# ASC 220-10-45: Income Statement—Reporting Comprehensive Income — Overall — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

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## ASC 220-10-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/220/10/#45-other-presentation-matters)

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#### Reporting Comprehensive Income

##### [220-10-45-1](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-1)

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This Subtopic requires an entity to report [comprehensive income](https://asc.understandingaccounting.org/glossary/c/#comprehensive-income "The change in equity (net assets) of a business entity during a period from transactions and other events and circumstances from nonowner sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Comprehensive income comprises both of the following:All components of net incomeAll components of other comprehensive income.")either in a single continuous financial statement or in two separate but consecutive financial statements.

##### [220-10-45-1A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-1A)

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An entity reporting comprehensive income in a single continuous financial statement shall present its components in two sections, [net income](https://asc.understandingaccounting.org/glossary/n/#net-income "A measure of financial performance resulting from the aggregation of revenues, expenses, gains, and losses that are not items of other comprehensive income. A variety of other terms such as net earnings or earnings may be used to describe net income.") and [other comprehensive income](https://asc.understandingaccounting.org/glossary/o/#other-comprehensive-income "Revenues, expenses, gains, and losses that under generally accepted accounting principles (GAAP) are included in comprehensive income but excluded from net income."). If applicable, an entity shall present the following in that financial statement:

1.  a
    
    A total amount for net income together with the components that make up net income.
    
2.  b
    
    A total amount for other comprehensive income together with the components that make up other comprehensive income. As indicated in paragraph [220-10-15-3](https://asc.understandingaccounting.org/asc/220/10/#220-10-15-3), an entity that has no items of other comprehensive income in any period presented is not required to report comprehensive income.
    
3.  c
    
    Total comprehensive income.

##### [220-10-45-1B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-1B)

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An entity reporting comprehensive income in two separate but consecutive statements shall present the following:

1.  a
    
    Components of and the total for net income in the statement of net income
    
2.  b
    
    Components of and the total for other comprehensive income as well as a total for comprehensive income in the statement of comprehensive income, which shall be presented immediately after the statement of net income. A reporting entity shall begin the second statement with net income.

##### [220-10-45-1C](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-1C)

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An entity shall present, either in a single continuous statement of comprehensive income or in a statement of net income and statement of other comprehensive income, all items that meet the definition of comprehensive income for the period in which those items are recognized. Components included in other comprehensive income shall be classified based on their nature. For related guidance, see paragraphs

[220-10-45-10A through 45-10B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-10A)

.

##### [220-10-45-2](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-2)

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[Paragraph superseded by Accounting Standards Update No. 2011-05](https://asc.understandingaccounting.org/updates/asu-2011-05/).

##### [220-10-45-3](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-3)

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[Paragraph superseded by Accounting Standards Update No. 2011-05](https://asc.understandingaccounting.org/updates/asu-2011-05/).

##### [220-10-45-4](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-4)

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This Subtopic does not require that an entity use the terms _comprehensive income_ or _other comprehensive income_ in its financial statements, even though those terms are used throughout this Subtopic.

##### [220-10-45-5](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-5)

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Paragraph [810-10-50-1A(a)](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-1A) states that, if an entity has an outstanding [noncontrolling interest](https://asc.understandingaccounting.org/glossary/n/#noncontrolling-interest "The portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. A noncontrolling interest is sometimes called a minority interest."), amounts for both net income and comprehensive income attributable to the [parent](https://asc.understandingaccounting.org/glossary/p/#parent "An entity that has a controlling financial interest in one or more subsidiaries. (Also, an entity that is the primary beneficiary of a variable interest entity.)") and net income and comprehensive income attributable to the noncontrolling interest in a less-than-wholly-owned [subsidiary](https://asc.understandingaccounting.org/glossary/s/#subsidiary "An entity, including an unincorporated entity such as a partnership or trust, in which another entity, known as its parent, holds a controlling financial interest. (Also, a variable interest entity that is consolidated by a primary beneficiary.)") shall be reported in the financial statement(s) in which net income and comprehensive income are presented in addition to presenting consolidated net income and comprehensive income. For more guidance, see paragraph [810-10-50-1A(c)](https://asc.understandingaccounting.org/asc/810/10/#810-10-50-1A).

##### [220-10-45-6](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-6)

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[Paragraph superseded by Accounting Standards Update No. 2011-05](https://asc.understandingaccounting.org/updates/asu-2011-05/).

##### [220-10-45-7](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-7)

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Items included in net income are presented in various components. Those components can include items of income from continuing operations and discontinued operations. This Subtopic does not change those components or other requirements for reporting the results of operations included in net income.

##### [220-10-45-7A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-7A)

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Net income shall reflect all items of profit and loss recognized during the period with the sole exception of error corrections as addressed in Topic 250. However, the requirement that net income be presented as one amount does not apply to the following entities that have developed income statements with formats different from those of the typical commercial entity:

1.  a
    
    Investment companies
    
2.  b
    
    Insurance entities
    
3.  c
    
    Certain not-for-profit entities (NFPs).

##### [220-10-45-8](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-8)

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[Paragraphs 220-10-45-8 through 45-10 superseded by Accounting Standards Update No. 2011-05](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-8).

##### [220-10-45-10A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-10A)

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Items of other comprehensive income include the following:

1.  a
    
    Foreign currency translation adjustments (see paragraph [830-30-45-12](https://asc.understandingaccounting.org/asc/830/30/#830-30-45-12))
    
2.  b
    
    Gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity, commencing as of the designation date (see paragraph [830-20-35-3(a)](https://asc.understandingaccounting.org/asc/830/20/#830-20-35-3))
    
3.  c
    
    Gains and losses on intra-entity foreign currency transactions that are of a long-term-investment nature (that is, settlement is not planned or anticipated in the foreseeable future), when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting entity's financial statements (see paragraph [830-20-35-3(b)](https://asc.understandingaccounting.org/asc/830/20/#830-20-35-3))
    
4.  d
    
    Gains and losses on derivative instruments that are designated as, and qualify as, cash flow hedges (see paragraph [815-20-35-1(c)](https://asc.understandingaccounting.org/asc/815/20/#815-20-35-1))
    
5.  dd
    
    For derivatives that are designated in qualifying hedging relationships, the difference between changes in fair value of the excluded components and the initial value of the excluded components recognized in earnings under a systematic and rational method in accordance with paragraphs [815-20-25-83A](https://asc.understandingaccounting.org/asc/815/20/#815-20-25-83A) and [815-35-35-5A](https://asc.understandingaccounting.org/asc/815/35/#815-35-35-5A)
    
6.  e
    
    Unrealized [holding gains and losses](https://asc.understandingaccounting.org/glossary/h/#holding-gain-or-loss "The net change in fair value of a security. The holding gain or loss does not include dividend or interest income recognized but not yet received, writeoffs, or the allowance for credit losses.") on available-for-sale debt securities (see paragraph [326-30-35-2](https://asc.understandingaccounting.org/asc/326/30/#326-30-35-2))
    
7.  f
    
    Unrealized holding gains and losses that result from a debt security being transferred into the available-for-sale category from the held-to-maturity category (see paragraph [320-10-35-10(c)](https://asc.understandingaccounting.org/asc/320/10/#320-10-35-10))
    
8.  g
    
    [Subparagraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/).
    
9.  h
    
    [Subparagraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/).
    
10.  i
     
     Gains or losses associated with pension or other postretirement benefits (that are not recognized immediately as a component of net periodic benefit cost) (see paragraph [715-20-50-1(j)](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1))
     
11.  j
     
     Prior service costs or credits associated with pension or other postretirement benefits (see paragraph [715-20-50-1(j)](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1))
     
12.  k
     
     Transition assets or obligations associated with pension or other postretirement benefits (that are not recognized immediately as a component of net periodic benefit cost) (see paragraph [715-20-50-1(j)](https://asc.understandingaccounting.org/asc/715/20/#715-20-50-1)).
     
13.  l
     
     Changes in fair value attributable to instrument-specific credit risk of liabilities for which the fair value option is elected (see paragraph [825-10-45-5](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-5)).
     
14.  m
     
     The effect of changes in the discount rates used to measure traditional and limited-payment long-duration insurance contracts (see paragraph [944-40-35-6A(b)(1)](https://asc.understandingaccounting.org/asc/944/40/#944-40-35-6A)).
     
15.  n
     
     The effect of changes in the fair value of a [market risk benefit](https://asc.understandingaccounting.org/glossary/m/#market-risk-benefit "A contract or contract feature in a long-duration contract issued by an insurance entity that both protects the contract holder from other-than-nominal capital market risk and exposes the insurance entity to other-than-nominal capital market risk.") attributable to a change in the instrument-specific credit risk (see paragraph [944-40-35-8A](https://asc.understandingaccounting.org/asc/944/40/#944-40-35-8A)).
     

Additional classifications or additional items within current classifications may result from future accounting standards.

##### [220-10-45-10B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-10B)

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None of the following items qualify as an item of comprehensive income:

1.  a
    
    Changes in equity during a period resulting from investments by owners and distributions to owners
    
2.  b
    
    Items required to be reported as direct adjustments to paid-in capital, retained earnings, or other nonincome equity accounts such as the following types of transactions:
    
    1.  1
        
        A reduction of shareholders' equity related to employee stock ownership plans (see paragraph [718-740-25-5](https://asc.understandingaccounting.org/asc/718/740/#718-740-25-5))
        
    2.  2
        
        Recognition of tax benefits related to deductible temporary differences and carryforwards arising from a quasi-reorganization as defined in Subtopic 852-20 (see paragraph [852-740-45-3](https://asc.understandingaccounting.org/asc/740/852/#740-852-45-3))
        
    3.  3
        
        Net cash settlement resulting from a change in value of a contract that gives the entity a choice of net cash settlement or settlement in its own shares (see paragraph [815-40-25-4(b)(2)](https://asc.understandingaccounting.org/asc/815/40/#815-40-25-4)).

#### Presentation of Income Tax Effects

##### [220-10-45-11](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-11)

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An entity shall present components of other comprehensive income in the statement in which other comprehensive income is reported either net of related tax effects or before related tax effects with one amount shown for the aggregate income tax expense or benefit related to the total of other comprehensive income items.

##### [220-10-45-12](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12)

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An entity shall present the amount of income tax expense or benefit allocated to each component of other comprehensive income, including [reclassification adjustments](https://asc.understandingaccounting.org/glossary/r/#reclassification-adjustments "Adjustments made to avoid double counting in comprehensive income items that are displayed as part of net income for a period that also had been displayed as part of other comprehensive income in that period or earlier periods."), in the statement in which those components are presented or disclose it in the notes to financial statements. Example 1 (see paragraphs [220-10-55-7 through 55-8B](https://asc.understandingaccounting.org/asc/220/10/#220-10-55-7)) illustrates the alternative formats for disclosing the tax effects related to the components of other comprehensive income. (See paragraph [220-10-50-4](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-4).)

##### [220-10-45-12A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12A)

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H.R.1, An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018 (Tax Cuts and Jobs Act), reduced the U.S. federal corporate income tax rate and made other changes to U.S. federal tax law. An entity may elect to reclassify the income tax effects of the Tax Cuts and Jobs Act on items within accumulated other comprehensive income to retained earnings. If an entity does not elect to reclassify the income tax effects of the Tax Cuts and Jobs Act, it shall provide the disclosures in paragraph [220-10-50-3](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-3). If an entity elects to reclassify the income tax effects of the Tax Cuts and Jobs Act, the amount of that reclassification shall include the following:

1.  a
    
    The effect of the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts and related valuation allowances, if any, at the date of enactment of the Tax Cuts and Jobs Act related to items remaining in accumulated other comprehensive income. The effect of the change in the U.S. federal corporate income tax rate on gross valuation allowances that were originally charged to income from continuing operations shall not be included.
    
2.  b
    
    Other income tax effects of the Tax Cuts and Jobs Act on items remaining in accumulated other comprehensive income that an entity elects to reclassify, subject to the disclosures in paragraph [220-10-50-2(b)](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-2).

##### [220-10-45-13](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-13)

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[Paragraph superseded by Accounting Standards Update No. 2011-05](https://asc.understandingaccounting.org/updates/asu-2011-05/).

##### [220-10-45-14](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14)

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The total of other comprehensive income for a period shall be transferred to a component of equity that is presented separately from retained earnings and additional paid-in capital in a statement of financial position at the end of an accounting period. A descriptive title such as accumulated other comprehensive income shall be used for that component of equity.

##### [220-10-45-14A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14A)

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An entity shall present, either on the face of the financial statements or as a separate disclosure in the notes, the changes in the accumulated balances for each component of other comprehensive income included in that separate component of equity, as required in paragraph [220-10-45-14](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14). In addition to the presentation of changes in accumulated balances, an entity shall present separately for each component of other comprehensive income, current period reclassifications out of accumulated other comprehensive income and other amounts of current-period other comprehensive income. Both before-tax and net-of-tax presentations are permitted provided the entity complies with the requirements in paragraph [220-10-45-12](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12). Paragraph [220-10-55-15](https://asc.understandingaccounting.org/asc/220/10/#220-10-55-15) illustrates the disclosure of changes in accumulated balances for components of other comprehensive income as a separate disclosure in the notes to financial statements. (See paragraph [220-10-50-5](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-5).)

#### Reclassification Adjustments

##### [220-10-45-15](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-15)

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Reclassification adjustments shall be made to avoid double counting of items in comprehensive income that are presented as part of net income for a period that also had been presented as part of other comprehensive income in that period or earlier periods. For example, gains on investment securities that were realized and included in net income of the current period that also had been included in other comprehensive income as unrealized holding gains in the period in which they arose must be deducted through other comprehensive income of the period in which they are included in net income to avoid including them in comprehensive income twice (see paragraph [320-10-40-2](https://asc.understandingaccounting.org/asc/320/10/#320-10-40-2)). Example 3 (see paragraphs

[220-10-55-18 through 55-27](https://asc.understandingaccounting.org/asc/220/10/#220-10-55-18)

) illustrates the presentation of reclassification adjustments in accordance with this paragraph.

##### [220-10-45-16](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-16)

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An entity shall determine reclassification adjustments for each component of other comprehensive income. The requirement for a reclassification adjustment for foreign currency translation adjustments is limited to translation gains and losses realized upon sale or upon complete or substantially complete liquidation of an investment in a foreign entity (see paragraphs [830-30-40-1 through 40-1A](https://asc.understandingaccounting.org/asc/830/30/#830-30-40-1)).

##### [220-10-45-16A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-16A)

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[Paragraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/).

##### [220-10-45-17](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17)

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An entity shall separately provide information about the effects on net income of significant amounts reclassified out of each component of accumulated other comprehensive income if those amounts all are required under other Topics to be reclassified to net income in their entirety in the same reporting period. An entity shall provide this information together, in one location, in either of the following ways:

1.  a
    
    On the face of the statement where net income is presented
    
2.  b
    
    As a separate disclosure in the notes to financial statements.
    

Paragraph [220-10-45-17A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17A) describes the information requirements for presentation on the face of the statements where net income is presented, and paragraph [220-10-50-6](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-6) describes the information requirements for disclosure in the notes to financial statements.

##### [220-10-45-17A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17A)

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If an entity chooses to present information about the effects of significant amounts reclassified out of accumulated other comprehensive income on net income, on the face of the statement where net income is presented, the entity shall present parenthetically by component of other comprehensive income the effect of significant reclassification amounts on the respective line items of net income. An entity also shall present parenthetically the aggregate tax effect of all significant reclassifications on the line item for income tax benefit or expense in the statement where net income is presented. However, if an entity chooses to use a separate line item or items in the income statement to present significant pension cost components or other postretirement benefit cost components reclassified out of accumulated other comprehensive income, it shall no longer be required to present those pension cost components or other postretirement benefit cost components parenthetically. If an entity is unable to identify the line item of net income affected by any significant amount reclassified out of accumulated other comprehensive income in a reporting period (including when all reclassifications for the period are not to net income in their entirety), the entity must follow the guidance in paragraph [220-10-50-6](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-6). Paragraph [220-10-55-17F](https://asc.understandingaccounting.org/asc/220/10/#220-10-55-17F) provides an example of presentation of the effect of reclassification on the face of the statement where net income is presented.

##### [220-10-45-17B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17B)

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[Paragraph superseded by Accounting Standards Update No. 2020-10](https://asc.understandingaccounting.org/updates/asu-2020-10/).

#### Interim-Period Reporting

##### [220-10-45-18](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-18)

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Subtopic 270-10 clarifies the application of accounting principles and reporting practices to interim financial information, including interim financial statements and summarized interim financial data of publicly traded companies issued for external reporting purposes. An entity shall report a total for comprehensive income in condensed financial statements of interim periods in a single continuous statement or in two consecutive statements.

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)Subtopic 270-10explains the application of accounting principles and reporting practices to interim financial statements and notes in accordance with generally accepted accounting principles. An entity shall report a total for comprehensive income in [condensed statements](https://asc.understandingaccounting.org/glossary/c/#condensed-statements "(P) December 16, 2027; (N) December 16, 2028 270-10-65-1 Financial statements that are presented at a level that is more aggregated than the annual financial statements or have limited notes subject to the disclosure requirements in Topic 270 or both. (U.S. Securities and Exchange Commission [SEC] registrants are required to consider the guidance in paragraph 270-10-S45-2. See Regulation S-X Rule 10-01 [17 CFR 210.10-01] and Regulation S-X Rule 8-03 [17 CFR 210.8-03].)")of interim periods in a single continuous statement or in two consecutive statements.

##### [220-10-45-18A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-18A)

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[Publicly traded companies](https://asc.understandingaccounting.org/glossary/p/#publicly-traded-company "A publicly traded company includes any company whose securities trade in a public market on either of the following: A stock exchange (domestic or foreign) In the over-the-counter market (including securities quoted only locally or regionally), or any company that is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). Additionally, when a company is required to file or furnish financial statements with the SEC or makes a filing with a regulatory agency in preparation for sale of its securities in a public market it is considered a publicly traded company for this purpose. Conduit debt securities refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing financing for a specific third party (the conduit bond obligor) that is not a part of the state or local government's financial reporting entity. Although conduit debt securities bear the name of the governmental entity that issues them, the governmental entity often has no obligation for such debt beyond the resources provided by a lease or loan agreement with the third party on whose behalf the securities are issued. Further, the conduit bond obligor is responsible for any future financial reporting requirements.") must meet the reporting requirements in this Subtopic at each reporting period. Companies shall follow the guidance in Subtopic 270-10 for the level of detail required for condensed financial statements for interim-period financial statements.

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)[Publicly traded companies](https://asc.understandingaccounting.org/glossary/p/#publicly-traded-company "A publicly traded company includes any company whose securities trade in a public market on either of the following: A stock exchange (domestic or foreign) In the over-the-counter market (including securities quoted only locally or regionally), or any company that is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). Additionally, when a company is required to file or furnish financial statements with the SEC or makes a filing with a regulatory agency in preparation for sale of its securities in a public market it is considered a publicly traded company for this purpose. Conduit debt securities refers to certain limited-obligation revenue bonds, certificates of participation, or similar debt instruments issued by a state or local governmental entity for the express purpose of providing financing for a specific third party (the conduit bond obligor) that is not a part of the state or local government's financial reporting entity. Although conduit debt securities bear the name of the governmental entity that issues them, the governmental entity often has no obligation for such debt beyond the resources provided by a lease or loan agreement with the third party on whose behalf the securities are issued. Further, the conduit bond obligor is responsible for any future financial reporting requirements.") must meet the reporting requirements in this Subtopic at each reporting period. All entities shall follow the guidance in Subtopic 270-10 for the level of detail required for condensed statements for interim-period financial statements.

##### [220-10-45-18B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-18B)

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[Nonpublic entities](https://asc.understandingaccounting.org/glossary/n/#nonpublic-entity "Any entity that does not meet any of the following conditions: Its debt or equity securities trade in a public market either on a stock exchange (domestic or foreign) or in an over-the-counter market, including securities quoted only locally or regionally. It is a conduit bond obligor for conduit debt securities that are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local or regional markets). It files with a regulatory agency in preparation for the sale of any class of debt or equity securities in a public market. It is required to file or furnish financial statements with the Securities and Exchange Commission. It is controlled by an entity covered by criteria (a) through (d).") must meet the reporting requirements in this Subtopic at each reporting period, except for the requirements in paragraphs [220-10-45-17 through 45-17B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17). Nonpublic entities are not required to meet the requirements in paragraphs 220-10-45-17 through 45-17B for interim reporting periods but are required to meet them for annual reporting periods.