{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/220/","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","number":"220","title":"Income Statement—Reporting Comprehensive Income","area":"Presentation","group":null,"subtopics":[{"number":"220-10","topic":"220","title":"Overall","area":"Presentation","paragraphs":118,"summary":"ASC 220-10 governs how an entity presents comprehensive income — net income plus other comprehensive income (OCI) — in a full set of general-purpose financial statements. Comprehensive income must be reported either in a single continuous statement or in two separate but consecutive statements (net income first, then OCI beginning with net income), with totals for net income, OCI, and comprehensive income (220-10-45-1 through 45-1B). The Subtopic addresses only presentation and disclosure; it does not specify when to recognize or how to measure the items making up comprehensive income (220-10-25-1; 220-10-30-1).","concepts":["comprehensive income","other comprehensive income","accumulated other comprehensive income","reclassification adjustment","single continuous statement","two consecutive statements","tax effects allocated to oci components","nonowner changes in equity"],"categories":["Presentation","Disclosure","Financial statement presentation","Income taxes"],"level":"intermediate","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-10-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Available-for-Sale SecuritiesAddedAccounting Standards Update No. 2016-1306/16/2016
Comprehensive IncomeAmendedAccounting Standards Update No. 2011-0506/16/2011
Condensed StatementsAddedAccounting Standards Update No. 2025-1112/08/2025
Conduit Debt SecurityAddedMaintenance Update 2014-20 (PDF)09/29/2014
Debt Security (1st def.)AmendedAccounting Standards Update No. 2016-1912/14/2016
Debt Security (1st def.)AddedAccounting Standards Update No. 2016-1306/16/2016
Holding Gain or LossAddedAccounting Standards Update No. 2016-1306/16/2016
Market Risk BenefitAddedAccounting Standards Update No. 2018-1208/15/2018
Nonpublic Entity (Def. 1)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic EntityAddedAccounting Standards Update No. 2011-0506/16/2011
220-10-05-1AmendedMaintenance Update 2017-19 (PDF)11/15/2017
220-10-05-1AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-05-2 through 05-5
AddedMaintenance Update 2017-19 (PDF)11/15/2017
220-10-05-6AddedAccounting Standards Update No. 2024-0311/04/2024
220-10-10-2AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-15-1AmendedMaintenance Update 2017-19 (PDF)11/15/2017
220-10-15-2AmendedMaintenance Update 2017-19 (PDF)11/15/2017
220-10-15-2AmendedAccounting Standards Update No. 2012-0410/01/2012
220-10-15-3AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-15-4SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-15-5AddedMaintenance Update 2017-19 (PDF)11/15/2017
220-10-25-1AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-30-1AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-35-1AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-1AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-1A through 45-1C
AddedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-1BAmendedAccounting Standards Update No. 2012-0410/01/2012
220-10-45-2SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-45-3SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-45-4AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-5AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-6SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-45-7AmendedAccounting Standards Update No. 2015-0101/09/2015
220-10-45-7AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-7AAddedMaintenance Update 2017-19 (PDF)11/15/2017
220-10-45-8 through 45-10SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-45-10AAmendedAccounting Standards Update No. 2018-1208/15/2018
220-10-45-10AAmendedAccounting Standards Update No. 2017-1208/28/2017
220-10-45-10AAmendedAccounting Standards Update No. 2016-1306/16/2016
220-10-45-10AAmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-45-10AAddedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-10BAmendedAccounting Standards Update No. 2018-0907/16/2018
220-10-45-10BAddedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-11AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-12AmendedAccounting Standards Update No. 2020-1010/29/2020
220-10-45-12AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-12AAddedAccounting Standards Update No. 2018-0202/14/2018
220-10-45-13SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-45-14AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-14AAmendedAccounting Standards Update No. 2020-1010/29/2020
220-10-45-14AAmendedAccounting Standards Update No. 2013-0202/05/2013
220-10-45-14AAddedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-15AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-16AmendedMaintenance Update 2018-12 (PDF)09/10/2018
220-10-45-16AmendedAccounting Standards Update No. 2013-0503/04/2013
220-10-45-16AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-16ASupersededAccounting Standards Update No. 2016-1306/16/2016
220-10-45-17AmendedAccounting Standards Update No. 2020-1010/29/2020
220-10-45-17AmendedAccounting Standards Update No. 2013-0202/05/2013
220-10-45-17AmendedAccounting Standards Update No. 2011-1212/23/2011
220-10-45-17AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-17AAmendedAccounting Standards Update No. 2020-1010/29/2020
220-10-45-17AAmendedAccounting Standards Update No. 2017-0703/10/2017
220-10-45-17AAddedAccounting Standards Update No. 2013-0202/05/2013
220-10-45-17BSupersededAccounting Standards Update No. 2020-1010/29/2020
220-10-45-17BAmendedAccounting Standards Update No. 2017-0703/10/2017
220-10-45-17BAddedAccounting Standards Update No. 2013-0202/05/2013
220-10-55-17EAmendedAccounting Standards Update No. 2017-0703/10/2017
220-10-45-18AmendedAccounting Standards Update No. 2025-1112/08/2025
220-10-45-18AmendedAccounting Standards Update No. 2011-1212/23/2011
220-10-45-18AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-45-18AAmendedAccounting Standards Update No. 2025-1112/08/2025
220-10-45-18AAddedAccounting Standards Update No. 2013-0202/05/2013
220-10-45-18BAddedAccounting Standards Update No. 2013-0202/05/2013
220-10-50-1AmendedAccounting Standards Update No. 2020-1010/29/2020
220-10-50-1 through 50-3
AddedAccounting Standards Update No. 2018-0202/14/2018
220-10-50-2SupersededAccounting Standards Update No. 2025-1112/08/2025
220-10-50-3SupersededAccounting Standards Update No. 2025-1112/08/2025
220-10-50-4 through 50-6
AmendedAccounting Standards Update No. 2025-1112/08/2025
220-10-50-4 through 50-6
AddedAccounting Standards Update No. 2020-1010/29/2020
220-10-55-1AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-2SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-55-3SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-55-4 through 55-8
AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-5AmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-7AmendedAccounting Standards Update No. 2025-1212/17/2025
220-10-55-7 through 55-8AAmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-7AmendedAccounting Standards Update No. 2015-0101/09/2015
220-10-55-7AmendedAccounting Standards Update No. 2011-1212/23/2011
220-10-55-8AmendedAccounting Standards Update No. 2015-0101/09/2015
220-10-55-8AmendedAccounting Standards Update No. 2011-1212/23/2011
220-10-55-8AAddedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-8BAddedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-9AmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-9AmendedAccounting Standards Update No. 2015-0101/09/2015
220-10-55-9AmendedAccounting Standards Update No. 2011-1212/23/2011
220-10-55-9AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-10SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-55-10AAmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-10AAddedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-11AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-12AmendedAccounting Standards Update No. 2012-0410/01/2012
220-10-55-12AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-12AmendedAccounting Standards Update No. 2009-0207/01/2009
220-10-55-13SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-55-13AmendedAccounting Standards Update No. 2009-0207/01/2009
220-10-55-14SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-55-15AmendedAccounting Standards Update No. 2020-1010/29/2020
220-10-55-15 through 55-15CAmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-15AmendedAccounting Standards Update No. 2013-0202/05/2013
220-10-55-15AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-15A through 55-15C
AddedAccounting Standards Update No. 2013-0202/05/2013
220-10-55-15BAmendedAccounting Standards Update No. 2016-1306/16/2016
220-10-55-15CAmendedAccounting Standards Update No. 2018-1208/15/2018
220-10-55-16AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-17SupersededAccounting Standards Update No. 2011-0506/16/2011
220-10-55-17A through 55-17F
AddedAccounting Standards Update No. 2013-0202/05/2013
220-10-55-17CAmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-17EAmendedAccounting Standards Update No. 2020-1010/29/2020
220-10-55-17EAmendedMaintenance Update 2016-11 (PDF)06/27/2016
220-10-55-17EAmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-17FAmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-18AmendedAccounting Standards Update No. 2011-1212/23/2011
220-10-55-18AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-55-19AmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-20AmendedAccounting Standards Update No. 2016-0101/05/2016
220-10-55-21 through 55-23
SupersededAccounting Standards Update No. 2016-0101/05/2016
220-10-55-25AmendedAccounting Standards Update No. 2011-0506/16/2011
220-10-65-1AmendedAccounting Standards Update No. 2011-1212/23/2011
220-10-65-1AddedAccounting Standards Update No. 2011-0506/16/2011
220-10-65-2AddedAccounting Standards Update No. 2011-1212/23/2011
220-10-65-3AddedAccounting Standards Update No. 2013-0202/05/2013
220-10-65-4AddedAccounting Standards Update No. 2018-0202/14/2018
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The Income Statement—Reporting Comprehensive Income Topic establishes standards for reporting and presentation of comprehensive income and its components in a full set of general-purpose financial statements. The Income Statement—Reporting Comprehensive Income Topic includes the following Subtopics:
  1. a
    Overall
  2. b
    Unusual or Infrequently Occurring Items
  3. c
    Business Interruption Insurance.
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Each Subtopic in the Income Statement—Reporting Comprehensive Income Topic contains standalone guidance. There is no relationship between the individual Subtopics within this Topic. Each Subtopic provides presentation and disclosure guidance for the income statement matter indicated by the Subtopic title.
","snippet":"Each Subtopic in the Income Statement—Reporting Comprehensive Income Topic contains standalone guidance. There is no relationship between the individual Subtopics within this Topic. Each Subtopic provides presentation an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d463502bf3e3d7132c9be7039fd86bca2932f1da37d2ef5425a226a5c1d0552c","downloaded_from":"2026-09-09T23:03:12.637Z","last_downloaded_at":"2026-09-09T23:03:12.637Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482772","source_sha256":"cd851637a1652a63ff1b043574c950ac581e27abf735f6ad1e7a60b6c810b627"}},{"citation":"220-10-05-3","para":"05-3","html":"
The Overall Subtopic provides general comprehensive income statement guidance. It also provides guidance on the structure of the Topic.
","snippet":"The Overall Subtopic provides general comprehensive income statement guidance. It also provides guidance on the structure of the Topic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d9966af74c722eb2b8617ef057452b7b33e75dc0ccd32c576e2c4e2cb8db2e92","downloaded_from":"2026-09-09T23:03:12.637Z","last_downloaded_at":"2026-09-09T23:03:12.637Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482772","source_sha256":"cd851637a1652a63ff1b043574c950ac581e27abf735f6ad1e7a60b6c810b627"}},{"citation":"220-10-05-4","para":"05-4","html":"
Subtopic 220-20 provides guidance about the presentation and disclosure of unusual or infrequently occurring items.
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Subtopic 220-30 provides guidance on proceeds from business interruption insurance.
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Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Subtopic 220-40 provides guidance on expense disaggregation disclosures and selling expenses disclosures.
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The purpose of reporting comprehensive income is to report a measure of all changes in equity of an entity that result from recognized transactions and other economic events of the period other than transactions with owners in their capacity as owners.
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If used with related disclosures and other information in the financial statements, the information provided by reporting comprehensive income should assist investors, creditors, and others in assessing an entity's activities and an entity's future cash flows.
","snippet":"If used with related disclosures and other information in the financial statements, the information provided by reporting comprehensive income should assist investors, creditors, and others in assessing an entity's activ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32d817dd11e175146c542762e2a609a795635e580294a575ca93365ea0151e50","downloaded_from":"2026-09-09T23:03:15.647Z","last_downloaded_at":"2026-09-09T23:03:15.647Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482747","source_sha256":"9671deb2fd08cd3479b9559658b4b581a7cc2180a851af9ef687291f2c83d2b9"}},{"citation":"220-10-10-3","para":"10-3","html":"
Although total comprehensive income is a useful measure, information about the components that make up comprehensive income also is needed. A single focus on total comprehensive income is likely to result in a limited understanding of an entity's activities. Information about the components of comprehensive income often may be more important than the total amount of comprehensive income.
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The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Income Statement—Reporting Comprehensive Income Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Income Statement—Reporting Comprehensive Income Topic.
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Except as noted in the following paragraph, the guidance in the Income Statement—Reporting Comprehensive Income Topic applies to all entities, including:
  1. a
    Entities that provide a full set of financial statements that report financial position, results of operations, and cash flows
  2. b
    Investment companies, defined benefit pension plans, and other employee benefit plans that are exempt from the requirement to provide a statement of cash flows by paragraph 230-10-15-4.
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The guidance in this Topic does not apply to the following entities:
  1. a
    An entity that has no items of other comprehensive income in any period presented. In such cases, the entity is not required to report other comprehensive income or comprehensive income. See paragraph 220-10-45-10A for items that are required to be reported as other comprehensive income.
  2. b
    A not-for-profit entity (NFP) that is required to follow the provisions of Subtopic 958-205.
","snippet":"The guidance in this Topic does not apply to the following entities:\n(a) An entity that has no items of other comprehensive income in any period presented. In such cases, the entity is not required to report other compre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8d693a4aa4048d34d6f31a81f9c98dfdf5f22550b93f35ca05007293706519d","downloaded_from":"2026-09-09T23:03:18.992Z","last_downloaded_at":"2026-09-09T23:03:18.992Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482917","source_sha256":"ce83a982f84281cbfcc2d4915ea863597e0014f6529502373bc201478791a3c9"}},{"citation":"220-10-15-4","para":"15-4","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
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The guidance in the Income Statement—Reporting Comprehensive Income Topic applies to general-purpose statements that purport to present results of operations in conformity with generally accepted accounting principles (GAAP).
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This Subtopic does not specify when to recognize the items that make up comprehensive income.
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This Subtopic does not specify how to measure the items that make up comprehensive income.
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Paragraph 220-10-30-1 states that this Subtopic does not specify how to measure the items that make up comprehensive income.
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This Subtopic requires an entity to report comprehensive incomeeither in a single continuous financial statement or in two separate but consecutive financial statements.
","snippet":"This Subtopic requires an entity to report comprehensive incomeeither in a single continuous financial statement or in two separate but consecutive financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:208af8bc689cfbd2ea9668f240e4e94640e86c41ed3a0bab585377852b5d9ce0","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-1A","para":"45-1A","html":"
An entity reporting comprehensive income in a single continuous financial statement shall present its components in two sections, net income and other comprehensive 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, 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.
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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.
","snippet":"An entity reporting comprehensive income in two separate but consecutive statements shall present the following:\n(a) Components of and the total for net income in the statement of net income\n(b) Components of and the tot…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6d7120db2eab939f407256b40537daf8558f58075c562e5d664786849923fcf","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-1C","para":"45-1C","html":"
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
.
","snippet":"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 in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b8e78ec9ac7b0991202950a820bf5c45f5cec888f017417a2f3f470d692d50b","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-2","para":"45-2","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2011-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97955aba99fb161dfc7eb5e579b2643f09e0426c7680792423beda08896a24c9","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-3","para":"45-3","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2011-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1416573be3a4728ce12bf3ff962e416f912c077c5631d9d85b5dbc34b2e40ec1","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-4","para":"45-4","html":"
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.
","snippet":"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.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9acfe21c610f86ca480e27371e59b6a903b72edaa6b56f427fe84c085c8e900a","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-5","para":"45-5","html":"
Paragraph 810-10-50-1A(a) states that, if an entity has an outstanding noncontrolling interest, amounts for both net income and comprehensive income attributable to the parent and net income and comprehensive income attributable to the noncontrolling interest in a less-than-wholly-owned subsidiary 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).
","snippet":"Paragraph 810-10-50-1A(a) states that, if an entity has an outstanding noncontrolling interest, amounts for both net income and comprehensive income attributable to the parent and net income and comprehensive income attr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ce13e06bf5d95c6f4d9e8ead31e8472e055106608383a9f4af981a618b96bb1","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-6","para":"45-6","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2011-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cd3e1d67087054442bbf25a9bd538f2e51b223d6b915991802fb420ec763363f","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-7","para":"45-7","html":"
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.
","snippet":"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 oth…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f5d733189ad4968677b7b636c2499ea80e206502a37e5df1302f34a4519649e","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-7A","para":"45-7A","html":"
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).
","snippet":"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 amou…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2150b98f8b7fb0d525e7d2d43b94c06cd95a57ef8409b5a018609559dd9c1363","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-8","para":"45-8","html":"
Paragraphs 220-10-45-8 through 45-10 superseded by Accounting Standards Update No. 2011-05.
","snippet":"Paragraphs 220-10-45-8 through 45-10 superseded by Accounting Standards Update No. 2011-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a2cd5d0f55b3fc8542bd6bfe38bdf63eb6620c6e65ae6d61a5ea2ecb10fb5c90","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-10A","para":"45-10A","html":"
Items of other comprehensive income include the following:
  1. a
    Foreign currency translation adjustments (see paragraph 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))
  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))
  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))
  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 and 815-35-35-5A
  6. e
    Unrealized holding gains and losses on available-for-sale debt securities (see paragraph 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))
  8. g
    Subparagraph superseded by Accounting Standards Update No. 2016-13.
  9. h
    Subparagraph superseded by Accounting Standards Update No. 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))
  11. j
    Prior service costs or credits associated with pension or other postretirement benefits (see paragraph 715-20-50-1(j))
  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)).
  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).
  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)).
  15. n
    The effect of changes in the fair value of a market risk benefit attributable to a change in the instrument-specific credit risk (see paragraph 944-40-35-8A).
Additional classifications or additional items within current classifications may result from future accounting standards.
","snippet":"Items of other comprehensive income include the following:\n(a) Foreign currency translation adjustments (see paragraph 830-30-45-12)\n(b) Gains and losses on foreign currency transactions that are designated as, and are e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82b19a0722f902916aef36ff0113414f4e8013626548d48d311904f6759d370b","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-10B","para":"45-10B","html":"
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)
    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)
    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)).
","snippet":"None of the following items qualify as an item of comprehensive income:\n(a) Changes in equity during a period resulting from investments by owners and distributions to owners\n(b) Items required to be reported as direct a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:630aa57da552045e794ec0cba1bc36aa810a0474b01eea97920458b7443da3e8","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a899266d359706f8f1e9511c6e1d16dc8aad731fc76b0ac316d9b398bb3c54a8","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"block":null,"heading":"Presentation of Income Tax Effects","paragraphs":[{"citation":"220-10-45-11","para":"45-11","html":"
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.
","snippet":"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 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d14a5bf36f2fa854f60e30b769c095595f56a2936acf86c029fae5f95c963cdb","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-12","para":"45-12","html":"
An entity shall present the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 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) illustrates the alternative formats for disclosing the tax effects related to the components of other comprehensive income. (See paragraph 220-10-50-4.)
","snippet":"An entity shall present the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, in the statement in which those components are presen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4142091a9a8efb16d460551edda3db1324619ad97693cde4e1585456f01c63e","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-12A","para":"45-12A","html":"
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. 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).
","snippet":"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…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d38e5d2d49ae34402c06e72dcd4be8a4fcb98ef7b6caa52c1fdee97de0ce0ee2","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-13","para":"45-13","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2011-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8bcc5495d508e3ec67e52887ba201a904d189dcba13e87ea11f4c2caa9d8da4c","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-14","para":"45-14","html":"
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.
","snippet":"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 a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d900051f459088f76cf2e2e2c1ccd4e9355cb83e1f64d132bbce74509db7ea65","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-14A","para":"45-14A","html":"
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. 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. Paragraph 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.)
","snippet":"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 …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e1692ab4010ca5689e03ee0fb0476922befe21722134e6df1cef384e269935df","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e65c72dee780a6aa7648060a25e9c84331574f1f793a918b6e264f5a5df201a8","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"block":null,"heading":"Reclassification Adjustments","paragraphs":[{"citation":"220-10-45-15","para":"45-15","html":"
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). Example 3 (see paragraphs
220-10-55-18 through 55-27
) illustrates the presentation of reclassification adjustments in accordance with this paragraph.
","snippet":"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 incom…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0a968d11afca0889a2926b27d5f649c6fe0a9212ea10e845b82551a74f3f909","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-16","para":"45-16","html":"
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).
","snippet":"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 transl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:535a609b7215525d457c6bc3e5a79d4cc113c5ff9ad0725c85e18ddbe8a875e9","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-16A","para":"45-16A","html":"
Paragraph superseded by Accounting Standards Update No. 2016-13.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-13.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32cc51d24e47202b09e571a3acbb0fcbe555365d7a65f96d72dd4a4fcf2c1cb0","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-17","para":"45-17","html":"
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 describes the information requirements for presentation on the face of the statements where net income is presented, and paragraph 220-10-50-6 describes the information requirements for disclosure in the notes to financial statements.
","snippet":"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 o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c433b2bef1e0247c00cf9388e48b3388833dca595d3a3649325b44baf72cae0c","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-17A","para":"45-17A","html":"
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. Paragraph 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.
","snippet":"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, t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:080390b13bb7d67caba75d44c2bd8ef4fe4379490201ebd67d4b953614d716b4","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-17B","para":"45-17B","html":"
Paragraph superseded by Accounting Standards Update No. 2020-10.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2020-10.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30882a2f0edf715fca02043247b7634b985008615bba7b7e86da5219828e2f2a","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f074a93469480ab76b87aa4a1dd4e2ac326da01a257c51ffaba1ba1cffcd4b3a","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"block":null,"heading":"Interim-Period Reporting","paragraphs":[{"citation":"220-10-45-18","para":"45-18","html":"
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:
270-10-65-1Subtopic 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 statementsof interim periods in a single continuous statement or in two consecutive statements.
","snippet":"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…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:234fef22174ea00783c75b0b16347f01b7914e46f672ad5461244dae2a312148","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-18A","para":"45-18A","html":"
Publicly traded companies 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:
270-10-65-1Publicly traded companies 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.
","snippet":"Publicly traded companies 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 st…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c4589ad9b285b6c5a79e46a633ad4d745890bb13c954f80973db767d38f212d","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"citation":"220-10-45-18B","para":"45-18B","html":"
Nonpublic entities 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. 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.
","snippet":"Nonpublic entities 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. Nonpublic entities are not required to meet the re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b90df1e6b773d945282b24387bca72157c64f47d21e6fe8893b3ab3650879ca0","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:249cffb5f64a95b4f8a9bd1f3363caf88a061b2cde4f15d347dd6639787f8ef0","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ffa7a3e2716c9b721e6d9e3fb43f06cea97e3a01d717d760e52583e85aa37bd","downloaded_from":"2026-09-09T23:03:33.072Z","last_downloaded_at":"2026-09-09T23:03:33.072Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482790","source_sha256":"02962784fe39378ec356db2ae2a53e771dadc9ca1d0ab818eab779c1405d9cd8"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Disclosing Changes and Certain Income Tax Effects within Accumulated Other Comprehensive Income","paragraphs":[{"citation":"220-10-50-1","para":"50-1","html":"
An entity shall disclose a description of the accounting policy for releasing income tax effects from accumulated other comprehensive income.
","snippet":"An entity shall disclose a description of the accounting policy for releasing income tax effects from accumulated other comprehensive income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a10052a6381df82f9c5e41186849ae28e9969f8f476b7e95845b942802f4dadf","downloaded_from":"2026-09-09T23:03:35.373Z","last_downloaded_at":"2026-09-09T23:03:35.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482765","source_sha256":"8b5fe903516f322d2a5ccfa7ce95b0a9040f29ad06eba741481bde4c75fe71fc"}},{"citation":"220-10-50-2","para":"50-2","html":"
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 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)).
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"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…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed7dc5ef455c91a820625830c3f5ca7580b318ef2ea39d653214cb35158d3cdd","downloaded_from":"2026-09-09T23:03:35.373Z","last_downloaded_at":"2026-09-09T23:03:35.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482765","source_sha256":"8b5fe903516f322d2a5ccfa7ce95b0a9040f29ad06eba741481bde4c75fe71fc"}},{"citation":"220-10-50-3","para":"50-3","html":"
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 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:
270-10-65-1Paragraph superseded by Accounting Standards Update No. 2025-11.
","snippet":"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 shall disclose in the period of adoption a statement that an election was not mad…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0eb4e04e94df5f22126d93ca756dbd35af94798bdff5fa4a53b8bd805fcfd0a2","downloaded_from":"2026-09-09T23:03:35.373Z","last_downloaded_at":"2026-09-09T23:03:35.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482765","source_sha256":"8b5fe903516f322d2a5ccfa7ce95b0a9040f29ad06eba741481bde4c75fe71fc"}},{"citation":"220-10-50-4","para":"50-4","html":"
An entity shall present the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 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) illustrates the alternative formats for disclosing the tax effects related to the components of other comprehensive income. (See paragraph 220-10-45-12.)
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1For 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, 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) illustrates the alternative formats for disclosing the tax effects related to the components of other comprehensive income. (See paragraph 220-10-45-12.)
","snippet":"An entity shall present the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, in the statement in which those components are presen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0de8f4c336e177de7185cca8307e2f6a83b20ea5a1bc0dd69ec33b75c900020a","downloaded_from":"2026-09-09T23:03:35.373Z","last_downloaded_at":"2026-09-09T23:03:35.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482765","source_sha256":"8b5fe903516f322d2a5ccfa7ce95b0a9040f29ad06eba741481bde4c75fe71fc"}},{"citation":"220-10-50-5","para":"50-5","html":"
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. 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. Paragraph 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.)
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1For 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. 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. Paragraph 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.)
","snippet":"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 …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19d8542e27666eb5fbbeee838a788b793bfcf31fe7206b3de02c521bf96c2dfb","downloaded_from":"2026-09-09T23:03:35.373Z","last_downloaded_at":"2026-09-09T23:03:35.373Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482765","source_sha256":"8b5fe903516f322d2a5ccfa7ce95b0a9040f29ad06eba741481bde4c75fe71fc"}},{"citation":"220-10-50-6","para":"50-6","html":"
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, 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. Both before-tax and net-of-tax presentations are permitted provided the entity complies with the requirements in paragraph 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 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.)
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1If 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, 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. Both before-tax and net-of-tax presentations are permitted provided the entity complies with the requirements in paragraph 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 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.)
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This Section provides Examples of reporting formats for comprehensive income, required disclosures, and a corresponding statement of financial position. The illustrations are intended as examples only. Other formats or levels of detail may be appropriate for certain circumstances. An entity is encouraged to provide information in ways that are most understandable to investors, lenders, and other external users of financial statements. For simplicity, the Examples provide information only for a single period; however, most entities are required to provide comparative financial statements. In addition to the Examples in this Section, paragraph 810-10-55-4C illustrates one method for reporting comprehensive income if the entity has one or more less-than-wholly-owned subsidiaries.
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Paragraph superseded by Accounting Standards Update No. 2011-05.
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Paragraph superseded by Accounting Standards Update No. 2011-05.
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This Example illustrates the various formats that may be used to report comprehensive income as discussed in paragraphs
220-10-45-1 through 45-17
.
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Brackets are used to highlight certain basic totals that must be presented in financial statements to comply with the provisions of this Subtopic. This Subtopic requires not only presenting those certain basic totals but also reporting components of those aggregates. For example, among other items, it requires reporting information about unrealized gains and losses on available-for-sale debt securities, foreign currency items, gains or losses associated with pension or other postretirement benefits, prior service costs or credits associated with pension or other postretirement benefits, and transition assets or obligations associated with pension or other postretirement benefits.
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The tables use the term comprehensive income to label the total of all parts of comprehensive income, including net income. The tables use the term other comprehensive income to label revenues, expenses, gains, and losses that are included in comprehensive income but excluded from net income. This Subtopic does not require that an entity use those terms in its financial statements. Other equivalent terms, such as total nonowner changes in equity, can be used as labels for what this Subtopic refers to as comprehensive income.
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The following illustrates the statement of comprehensive income for the year ended December 31, 201X, with other comprehensive income components shown net of tax effects.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
105-10-65-10The following illustrates the statement of comprehensive income for the year ended December 31, 201X, with other comprehensive income components shown net of tax effects.
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Alternatively, components of other comprehensive income could be presented before tax with one amount shown for the aggregate income tax expense or benefit, as shown in the following single continuous statement of comprehensive income.
","snippet":"Alternatively, components of other comprehensive income could be presented before tax with one amount shown for the aggregate income tax expense or benefit, as shown in the following single continuous statement of compre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d701e37abcfed7f578cf46c97dcaf701524e904c0c51e935b300368d33dec15","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-8A","para":"55-8A","html":"
The following table illustrates disclosure of the tax effects allocated to each component of other comprehensive income in the notes to financial statements for the year ended December 31, 201X.
","snippet":"The following table illustrates disclosure of the tax effects allocated to each component of other comprehensive income in the notes to financial statements for the year ended December 31, 201X.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:73069cae7697b609c4b4d48eb4ec460cf8caf147de741cdc28cea7ba0eef86e0","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-8B","para":"55-8B","html":"
Alternatively, the tax amounts for each component can be presented in the statement in which each component of other comprehensive income is presented.
","snippet":"Alternatively, the tax amounts for each component can be presented in the statement in which each component of other comprehensive income is presented.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b4200d7df6cdc6e7a3fcc47fcfd4030c70a1c1e252ed82b4daa96a532efdb4ae","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-9","para":"55-9","html":"
The following illustrates the statements of net income and other comprehensive income for the year ended December 31, 201X, with other comprehensive income components presented net of tax effects.
","snippet":"The following illustrates the statements of net income and other comprehensive income for the year ended December 31, 201X, with other comprehensive income components presented net of tax effects.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cba00423fe66384260e1d9001cca71bc38d752cf1fb6eedb8c5d7cbf9a24c4c8","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-10","para":"55-10","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
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The following table illustrates the presentation of accumulated other comprehensive income in the statement of financial position, as discussed in paragraph 220-10-45-14.
","snippet":"The following table illustrates the presentation of accumulated other comprehensive income in the statement of financial position, as discussed in paragraph 220-10-45-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:634db0f5e99c5b3ecf8bc3d6403583b957ce8212e6ae3cc03ea06e19f802c624","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-11","para":"55-11","html":"
The following table illustrates the presentation of accumulated other comprehensive income in the statement of changes in equity for the year ended December 31, 201X, as discussed in paragraph 220-10-45-14.
","snippet":"The following table illustrates the presentation of accumulated other comprehensive income in the statement of changes in equity for the year ended December 31, 201X, as discussed in paragraph 220-10-45-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fdeaf9bcb2688cb0df02282f0918957e26b8ac6f87e342791086955bbb1dae0c","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-12","para":"55-12","html":"
The following table illustrates the statement of changes in equity for the year ended December 31, 201X, as discussed in paragraph 220-10-45-14.
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Paragraph superseded by Accounting Standards Update No. 2011-05.
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Paragraph superseded by Accounting Standards Update No. 2011-05.
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The following table illustrates the disclosure of changes in the balances of each component of accumulated other comprehensive income, as required by paragraph 220-10-45-14A. The amounts in this illustration correspond to the amounts in the Example in paragraph 220-10-55-17E and demonstrate the relationship between the requirements in paragraph 220-10-45-14A and the requirements in paragraph 220-10-50-6 for this entity.
","snippet":"The following table illustrates the disclosure of changes in the balances of each component of accumulated other comprehensive income, as required by paragraph 220-10-45-14A. The amounts in this illustration correspond t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f11d4ed6b8305831c1ef37c895acc1cd2de20a464122dbd32c67e96b7300e47","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-15A","para":"55-15A","html":"
The following table illustrates the disclosure of changes in the balances of each component of accumulated other comprehensive income, as required by paragraph 220-10-45-14A. The amounts in this illustration correspond to the amounts in the Example in paragraph 220-10-55-17F.
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The presentation of unrealized gains and losses on available-for-sale debt securities illustrated in paragraphs 220-10-55-15 through 55-15A is aggregated for simplicity and, therefore, does not necessarily comply with all of the disclosures that may be required in Topic 320 or 326 (for example, disclosures about available-for-sale debt securities with an allowance for credit losses in paragraph 326-30-45-2).
","snippet":"The presentation of unrealized gains and losses on available-for-sale debt securities illustrated in paragraphs 220-10-55-15 through 55-15A is aggregated for simplicity and, therefore, does not necessarily comply with al…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6114d5282c5b1d6881ddda169152cf3b1c6a9057a40515f4f5ef4df0ca0dd3ab","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-15C","para":"55-15C","html":"
For life insurers, amounts reclassified out of accumulated other comprehensive income exclude changes in unrealized gains and losses on available-for-sale debt securities associated with direct adjustments made to policy liabilities necessary to reflect these balances as if such unrealized gains and losses were realized.
","snippet":"For life insurers, amounts reclassified out of accumulated other comprehensive income exclude changes in unrealized gains and losses on available-for-sale debt securities associated with direct adjustments made to policy…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d0fe700fc19db356832113f72621265f765dce811494e81abab41db631e5c4b","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-16","para":"55-16","html":"
Alternatively, the changes in the balances of each component of other comprehensive income included in accumulated other comprehensive income can be presented as a reconciliation in a statement of changes in equity.
","snippet":"Alternatively, the changes in the balances of each component of other comprehensive income included in accumulated other comprehensive income can be presented as a reconciliation in a statement of changes in equity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e32f25a097288a7d6ff6beb9da5e3d74e5d0a3e749c1b5b8dd3b64faef50690","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-17","para":"55-17","html":"
Paragraph superseded by Accounting Standards Update No. 2011-05.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2011-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f43aeb643e805eddd93cf17043fa06eb0094d2214c82071fa560b4c979ce0d7","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-17A","para":"55-17A","html":"
The effect of reclassifications on the line items in the statement in which net income is presented, as described in paragraph 220-10-45-17, should be presented on either a before-tax basis or a net-of-tax basis consistent with the entity's method of presentation for the line items in the statement where net income is presented. In either case, the total for this disclosure should agree with the total amount of reclassifications for each component of comprehensive income that complies with the presentation requirements in paragraph 220-10-45-14A. The illustration in paragraph 220-10-55-17E presents the effect of reclassifications on the line items of net income on a before-tax basis, but it also shows totals for each component, which agree with the ending balances presented in paragraph 220-10-55-15, which is on an after-tax basis.
","snippet":"The effect of reclassifications on the line items in the statement in which net income is presented, as described in paragraph 220-10-45-17, should be presented on either a before-tax basis or a net-of-tax basis consiste…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c004a5d2d6514b989770c571a78bb1649d09b3e6237e2cf6497a98715597a4bf","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-17B","para":"55-17B","html":"
An entity with significant defined benefit pension costs reclassified out of accumulated other comprehensive income should identify the amount of each pension cost component reclassified out of accumulated other comprehensive income and make reference to the relevant pension cost disclosure that provides greater detail about these reclassifications.
","snippet":"An entity with significant defined benefit pension costs reclassified out of accumulated other comprehensive income should identify the amount of each pension cost component reclassified out of accumulated other comprehe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:013fec8f27005cd98714601666aa4e06d5c16cf285387ed3304e983ca971af7a","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-17C","para":"55-17C","html":"
A life insurer may make adjustments to unrealized gains and losses on available-for-sale debt securities for the effect on relevant assets and liabilities (as specified in paragraph 320-10-S99-2 for public entities) as if the unrealized gains and losses had been realized. In such cases, the life insurer should cross-reference to the related notes.
","snippet":"A life insurer may make adjustments to unrealized gains and losses on available-for-sale debt securities for the effect on relevant assets and liabilities (as specified in paragraph 320-10-S99-2 for public entities) as i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:378658965adcb52038d20aac56ad9f0cc547a9aff08f1312fb6c8d0dcb69844e","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-17D","para":"55-17D","html":"
Some entities may not have a separate line item for realized gains/(losses) on the sale of securities and, instead, will include this amount as part of another line item, for example, other income/(expense).
","snippet":"Some entities may not have a separate line item for realized gains/(losses) on the sale of securities and, instead, will include this amount as part of another line item, for example, other income/(expense).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:44cf1edce0ddf26b8c338dc6ef60cb2c27d41e7d44765c5257b0878bcb2755d5","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-17E","para":"55-17E","html":"
The following illustrates a disclosure in a tabular format of significant amounts reclassified out of each component of accumulated other comprehensive income, as required by paragraph 220-10-50-6. The amounts used in this Example correspond to those in the Example in paragraph 220-10-55-15.
","snippet":"The following illustrates a disclosure in a tabular format of significant amounts reclassified out of each component of accumulated other comprehensive income, as required by paragraph 220-10-50-6. The amounts used in th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc8c6fee4c0d86c93310a959748bb33cd265b9cecad92c68a40987550536e7d0","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-17F","para":"55-17F","html":"
The following illustrates presentation of the effect on certain line items of net income of significant amounts reclassified out of each component of accumulated other comprehensive income, as required by paragraph 220-10-45-17A. The amounts in this Example agree with the amounts in the Example in paragraph 220-10-55-15A. This presentation should only be used if all significant reclassifications out of accumulated other comprehensive income are reclassified to net income in their entirety in the same reporting period.
","snippet":"The following illustrates presentation of the effect on certain line items of net income of significant amounts reclassified out of each component of accumulated other comprehensive income, as required by paragraph 220-1…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f2152d03e8a767753975e303befaa05d8dc5baa138d4252cacdc2b6a82b11d2","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-18","para":"55-18","html":"
This Subtopic requires that an entity determine reclassification adjustments for each component of other comprehensive income. An entity may present those adjustments out of accumulated other comprehensive income on the face of the statement in which other comprehensive income is presented, or it may disclose reclassification adjustments in the notes to the financial statements. Paragraphs
220-10-45-15 through 45-17
provide the guidance on reclassification adjustments. Example 1 (paragraphs
220-10-55-7 through 55-9
) illustrates the reclassification presentation relating to unrealized gains or losses on securities and amortized prior service costs.
","snippet":"This Subtopic requires that an entity determine reclassification adjustments for each component of other comprehensive income. An entity may present those adjustments out of accumulated other comprehensive income on the …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f7f3021d20b10c74f54e991423b42e6134fe63e615a2d9b8fea89fd2410acbd","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-19","para":"55-19","html":"
The following Case illustrates the calculation of reclassification adjustments for available-for-sale debt securities under paragraphs
320-10-50-1 through 50-5
. It is intended as an illustration only; it does not represent an actual situation:
  1. a
    Subparagraph superseded by Accounting Standards Update No. 2016-01.
  2. b
    Available-for-sale debt securities (Case B).
","snippet":"The following Case illustrates the calculation of reclassification adjustments for available-for-sale debt securities under paragraphs 320-10-50-1 through 50-5. It is intended as an illustration only; it does not represe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51c9249ef274038d1d62b56620251f632ff513fee67b9c917a4ad6685d5d0f60","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-20","para":"55-20","html":"
Case B involves a nonpublic entity that follows the practice of recognizing all unrealized gains and losses on available-for-sale debt securities in other comprehensive income before recognizing them as realized gains and losses in net income. Therefore, the before-tax amount of the reclassification adjustment recognized in other comprehensive income is equal to, but opposite in sign from, the amount of the realized gain or loss recognized in net income.
","snippet":"Case B involves a nonpublic entity that follows the practice of recognizing all unrealized gains and losses on available-for-sale debt securities in other comprehensive income before recognizing them as realized gains an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1763a6235c11dbbeab43bea2accb50fe17a8726f6e25cbfe4a4a4f8cd16f27a","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-21","para":"55-21","html":"
Paragraph superseded by Accounting Standards Update No. 2016-01.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c86ee580b2d17065f9c16ad1c779695af4a47ce2486d971256729e62b55562f9","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-22","para":"55-22","html":"
Paragraph superseded by Accounting Standards Update No. 2016-01.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:81543d88a8aab384ecaf34f9c0fe0848ed04ee79de5a87a4e1ae2bac01f8fd88","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-23","para":"55-23","html":"
Paragraph superseded by Accounting Standards Update No. 2016-01.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:edc23e7d180c9f0f77f2a2f8c448f5323acf236724f43a3ce4524794f204f023","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-24","para":"55-24","html":"
The available-for-sale interest-bearing debt securities (bonds) in this Case were purchased at a premium to yield 6.5 percent. Interest income is included in net income based on the historical yield, and the bonds decline in fair value during the first two years in which they are held.
","snippet":"The available-for-sale interest-bearing debt securities (bonds) in this Case were purchased at a premium to yield 6.5 percent. Interest income is included in net income based on the historical yield, and the bonds declin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0b458aaa9a01774f788f5b019f8c03be809f4ac07342fc84879bcb1bfdfb16ab","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-25","para":"55-25","html":"
On December 31, 1995, registration of Micki Inc.'s 8-year, 8 percent debentures, interest payable annually, became effective and the entire issue of $10,000,000 was sold at par immediately. At the end of each of the next four years, the closing prices and the related market interest rates to maturity were as follows.
","snippet":"On December 31, 1995, registration of Micki Inc.'s 8-year, 8 percent debentures, interest payable annually, became effective and the entire issue of $10,000,000 was sold at par immediately. At the end of each of the next…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:002d09cdb4f46765b950631dc4d23a47e69e3fe8b466b8efcf3b28bf4a9448a5","downloaded_from":"2026-09-09T23:03:37.578Z","last_downloaded_at":"2026-09-09T23:03:37.578Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482739","source_sha256":"bdf07c09a1f1b5328648775729bf08cb9461aa4f660a5e9d0a4af115579cb2b5"}},{"citation":"220-10-55-26","para":"55-26","html":"
On December 31, 1997, Entity purchased $1,000,000 of Micki Inc.'s bonds on the open market at 107.3 and classified them as available for sale. Entity continued to hold the bonds until December 31, 1999, at which time they were sold at 92.2. Entity prepared the following schedules in relation to the bonds.
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The following before-tax entries would be made to record the purchase, accrue interest (using the effective interest method based on cost), recognize the change in fair value, and record the sale.
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The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
220-10-S15-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-10-S25-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-10-S25-2 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-10-S30-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-10-S45-1 through S45-8
 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-10-S50-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-10-S99-1 Amended Accounting Standards Update No. 2019-07 07/26/2019
220-10-S99-1 through S99-8
 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-10-S99-2 Amended Accounting Standards Update No. 2019-07 07/26/2019
220-10-S99-4 Amended Accounting Standards Update No. 2023-03 07/14/2023
220-10-S99-5 Amended Accounting Standards Update No. 2023-03 07/14/2023
220-10-S99-7 Amended Accounting Standards Update No. 2017-14 11/22/2017
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See paragraph 220-10-S99-2, Regulation S-X Rule 5-03, for requirements pertaining to the presentation and classification of various items within the income statement.
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See paragraph 220-10-S99-3, SAB Topic 1.B.1, Question 1, for SEC Staff views on the presentation of expenses allocated from a parent to its subsidiary for purposes of preparing separate financial statements.
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See paragraph 505-10-S99-5, SAB Topic 4.F, for SEC Staff views on the income statement presentation for limited partnerships.
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See paragraph 220-10-S99-6, SAB Topic 7.D, for SEC Staff views on the presentation of income before depreciation and depletion in the income statement.
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See paragraph 220-10-S99-8, SAB Topic 11.B, for SEC Staff views on excluding depreciation and depletion from cost of sales for purposes of the income statement.
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See paragraph 220-10-S99-5, SAB Topic 6.B, for SEC Staff views on income statement presentation when the registrant has preferred stock dividends.
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See paragraph 220-10-S99-7, SAB Topic 11.A, for SEC Staff views on presentation of operating subsidies within the income statement.
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See paragraph 220-10-S99-3, SAB Topic 1.B.1, Questions 2 through 4, for SEC Staff views on disclosure requirements when expenses are allocated from a parent to its subsidiary for the purposes of preparing separate financial statements.
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The following is the text of Regulation S-X Rule 3-03, Instructions to Statement of Comprehensive Income Requirements (17 CFR 210.3-03).
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The following is the text of Regulation S-X Rule 5-03, Statements of Comprehensive Income (17 CFR 210.5-03).
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The following is the text of SAB Topic 1.B.1, Costs Reflected in Historical Income Statements.
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The following is the text of SAB Topic 5.T, Accounting for Expenses or Liabilities Paid by Principal Stockholder(s).
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The following is the text of SAB Topic 6.B, Accounting Series Release 280—General Revision Of Regulation S-X: Income Or Loss Applicable To Common Stock.
","snippet":"The following is the text of SAB Topic 6.B, Accounting Series Release 280—General Revision Of Regulation S-X: Income Or Loss Applicable To Common Stock.\nFacts: A registrant has various classes of preferred stock. Dividen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:183e8d4870b4055700e18211124fc546c141e6983912caf0c9c835d411f904df","downloaded_from":"2026-09-09T23:04:07.668Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483621","source_sha256":"ac78f089b1f716b09495a5d6cc1357b618f9bf6c8253922cfc714df4e2cb8723"}},{"citation":"220-10-S99-6","para":"S99-6","html":"
The following is the text of SAB Topic 7.D, Income Before Depreciation.
","snippet":"The following is the text of SAB Topic 7.D, Income Before Depreciation.\nFacts: Occasionally an income statement format will contain a subtitle or caption titled \"Income before depreciation and depletion.\"\nQuestion: Is th…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f58d535eaa7c47457ce05c6621fbf625963d61d594358927f341d594d9dad40","downloaded_from":"2026-09-09T23:04:07.668Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483621","source_sha256":"ac78f089b1f716b09495a5d6cc1357b618f9bf6c8253922cfc714df4e2cb8723"}},{"citation":"220-10-S99-7","para":"S99-7","html":"
The following is the text of SAB Topic 11.A, Operating-Differential Subsidies.
","snippet":"The following is the text of SAB Topic 11.A, Operating-Differential Subsidies.\nFacts: Company A has received an operating-differential subsidy pursuant to the Merchant Marine Act of 1936, as amended.\nQuestion: How should…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dce6733951062ad3a3b4d49cefb7f5336ac46be80c09a9b14d8cc0d1d5d1db4b","downloaded_from":"2026-09-09T23:04:07.668Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483621","source_sha256":"ac78f089b1f716b09495a5d6cc1357b618f9bf6c8253922cfc714df4e2cb8723"}},{"citation":"220-10-S99-8","para":"S99-8","html":"
The following is the text of SAB Topic 11.B, Depreciation and Depletion Excluded from Cost of Sales.
","snippet":"The following is the text of SAB Topic 11.B, Depreciation and Depletion Excluded from Cost of Sales.\nFacts: Company B excludes depreciation and depletion from cost of sales in its income statement.\nQuestion: How should t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a14fd1c5069e4229a651e73bffe72c006f1a66af850d37608abde94bcc9dadd","downloaded_from":"2026-09-09T23:04:07.668Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483621","source_sha256":"ac78f089b1f716b09495a5d6cc1357b618f9bf6c8253922cfc714df4e2cb8723"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d509d3abd3c60a0c3f02ccd86fd27f2f0f83aa3b25eae9e47f605f0c9d5770a","downloaded_from":"2026-09-09T23:04:07.668Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483621","source_sha256":"ac78f089b1f716b09495a5d6cc1357b618f9bf6c8253922cfc714df4e2cb8723"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:738c0a564101fefc1e6c122de60051aae4a33ac0d080c74a1a54d2c95406bcc5","downloaded_from":"2026-09-09T23:04:07.668Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483621","source_sha256":"ac78f089b1f716b09495a5d6cc1357b618f9bf6c8253922cfc714df4e2cb8723"}}],"enrichment":{"summary":"ASC 220-10 governs how an entity presents comprehensive income — net income plus other comprehensive income (OCI) — in a full set of general-purpose financial statements. Comprehensive income must be reported either in a single continuous statement or in two separate but consecutive statements (net income first, then OCI beginning with net income), with totals for net income, OCI, and comprehensive income (220-10-45-1 through 45-1B). The Subtopic addresses only presentation and disclosure; it does not specify when to recognize or how to measure the items making up comprehensive income (220-10-25-1; 220-10-30-1).","key_points":["Comprehensive income measures all changes in equity from recognized transactions and other economic events of the period other than transactions with owners in their capacity as owners (220-10-10-1); investments by and distributions to owners and items charged directly to paid-in capital or retained earnings are not items of comprehensive income (220-10-45-10B).","An entity must report comprehensive income in a single continuous statement (two sections: net income and OCI) or in two separate but consecutive statements, the second beginning with net income (220-10-45-1 through 45-1B); the terms 'comprehensive income' and 'other comprehensive income' need not be used (220-10-45-4).","Items of OCI are enumerated in 220-10-45-10A and include foreign currency translation adjustments, cash flow hedge gains and losses, unrealized holding gains and losses on available-for-sale debt securities, pension/OPEB gains, losses, prior service costs and transition amounts, and instrument-specific credit risk changes on fair value option liabilities; components are classified based on their nature (220-10-45-1C).","An entity with no items of OCI in any period presented, and an NFP following Subtopic 958-205, are outside the Topic's scope (220-10-15-3).","OCI components may be presented net of tax or before tax with one aggregate tax amount, but the tax expense or benefit allocated to each OCI component (including reclassification adjustments) must be shown in the statement or disclosed in the notes (220-10-45-11; 45-12; 50-4), and the policy for releasing income tax effects from AOCI must be disclosed (220-10-50-1).","The total of OCI for the period is transferred to a separate equity component, typically labeled accumulated other comprehensive income, and the changes in accumulated balances for each OCI component—separating current-period reclassifications from other current-period OCI—must be presented on the face of the statements or in the notes (220-10-45-14; 45-14A; 50-5).","Reclassification adjustments must be determined for each OCI component to avoid double counting amounts included in both net income and OCI (220-10-45-15; 45-16), and significant amounts reclassified out of AOCI must be reported together in one place—parenthetically on the face of the statement of net income if all such amounts are reclassified to net income in their entirety in the same period (220-10-45-17; 45-17A), otherwise in a tabular note (220-10-50-6)."],"categories":["Presentation","Disclosure","Financial statement presentation","Income taxes"],"audience_level":"intermediate","student_note":"This is the presentation backbone for OCI: know the two permitted formats, the list of OCI items in 220-10-45-10A, and the reclassification-adjustment mechanics. The most common misunderstanding is thinking ASC 220 tells you when to recognize or how to measure OCI items — it does not; the source Topics (320/326, 715, 815, 830, 825) do, and a separate 'statement of comprehensive income' is no longer permitted to be a non-consecutive or equity-statement presentation.","related_topics":["220-20","220-30","220-40","270-10","810-10","958-205"],"key_concepts":["comprehensive income","other comprehensive income","accumulated other comprehensive income","reclassification adjustment","single continuous statement","two consecutive statements","tax effects allocated to oci components","nonowner changes in equity"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ebe2a2bb353a69b0d246f62dc6b0368ac48b6c78d277fc3f0a138078d5ca7f3","downloaded_from":"2026-09-09T23:03:08.647Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"270-10","title":"Overall","topic_title":"Interim Reporting","score":0.8045,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bb7de51ded69a5ef0ebb28e014f2ff26a73bd9f159cf2f23f3961fb8728dfadd","downloaded_from":"2026-09-09T23:19:37.216Z","last_downloaded_at":"2026-09-09T23:20:17.142Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"205-20","title":"Discontinued Operations","topic_title":"Presentation of Financial Statements","score":0.7951,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11194c05e7ca852511d794c2759fce3cb85a50eda917f382248ebbb20382bdb1","downloaded_from":"2026-09-09T22:52:47.473Z","last_downloaded_at":"2026-09-09T22:53:32.088Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"210-20","title":"Offsetting","topic_title":"Balance Sheet","score":0.7935,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce4f02d4d17fe875e045c10712c6a4c74afb21e7b191ba67fbae358f54e09d9d","downloaded_from":"2026-09-09T22:59:04.667Z","last_downloaded_at":"2026-09-09T22:59:32.460Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"320-10","title":"Overall","topic_title":"Investments—Debt Securities","score":0.7687,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:83fe002d3ce06fa65e89b35dbbf3d11cd07d7274ce0ac4de54dd849230259d56","downloaded_from":"2026-09-09T23:34:37.849Z","last_downloaded_at":"2026-09-09T23:35:28.596Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"825-10","title":"Overall","topic_title":"Financial Instruments","score":0.7687,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2018b289eadfab27ac8b78eca94ed725135ff314ba14aaf5bc93dac4cfb6092b","downloaded_from":"2026-09-10T01:44:11.504Z","last_downloaded_at":"2026-09-10T01:44:42.941Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-944","title":"Financial Services—Insurance","topic_title":"Income Statement—Reporting Comprehensive 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Income","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4be60bd0edbb88207d43458a2402b19e6b06d5a1629519bf6c89764d50d1d6ee","downloaded_from":"2026-09-09T23:04:10.348Z","last_downloaded_at":"2026-09-09T23:04:29.662Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d96b157966b9aff78953e6636cbbdd47a6a99f49a66e2aa6e38cc1acfd80ff76","downloaded_from":"2026-09-09T23:03:08.647Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-20","topic":"220","title":"Unusual or Infrequently Occurring Items","area":"Presentation","paragraphs":9,"summary":"ASC 220-20 governs how an entity presents and discloses material events or transactions that are unusual in nature, infrequent in occurrence, or both. Such items must be reported as a separate component of income from continuing operations, with their nature and financial effects either shown on the face of the income statement or disclosed in the notes (220-20-45-1; 220-20-50-1). They may not be presented net of tax on the face of the income statement, and their per-share effects may not be shown there.","concepts":["unusual nature","infrequency of occurrence","income from continuing operations","separate component presentation","note disclosure","entity environment","net-of-tax prohibition","earnings per share effects"],"categories":["Presentation","Disclosure","Financial statement presentation","Income taxes"],"level":"introductory","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-20-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Infrequency of OccurrenceAddedMaintenance Update 2017-19 (PDF)11/15/2017
Unusual NatureAddedMaintenance Update 2017-19 (PDF)11/15/2017
220-20-05-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
220-20-15-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
220-20-45-1AmendedMaintenance Update 2020-18 (PDF)11/25/2020
220-20-45-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
220-20-50-1AmendedAccounting Standards Update No. 2025-1112/08/2025
220-20-50-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
220-20-55-1 through 55-3
AddedMaintenance Update 2017-19 (PDF)11/15/2017
220-20-60-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nInfrequency of Occurrence | Added | Maintenance Update 2017-19 | 11/15/2017 |\nUnusual Na…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcb115b23f4cab2d7f4efd5f4311dafd543458eaefd9ff26f8028543a46ec3d2","downloaded_from":"2026-09-09T23:04:10.348Z","last_downloaded_at":"2026-09-09T23:04:10.348Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483618","source_sha256":"1ebe0320c89e7b3cce421e969a5aca1efb64347493a305edce3a41ba8371ad5a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a80c9e06b220c5209ab9bf14d5ad207bed2b58e9651934b194495eb3a108b1ee","downloaded_from":"2026-09-09T23:04:10.348Z","last_downloaded_at":"2026-09-09T23:04:10.348Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483618","source_sha256":"1ebe0320c89e7b3cce421e969a5aca1efb64347493a305edce3a41ba8371ad5a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:785221985800eda92e089339bd6c93dc8b36a5efdbc78b9f93105a9e01a586f8","downloaded_from":"2026-09-09T23:04:10.348Z","last_downloaded_at":"2026-09-09T23:04:10.348Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483618","source_sha256":"1ebe0320c89e7b3cce421e969a5aca1efb64347493a305edce3a41ba8371ad5a"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-20-05-1","para":"05-1","html":"
This Subtopic addresses the presentation and disclosure of unusual and infrequently occurring items.
","snippet":"This Subtopic addresses the presentation and disclosure of unusual and infrequently occurring items.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eca587b75ef3e86454c0040d3044c3c2ea6768b9ff9c8b6e06654cb14b4eea8e","downloaded_from":"2026-09-09T23:04:12.456Z","last_downloaded_at":"2026-09-09T23:04:12.456Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483617","source_sha256":"710d6fc6a3a35ae5f83c39ac6b15903fe3bc1c860f5ed7573af0ba9cf76b1616"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8786474e39d28994ca970ac971f3723df0a42b4eca304a9da34b81fd5c312c7","downloaded_from":"2026-09-09T23:04:12.456Z","last_downloaded_at":"2026-09-09T23:04:12.456Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483617","source_sha256":"710d6fc6a3a35ae5f83c39ac6b15903fe3bc1c860f5ed7573af0ba9cf76b1616"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9b77c3f1073447822d46fe2e6388339ee63bfa2a5c3c4485cc7808c93ec7b36","downloaded_from":"2026-09-09T23:04:12.456Z","last_downloaded_at":"2026-09-09T23:04:12.456Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483617","source_sha256":"710d6fc6a3a35ae5f83c39ac6b15903fe3bc1c860f5ed7573af0ba9cf76b1616"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"220-20-15-1","para":"15-1","html":"
The guidance in this Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 220-10-15.
","snippet":"The guidance in this Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 220-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f103263387847ae81684ef8d2af93becbb7f315905db38b45bc8f8966d0ac1e","downloaded_from":"2026-09-09T23:04:15.233Z","last_downloaded_at":"2026-09-09T23:04:15.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483616","source_sha256":"a86ac404d87b35676c6caa389dadd7f6b6d9542707e854fb5e00ef5ea5137989"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1601ba06e2860bef88ffdfc3d00bdfbd22a0f461f674cfd37cba9837618370e6","downloaded_from":"2026-09-09T23:04:15.233Z","last_downloaded_at":"2026-09-09T23:04:15.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483616","source_sha256":"a86ac404d87b35676c6caa389dadd7f6b6d9542707e854fb5e00ef5ea5137989"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fa3e1fb8f7ecb071fa4390d6336e670ac00a17cf8e9fa94a33155664dbb4b548","downloaded_from":"2026-09-09T23:04:15.233Z","last_downloaded_at":"2026-09-09T23:04:15.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483616","source_sha256":"a86ac404d87b35676c6caa389dadd7f6b6d9542707e854fb5e00ef5ea5137989"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Presentation of Unusual or Infrequently Occurring Items","paragraphs":[{"citation":"220-20-45-1","para":"45-1","html":"
A material event or transaction that an entity considers to be of an unusual nature or of a type that indicates infrequency of occurrence or both shall be reported as a separate component of income from continuing operations. The nature and financial effects of each event or transaction shall be presented as a separate component of income from continuing operations or, alternatively, disclosed in notes to financial statements (see paragraph 220-20-50-1). Gains or losses of a similar nature that are not individually material shall be aggregated. Such items shall not be reported on the face of the income statement net of income taxes. Similarly, the EPS effects of those items shall not be presented on the face of the income statement.
","snippet":"A material event or transaction that an entity considers to be of an unusual nature or of a type that indicates infrequency of occurrence or both shall be reported as a separate component of income from continuing operat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:28e727490e917eca7c4abec5eb60900ce013d8727329da18454afdfc1635b70f","downloaded_from":"2026-09-09T23:04:19.748Z","last_downloaded_at":"2026-09-09T23:04:19.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483614","source_sha256":"f1580c3c641d3f66321d381bd45bd03f21eb87860f6af78aca40a0ce26dcb300"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bcdc87cfadc506bcda5dc58bf2361af51726756d715ef6f776c07640fa411f4a","downloaded_from":"2026-09-09T23:04:19.748Z","last_downloaded_at":"2026-09-09T23:04:19.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483614","source_sha256":"f1580c3c641d3f66321d381bd45bd03f21eb87860f6af78aca40a0ce26dcb300"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1ea01d2a15c40acf2029c300807b62a90774dccf24f598999634791f9760c4fd","downloaded_from":"2026-09-09T23:04:19.748Z","last_downloaded_at":"2026-09-09T23:04:19.748Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483614","source_sha256":"f1580c3c641d3f66321d381bd45bd03f21eb87860f6af78aca40a0ce26dcb300"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Unusual or Infrequently Occurring Items","paragraphs":[{"citation":"220-20-50-1","para":"50-1","html":"
The nature and financial effects of each event or transaction that is unusual in nature or occurs infrequently or both shall be presented as a separate component of income from continuing operations or, alternatively, disclosed in notes to the financial statements.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1The nature and financial effects of each event or transaction that is unusual in nature or occurs infrequently or both shall be presented as a separate component of income from continuing operations or, alternatively, disclosed in notes to the interim and annual financial statements.
","snippet":"The nature and financial effects of each event or transaction that is unusual in nature or occurs infrequently or both shall be presented as a separate component of income from continuing operations or, alternatively, di…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af5e04307c570eb89ffda59977d1a9658b6f693dd11784240421a057b8269230","downloaded_from":"2026-09-09T23:04:21.720Z","last_downloaded_at":"2026-09-09T23:04:21.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483613","source_sha256":"1d1c5a2c27543a724ca5b90bfb80dbe7812d5e9655c96c9a97c3e29c732df3af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11b60a783bf30fbdf824e0e915ed439b093ad0ae73b9ec0cdce09f28b25beac9","downloaded_from":"2026-09-09T23:04:21.720Z","last_downloaded_at":"2026-09-09T23:04:21.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483613","source_sha256":"1d1c5a2c27543a724ca5b90bfb80dbe7812d5e9655c96c9a97c3e29c732df3af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df35b893d1409f4fb01804ade6ab1c6792e3ac71dd06614945b58373592586f7","downloaded_from":"2026-09-09T23:04:21.720Z","last_downloaded_at":"2026-09-09T23:04:21.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483613","source_sha256":"1d1c5a2c27543a724ca5b90bfb80dbe7812d5e9655c96c9a97c3e29c732df3af"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"220-20-55-1","para":"55-1","html":"
The specific characteristics of the entity, such as type and scope of operations, lines of business, and operating policies should be considered in determining ordinary and typical activities of an entity. The environment in which an entity operates is a primary consideration in determining whether an underlying event or transaction is abnormal and significantly different from the ordinary and typical activities of the entity. The environment of an entity includes such factors as the characteristics of the industry or industries in which it operates, the geographical location of its operations, and the nature and extent of governmental regulation. Thus, an event or transaction may be unusual in nature for one entity but not for another because of differences in their respective environments. Unusual nature is not established by the fact that an event or transaction is beyond the control of management.
","snippet":"The specific characteristics of the entity, such as type and scope of operations, lines of business, and operating policies should be considered in determining ordinary and typical activities of an entity. The environmen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5ce8a70f98275bdce67b29c6b20246959f4197af7e62de74039f179047777b7","downloaded_from":"2026-09-09T23:04:25.555Z","last_downloaded_at":"2026-09-09T23:04:25.555Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483612","source_sha256":"36c40044a2cf5680dd9661bf69e003e7fad09dce0b9142ac3f7139ede1d14080"}},{"citation":"220-20-55-2","para":"55-2","html":"
For purposes of this Subtopic, an event or transaction of a type not reasonably expected to recur in the foreseeable future is considered to occur infrequently. Determining the probability of recurrence of a particular event or transaction in the foreseeable future should take into account the environment in which an entity operates. Accordingly, a specific transaction of one entity might meet that criterion and a similar transaction of another entity might not because of different probabilities of recurrence. The past occurrence of an event or transaction for a particular entity provides evidence to assess the probability of recurrence of that type of event or transaction in the foreseeable future.
","snippet":"For purposes of this Subtopic, an event or transaction of a type not reasonably expected to recur in the foreseeable future is considered to occur infrequently. Determining the probability of recurrence of a particular e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab20423afc19389cb8fdeac0b7f70c0c395278f81392529cdbc541fecbba93d6","downloaded_from":"2026-09-09T23:04:25.555Z","last_downloaded_at":"2026-09-09T23:04:25.555Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483612","source_sha256":"36c40044a2cf5680dd9661bf69e003e7fad09dce0b9142ac3f7139ede1d14080"}},{"citation":"220-20-55-3","para":"55-3","html":"
The following are illustrative of events or transactions that are unusual in nature or occur infrequently:
  1. a
    A large portion of a tobacco manufacturer's crops are destroyed by a hail storm. Severe damage from hail storms in the locality where the manufacturer grows tobacco is rare.
  2. b
    A steel fabricating entity sells the only land it owns. The land was acquired 10 years ago for future expansion, but shortly thereafter the entity abandoned all plans for expansion and held the land for appreciation.
  3. c
    An earthquake destroys one of the oil refineries owned by a large multinational oil entity.
","snippet":"The following are illustrative of events or transactions that are unusual in nature or occur infrequently:\n(a) A large portion of a tobacco manufacturer's crops are destroyed by a hail storm. Severe damage from hail stor…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f56deaada004814228b6151cf4814cfd347fbd6777b2ab2f66e7694b58e3c8b","downloaded_from":"2026-09-09T23:04:25.555Z","last_downloaded_at":"2026-09-09T23:04:25.555Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483612","source_sha256":"36c40044a2cf5680dd9661bf69e003e7fad09dce0b9142ac3f7139ede1d14080"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7eb7748403d906d03f9e99e9f2b91ddd0c2911fd0b6d1436d42cbe15031f69a","downloaded_from":"2026-09-09T23:04:25.555Z","last_downloaded_at":"2026-09-09T23:04:25.555Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483612","source_sha256":"36c40044a2cf5680dd9661bf69e003e7fad09dce0b9142ac3f7139ede1d14080"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7bcde464c25b110fc6c5a967d7d6b8dcce18c266662275185f0c618206085a05","downloaded_from":"2026-09-09T23:04:25.555Z","last_downloaded_at":"2026-09-09T23:04:25.555Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483612","source_sha256":"36c40044a2cf5680dd9661bf69e003e7fad09dce0b9142ac3f7139ede1d14080"}},{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Income Taxes","paragraphs":[{"citation":"220-20-60-1","para":"60-1","html":"
For guidance on the computation of interim period income taxes applicable to significant unusual or infrequently occurring items, see paragraphs
740-270-30-8 through 30-12
.
","snippet":"For guidance on the computation of interim period income taxes applicable to significant unusual or infrequently occurring items, see paragraphs 740-270-30-8 through 30-12.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76be939972f98c493573e207bef5ec738c7082bc6cb4509f36fd316e3cea3257","downloaded_from":"2026-09-09T23:04:27.382Z","last_downloaded_at":"2026-09-09T23:04:27.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483611","source_sha256":"8f86c801000fc46b7c0afc3ce9592d6948273e62fec29b1eb9071e090f2c4eb4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e35bde9c92407b6ba1c0de1d3a464fa61f5846ca997778903f9ddc90524d8f0","downloaded_from":"2026-09-09T23:04:27.382Z","last_downloaded_at":"2026-09-09T23:04:27.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483611","source_sha256":"8f86c801000fc46b7c0afc3ce9592d6948273e62fec29b1eb9071e090f2c4eb4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:177dbbfeabf62f0961ed789aa107165ce6d9b933fa0c3536087de096d273f268","downloaded_from":"2026-09-09T23:04:27.382Z","last_downloaded_at":"2026-09-09T23:04:27.382Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483611","source_sha256":"8f86c801000fc46b7c0afc3ce9592d6948273e62fec29b1eb9071e090f2c4eb4"}}],"enrichment":{"summary":"ASC 220-20 governs how an entity presents and discloses material events or transactions that are unusual in nature, infrequent in occurrence, or both. Such items must be reported as a separate component of income from continuing operations, with their nature and financial effects either shown on the face of the income statement or disclosed in the notes (220-20-45-1; 220-20-50-1). They may not be presented net of tax on the face of the income statement, and their per-share effects may not be shown there.","key_points":["A material event or transaction of an unusual nature or of a type indicating infrequency of occurrence (or both) shall be reported as a separate component of income from continuing operations (220-20-45-1).","The nature and financial effects of each such event or transaction must be either presented as a separate component of income from continuing operations or disclosed in the notes (220-20-45-1; 220-20-50-1).","Gains or losses of a similar nature that are not individually material shall be aggregated (220-20-45-1).","Such items shall not be reported on the face of the income statement net of income taxes, and their EPS effects shall not be presented on the face of the income statement (220-20-45-1).","Unusual nature is judged against the entity's own environment—industry, geography, and governmental regulation—so an item may be unusual for one entity but not another; being beyond management's control does not by itself establish unusual nature (220-20-55-1).","An event or transaction of a type not reasonably expected to recur in the foreseeable future occurs infrequently; past occurrence is evidence of the probability of recurrence (220-20-55-2).","Interim period income taxes on significant unusual or infrequently occurring items are computed under paragraphs 740-270-30-8 through 30-12 (220-20-60-1); a pending amendment extends the disclosure to interim financial statements (transition guidance 270-10-65-1)."],"categories":["Presentation","Disclosure","Financial statement presentation","Income taxes"],"audience_level":"introductory","student_note":"Since the FASB eliminated the \"extraordinary items\" category, these items stay inside income from continuing operations—a common exam trap is showing them below the line or net of tax with an EPS figure, both of which 220-20-45-1 forbids. Remember the unusual/infrequent assessment is entity- and environment-specific, not absolute.","related_topics":["220-10","740-270","270-10","225-20","360-10"],"key_concepts":["unusual nature","infrequency of occurrence","income from continuing operations","separate component presentation","note disclosure","entity environment","net-of-tax prohibition","earnings per share effects"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d523a0aa223c117e49b0fb0227fc3f226fff931be85f15fe2d43d46d64f3174","downloaded_from":"2026-09-09T23:04:10.348Z","last_downloaded_at":"2026-09-09T23:04:29.662Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"225-20","title":"Unusual or Infrequently Occurring Items","topic_title":"Income Statement","score":0.7496,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9da5bdfb8631d7eb1630d158f761ff9a450afec0677f249a142324b84eeecaaa","downloaded_from":"2026-09-09T23:08:16.351Z","last_downloaded_at":"2026-09-09T23:08:39.420Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"360-980","title":"Regulated Operations","topic_title":"Property, Plant, and Equipment","score":0.6633,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c9ff7fb951186408ead02bc8a38ca253fb5a4782c45e511cadb407623787ef1","downloaded_from":"2026-09-10T00:13:03.015Z","last_downloaded_at":"2026-09-10T00:13:32.748Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"980-20","title":"Discontinuation of Rate-Regulated Accounting","topic_title":"Regulated 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Income","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2367b7f9b3898c667e8142740431f5d3d4e9a442306825b988b2e504722169c9","downloaded_from":"2026-09-09T23:04:31.551Z","last_downloaded_at":"2026-09-09T23:04:49.642Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f535e6b452a31dd96d7686d8a8bad3baa7c8d3ef5c7f5435748dea056321b13","downloaded_from":"2026-09-09T23:04:10.348Z","last_downloaded_at":"2026-09-09T23:04:29.662Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-30","topic":"220","title":"Business Interruption Insurance","area":"Presentation","paragraphs":6,"summary":"ASC 220-30 governs how an entity presents and discloses recoveries under business interruption insurance — insurance covering lost gross margin, a portion of fixed charges and expenses related to that lost margin, and extra expenses incurred to mitigate the interruption loss. The core rule is permissive on presentation: an entity may choose any classification of the recoveries in the statement of operations so long as it is not contrary to existing GAAP (220-30-45-1). In exchange for that flexibility, the Subtopic mandates note disclosure of the event and the amount and location of recoveries recognized.","concepts":["business interruption insurance","insurance recoveries","lost gross margin","fixed charges and expenses","income statement classification","note disclosure","extra expenses to mitigate loss"],"categories":["Presentation","Disclosure","Financial statement presentation","Contingencies and guarantees"],"level":"introductory","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-30-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Business Interruption Insurance Added Maintenance Update 2017-19 (PDF) 11/15/2017
Gross Margin Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-30-05-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-30-05-2 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-30-15-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-30-45-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
220-30-50-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nBusiness Interruption Insurance | Added | Maintenance Update 2017-19 | 11/15/2017 |\nGros…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:868ee0b0f8b6dda5e8fa4397e54745c581e307965790741e3b87f7041c20b7cd","downloaded_from":"2026-09-09T23:04:31.551Z","last_downloaded_at":"2026-09-09T23:04:31.551Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483609","source_sha256":"f642b9ceac262cb223aba57406483c7f33935484f6b0e68d3a95fe0667435e23"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5983ac728aff617ab2432f00c79d90b58de626a25e1b55a4724bc2fe00e9a6e8","downloaded_from":"2026-09-09T23:04:31.551Z","last_downloaded_at":"2026-09-09T23:04:31.551Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483609","source_sha256":"f642b9ceac262cb223aba57406483c7f33935484f6b0e68d3a95fe0667435e23"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:339f9db5c6b81cb8e5294da31d2351669f31dff2bc56e83c617d57a18ac3f3ae","downloaded_from":"2026-09-09T23:04:31.551Z","last_downloaded_at":"2026-09-09T23:04:31.551Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483609","source_sha256":"f642b9ceac262cb223aba57406483c7f33935484f6b0e68d3a95fe0667435e23"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-30-05-1","para":"05-1","html":"
This Subtopic provides presentation and disclosure guidance for business interruption insurance.
","snippet":"This Subtopic provides presentation and disclosure guidance for business interruption insurance.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c16b45eda21434944edc250bab7be3cb054354f5612bd0b0cc2f9a281302d61","downloaded_from":"2026-09-09T23:04:34.795Z","last_downloaded_at":"2026-09-09T23:04:34.795Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483608","source_sha256":"94106eae8f7041c86239d95f9ab8879dcf2ad3f0e82e2b1214af484771948b9f"}},{"citation":"220-30-05-2","para":"05-2","html":"
The types of costs and losses covered by business interruption insurance typically include the following:
  1. a
    Gross margin that was lost or not earned due to the suspension of normal operations
  2. b
    A portion of fixed charges and expenses in relation to that lost gross margin
  3. c
    Other expenses incurred to reduce the loss from business interruption (for example, rent of temporary facilities and equipment, use of subcontractors, and so forth).
","snippet":"The types of costs and losses covered by business interruption insurance typically include the following:\n(a) Gross margin that was lost or not earned due to the suspension of normal operations\n(b) A portion of fixed cha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:88eac3b49b302f106ba100babffae12df20584f29f081e9e84bcccd9372f112a","downloaded_from":"2026-09-09T23:04:34.795Z","last_downloaded_at":"2026-09-09T23:04:34.795Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483608","source_sha256":"94106eae8f7041c86239d95f9ab8879dcf2ad3f0e82e2b1214af484771948b9f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a8490d0e85a0e245790896be3a8f5d7bdada55de6d9c3994b124bb57bfef301d","downloaded_from":"2026-09-09T23:04:34.795Z","last_downloaded_at":"2026-09-09T23:04:34.795Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483608","source_sha256":"94106eae8f7041c86239d95f9ab8879dcf2ad3f0e82e2b1214af484771948b9f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84068a31685e277e211f531dc9e39a5c88f4e31cade2426d2aba6502e55c2c50","downloaded_from":"2026-09-09T23:04:34.795Z","last_downloaded_at":"2026-09-09T23:04:34.795Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483608","source_sha256":"94106eae8f7041c86239d95f9ab8879dcf2ad3f0e82e2b1214af484771948b9f"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"220-30-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 220-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 220-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ae8c67b0a9bee2bc282cdcaa210a039163636a0ee071bf6e8a0f0eefd250340","downloaded_from":"2026-09-09T23:04:38.881Z","last_downloaded_at":"2026-09-09T23:04:38.881Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483606","source_sha256":"41ec7f457a4e3d09854d96bae14b67c0ecd7571f05d587438fb5641e8f242cba"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4bde33d8d124acb06494fb565d2529a359ec0dfe2e1d8318204c836f4e336333","downloaded_from":"2026-09-09T23:04:38.881Z","last_downloaded_at":"2026-09-09T23:04:38.881Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483606","source_sha256":"41ec7f457a4e3d09854d96bae14b67c0ecd7571f05d587438fb5641e8f242cba"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:09d735ebf9f09cf915eb60b20275e5f0f79fcd9542ed053cf6c4faa841015c43","downloaded_from":"2026-09-09T23:04:38.881Z","last_downloaded_at":"2026-09-09T23:04:38.881Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483606","source_sha256":"41ec7f457a4e3d09854d96bae14b67c0ecd7571f05d587438fb5641e8f242cba"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-30-45-1","para":"45-1","html":"
An entity may choose how to classify business interruption insurance recoveries in the statement of operations, as long as that classification is not contrary to existing generally accepted accounting principles (GAAP).
","snippet":"An entity may choose how to classify business interruption insurance recoveries in the statement of operations, as long as that classification is not contrary to existing generally accepted accounting principles (GAAP).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6896045fb38f7e7a18c96caec023f1e6811625a8ca86d44ae8558546a1ca356","downloaded_from":"2026-09-09T23:04:45.505Z","last_downloaded_at":"2026-09-09T23:04:45.505Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483604","source_sha256":"37c4815b8faed7c5a7613c9245ebe2cabe698c2448959b11a3acf4f337adeb6e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6eb6107844fb8e673c90d8c1ca856ba1ff1e103402b495b4575cd8568a7c6715","downloaded_from":"2026-09-09T23:04:45.505Z","last_downloaded_at":"2026-09-09T23:04:45.505Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483604","source_sha256":"37c4815b8faed7c5a7613c9245ebe2cabe698c2448959b11a3acf4f337adeb6e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7bad6a931d179401e539e6055772de0a27fb3395c29968241bbe3747e656e47","downloaded_from":"2026-09-09T23:04:45.505Z","last_downloaded_at":"2026-09-09T23:04:45.505Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483604","source_sha256":"37c4815b8faed7c5a7613c9245ebe2cabe698c2448959b11a3acf4f337adeb6e"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-30-50-1","para":"50-1","html":"
The following information shall be disclosed in the notes to financial statements in the period(s) in which business interruption insurance recoveries are recognized:
  1. a
    The nature of the event resulting in business interruption losses
  2. b
    The aggregate amount of business interruption insurance recoveries recognized during the period and the line item(s) in the statement of operations in which those recoveries are classified.
","snippet":"The following information shall be disclosed in the notes to financial statements in the period(s) in which business interruption insurance recoveries are recognized:\n(a) The nature of the event resulting in business int…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c8f17391fdf4c38668d6f71e713ad511b01144db187dc998577e3843f2752840","downloaded_from":"2026-09-09T23:04:47.526Z","last_downloaded_at":"2026-09-09T23:04:47.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483605","source_sha256":"8a15a649eb7975adbc406079d71ea57cb99a74a7e45e052fc2c743b853a945c2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95e4eb857f50c6e039bbead34b662b30cf6e54175aed5d947b3403935e5dfbc6","downloaded_from":"2026-09-09T23:04:47.526Z","last_downloaded_at":"2026-09-09T23:04:47.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483605","source_sha256":"8a15a649eb7975adbc406079d71ea57cb99a74a7e45e052fc2c743b853a945c2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b84f48bfc9f34d2d286bc7507f18977833468c4b678cddaa7d7c32b90756662","downloaded_from":"2026-09-09T23:04:47.526Z","last_downloaded_at":"2026-09-09T23:04:47.526Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483605","source_sha256":"8a15a649eb7975adbc406079d71ea57cb99a74a7e45e052fc2c743b853a945c2"}}],"enrichment":{"summary":"ASC 220-30 governs how an entity presents and discloses recoveries under business interruption insurance — insurance covering lost gross margin, a portion of fixed charges and expenses related to that lost margin, and extra expenses incurred to mitigate the interruption loss. The core rule is permissive on presentation: an entity may choose any classification of the recoveries in the statement of operations so long as it is not contrary to existing GAAP (220-30-45-1). In exchange for that flexibility, the Subtopic mandates note disclosure of the event and the amount and location of recoveries recognized.","key_points":["The Subtopic provides only presentation and disclosure guidance for business interruption insurance; it does not establish recognition or measurement rules (220-30-05-1).","Covered costs and losses typically include lost or unearned gross margin, a portion of fixed charges and expenses related to that lost gross margin, and other expenses incurred to reduce the interruption loss such as temporary facilities, equipment rent, and subcontractors (220-30-05-2).","Scope follows the Overall Subtopic, Section 220-10-15 (220-30-15-1).","An entity may choose how to classify business interruption insurance recoveries in the statement of operations, provided the classification is not contrary to existing GAAP (220-30-45-1).","In each period recoveries are recognized, the notes must disclose the nature of the event causing the business interruption losses (220-30-50-1(a)).","The notes must also disclose the aggregate amount of recoveries recognized during the period and the statement of operations line item(s) in which they are classified (220-30-50-1(b))."],"categories":["Presentation","Disclosure","Financial statement presentation","Contingencies and guarantees"],"audience_level":"introductory","student_note":"Exam traps center on the fact that this Subtopic gives a free choice of income statement line (it does not force extraordinary or \"other income\" treatment), but that freedom is conditioned on not violating other GAAP and on making the required disclosures. Students also wrongly assume ASC 220-30 tells you when to recognize a recovery — recognition of the insurance receivable/gain comes from other guidance (e.g., gain contingency rules), not here.","related_topics":["220-10","450-30","610-30","225-20"],"key_concepts":["business interruption insurance","insurance recoveries","lost gross margin","fixed charges and expenses","income statement classification","note disclosure","extra expenses to mitigate loss"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0f910430c85ea91016b14654d7606c9a3e99b30b8c21182dd2de6cbd7f39b81","downloaded_from":"2026-09-09T23:04:31.551Z","last_downloaded_at":"2026-09-09T23:04:49.642Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"225-30","title":"Business Interruption Insurance","topic_title":"Income Statement","score":0.7321,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:269c779e119e05181a8a5e78ee9577b60d254cc86f0380966710eb468a0759a4","downloaded_from":"2026-09-09T23:08:42.893Z","last_downloaded_at":"2026-09-09T23:08:58.783Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-944","title":"Financial Services—Insurance","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.6892,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:534ecad675570607044edc58f653ab4618abf23a1a3a2ffdff0f1c65e2fd123b","downloaded_from":"2026-09-09T23:06:00.472Z","last_downloaded_at":"2026-09-09T23:06:11.540Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-932","title":"Extractive Activities—Oil and Gas","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.6399,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c3212ecb7c5670199eb3f110193562b578f7c5b1df21a27f0677008e0ff47f1","downloaded_from":"2026-09-09T23:05:27.480Z","last_downloaded_at":"2026-09-09T23:05:41.911Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-30","title":"Gain Contingencies","topic_title":"Contingencies","score":0.6259,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:005dc313c9a91c3b26ef9ba1586fc8fba275c40ef45bca3eb6d52fda1710081d","downloaded_from":"2026-09-10T00:27:48.583Z","last_downloaded_at":"2026-09-10T00:28:10.377Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"825-944","title":"Financial Services—Insurance","topic_title":"Financial Instruments","score":0.6217,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79c642cb7767b663c0bea8289d8e58e3083927bd3ddbd4156daf66934404aedb","downloaded_from":"2026-09-10T01:45:26.659Z","last_downloaded_at":"2026-09-10T01:45:54.729Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-912","title":"Contractors—Federal Government","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.6217,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5962712e4ab5f9984a7f60665b840b230f91e11528cebf96aab133c1428b1c5","downloaded_from":"2026-09-09T23:05:16.949Z","last_downloaded_at":"2026-09-09T23:05:24.159Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"220-20","title":"Unusual or Infrequently Occurring Items","topic_title":"Income Statement—Reporting Comprehensive Income","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4be60bd0edbb88207d43458a2402b19e6b06d5a1629519bf6c89764d50d1d6ee","downloaded_from":"2026-09-09T23:04:10.348Z","last_downloaded_at":"2026-09-09T23:04:29.662Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"220-40","title":"Expense Disaggregation Disclosures","topic_title":"Income Statement—Reporting Comprehensive Income","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:89bb9cf2cccee635c12945d123f59ac93e8b7e84c10f9d8612995cafb40d7145","downloaded_from":"2026-09-09T23:04:51.666Z","last_downloaded_at":"2026-09-09T23:05:14.675Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf3d091c15d28685be04f1b37057a65b2574182d597700faa646eec0a8e82a36","downloaded_from":"2026-09-09T23:04:31.551Z","last_downloaded_at":"2026-09-09T23:04:49.642Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-40","topic":"220","title":"Expense Disaggregation Disclosures","area":"Presentation","paragraphs":67,"summary":"ASC 220-40 (added by ASU 2024-03) requires public business entities to disaggregate, in a tabular note disclosure, each \"relevant expense caption\" presented on the face of the income statement in continuing operations into prescribed natural expense categories: purchases of inventory, employee compensation, depreciation, intangible asset amortization, and DD&A of oil-and-gas/other depletion (220-40-50-6). Other GAAP-required expense, gain, and loss items must be pulled into the same table (220-40-50-21 through 50-22), expense reimbursements must be addressed (50-26 through 50-29), and any residual must be shown as \"other items\" with a qualitative description of its composition (50-30). Entities must also disclose total selling expenses and, annually, how they define selling expenses (50-35 through 50-36).","concepts":["relevant expense caption","expense disaggregation","tabular format disclosure","purchases of inventory","employee compensation","other items residual","cost-incurred versus expense-incurred basis","selling expenses"],"categories":["Disclosure","Presentation","Financial statement presentation","Inventory and PP&E"],"level":"intermediate","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-40-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Accretion ExpenseAddedAccounting Standards Update No. 2024-0311/04/2024
AcquireeAddedAccounting Standards Update No. 2024-0311/04/2024
AcquirerAmendedAccounting Standards Update No. 2025-0305/12/2025
AcquirerAddedAccounting Standards Update No. 2024-0311/04/2024
Acquisition by a Not-for-Profit EntityAddedAccounting Standards Update No. 2024-0311/04/2024
Acquisition CostsAddedAccounting Standards Update No. 2024-0311/04/2024
Asset Retirement ObligationAddedAccounting Standards Update No. 2024-0311/04/2024
BusinessAddedAccounting Standards Update No. 2024-0311/04/2024
Business CombinationAddedAccounting Standards Update No. 2024-0311/04/2024
Commencement Date of the Lease (Commencement Date)AddedAccounting Standards Update No. 2024-0311/04/2024
ContractAddedAccounting Standards Update No. 2024-0311/04/2024
Corporate Joint VentureAddedAccounting Standards Update No. 2024-0311/04/2024
CustomerAddedAccounting Standards Update No. 2024-0311/04/2024
Defined Benefit PlanAddedAccounting Standards Update No. 2024-0311/04/2024
Defined Contribution PlanAddedAccounting Standards Update No. 2024-0311/04/2024
Derivative InstrumentAddedAccounting Standards Update No. 2024-0311/04/2024
Direct Financing LeaseAddedAccounting Standards Update No. 2024-0311/04/2024
Employee (2nd def.)AddedAccounting Standards Update No. 2024-0311/04/2024
Employee CompensationAddedAccounting Standards Update No. 2024-0311/04/2024
Employee Stock Ownership PlanAddedAccounting Standards Update No. 2024-0311/04/2024
Environmental CreditAddedAccounting Standards Update No. 2026-0205/19/2026
Environmental Credit ObligationAddedAccounting Standards Update No. 2026-0205/19/2026
ExchangeAddedAccounting Standards Update No. 2025-1012/04/2025
Fair Value (2nd def.)AddedAccounting Standards Update No. 2025-1012/04/2025
Film CostsAddedAccounting Standards Update No. 2024-0311/04/2024
Finance LeaseAddedAccounting Standards Update No. 2024-0311/04/2024
Financial AssetAddedAccounting Standards Update No. 2026-0205/19/2026
Government GrantAddedAccounting Standards Update No. 2025-1012/04/2025
Hosting ArrangementAddedAccounting Standards Update No. 2024-0311/04/2024
ImpairmentAddedAccounting Standards Update No. 2024-0311/04/2024
Inactive EmployeesAddedAccounting Standards Update No. 2024-0311/04/2024
Income TaxesAddedAccounting Standards Update No. 2026-0205/19/2026
Intangible AssetsAddedAccounting Standards Update No. 2024-0311/04/2024
InventoryAddedAccounting Standards Update No. 2024-0311/04/2024
Joint VentureAddedAccounting Standards Update No. 2024-0311/04/2024
LeaseAddedAccounting Standards Update No. 2024-0311/04/2024
Lease TermAddedAccounting Standards Update No. 2024-0311/04/2024
Legal EntityAddedAccounting Standards Update No. 2024-0311/04/2024
LesseeAddedAccounting Standards Update No. 2024-0311/04/2024
LessorAddedAccounting Standards Update No. 2024-0311/04/2024
License AgreementAddedAccounting Standards Update No. 2024-0311/04/2024
Loss ContingencyAddedAccounting Standards Update No. 2024-0311/04/2024
Monetary AssetsAddedAccounting Standards Update No. 2025-1012/04/2025
Multiemployer PlanAddedAccounting Standards Update No. 2024-0311/04/2024
Natural Expense ClassificationAddedAccounting Standards Update No. 2024-0311/04/2024
Nonreciprocal Transfer (1st def.)AddedAccounting Standards Update No. 2026-0205/19/2026
Nonretirement Postemployment BenefitsAddedAccounting Standards Update No. 2024-0311/04/2024
Not-for-Profit EntityAddedAccounting Standards Update No. 2024-0311/04/2024
Oil- and Gas-Producing ActivitiesAddedAccounting Standards Update No. 2024-0311/04/2024
One-Time Employee Termination BenefitsAddedAccounting Standards Update No. 2024-0311/04/2024
Operating LeaseAddedAccounting Standards Update No. 2024-0311/04/2024
Other Postemployment BenefitsAddedAccounting Standards Update No. 2024-0311/04/2024
Pension BenefitsAddedAccounting Standards Update No. 2024-0311/04/2024
Postretirement BenefitsAddedAccounting Standards Update No. 2024-0311/04/2024
Private CompanyAddedAccounting Standards Update No. 2024-0311/04/2024
Public Business EntityAddedAccounting Standards Update No. 2024-0311/04/2024
ReinsuranceAddedAccounting Standards Update No. 2024-0311/04/2024
Right-of-Use AssetAddedAccounting Standards Update No. 2024-0311/04/2024
Sales-Type LeaseAddedAccounting Standards Update No. 2024-0311/04/2024
Security (2nd def.)AddedAccounting Standards Update No. 2024-0311/04/2024
Service Cost (Component of Net Periodic Pension Cost)AddedAccounting Standards Update No. 2024-0311/04/2024
Service Cost (Component of Net Periodic Postretirement Benefit Cost)AddedAccounting Standards Update No. 2024-0311/04/2024
Share-Based Payment ArrangementsAddedAccounting Standards Update No. 2024-0311/04/2024
Short-Term LeaseAddedAccounting Standards Update No. 2024-0311/04/2024
SubsidiaryAddedAccounting Standards Update No. 2024-0311/04/2024
Termination BenefitsAddedAccounting Standards Update No. 2024-0311/04/2024
Transaction Gain or LossAddedAccounting Standards Update No. 2024-0311/04/2024
Troubled Debt RestructuringAddedAccounting Standards Update No. 2024-0311/04/2024
Underlying AssetAddedAccounting Standards Update No. 2024-0311/04/2024
Underwriting RiskAddedAccounting Standards Update No. 2024-0311/04/2024
Variable Interest EntityAddedAccounting Standards Update No. 2024-0311/04/2024
WarrantyAddedAccounting Standards Update No. 2024-0311/04/2024
220-40-05-1AddedAccounting Standards Update No. 2024-0311/04/2024
220-40-15-1 through 15-3
AddedAccounting Standards Update No. 2024-0311/04/2024
220-40-50-1 through 50-36
AddedAccounting Standards Update No. 2024-0311/04/2024
220-40-50-21AmendedAccounting Standards Update No. 2026-0205/19/2026
220-40-50-21AmendedAccounting Standards Update No. 2025-1012/04/2025
220-40-55-1 through 55-25
AddedAccounting Standards Update No. 2024-0311/04/2024
220-40-65-1AmendedAccounting Standards Update No. 2025-0101/06/2025
220-40-65-1AddedAccounting Standards Update No. 2024-0311/04/2024
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nAccretion Expense | Added | Accounting Standards Update No. 2024-03 | 11/04/2024 |\nAcqui…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cdc9d468bf8d2d58bf61a94a26f15dae5193a6f0742b831bac5041424ee3c059","downloaded_from":"2026-09-09T23:04:51.666Z","last_downloaded_at":"2026-09-09T23:04:51.666Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476152","source_sha256":"812c88ec277353b4c66b34318447060bc992702ce9d089dea5391866b31a61e2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bbcdfa3dd24982eef94aa0c953cc2ec18c0f8fc36b5aefc428e2a9716104d10","downloaded_from":"2026-09-09T23:04:51.666Z","last_downloaded_at":"2026-09-09T23:04:51.666Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476152","source_sha256":"812c88ec277353b4c66b34318447060bc992702ce9d089dea5391866b31a61e2"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9f5629c90c99b74f69cfc4f74e6bd4b74ff6876cadd66977dd33bccdee74a7ab","downloaded_from":"2026-09-09T23:04:51.666Z","last_downloaded_at":"2026-09-09T23:04:51.666Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476152","source_sha256":"812c88ec277353b4c66b34318447060bc992702ce9d089dea5391866b31a61e2"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-40-05-1","para":"05-1","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1This Subtopic provides guidance on the disaggregation disclosure requirements for certain expense captions presented on the face of an entity’s income statement. This Subtopic also provides guidance on the disclosure of selling expenses.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1This Subtopic provides guidance on the disaggregation disclosure requirements for certain expense captions presented on the face …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c98d82705491c86d835733f8136b00854786f3f82f06bf302abcdffec045c1e5","downloaded_from":"2026-09-09T23:04:54.720Z","last_downloaded_at":"2026-09-09T23:04:54.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476147","source_sha256":"1692f273452473108c8013cfe2e732e5f952b94a9028fbe74066e5a45477ea29"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9e5366991dd57368905c4edd5afa3b1b40e57b9324c2cb5c6fc49ea2b65d3fde","downloaded_from":"2026-09-09T23:04:54.720Z","last_downloaded_at":"2026-09-09T23:04:54.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476147","source_sha256":"1692f273452473108c8013cfe2e732e5f952b94a9028fbe74066e5a45477ea29"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:98f88f13ba69ed1601ae880cec38a94d48a5748ac75673c4123e511f22e546d6","downloaded_from":"2026-09-09T23:04:54.720Z","last_downloaded_at":"2026-09-09T23:04:54.720Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476147","source_sha256":"1692f273452473108c8013cfe2e732e5f952b94a9028fbe74066e5a45477ea29"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"220-40-15-1","para":"15-1","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1This Subtopic has its own discrete scope, which is separate and distinct from the pervasive scope for this Topic as outlined in Section 220-10-15.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1This Subtopic has its own discrete scope, which is separate and distinct from the pervasive scope for this Topic as outlined in S…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7c515db403dfcae8398f8425f5ec8e33d9a37498407174723dabfb665bf55fe","downloaded_from":"2026-09-09T23:04:57.683Z","last_downloaded_at":"2026-09-09T23:04:57.683Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476146","source_sha256":"3c6b7c4394ac229df23250e242d4029a897a65ab6fcf704405a779327dc19fdd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4509bea3470e34a1bf85341d76ce47ef6f98af2c3af27afd37b582fd41e78be2","downloaded_from":"2026-09-09T23:04:57.683Z","last_downloaded_at":"2026-09-09T23:04:57.683Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476146","source_sha256":"3c6b7c4394ac229df23250e242d4029a897a65ab6fcf704405a779327dc19fdd"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"220-40-15-2","para":"15-2","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The guidance in this Subtopic applies to all public business entities.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The guidance in this Subtopic applies to all public business entities.","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:343a49c856ef1d693f08331d41d94a6229c9cea37d707edd6e066389e06bb355","downloaded_from":"2026-09-09T23:04:57.683Z","last_downloaded_at":"2026-09-09T23:04:57.683Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476146","source_sha256":"3c6b7c4394ac229df23250e242d4029a897a65ab6fcf704405a779327dc19fdd"}},{"citation":"220-40-15-3","para":"15-3","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The guidance in this Subtopic does not apply to the following entities:
  1. a
    Private companies
  2. b
    Not-for-profit entities
  3. c
    Employee benefit plans within the scope of any of the following Topics:
    1. 1
      Plan Accounting—Defined Benefit Pension Plans (Topic 960)
    2. 2
      Plan Accounting—Defined Contribution Pension Plans (Topic 962)
    3. 3
      Plan Accounting—Health and Welfare Benefit Plans (Topic 965).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The guidance in this Subtopic does not apply to the following entities:\n(a) Private companies\n(b) Not-for-profit entities\n(c) Emp…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cfca4e4014f28bfa61b20101fed36073435a46efd7bf81b3dea45fda0709f866","downloaded_from":"2026-09-09T23:04:57.683Z","last_downloaded_at":"2026-09-09T23:04:57.683Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476146","source_sha256":"3c6b7c4394ac229df23250e242d4029a897a65ab6fcf704405a779327dc19fdd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7221be085cff095373ff24075d562647b4910022c08593585d0dcc06e0ee627","downloaded_from":"2026-09-09T23:04:57.683Z","last_downloaded_at":"2026-09-09T23:04:57.683Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476146","source_sha256":"3c6b7c4394ac229df23250e242d4029a897a65ab6fcf704405a779327dc19fdd"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3a371160dc7cd3d80b29ff1b49918a3b4617ac3ef9c9b9a54a6a55688c5239b","downloaded_from":"2026-09-09T23:04:57.683Z","last_downloaded_at":"2026-09-09T23:04:57.683Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476146","source_sha256":"3c6b7c4394ac229df23250e242d4029a897a65ab6fcf704405a779327dc19fdd"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"220-40-50-1","para":"50-1","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The objective of the disclosure requirements in this Section is to provide disaggregated information about a public business entity’s expenses to help investors:
  1. a
    Better understand the entity’s performance
  2. b
    Better assess the entity’s prospects for future cash flows
  3. c
    Compare an entity’s performance over time and with that of other entities.
In addition, the disclosure requirements are intended to provide information about the relative proportion and trends of each category of expense identified in paragraph 220-40-50-6 in relation to the corresponding income statement expense caption amount in order to meet the overall objective described above. An entity shall consider the level of detail necessary to satisfy the disclosure objective and specific requirements of this Subtopic. An entity may use estimates or other methods that produce a reasonable approximation of the amounts required to be disclosed by this Subtopic.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The objective of the disclosure requirements in this Section is to provide disaggregated information about a public business enti…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b80456fe76a8d0c463f0e90f56717213d999bf61bba95e15c0135920d33fe4f9","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-2","para":"50-2","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1This Section includes the following (all of which apply only to expenses in continuing operations):
  1. a
    Required expense categories to be disclosed, identification of relevant expense captions, and practical expedients (see paragraphs
    220-40-50-6 through 50-20
    )
  2. b
    Tabular integration of other disclosure requirements (see paragraphs
    220-40-50-21 through 50-25
    )
  3. c
    Disclosure of expense reimbursements included in a relevant expense caption (see paragraphs
    220-40-50-26 through 50-29
    )
  4. d
    An amount and qualitative description of the composition of other items remaining in relevant expense captions (see paragraph 220-40-50-30)
  5. e
    Disclosure of the disaggregation of relevant expense captions that contain amounts within the scope of Topic 330 on inventory (see paragraphs
    220-40-50-31 through 50-34
    )
  6. f
    Requirements related to selling expenses (see paragraphs
    220-40-50-35 through 50-36
    ).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1This Section includes the following (all of which apply only to expenses in continuing operations):\n(a) Required expense categori…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1c33031f2fd5959f4c0e7fbc5f349d4b399825608c2260854fff1947d6b699c8","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-3","para":"50-3","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The requirements in this Section apply to interim and annual reporting periods, except for the requirement to disclose how an entity defines selling expenses (see paragraph 220-40-50-36), which only applies to annual reporting periods (or interim reporting periods if the definition is changed). An entity is required to include the disclosures listed in paragraphs
220-40-50-21 through 50-22
in a tabular format disclosure for interim reporting purposes only if the disclosure requirements referenced in those paragraphs are required in interim reporting periods by the guidance in other Topics.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The requirements in this Section apply to interim and annual reporting periods, except for the requirement to disclose how an ent…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee367551575847a3b9453b74fbfdcca4db9a1425ccb7dcb0eb4557808028f79b","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-4","para":"50-4","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The disclosure requirements in this Section shall be applied consistently for all periods presented. If an entity changes its display of the disclosure requirements in the current reporting period as a result of a change in the election of an alternative or a change in a definition of a disclosure in this Section, the entity shall:
  1. a
    Disclose the reason for the change in the period of the change (in the interim and annual reporting periods affected by the change)
  2. b
    Recast the prior periods presented for comparative purposes, except for the requirements in paragraphs
    220-40-50-22 through 50-23
    , unless it is impracticable to do so. If it is impracticable to do so, the entity shall disclose that fact and explain why it is impracticable to recast prior periods.
Changes described in this paragraph do not represent a change in accounting principle in accordance with Topic 250 on accounting changes and error corrections.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The disclosure requirements in this Section shall be applied consistently for all periods presented. If an entity changes its dis…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf64f79bc53e531b432cb20d4d9cbde1b57f8252da50cdf8d585e7f2a9300d40","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-5","para":"50-5","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1
Some entities provide condensed statements for interim reporting periods and, therefore, present different expense captions on their income statements at annual and interim reporting periods. For an entity that provides condensed statements for interim reporting periods, the guidance in paragraph 220-40-50-4 is applicable in instances in which an entity changes its display of the disclosure requirements for the current interim reporting period compared with the prior interim reporting period or in instances in which the entity changes its display of the disclosure requirements for the current annual reporting period compared with the prior annual reporting period.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Some entities provide condensed statements for interim reporting periods and, therefore, present different expense captions on th…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b354e91eeff95c3a07594da7615aad664049c1169795250bf014c4330a5cde3","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-6","para":"50-6","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For interim and annual reporting periods, an entity shall disaggregate, in a tabular format disclosure in the notes to financial statements, all relevant expense captions (see paragraphs
220-40-50-12 through 50-13
for guidance on identifying relevant expense captions) presented on the face of the income statement in continuing operations into the following expense categories:
  1. a
    Purchases of inventory (see paragraph 220-40-50-7)
  2. b
    Employee compensation (disclosing separately any one-time employee termination benefits, if applicable, see paragraph 220-40-50-21(e))
  3. c
    Depreciation (for separate requirement to disclose depreciation expense for the period in total, see paragraph 360-10-50-1(a))
  4. d
    Intangible asset amortization (for separate requirement to disclose intangible asset amortization expense for the period in total, see paragraph 350-30-50-2(a)(2))
  5. e
    Depreciation, depletion, and amortization of capitalized acquisition, exploration, and development costs recognized as part of oil- and gas-producing activities (see Subtopic 932-360 on extractive activities—oil and gas—property, plant, and equipment) or other amounts of depletion expense (see paragraph 220-40-50-11).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For interim and annual reporting periods, an entity shall disaggregate, in a tabular format disclosure in the notes to financial …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04c37bb35f9acb7fcac1675b9d39278fb578707a60645e416e03f58f0cd04bec","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-7","para":"50-7","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Purchases of inventory shall include only amounts within the scope of Topic 330 or within the scope of an Industry Subtopic in Topic 330 (collectively, Topic 330) but shall not include (regardless of the basis selected in paragraph 220-40-50-31) the amounts recognized from any of the following:
  1. a
    A business combination within the scope of Subtopic 805-10 on business combinations
  2. b
    A joint venture formation within the scope of Subtopic 805-60 on joint venture formations
  3. c
    The initial consolidation of a variable interest entity that is not a business combination within the scope of Subtopic 810-10 on consolidation.
Amounts excluded by this paragraph shall be included in the other items category, unless separately disclosed voluntarily (see paragraph 220-40-50-30). See paragraphs
220-40-50-31 through 50-34
for additional requirements for the disaggregation of relevant expense captions that contain amounts within the scope of Topic 330.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Purchases of inventory shall include only amounts within the scope of Topic 330 or within the scope of an Industry Subtopic in To…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:238fb1b21f56175d0f7f19958d20789100f29c14674f6660366cf2aeb611bdaa","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-8","para":"50-8","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1When applying the guidance in paragraph 220-40-50-6(b), an entity may elect, but is not required, to include amounts attributable to other transactions entered into for the benefit of employees (for example, the provision of subsidized goods or services) in employee compensation. For interim and annual reporting periods, an entity that includes other transactions entered into for the benefit of employees as part of employee compensation shall disclose both that those transactions have been included and a description of those transactions.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1When applying the guidance in paragraph 220-40-50-6(b), an entity may elect, but is not required, to include amounts attributable…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:90caa04dd81142b4b2eb883d07e265f6ad76920d0627b027159a66b96ec03dd7","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-9","para":"50-9","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The amounts provided for depreciation in accordance with paragraph 220-40-50-6(c) and intangible asset amortization in accordance with paragraph 220-40-50-6(d) shall be consistent with the classification of amounts used to satisfy the disclosure requirements for the total depreciation expense and total intangible asset amortization expense disclosures in paragraphs 360-10-50-1(a) and 350-30-50-2(a)(2), respectively, and with the classification of amounts described in paragraph 220-40-50-10.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The amounts provided for depreciation in accordance with paragraph 220-40-50-6(c) and intangible asset amortization in accordance…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a16939facd8d656eebc23cc3fd83753e1ae0c28447b6463bfbe8d278ceb3351d","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-10","para":"50-10","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Amortization of a right-of-use asset for a finance lease recognized in accordance with paragraphs
842-20-35-7 through 35-8
and amortization of leasehold improvements recognized in accordance with paragraphs
842-20-35-12 through 35-13
shall be disclosed in a manner consistent with how an entity presents depreciation or amortization of similar assets (see paragraph 842-20-45-4(a)). That is, amounts shall be included as part of either depreciation in paragraph 220-40-50-6(c) or intangible asset amortization in paragraph 220-40-50-6(d).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Amortization of a right-of-use asset for a finance lease recognized in accordance with paragraphs 842-20-35-7 through 35-8 and am…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a3e249eba6b77d240c2623648ae02dfc531a78dec67ea01df8b1dfbd1c6ad172","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-11","para":"50-11","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1In determining the amounts to be disclosed in paragraph 220-40-50-6(e), an entity also shall include amounts for depletion expense that are not recognized as part of oil- and gas-producing activities in accordance with Subtopic 932-360 (such as depletion expense recognized by entities within the scope of Topic 930 on mining).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1In determining the amounts to be disclosed in paragraph 220-40-50-6(e), an entity also shall include amounts for depletion expens…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:56ada55ba88c9d23285ae7cb3493c2fc9a3d319fc33709ed4b45610f748d851a","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-12","para":"50-12","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For the purposes of applying the guidance in this Subtopic, a relevant expense caption is an expense caption presented on the face of the income statement in continuing operations that contains any of the expenses listed in paragraph 220-40-50-6 (including those described in paragraphs
220-40-50-10 through 50-11
). A relevant expense caption that consists entirely of one expense category listed in paragraph 220-40-50-6 is not subject to the requirements of this Subtopic. For example, if depreciation is a relevant expense caption on the income statement and the caption consists entirely of depreciation in accordance with paragraph 220-40-50-6(c), no additional disclosure is required because the information in the income statement satisfies the disclosure requirements in this Subtopic. In contrast, if the relevant expense caption comprises depreciation and intangible asset amortization, an entity would be required to separately disclose depreciation and intangible asset amortization in accordance with paragraph 220-40-50-6(c) through (d), respectively. Furthermore, in accordance with paragraph 220-40-50-31, when a relevant expense caption contains amounts within the scope of Topic 330, an entity shall apply its chosen basis for disaggregating amounts within the scope of Topic 330 to the expense categories listed in paragraph 220-40-50-6.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For the purposes of applying the guidance in this Subtopic, a relevant expense caption is an expense caption presented on the fac…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1319908c5ce0c2f342dca5e99f47bbf6222b41fa5ab3f27c8bbf50e758c618b","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-13","para":"50-13","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity’s share of earnings or losses from investments accounted for under the equity method in accordance with paragraph 323-10-45-1 is not a relevant expense caption for purposes of applying the guidance in this Subtopic. Additionally, an entity is not required to further disaggregate its disclosure of summarized information of results of operations of investments accounted for under the equity method in accordance with paragraph 323-10-50-3(c).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1An entity’s share of earnings or losses from investments accounted for under the equity method in accordance with paragraph 323-1…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e396c60ee28968e216929b598e1b4a4c12d196e76632dc6a95543c44ff7344fa","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-14","para":"50-14","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1With the exception of inventory disclosed under the cost-incurred basis described in paragraph 220-40-50-31(a), an entity is not required to further disaggregate costs capitalized as an asset, even if the costs capitalized include the categories listed in paragraph 220-40-50-6. In addition, when an expense amount relates to the derecognition of an asset other than inventory, an entity shall apply the guidance in paragraph 220-40-50-6 based on the nature of the expense at the time that it is recognized in the income statement.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1With the exception of inventory disclosed under the cost-incurred basis described in paragraph 220-40-50-31(a), an entity is not …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:94bfb7ec993a1a890c5ba0135df62f5ce274809b5584af2e013f769072d07d32","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-15","para":"50-15","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1To illustrate the application of the requirements in paragraph 220-40-50-14, an entity is not required to further disaggregate amortization of costs to fulfill a contract with a customer into the categories required by paragraph 220-40-50-6 (for example, employee compensation). As another example, an entity that capitalizes employee compensation when self-constructing new property, plant, and equipment for internal use is not required to further disaggregate the resulting depreciation into the categories listed in paragraph 220-40-50-6.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1To illustrate the application of the requirements in paragraph 220-40-50-14, an entity is not required to further disaggregate am…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:51449a89cd92217d0f09d8ea3ea3a4e2c73e1f0d963289f6491588cae3935540","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-16","para":"50-16","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity is not required to disaggregate an expense amount into the required expense categories as part of the disclosures required by paragraph 220-40-50-6 if all of the following criteria are met:
  1. a
    The expense relates to an obligation that will be settled in the future and there is uncertainty about the timing of settlement.
  2. b
    The expense relates to an obligation that is based on an estimate of a future expenditure.
  3. c
    The expense is not entirely made up of one required expense category (for example, employee compensation).
An expense that meets the above criteria may be required to be disclosed in the same tabular format if it is listed in paragraphs
220-40-50-21 through 50-22
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1An entity is not required to disaggregate an expense amount into the required expense categories as part of the disclosures requi…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f31764f2f2ba0ce915c9b00df40934bc04c3426ecc7381b4989901196c0b9ee","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-17","para":"50-17","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Examples of expenses that meet the criteria in paragraph 220-40-50-16 include provision for losses on contracts (see Subtopic 605-35 on revenue recognition—construction-type and production-type contracts), claims and claims adjustment expenses, and asset retirement obligations, among others.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Examples of expenses that meet the criteria in paragraph 220-40-50-16 include provision for losses on contracts (see Subtopic 605…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:571472bc21b7a78b2d2c0a7b579a1a027edb74fe9455315b5dce51c927c48e02","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-18","para":"50-18","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Examples of expenses that do not meet the criteria in paragraph 220-40-50-16 include expense amounts related to accruals for liabilities to pay for goods or services that have been received or supplied but have not been paid or invoiced, including amounts due to employees (for example, amounts relating to accrued bonuses, vacation pay, or pension obligations).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Examples of expenses that do not meet the criteria in paragraph 220-40-50-16 include expense amounts related to accruals for liab…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb48edeb146827d2aa732083bb1d160e78e14d65293f3e842b91c19c68997fe0","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-19","para":"50-19","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1As a practical expedient, when substantially all of an entity’s income statement expense caption comprises purchases of inventory as described in paragraph 220-40-50-7, the entity is not required to apply the guidance in paragraph 220-40-50-6 to that caption. An entity that applies this practical expedient shall disclose a qualitative description of the composition of the expense caption in interim and annual reporting periods.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1As a practical expedient, when substantially all of an entity’s income statement expense caption comprises purchases of inventory…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:add874c69b2f3df05ce7ead0aecd729cbfd2df1d97ac4b30d806cb836fb91508","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-20","para":"50-20","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1As a practical expedient for determining what amounts are classified as employee compensation in paragraph 220-40-50-6(b), an entity that presents an expense caption for salaries and employee benefits (or a similarly named caption) on the face of its income statement to comply with the requirements in SEC Regulation S-X Rule 210.9-04, Statements of Comprehensive Income (see paragraph 942-220-S99-1), may use the amounts classified as salaries and employee benefits in accordance with SEC Regulation S-X Rule 210.9-04 rather than in accordance with the definition of employee compensation included in this Subtopic.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1As a practical expedient for determining what amounts are classified as employee compensation in paragraph 220-40-50-6(b), an ent…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0b9b078a8b59b09d2ef07fb4c7c78205df0f3eda591ca84af8f2ea56d512e2f","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-21","para":"50-21","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity shall disclose, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are provided, each of the following expenses, gains, and losses and the amount recognized in each relevant expense caption (see paragraphs
220-40-50-12 through 50-13
for guidance on identifying relevant expense captions):
  1. a
    The amount of research and development assets acquired in a transaction other than a business combination and written off (see paragraph 350-30-50-1(c))
  2. b
    Impairment loss recognized related to an intangible asset (see paragraph 350-30-50-3)
  3. c
    Impairment loss of long-lived assets classified as held and used (see paragraph 360-10-50-2)
  4. d
    Gain or loss recognized in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5 for long-lived assets classified as held for sale or disposed of (see paragraph 360-10-50-3)
  5. e
    Each major type of cost associated with an exit or disposal activity (for example, one-time employee termination benefits, contract termination costs, and other associated costs) (see paragraph 420-10-50-1)
  6. f
    Components of net benefit cost recognized (other than service cost amounts included within employee compensation) (see paragraph 715-20-50-1(h))
  7. g
    Bargain purchase gain recognized in a business combination (see paragraph 805-30-50-1(f))
  8. h
    Any gain or loss recognized upon the deconsolidation of a subsidiary or the derecognition of a group of assets in accordance with paragraph 810-10-40-3A (see paragraph 810-10-50-1B)
  9. i
    Gains and losses on derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments in accordance with paragraphs 815-20-25-58 and 815-20-25-66) and related hedged items (see paragraph 815-10-50-4A)
  10. j
    Amortization of license agreements for program material (see paragraph 920-350-50-2)
  11. k
    Impairment of license agreements for program material (see paragraph 920-350-50-4)
  12. l
    Amortization of film costs (see paragraph 926-20-50-4A)
  13. m
    Impairment of film costs (see paragraph 926-20-50-4C).
These disclosures shall be included in the tabular format disclosure required by paragraph 220-40-50-6 using the same frequency (that is, whether the disclosure is required at interim and annual reporting periods or only annual reporting periods) as required by the corresponding Topic.
Transition date:(P) December 16, 2028; (N) December 16, 2029Transition guidance:
832-10-65-2An entity shall disclose, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are provided, each of the following expenses, gains, and losses and the amount recognized in each relevant expense caption (see paragraphs
220-40-50-12 through 50-13
for guidance on identifying relevant expense captions):
  1. a
    The amount of research and development assets acquired in a transaction other than a business combination and written off (see paragraph 350-30-50-1(c))
  2. b
    Impairment loss recognized related to an intangible asset (see paragraph 350-30-50-3)
  3. c
    Impairment loss of long-lived assets classified as held and used (see paragraph 360-10-50-2)
  4. d
    Gain or loss recognized in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5 for long-lived assets classified as held for sale or disposed of (see paragraph 360-10-50-3)
  5. e
    Each major type of cost associated with an exit or disposal activity (for example, one-time employee termination benefits, contract termination costs, and other associated costs) (see paragraph 420-10-50-1)
  6. f
    Components of net benefit cost recognized (other than service cost amounts included within employee compensation) (see paragraph 715-20-50-1(h))
  7. g
    Bargain purchase gain recognized in a business combination (see paragraph 805-30-50-1(f))
  8. h
    Any gain or loss recognized upon the deconsolidation of a subsidiary or the derecognition of a group of assets in accordance with paragraph 810-10-40-3A (see paragraph 810-10-50-1B)
  9. i
    Gains and losses on derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments in accordance with paragraphs 815-20-25-58 and 815-20-25-66) and related hedged items (see paragraph 815-10-50-4A)
  10. j
    Amortization of license agreements for program material (see paragraph 920-350-50-2)
  11. k
    Impairment of license agreements for program material (see paragraph 920-350-50-4)
  12. l
    Amortization of film costs (see paragraph 926-20-50-4A)
  13. m
    Impairment of film costs (see paragraph 926-20-50-4C)
  14. n
    The total amount of a government grant recognized during the reporting period and presented as a deduction from the related expense (see paragraphs 832-10-45-1(b), 832-10-45-3(b), and 832-10-50-3A).
These disclosures shall be included in the tabular format disclosure required by paragraph 220-40-50-6 using the same frequency (that is, whether the disclosure is required at interim and annual reporting periods or only annual reporting periods) as required by the corresponding Topic.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
818-10-65-1An entity shall disclose, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are provided, each of the following expenses, gains, and losses and the amount recognized in each relevant expense caption (see paragraphs
220-40-50-12 through 50-13
for guidance on identifying relevant expense captions):
  1. a
    The amount of research and development assets acquired in a transaction other than a business combination and written off (see paragraph 350-30-50-1(c))
  2. b
    Impairment loss recognized related to an intangible asset (see paragraph 350-30-50-3)
  3. c
    Impairment loss of long-lived assets classified as held and used (see paragraph 360-10-50-2)
  4. d
    Gain or loss recognized in accordance with paragraphs
    360-10-35-37 through 35-45
    and 360-10-40-5 for long-lived assets classified as held for sale or disposed of (see paragraph 360-10-50-3)
  5. e
    Each major type of cost associated with an exit or disposal activity (for example, one-time employee termination benefits, contract termination costs, and other associated costs) (see paragraph 420-10-50-1)
  6. f
    Components of net benefit cost recognized (other than service cost amounts included within employee compensation) (see paragraph 715-20-50-1(h))
  7. g
    Bargain purchase gain recognized in a business combination (see paragraph 805-30-50-1(f))
  8. h
    Any gain or loss recognized upon the deconsolidation of a subsidiary or the derecognition of a group of assets in accordance with paragraph 810-10-40-3A (see paragraph 810-10-50-1B)
  9. i
    Gains and losses on derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments in accordance with paragraphs 815-20-25-58 and 815-20-25-66) and related hedged items (see paragraph 815-10-50-4A)
  10. j
    Amortization of license agreements for program material (see paragraph 920-350-50-2)
  11. k
    Impairment of license agreements for program material (see paragraph 920-350-50-4)
  12. l
    Amortization of film costs (see paragraph 926-20-50-4A)
  13. m
    Impairment of film costs (see paragraph 926-20-50-4C)
  14. n
    The total amount of a government grant recognized during the reporting period and presented as a deduction from the related expense (see paragraphs 832-10-45-1(b), 832-10-45-3(b), and 832-10-50-3A)
  15. o
    Total expense recognized for environmental credits not initially recognized as an asset in accordance with paragraph 818-20-25-1 or subsequently derecognized in accordance with paragraph 818-20-40-2 (see paragraph 818-20-50-3(a))
  16. p
    Total impairment expense recognized during the reporting period relating to environmental credits (see paragraph 818-20-50-3(b))
  17. q
    Total expense recognized for environmental credit obligation liabilities (see paragraph 818-30-50-3).
These disclosures shall be included in the tabular format disclosure required by paragraph 220-40-50-6 using the same frequency (that is, whether the disclosure is required at interim and annual reporting periods or only annual reporting periods) as required by the corresponding Topic.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1An entity shall disclose, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are pr…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a03646ee62b2826232d8b7d05f59f2eb013c968c8ac7d913af967f9fecd146ae","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-22","para":"50-22","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity shall disclose, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are provided, each of the following amounts if those amounts are included entirely in one expense caption that also is a relevant expense caption (see paragraphs
220-40-50-12 through 50-13
for guidance on identifying relevant expense captions):
  1. a
    Provision for expected credit losses (see paragraphs 326-20-50-13 and 326-30-50-9)
  2. b
    Losses on firm purchase commitments (see paragraph 330-10-50-5)
  3. c
    Amortization expense attributable to the expiration of an insurance or reinsurance coverage provided under a contract that transfers only significant underwriting risk (see paragraph 340-30-50-2)
  4. d
    Amortization of costs to fulfill a contract with a customer (see paragraph 340-40-50-3)
  5. e
    Impairment of costs to fulfill a contract with a customer (see paragraph 340-40-50-3)
  6. f
    Amortization of costs to obtain a contract with a customer (see paragraph 340-40-50-3)
  7. g
    Impairment of costs to obtain a contract with a customer (see paragraph 340-40-50-3)
  8. h
    Amortization of capitalized implementation costs of hosting arrangements that are service contracts (see paragraph 350-40-50-3)
  9. i
    Asset retirement obligationaccretion expense (see paragraph 410-20-50-1)
  10. j
    Loss contingencies recognized (see paragraph 450-20-50-1)
  11. k
    Warranty expense (the total of expenses recognized related to aggregate changes in the liability for accruals related to product warranties issued during the reporting period and the aggregate changes in the liability for accruals related to preexisting warranties, including adjustments related to changes in estimates) (see paragraph 460-10-50-8)
  12. l
    Expense related to counterparty default in own-share lending arrangements issued in contemplation of convertible debt issuance (see paragraph 470-20-50-2C)
  13. m
    Aggregate gain on restructuring of payables by a debtor with a troubled debt restructuring (see paragraph 470-60-50-1)
  14. n
    Gains and losses upon consolidation of a variable interest entity that is not a business (see paragraph 810-10-50-3)
  15. o
    Foreign currency transaction gains or losses (see paragraph 830-20-50-1)
  16. p
    Operating lease cost (see paragraph 842-20-50-4)
  17. q
    Short-term lease cost (see paragraph 842-20-50-4)
  18. r
    Variable lease cost (see paragraph 842-20-50-4)
  19. s
    Net gain or loss recognized from sale and leaseback transactions (see paragraph 842-20-50-4)
  20. t
    Gains and losses from nonmonetary transactions (see paragraph 845-10-50-1)
  21. u
    Amortization of capitalized acquisition costs (see paragraph 944-30-50-1(c)).
These disclosures shall be included in the tabular format disclosure required by paragraph 220-40-50-6 using the same frequency (that is, whether the disclosure is required at interim and annual reporting periods or only annual reporting periods) as required by the corresponding Topic.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1An entity shall disclose, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are pr…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e55dd553a5ea15f13a1127c7a8437df3fbb952dbd1d85152b3a0373ff265912e","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-23","para":"50-23","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1If there is a change in facts and circumstances that results in an item listed in paragraph 220-40-50-22 changing from being included in one relevant expense caption in the current reporting period and multiple relevant expense captions in a comparative period, or vice versa, an entity shall provide the disclosure required by paragraph 205-10-50-1.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1If there is a change in facts and circumstances that results in an item listed in paragraph 220-40-50-22 changing from being incl…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df4a45bc12b7d884cf1dcfad807f86b202ab154f1ee0b19715f74b9f8c53a3d8","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-24","para":"50-24","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The presence of the expenses, gains, and losses listed in paragraphs
220-40-50-21 through 50-22
would not cause an expense caption to be a relevant expense caption. An entity only shall include the applicable expenses listed in paragraphs
220-40-50-21 through 50-22
in the tabular format disclosures if an expense caption is a relevant expense caption in accordance with paragraphs
220-40-50-12 through 50-13
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The presence of the expenses, gains, and losses listed in paragraphs 220-40-50-21 through 50-22 would not cause an expense captio…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff3adff96806ded6dfbc9c5db507437d26c4e01a6bf3e13c201ad459c36079f5","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-25","para":"50-25","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1To illustrate the application of the requirements in paragraph 220-40-50-22, if cost of sales was a relevant expense caption (because cost of sales includes purchases of inventory described in paragraph 220-40-50-6(a)) and if amortization of costs to fulfill a contract with a customer was recognized entirely in cost of sales and not in multiple expense captions presented on the face of the income statement, then amortization of costs to fulfill a contract with a customer would be required to be included as a separate category in the tabular format disclosure in addition to the categories required by paragraph 220-40-50-6.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1To illustrate the application of the requirements in paragraph 220-40-50-22, if cost of sales was a relevant expense caption (bec…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a6531e7b831a34587e4a84c69b148a54b9433b8f337d5fb2318a3656a5e4e5b","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-26","para":"50-26","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For interim and annual reporting periods, an entity that presents a relevant expense caption that includes amounts that are recorded net of an expense reimbursement related to a cost-sharing or cost-reimbursement arrangement from another entity, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are provided, shall either:
  1. a
    Separately disclose the amount of the expense reimbursement
  2. b
    Disclose the amounts of the expense categories required by paragraphs 220-40-50-6 and
    220-40-50-21 through 50-22
    that are included in the relevant expense caption net of any reimbursement effects.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For interim and annual reporting periods, an entity that presents a relevant expense caption that includes amounts that are recor…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f773f2d056d8e526054ec1d6c921149b4b7a37ce27139c7fd9d30708303270b6","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-27","para":"50-27","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For interim and annual reporting periods, an entity shall disclose how expense reimbursements related to a cost-sharing or cost-reimbursement arrangement are included in the tabular format disclosure, as described in paragraph 220-40-50-26.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For interim and annual reporting periods, an entity shall disclose how expense reimbursements related to a cost-sharing or cost-r…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79c89ace39eff6f64442b828bdb6e757d09d5cf899bf5baac96a2b5359285ee4","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-28","para":"50-28","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For interim and annual reporting periods, an entity that includes an expense reimbursement related to a cost-sharing or cost-reimbursement arrangement to another entity in a relevant expense caption shall separately disclose the amount of that expense reimbursement in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are provided.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For interim and annual reporting periods, an entity that includes an expense reimbursement related to a cost-sharing or cost-reim…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6438d287654a449db2264443139afb502ddfa688432e78d76e68a07114e78dd6","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-29","para":"50-29","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For interim and annual reporting periods, when applying the guidance in paragraph 220-40-50-26(a) or 220-40-50-28, an entity shall disclose qualitative descriptions of the expense categories (based on their natural expense classification) to which an expense reimbursement relates.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For interim and annual reporting periods, when applying the guidance in paragraph 220-40-50-26(a) or 220-40-50-28, an entity shal…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2a29a5d6febd280db392978b2ce0d995de775e20a3b808a93690bc69909a75e6","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-30","para":"50-30","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For interim and annual reporting periods, an entity, in the same tabular format disclosure in which the disclosures required by paragraph 220-40-50-6 are provided, shall disclose for each relevant expense caption an amount for other items. The amount for other items is the difference between the following:
  1. a
    The amount of the relevant expense caption presented on the face of the income statement
  2. b
    The aggregate amount of expense categories separately disclosed in accordance with paragraphs 220-40-50-6,
    220-40-50-21 through 50-22
    , 220-40-50-26(a), and 220-40-50-28 that are included in the relevant expense caption.
For interim and annual reporting periods, an entity also shall disclose qualitative descriptions of the composition (based on their natural expense classification) of other items. The detail provided in those qualitative disclosures shall be commensurate with the significance of the amounts being described. Notwithstanding that requirement, an entity is not precluded from further disaggregating relevant expense captions before applying the guidance in this paragraph to the remaining other items. Additional voluntary disclosures may be provided inside or outside the tabular disclosure if those disclosures are not combined with the disaggregated expense amounts required by paragraphs 220-40-50-6,
220-40-50-21 through 50-22
, 220-40-50-26(a), and 220-40-50-28.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For interim and annual reporting periods, an entity, in the same tabular format disclosure in which the disclosures required by p…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8dac197cbb09b163b8265b498ac19314fd1ff3999c2e466af2508061584ec674","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-31","para":"50-31","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1The following are two acceptable bases for disclosing the disaggregation of a relevant expense caption that contains expense amounts related to inventory within the scope of Topic 330:
  1. a
    Cost-incurred basis. The amounts disclosed for the disaggregation of a relevant expense caption comprise costs incurred that were capitalized to inventory in accordance with Topic 330 during the current reporting period and any costs incurred that were directly expensed during the current reporting period (including costs that are capitalizable in accordance with Topic 330 but were directly expensed to the income statement). Under this basis, in interim and annual reporting periods, an entity shall disclose an amount for changes in inventories and an amount for other adjustments and reconciling items to reconcile the costs incurred to the total relevant expense caption (see paragraphs
    220-40-50-32 through 50-34
    ).
  2. b
    Expense-incurred basis. The amounts disclosed for the disaggregation of a relevant expense caption comprise expense amounts related to the derecognition of inventory that was previously capitalized in accordance with Topic 330 and any costs incurred that were directly expensed during the current reporting period (including costs that are capitalizable in accordance with Topic 330 but were directly expensed to the income statement). Under this basis, an entity shall disclose the expense amounts related to the derecognition of inventory based on the natural expense category of the costs when they were initially incurred (for example, the expense from the derecognition of inventory may relate to purchases of inventory and employee compensation incurred in prior periods).
In many cases, an entity’s chosen basis will result in disclosed amounts that are different than if the entity had chosen the alternative basis. An entity’s chosen basis should be applied consistently to all expense categories listed in paragraph 220-40-50-6.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1The following are two acceptable bases for disclosing the disaggregation of a relevant expense caption that contains expense amou…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d7bfda7d64873f1612fa62226af7d25aa59600a7dec212c10a62b734da66719c","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-32","para":"50-32","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1When the amounts disclosed in accordance with paragraph 220-40-50-6 include costs incurred that were capitalized to inventory in accordance with Topic 330 during the reporting period (because an entity has applied the cost-incurred basis in paragraph 220-40-50-31(a)), those amounts often will not equal the amounts expensed as incurred during the reporting period. If the amount of expense recognized and the amount of costs incurred in the current reporting period are not equal, then an entity shall disclose in interim and annual reporting periods a category for the changes in inventories balances to reconcile the costs incurred (which shall include costs capitalized to inventory and costs expensed during the reporting period) to expenses recognized. The amount disclosed for changes in inventories in the current reporting period shall equal the difference between the amount of inventory included on the balance sheet at the end of the prior reporting period and the amount of inventory included on the balance sheet at the end of the current reporting period. As described in paragraph 220-40-50-33, a separate category that comprises any other adjustments and reconciling items shall be provided to reconcile costs incurred to expenses recognized during the reporting period.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1When the amounts disclosed in accordance with paragraph 220-40-50-6 include costs incurred that were capitalized to inventory in …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:060baccd77f43014b4586c3bc6916a8c0ff0215e7961ec906a362fc8d9d4b4ee","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-33","para":"50-33","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1In addition to the changes in inventories category described in paragraph 220-40-50-32, for interim and annual reporting periods, under the cost-incurred basis (see paragraph 220-40-50-31(a)), an entity shall disclose the amount of other adjustments and reconciling items that include (to the extent not disclosed in a separate caption) other amounts that are necessary to reconcile costs incurred to expenses recognized. For example, those items would include, if applicable:
  1. a
    The amount of inventory derecognized during the period that is not recognized as an expense (for example, inventory derecognized as part of derecognition transactions within the scope of Subtopic 810-10 on consolidation)
  2. b
    The amount attributable to differences in the foreign currency exchange rates used to translate costs incurred, the beginning balance of inventory, and the ending balance of inventory in accordance with Subtopic 830-30 on foreign currency matters—translation of financial statements.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1In addition to the changes in inventories category described in paragraph 220-40-50-32, for interim and annual reporting periods,…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e644b260e29c9ccca0ddaa9fa6acfac8d7627e84906cb1026cd6a18ac547643d","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-34","para":"50-34","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Consistent with the requirements in paragraph 220-40-50-30, for interim and annual reporting periods, an entity shall qualitatively describe the nature of amounts (based on their natural expense classification when applicable) included in other adjustments and reconciling items in accordance with paragraph 220-40-50-33.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Consistent with the requirements in paragraph 220-40-50-30, for interim and annual reporting periods, an entity shall qualitative…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:832b336547e12d10ed1e4e12c8cbf11503f54da02450bbb010344e619a964e28","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-35","para":"50-35","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For interim and annual reporting periods, an entity shall disclose, in the notes to financial statements, the total selling expenses recognized in continuing operations.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For interim and annual reporting periods, an entity shall disclose, in the notes to financial statements, the total selling expen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00ad5185ddad6698324a4f3a45b3add1a16eb35a3b8791d1e8f12cb443a571b7","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"citation":"220-40-50-36","para":"50-36","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An entity shall make its own determination of what constitutes a selling expense. An entity’s definition of selling expenses shall include only items that are presented as expenses in the income statement. An entity shall disclose how it defines the term selling expenses in annual reporting periods (or in interim reporting periods if the definition is changed).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1An entity shall make its own determination of what constitutes a selling expense. An entity’s definition of selling expenses shal…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4381b612f4e853a306733227267a5169a53ed345512cafcd6158b7cbe6d4de6d","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:deb5a81a3eb6f5ff931887288d0b653a3d2bf03037644b33de2eca80f7961c25","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9a4e5781d21514151f879f27d5699a35946bfdd915d7155eae087734eae221f0","downloaded_from":"2026-09-09T23:05:04.139Z","last_downloaded_at":"2026-09-09T23:05:04.139Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476148","source_sha256":"af66cad53fe5e4f5526629d8522cdea3bffdf1e58ca0ee4156ca715cc82f5f7a"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-40-55-1","para":"55-1","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1This Section is an integral part of the requirements of this Subtopic. This Section provides additional guidance and illustrations of the disaggregation of income statement expenses and other disclosures required by paragraphs
220-40-50-1 through 50-36
. The illustrations are intended as examples only and do not represent a required format for the disclosures. Furthermore, there may be incremental disclosure guidance otherwise applicable to an item or amount under other generally accepted accounting principles, which has not been illustrated in this Section. Paragraphs 220-40-50-6,
220-40-50-21 through 50-22
, 220-40-50-26, 220-40-50-28, and
220-40-50-30 through 50-33
require that an entity provide certain disclosures in a tabular format disclosure.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1This Section is an integral part of the requirements of this Subtopic. This Section provides additional guidance and illustration…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9fa159760d029f191cfad4b58e255ba8216afed07cc1d3882c618cdeff878af","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b6c4dc792b29d0faeee1d45abef9fed65f28d37ede607a267b2f829d979034d6","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"220-40-55-2","para":"55-2","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Application of the guidance in this Subtopic might cause an entity to pursue a degree of detail in recordkeeping and computations that could be burdensome as well as unnecessary to produce a reasonable approximation of the results. Accordingly, an entity may use estimates or other methods that produce a reasonable approximation of the amounts required to be disclosed by this Subtopic.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Application of the guidance in this Subtopic might cause an entity to pursue a degree of detail in recordkeeping and computations…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:914a2e2c0865a9132d47140d925088f7cdf2bda8076fbb05ba58c4786789bf26","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aee4a4134210f57ee9dcd485bb595394712e69116b5d9be3bfdd6da76b1ee487","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"220-40-55-3","para":"55-3","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1This Example illustrates one type of tabular format disclosure that an entity could use to disclose disaggregated expense amounts in accordance with paragraphs
220-40-50-1 through 50-34
. This Example also illustrates the disclosure of selling expenses in accordance with paragraphs
220-40-50-35 through 50-36
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1This Example illustrates one type of tabular format disclosure that an entity could use to disclose disaggregated expense amounts…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cda4d20bb2635c749400ee2137ecd3bbc3b7b6798c3a5a943e546c24c6bfe057","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-4","para":"55-4","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For the year ended December 31, 20X4, Entity X, which is a manufacturer with significant service operations, presents the following comparative income statement.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For the year ended December 31, 20X4, Entity X, which is a manufacturer with significant service operations, presents the followi…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6aaba8c13c73d81dbeb732008971ecd0268cadbed046b09de66215547c06686","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-5","para":"55-5","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X provides a disclosure that disaggregates the cost of products sold; cost of services; and selling, general, and administrative expense captions into the categories listed in paragraph 220-40-50-6. Those expense captions were identified as relevant expense captions because those captions contain one or more of the expense categories listed in paragraph 220-40-50-6. Even though Entity X presents other expense captions on the face of its consolidated income statement, such as interest expense and income tax expense, those expense captions do not contain any of the expense categories listed in paragraph 220-40-50-6 (including those described in paragraphs
220-40-50-10 through 50-11
); therefore, those expense captions do not need to be disaggregated.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X provides a disclosure that disaggregates the cost of products sold; cost of services; and selling, general, and administ…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cadd5fba24e753f93ad66cbdb9f54362c768d9797c4f8ee3682c3287301f75ee","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-6","para":"55-6","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Because cost of products sold contains amounts related to inventory within the scope of Topic 330, Entity X may elect to disclose the amounts under a cost-incurred basis or expense-incurred basis. In this Example, Entity X chooses to disclose the disaggregation of cost of products sold on a cost-incurred basis (that is, the amounts disclosed include costs incurred that were capitalized to inventory during the current reporting period and costs incurred that were directly expensed during the current reporting period) in accordance with paragraph 220-40-50-31(a). Because Entity X discloses the required expense categories using a cost-incurred basis, the entity discloses the changes in inventories caption and the other adjustments and reconciling items caption in accordance with paragraphs
220-40-50-32 through 50-33
. In accordance with paragraph 220-40-50-34, Entity X qualitatively describes the nature of amounts included in other adjustments and reconciling items. If Entity X had instead disclosed the required expense categories on an expense-incurred basis (that is, the amounts disclosed comprise expense amounts related to the derecognition of inventory that was previously capitalized in accordance with Topic 330 and any costs incurred that were directly expensed during the current reporting period) in accordance with paragraph 220-40-50-31(b), then the changes in inventories caption and the other adjustments and reconciling items caption would not be necessary in the disaggregation disclosure.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Because cost of products sold contains amounts related to inventory within the scope of Topic 330, Entity X may elect to disclose…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b060e291b19db2e1f9f9bcfd65ca059282d7c57f3cecc0e5940e3ade060dbba7","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-7","para":"55-7","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X also recognizes impairment of property, plant, and equipment classified as held and used in selling, general, and administrative expenses and, therefore, includes that impairment as a separate category in the tabular format disclosure in accordance with paragraph 220-40-50-21(c).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X also recognizes impairment of property, plant, and equipment classified as held and used in selling, general, and admini…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bd9a2305dd3065474545956a9aa4544f9d8c7242b686af86b140fd2937e348da","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-8","para":"55-8","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X recognizes expenses associated with warranty accruals entirely within cost of products sold and, therefore, includes warranty expense as a separate category in accordance with paragraph 220-40-50-22(k).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X recognizes expenses associated with warranty accruals entirely within cost of products sold and, therefore, includes war…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f656116f26e82121d717cc2d66f9385753762847876c1ec8cda826e1414fb9c","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-9","para":"55-9","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X recognizes operating lease costs in both cost of services and selling, general, and administrative expenses. Therefore, in accordance with paragraph 220-40-50-22, Entity X is not required to separately disclose the amounts of cost of services and selling, general, and administrative expenses that are attributable to operating lease cost. Instead, those expenses are included in the amount for other items for each relevant expense caption in accordance with paragraph 220-40-50-30.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X recognizes operating lease costs in both cost of services and selling, general, and administrative expenses. Therefore, …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:505e058869c22c05e2a7f2e88918e3188e46f2ca558ca901ef0c007f9cc12084","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-10","para":"55-10","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X recognizes amounts related to the initial recognition and subsequent measurement of a liability for an environmental obligation in cost of products sold (see Subtopic 410-30 on asset retirement and environmental obligations). In accordance with paragraph 220-40-50-16, Entity X is not required to disaggregate that amount into the expense categories listed in paragraph 220-40-50-6. Instead, that expense is included in the amount for other items in accordance with paragraph 220-40-50-30.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X recognizes amounts related to the initial recognition and subsequent measurement of a liability for an environmental obl…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf9ab95d115ff9093fceff325d7485fa3bad3761b196f6705fa0797f726e0150","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-11","para":"55-11","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X provides the following disclosure.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X provides the following disclosure.","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:25a0a13206f64aa5ae727c23b9a988c32dea27c401855ad8696e7fcd54152200","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-12","para":"55-12","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1In addition to the tabular format disclosure illustrated in paragraph 220-40-55-11, Entity X also must disclose its selling expenses and how it defines selling expenses in accordance with paragraphs
220-40-50-35 through 50-36
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1In addition to the tabular format disclosure illustrated in paragraph 220-40-55-11, Entity X also must disclose its selling expen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7fc62cad177d043795cbb5c3d1f47faddbd697a881dcdeefc344633dd43d10c","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-13","para":"55-13","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1This Example illustrates one type of tabular format disclosure that an entity could use to disclose disaggregated expense amounts in accordance with paragraphs
220-40-50-1 through 50-34
. This Example also illustrates the disclosure of selling expenses in accordance with paragraphs
220-40-50-35 through 50-36
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1This Example illustrates one type of tabular format disclosure that an entity could use to disclose disaggregated expense amounts…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f053f74039c010f36a6ef11b2f121ca4ecc96bb7ee62c9e1cd821ec65105ce6d","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-14","para":"55-14","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For the year ended December 31, 20X4, Entity X, which is a services provider, presents the following comparative income statement.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For the year ended December 31, 20X4, Entity X, which is a services provider, presents the following comparative income statement…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a976a0ef2839d8f237ff0d332726834bbcb450b4bf84378b62af08bd3861289a","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-15","para":"55-15","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X provides a disclosure that disaggregates the cost of sales; depreciation and amortization; selling, general, and administrative expenses; and research and development expenses captions into the categories listed in paragraph 220-40-50-6. Those expense captions were identified as relevant expense captions because those captions contain one or more of the expense categories listed in paragraph 220-40-50-6. Even though Entity X presents other expense captions on the face of its consolidated income statement, such as interest expense and income tax expense, those expense captions do not contain any of the expense categories listed in paragraph 220-40-50-6 (including those described in paragraphs
220-40-50-10 through 50-11
); therefore, those expense captions do not need to be disaggregated.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X provides a disclosure that disaggregates the cost of sales; depreciation and amortization; selling, general, and adminis…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be8a8d78e3f670777f230c9c6e567cd607b9586c22a30cb625a49eb8caecc333","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-16","para":"55-16","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X also recognizes one-time employee termination benefits in cost of sales; selling, general, and administrative expenses; and research and development expenses and, therefore, includes this amount as a separate category in the tabular format disclosure in accordance with paragraph 220-40-50-21. Paragraph 220-40-50-21(e) requires that an entity disclose the amount of each major type of cost associated with an exit or disposal activity (for example, one-time employee termination benefits) that is recognized in each relevant expense caption in the same tabular format in which the disclosures required by paragraph 220-40-50-6 are provided. Because one-time employee termination benefits are a form of employee compensation, Entity X discloses that its employee compensation category excludes one-time employee termination benefits because one-time employee termination benefits are disclosed as a separate category.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X also recognizes one-time employee termination benefits in cost of sales; selling, general, and administrative expenses; …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4c331c8c80f164f392c80df50d9d882ed69db1a4a5e4b68e6f43ba8477f17d9","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-17","para":"55-17","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X has a funded research and development cost-sharing arrangement with a strategic partner. Entity X recognizes an expense reimbursement from the strategic partner in research and development expenses and, in accordance with paragraph 220-40-50-26(a), elects to separately disclose the amount of that expense reimbursement. If Entity X had elected to present a relevant expense caption net of an expense reimbursement from another entity, it would have been required to disclose the amount of the expense categories that are included in each relevant expense caption. Additionally, in accordance with paragraph 220-40-50-29, Entity X qualitatively describes the expense categories to which the reimbursement relates.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X has a funded research and development cost-sharing arrangement with a strategic partner. Entity X recognizes an expense …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4994ee6454d479df2701d69375937ac29e66c5e645bb3ef1e232a7f7e98c74ff","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-18","para":"55-18","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X provides the following disclosure.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X provides the following disclosure.","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9c5a05a8ffcddadf76c5f318095b5563e68b7c3054eb727b39de34d640c7e679","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-19","para":"55-19","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1In addition to the tabular format disclosure illustrated in paragraph 220-40-55-18, Entity X also must disclose its selling expenses and how it defines selling expenses in accordance with paragraphs
220-40-50-35 through 50-36
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1In addition to the tabular format disclosure illustrated in paragraph 220-40-55-18, Entity X also must disclose its selling expen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0084c51691c657a8006ef105df4167f0209b73c987d26ee498143c562f5a23d","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-20","para":"55-20","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1This Example illustrates one type of tabular format disclosure that an entity could use to disclose disaggregated expense amounts in accordance with paragraphs
220-40-50-1 through 50-34
. This Example also illustrates the disclosure of selling expenses in accordance with paragraphs
220-40-50-35 through 50-36
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1This Example illustrates one type of tabular format disclosure that an entity could use to disclose disaggregated expense amounts…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:724ee6f340c6cce66e2ab0048b7b92ac0b5b05c60a1d3a0c5b0f2eef4a37f242","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-21","para":"55-21","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1For the year ended December 31, 20X4, Entity X, which is a bank, presents the following comparative income statement.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1For the year ended December 31, 20X4, Entity X, which is a bank, presents the following comparative income statement.","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:578ec8d7bebbf3dce5c4b8c6e7edefd29a6dc8e8ae7123fb8e30261fa497b83b","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-22","para":"55-22","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X provides a disclosure that disaggregates the occupancy and depreciation expense and other expense captions into the categories listed in paragraph 220-40-50-6. Those expense captions were identified as relevant expense captions because those captions contain one or more of the expense categories listed in paragraph 220-40-50-6. In this Example, even though Entity X also presents separate expense captions on the face of its consolidated income statement for interest expense, provision for (recapture of) credit losses, data processing, advertising and marketing, professional fees, and income tax expense, those expense captions do not contain any of the expense categories listed in paragraph 220-40-50-6 (including those described in paragraphs
220-40-50-10 through 50-11
); therefore, those expense captions do not need to be further disaggregated. Entity X applies the practical expedient for employee compensation described in paragraph 220-40-50-20 and elects to not repeat the amount presented on the face of the income statement in the notes to financial statements.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X provides a disclosure that disaggregates the occupancy and depreciation expense and other expense captions into the cate…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:05caa4c4a6b69e7d7e007f9bbb2692be9532d6f753fea691781eccc49af5efb3","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-23","para":"55-23","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X recognizes operating lease cost entirely within occupancy and depreciation expense and, therefore, includes operating lease cost as a separate category in accordance with paragraph 220-40-50-22(p).
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X recognizes operating lease cost entirely within occupancy and depreciation expense and, therefore, includes operating le…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f5f3c57e2ad76ee61b6362b3fc715ce6db15f4ca1d993fac7f3dce60bae222d","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-24","para":"55-24","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1Entity X provides the following disclosure.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1Entity X provides the following disclosure.","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68e5dcb077b9980703a6896ea1182ebcb6d98c4c27fdb6be2b244c31aef806a9","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"citation":"220-40-55-25","para":"55-25","html":"
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1In addition to the tabular format disclosure illustrated in paragraph 220-40-55-24, Entity X also must disclose its selling expenses and how it defines selling expenses in accordance with paragraphs
220-40-50-35 through 50-36
.
","snippet":"Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:220-40-65-1In addition to the tabular format disclosure illustrated in paragraph 220-40-55-24, Entity X also must disclose its selling expen…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6502600d06566031cec7832b3f0c175601b042ae438b665a15c652e52db4b5c","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9c876f780f63a208bb696ddabd58e3cb99a58b0ea158a520f269fa04b95c948","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6cb68e029068ec1c1ba98f50d19061506f96157ef7205c4b920bc413197968f","downloaded_from":"2026-09-09T23:05:07.264Z","last_downloaded_at":"2026-09-09T23:05:07.264Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476153","source_sha256":"960ad552509e10ba814e34513b4eb4776db46f1fc202577bcf368c3869e39868"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":"Transition Related to Accounting Standards Updates No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, and No. 2025-01, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date","paragraphs":[{"citation":"220-40-65-1","para":"65-1","html":"
Accounting Standards Update 2024-03
2028-06-13
2026-12-16
2027-12-16
2026-12-16
2027-12-16
2026-12-16
2027-12-16
2026-12-16
2027-12-16
2026-12-16
2027-12-16
2026-12-16
2027-12-16
2026-12-16
2027-12-16
The following represents the transition and effective date information related to Accounting Standards Updates No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, and No. 2025-01, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date:
Effective date and early adoption
  1. a
    The pending content that links to this paragraph shall be effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted.
Transition method
  1. b
    A public business entity shall apply the pending content that links to this paragraph prospectively to financial statements issued for reporting periods beginning after the effective date of the pending content that links to this paragraph. The disclosures required by the pending content that links to this paragraph do not need to be included in financial statements for reporting periods beginning before the effective date that are being presented for comparative purposes with financial statements issued for periods after the effective date.
  2. c
    A public business entity may elect to apply the pending content that links to this paragraph retrospectively to any or all prior periods presented in the financial statements. If applied to financial statements for periods beginning before the effective date, those disclosures shall be prepared and presented in accordance with this Subtopic.
","snippet":"Accounting Standards Update 2024-03The following represents the transition and effective date information related to Accounting Standards Updates No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disag…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec45742e7723352055e57153cc67aba981757a5b0eb9b25f3d9f9709855b3e28","downloaded_from":"2026-09-09T23:05:10.773Z","last_downloaded_at":"2026-09-09T23:05:10.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476151","source_sha256":"0d100e5102b6132943f838046340cc2a259c2e4c89b4719744f1bc4059ccf145"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6b2ff5525e025b7935d1af5a6f7f974f6e17b1e6b1dd45aa4dc2ea3ccad32508","downloaded_from":"2026-09-09T23:05:10.773Z","last_downloaded_at":"2026-09-09T23:05:10.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476151","source_sha256":"0d100e5102b6132943f838046340cc2a259c2e4c89b4719744f1bc4059ccf145"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:703e23cf47154dd95e00da18ba3025c31a6a43bd00f836fc5a02bb423be33a06","downloaded_from":"2026-09-09T23:05:10.773Z","last_downloaded_at":"2026-09-09T23:05:10.773Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476151","source_sha256":"0d100e5102b6132943f838046340cc2a259c2e4c89b4719744f1bc4059ccf145"}}],"enrichment":{"summary":"ASC 220-40 (added by ASU 2024-03) requires public business entities to disaggregate, in a tabular note disclosure, each \"relevant expense caption\" presented on the face of the income statement in continuing operations into prescribed natural expense categories: purchases of inventory, employee compensation, depreciation, intangible asset amortization, and DD&A of oil-and-gas/other depletion (220-40-50-6). Other GAAP-required expense, gain, and loss items must be pulled into the same table (220-40-50-21 through 50-22), expense reimbursements must be addressed (50-26 through 50-29), and any residual must be shown as \"other items\" with a qualitative description of its composition (50-30). Entities must also disclose total selling expenses and, annually, how they define selling expenses (50-35 through 50-36).","key_points":["Scope is limited to public business entities; private companies, not-for-profit entities, and employee benefit plans under Topics 960, 962, and 965 are excluded (220-40-15-2 through 15-3), and only continuing operations expenses are covered (220-40-50-2).","A relevant expense caption is an income statement caption in continuing operations containing any category listed in 220-40-50-6; a caption consisting entirely of one such category needs no further disclosure, and equity method earnings/losses are never a relevant expense caption (220-40-50-12 through 50-13).","The required tabular categories are purchases of inventory (Topic 330 amounts only, excluding amounts from business combinations, joint venture formations, and initial VIE consolidations), employee compensation (separately showing one-time termination benefits), depreciation, intangible asset amortization, and oil-and-gas DD&A or other depletion (220-40-50-6 through 50-7, 50-11).","For captions containing Topic 330 inventory amounts, an entity elects either the cost-incurred basis (requiring additional 'changes in inventories' and 'other adjustments and reconciling items' captions) or the expense-incurred basis, applied consistently to all categories (220-40-50-31 through 50-34).","Listed items in 220-40-50-21 must be shown by relevant expense caption in the same table; items in 220-40-50-22 (e.g., warranty expense, operating lease cost, credit loss provision) are included only if recognized entirely within a single relevant expense caption, and their mere presence does not make a caption relevant (220-40-50-24).","Each relevant expense caption must show an 'other items' residual equal to the caption total less the separately disclosed amounts, with qualitative descriptions of its composition based on natural expense classification (220-40-50-30).","Estimates or reasonable approximations are permitted (220-40-50-1, 220-40-55-2), practical expedients exist under 50-19 and 50-20, and changes in display require disclosure of the reason and recasting of prior periods unless impracticable without being a Topic 250 accounting principle change (220-40-50-3 through 50-5)."],"categories":["Disclosure","Presentation","Financial statement presentation","Inventory and PP&E"],"audience_level":"intermediate","student_note":"This is a pure disclosure standard—it changes nothing about recognition or measurement and does not require any change to the face of the income statement. The most common misunderstanding is thinking every expense caption must be disaggregated: only captions that actually contain one of the five categories in 220-40-50-6 are \"relevant,\" and items in 220-40-50-21 through 50-22 never make a caption relevant by themselves.","related_topics":["330","350-30","360-10","420-10","842-20","932-360"],"key_concepts":["relevant expense caption","expense disaggregation","tabular format disclosure","purchases of inventory","employee compensation","other items residual","cost-incurred versus expense-incurred basis","selling expenses"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1cc98f318a5e7382eeab4003289661f091bac2a6dd25e8a26191602529d2099","downloaded_from":"2026-09-09T23:04:51.666Z","last_downloaded_at":"2026-09-09T23:05:14.675Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not 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Prices","score":0.7416,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffcfd822c87e6716502937f8bcfaecfff4fcde5c21cfaf4fe91b0a8b0304a448","downloaded_from":"2026-09-09T23:18:00.706Z","last_downloaded_at":"2026-09-09T23:18:30.447Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"205-20","title":"Discontinued Operations","topic_title":"Presentation of Financial 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Income","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2367b7f9b3898c667e8142740431f5d3d4e9a442306825b988b2e504722169c9","downloaded_from":"2026-09-09T23:04:31.551Z","last_downloaded_at":"2026-09-09T23:04:49.642Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"220-912","title":"Contractors—Federal Government","topic_title":"Income Statement—Reporting Comprehensive Income","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f31b257907e73acda0e16d092413030c69eec4243d181882829ee3a23567416","downloaded_from":"2026-09-09T23:05:16.949Z","last_downloaded_at":"2026-09-09T23:05:24.159Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17978e4c08b825cac9e9e279d06ca5937306b6e1b652940e0e3a0128e14dbb0d","downloaded_from":"2026-09-09T23:04:51.666Z","last_downloaded_at":"2026-09-09T23:05:14.675Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-912","topic":"220","title":"Contractors—Federal Government","area":"Presentation","paragraphs":7,"summary":"This industry-specific subtopic addresses how a federal government contractor presents amounts in the income statement relating to terminated contracts. After ASC 2014-09 superseded most of its guidance, the only surviving rule is that items the contractor keeps without making a claim for cost or loss stay on the balance sheet as inventory or deferred charges (220-912-45-3).","concepts":["terminated contracts","federal government contractors","termination claims","inventory","deferred charges","income statement presentation","superseded guidance"],"categories":["Presentation","Industry-specific","Financial statement presentation","Inventory and PP&E"],"level":"intermediate","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":"Status","heading":null,"paragraphs":[{"citation":"220-912-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
912-220-05-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
912-220-15-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
912-220-45-1 through 45-4
 Added Maintenance Update 2017-19 (PDF) 11/15/2017
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This Subtopic provides guidance on presentation in the income statement for amounts relating to terminated contracts.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 912-10-15.
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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Any items the contractor retains without claim for cost or loss shall remain as inventory or deferred charges in the contractor's accounts.
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Paragraph superseded by Accounting Standards Update No. 2014-09.
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After ASC 2014-09 superseded most of its guidance, the only surviving rule is that items the contractor keeps without making a claim for cost or loss stay on the balance sheet as inventory or deferred charges (220-912-45-3).","key_points":["The Subtopic's purpose is presentation in the income statement of amounts relating to terminated contracts (220-912-05-1).","Scope follows the federal government contractor Overall Subtopic, Section 912-10-15 (220-912-15-1).","Items the contractor retains without claim for cost or loss remain as inventory or deferred charges in the contractor's accounts rather than being charged to income (220-912-45-3).","Paragraphs 220-912-45-1, 45-2 and 45-4 were superseded by ASU No. 2014-09, so most former termination-claim presentation guidance is now governed by the revenue recognition model."],"categories":["Presentation","Industry-specific","Financial statement presentation","Inventory and PP&E"],"audience_level":"intermediate","student_note":"Mostly a historical shell: ASU 2014-09 gutted this Subtopic, leaving only the rule that retained items with no claim stay in inventory/deferred charges. 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It contains no substantive incremental rules of its own: it adopts the scope of ASC 932-10-15 and directs readers to the industry disclosure requirements in 932-235-50-21 through 50-28 and to the illustrative results-of-operations example in 932-235-55-5.","concepts":["oil- and gas-producing activities","income statement presentation","results of operations disclosure","extractive activities","incremental industry disclosures","cross-reference subtopic"],"categories":["Presentation","Disclosure","Industry-specific","Financial statement presentation"],"level":"introductory","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-932-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
932-220-05-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
932-220-15-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
932-220-50-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
932-220-55-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n932-220-05-1 | Added | Maintenance Update 2017-19 | 11/15/2017 |\n932-220-15-1 | Added | …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a4e173961b3c8dfa47be7c3820eb3d631c888cfe2e361b6b2b29463bcac214f8","downloaded_from":"2026-09-09T23:05:27.480Z","last_downloaded_at":"2026-09-09T23:05:27.480Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477937","source_sha256":"f392d98f73a26c184355a123eaa85a4fb89451b16f2c93ac68bca0412e4cef39"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4176b730ae6a1b65f82625a2f707e93065548dcd4d340b8b2d402f863ae258c3","downloaded_from":"2026-09-09T23:05:27.480Z","last_downloaded_at":"2026-09-09T23:05:27.480Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477937","source_sha256":"f392d98f73a26c184355a123eaa85a4fb89451b16f2c93ac68bca0412e4cef39"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c76dcd3b5ffb93f0bc6de974c100fe35c6efda983c3fa9984ad8fd85c4e6a6c","downloaded_from":"2026-09-09T23:05:27.480Z","last_downloaded_at":"2026-09-09T23:05:27.480Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477937","source_sha256":"f392d98f73a26c184355a123eaa85a4fb89451b16f2c93ac68bca0412e4cef39"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-932-05-1","para":"05-1","html":"
This Subtopic provides guidance relating to income statements for oil- and gas- producing activities.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 932-10-15.
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Incremental industry disclosure requirements relating to the income statement have been kept with other incremental industry disclosure requirements, see paragraphs
932-235-50-21 through 50-28
.
","snippet":"Incremental industry disclosure requirements relating to the income statement have been kept with other incremental industry disclosure requirements, see paragraphs 932-235-50-21 through 50-28.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49f869d8d60624d3dbf89bca742e1f8140d4f71985b8adea430c09c4dd66868f","downloaded_from":"2026-09-09T23:05:35.357Z","last_downloaded_at":"2026-09-09T23:05:35.357Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478934","source_sha256":"5eb600772f4d6a059a63512d91d8b389add82b463e3f684e43b0b522d44c7d20"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ba2d8a26c0d821c93bc74e78beed4c379f695df4bdf75b7af7e9680b91e84f85","downloaded_from":"2026-09-09T23:05:35.357Z","last_downloaded_at":"2026-09-09T23:05:35.357Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478934","source_sha256":"5eb600772f4d6a059a63512d91d8b389add82b463e3f684e43b0b522d44c7d20"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2c0ff6bc6a813fbdf1c57e6fe68fbc4930d0920b1a267ea0a14bbf69c35606f","downloaded_from":"2026-09-09T23:05:35.357Z","last_downloaded_at":"2026-09-09T23:05:35.357Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478934","source_sha256":"5eb600772f4d6a059a63512d91d8b389add82b463e3f684e43b0b522d44c7d20"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-932-55-1","para":"55-1","html":"
An illustration of the results of operations can be found in Example 4 (see paragraph 932-235-55-5).
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It contains no substantive incremental rules of its own: it adopts the scope of ASC 932-10-15 and directs readers to the industry disclosure requirements in 932-235-50-21 through 50-28 and to the illustrative results-of-operations example in 932-235-55-5.","key_points":["The Subtopic provides guidance relating to income statements for oil- and gas-producing activities (220-932-05-1).","Scope and scope exceptions are the same as the Overall Subtopic in Section 932-10-15 (220-932-15-1).","Incremental industry income statement disclosure requirements are located with the other incremental industry disclosures at paragraphs 932-235-50-21 through 50-28 (220-932-50-1).","An illustration of the results of operations for oil- and gas-producing activities appears in Example 4 at paragraph 932-235-55-5 (220-932-55-1)."],"categories":["Presentation","Disclosure","Industry-specific","Financial statement presentation"],"audience_level":"introductory","student_note":"Don't expect substantive rules here — this subtopic exists only to route you to the real oil and gas income statement disclosure requirements in 932-235-50. A common mistake is citing 220-932 for a disclosure requirement when the operative paragraphs are 932-235-50-21 through 50-28.","related_topics":["932-10","932-235","220-10","932-360"],"key_concepts":["oil- and gas-producing activities","income statement presentation","results of operations disclosure","extractive activities","incremental industry disclosures","cross-reference subtopic"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c824881b779a452432382965d41d93f5a35076a4e4c3e5496995dc2dcacb0b3f","downloaded_from":"2026-09-09T23:05:27.480Z","last_downloaded_at":"2026-09-09T23:05:41.911Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"280-932","title":"Extractive Activities—Oil and Gas","topic_title":"Segment 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The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
942-220-S25-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
942-220-S45-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
942-220-S45-2 Added Maintenance Update 2017-19 (PDF) 11/15/2017
942-220-S50-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
942-220-S50-2 Added Maintenance Update 2017-19 (PDF) 11/15/2017
942-220-S99-1 Amended Accounting Standards Update No. 2019-07 07/26/2019
942-220-S99-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
942-220-S99-2 Added Maintenance Update 2017-19 (PDF) 11/15/2017
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See paragraph 942-220-S99-2, SAB Topic 11.G, Question 1, for SEC Staff views on including tax equivalent adjustments in the income statement and footnotes.
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See paragraph 942-220-S99-2, SAB Topic 11.G, Question 2, for SEC Staff views on presentation of tax equivalent adjustments in the income statement.
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Income","score":0.7672,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:57f8518d6143ace95c1fdf34a5a53f56bd8a2674b1d7c0b2117e050599aa47c8","downloaded_from":"2026-09-09T23:03:08.647Z","last_downloaded_at":"2026-09-09T23:04:07.668Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-946","title":"Financial Services—Investment Companies","topic_title":"Income Statement—Reporting Comprehensive 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Companies","area":"Presentation","paragraphs":34,"summary":"This subtopic governs the form and content of the statement of operations (income statement) for investment companies. The statement must show investment income less expenses to arrive at net investment income, then net realized gains/losses and the change in unrealized appreciation/depreciation on investments and foreign currency, summing to the net increase or decrease in net assets resulting from operations. Special presentation rules apply to multiple-class funds, master-feeder structures, and funds of funds.","concepts":["statement of operations","net investment income","realized and unrealized gains and losses","net increase in net assets resulting from operations","master-feeder structure","multiple class funds","fund of funds","foreign currency transactions"],"categories":["Presentation","Disclosure","Industry-specific","Financial statement presentation"],"level":"intermediate","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-946-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
12b-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-05-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-15-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-45-1 through 45-17
 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-45-3 Amended Maintenance Update 2018-12 (PDF) 09/10/2018
946-220-45-6 Amended Maintenance Update 2018-12 (PDF) 09/10/2018
946-220-45-9 Amended Accounting Standards Update No. 2020-10 10/29/2020
946-220-45-11 Amended Maintenance Update 2018-12 (PDF) 09/10/2018
946-220-45-12 Amended Maintenance Update 2018-12 (PDF) 09/10/2018
946-220-45-14 Amended Accounting Standards Update No. 2020-10 10/29/2020
946-220-50-1 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-50-2 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-50-3 Added Accounting Standards Update No. 2020-10 10/29/2020
946-220-50-4 Added Accounting Standards Update No. 2020-10 10/29/2020
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\n12b-1 | Added | Maintenance Update 2017-19 | 11/15/2017 |\n| | | |\n946-220-05-1 | Added |…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b326c868d6bb0bf31ea1c834e50278bda70f2bf19075a8cca8abc7db6536b0be","downloaded_from":"2026-09-09T23:06:14.562Z","last_downloaded_at":"2026-09-09T23:06:14.562Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477799","source_sha256":"8db03ecb3810b3d09b69b35e107a52174df6d20e0e6a70b2b0d1b94dea9934ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:358f59dd9d1c74189a523927fb821db81c81d5566e6de83425a3f9d802469685","downloaded_from":"2026-09-09T23:06:14.562Z","last_downloaded_at":"2026-09-09T23:06:14.562Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477799","source_sha256":"8db03ecb3810b3d09b69b35e107a52174df6d20e0e6a70b2b0d1b94dea9934ad"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:668a32e55082dc1ee608e750ff76dfaafd9ab800ef40225e0b449df101267569","downloaded_from":"2026-09-09T23:06:14.562Z","last_downloaded_at":"2026-09-09T23:06:14.562Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477799","source_sha256":"8db03ecb3810b3d09b69b35e107a52174df6d20e0e6a70b2b0d1b94dea9934ad"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-946-05-1","para":"05-1","html":"
This Subtopic addresses income statements, or statements of operations, for investment companies.
","snippet":"This Subtopic addresses income statements, or statements of operations, for investment companies.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2e9e00311c0b88c1f7ee2c80b0a59159471f70e97b455233001e758c5644493e","downloaded_from":"2026-09-09T23:06:18.164Z","last_downloaded_at":"2026-09-09T23:06:18.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478314","source_sha256":"cb351870b6fdfb86406556bb3f3a3f3b746dc084597e9bdd25ad1f9ffcb51041"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a0b40d410e30189d11ca63c91c5977bd8d8f27853fc2bf5abdbd167a8b2086fc","downloaded_from":"2026-09-09T23:06:18.164Z","last_downloaded_at":"2026-09-09T23:06:18.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478314","source_sha256":"cb351870b6fdfb86406556bb3f3a3f3b746dc084597e9bdd25ad1f9ffcb51041"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63c5f30389f23a19c94cb02fee6e2f2ea4c51191fcb770fe43acb7c9fe20e9cd","downloaded_from":"2026-09-09T23:06:18.164Z","last_downloaded_at":"2026-09-09T23:06:18.164Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478314","source_sha256":"cb351870b6fdfb86406556bb3f3a3f3b746dc084597e9bdd25ad1f9ffcb51041"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"220-946-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 946-10-15.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 946-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bee425527bdfb698da2bcb2bc444efcc3adf1ce2225d62696cfef88fa2132d23","downloaded_from":"2026-09-09T23:06:21.528Z","last_downloaded_at":"2026-09-09T23:06:21.528Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478870","source_sha256":"8170feabe652eb72a5c8ec2b6c276c141d9c41e38c0a9e1d89fdd8b7cda45379"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:720bb6647a470130adbc595b46b7d4fa70f61e7da3accfe720f607cbebc162c6","downloaded_from":"2026-09-09T23:06:21.528Z","last_downloaded_at":"2026-09-09T23:06:21.528Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478870","source_sha256":"8170feabe652eb72a5c8ec2b6c276c141d9c41e38c0a9e1d89fdd8b7cda45379"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86a63a729a2a213467454f952e0ccfdcd7fa647e98bcd2cb0cdd569cfe180973","downloaded_from":"2026-09-09T23:06:21.528Z","last_downloaded_at":"2026-09-09T23:06:21.528Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478870","source_sha256":"8170feabe652eb72a5c8ec2b6c276c141d9c41e38c0a9e1d89fdd8b7cda45379"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Statement of Operations","paragraphs":[{"citation":"220-946-45-1","para":"45-1","html":"
The objective of the statement of operations is to present the increase or decrease in net assets resulting from all of the company's investment activities, by reporting investment income from dividends, interest, and other income less expenses, the amounts of realized gains or losses from investment and foreign currency transactions, and changes in unrealized appreciation or depreciation of investments and foreign-currency-denominated assets and liabilities for the period. That format helps the user understand the contribution of each aspect of investment activity to the company's overall operations.
","snippet":"The objective of the statement of operations is to present the increase or decrease in net assets resulting from all of the company's investment activities, by reporting investment income from dividends, interest, and ot…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff473ed7b0d44d988d43630ae1bb2f32fca60408cd234b357f46e022e79d54a0","downloaded_from":"2026-09-09T23:06:28.222Z","last_downloaded_at":"2026-09-09T23:06:28.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479105","source_sha256":"8a3a02c588940b887e76265ce8f9509f04eb93d7a8f221831ff2eb8a3e94959d"}},{"citation":"220-946-45-2","para":"45-2","html":"
This following provides guidance on presentation of all of the following captioned items in an investment company's statement of operations:
  1. a
    Expenses
  2. b
    Taxes
  3. c
    Net investment income
  4. d
    Gain or loss from investments and foreign currency transactions
  5. e
    Net increase or decrease in net assets from operations.
","snippet":"This following provides guidance on presentation of all of the following captioned items in an investment company's statement of operations:\n(a) Expenses\n(b) Taxes\n(c) Net investment income\n(d) Gain or loss from investme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69788fd129b3ab55e52ddf53d0c1f84989cd72ee6a3d17154f4c71af9917f3ad","downloaded_from":"2026-09-09T23:06:28.222Z","last_downloaded_at":"2026-09-09T23:06:28.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479105","source_sha256":"8a3a02c588940b887e76265ce8f9509f04eb93d7a8f221831ff2eb8a3e94959d"}},{"citation":"220-946-45-3","para":"45-3","html":"
All of the following expenses are commonly reported separately:
  1. a
    Investment advisory (management) fees (or compensation)
  2. b
    Administration fees payable to an affiliate (if accrued under a separate agreement)
  3. c
    Shareholder service costs, including fees and expenses for the transfer agent and dividend disbursing agent
  4. d
    Distribution (12b-1) expenses
  5. e
    Custodian fees
  6. f
    Cost of reports to shareholders
  7. g
    Federal and state income taxes (these expenses shall be shown separately after the income category to which they apply, such as investment income and realized or unrealized gains)
  8. h
    Other taxes (foreign withholding taxes shall be deducted from the relevant income item and presented parenthetically or shown as a separate contra item in the income section)
  9. i
    Interest (including interest on debt, bank borrowings, and reverse repurchase agreements)
  10. j
    Dividends on securities sold short
  11. k
    Professional fees
  12. l
    Directors' or trustees' fees
  13. m
    Registration fees and expenses.
","snippet":"All of the following expenses are commonly reported separately:\n(a) Investment advisory (management) fees (or compensation)\n(b) Administration fees payable to an affiliate (if accrued under a separate agreement)\n(c) Shar…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ca7a7e58a023c3734ee6a25fe748ce3b2dc1cc1a223ca1c2781155d307935cb","downloaded_from":"2026-09-09T23:06:28.222Z","last_downloaded_at":"2026-09-09T23:06:28.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479105","source_sha256":"8a3a02c588940b887e76265ce8f9509f04eb93d7a8f221831ff2eb8a3e94959d"}},{"citation":"220-946-45-4","para":"45-4","html":"
Income tax expense shall be presented by investment companies under the separate income categories (such as investment income or realized and unrealized gains) to which it applies. Taxes in certain foreign jurisdictions may be based on the net investment income and realized gains of the fund within that jurisdiction; the guidance in Topic 740 is applicable to such taxes.
","snippet":"Income tax expense shall be presented by investment companies under the separate income categories (such as investment income or realized and unrealized gains) to which it applies. Taxes in certain foreign jurisdictions …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d23e7a6564280d23eb8a8a3a85a55c4e2127bb3ab6220443e3c8993f0d11708","downloaded_from":"2026-09-09T23:06:28.222Z","last_downloaded_at":"2026-09-09T23:06:28.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479105","source_sha256":"8a3a02c588940b887e76265ce8f9509f04eb93d7a8f221831ff2eb8a3e94959d"}},{"citation":"220-946-45-5","para":"45-5","html":"
The excess of investment income over total expenses shall be shown as net investment income (or loss).
","snippet":"The excess of investment income over total expenses shall be shown as net investment income (or loss).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:609a2f1d4dc911a8052ac7c7da368db1e6d258c878a96b168bf4c8a7c22d63ad","downloaded_from":"2026-09-09T23:06:28.222Z","last_downloaded_at":"2026-09-09T23:06:28.222Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479105","source_sha256":"8a3a02c588940b887e76265ce8f9509f04eb93d7a8f221831ff2eb8a3e94959d"}},{"citation":"220-946-45-6","para":"45-6","html":"
The following amounts related to gain or loss from investments and foreign currency transactions shall be presented as follows:
  1. a
    Net realized gain or loss from investments and foreign currency transactions.
    1. 1
      Investments. Net realized gains or losses resulting from sales or other disposals of investments shall be reported net of brokerage commissions. The net realized gains or losses from investments and net realized gains or losses from foreign currency transactions may be reported separately or may be combined.
    2. 2
      Foreign currency transactions. Net gains or losses from assets or liabilities denominated in foreign currencies during the period shall be reported separately. If separate reporting of foreign currency effects on realized gains or losses from investments is elected, those effects shall be included in this caption.
  2. b
    Net increase (decrease) in unrealized appreciation or depreciation on investments and translation of assets and liabilities in foreign currencies, which comprises both of the following:
    1. 1
      Investments. Changes in net unrealized appreciation or depreciation during the period shall be presented in the statement of operations. The major components of unrealized appreciation or depreciation shall be presented in a manner that is consistent with the guidance provided in (a). Either combining the net unrealized gains or losses from investments with net unrealized gains or losses from foreign currency transactions or reporting them separately is permissible. Any provision for deferred taxes shall be reported separately.
    2. 2
      Translation of assets and liabilities in foreign currencies. The net change during the period from translating assets and liabilities denominated in foreign currencies shall be reported under the caption \"Net Increase (Decrease) in Unrealized Appreciation or Depreciation on Translation of Assets and Liabilities in Foreign Currencies.\"
  3. c
    Net realized and unrealized gain or loss from investments and foreign currency. The sum of the net realized gain or loss and change in unrealized gain or loss on investments and foreign-currency-denominated assets and liabilities shall be presented in the statement of operations as a net gain or loss on investments and foreign currency.
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The sum of net investment income or loss and net realized and unrealized gain or loss on investments and foreign currency shall be shown as a net increase or decrease in net assets resulting from operations.
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Management investment companies that have multiple classes of shares or master-feeder structures shall apply the following guidance when preparing a statement of operations.
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Class-specific expenses shall be reported for each class of fund in the statement of operations or disclosed in the notes to financial statements. Reporting the amount of fund-level expenses allocated to each class is not required but disclosure of fund-level expenses by class in the statement of operations or in notes to financial statements is permitted. (See paragraph 946-220-50-3.)
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For master funds, the standard reporting format for investment companies with simple capital structures shall be used.
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The statement of operations shall report details of the feeder fund's allocated share of net investment income from the master fund (that is, present allocated interest, dividends, and expenses separately).
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The statement also shall report separately the feeder's allocated share of the master fund's realized and unrealized gains and losses. The total of all feeders' income, expense, and realized and unrealized gain or loss components shall agree to the corresponding totals of the master fund. Feeder funds shall present their fund-specific expenses, such as transfer agent, distribution, legal and audit expenses, and registration and directors' fees. Additionally, any fee waivers or reimbursements at the feeder-fund level shall be reported.
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Income reflected on the statement of operations shall represent the net earnings received from investee funds. For example, if the investee funds are all registered investment companies the income would represent the dividends received from such investee funds.
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The investor fund shall not reflect any operating expenses if the investee funds have agreed to assume certain of the investor fund expenses. To the extent the investor fund has such agreements, they shall be disclosed in the notes to financial statements. (See paragraph 946-220-50-4.)
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When investing in registered investment companies, distributions received from long-term capital gains shall be reported as realized gains together with gains realized on disposition of shares of investee entities.
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Expenses are those incurred only at the reporting fund level. Expenses of the investee funds are embedded in the net earnings from such funds.
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Investment partnerships shall present their statements of operations in conformity with the requirements for statements of operations of management investment companies provided beginning in paragraph 946-220-45-8.
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Any income tax provision relating to net investment income shall be disclosed separately.
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The statement of operations shall disclose net realized gains or losses. Gains or losses arising from in-kind redemptions shall be disclosed. Notes to financial statements shall state an entity's practice of either including or excluding that portion of realized and unrealized gains and losses from investments that result from foreign currency changes with or from other foreign currency gains and losses.
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Class-specific expenses shall be reported for each class of fund in the statement of operations or disclosed in the notes to financial statements. Reporting the amount of fund-level expenses allocated to each class is not required but disclosure of fund-level expenses by class in the statement of operations or in notes to financial statements is permitted. (See paragraph 946-220-45-9.)
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In accordance with paragraph 946-220-45-14, the investor fund shall not reflect any operating expenses if the investee funds have agreed to assume certain of the investor fund expenses. To the extent the investor fund has such agreements, they shall be disclosed in the notes to financial statements.
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The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
946-220-S45-1 through S45-3
 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-S50-1 through S50-3
 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-S99-1 Amended Accounting Standards Update No. 2019-07 07/26/2019
946-220-S99-1 through S99-3
 Added Maintenance Update 2017-19 (PDF) 11/15/2017
946-220-S99-3 Amended Accounting Standards Update No. 2019-07 07/26/2019
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See paragraph 946-220-S99-1, Regulation S-X Rule 6-07, for the required income statement presentation for registered investment companies.
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See paragraph 946-220-S99-2, Regulation S-X Rule 6-08, for the required income statement presentation for issuers of face-amount certificates.
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See paragraph 946-220-S99-3, Regulation S-X Rule 6-09, for the required statement of changes in net assets format.
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See paragraph 946-220-S99-1, Regulation S-X Rule 6-07.2, for the required disclosures pertaining to expenses.
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See paragraph 946-220-S99-2, Regulation S-X Rule 6-08.2, for the required disclosures pertaining to expenses of issuers of face-amount certificates.
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See paragraph 946-220-S99-1, Regulation S-X Rule 6-07.7(c), for the required disclosures pertaining to realized and unrealized gains (losses) on investments—net.
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The following is the text of Regulation S-X Rule 6-07, Statements of Operations (17 CFR 210.6-07).
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The following is the text of Regulation S-X Rule 6-08, Special Provisions Applicable to the Statements of Operations of Issuers of Face-Amount Certificates (17 CFR 210.6-08).
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The following is the text of Regulation S-X Rule 6-09, Statements of Changes in Net Assets (17 CFR 210.6-09).[47 FR 56838, Dec. 21, 1982, as amended at 83 FR 50202, Oct. 4, 2018]
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The statement must show investment income less expenses to arrive at net investment income, then net realized gains/losses and the change in unrealized appreciation/depreciation on investments and foreign currency, summing to the net increase or decrease in net assets resulting from operations. Special presentation rules apply to multiple-class funds, master-feeder structures, and funds of funds.","key_points":["The objective of the statement of operations is to present the increase or decrease in net assets resulting from all investment activities—investment income less expenses, realized gains/losses, and changes in unrealized appreciation/depreciation (220-946-45-1).","Specified expenses are commonly reported separately, including advisory/management fees, 12b-1 distribution expenses, custodian and shareholder service costs, interest, dividends on securities sold short, professional and directors' fees (220-946-45-3).","Income tax expense is presented under the separate income category (investment income or realized/unrealized gains) to which it applies, and foreign withholding taxes are deducted from the related income item and shown parenthetically or as a contra item (220-946-45-3(g)-(h); 45-4); any provision relating to net investment income is disclosed separately (220-946-50-1).","Excess of investment income over total expenses is shown as net investment income (or loss) (220-946-45-5), and the sum of net investment income and net realized and unrealized gain or loss is presented as the net increase or decrease in net assets resulting from operations (220-946-45-7).","Realized gains/losses on investments are reported net of brokerage commissions, and foreign currency realized gains/losses may be combined with or reported separately from investment gains/losses; the entity's practice must be stated in the notes (220-946-45-6(a); 220-946-50-2).","Class-specific expenses must be reported for each class in the statement of operations or in the notes; allocating fund-level expenses by class is permitted but not required (220-946-45-9; 220-946-50-3).","A feeder fund presents its allocated share of the master fund's interest, dividends, expenses, and realized and unrealized gains/losses separately, plus its own fund-specific expenses and any waivers, with all feeders' amounts agreeing to master fund totals (220-946-45-11 through 45-12); a fund of funds reports only reporting-fund-level expenses because investee fund expenses are embedded in net earnings (220-946-45-13, 45-16)."],"categories":["Presentation","Disclosure","Industry-specific","Financial statement presentation"],"audience_level":"intermediate","student_note":"Investment company income statements follow a rigid three-tier format (net investment income → net realized/unrealized gain or loss → net increase in net assets from operations), which is tested heavily in specialized-industry accounting. 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Its central requirement is a clearly labeled \"performance indicator\" (e.g., revenues over expenses) reported in a statement that also shows total changes in net assets without donor restrictions, with a specified list of items — such as equity transfers, donor-restricted contributions, other comprehensive income items, and unrealized gains/losses on non-trading debt securities — required to be reported outside that indicator.","concepts":["performance indicator","not-for-profit business-oriented health care entity","equity transfer","net assets without donor restrictions","functional expense classification","trading debt securities","intermediate measure of operations","investment return"],"categories":["Presentation","Not-for-profit","Industry-specific","Disclosure"],"level":"intermediate","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-954-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
AffiliateAmendedMaintenance Update 2018-12 (PDF)09/10/2018
AffiliateAddedMaintenance Update 2017-19 (PDF)11/15/2017
Conditional ContributionAddedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2018-0806/21/2018
ContributionAddedMaintenance Update 2017-19 (PDF)11/15/2017
Donor-Imposed ConditionAddedAccounting Standards Update No. 2018-0806/21/2018
Donor-Imposed RestrictionAddedMaintenance Update 2017-19 (PDF)11/15/2017
Equity TransferAddedMaintenance Update 2017-19 (PDF)11/15/2017
Functional Expense ClassificationAddedMaintenance Update 2017-19 (PDF)11/15/2017
Inherent ContributionAddedMaintenance Update 2017-19 (PDF)11/15/2017
Net Assets with Donor RestrictionsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Net Assets without Donor RestrictionsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Performance IndicatorAddedMaintenance Update 2017-19 (PDF)11/15/2017
Promise to GiveAddedAccounting Standards Update No. 2018-0806/21/2018
954-220-05-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
954-220-15-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
954-220-15-2AddedMaintenance Update 2017-19 (PDF)11/15/2017
954-220-45-1 through 45-11
AddedMaintenance Update 2017-19 (PDF)11/15/2017
954-220-45-6AmendedAccounting Standards Update No. 2025-1212/17/2025
954-220-50-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
954-220-50-2AddedMaintenance Update 2017-19 (PDF)11/15/2017
954-220-55-1 through 55-6
AddedMaintenance Update 2017-19 (PDF)11/15/2017
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This Subtopic provides guidance on the presentation of a statement of operations and a statement of changes in net assets by not-for-profit, business-oriented health care entities.
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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic (see Section 954-10-15), with specific entity qualifications noted below.
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The guidance in this Subtopic applies only to not-for-profit, business-oriented health care entities.
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For not-for-profit, business-oriented health care entities, the statement of operations may be combined with the statement of changes in equity (net assets).
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Equity transfers are reported separately as changes in net assets, are excluded from the performance indicator, and do not result in any step-up in basis of the underlying assets transferred. Paragraph 958-720-30-3 provides guidance on services received from personnel of an affiliate that directly benefits the recipient not-for-profit, business-oriented health care entity and for which the affiliate does not charge the recipient entity. Paragraph 958-20-55-2B describes the difference between an equity transfer and an equity transaction.
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The increase in net assets associated with services received from personnel of an affiliate that directly benefit the recipient not-for-profit, business-oriented health care entity and for which the affiliate does not charge the recipient entity shall be reported as an equity transfer, regardless of whether those services are received from personnel of a not-for-profit affiliate or any other affiliate. The corresponding decrease in net assets or the creation or enhancement of an asset resulting from the use of services received from personnel of an affiliate shall be reported similar to how other such expenses or assets are reported.
","snippet":"The increase in net assets associated with services received from personnel of an affiliate that directly benefit the recipient not-for-profit, business-oriented health care entity and for which the affiliate does not ch…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc7e1bbea023cbb1155b711fc39a3205a4a1bdfcc6ca80202e1101dc152a0221","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2fcf91f021e4b54339561e084cade56ad4c89de7f6c11eec18d1b66a0757f6a","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"block":null,"heading":"Functional Allocations","paragraphs":[{"citation":"220-954-45-4","para":"45-4","html":"
Functional expense classification is a method of grouping expenses according to the purpose for which costs are incurred. The primary functional expense classifications are program services and supporting activities. The extent of classification and subclassification of expenses depends on many factors, such as the nature and complexity of the health care entity. For example, in complying with the requirements of paragraphs 958-205-45-6, 958-720-05-4, and 958-720-45-2, some not-for-profit health care entities may present only two categories: health services (including inpatient services, outpatient procedures, home health services, and so forth) and general and administrative. Others may present additional distinctions such as physician services, research, and teaching. Functional allocations shall be based on full cost allocations.
","snippet":"Functional expense classification is a method of grouping expenses according to the purpose for which costs are incurred. The primary functional expense classifications are program services and supporting activities. The…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed2f3bdc62a40c0e75ef0478d9e3fe71b91c7947f3c64d003774a07ab0436e4d","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e6c2fe6af5a34b6f8d6c40c7d6d65f8c105ae331fe07efd4ecbe9271d144691","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"block":null,"heading":"Performance Indicator and Intermediate Operating Measures","paragraphs":[{"citation":"220-954-45-5","para":"45-5","html":"
The statement of operations for not-for-profit, business-oriented health care entities shall include a performance indicator. Because of the importance of the performance indicator, it shall be clearly labeled with a descriptive term such as revenues over expenses, revenues and gains over expenses and losses, recognized income, or performance earnings. Not-for-profit, business-oriented health care entities shall report the performance indicator in a statement that also presents the total changes in net assets without donor restrictions. Other changes in net assets may be presented separately or in the same statement.
","snippet":"The statement of operations for not-for-profit, business-oriented health care entities shall include a performance indicator. Because of the importance of the performance indicator, it shall be clearly labeled with a des…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9aa82b1bc329bb7904a424fa4969392c23366055bed5716510ba60853a9c72a6","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"citation":"220-954-45-6","para":"45-6","html":"
Classifying revenues, expenses, gains, and losses within classes of net assets does not preclude incorporating additional classifications within the performance indicator. For example, within a class or classes of changes in net assets, an NFP may classify items as operating and nonoperating, expendable and nonexpendable, recognized and unrecognized, recurring and nonrecurring, or in other ways.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
105-10-65-10Classifying revenues, expenses, gains, and losses within classes of net assets does not preclude incorporating additional classifications within the performance indicator. For example, within a class or classes of changes in net assets, an NFP may classify items as operating and nonoperating, expendable and nonexpendable, recurring and nonrecurring, or in other ways.
","snippet":"Classifying revenues, expenses, gains, and losses within classes of net assets does not preclude incorporating additional classifications within the performance indicator. For example, within a class or classes of change…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce9b64b2140c0127c312e7175df2bae6afc6bc7f68f48a5f85ae364cd0369c44","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"citation":"220-954-45-7","para":"45-7","html":"
This guidance neither requires nor precludes reporting such intermediate measures or subtotals. Guidance on the use of an intermediate measure of operations is discussed in paragraphs
958-220-45-11 through 45-12
.
","snippet":"This guidance neither requires nor precludes reporting such intermediate measures or subtotals. Guidance on the use of an intermediate measure of operations is discussed in paragraphs 958-220-45-11 through 45-12.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:178faab9188d37d6d01587edf23cebd92b0dd055e86de9a001dff550189d7633","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"citation":"220-954-45-8","para":"45-8","html":"
Health care entities shall report the following items separately from the performance indicator:
  1. a
    Transactions with owners acting in that capacity.
  2. b
    Equity transfers involving other entities that control the reporting entity, are controlled by the reporting entity, or are under common control with the reporting entity.
  3. c
    Receipt of donor-restricted contributions.
  4. d
    Contributions of, and assets released from donor restrictions related to, long-lived assets.
  5. e
    Items that are required to be reported in or reclassified from other comprehensive income in accordance with paragraph 220-10-45-10A, which includes, but is not limited to, gains or losses, prior service costs or credits, and transition assets or obligations recognized in accordance with Topic 715; foreign currency translation adjustments; the portion of the gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments included in the assessment of effectiveness, and for all qualifying hedging relationships amounts excluded from the assessment of effectiveness and recognized in earnings through an amortization approach in accordance with paragraph 815-20-25-83A.
  6. f
    Items that are required to be reported separately under specialized not-for-profit standards.
  7. g
    Unrealized gains and losses on investments on other than trading debt securities, in accordance with paragraph 954-220-45-9.
  8. h
    Investment returns restricted by donors or by law.
  9. i
    Subparagraph superseded by Accounting Standards Update No. 2016-14.
  10. j
    Subparagraph superseded by Accounting Standards Update No. 2016-14.
  11. k
    An inherent contribution (see paragraph 958-805-25-31) that increases net assets with donor restrictions, as described in paragraph 954-805-45-2.
  12. l
    The portion of the total change in the fair value of the liability resulting from a change in the instrument-specific credit risk, in accordance with paragraph 825-10-45-5.
","snippet":"Health care entities shall report the following items separately from the performance indicator:\n(a) Transactions with owners acting in that capacity.\n(b) Equity transfers involving other entities that control the report…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5572b90e4a2f4439e69089f3fc56ce9e906c4d54c5f4727675b40829913b3abb","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"citation":"220-954-45-9","para":"45-9","html":"
Investment return (including realized and unrealized gains and losses) not restricted by donors or by law shall be classified as changes in net assets without donor restrictions as follows:
  1. a
    Included in the performance indicator are:
    1. 1
      Dividend, interest, and other similar investment income
    2. 2
      Realized gains and losses
    3. 3
      Unrealized gains and losses on trading debt securities (trading securities are defined in Topic 320)
    4. 4
      Credit loss expense (see Topic 326)
    5. 5
      Unrealized gains and losses and impairments on equity investments accounted for under Topic 321.
  2. b
    Excluded from the performance indicator are unrealized gains and losses on debt securities, unless the debt security is a trading debt security.
","snippet":"Investment return (including realized and unrealized gains and losses) not restricted by donors or by law shall be classified as changes in net assets without donor restrictions as follows:\n(a) Included in the performanc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e55658f9da1a9bb33220b12ec2dcddeef7cecea975191918155ef169ffe009dc","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"citation":"220-954-45-10","para":"45-10","html":"
If gains and investment income that are limited to specific uses by donor-imposed restrictions are reported as increases in net assets without donor restrictions in accordance with paragraph 958-220-45-6, classification of those gains and investment income should be consistent with the previous paragraph.
","snippet":"If gains and investment income that are limited to specific uses by donor-imposed restrictions are reported as increases in net assets without donor restrictions in accordance with paragraph 958-220-45-6, classification …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4afbec947d4fe95be258c6fc6e810df331b34eee10cd4c125f17b89fc849d27","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"citation":"220-954-45-11","para":"45-11","html":"
See paragraphs
958-220-45-23 through 45-24
for additional guidance on reporting investment gains, losses, and income.
","snippet":"See paragraphs 958-220-45-23 through 45-24 for additional guidance on reporting investment gains, losses, and income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1fb1b396e204af19035d41d9c20490f600bdc9da4b32007aaf3166a86b26f1da","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4866b57db055fe595436051f6910bedc08f290226e98f6ff245e8173c0e63b3","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6ce29bf76252e802c867abb99f44d85fb0d3f8ec4523cf6efde3d94e1fd3b30c","downloaded_from":"2026-09-09T23:07:04.774Z","last_downloaded_at":"2026-09-09T23:07:04.774Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477925","source_sha256":"d29134eab106bb5c96bb6ef715250823c8be595ceb1f3f3e57066f8c8ed69a2d"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Performance Indicator and Intermediate Operating Measures","paragraphs":[{"citation":"220-954-50-1","para":"50-1","html":"
The notes to the financial statements shall include a description of the nature and composition of the performance indicator.
","snippet":"The notes to the financial statements shall include a description of the nature and composition of the performance indicator.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6c5eb3a05b9506ef21d5c745bba58ec5bb070911fe100c4d2d13dce70fadd0a","downloaded_from":"2026-09-09T23:07:08.723Z","last_downloaded_at":"2026-09-09T23:07:08.723Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477120","source_sha256":"ed463cc48fe13e232d504db9ac5c4d166cedffe51a8eee3856ca2e8252d300c1"}},{"citation":"220-954-50-2","para":"50-2","html":"
Pursuant to paragraph 958-220-50-1, because terms such as operating income are used with different meanings, if an intermediate measure of operations is reported and its use is not apparent from the details provided on the face of the statement, a note to the financial statements shall describe the nature of the reported measure of operations or the items excluded from operations.
","snippet":"Pursuant to paragraph 958-220-50-1, because terms such as operating income are used with different meanings, if an intermediate measure of operations is reported and its use is not apparent from the details provided on t…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:035cb233200b0a9ee258a5c8c07408b99f9282cba99966dc360d41add0cb4948","downloaded_from":"2026-09-09T23:07:08.723Z","last_downloaded_at":"2026-09-09T23:07:08.723Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477120","source_sha256":"ed463cc48fe13e232d504db9ac5c4d166cedffe51a8eee3856ca2e8252d300c1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce86f98f56ff844ac494dfb50519ababb224bc5f61defbc72231778476b898dc","downloaded_from":"2026-09-09T23:07:08.723Z","last_downloaded_at":"2026-09-09T23:07:08.723Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477120","source_sha256":"ed463cc48fe13e232d504db9ac5c4d166cedffe51a8eee3856ca2e8252d300c1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d63980305f35132090980e43c3fa28b0e4666575d8c043145043f715595c8824","downloaded_from":"2026-09-09T23:07:08.723Z","last_downloaded_at":"2026-09-09T23:07:08.723Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477120","source_sha256":"ed463cc48fe13e232d504db9ac5c4d166cedffe51a8eee3856ca2e8252d300c1"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-954-55-1","para":"55-1","html":"
Paragraph superseded by Accounting Standards Update No. 2016-14.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86b923240e365bcfaaa060e86d2ead54c8ffd8a9977fa882c10d96f7eab788da","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3524b3560e3632133b3b20be44e3dc46497cee526a50d82225304ae6581ebb43","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"220-954-55-2","para":"55-2","html":"
This Example illustrates the accounting treatment and financial statement presentation for other-than-trading debt securities of a not-for-profit health care entity.
","snippet":"This Example illustrates the accounting treatment and financial statement presentation for other-than-trading debt securities of a not-for-profit health care entity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5115b3abe06fc9f29a5f5231a14c3b119b7647c8e9055d3fca3017ddfe22b37d","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}},{"citation":"220-954-55-3","para":"55-3","html":"
Other-than-trading debt securities are purchased in Year 1 at a cost of $100. At the end of Year 1, the fair value of the securities is $300. In Year 2, the securities are sold for $400.
","snippet":"Other-than-trading debt securities are purchased in Year 1 at a cost of $100. At the end of Year 1, the fair value of the securities is $300. In Year 2, the securities are sold for $400.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d24f5bdd667a6f677a20691a5620eb9be6531d9d3e688254db0dd59c26d97494","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}},{"citation":"220-954-55-4","para":"55-4","html":"
The journal entries are as follows:
","snippet":"The journal entries are as follows:\nEntry at the end of Year 1 to adjust the recorded value of the securities to fair value.\nEntry at the end of Year 2 to record the sale of the securities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17fffedb1e62af5f80a11b1e267b240f197760d1e3b94020de10d10191aec110","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}},{"citation":"220-954-55-5","para":"55-5","html":"
As discussed in paragraph 954-220-45-9, unrealized gains and losses on debt securities (except for trading debt securities) are reported in the statement of operations outside of the performance indicator and realized gains and losses are reported in the statement of operations within the performance indicator.
","snippet":"As discussed in paragraph 954-220-45-9, unrealized gains and losses on debt securities (except for trading debt securities) are reported in the statement of operations outside of the performance indicator and realized ga…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6e5c76f8455d3cab5a69279f7ee52b70fccd55dc62bf75a8b4b91da1f51055f9","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}},{"citation":"220-954-55-6","para":"55-6","html":"
Two possible presentations of net investment return on the statement of operations of a not-for-profit health care entity that presents a performance indicator in accordance with the information and illustration in paragraphs
954-220-55-3 through 55-5
are as follows.
","snippet":"Two possible presentations of net investment return on the statement of operations of a not-for-profit health care entity that presents a performance indicator in accordance with the information and illustration in parag…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aa6bae89a7728323a36f6ecb1e58b2108edc438e99fd27865db8fe028ad455fd","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6718a2836389c5c96e252854c5411225ff8d0814e3ca40c39fccbdb5096b934e","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b8bfe576bbcc487d25f069294d408181deae30b531d4df584f3ec8d23759caa7","downloaded_from":"2026-09-09T23:07:12.667Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478166","source_sha256":"f4439efea699fff42187ea87bf7c18ff6b4ae6c9a1f29fa4fd764a1f6ac78a30"}}],"enrichment":{"summary":"This Subtopic governs how not-for-profit, business-oriented health care entities present their statement of operations and statement of changes in net assets. Its central requirement is a clearly labeled \"performance indicator\" (e.g., revenues over expenses) reported in a statement that also shows total changes in net assets without donor restrictions, with a specified list of items — such as equity transfers, donor-restricted contributions, other comprehensive income items, and unrealized gains/losses on non-trading debt securities — required to be reported outside that indicator.","key_points":["The guidance applies only to not-for-profit, business-oriented health care entities (220-954-15-2), and the statement of operations may be combined with the statement of changes in equity (net assets) (220-954-45-1).","The statement of operations must include a performance indicator that is clearly labeled with a descriptive term such as revenues over expenses or performance earnings, presented in a statement that also shows total changes in net assets without donor restrictions (220-954-45-5).","Paragraph 220-954-45-8 lists items reported separately from (outside) the performance indicator, including owner transactions, equity transfers with controlled/controlling/common-control entities, receipt of donor-restricted contributions, contributions of and assets released for long-lived assets, other comprehensive income items under 220-10-45-10A, donor- or law-restricted investment returns, inherent contributions increasing net assets with donor restrictions, and instrument-specific credit risk changes under 825-10-45-5.","Unrestricted investment return inside the performance indicator includes dividend and interest income, realized gains and losses, unrealized gains/losses on trading debt securities, credit loss expense, and unrealized gains/losses and impairments on Topic 321 equity investments; unrealized gains and losses on non-trading debt securities are excluded (220-954-45-9).","Increases in net assets from services received from personnel of an affiliate that are not charged to the recipient are reported as equity transfers regardless of the affiliate's status, while the related expense or asset is reported like other such expenses or assets (220-954-45-3); equity transfers are excluded from the performance indicator and create no step-up in basis (220-954-45-2).","Functional expense classification groups costs by purpose into program services and supporting activities, with the extent of subclassification depending on the entity's nature and complexity, and allocations based on full cost allocations (220-954-45-4).","The notes must describe the nature and composition of the performance indicator (220-954-50-1), and if an intermediate measure of operations is reported and its use is not apparent, the notes must describe the measure or the items excluded from operations (220-954-50-2)."],"categories":["Presentation","Not-for-profit","Industry-specific","Disclosure"],"audience_level":"intermediate","student_note":"The performance indicator is the NFP health care analogue of \"net income,\" and exam questions almost always test which items fall outside it; the most common error is treating all unrealized gains as excluded — unrealized gains on trading debt securities and on Topic 321 equity investments are inside the indicator, only non-trading debt security unrealized gains are outside.","related_topics":["958-220","954-220","958-205","958-720","958-805","320"],"key_concepts":["performance indicator","not-for-profit business-oriented health care entity","equity transfer","net assets without donor restrictions","functional expense classification","trading debt securities","intermediate measure of operations","investment return"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4c9148adc9e0cb379e01521528e28fd1890beac2a94b6698a3689974a056a4fe","downloaded_from":"2026-09-09T23:06:55.321Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"220-958","title":"Not-for-Profit Entities","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.8282,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1bea189682867562fa8cc9fea4b866ea5203fa3fec51e4d6e061a337330062c1","downloaded_from":"2026-09-09T23:07:15.767Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"325-958","title":"Not-for-Profit Entities","topic_title":"Investments—Other","score":0.8167,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fe238e21ccc108c433201c5bd4c5a38e1064bf57b84d198ea45ee4874eb4d4b","downloaded_from":"2026-09-09T23:47:13.039Z","last_downloaded_at":"2026-09-09T23:47:39.630Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"320-958","title":"Not-for-Profit Entities","topic_title":"Investments—Debt Securities","score":0.8106,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:371d6503266587ef4ca6af7d4092fc44e59ba44c340402319322c0754f41ada7","downloaded_from":"2026-09-09T23:37:46.933Z","last_downloaded_at":"2026-09-09T23:38:15.825Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"205-958","title":"Not-for-Profit Entities","topic_title":"Presentation of Financial Statements","score":0.8022,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63bab8aae84ecff8fadd4bd8a6625d3b2a3d90ded7e016ad9894765f21f6a8e0","downloaded_from":"2026-09-09T22:55:47.235Z","last_downloaded_at":"2026-09-09T22:56:13.307Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"815-954","title":"Health Care Entities","topic_title":"Derivatives and Hedging","score":0.7997,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f067e1029282b3b632bc5c48254873f7e02ad470dc2fb17f242a59dffcae8078","downloaded_from":"2026-09-10T01:40:48.280Z","last_downloaded_at":"2026-09-10T01:41:05.239Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"810-954","title":"Health Care Entities","topic_title":"Consolidation","score":0.7979,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b019606ea1946dfef5e245f2aaba4e70c602c0ca1f5b09e8294a663c6d5fdea1","downloaded_from":"2026-09-10T01:32:41.551Z","last_downloaded_at":"2026-09-10T01:33:00.907Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"220-946","title":"Financial Services—Investment Companies","topic_title":"Income Statement—Reporting Comprehensive 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established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5317171da8ccdce049d55f7eaec72c4e4985b660742a331c3a8ada96ec0d10aa","downloaded_from":"2026-09-09T23:06:55.321Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-958","topic":"220","title":"Not-for-Profit Entities","area":"Presentation","paragraphs":58,"summary":"ASC 220-958 governs the not-for-profit statement of activities — the NFP substitute for a business entity's income statement. It requires the statement to focus on the entity as a whole and report the change in total net assets, the change in net assets with donor restrictions, and the change in net assets without donor restrictions, with revenues, expenses, gains, losses, and reclassifications classified among those net asset classes. It addresses how to report these elements (including gross versus net display, investment return net of investment expenses, and optional intermediate measures of operations), but not when to recognize or how to measure them.","concepts":["statement of activities","net assets with donor restrictions","net assets without donor restrictions","reclassification of net assets","measure of operations","net investment return","direct internal investment expenses","special events gross versus net reporting"],"categories":["Not-for-profit","Presentation","Financial statement presentation","Disclosure"],"level":"intermediate","topic_title":"Income Statement—Reporting Comprehensive Income","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-958-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
AffiliateAmendedMaintenance Update 2018-12 (PDF)09/10/2018
AffiliateAddedMaintenance Update 2017-19 (PDF)11/15/2017
AgentAddedMaintenance Update 2017-19 (PDF)11/15/2017
Bankruptcy CodeAddedMaintenance Update 2017-19 (PDF)11/15/2017
Board-Designated Endowment FundAddedMaintenance Update 2017-19 (PDF)11/15/2017
Chapter 11AddedMaintenance Update 2017-19 (PDF)11/15/2017
Conditional ContributionAddedAccounting Standards Update No. 2018-0806/21/2018
ContributionAmendedAccounting Standards Update No. 2018-0806/21/2018
ContributionAddedMaintenance Update 2017-19 (PDF)11/15/2017
Disposal GroupAddedMaintenance Update 2017-19 (PDF)11/15/2017
Donor-Imposed ConditionAddedAccounting Standards Update No. 2018-0806/21/2018
Donor-Imposed RestrictionAddedMaintenance Update 2017-19 (PDF)11/15/2017
Donor-Restricted Endowment FundAddedMaintenance Update 2017-19 (PDF)11/15/2017
Donor-Restricted SupportAddedMaintenance Update 2017-19 (PDF)11/15/2017
Endowment FundAddedMaintenance Update 2017-19 (PDF)11/15/2017
Equity TransferAddedMaintenance Update 2017-19 (PDF)11/15/2017
Functional Expense ClassificationAddedMaintenance Update 2017-19 (PDF)11/15/2017
Funds Functioning as EndowmentAddedMaintenance Update 2017-19 (PDF)11/15/2017
Inherent ContributionAddedMaintenance Update 2017-19 (PDF)11/15/2017
IntermediaryAddedMaintenance Update 2017-19 (PDF)11/15/2017
Lead InterestAddedMaintenance Update 2017-19 (PDF)11/15/2017
Natural Expense ClassificationAmendedAccounting Standards Update No. 2024-0311/04/2024
Natural Expense ClassificationAddedMaintenance Update 2017-19 (PDF)11/15/2017
Net AssetsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Net Assets with Donor RestrictionsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Net Assets without Donor RestrictionsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Not-for-Profit EntityAddedMaintenance Update 2017-19 (PDF)11/15/2017
Permanently Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Permanently Restricted Net AssetsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Programmatic InvestingAddedMaintenance Update 2017-19 (PDF)11/15/2017
Promise to GiveAddedAccounting Standards Update No. 2018-0806/21/2018
ReclassificationSupersededAccounting Standards Update No. 2016-1408/18/2016
ReclassificationAddedMaintenance Update 2017-19 (PDF)11/15/2017
Reclassification of Net AssetsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Remainder InterestAddedMaintenance Update 2017-19 (PDF)11/15/2017
Restricted SupportSupersededAccounting Standards Update No. 2016-1408/18/2016
Restricted SupportAddedMaintenance Update 2017-19 (PDF)11/15/2017
Spending RateAddedMaintenance Update 2017-19 (PDF)11/15/2017
Split-Interest AgreementAddedMaintenance Update 2017-19 (PDF)11/15/2017
StipulationAddedMaintenance Update 2017-19 (PDF)11/15/2017
Temporarily Restricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Temporarily Restricted Net AssetsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Total ReturnAddedMaintenance Update 2017-19 (PDF)11/15/2017
TrusteeAddedMaintenance Update 2017-19 (PDF)11/15/2017
Unrestricted Net AssetsSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted Net AssetsAddedMaintenance Update 2017-19 (PDF)11/15/2017
Unrestricted SupportSupersededAccounting Standards Update No. 2016-1408/18/2016
Unrestricted SupportAddedMaintenance Update 2017-19 (PDF)11/15/2017
Variance PowerAddedMaintenance Update 2017-19 (PDF)11/15/2017
958-220-05-1 through 05-3
AddedMaintenance Update 2017-19 (PDF)11/15/2017
958-220-15-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
958-220-15-2AddedMaintenance Update 2017-19 (PDF)11/15/2017
958-220-45-1 through 45-30
AddedMaintenance Update 2017-19 (PDF)11/15/2017
958-220-45-7AmendedAccounting Standards Update No. 2020-1010/29/2020
958-220-45-9AmendedAccounting Standards Update No. 2025-1212/17/2025
958-220-45-21AmendedAccounting Standards Update No. 2020-1010/29/2020
958-220-45-31AddedAccounting Standards Update No. 2020-0709/17/2020
958-220-50-1AddedMaintenance Update 2017-19 (PDF)11/15/2017
958-220-55-1 through 55-20
AddedMaintenance Update 2017-19 (PDF)11/15/2017
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This Subtopic provides guidance on a statement of activities for not-for-profit entities (NFPs). A statement of activities for NFPs is the financial statement that an NFP issues instead of a business entity's income statement.
","snippet":"This Subtopic provides guidance on a statement of activities for not-for-profit entities (NFPs). A statement of activities for NFPs is the financial statement that an NFP issues instead of a business entity's income stat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cc4dc5dab75ef6deed7bb41494ee09edadef66656115947dcf9343c809add45b","downloaded_from":"2026-09-09T23:07:19.163Z","last_downloaded_at":"2026-09-09T23:07:19.163Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478407","source_sha256":"92eb69af4a0f1aa9ee42b5f9b9c36f2d1a50b3563583ae816c295115848bf48c"}},{"citation":"220-958-05-2","para":"05-2","html":"
The primary purpose of a statement of activities is to provide relevant information about all of the following items:
  1. a
    The effects of transactions and other events and circumstances that change the amount and nature of net assets
  2. b
    The relationships of those transactions and other events and circumstances to each other
  3. c
    How the NFP's resources are used in providing various programs or services.
","snippet":"The primary purpose of a statement of activities is to provide relevant information about all of the following items:\n(a) The effects of transactions and other events and circumstances that change the amount and nature o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6fdcf11e7b21359e49fdaecc60f9288dbc273443dc407364ef0d9eed063b7a36","downloaded_from":"2026-09-09T23:07:19.163Z","last_downloaded_at":"2026-09-09T23:07:19.163Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478407","source_sha256":"92eb69af4a0f1aa9ee42b5f9b9c36f2d1a50b3563583ae816c295115848bf48c"}},{"citation":"220-958-05-3","para":"05-3","html":"
The information provided in a statement of activities, used with related disclosures and information in the other financial statements, helps donors, creditors, and others to do all of the following:
  1. a
    Evaluate the NFP's performance during a period
  2. b
    Assess an NFP's service efforts and its ability to continue to provide services
  3. c
    Assess how an NFP's managers have discharged their stewardship responsibilities and other aspects of their performance.
","snippet":"The information provided in a statement of activities, used with related disclosures and information in the other financial statements, helps donors, creditors, and others to do all of the following:\n(a) Evaluate the NFP…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef430b64633f9fbb62bf7a31ba171f83811e96659d8da2681e634f6ef5a9e36b","downloaded_from":"2026-09-09T23:07:19.163Z","last_downloaded_at":"2026-09-09T23:07:19.163Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478407","source_sha256":"92eb69af4a0f1aa9ee42b5f9b9c36f2d1a50b3563583ae816c295115848bf48c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:04a785306f52729241528ea34b6b008456b66290eaeee83835933802eaa22f47","downloaded_from":"2026-09-09T23:07:19.163Z","last_downloaded_at":"2026-09-09T23:07:19.163Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478407","source_sha256":"92eb69af4a0f1aa9ee42b5f9b9c36f2d1a50b3563583ae816c295115848bf48c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f87c23b379438942a01b82d291a920fa9638643da40520e3210190abf0cdd716","downloaded_from":"2026-09-09T23:07:19.163Z","last_downloaded_at":"2026-09-09T23:07:19.163Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478407","source_sha256":"92eb69af4a0f1aa9ee42b5f9b9c36f2d1a50b3563583ae816c295115848bf48c"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"220-958-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15. It addresses how to report revenues, expenses, gains, and losses in financial statements; however, it does not specify when to recognize or how to measure those elements.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 958-10-15. It addresses how to report revenues, expenses, gains, and losses in financial statements; however, it …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b3f820510127dde8d3b9da781bf7e78883fff82b60bc7c37886b1000baf1539","downloaded_from":"2026-09-09T23:07:22.603Z","last_downloaded_at":"2026-09-09T23:07:22.603Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477371","source_sha256":"5783bc1d0c6bb733a1f4632cca4c21ef7ee92e615d35ca1844dc2cefd6344736"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f32029a3d6c73c3fff35bf7f3fe981dfef1ea05fbbc100e9bbd3b39d24b8645d","downloaded_from":"2026-09-09T23:07:22.603Z","last_downloaded_at":"2026-09-09T23:07:22.603Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477371","source_sha256":"5783bc1d0c6bb733a1f4632cca4c21ef7ee92e615d35ca1844dc2cefd6344736"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"220-958-15-2","para":"15-2","html":"
The application of this Subtopic by not-for-profit, business-oriented health care entities as described in Section 954-10-05 is subject to additional guidance in Subtopic 954-220.
","snippet":"The application of this Subtopic by not-for-profit, business-oriented health care entities as described in Section 954-10-05 is subject to additional guidance in Subtopic 954-220.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5cd229d5af2680fa780ed52fe81551d2033f3b0c9fa06974896a512dd37dbccf","downloaded_from":"2026-09-09T23:07:22.603Z","last_downloaded_at":"2026-09-09T23:07:22.603Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477371","source_sha256":"5783bc1d0c6bb733a1f4632cca4c21ef7ee92e615d35ca1844dc2cefd6344736"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b61ba1282f7a602144c6211984e1720cf7acd407f3b2a2c0bf50955b3b7ec426","downloaded_from":"2026-09-09T23:07:22.603Z","last_downloaded_at":"2026-09-09T23:07:22.603Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477371","source_sha256":"5783bc1d0c6bb733a1f4632cca4c21ef7ee92e615d35ca1844dc2cefd6344736"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5957437b0bd87aa1f14f49966d789a4fbb0a893f98eb5b40f789aa8abbe97c77","downloaded_from":"2026-09-09T23:07:22.603Z","last_downloaded_at":"2026-09-09T23:07:22.603Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477371","source_sha256":"5783bc1d0c6bb733a1f4632cca4c21ef7ee92e615d35ca1844dc2cefd6344736"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Totals and Format","paragraphs":[{"citation":"220-958-45-1","para":"45-1","html":"
A statement of activities provided by a not-for-profit entity (NFP) shall focus on the entity as a whole and shall report the following amounts for the period:
  1. a
    The change in net assets
  2. b
    The change in net assets with donor restrictions
  3. c
    The change in net assets without donor restrictions
  4. d
    Subparagraph superseded by Accounting Standards Update No. 2016-14.
","snippet":"A statement of activities provided by a not-for-profit entity (NFP) shall focus on the entity as a whole and shall report the following amounts for the period:\n(a) The change in net assets\n(b) The change in net assets wi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fbb035aaf3ac7b200dabdf31377bba23863cd9757dbb9212cc8c75e559965b2","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-2","para":"45-2","html":"
The change in net assets shall articulate to the net assets or equity reported in the statement of financial position and it shall be referred to using a descriptive term such as change in net assets or change in equity.
","snippet":"The change in net assets shall articulate to the net assets or equity reported in the statement of financial position and it shall be referred to using a descriptive term such as change in net assets or change in equity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2fd05a31764e821be7f9ffed4c43275f9b1c7d9f4732965ed2e7afa87d0f0045","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-3","para":"45-3","html":"
Revenues, expenses, gains, and losses increase or decrease net assets and shall be classified as provided in paragraphs
958-220-45-4 through 45-12
. Reclassification of net assets, such as expirations of donor-imposed restrictions, shall be reported as separate items.
","snippet":"Revenues, expenses, gains, and losses increase or decrease net assets and shall be classified as provided in paragraphs 958-220-45-4 through 45-12. Reclassification of net assets, such as expirations of donor-imposed res…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ba316037029f3d19d0fabafca8a8625b2322b10871ce7655812cab8ccb583eba","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41367e5504efb24d5a317ad7585b1d8e4159f007ff8d4640f3485cee82176f15","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Classification of Revenues, Expenses, Gains, and Losses","paragraphs":[{"citation":"220-958-45-4","para":"45-4","html":"
Information about revenues, expenses, gains, losses, and reclassification of net assets generally is provided by aggregating items that possess similar characteristics into reasonably homogeneous groups.
","snippet":"Information about revenues, expenses, gains, losses, and reclassification of net assets generally is provided by aggregating items that possess similar characteristics into reasonably homogeneous groups.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1610956e9eb1eadc168d1702b689710ec8c55e1ae01ec0daeb8afb0ea8680dec","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-5","para":"45-5","html":"
A statement of activities shall report revenues as increases in net assets without donor restrictions unless the use of the assets received is limited by donor-imposed restrictions. For example, fees from rendering services and income from investments generally are without donor restrictions; however, income from donor-restricted perpetual or term endowments generally would increase net assets with donor restrictions.
","snippet":"A statement of activities shall report revenues as increases in net assets without donor restrictions unless the use of the assets received is limited by donor-imposed restrictions. For example, fees from rendering servi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c0915fafe2e5d4abad173b26eed106b7d3ef73f371e3e7948ceb49327e3fdfee","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-6","para":"45-6","html":"
Pursuant to the Contributions Received Subsections of Subtopic 958-605, in the absence of a donor's explicit stipulation or circumstances surrounding the receipt of the contribution that make clear the donor's implicit restriction on use, contributions are reported as revenues or gains without donor restrictions, which increase net assets without donor restrictions. The classification of contributions received as revenues or gains depends on whether the transactions are part of the NFP's ongoing major or central activities (revenues), or are peripheral or incidental to the NFP (gains). Donor-restricted contributions are reported as restricted revenues or gains (donor-restricted support), which increase net assets with donor restrictions. However, donor-restricted contributions whose restrictions are met in the same reporting period may be reported as support in net assets without donor restrictions, provided that an NFP has a similar policy for reporting investment gains and income, reports consistently from period to period, and discloses its accounting policy.
","snippet":"Pursuant to the Contributions Received Subsections of Subtopic 958-605, in the absence of a donor's explicit stipulation or circumstances surrounding the receipt of the contribution that make clear the donor's implicit r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d159b50a32ddadc6b380cc86f6869e0686bb7f93b649ab285ce2326d3053a2f7","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-7","para":"45-7","html":"
A statement of activities shall report expenses as decreases in net assets without donor restrictions, with the exception of investment expenses, which shall be netted against investment return and reported in the net asset class in which the net investment return is reported (see Subtopic 958-720).
","snippet":"A statement of activities shall report expenses as decreases in net assets without donor restrictions, with the exception of investment expenses, which shall be netted against investment return and reported in the net as…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8b606f52b71d2564100b013c75c5851fbd485d2b942c555e714848e22c252718","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-8","para":"45-8","html":"
A statement of activities shall report gains and losses recognized on investments and other assets (or liabilities) as increases or decreases in net assets without donor restrictions unless their use is restricted by explicit donor stipulations or by law that extends donor restrictions. For example, net gains on investment assets, to the extent recognized in financial statements, are reported as increases in net assets without donor restrictions unless their use is restricted by a donor to a specified purpose or future period or by law that extends donor restrictions. See paragraphs
958-220-45-22 through 45-30
for additional guidance about reporting investment gains and losses, and paragraphs 958-205-45-13 through 45-13H for additional guidance about reporting gains and losses on endowment funds. See paragraph 958-310-45-3 for additional guidance about bad debt expenses and losses.
","snippet":"A statement of activities shall report gains and losses recognized on investments and other assets (or liabilities) as increases or decreases in net assets without donor restrictions unless their use is restricted by exp…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92400740e8366082965fd17b064a3535f32146b37a9a86d8ccf9f6205586c49d","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf8e240412d7ce506a2ae0eaca52ccbeaf057f0d92489f9f5ba4fcb52de262b2","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Measure of Operations","paragraphs":[{"citation":"220-958-45-9","para":"45-9","html":"
Classifying revenues, expenses, gains, and losses within classes of net assets does not preclude incorporating additional classifications within a statement of activities. For example, within a class or classes of changes in net assets, an NFP may classify items as follows:
  1. a
    Operating and nonoperating
  2. b
    Expendable and nonexpendable
  3. c
    Recognized and unrecognized
  4. d
    Recurring and nonrecurring
  5. e
    In other ways.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
105-10-65-10Classifying revenues, expenses, gains, and losses within classes of net assets does not preclude incorporating additional classifications within a statement of activities. For example, within a class or classes of changes in net assets, an NFP may classify items as follows:
  1. a
    Operating and nonoperating
  2. b
    Expendable and nonexpendable
  3. c
  4. d
    Recurring and nonrecurring
  5. e
    In other ways.
","snippet":"Classifying revenues, expenses, gains, and losses within classes of net assets does not preclude incorporating additional classifications within a statement of activities. For example, within a class or classes of change…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fdd8e4e153fc068570a4cb6ecf29db2553ea67492d8b4230f8a33512fef0c210","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-10","para":"45-10","html":"
This Subtopic neither encourages nor discourages those further classifications. However, because terms such as operating income, operating profit, operating surplus, operating deficit, and results of operations are used with different meanings, if an intermediate measure of operations (for example, excess or deficit of operating revenues over expenses) is reported, it shall be in a financial statement that, at a minimum, reports the change in net assets without donor restrictions for the period. Example 1 (see paragraph 958-220-55-5) illustrates a statement of revenues, expenses, and other changes in net assets without donor restrictions that subdivides all transactions and other events and circumstances to make an operating and nonoperating distinction.
","snippet":"This Subtopic neither encourages nor discourages those further classifications. However, because terms such as operating income, operating profit, operating surplus, operating deficit, and results of operations are used …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c250756a1741f0f8fa4cef13f4fa39a4009c65dd03b4f50e08099a0ad7b648ed","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-11","para":"45-11","html":"
Some limitations on an NFP's use of an intermediate measure of operations are imposed by other Subtopics. If a subtotal such as income from operations is presented, it shall include the following amounts:
  1. a
    An impairment loss recognized for a long-lived asset (asset group) to be held and used, pursuant to paragraph 360-10-45-4
  2. b
    Costs associated with an exit or disposal activity that does not involve a discontinued operation, pursuant to paragraph 420-10-45-3
  3. c
    A gain or loss recognized on the sale of a long-lived asset (disposal group) that is not a component of an entity that qualifies for discontinued operations treatment, as defined in Subtopic 205-20, and pursuant to paragraph 360-10-45-5.
In addition, the subtotal such as income from operations shall exclude the components of net periodic pension cost and net periodic postretirement benefit cost other than the service cost component, pursuant to paragraph 958-715-45-3.
","snippet":"Some limitations on an NFP's use of an intermediate measure of operations are imposed by other Subtopics. If a subtotal such as income from operations is presented, it shall include the following amounts:\n(a) An impairme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d190db9d665b5c2cb3dc6c69f8c4a0c175a4f0bc36219043e410fb40d19311a","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-12","para":"45-12","html":"
Pursuant to paragraph 958-220-50-1, if an NFP's use of the term operations is not apparent from the details provided on the face of the statement, a note to financial statements shall describe the nature of the reported measure of operations or the items excluded from operations. If an NFP presents internal board designations, appropriations, and similar actions on the face of the financial statements, a note to financial statements shall provide an appropriate disaggregation and description by type of these actions if not provided on the face of the financial statements.
","snippet":"Pursuant to paragraph 958-220-50-1, if an NFP's use of the term operations is not apparent from the details provided on the face of the statement, a note to financial statements shall describe the nature of the reported …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6a9f132d1596aadc8bc72820b347a7b2c18aebc0c7e6235f9580d7f65eb264f3","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a2b1ce2b5db5f96417eaa19cf29658c967433a66133a3ce50aeef72dc94c990","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Reclassifications","paragraphs":[{"citation":"220-958-45-13","para":"45-13","html":"
Reclassifications of net assets—that is, simultaneous increases in one net asset class and decreases in another—shall be made if any of the following events occur:
  1. a
    The NFP fulfills the purposes for which the net assets were restricted.
  2. b
    Donor-imposed restrictions expire with the passage of time or with the death of a split-interest agreement beneficiary (if the net assets are not otherwise restricted).
  3. c
    A donor withdraws, or court action removes, previously imposed restrictions.
  4. d
    A donor imposes restrictions on net assets without donor restrictions. For example, a donor may make a restricted contribution that is conditioned on the NFP restricting a stated amount of its net assets without donor restrictions. Such restrictions that are not reversible without donors' consent result in a reclassification of net assets without donor restrictions to net assets with donor restrictions.
See paragraphs
958-205-45-9 through 45-12
for additional information about the expiration of donor-imposed restrictions.
","snippet":"Reclassifications of net assets—that is, simultaneous increases in one net asset class and decreases in another—shall be made if any of the following events occur:\n(a) The NFP fulfills the purposes for which the net asse…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f89d28bbe6097ca82c52e96a7b0b6dd2fae415c6f6e28bb08647fbc0f73dd66","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7b94f84e189ffe870e1e3a76f36a5b177bef68d9e6d4ed59988031165b31a64c","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Gross versus Net Reporting of Amounts","paragraphs":[{"citation":"220-958-45-14","para":"45-14","html":"
To help explain the relationships of an NFP's ongoing major or central operations and activities, a statement of activities generally shall report the gross amounts of revenues and expenses. However, investment return (related to total return investing and not programmatic investing) shall be reported net of external and direct internal investment expenses. An NFP may present the amounts of net investment return from portfolios that are managed differently or derived from different sources as separate, appropriately labeled line items on the statement of activities. For example, if an NFP has net investment return generated from operating cash, it may present that return separately from net investment return generated from its endowment. In addition, if appropriately labeled, an NFP may present the amounts of net investment return appropriated for spending separate from net investment return in excess of amounts appropriated for spending.
","snippet":"To help explain the relationships of an NFP's ongoing major or central operations and activities, a statement of activities generally shall report the gross amounts of revenues and expenses. However, investment return (r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f04521bc78514525678383bf0e652eca4330610e5d4bfa579fc4827e913f07e6","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-15","para":"45-15","html":"
Direct internal investment expenses involve the direct conduct or direct supervision of the strategic and tactical activities involved in generating investment return. These include, but are not limited to, both of the following:
  1. a
    Salaries, benefits, travel, and other costs associated with the officer and staff responsible for the development and execution of investment strategy
  2. b
    Allocable costs associated with internal investment management and supervising, selecting, and monitoring of external investment management firms.
","snippet":"Direct internal investment expenses involve the direct conduct or direct supervision of the strategic and tactical activities involved in generating investment return. These include, but are not limited to, both of the f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec96ac654d6fc66e23ff4d35478bac3b689122ed4c19b26596f7618c78461dd4","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-16","para":"45-16","html":"
Direct internal investment expenses do not include items that are not associated with generating investment return. For example, the costs associated with unitization and other such aspects of endowment management would not be allocated.
","snippet":"Direct internal investment expenses do not include items that are not associated with generating investment return. For example, the costs associated with unitization and other such aspects of endowment management would …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75e3ab40f33e19b5cce018d7155fc649432dc42248a46f3bf44a4590b658330a","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-17","para":"45-17","html":"
A statement of activities may report gains and losses as net amounts if they result from peripheral or incidental transactions or from other events and circumstances that may be largely beyond the control of the NFP and its management. Information about their net amounts generally is adequate to understand the NFP's activities. For example, an entity that sells land and buildings no longer needed for its ongoing activities commonly reports that transaction as a net gain or loss, rather than as gross revenues for the sales value and expense for the carrying value of the land and buildings sold. The net amount of those peripheral transactions, used with information in a statement of cash flows, usually is adequate to help assess how an entity uses its resources and how managers discharge their stewardship responsibilities.
","snippet":"A statement of activities may report gains and losses as net amounts if they result from peripheral or incidental transactions or from other events and circumstances that may be largely beyond the control of the NFP and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cf02396facd9a6819bc8eb6e211f1299f71d73225f251ee20b50ba81d2fc054","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-18","para":"45-18","html":"
The frequency of the events and the significance of the gross revenues and expenses distinguish major or central events from peripheral or incidental events. Events are ongoing major and central activities if they are normally part of an NFP's strategy and it normally carries on such activities or if the event's gross revenues or expenses are significant in relation to the NFP's annual budget. Events are peripheral or incidental if they are not an integral part of an NFP's usual activities or if their gross revenues or expenses are not significant in relation to the NFP's annual budget. Accordingly, similar events may be reported differently by different NFPs based on the NFP's overall activities.
","snippet":"The frequency of the events and the significance of the gross revenues and expenses distinguish major or central events from peripheral or incidental events. Events are ongoing major and central activities if they are no…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e7259c67e5ce13b8859cd9a5bed88c060ee8320fcc8b15dbd9de6c31a640b81","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-19","para":"45-19","html":"
An NFP may report net amounts for its special events if they result from peripheral or incidental transactions. However, so-called special events can be ongoing and major activities; if so, an NFP shall report the gross revenues and expenses of those activities. Costs netted against receipts from peripheral or incidental special events shall be limited to direct costs. See Example 4 (paragraph 958-220-55-11) for three possible methods of complying with this requirement.
","snippet":"An NFP may report net amounts for its special events if they result from peripheral or incidental transactions. However, so-called special events can be ongoing and major activities; if so, an NFP shall report the gross …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:06493284309f4994be53981608a5d6a9941c6cb87628560dc77a6b76b121fcd6","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7fd37624a743bc725dc12dd938b5dd3e0ed9409a46daa1a7243ba9fbb5d72df5","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Equity Transfers","paragraphs":[{"citation":"220-958-45-20","para":"45-20","html":"
Equity transfers are reported separately as changes in net assets and do not result in any step-up in basis of the underlying assets transferred. However, a service received from personnel of an affiliate that directly benefits the recipient NFP and for which the affiliate does not charge the recipient NFP may be recorded at the fair value of that service in the circumstances indicated in paragraph 958-720-30-3. Paragraph 958-20-55-2B describes the difference between an equity transfer and an equity transaction. Paragraph 954-220-45-2 provides additional guidance on the reporting of equity transfers for not-for-profit, business-oriented health care entities.
","snippet":"Equity transfers are reported separately as changes in net assets and do not result in any step-up in basis of the underlying assets transferred. However, a service received from personnel of an affiliate that directly b…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:373f5b5307e4d149c24fedf71e49f59d885b124f3edb991fb6c907a27e379f21","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-21","para":"45-21","html":"
The increase in net assets associated with services received from personnel of an affiliate that directly benefit the recipient NFP and for which the affiliate does not charge the recipient NFP shall be reported as an equity transfer, regardless of whether those services are received from personnel of a not-for-profit affiliate or any other affiliate. The corresponding decrease in net assets or the creation or enhancement of an asset resulting from the use of services received from personnel of an affiliate shall be reported similar to how other such expenses or assets are reported. See paragraph 958-720-45-56 for presentation guidance on services received from personnel of an affiliate. Paragraphs
954-220-45-2 through 45-3
provide additional guidance for not-for-profit, business-oriented health care entities.
","snippet":"The increase in net assets associated with services received from personnel of an affiliate that directly benefit the recipient NFP and for which the affiliate does not charge the recipient NFP shall be reported as an eq…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:63ff216edabf3a249323cd6cddc8056bc1e853c5fbd035c49fab5a867dc216d8","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:05de84854e989107f916f7407c26d63f6941b58c673eac09dd5277826a025c25","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Reporting Investment Gains, Losses, and Income","paragraphs":[{"citation":"220-958-45-22","para":"45-22","html":"
Pursuant to paragraph 958-220-45-8, gains and losses on investments and dividends, interest, and other investment income shall be reported in the statement of activities as increases or decreases in net assets without donor restrictions unless their use is limited by donor-imposed restrictions or by law that extends donor restrictions, in which case those amounts shall be reported as increases or decreases in net assets with donor restrictions.
","snippet":"Pursuant to paragraph 958-220-45-8, gains and losses on investments and dividends, interest, and other investment income shall be reported in the statement of activities as increases or decreases in net assets without do…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc15d30e4074c67661021ebc78302c522e5cddc346f1ddc659298ccd5a2d58d9","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-23","para":"45-23","html":"
Paragraph superseded by Accounting Standards Update No. 2016-14.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-14.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e124fd12aa286fd8c827097251dd5197d37d56d2ea626a9725cefc972932e823","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-24","para":"45-24","html":"
Gains and investment income that are limited to specific uses by donor-imposed restrictions may be reported as increases in net assets without donor restrictions if the restrictions are met in the same reporting period as the gains and income are recognized, provided that the not-for-profit entity (NFP) has a similar policy for reporting contributions received (see paragraphs
958-605-45-3 through 45-5
), reports consistently from period to period, and discloses its accounting policy.
","snippet":"Gains and investment income that are limited to specific uses by donor-imposed restrictions may be reported as increases in net assets without donor restrictions if the restrictions are met in the same reporting period a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e934bfa8c81855d1ba3acc6b9e338bfca061dad4630ed75cdbaf7ca3598448c","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-25","para":"45-25","html":"
Pursuant to paragraphs
958-220-45-14 through 45-16
, investment return, other than that which is programmatic in nature, shall be reported net of external and direct internal investment expenses.
","snippet":"Pursuant to paragraphs 958-220-45-14 through 45-16, investment return, other than that which is programmatic in nature, shall be reported net of external and direct internal investment expenses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4958e3e4a6913191d42d90fcf016764f329e0881a99bfd672220ee75c17372e8","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-26","para":"45-26","html":"
Gains and losses on the investments of a donor-restricted endowment fund are classified in accordance with paragraphs 958-205-45-13 through 45-13H.
","snippet":"Gains and losses on the investments of a donor-restricted endowment fund are classified in accordance with paragraphs 958-205-45-13 through 45-13H.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e91efaa67636684fe533536467b46eb18dca730d3cc921d377bf38d19b288388","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0780e3a237cb2ad524295ced436c5a7f3d6ee08987cf1857acd289014d48457","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Presentation in a Statement of Activities with an Operating Measure","paragraphs":[{"citation":"220-958-45-27","para":"45-27","html":"
Some NFPs, primarily health care entities, would like to compare their results to business entities in the same industry. An NFP with those comparability concerns may report in a manner similar to business entities by classifying debt securities as available for sale or held to maturity as described in paragraphs
320-10-25-1 through 25-6
and excluding the unrealized gains and losses on those securities (which are recognized in accordance with Subtopic 958-320) from an operating measure within the statement of activities. Not-for-profit, business-oriented health care entities, however, are required to exclude certain gains and losses from a performance measure (see paragraph 954-220-45-9).
","snippet":"Some NFPs, primarily health care entities, would like to compare their results to business entities in the same industry. An NFP with those comparability concerns may report in a manner similar to business entities by cl…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:85f0b63c724b80cc1a57360324d500381ae2c7e3530ebe4d24a759a6df560253","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-28","para":"45-28","html":"
In general, amounts reported in an NFP's financial statements shall be based on the nature of the underlying transactions rather than on budgetary designations.
","snippet":"In general, amounts reported in an NFP's financial statements shall be based on the nature of the underlying transactions rather than on budgetary designations.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b3f5f52a532e5eb372c9c36945605a7eb3b659b79df38662ca69edfbd9b6875","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-29","para":"45-29","html":"
Amounts of investment return based on budgetary designations may be displayed. However, in accordance with paragraph 958-220-45-14, investment return, other than that which is programmatic in nature, shall be displayed net of external and direct internal investment expenses. Paragraph 958-320-55-7 provides an example of how an NFP could present net investment return.
","snippet":"Amounts of investment return based on budgetary designations may be displayed. However, in accordance with paragraph 958-220-45-14, investment return, other than that which is programmatic in nature, shall be displayed n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5a0a8f8b228e146aa93a10d290d7fd84fc7d87ee455827a0e1c5ffc07a9b7ee","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"citation":"220-958-45-30","para":"45-30","html":"
Some NFPs, in managing their endowment funds, use a spending-rate or total return policy. Those policies consider total investment return—investment income (interest, dividends, rents, and so forth) plus net realized and unrealized gains (or minus net losses). Typically, spending-rate or total return policies emphasize the use of prudence and a rational and systematic formula to determine the portion of cumulative investment return that can be used to support operations of the current period and the protection of endowment gifts from a loss of purchasing power as a consideration in determining the formula to be used. Example 1 (see paragraph 958-320-55-4) illustrates a statement of activities and example disclosures of an NFP that uses a spending-rate policy to include only a portion of its investment return in its operating measure.
","snippet":"Some NFPs, in managing their endowment funds, use a spending-rate or total return policy. Those policies consider total investment return—investment income (interest, dividends, rents, and so forth) plus net realized and…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ce8fb4585434964e326edac4ec7bf83bcffc0bc4e6a1376b0ccc32f60b10b17","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f15239ef2ffb00185b213409834d6c08d7b563de27e7604213fa520b70c673a6","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"block":null,"heading":"Contributed Nonfinancial Assets","paragraphs":[{"citation":"220-958-45-31","para":"45-31","html":"
An NFP shall present contributed nonfinancial assets as a separate line item in the statement of activities, apart from contributions of cash and other financial assets, as discussed in paragraph 958-605-45-7A. See paragraph 958-605-50-1A for disclosure requirements for contributed nonfinancial assets.
","snippet":"An NFP shall present contributed nonfinancial assets as a separate line item in the statement of activities, apart from contributions of cash and other financial assets, as discussed in paragraph 958-605-45-7A. See parag…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:91c51306122e95176dac55d19c31d62ea5e9aef2baae5349d9ff27e4cc097787","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30c641081081bc285f6f66ea6ebef5720b37f728f87e809709f41c0079520163","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e59fe121f51dfe7b9f4991e2b5cfde70ca920d1cf0c80bff8853cac220ebda5","downloaded_from":"2026-09-09T23:07:28.213Z","last_downloaded_at":"2026-09-09T23:07:28.213Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477261","source_sha256":"e6724ed7756e6eace4b463e852c723c718d43f7391a487c0652b5afcd116bd09"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-958-50-1","para":"50-1","html":"
A not-for-profit entity (NFP) shall disclose the following information in the notes to financial statements:
  1. a
    If an NFP's use of the term operations is not apparent from the details provided on the face of the statement of activities, a description of the nature of the reported measure of operations or the items excluded from operations (see Example 5 in paragraph 958-220-55-16 for a case in which this information is apparent on the face of the statement of activities and a case in which this information is disclosed in the notes to the financial statements).
  2. aa
    If an NFP presents internal board designations, appropriations, and similar actions on the face of the financial statements, an appropriate disaggregation and description by type of these actions if not provided on the face of the financial statements (see Example 5 in paragraph 958-220-55-16 for a case in which this information is apparent on the face of the financial statements and a case in which this information is disclosed in the notes to the financial statements).
  3. b
    Subparagraph superseded by Accounting Standards Update No. 2016-14.
  4. c
    If not provided on the face of the statement of activities or as a separate statement, all expenses in one location. The relationship between functional and natural classification for all expenses shall be presented in an analysis that disaggregates functional expense classifications by their natural expense classifications. Investment expenses that are netted against investment return shall not be included (see paragraph 958-720-45-15).
  5. d
    A qualitative description of the methods used to allocate costs among program and support functions (see paragraph 958-720-50-1).
","snippet":"A not-for-profit entity (NFP) shall disclose the following information in the notes to financial statements:\n(a) If an NFP's use of the term operations is not apparent from the details provided on the face of the stateme…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6cf3c32e55711fd779fd05a7598812e191f3da3d00ad0db5b576a385c2d0e68b","downloaded_from":"2026-09-09T23:07:30.799Z","last_downloaded_at":"2026-09-09T23:07:30.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478833","source_sha256":"55441fae2559d82f889c8b55645233e78b444cc8dfd21100e7896592990e4c2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0fa76440aa8dce334ffa4bc46dce59f29a536e1f7647d2adeea54c299ddcfcd4","downloaded_from":"2026-09-09T23:07:30.799Z","last_downloaded_at":"2026-09-09T23:07:30.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478833","source_sha256":"55441fae2559d82f889c8b55645233e78b444cc8dfd21100e7896592990e4c2a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36b77a7d7119623de9115b4295ed49ecb7821b3614c11762805630fc7e7e25ef","downloaded_from":"2026-09-09T23:07:30.799Z","last_downloaded_at":"2026-09-09T23:07:30.799Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478833","source_sha256":"55441fae2559d82f889c8b55645233e78b444cc8dfd21100e7896592990e4c2a"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"220-958-55-1","para":"55-1","html":"
This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used in the presentation of a statement of activities by a not-for-profit entity (NFP).
","snippet":"This Section, which is an integral part of the requirements of this Subtopic, provides general guidance to be used in the presentation of a statement of activities by a not-for-profit entity (NFP).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02a8decbb7cf6f71c4a0c367cb45ea1c7d483dcbe2d47928e7f32108c4fb58cb","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a524060fa66d66268d76739650db9794e352b5b22685070a0783b87c5c086064","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"220-958-55-2","para":"55-2","html":"
Entitywide totals are not necessary for individual line items of revenues, expenses, gains, or losses. Information about reasonably homogeneous components of revenues, such as contributions without donor restrictions that are available to support current expenses and donor-restricted contributions that are restricted to acquiring land and buildings, generally is more meaningful than the aggregated total of those components.
","snippet":"Entitywide totals are not necessary for individual line items of revenues, expenses, gains, or losses. Information about reasonably homogeneous components of revenues, such as contributions without donor restrictions tha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c65e3124bcc768f248af59f155d3c6737eee9f3d54a891e3f871e4d6bced60e9","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-3","para":"55-3","html":"
Disaggregated information that permits users of financial information to relate components of revenues to components of expenses also is often preferable to information provided by their aggregated amounts. For example, information that permits analysis of the levels of revenues from tuition in relation to expenses for instruction and other academic services and of revenues from room and board fees in relation to expenses for housing and food services generally is more meaningful than totals of aggregated items of revenues, such as student tuition and fees, or aggregated items of expenses, such as salaries, heat, electricity, or supplies. Those who prepare financial statements generally are best able to make judgments about the extent to which financial statements or notes to financial statements should provide disaggregated information about various items of revenues or expenses and this Subtopic need not limit those judgments.
","snippet":"Disaggregated information that permits users of financial information to relate components of revenues to components of expenses also is often preferable to information provided by their aggregated amounts. For example, …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5467a2c3da587738057760067b0b2b9ab848805ab57405109727cce9a235e02","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:684eee06cb47abf2bea1f4f48df1b06e8f85428ff91c53a81186bd3e14b2a03b","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"220-958-55-4","para":"55-4","html":"
In addition to the following illustrations, guidance in paragraphs
958-205-55-10 through 55-17
illustrates three formats of statements of activities. Paragraph 958-205-55-5 provides the facts and transactions that are reflected in those illustrative statements.
","snippet":"In addition to the following illustrations, guidance in paragraphs 958-205-55-10 through 55-17 illustrates three formats of statements of activities. Paragraph 958-205-55-5 provides the facts and transactions that are re…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:67e6c873a6297e5653a6af85825ab917c404441b1a81cc811bb57bef0c29ccef","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-5","para":"55-5","html":"
This Example illustrates a statement of revenues, expenses, and other changes in net assets without donor restrictions that subdivides all transactions and other events and circumstances to make an operating and nonoperating distinction pursuant to paragraphs
958-220-45-9 through 45-12
. This Example uses part 1 of 2 of Format C in paragraph 958-205-55-15 to show a measure of operations—change in net assets without donor restrictions from operations.
","snippet":"This Example illustrates a statement of revenues, expenses, and other changes in net assets without donor restrictions that subdivides all transactions and other events and circumstances to make an operating and nonopera…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dedc021c305f4e29caed26a589b9dd07158dadd33802e126260ab38ff2ec5c7d","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-6","para":"55-6","html":"
The shaded areas depict the constraints imposed by this Subtopic and by generally accepted accounting principles (GAAP) to report appropriately labeled subtotals for changes in classes of net assets before the effects of discontinued operating segments, if any. The unshaded areas depict areas within the statement for which there is latitude to sequence and classify items of revenues and expenses. Other formats also may be used. For example, the single-statement Format B approach of paragraph 958-205-55-14 may be helpful in describing an NFP's ongoing major or central operations if that NFP's view of operating activities includes receiving donor-restricted revenues from contributions and investment income.
","snippet":"The shaded areas depict the constraints imposed by this Subtopic and by generally accepted accounting principles (GAAP) to report appropriately labeled subtotals for changes in classes of net assets before the effects of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bf8eca1c7d6448b2e9b281c5af24bedac336a2475c18aca3b597b658efe4a1c","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-7","para":"55-7","html":"
This Example illustrates the application of paragraph 958-205-45-5, as generally accepted accounting principles (GAAP) requires the display of an appropriately labeled subtotal for change in a class of net assets before the effects of a discontinued operation (see paragraph 205-20-45-1A). For instance, using the columnar format, a statement of activities would report the effects of a discontinued operation as follows.
","snippet":"This Example illustrates the application of paragraph 958-205-45-5, as generally accepted accounting principles (GAAP) requires the display of an appropriately labeled subtotal for change in a class of net assets before …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efa020a6e16d39de919597fd097b438f06e97216284ebf91307735fe67bb288f","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-8","para":"55-8","html":"
This Example provides three possible methods of displaying fundraising efforts in the revenue section of the statement of activities, while still conforming to the requirements of paragraph 958-605-45-10. Methods 2 and 3 display the total amounts raised.
","snippet":"This Example provides three possible methods of displaying fundraising efforts in the revenue section of the statement of activities, while still conforming to the requirements of paragraph 958-605-45-10. Methods 2 and 3…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76d39e51bafda7b06c129e52689f9a22c12ce11aad992e6e8bdefe166dc844fd","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-9","para":"55-9","html":"
Entity A raises $6,000 of contributions, $100 of other support, and $4,000 accounted for as agent, trustee, or intermediary transactions because donors have specified beneficiaries without granting variance power. Of the $4,000 accounted for as agent, trustee, or intermediary transactions, Entity A pays out $3,600 to specified beneficiaries and retains $400 as its administrative fee.
","snippet":"Entity A raises $6,000 of contributions, $100 of other support, and $4,000 accounted for as agent, trustee, or intermediary transactions because donors have specified beneficiaries without granting variance power. Of the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92f292e3fcc9b3a5e86088f7d6fb1abb008a7faa17e1f1cf83968a539d1e27b0","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-10","para":"55-10","html":"
Each of the methods reports Entity A's revenues ($6,500) in a way that is both easily understood by users of the financial statements and representationally faithful.
","snippet":"Each of the methods reports Entity A's revenues ($6,500) in a way that is both easily understood by users of the financial statements and representationally faithful.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4562eb6f8aaf360df7b16ff5d6356a1b66e9eb8155bd4f64ce9139fdda91b13","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-11","para":"55-11","html":"
This Example illustrates the guidance in paragraph 958-220-45-19. It provides three possible methods to display in the statement of activities a special event that is an ongoing and major activity.
","snippet":"This Example illustrates the guidance in paragraph 958-220-45-19. It provides three possible methods to display in the statement of activities a special event that is an ongoing and major activity.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a94630b3d858f54e23713f4a8e986ffdbebc20fd65d8b85b942eaa3410d05ad1","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-12","para":"55-12","html":"
Cases A, B, and C share the following assumptions:
  1. a
    Not-for-Profit Entity B (NFP B) has a special event that is an ongoing and major activity with ticket revenue of $100.
  2. b
    The activity does not meet the audience criterion in paragraphs
    958-720-45-48 through 45-49
    , and, therefore, all costs of the activity, other than the direct donor benefits, should be reported as fundraising.
  3. c
    The event includes a dinner that costs NFP B $25 and that has a fair value of $30.
  4. d
    In addition, NFP B incurs other direct costs of the event of $15 in connection with promoting and conducting the event, including incremental direct costs incurred in transactions with independent third parties and the payroll and payroll-related costs for the activities of employees who are directly associated with, and devote time to, the event. These other direct costs have been included in fundraising expenses. The other direct costs are unrelated to the direct benefits to donors and, accordingly, should not be included as costs of benefits to donors. The other direct costs include $5 that otherwise might be considered management and general costs if they had been incurred in a different activity, and fundraising costs of $10.
  5. e
    In addition, NFP B has all of the following transactions, which are unrelated to the special event:
    1. 1
      Contributions without donor restrictions of $200
    2. 2
      Program expenses of $60
    3. 3
      Management and general expenses of $20
    4. 4
      Fundraising expenses of $20.
","snippet":"Cases A, B, and C share the following assumptions:\n(a) Not-for-Profit Entity B (NFP B) has a special event that is an ongoing and major activity with ticket revenue of $100.\n(b) The activity does not meet the audience cr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03ca2e337e279d869e21941abef4dba1e1002513349474720b8ae88d557f3ada","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-13","para":"55-13","html":"
NFP B may report the gross revenues of special events and other fundraising activities with the cost of direct benefits to donors (meals and facilities rental) displayed as a line item deducted from the special event revenues, as follows:
","snippet":"NFP B may report the gross revenues of special events and other fundraising activities with the cost of direct benefits to donors (meals and facilities rental) displayed as a line item deducted from the special event rev…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e0b7d99fce639d835ac1a2b0c30dbf373fe344696cf05f9294ef516434e5d0b","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-14","para":"55-14","html":"
NFP B may report the gross revenues of special events and other fundraising activities with the cost of direct benefits to donors (meals and facilities rental) displayed in the same section of the statement of activities as are other programs or supporting services and allocated, if necessary, among those various functions, as follows:
","snippet":"NFP B may report the gross revenues of special events and other fundraising activities with the cost of direct benefits to donors (meals and facilities rental) displayed in the same section of the statement of activities…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df47013710190a29a31b1b3eb6532547bc730b736c0bc30eee30565462752438","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-15","para":"55-15","html":"
NFP B may report the gross revenue from special events and other fundraising activities as part exchange (for the fair value the participant received) and part contribution (for the excess of the payment over that fair value), as follows:
","snippet":"NFP B may report the gross revenue from special events and other fundraising activities as part exchange (for the fair value the participant received) and part contribution (for the excess of the payment over that fair v…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f38fcfab173c47c2702c3ead661cf52ef690bae6c7dedd4ea110c0f20ad0750","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-16","para":"55-16","html":"
This Example illustrates the disclosures required in accordance with paragraph 958-220-50-1(a) through (aa) if an entity elects to present a measure of operations. It provides a case in which the disclosures are apparent on the face of the statement of activities and a case in which the disclosures are provided in the notes to the financial statements. There are multiple ways in which an NFP could present this information. The cases provided are two alternatives presented for illustration purposes.
","snippet":"This Example illustrates the disclosures required in accordance with paragraph 958-220-50-1(a) through (aa) if an entity elects to present a measure of operations. It provides a case in which the disclosures are apparent…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:418af4ebb3ecbf6d74639aae8b975a87dee2b859d6719880e83b1d2bb4c72d74","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-17","para":"55-17","html":"
The following Case is an example of a statement of activities of Not-for-Profit Entity A (NFP A) in which the disclosures required in paragraph 958-220-50-1(a) through (aa) are apparent from the details provided on the face of the statement of activities. This Case illustrates one way in which an NFP can present governing board actions on a statement of activities and is not meant to be prescriptive of a specific format.
","snippet":"The following Case is an example of a statement of activities of Not-for-Profit Entity A (NFP A) in which the disclosures required in paragraph 958-220-50-1(a) through (aa) are apparent from the details provided on the f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:23f9e73da896569228a76b6e63a730ff933b823928ed417e6dff521307dbee21","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-18","para":"55-18","html":"
The following Case is an example of a statement of activities of NFP A in which the disclosures required in paragraph 958-220-50-1(a) through (aa) are not apparent from the details provided on the face of the statement of activities.
","snippet":"The following Case is an example of a statement of activities of NFP A in which the disclosures required in paragraph 958-220-50-1(a) through (aa) are not apparent from the details provided on the face of the statement o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d2ef0c4eb0057625554acb7df076abc55a4c98e2d5e29affb27ccc89e655aa1","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-19","para":"55-19","html":"
NFP A would add the following illustrative text to its note to financial statements that describes the nature of the reported measure of operations or the items excluded from operations and provides an appropriate disaggregation and description by type of internal board designations, appropriations, and similar actions.
","snippet":"NFP A would add the following illustrative text to its note to financial statements that describes the nature of the reported measure of operations or the items excluded from operations and provides an appropriate disagg…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a9df5c6abae5554a31b01504ce9da4cf245b0b66d383dfb424c6ebda4e2fae29","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}},{"citation":"220-958-55-20","para":"55-20","html":"
The following is an Example of a statement of activities in which NFP A presents net investment return in separate, appropriately labeled line items in accordance with paragraph 958-220-45-14. In this Example, NFP A presents net investment return in two separate line items to distinguish net investment return appropriated for current operations from net investment return for use in future periods. There may be other cases in which an NFP may present net investment return in separate line items in accordance with paragraph 958-220-45-14.
","snippet":"The following is an Example of a statement of activities in which NFP A presents net investment return in separate, appropriately labeled line items in accordance with paragraph 958-220-45-14. In this Example, NFP A pres…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e86ff9825bac5d01a20654d287782a7a54051e809922be8e05ccaef11d85ac1","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:99ff5788a3c160378cf95205fb9ab51e566264f1e020b81cd0b5eb1bdc75712b","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d8573673ecf6d73e34bf4b2f0a3f52d9225e87ef28cef073e60838831d604459","downloaded_from":"2026-09-09T23:07:32.842Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479313","source_sha256":"461709879d8ad92dc584b267e21b6212a65df2252f94a56bdd110ea387fbd34c"}}],"enrichment":{"summary":"ASC 220-958 governs the not-for-profit statement of activities — the NFP substitute for a business entity's income statement. It requires the statement to focus on the entity as a whole and report the change in total net assets, the change in net assets with donor restrictions, and the change in net assets without donor restrictions, with revenues, expenses, gains, losses, and reclassifications classified among those net asset classes. It addresses how to report these elements (including gross versus net display, investment return net of investment expenses, and optional intermediate measures of operations), but not when to recognize or how to measure them.","key_points":["A statement of activities must focus on the entity as a whole and report the change in net assets, the change in net assets with donor restrictions, and the change in net assets without donor restrictions, articulating to net assets in the statement of financial position (220-958-45-1 through 45-2).","Revenues are reported as increases in net assets without donor restrictions unless the donor limits use; donor-restricted contributions are donor-restricted support increasing net assets with donor restrictions, though restrictions met in the same period may be reported without donor restrictions if the policy is consistent and disclosed (220-958-45-5 through 45-6; 45-24).","Expenses are reported as decreases in net assets without donor restrictions, except investment expenses, which are netted against investment return in the net asset class where the return is reported (220-958-45-7).","Gains and losses on investments and other assets increase or decrease net assets without donor restrictions unless restricted by explicit donor stipulation or by law extending donor restrictions (220-958-45-8; 45-22).","Reclassifications between net asset classes are required when purposes are fulfilled, restrictions expire with time or death of a split-interest beneficiary, restrictions are removed by donor or court, or a donor imposes new restrictions (220-958-45-13).","Revenues and expenses of ongoing major or central activities are generally reported gross; peripheral or incidental transactions (including qualifying special events, netting only direct costs) may be reported net, and non-programmatic investment return must be reported net of external and direct internal investment expenses (220-958-45-14 through 45-19).","An intermediate measure of operations is optional but, if presented, must appear in a statement that at minimum reports the change in net assets without donor restrictions, must include impairment losses, exit/disposal costs, and certain long-lived asset gains/losses, must exclude non-service-cost pension components, and its nature must be disclosed if not apparent (220-958-45-10 through 45-12; 220-958-50-1)."],"categories":["Not-for-profit","Presentation","Financial statement presentation","Disclosure"],"audience_level":"intermediate","student_note":"This is the NFP analog to the income statement, and exam questions almost always test the two-class net asset model plus the netting rules (investment return net of direct internal and external investment expenses; special events net only if peripheral). A common misunderstanding is thinking an \"operating\" subtotal is required — it is optional, but if used it triggers content constraints and note disclosure of what \"operations\" means.","related_topics":["958-205","958-605","958-720","954-220","958-320","205-20"],"key_concepts":["statement of activities","net assets with donor restrictions","net assets without donor restrictions","reclassification of net assets","measure of operations","net investment return","direct internal investment expenses","special events gross versus net reporting"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:86f03b9452947189ef9eac20157fbc39fd60eebdb19b5ee1aa44a9459cb222ff","downloaded_from":"2026-09-09T23:07:15.767Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"205-958","title":"Not-for-Profit Entities","topic_title":"Presentation of Financial Statements","score":0.8974,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:faf57212de40f91e5fe0e15627f96403dba449243e166dd4db1005bc1ffe6765","downloaded_from":"2026-09-09T22:55:47.235Z","last_downloaded_at":"2026-09-09T22:56:13.307Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"210-958","title":"Not-for-Profit Entities","topic_title":"Balance Sheet","score":0.836,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:920286ececef9d3bf03496dc044e667c0a2668da208a2e32bf49ed0895609bfa","downloaded_from":"2026-09-09T23:02:23.603Z","last_downloaded_at":"2026-09-09T23:02:44.054Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"220-954","title":"Health Care Entities","topic_title":"Income Statement—Reporting Comprehensive Income","score":0.8282,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cd142b5c7a02132451f4a288dadb68ecb886f70ffc009c9fefa8df78b9f6d6f","downloaded_from":"2026-09-09T23:06:55.321Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"320-958","title":"Not-for-Profit Entities","topic_title":"Investments—Debt 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established by retrieval timestamps"}},{"number":"715-958","title":"Not-for-Profit Entities","topic_title":"Compensation—Retirement Benefits","score":0.8213,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:84e2295e25c534d407f340960b945044896d8a3fb8c73095ac5493becad7cd5d","downloaded_from":"2026-09-10T01:02:23.996Z","last_downloaded_at":"2026-09-10T01:02:46.650Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"220-954","title":"Health Care Entities","topic_title":"Income Statement—Reporting Comprehensive Income","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:97eb0bfe3fd9618b4d35ea0988ea645c24a3995ea5028e2e0ed032f955381e37","downloaded_from":"2026-09-09T23:06:55.321Z","last_downloaded_at":"2026-09-09T23:07:12.667Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"225-10","title":"Overall","topic_title":"Income Statement","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3e5c3a245561ca50133a2dca226733a13551ac6716012437b9c92a4424f85021","downloaded_from":"2026-09-09T23:07:39.903Z","last_downloaded_at":"2026-09-09T23:08:13.742Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:62f2b09f0328ec91bb7e8af87644a9e74d6a692b164f9b7200ef13546dd13c79","downloaded_from":"2026-09-09T23:07:15.767Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"paragraphs":343,"summary":"ASC 220 covers the presentation and disclosure of income statement and comprehensive income information; it addresses how to display items, not when to recognize or how to measure them. The core Subtopic (220-10) requires comprehensive income—net income plus other comprehensive income—to be reported in a single continuous statement or two separate but consecutive statements, with OCI components (foreign currency translation, cash flow hedges, AFS debt securities, pension/OPEB, instrument-specific credit risk) enumerated in 220-10-45-10A, tax effects allocated by component, and reclassification adjustments from AOCI reported together in one place to avoid double counting. Companion Subtopics prescribe display of specific items—unusual or infrequently occurring items as a separate component of income from continuing operations (220-20), business interruption insurance recoveries (220-30), and the new disaggregation of income statement expenses by natural category for public business entities (220-40, from ASU 2024-03)—while industry Subtopics tailor the income statement for investment companies (220-946), NFP health care entities' performance indicator (220-954), the NFP statement of activities (220-958), oil and gas (220-932), and government contractors (220-912). The unifying idea is that Topic 220 dictates where and how amounts appear in the performance statements and notes, leaving recognition and measurement to other Topics.","concepts":["comprehensive income and other comprehensive income","single continuous statement versus two consecutive statements","accumulated other comprehensive income and reclassification adjustments","tax effects allocated to oci components","unusual or infrequently occurring items","expense disaggregation by natural category","not-for-profit statement of activities and performance indicator","business interruption insurance recoveries"],"categories":["Presentation","Disclosure","Financial statement presentation","Not-for-profit"],"level":"intermediate","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:32169df23a6800c503506513cdfeadc0d3c857f2361bc20f0e013ba9ea4346cc","downloaded_from":"2026-09-09T23:03:08.647Z","last_downloaded_at":"2026-09-09T23:07:32.842Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}