.org/glossary/c/#component-of-an-entity "A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group.") or a group of components of an entity, or a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") or [nonprofit activity](https://asc.understandingaccounting.org/glossary/n/#nonprofit-activity "An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing benefits, other than goods or services at a profit or profit equivalent, as a fulfillment of an entity's purpose or mission (for example, goods or services to beneficiaries, customers, or members). As with a not-for-profit entity, a nonprofit activity possesses characteristics that distinguish it from a business or a for-profit business entity."). ##### [205-20-05-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-05-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:52:50.918Z to 2026-09-09T22:52:50.918Z Record version: sha256:36b59a456248e2c25ba7934d24853af1ef534cac9ed0bf209377e8d8e3b79f14 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The required disclosures about discontinued operations vary depending on the nature of the discontinued operation. For example, if a discontinued operation includes a component or group of components of an entity that is not an equity method investment, a more comprehensive set of disclosures about the discontinued operation is required. If the discontinued operation includes an equity method investment, or a business or nonprofit activity that is classified as held for sale on acquisition, a more limited set of disclosures is required (see the flowchart in paragraph [205-20-55-82](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-82) for an illustration). Source downloaded (UTC): 2026-09-09T22:52:53.997Z to 2026-09-09T22:52:53.997Z Record version: sha256:599fe054a02172945a03b64083a685e2b630e033f23524ed56522a1cfe4b5e44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/205/20/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [205-20-15-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:52:53.997Z to 2026-09-09T22:52:53.997Z Record version: sha256:e87a16fb9651812cf975cd9385733293fc82bcf78bfe9dd5dd9c305a0fad01a9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic; see Section 205-10-15, with specific transaction qualifications noted below. #### Transactions ##### [205-20-15-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-15-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:52:53.997Z to 2026-09-09T22:52:53.997Z Record version: sha256:fdefc1b6b82a5781bff4a17fe367a7cbca46a3ef5fbcc2414e9491b34306dfe5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic applies to either of the following: 1. a A [component of an entity](https://asc.understandingaccounting.org/glossary/c/#component-of-an-entity "A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group.") or a group of components of an entity that is disposed of or is classified as held for sale 2. b A [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") or [nonprofit activity](https://asc.understandingaccounting.org/glossary/n/#nonprofit-activity "An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing benefits, other than goods or services at a profit or profit equivalent, as a fulfillment of an entity's purpose or mission (for example, goods or services to beneficiaries, customers, or members). As with a not-for-profit entity, a nonprofit activity possesses characteristics that distinguish it from a business or a for-profit business entity.") that, on acquisition or upon formation of a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities."), is classified as held for sale. #### Entities ##### [205-20-15-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-15-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:52:53.997Z to 2026-09-09T22:52:53.997Z Record version: sha256:15f94b17c7921782ed96ab22338dfdefb559de09233401b27edf053b7ea35d6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in this Subtopic does not apply to oil and gas properties that are accounted for using the full-cost method of accounting as prescribed by the U.S. Securities and Exchange Commission (SEC) (see Regulation S-X, Rule 4-10, Financial Accounting and Reporting for Oil and Gas Producing Activities Pursuant to the Federal Securities Laws and the Energy Policy and Conservation Act of 1975). Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:98bac54cd6b9830c0988590d33ea9eca7ce2a8a683992f3fabbe5e4a990561b9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/205/20/#45-other-presentation-matters) SEC content: no ##### [205-20-45-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:a994c3fe35cec0e14cbc4ffebf701413acff3ba87827cbde81c9b1519e3747f3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). #### What Is a Discontinued Operation? ##### [205-20-45-1A](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1A) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:a5333e1fcc11aa1b42b3a9293ff74f273a058067b2800f45397bd4a2dd92bcfc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A discontinued operation may include a [component of an entity](https://asc.understandingaccounting.org/glossary/c/#component-of-an-entity "A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group.") or a group of components of an entity, or a [business](https://asc.understandingaccounting.org/glossary/b/#business "Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.") or [nonprofit activity](https://asc.understandingaccounting.org/glossary/n/#nonprofit-activity "An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing benefits, other than goods or services at a profit or profit equivalent, as a fulfillment of an entity's purpose or mission (for example, goods or services to beneficiaries, customers, or members). As with a not-for-profit entity, a nonprofit activity possesses characteristics that distinguish it from a business or a for-profit business entity."). ##### [205-20-45-1B](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1B) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:dbce2e4c6054ddbbaf250ab72484597eadb6c2b18c346b8fb1b8ea2b2289b2bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/205/20/#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](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-15) (for example, by abandonment or in a distribution to owners in a spinoff). ##### [205-20-45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1C) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:64a2642b8336de682b3cdb92162b1e0a8d80801ad403dda2e2c2aee22beb9966 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-83) for Examples). ##### [205-20-45-1D](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1D) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:063f443b9243579bf29b6ed86dac1b20ab2c08287a2ffad1b65bb62a0318dd3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A business or nonprofit activity that, on acquisition or upon formation of a [joint venture](https://asc.understandingaccounting.org/glossary/j/#joint-venture "An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities."), meets the criteria in paragraph [205-20-45-1E](https://asc.understandingaccounting.org/asc/205/20/#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)](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1E) is met (except as permitted by paragraph [205-20-45-1G](https://asc.understandingaccounting.org/asc/205/20/#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](https://asc.understandingaccounting.org/asc/205/20/#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). ##### [205-20-45-1E](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1E) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:2dfb9963e3d321f3ab5d4fb80c6d6278d85e1733e1e43380b2c10d48b40895f8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 \[paragraphs [360-10-55-37 through 55-42](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-37) \], 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](https://asc.understandingaccounting.org/glossary/p/#probable "The future event or events are likely to occur."), 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1G). (See Example 8 \[paragraph [360-10-55-43](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-43)\], 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. ##### [205-20-45-1F](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1F) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:108298fab418e22da4199fb8c3a79ddfabfc39319eebc98cf7ab5c776bfa9b57 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If at any time the criteria in paragraph [205-20-45-1E](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1E) are no longer met (except as permitted by paragraph [205-20-45-1G](https://asc.understandingaccounting.org/asc/205/20/#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](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-44). ##### [205-20-45-1G](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1G) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:8fe321f98d8b0c4e7c0c3f4fcab2c538e6d3d57f591842e45eb1d6827f55b359 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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)](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1E) 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](https://asc.understandingaccounting.org/glossary/f/#firm-purchase-commitment "A firm purchase commitment is an agreement with an unrelated party, binding on both parties and usually legally enforceable, that meets both of the following conditions: It specifies all significant terms, including the price and timing of the transaction. It includes a disincentive for nonperformance that is sufficiently large to make performance probable.") is obtained. 2. 2 A firm purchase commitment is probable within one year. (See Example 9 \[paragraph [360-10-55-44](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-44)\], 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 \[paragraph [360-10-55-46](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-46)\], 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1E) are met. (See Example 11 \[paragraph [360-10-55-48](https://asc.understandingaccounting.org/asc/360/10/#360-10-55-48)\], which illustrates that situation.) ##### [205-20-45-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:b1f0443b9117304d23c6e87ed978a695c27e6af0c869f656e907cacfe77d7a5c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). #### Statement in Which Net Income Is Reported ##### [205-20-45-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:b0e72b14d4d35804595ee954bade650d1a4b5d4e7ddd45d138dcfbde236422d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3C), in the period in which a discontinued operation either has been disposed of or is classified as held for sale. ##### [205-20-45-3A](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3A) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:74a3b183e5a9bb672f9d6cf5d01544b05ce58fe2146b3ce5fd58e96e005fd17b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. - ![](https://asc.understandingaccounting.org/asc-img/GUID-B3EC9B47-23DB-4075-9FCF-60F2FBA24286-low.gif) Income from continuing operations before income taxes $XXXX Income taxes XXX Income from continuing operations $XXXX Discontinued operations (Note X) Loss from operations of discontinued Component X (including loss on disposal of $XXX) XXXX Income tax benefit XXXX Loss on discontinued operations XXXX Net income $XXXX ##### [205-20-45-3B](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3B) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:0d53828b062167bd145e7229536378131beeb01db1b768ef0cdad526e5ebad20 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-1)). ##### [205-20-45-3C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3C) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:2bac1d32d95347cb44ca440bcd4b4c56e54e1c47387a317fabb48450b408c98f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-37) and [360-10-40-5](https://asc.understandingaccounting.org/asc/360/10/#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. ##### [205-20-45-4](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:85e0f2fe15c6d60389d6725de6f0c6e0d6f941e953cd80a40f2d3cd20817ccfd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [205-20-45-5](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:81c8a7fb433588865b0b11755f5914f94d55a6c46edd9fd9caaed719bb62c442 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/s/#settlement-of-a-pension-or-postretirement-benefit-obligation "A transaction that is an irrevocable action, relieves the employer (or the plan) of primary responsibility for a pension or postretirement benefit obligation, and eliminates significant risks related to the obligation and the assets used to effect 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1G)). ##### [205-20-45-6](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-6) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:7d7c48eb173b2d8a45c3342149473463b3f12850b2bc1e47b5a406789dbcbe22 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [205-20-45-7](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-7) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:59e26025b89701b886ddd07e651ca7bbf977d5728ae43daf853e7300597ba898 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [205-20-45-8](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-8) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:6d675dd0e045477317c54e29d139f1858ef554819988daf14a41d52d59894ecc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [205-20-45-9](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-9) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:ab26f4a898c3f9f981243dc82456810ff0b6e4853f8c6103696b31fcb5072797 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. General corporate overhead shall not be allocated to discontinued operations. #### Statement of Financial Position ##### [205-20-45-10](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-10) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:381b08eef40417eaffb9b2f48b061b28400a42e9161e1dcd2bcd5a2e1e960284 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/d/#disposal-group "A disposal group for a long-lived asset or assets to be disposed of by sale or otherwise represents assets to be disposed of together as a group in a single transaction and liabilities directly associated with those assets that will be transferred in the transaction. A disposal group may include a discontinued operation along with other assets and liabilities that are not part of the discontinued operation.") 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](https://asc.understandingaccounting.org/asc/205/20/#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](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-43) as if those assets and liabilities were held for sale in those prior periods. ##### [205-20-45-11](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-11) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:00.884Z to 2026-09-09T22:53:00.884Z Record version: sha256:7d20f6996b00fedde69240d1595fe7a0446549a2a56be99a9fd0de2aa1e00c3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B)) 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](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3B) shall not be allocated to the major classes of assets and liabilities of the discontinued operation. Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:b4332a5b83d6241fa20c334e4530c61798fb4e8dad6ae31e69d035c8c03cc73a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/205/20/#50-disclosure) SEC content: no #### Disclosures Required for All Types of Discontinued Operations ##### [205-20-50-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-1) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:fd16b7ee9aa388c019774a7b66087df527e01302a9fe96f205c8679cc82b9195 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following shall be disclosed in the notes to financial statements that cover the period in which a discontinued operation either has been disposed of or is classified as held for sale under the requirements of paragraph [205-20-45-1E](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1E): 1. a A description of both of the following: 1. 1 The facts and circumstances leading to the disposal or expected disposal 2. 2 The expected manner and timing of that disposal. 2. b If not separately presented on the face of the statement where net income is reported (or statement of activities for a not-for-profit entity) as part of discontinued operations (see paragraph [205-20-45-3B](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3B)), the gain or loss recognized in accordance with paragraph [205-20-45-3C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3C). 3. c [Subparagraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). 4. d If applicable, the segment(s) in which the discontinued operation is reported under Topic 280 on segment reporting. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, the following shall be disclosed in the notes to financial statements that cover the period in which a discontinued operation either has been disposed of or is classified as held for sale under the requirements of paragraph [205-20-45-1E](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1E): 1. a A description of both of the following: 1. 1 The facts and circumstances leading to the disposal or expected disposal 2. 2 The expected manner and timing of that disposal. 2. b If not separately presented on the face of the statement where net income is reported (or statement of activities for a not-for-profit entity) as part of discontinued operations (see paragraph [205-20-45-3B](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3B)), the gain or loss recognized in accordance with paragraph [205-20-45-3C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3C). 3. c [Subparagraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). 4. d If applicable, the segment(s) in which the discontinued operation is reported under Topic 280 on segment reporting. ##### [205-20-50-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:449341a866557730151388b1b7df57cbdcc9ac7fef9884f66eaa918be42bc8a9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). #### Change to a Plan of Sale ##### [205-20-50-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-3) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:272428480ca0c3aaf5b1e8caf2901c3c260dbd5452c4ef20daddbbdfb02a4530 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity may change its plan of sale as addressed in paragraph [360-10-35-44](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-44) or paragraph [360-10-35-45](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-45). In the period in which the decision is made to change the plan for selling the discontinued operation, an entity shall disclose in the notes to financial statements a description of the facts and circumstances leading to the decision to change that plan and the change's effect on the results of operations for the period and any prior periods presented. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)An entity may change its plan of sale as addressed in paragraph [360-10-35-44](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-44) or paragraph [360-10-35-45](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-45). In the period in which the decision is made to change the plan for selling the discontinued operation, an entity shall disclose in the notes to interim and annual financial statements a description of the facts and circumstances leading to the decision to change that plan and the change's effect on the results of operations for the period and any prior periods presented. ##### [205-20-50-3A](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-3A) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:45063bf80b7bdd1bd3591de5c803392fbefc658c4897ff1919d595831a562022 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The nature and amount of adjustments to amounts previously reported in discontinued operations that are directly related to the disposal of a discontinued operation in a prior period shall be disclosed (see paragraph [205-20-45-5](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-5) for examples of circumstances in which those types of adjustments may arise). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)The nature and amount of adjustments to amounts previously reported in discontinued operations that are directly related to the disposal of a discontinued operation in a prior period shall be disclosed in interim and annual reporting periods (see paragraph [205-20-45-5](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-5) for examples of circumstances in which those types of adjustments may arise). ##### [205-20-50-4](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:3f738a6b569e279dfdbc8fe63c4c45e94f080a7b6796054ea47675d8d5514c81 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). #### Continuing Involvement ##### [205-20-50-4A](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-4A) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:b4480c8ccf0b472f7a1792aa55038160c40b9492fe67a5328d7583759c67aa18 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose information about its significant continuing involvement with a discontinued operation after the disposal date. Examples of continuing involvement with a discontinued operation after the disposal date include a supply and distribution agreement, a financial guarantee, an option to repurchase a discontinued operation, and an equity method investment in the discontinued operation. The disclosures are required until the results of operations of the discontinued operation in which an entity retains significant continuing involvement are no longer presented separately as discontinued operations in the statement where net income is reported (or statement of activities for a not-for-profit entity). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose information about its significant continuing involvement with a discontinued operation after the disposal date. Examples of continuing involvement with a discontinued operation after the disposal date include a supply and distribution agreement, a financial guarantee, an option to repurchase a discontinued operation, and an equity method investment in the discontinued operation. The disclosures are required until the results of operations of the discontinued operation in which an entity retains significant continuing involvement are no longer presented separately as discontinued operations in the statement where net income is reported (or statement of activities for a not-for-profit entity). ##### [205-20-50-4B](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-4B) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:de5308017d10780164cd1b4d1ba08fc3c66cd489b022be57a5a95375edc1fa6b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose the following in the notes to financial statements for each discontinued operation in which the entity retains significant continuing involvement after the disposal date: 1. a A description of the nature of the activities that give rise to the continuing involvement. 2. b The period of time during which the involvement is expected to continue. 3. c For all periods presented, both of the following: 1. 1 The amount of any cash inflows or outflows from or to the discontinued operation after the disposal transaction 2. 2 Revenues or expenses presented, if any, in continuing operations after the disposal transaction that before the disposal transaction were eliminated in consolidated financial statements as intra-entity transactions. 4. d For a discontinued operation in which an entity retains an equity method investment after the disposal (the investee), information that enables users of financial statements to compare the financial performance of the entity from period to period assuming that the entity held the same equity method investment in all periods presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). The disclosure shall include all of the following until the discontinued operation is no longer reported separately in discontinued operations: 1. 1 For each period presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) after the period in which the discontinued operation was disposed of, the pretax income of the investee in which the entity retains an equity method investment 2. 2 The entity's ownership interest in the discontinued operation before the disposal transaction 3. 3 The entity's ownership interest in the investee after the disposal transaction 4. 4 The entity's share of the income or loss of the investee in the period(s) after the disposal transaction and the line item in the statement where net income is reported (or statement of activities for a not-for-profit entity) that includes the income or loss. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose the following in the notes to financial statements for each discontinued operation in which the entity retains significant continuing involvement after the disposal date: 1. a A description of the nature of the activities that give rise to the continuing involvement. 2. b The period of time during which the involvement is expected to continue. 3. c For all periods presented, both of the following: 1. 1 The amount of any cash inflows or outflows from or to the discontinued operation after the disposal transaction 2. 2 Revenues or expenses presented, if any, in continuing operations after the disposal transaction that before the disposal transaction were eliminated in consolidated financial statements as intra-entity transactions. 4. d For a discontinued operation in which an entity retains an equity method investment after the disposal (the investee), information that enables users of financial statements to compare the financial performance of the entity from period to period assuming that the entity held the same equity method investment in all periods presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). The disclosure shall include all of the following until the discontinued operation is no longer reported separately in discontinued operations: 1. 1 For each period presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) after the period in which the discontinued operation was disposed of, the pretax income of the investee in which the entity retains an equity method investment 2. 2 The entity's ownership interest in the discontinued operation before the disposal transaction 3. 3 The entity's ownership interest in the investee after the disposal transaction 4. 4 The entity's share of the income or loss of the investee in the period(s) after the disposal transaction and the line item in the statement where net income is reported (or statement of activities for a not-for-profit entity) that includes the income or loss. ##### [205-20-50-5](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:c4aef12c9eabdd1adaaa60e4f9af9b2b0ecb28e24d125e02d8d3763bc478d45a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). #### Disclosures Required for a Discontinued Operation Comprising a Component or Group of Components of an Entity ##### [205-20-50-5A](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5A) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:2cdd6336765118cc10d1bbbae7c39d93185d05a6348583e14e6455cc4584db60 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraphs [205-20-50-5B through 50-5D](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) provide disclosures required for discontinued operations that meet the criteria in paragraphs [205-20-45-1B through 45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1B) except for a discontinued operation that was an equity method investment before the disposal. For disclosures required for discontinued operations that were equity method investments before the disposal, see paragraph [205-20-50-7](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-7). ##### [205-20-50-5B](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:566b8ee1e4b18418419a2f83ec6bc28fdcf76619f6d0f6434a8908b02b72b572 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose, to the extent not presented on the face of the financial statements as part of discontinued operations, all of the following in the notes to financial statements: 1. a The pretax profit or loss (or change in net assets for a not-for-profit entity) of the discontinued operation for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 2. b The major classes of line items constituting the pretax profit or loss (or change in net assets for a not-for-profit entity) of the discontinued operation (for example, revenue, cost of sales, depreciation and amortization, and interest expense) for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 3. c Either of the following: 1. 1 The total operating and investing cash flows of the discontinued operation for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) 2. 2 The depreciation, amortization, capital expenditures, and significant operating and investing noncash items of the discontinued operation for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 4. d If the discontinued operation includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 5. e The carrying amount(s) of the major classes of assets and liabilities included as part of a discontinued operation classified as held for sale for the period in which the discontinued operation is classified as held for sale and all prior periods presented in the statement of financial position. Any loss recognized on the discontinued operation classified as held for sale in accordance with paragraphs [205-20-45-3B through 45-3C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3B) shall not be allocated to the major classes of assets and liabilities of the discontinued operation. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose, to the extent not presented on the face of the financial statements as part of discontinued operations, all of the following in the notes to financial statements: 1. a The pretax profit or loss (or change in net assets for a not-for-profit entity) of the discontinued operation for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 2. b The major classes of line items constituting the pretax profit or loss (or change in net assets for a not-for-profit entity) of the discontinued operation (for example, revenue, cost of sales, depreciation and amortization, and interest expense) for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 3. c Either of the following: 1. 1 The total operating and investing cash flows of the discontinued operation for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity) 2. 2 The depreciation, amortization, capital expenditures, and significant operating and investing noncash items of the discontinued operation for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 4. d If the discontinued operation includes a noncontrolling interest, the pretax profit or loss (or change in net assets for a not-for-profit entity) attributable to the parent for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities for a not-for-profit entity). 5. e The carrying amount(s) of the major classes of assets and liabilities included as part of a discontinued operation classified as held for sale for the period in which the discontinued operation is classified as held for sale and all prior periods presented in the statement of financial position. Any loss recognized on the discontinued operation classified as held for sale in accordance with paragraphs [205-20-45-3B through 45-3C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-3B) shall not be allocated to the major classes of assets and liabilities of the discontinued operation. ##### [205-20-50-5C](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5C) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:15abe117ee4ef46228c48d013b9a406e91736b3e21cd05a13ea258a635a01304 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity provides the disclosures required by paragraph [205-20-50-5B(a), (b), and (e)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) in the notes to financial statements, the entity shall disclose the following: 1. a For the initial period in which the [disposal group](https://asc.understandingaccounting.org/glossary/d/#disposal-group "A disposal group for a long-lived asset or assets to be disposed of by sale or otherwise represents assets to be disposed of together as a group in a single transaction and liabilities directly associated with those assets that will be transferred in the transaction. A disposal group may include a discontinued operation along with other assets and liabilities that are not part of the discontinued operation.") is classified as held for sale and for all prior periods presented in the statement of financial position, a reconciliation of both of the following: 1. 1 The amounts disclosed in paragraph [205-20-50-5B(e)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) 2. 2 Total assets and total liabilities of the disposal group classified as held for sale that are presented separately on the face of the statement of financial position. If the disposal group includes assets and liabilities that are not part of the discontinued operation, an entity shall present those assets and liabilities in line items in the reconciliations that are separate from the assets and liabilities of the discontinued operation (see paragraph [205-20-55-102](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-102) for an Example). 2. b For the periods in which the results of operations of the discontinued operation are reported in the statement where net income is reported (or statement of activities for a not-for-profit entity), a reconciliation of both of the following: 1. 1 The amounts disclosed in paragraph [205-20-50-5B(a) and (b)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) 2. 2 The after-tax profit or loss from discontinued operations presented on the face of the statement where net income is reported (or statement of activities for a not-for-profit entity) (see paragraph [205-20-55-103](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-103) for an Example). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If an entity provides the disclosures required by paragraph [205-20-50-5B(a), (b), and (e)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) in the notes to financial statements, the entity shall disclose the following in interim and annual reporting periods: 1. a For the initial period in which the [disposal group](https://asc.understandingaccounting.org/glossary/d/#disposal-group "A disposal group for a long-lived asset or assets to be disposed of by sale or otherwise represents assets to be disposed of together as a group in a single transaction and liabilities directly associated with those assets that will be transferred in the transaction. A disposal group may include a discontinued operation along with other assets and liabilities that are not part of the discontinued operation.") is classified as held for sale and for all prior periods presented in the statement of financial position, a reconciliation of both of the following: 1. 1 The amounts disclosed in paragraph [205-20-50-5B(e)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) 2. 2 Total assets and total liabilities of the disposal group classified as held for sale that are presented separately on the face of the statement of financial position. If the disposal group includes assets and liabilities that are not part of the discontinued operation, an entity shall present those assets and liabilities in line items in the reconciliations that are separate from the assets and liabilities of the discontinued operation (see paragraph [205-20-55-102](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-102) for an Example). 2. b For the periods in which the results of operations of the discontinued operation are reported in the statement where net income is reported (or statement of activities for a not-for-profit entity), a reconciliation of both of the following: 1. 1 The amounts disclosed in paragraph [205-20-50-5B(a) and (b)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5B) 2. 2 The after-tax profit or loss from discontinued operations presented on the face of the statement where net income is reported (or statement of activities for a not-for-profit entity) (see paragraph [205-20-55-103](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-103) for an Example). ##### [205-20-50-5D](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5D) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:98e509b7ba200eeeac812dda007973d1b2167f5851cf369434cfaaafd653c5a0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For purposes of the reconciliation in paragraph [205-20-50-5C(a) or (b)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5C), an entity may aggregate the amounts that are not considered major and present them as one line item in the reconciliation. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For purposes of the reconciliation in paragraph [205-20-50-5C(a) or (b)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5C), an entity may aggregate the amounts that are not considered major and present them as one line item in the reconciliation in interim and annual reporting periods. ##### [205-20-50-6](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-6) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:587a8da37da03ef757dd647f794598c8507b6cfe8b131ca9c7dbf89894a56525 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). #### Disclosures Required for a Discontinued Operation Comprising an Equity Method Investment ##### [205-20-50-7](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-7) Pending content: yes Source downloaded (UTC): 2026-09-09T22:53:03.747Z to 2026-09-09T22:53:03.747Z Record version: sha256:6d873ec068ed4b02d16d037890830bef0f3498cd6105457b8fc2fff897792e92 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For an equity method investment that meets the criteria in paragraphs [205-20-45-1B through 45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1B) , an entity shall disclose summarized information about the assets, liabilities, and results of operations of the investee if that information was disclosed in financial reporting periods before the disposal in accordance with paragraph [323-10-50-3(c)](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For an equity method investment that meets the criteria in paragraphs [205-20-45-1B through 45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1B) , an entity shall disclose summarized information about the assets, liabilities, and results of operations of the investee in interim and annual reporting periods if that information was disclosed in financial reporting periods before the disposal in accordance with paragraph [323-10-50-3(c)](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3). Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:76dbc76bb1ba076ee01cfb1b0352310b561b6a325f771b8cfc863f3336149450 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/205/20/#55-implementation-guidance-and-illustrations) SEC content: no ##### [205-20-55-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:42b796afc3facc74423b3514a7298e82dbdd6104831abaca2e469850cfeb349f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:969d62357d1e7047681eacc7cf484987e3c241884578179db9a4757f0bc0eaae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:1bf21c19c958d239ab2aef91bd7075fe9dc783f8b9643559389e9256480195e0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-4](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:ca92ce888ebc5853001df7de5f415c459b0d20a2b5feae70e4f478dfbd6e123f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-5](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f9101e80b3b375cc643af46312fe7eaae87d6394d44341003d3677116365c95d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-6](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-6) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:a9a3ab0e2e4f3a5943c7f006ec57360f1f284e18c3efe64a7d3aa31caccc814a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-7](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-7) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:c7c1f35d8a82ae1947c1ecd57c76fdc45cce24d842d05c130430755df08d90e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-8](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-8) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:d761b34e71184dc61d905edff4de5417cc2c238ff81b604eb965ab6813fc7d77 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-9](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-9) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:1ef2838849ea9244bc653efd0282c9f1b21a59136086d8b3a3709f7dd3c39d54 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-10](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-10) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:bc2102aac0d822a581d57e1c318ec7ab59eb025de7a4cb64d70034fb4a848bf2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-11](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-11) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:1770dd82f72c01aa5c0c341ccb39501fdf60c59704c71742a1e3cb9dd77931c8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-12](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-12) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:c4aafa17b3171035a8f37d7fff1fc78f83d6d0858c3695eb8e4b692478d0a7d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-13](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-13) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:bc52e1a8710790ec2d8eb55e0c19893db79a2ef8bede0091450c756376e6a032 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-14](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-14) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:439e774ca3b09685c2f5e15eca6f5cec71fca2dfe2aa5c20f1c405403b041da6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-15](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-15) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:ab5108538a72b8d8afd6ffefddec5fba0a464aa54804561d15434f7c4c08a3bd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-16](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-16) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:753ecc5d5a429380e121ac2e38751c659b6dbe3beeeaae94c7ad4e64a15c1e9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-17](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-17) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:2c1f0cf921579b1b972a89079af55ae83b952ad871c14054b9b9105560c2981c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-18](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-18) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:a6e5c70dcc1364b22cb69b07fdbbc8ed2352325071db701851e6ebbe7f577720 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-19](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-19) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:786fd070f95ad75893af2088538a88beb5ababaf77fb551ab4b5cfb9342965c5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-20](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-20) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:16681f2fd6b08675553e111b589739ad876e61e0e1d32d0441f65cfd36074128 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-21](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-21) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:d70afa850e75a231b52e2e66a4631a1c385158df92b8e1f767597c4bc6d37a6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-22](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-22) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:6a1cbb62335e8c5e9aaa7fdf716d51ce059cf54e52cffa4f56298c600b0c0081 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-23](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-23) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:61575b7dda06a6fdecf86b0c66f5b1a91ccfacbb0685013c5c9d79a7cc097e15 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-24](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-24) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:9687299bebb68e3029209418ea300a0cc217a4ac0538d4c72b9b1bed90b4e6f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-25](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-25) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:682bba9eb492e72c9754a045e89f7ab0e24a88b3c6e1ea44e6054c3c37869a2c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-26](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-26) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:4144cef9f5e2b56b887914b48682c505bfac619aa93f04a941f0468d953d6f78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-27](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-27) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:cf4a42561ae6ec498cf63075fc73d5ab4932ff8e48d13fbdf54043156714bdc4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-28](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-28) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:de24aede0a3d857580d7155b926fabec86991565969d3dca0d3d8a767316990f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-29](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-29) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:0c1b1dcd3cd0fc06b85d5181252037eedc43ea0fbb384edf854751906b0a6f17 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-30](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-30) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:893f6cffa69cf06f31b42da2322d87e67b6f2839b1f8cdb6238f20f988c8783c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-31](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-31) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:c5cd52b4acd575f7d11376f76f1a7dbc99274f6c58255531559d016d7278de64 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-32](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-32) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:1324bdafd49c43a43826df7046961cfe97dd624f35b20aa929c100913e9a652e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-33](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-33) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:86584bdbef4f56f073bca9e17053f1e4dbbbf4ee81bb9882394e814fa8f692bf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-34](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-34) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:0a4d28cb807e14ebd94c241db0f1e2bd0558c57525ed552bc1fdb385a077a832 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-35](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-35) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:50da572d273c5475ac6aa87c12e5afcbff04533e7b70c9e16e7f9c1e147cc5f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-36](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-36) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:080467a25f4ff9211b359316a3ac05531afec8578c84f505b6f17cb585ba5c59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-37](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-37) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:ea779a42728386c7faa0033fdc0d8b449f04f7e02b050dae29d7d9c7ff9a0f52 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-38](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-38) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:3dc382bba89fa985585edbab4199de45919a0191b7222e4952f2b529b5c533e6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-39](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-39) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f6305f1375e90ffaf8e59997058a76eb90fb9b9cfef12a612d0e7e9cc76336ec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-40](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-40) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:0252f6fef17e1b0dcba58347506cb5f83bea67e407980e9d90699e4d61c431a8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-41](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-41) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:e4d7424d04cb10baa21fb1f8445e49e028d5eb262e2c891c578b2c1dd7114bbe Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-42](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-42) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f362c1edc2899abbaf5406e8d5ae27a755ed8ab46517d4806676a77b99273873 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-43](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-43) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:d0d47c710147e16d474bfefe2ad9eebfddc4b6209443b90006e9cb39487ea702 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-44](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-44) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:3228ec8012e18bd7bb281c8019266fbaaeadad5222bb5fde86b983bde37e194f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-45](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-45) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:fd68e934c44ad2605f5f57a8c68e8dc6dda9f34c3034d532c55c16edeb571a98 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-46](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-46) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f3799772e5314fcb042949d8bdd0459e23eab8c5ce4e43fecc8c47827a6c01da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-47](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-47) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:baf7accfb5d2bdfd709bf3b2417d19277d52d2636985355226caf1abf8d22825 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-48](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-48) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:cbaf8a8d4980cc82661b8dfa0785bd29b201817e28336b937fa9f05b160f4f40 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-49](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-49) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:a021c801ddad37c7030b308b929053f174a96ea07639beeb3f4b3013f6ac489b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-50](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-50) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:22f325dec3ea6dd510cda0e3a9d4bff0c6f1c80710bec8dad81aff897da64f9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-51](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-51) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:968e2dabf40c2568c72e05eb951fcc1382653e303d6594fdf1709d8c36bb1928 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-52](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-52) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:2009d606337dcba61551488680f4b030e3918689f93676056b1edaeeb71616bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-53](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-53) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:a747b83d9b5287f6439a800abeec92d84fe03167e8b0dfb358519173d88dbcd7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-54](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-54) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f2d50ed9b316c59b5571c71d0d4960dcf56c580b9100e6c3fb4d947214923679 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-55](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-55) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:ce9a06a09bbdf1278341adf52da3044996ac963a8d2080674e1f5fff330422cc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-56](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-56) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:fddbb62ae6c7d325228c360d27a9c5dd2fd82cd74ca6c23662d72b888990d32c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-57](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-57) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:42c2da795a7f3d4d560979dd7bebb319ac8e574e9e506e915a50d76ab215c840 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-58](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-58) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:ddb2087b194204f51eeec2cefcbd6c05a4e62232db6e2848b79724bed5f5ae07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-59](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-59) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:d997445e3996ef28f3919c1bcb28739608e1d31d487c58e772817d64f7c31937 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-60](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-60) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:cc835ac86221a824786197a11aecd9d28651f9b9f620226e53a736082f8cc4d7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-61](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-61) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:1e1e78b464766c96944e98aee7c88776a2fd33906aefc393e28ec5b692483c78 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-62](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-62) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:b9235bb8e228c99c05939c732e0b04fbb6c713dcdd72fa742d0bf81bf947918d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-63](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-63) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:cc020a6674cbc2cf5a33757e515117e2c2da638506829bf9825f1cdff295b65c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-64](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-64) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:1e91ae29d001fc6ab5da4f643b580525e1835b9ddec55aec460a13e9ed0c6915 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-65](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-65) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f9645a30ec06d8efb6b1c84214596acb8e0ad5f9c06f79d27ef345faa50e5d5e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-66](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-66) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:4dd3a9dd75ba54eb7d4111fe0b2ffa230954b310e11e90dde7588873c46fbb7e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-67](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-67) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:78e4b307d455bbb58495288359416fefb8a3ded49e8dfaf3e0e426b163b7fd16 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-68](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-68) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:5d44cce712d28a4fa2518a6e6e2243a9389edab62811be600850a87fcca97f61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-69](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-69) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:a8d8d4de4e3bf9944cb928b6f2694e9754d60c509f58a0d025c53464672009cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-70](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-70) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f87ca0d9f9cdd9b34e8ef67f5c8ccadf105de87aa6ce2e23c66f9098dd152a2b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-71](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-71) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:e429017136b7b649cb006c49d2a9e102cf23b2540d613e27887efcc9a50dec81 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-72](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-72) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:52a7827a33067964ac44b6b6c737c3b81c10d05a4bceee92b5cdfa9d5e8c18ad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-73](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-73) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:59976886bd9bd1ca1da11ab328b9c8f47719c0e69dbf684693525549d3b26118 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-74](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-74) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:4f2dda91edbc145eecbfd7685d8f66efa061ea208a7f4293b9678ac7174d025a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-75](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-75) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:51595d664cf3cf4a1d020877572e4fe21a95bbce188377d8659f5a3e2cce8dd6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-76](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-76) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f3672e8257984786e519cc30e1b079643922307475e9e7fa97e5b7865e86bfb6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-77](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-77) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:3ae5897e77a6246256ac1e877c83de3d173c7adb79c9790dd453e31bb1e74fb5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-78](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-78) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:71ebccbac48d7b4ecb72284ac67951a123ad3d32aa9559e232241e19f357c4d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-79](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-79) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:536d7e0610c9d8ab73566d91265bc9e75e4d0ed9a9b4319c132ea7d243dc51ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-80](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-80) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:290913e973c2de0e42665b7c7b41dc6bc29cfd87d665f044f2f87bd944c5fa0f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). ##### [205-20-55-81](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-81) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:68b460357a364db3668dbb3dc832ee18858a254194d2d07a046fcc7139113b1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-08](https://asc.understandingaccounting.org/updates/asu-2014-08/). #### Implementation Guidance ##### [205-20-55-82](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-82) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:587e333bc6a20212822a724394fcc1531ac1963ed785b734ec834a25f1cb7114 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following flowchart provides an overview of the disclosures required for discontinued operations. - ![](https://asc.understandingaccounting.org/asc-img/GUID-BADBBDD4-8FAD-44B1-8E6E-F30F20F1B21C-low.gif) "Does the entity have a discontinued operation under the criteria in paragraphs 205-20-45-1A through 45-1D?" Not a discontinued operation. See the flowchart in paragraph 360-10-55-18A for the required disclosures for the impairment or disposal of a long-lived asset. No "Disclose the following in the notes to financial statements that cover the period in which a discontinued operation either has been disposed of or is classified as held for sale under the requirements of paragraph 205-20-45-1E (see paragraph 205-20-50-1):" Yes a. A description of both the facts and circumstances leading to the disposal or expected disposal and the expected manner and timing of that disposal. "b. If not separately presented on the face of the statement where net income is reported (or statement of activities for a not-for-profit entity) as part of discontinued operations (see paragraph 205-20-45-3B), the gain or loss recognized in accordance with paragraph 205-20-45-3C." "d. If applicable, the segment(s) in which the discontinued operation is reported under Topic 280 on segment reporting." Required Disclosures for a Discontinued Operation "Did the entity change its plan of sale as addressed in paragraph 360-10-35-44 or 360-10-35-45?" "In the period in which the decision is made to change the plan for selling the discontinued operation, disclose in the notes to financial statements a description of the facts and circumstances leading to the decision to change that plan and the change's effect on the results of operations for the period and any prior periods presented (see paragraph 205-20-50-3)." Yes No Did the entity have any adjustments to amounts previously reported in discontinued operations? Disclose the nature and amount of adjustments to amounts previously reported in discontinued operations that are directly related to the disposal of a discontinued operation in a prior period. See paragraph 205-20-45-5 for examples of circumstances in which those types of adjustments may arise (see paragraph 205-20-50-3A). Yes "Did the entity have continuing involvement?" No A Yes B No - ![](https://asc.understandingaccounting.org/asc-img/GUID-9784CEEE-62C6-4327-86E9-5960741D994F-low.gif) Disclosures are complete for a discontinued operation that is a business or nonprofit activity held for sale at acquisition or a joint venture upon formation. "Disclose the summarized information about the assets, liabilities, and results of operations of the investee if that information was disclosed in financial reporting periods before the disposal in accordance with paragraph 323-10-50-3(c) (see paragraph 205-20-50-7)." a. The pretax profit or loss (or change in net assets) of the discontinued operation. b. The major classes of line items constituting the pretax profit or loss (or change in net assets) of the discontinued operation. "Was the discontinued operation an equity method investment before the disposal?" "To the extent not presented on the face of the financial statements as part of discontinued operations, disclose all of the following in the notes to financial statements for the periods in which the results of operations of the discontinued operation are presented in the statement where net income is reported (or statement of activities) or for the period in which the discontinued operation is classified as held for sale and all prior periods presented in the statement of financial position (as applicable) (see paragraph 205-20-50-5B):" "d. If the discontinued operation includes a noncontrolling interest, the pretax profit or loss (or change in net assets) attributable to the parent." e. The carrying amount(s) of the major classes of assets and liabilities included as part of a discontinued operation classified as held for sale. "Which criterion does the discontinued operation meet?" 205-20-45-1D 205-20-45-1B through 45-1C C "c. Either the total operating and investing cash flows of the discontinued operation or the depreciation, amortization, capital expenditures, and significant operating and investing noncash items of the discontinued operation." Disclose information about an entity's significant continuing involvement with a discontinued operation after the disposal date. The disclosures are required until the results of operations of the discontinued operation in which an entity retains significant continuing involvement are no longer presented separately as discontinued operations in the statement where net income is reported (or statement of activities). Disclose the following for each discontinued operation in which the entity retains significant continuing involvement after the disposal date (see paragraphs 205-20-50-4A through 50-4B): a. A description of the nature of the activities that give rise to the continuing involvement. b. The period of time during which the involvement is expected to continue. "c. For all periods presented, both the amount of any cash inflows or outflows from or to the discontinued operation after the disposal transaction and revenues or expenses presented, if any, in continuing operations after the disposal transaction that before the disposal transaction were eliminated in consolidated financial statements as intra-entity transactions." "d. For a discontinued operation in which an entity retains an equity method investment after the disposal (the investee), information that enables users of financial statements to compare the financial performance of the entity from period to period assuming that the entity held the same equity method investment in all periods presented in the statement where net income is reported (or statement of activities). The disclosure should include all of the following until the discontinued operation is no longer reported separately in discontinued operations:" "1. For each period presented in the statement where net income is reported (or statement of activities) after the period in which the discontinued operation was disposed of, the pretax income of the discontinued operation in which the entity retains an equity method investment." 2. The entity's ownership interest in the discontinued operation before the disposal transaction. 3. The entity's ownership interest in the investee after the disposal transaction. 4. The entity's share of the income or loss of the investee in the period(s) after the disposal transaction and the line item in the statement where net income is reported (or statement of activities) that includes the income or loss. A B No Yes - ![](https://asc.understandingaccounting.org/asc-img/GUID-46E13975-DCC8-4682-B4EE-0CD57680FF52-low.gif) "Did the entity provide the disclosures required by paragraph 205-20-50-5B(a), (b), and (e)?" "Disclose the following (may aggregate the amounts that are not considered major and present them as one line item in the reconciliation) (see paragraphs 205-20-50-5C through 50-5D):" Disclosures are complete. Yes No 1. The amounts required to be disclosed in paragraph 205-20-50-5B(e). "2. Total assets and total liabilities of the disposal group classified as held for sale that are presented separately on the face of the statement of financial position. If the disposal group includes assets and liabilities that are not part of the discontinued operation, present those assets and liabilities in line items in the reconciliations that are separate from the assets and liabilities of the discontinued operation." "a. For the initial period in which the disposal group is classified as held for sale and for all prior periods presented in the statement of financial position, a reconciliation of both:" "b. For the periods in which the results of operations of the discontinued operation are reported in the statement where net income is reported (or statement of activities), a reconciliation of both:" 1. The amounts required to be disclosed in paragraph 205-20-50-5B(a) and (b). 2. The after-tax profit or loss from discontinued operations presented on the face of the statement where net income is reported (or statement of activities). C #### Illustrations ##### [205-20-55-83](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-83) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:a491fad2d710c87ca6a20d08b29e5b5cb8a9e92876d80f8aafd7ca4e1152fdc9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Examples 1 through 3 provide illustrations of the guidance in paragraphs [205-20-45-1B through 45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1B) on disposals of groups of components of an entity representing strategic shifts that have a major effect on the entity's operations and financial results and are reported in discontinued operations. ##### [205-20-55-84](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-84) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:29057a9c894d1d1c81b8f923cf4398816f8de64366b3849819f461536d6104e8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity manufactures and sells consumer products that are grouped into five major product lines. Each product line includes several brands that comprise operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. Therefore, for that entity, each major product line includes a group of components of the entity. ##### [205-20-55-85](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-85) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:016fc428fedd7a9f4212e4029e8b78fe28201e2fd1f45f6092d9306f1b95628c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The entity has experienced high growth in its discount cleaning product line that has lower price points than its premium cleaning product line. Total revenues from the discount cleaning product line are 15 percent of the entity's total revenues; however, the discount cleaning product line will require significant future investments to increase its profits. Therefore, the entity decides to shift its strategy of selling cleaning products at multiple price points and focus solely on selling cleaning products at a premium price point. As a result, the entity decides to sell the discount cleaning product line. ##### [205-20-55-86](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-86) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:b78c492f594c9f156a5b1adc4b8ac44d133e297e3a031d625cd9f4d3d2e85534 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because the entity shifts its strategy of offering discount cleaning products to consumers and because the discount cleaning product line is one of five major product lines that is a major part of the entity's operations and financial results, the disposal represents a strategic shift that is reported in discontinued operations. ##### [205-20-55-87](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-87) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:2368aa5818cd01e2c8ca7a8aef6d55e1b567efa814bbeb823103979e05873338 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity manufactures and sells food products that are grouped into five major geographical areas (Europe, Asia, Africa, the Americas, and Oceania). Each major geographical area includes several brands that comprise operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. Therefore, for that entity, each major geographical area includes a group of components of the entity. ##### [205-20-55-88](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-88) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:b6ba509ff4354a2a7c22448bed9ed7c682af84144fe302b2d67aaf53cce7219a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The entity has experienced slower growth in its operations located in the Americas, which accounts for 20 percent of the entity's total assets. Therefore, the entity decides to shift its strategy of selling food products in that geographical area and focus its resources on manufacturing and marketing food products in its other four higher growth geographical areas. As a result, the entity decides to sell its operations in the Americas. ##### [205-20-55-89](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-89) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:f616a1b62d8c76580e3266a4d0775bd5a62dc1a0ef0c1c0e0a239e702bdccd9e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because the entity's operations in the Americas is one of five major geographical areas that is a major part of the entity's operations and financial results, the disposal represents a strategic shift that is reported in discontinued operations. ##### [205-20-55-90](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-90) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:b6e320b65fed462daacff4a7150b4121abfaa779e01a6225cabf3c0d18233c0a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that is a general merchandise retailer operates 1,000 retail stores in 2 different store formats—malls and supercenter stores—throughout the United States. The entity divides its stores into five major geographical regions: the Northwest, Southwest, Midwest, Northeast, and Southeast. For that entity, each retail store comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. Therefore, for that entity, each retail store is a component of the entity. ##### [205-20-55-91](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-91) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:7b81414aaa485ec8ed617a7ed12545a122db44de6c7a0fc75c8facd8fae64ba6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The entity has experienced declining net income at its 200 stores located in malls across all 5 major geographical regions. Historically, net income from the 200 stores in malls has been in a range of 30 to 40 percent of the entity's total net income. Total net income from the 200 stores in malls is down to 15 percent of the entity's total net income because of declining customer traffic in malls. Therefore, the entity decides to shift its strategy of selling products in malls and sell the 200 stores located in malls. ##### [205-20-55-92](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-92) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:b48f9f626b534a27182d97cb4e9d7c5598534749a7c4dea124cc782e29e79b82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because the entity decides to shift its strategy of selling products in malls and focus solely on its supercenter stores and because the 200 stores located in malls are a major part of the entity's operations and financial results, the disposal represents a strategic shift that is reported in discontinued operations. ##### [205-20-55-93](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-93) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:27bc07e029d8a22f6938b6a0391c842fa209f805fd58e3b5772150e60549bcbc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example provides an illustration of the guidance in paragraphs [205-20-45-1B through 45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1B) . In this Example, the entity disposes of a component of an entity that is an equity method investment representing a strategic shift that has a major effect on the entity's operations and financial results and is reported in discontinued operations. ##### [205-20-55-94](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-94) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:54e72a9d048e35466cb001b7a9442b841012125b6da986ce08430ba76163087f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that follows the successful-efforts method of accounting produces oil and gas in two major geographical areas (Europe and Africa) that are each divided into several regions. Each region comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. Therefore, for that entity, each major geographical area includes a group of components of the entity. ##### [205-20-55-95](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-95) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:5b0153ffc22f058bb6383f3a339056b750e14f5c8edfd14243f4c4e04a6ab507 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In its operations located in Africa, the entity operates through a joint venture with another entity that is accounted for by the reporting entity as an equity method investment. The entity's carrying amount of its investment in the joint venture is 20 percent of the entity's total assets. Because of significant investments needed in its operations in Europe, the entity decides to shift its strategy of operating in Africa to focus on its operations in Europe and sell its stake in the joint venture. ##### [205-20-55-96](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-96) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:8844ac55ed630095b356d457ed13b4f26b01f31468b54ba8a395594b1c885259 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because the entity shifts its strategy of operating a joint venture to focus on its operations in Europe where it maintains full control and because its operations in Africa are a major part of the entity's operations and financial results, its disposal represents a strategic shift that is reported in discontinued operations. ##### [205-20-55-97](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-97) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:e156203493da2d5f2a85f5f6f606d4ace6a12d3b75a05648ec0a4fffcc4906d5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example provides an illustration of the guidance in paragraphs [205-20-45-1B through 45-1C](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1B) . In this Example, the entity sells 80 percent of a group of components of an entity representing a strategic shift that has a major effect on the entity's operations and financial results and is reported in discontinued operations. ##### [205-20-55-98](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-98) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:a37847650e7796e7de6f5f5c0916fa652ad40105dabbfcafb8f3e9b8bdcbf40e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that manufactures and sells sports equipment has two product lines that serve the football and baseball markets. Each product line includes several different brands that each comprise operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. Therefore, for that entity, each product line includes a group of components of the entity. ##### [205-20-55-99](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-99) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:251b60cdade1bbd3a8449c37675350f67229fbee676b219264ba450043091ff8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The entity decides to shift its strategy of trying to sell products to the baseball equipment market, which accounts for 40 percent of its revenues, and focus more on serving its customers in the football equipment market. However, the entity decides to retain some exposure to the baseball equipment market by selling only 80 percent of the group of components in its product line that serves the baseball market to another entity. ##### [205-20-55-100](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-100) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:671682646384298e2a901e7d685d2527e010ee98b7fde8013f0c3d5a19dc5375 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because the entity decides to shift its strategy of trying to sell products to the baseball equipment market by selling 80 percent of the group of components of the entity in that product line and because the portion sold comprises a major part of the entity's operations and financial results, its disposal represents a strategic shift that is reported in discontinued operations. ##### [205-20-55-101](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-101) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:ef92575a8f60f69f41097cf1d31424bb5a586accbdf295d1fa887d70569a1c99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Because of the entity's significant continuing involvement after the disposal date, the entity provides the disclosures required by paragraphs [205-20-50-4A through 50-4B](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-4A) . ##### [205-20-55-102](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-102) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:b7f6c97e72c78d907680e022e8f2016d8d1dd46fa4d4cf3ffd258ff740abb0a3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The table in this illustration provides one example of how to disclose the reconciliation required by paragraph [205-20-50-5C(a)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5C). - ![](https://asc.understandingaccounting.org/asc-img/GUID-D1D3FE70-7C66-43E6-96D8-BB532541411D-low.gif) "Reconciliation of the Carrying Amounts of Major Classes of Assets and Liabilities of the Discontinued Operation That Are Disclosed in the Notes to Financial Statements to Total Assets and Liabilities of the Disposal Group Classified as Held for Sale That Are Presented Separately in the Statement of Financial Position (in thousands of currency units)" 20X4 20X3 Carrying amounts of major classes of assets included as part of discontinued operations Cash $ XX $ XX Trade receivables XX XX Inventories XX XX "Property, plant, and equipment" XX XX Other classes of assets that are not major XX XX Total major classes of assets of the discontinued operation XX XX Other assets included in the disposal group classified as held for sale XX XX Total assets of the disposal group classified as held for sale in the statement of financial position $ XX $ XX Carrying amounts of major classes of liabilities included as part of discontinued operations Trade payables $ XX $ XX Short-term borrowings XX XX Other classes of liabilities that are not major XX XX Total major classes of liabilities of the discontinued operation XX XX Other liabilities included in the disposal group classified as held for sale XX XX Total liabilities of the disposal group classified as held for sale in the statement of financial position $ XX $ XX ##### [205-20-55-103](https://asc.understandingaccounting.org/asc/205/20/#205-20-55-103) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:05.574Z to 2026-09-09T22:53:05.574Z Record version: sha256:48228ce6f12c37517086771f8165af8157ec953fb395be01b762758df62fe3e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The table in this illustration provides one example of how to disclose the reconciliation required by paragraph [205-20-50-5C(b)](https://asc.understandingaccounting.org/asc/205/20/#205-20-50-5C). - ![](https://asc.understandingaccounting.org/asc-img/GUID-25354546-6340-4392-9BAA-DACC64B212A5-low.gif) "Reconciliation of the Major Classes of Line Items Constituting Pretax Profit (Loss) of Discontinued Operations That Are Disclosed in the Notes to Financial Statements to the After-Tax Profit or Loss of Discontinued Operations That Are Presented in the Statement Where Net Income Is Presented (in thousands of currency units)" 20X4 20X3 Major classes of line items constituting pretax profit (loss) of discontinued operations Revenue $ XX $ XX Cost of sales (XX) (XX) "Selling, general, and administrative expenses" (XX) (XX) Interest expense (XX) (XX) Other income and expense items that are not major (XX) (XX) Pretax profit or loss of discontinued operations related to major classes of pretax profit (loss) XX XX Pretax gain or loss on the disposal of the discontinued operation XX Total pretax gain or loss on discontinued operations XX XX Income tax expense or benefit XX XX Total profit or loss on discontinued operations that is presented in the statement where net income is presented $ XX $ XX Source downloaded (UTC): 2026-09-09T22:53:09.044Z to 2026-09-09T22:53:09.044Z Record version: sha256:c18472464f8f932721f107df8f0616a32e6ec55030bfb7d38b5ac96532a47152 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/205/20/#60-relationships) SEC content: no #### Earnings Per Share ##### [205-20-60-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-60-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:09.044Z to 2026-09-09T22:53:09.044Z Record version: sha256:33b53501a7c7d9e6300d8289498cba672fd2f4afad07c25cc600de1744a0e4d4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on the presentation of basic and diluted per-share amounts for entities that report discontinued operations, see paragraph [260-10-45-3](https://asc.understandingaccounting.org/asc/260/10/#260-10-45-3). ##### [205-20-60-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-60-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:09.044Z to 2026-09-09T22:53:09.044Z Record version: sha256:ccf98fba92aa4428923db479eadedba449c63ed5402b6db66a3aa9c9a39d95ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on the control number to use in determining whether potential common shares are dilutive or antidilutive for entities that report discontinued operations, see paragraph [260-10-45-18](https://asc.understandingaccounting.org/asc/260/10/#260-10-45-18). #### Segment Reporting ##### [205-20-60-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-60-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:09.044Z to 2026-09-09T22:53:09.044Z Record version: sha256:95b1bf62d49b732abfe9174a5321c20f4081c38d11e45b88391029f688ee89c6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on the reporting and financial statement disclosure requirements for a [component of an entity](https://asc.understandingaccounting.org/glossary/c/#component-of-an-entity "A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. A component of an entity may be a reportable segment or an operating segment, a reporting unit, a subsidiary, or an asset group.") that is reported as a discontinued operation and is a reportable segment, see paragraph [280-10-55-7](https://asc.understandingaccounting.org/asc/280/10/#280-10-55-7). #### Intangibles—Goodwill and Other ##### [205-20-60-4](https://asc.understandingaccounting.org/asc/205/20/#205-20-60-4) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:09.044Z to 2026-09-09T22:53:09.044Z Record version: sha256:71fd4a62de900ba7d76c7f847dc37df07832802ce22264eed2c55179ded86436 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on reporting a goodwill impairment loss associated with a discontinued operation, see paragraph [350-20-45-3](https://asc.understandingaccounting.org/asc/350/20/#350-20-45-3). #### Compensation—Retirement Benefits ##### [205-20-60-5](https://asc.understandingaccounting.org/asc/205/20/#205-20-60-5) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:09.044Z to 2026-09-09T22:53:09.044Z Record version: sha256:f4534021271388d7c2e72d6db6095f2889c194ef78fefe669351232d26d63978 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on accounting for the effect on pension obligations of a reduction in work force associated with discontinued operations, see paragraphs [715-30-55-193 through 55-197](https://asc.understandingaccounting.org/asc/715/30/#715-30-55-193) . Source downloaded (UTC): 2026-09-09T22:53:13.160Z to 2026-09-09T22:53:13.160Z Record version: sha256:213803f79d610baca43a6190a2a592a16f5c44ea0a5999d26435b0bea9faa470 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/205/20/#65-transition-and-open-effective-date-information) SEC content: no ##### [205-20-65-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-65-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:13.160Z to 2026-09-09T22:53:13.160Z Record version: sha256:2be89d3eeee0f9628ee9f4e12ae1a6825cf511435c7a18d5952ffc65c0467cb8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 07/05/2017 after the end of the transition period stated in Accounting Standards Update No. 2014-08, _Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity_. Source downloaded (UTC): 2026-09-09T22:53:20.226Z to 2026-09-09T22:53:20.226Z Record version: sha256:0c1e86ab98b93c59cf913d5bfeb3193eda36f4b3d849965a7c1df267977f4b00 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/205/20/#sec-00-status) SEC content: yes ##### [205-20-S00-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-S00-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:20.226Z to 2026-09-09T22:53:20.226Z Record version: sha256:1c00bc576a67c83b020fb9d9b2edda6dcee4295ca84c72472005e0e0b7331d0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
Paragraph NumberActionAccounting Standards UpdateDate
205-20-S99-1AmendedAccounting Standards Update No. 2012-0308/27/2012
205-20-S99-2AmendedAccounting Standards Update No. 2012-0308/27/2012
Source downloaded (UTC): 2026-09-09T22:53:22.846Z to 2026-09-09T22:53:22.846Z Record version: sha256:d4e131597588698e2af36678f3df2238ea0d22925f7f9b31618d5b1ac75ddf4d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/205/20/#sec-45-other-presentation-matters) SEC content: yes #### Reporting Discontinued Operations ##### [205-20-S45-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-S45-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:22.846Z to 2026-09-09T22:53:22.846Z Record version: sha256:b7d3785ee9ea7f433be8ab367edfc7004f789ddfb689d8102512f95797c799ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [205-20-S99-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-S99-1), SAB Topic 5.Z.4, for SEC Staff views on classification of disposal of operations when a significant interest is retained. #### Disposal of a Component of an Entity ##### [205-20-S45-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-S45-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:22.846Z to 2026-09-09T22:53:22.846Z Record version: sha256:ae587d8ee17c63ed03b7472f5a9f897bec328892f5a15459def1cb317ea0d023 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [205-20-S99-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-S99-2), SAB Topic 5.Z.5, for SEC Staff views on classification of contingencies relating to discontinued operations. Source downloaded (UTC): 2026-09-09T22:53:26.557Z to 2026-09-09T22:53:26.557Z Record version: sha256:60d73590e2b2e53a9829cee3703bc73f0e1ae8a16749f7f0b54d7aaf0909dfff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/205/20/#sec-50-disclosure) SEC content: yes #### Allocation of Interest to Discontinued Operations ##### [205-20-S50-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-S50-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:26.557Z to 2026-09-09T22:53:26.557Z Record version: sha256:661a696d1c6de8cddcb9695916466287dbeb3620a7a697bb31803d519bf34c3a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [205-20-S99-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-S99-3), SEC Observer Comment: Allocation of Interest to Discontinued Operations, for SEC Staff views on disclosure of an accounting policy related to allocation of interest to discontinued operations. #### Reporting Discontinued Operations ##### [205-20-S50-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-S50-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:26.557Z to 2026-09-09T22:53:26.557Z Record version: sha256:4c1993d301dd47ff1de8a2b257a2295f615b0b5fc596beb0f68693d620a40c20 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [270-10-S99-1(b)(5)](https://asc.understandingaccounting.org/asc/270/10/#270-10-S99-1), Regulation S-X Rule 10-01(b)(5), for disclosure requirements pertaining to the effect of the disposition of any significant segment. Source downloaded (UTC): 2026-09-09T22:53:32.088Z to 2026-09-09T22:53:32.088Z Record version: sha256:2e012fa7ef563a22e8341e8c6acbd3ead9a9ca028da43c0081b141357bf8602b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 205-20-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/205/20/#sec-99-sec-materials) SEC content: yes #### SEC Staff Guidance ##### [205-20-S99-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:32.088Z to 2026-09-09T22:53:32.088Z Record version: sha256:d0be3ea25a40e70d106a1194ed762a00a9ea32a0b36b09c2aec4e2c3925200fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 5.Z.4, Disposal of Operation with Significant Interest Retained. - Facts: A Company disposes of its controlling interest in a component of an entity as defined by FASB ASC Master Glossary. The Company retains a minority voting interest directly in the component or it holds a minority voting interest in the buyer of the component. Controlling interest includes those controlling interests established through other means, such as variable interests. Because the Company's voting interest enables it to exert significant influence over the operating and financial policies of the investee, the Company is required by FASB ASC Subtopic 323-10, Investments—Equity Method and Joint Ventures—Overall, to account for its residual investment using the equity method. FN54 - FN54 In some circumstances, the seller's continuing interest may be so great that divestiture accounting is inappropriate. - Question: May the historical operating results of the component and the gain or loss on the sale of the majority interest in the component be classified in the Company's statement of operations as "discontinued operations" pursuant to FASB ASC Subtopic 205-20, Presentation of Financial Statements—Discontinued Operations? - Interpretive Response: No. A condition necessary for discontinued operations reporting, as indicated in FASB ASC paragraph [205-20-45-1](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-1) is that an entity "not have any significant continuing involvement in the operations of the component after the disposal transaction." In these circumstances, the transaction should be accounted for as the disposal of a group of assets that is not a component of an entity and classified within continuing operations pursuant to FASB ASC paragraph [360-10-45-5](https://asc.understandingaccounting.org/asc/360/10/#360-10-45-5) (Property, Plant, and Equipment Topic). FN55 - FN55 However, a plan of disposal that contemplates the transfer of assets to a limited-life entity created for the single purpose of liquidating the assets of a component of an entity would not necessitate classification within continuing operations solely because the registrant retains control or significant influence over the liquidating entity. ##### [205-20-S99-2](https://asc.understandingaccounting.org/asc/205/20/#205-20-S99-2) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:32.088Z to 2026-09-09T22:53:32.088Z Record version: sha256:bfe89dc0fba6e29967c6a91f8db93deadcb8c9bd5b0b8d7c73894d9ba9e4c504 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SAB Topic 5.Z.5, Classification and Disclosure of Contingencies Relating to Discontinued Operations. - Facts: A company disposed of a component of an entity in a previous accounting period. The Company received debt and/or equity securities of the buyer of the component or of the disposed component as consideration in the sale, but this financial interest is not sufficient to enable the Company to apply the equity method with respect to its investment in the buyer. The Company made certain warranties to the buyer with respect to the discontinued business, or remains liable under environmental or other laws with respect to certain facilities or operations transferred to the buyer. The disposition satisfied the criteria of FASB ASC Subtopic 205-20 for presentation as "discontinued operations." The Company estimated the fair value of the securities received in the transaction for purposes of calculating the gain or loss on disposal that was recognized in its financial statements. The results of discontinued operations prior to the date of disposal or classification as held for sale included provisions for the Company's existing obligations under environmental laws, product warranties, or other contingencies. The calculation of gain or loss on disposal included estimates of the Company's obligations arising as a direct result of its decision to dispose of the component, under its warranties to the buyer, and under environmental or other laws. In a period subsequent to the disposal date, the Company records a charge to income with respect to the securities because their fair value declined materially and the Company determined that the decline was other than temporary. The Company also records adjustments of its previously estimated liabilities arising under the warranties and under environmental or other laws. - Question 1: Should the writedown of the carrying value of the securities and the adjustments of the contingent liabilities be classified in the current period's statement of operations within continuing operations or as an element of discontinued operations? - Interpretive Response: Adjustments of estimates of contingent liabilities or contingent assets that remain after disposal of a component of an entity or that arose pursuant to the terms of the disposal generally should be classified within discontinued operations. FN56 However, the staff believes that changes in the carrying value of assets received as consideration in the disposal or of residual interests in the business should be classified within continuing operations. - FN56 Registrants are reminded that FASB ASC Topic 460, Guarantees requires recognition and disclosure of certain guarantees which may impose accounting and disclosure requirements in addition to those discussed in this SAB Topic. - FASB ASC paragraph [205-20-45-4](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-4) requires that "adjustments to amounts previously reported in discontinued operations that are directly related to the disposal of a component of an entity in a prior period shall be classified separately in the current period in discontinued operations." The staff believes that the provisions of FASB ASC paragraph [205-20-45-4](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-4) apply only to adjustments that are necessary to reflect new information about events that have occurred that becomes available prior to disposal of the component of the entity, to reflect the actual timing and terms of the disposal when it is consummated, and to reflect the resolution of contingencies associated with that component, such as warranties and environmental liabilities retained by the seller. - Developments subsequent to the disposal date that are not directly related to the disposal of the component or the operations of the component prior to disposal are not "directly related to the disposal" as contemplated by FASB ASC paragraph [205-20-45-4](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-4). Subsequent changes in the carrying value of assets received upon disposition of a component do not affect the determination of gain or loss at the disposal date, but represent the consequences of management's subsequent decisions to hold or sell those assets. Gains and losses, dividend and interest income, and portfolio management expenses associated with assets received as consideration for discontinued operations should be reported within continuing operations. - Question 2: What disclosures would the staff expect regarding discontinued operations prior to the disposal date and with respect to risks retained subsequent to the disposal date? - Interpretive Response: MD&A FN57 should include disclosure of known trends, events, and uncertainties involving discontinued operations that may materially affect the Company's liquidity, financial condition, and results of operations (including net income) between the date when a component of an entity is classified as discontinued and the date when the risks of those operations will be transferred or otherwise terminated. Disclosure should include discussion of the impact on the Company's liquidity, financial condition, and results of operations of changes in the plan of disposal or changes in circumstances related to the plan. Material contingent liabilities, FN58 such as product or environmental liabilities or litigation, that may remain with the Company notwithstanding disposal of the underlying business should be identified in notes to the financial statements and any reasonably likely range of possible loss should be disclosed pursuant to FASB ASC Topic 450, Contingencies. MD&A should include discussion of the reasonably likely effects of these contingencies on reported results and liquidity. If the Company retains a financial interest in the discontinued component or in the buyer of that component that is material to the Company, MD&A should include discussion of known trends, events, and uncertainties, such as the financial condition and operating results of the issuer of the security, that may be reasonably expected to affect the amounts ultimately realized on the investments. - FN57 Item 303 of Regulation S-K. - FN58 Registrants also should consider the disclosure requirements of FASB ASC Topic 460. ##### [205-20-S99-3](https://asc.understandingaccounting.org/asc/205/20/#205-20-S99-3) Pending content: no Source downloaded (UTC): 2026-09-09T22:53:32.088Z to 2026-09-09T22:53:32.088Z Record version: sha256:4befb490ade05c6c280991fec8d971d7a23ebce48db374ebcec5254e75a177b0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of SEC Observer Comment: Allocation of Interest to Discontinued Operations. - The SEC staff will expect registrants electing to allocate interest in accordance with paragraph [205-20-45-6](https://asc.understandingaccounting.org/asc/205/20/#205-20-45-6) to clearly disclose the accounting policy (including the method of allocation) and the amount allocated to and included in discontinued operations for all periods presented.