# ASC 220-10-50: Income Statement—Reporting Comprehensive Income — Overall — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/220/10/#50-disclosure) 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): 2026-09-09T23:03:35.373Z to 2026-09-09T23:03:35.373Z Record version: sha256:7608d983d80eadd006b164d7e6c8fb25cc4c428bba9b08c37c7ac0b1c6e84471 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/220/10/#50-disclosure) SEC content: no #### Disclosing Changes and Certain Income Tax Effects within Accumulated Other Comprehensive Income ##### [220-10-50-1](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:03:35.373Z to 2026-09-09T23:03:35.373Z Record version: sha256:a10052a6381df82f9c5e41186849ae28e9969f8f476b7e95845b942802f4dadf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose a description of the accounting policy for releasing income tax effects from accumulated other comprehensive income. ##### [220-10-50-2](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-2) Pending content: yes Source downloaded (UTC): 2026-09-09T23:03:35.373Z to 2026-09-09T23:03:35.373Z Record version: sha256:ed7dc5ef455c91a820625830c3f5ca7580b318ef2ea39d653214cb35158d3cdd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that elects to reclassify the income tax effects of 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), in accordance with paragraph [220-10-45-12A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12A) shall disclose in the period of adoption both of the following: 1. a A statement that an election was made to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings 2. b A description of other income tax effects related to the application of the Tax Cuts and Jobs Act that are reclassified from accumulated other comprehensive income to retained earnings, if any (see paragraph [220-10-45-12A(b)](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12A)). 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)[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [220-10-50-3](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-3) Pending content: yes Source downloaded (UTC): 2026-09-09T23:03:35.373Z to 2026-09-09T23:03:35.373Z Record version: sha256:0eb4e04e94df5f22126d93ca756dbd35af94798bdff5fa4a53b8bd805fcfd0a2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity that does not elect to reclassify the income tax effects of the Tax Cuts and Jobs Act in accordance with paragraph [220-10-45-12A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12A) shall disclose in the period of adoption a statement that an election was not made to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. 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)[Paragraph superseded by Accounting Standards Update No. 2025-11.](https://asc.understandingaccounting.org/updates/asu-2025-11/) ##### [220-10-50-4](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-4) Pending content: yes Source downloaded (UTC): 2026-09-09T23:03:35.373Z to 2026-09-09T23:03:35.373Z Record version: sha256:0de8f4c336e177de7185cca8307e2f6a83b20ea5a1bc0dd69ec33b75c900020a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 [220-10-45-12](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12).) 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 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 [220-10-45-12](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-12).) ##### [220-10-50-5](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-5) Pending content: yes Source downloaded (UTC): 2026-09-09T23:03:35.373Z to 2026-09-09T23:03:35.373Z Record version: sha256:19d8542e27666eb5fbbeee838a788b793bfcf31fe7206b3de02c521bf96c2dfb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 [220-10-45-14A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14A).) 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 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 [220-10-45-14A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14A).) ##### [220-10-50-6](https://asc.understandingaccounting.org/asc/220/10/#220-10-50-6) Pending content: yes Source downloaded (UTC): 2026-09-09T23:03:35.373Z to 2026-09-09T23:03:35.373Z Record version: sha256:f0e9c17d408958518c9dd8dd2fd2bafc632e26a8bd83cff842935a507e7518b3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity chooses to disclose information about significant amounts reclassified out of accumulated other comprehensive income in the notes to financial statements or is required to do so by paragraph [220-10-45-17A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17A), it shall disclose the significant amounts by each component of accumulated other comprehensive income and provide a subtotal of each component of comprehensive income. The subtotals for each component shall agree with the requirements in paragraph [220-10-45-14A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14A). 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). For each significant reclassification amount, the entity shall identify, for those amounts that are required under other Topics to be reclassified to net income in their entirety in the same reporting period, each line item affected by the reclassification on the statement where net income is presented. For any significant reclassification for which other Topics do not require that reclassification to net income in its entirety in the same reporting period, the entity shall cross-reference to the note where additional details about the effect of the reclassifications are disclosed. Paragraph [220-10-55-17E](https://asc.understandingaccounting.org/asc/220/10/#220-10-55-17E) provides an example of a note presentation in a tabular format of the effect of reclassifications out of accumulated other comprehensive income. (See paragraph [220-10-45-17B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17B).) 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 chooses to disclose information about significant amounts reclassified out of accumulated other comprehensive income in the notes to interim and annual financial statements or is required to do so by paragraph [220-10-45-17A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17A), it shall disclose the significant amounts by each component of accumulated other comprehensive income and provide a subtotal of each component of comprehensive income. The subtotals for each component shall agree with the requirements in paragraph [220-10-45-14A](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-14A). 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). For each significant reclassification amount, the entity shall identify, for those amounts that are required under other Topics to be reclassified to net income in their entirety in the same reporting period, each line item affected by the reclassification on the statement where net income is presented. For any significant reclassification for which other Topics do not require that reclassification to net income in its entirety in the same reporting period, the entity shall cross-reference to the note where additional details about the effect of the reclassifications are disclosed. Paragraph [220-10-55-17E](https://asc.understandingaccounting.org/asc/220/10/#220-10-55-17E) provides an example of a note presentation in a tabular format of the effect of reclassifications out of accumulated other comprehensive income. (See paragraph [220-10-45-17B](https://asc.understandingaccounting.org/asc/220/10/#220-10-45-17B).)