# ASC 225-20: Income Statement — Unusual or Infrequently Occurring Items Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/225/20/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:08:16.351Z to 2026-09-09T23:08:39.420Z Record version: sha256:a3b8ba82139167f5e947001b683449a127cd6d52d030f1d923fe962b366e02ec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20: Income Statement — Unusual or Infrequently Occurring Items ### Machine-generated study aids ```json { "summary": "ASC 225-20 formerly governed the reporting of extraordinary items (events both unusual in nature and infrequent in occurrence) and unusual or infrequently occurring items in the income statement. Every paragraph has been superseded: ASU 2015-01 eliminated the extraordinary item concept and its separate net-of-tax presentation below income from continuing operations, and Maintenance Update 2017-19 removed the remaining shell paragraphs after the transition period ended. Presentation and disclosure of material unusual or infrequently occurring items now resides in ASC 220-20 (Income Statement—Unusual or Infrequently Occurring Items).", "key_points": [ "ASU 2015-01 superseded the extraordinary items guidance in 225-20-45-1 through 45-15 and the related disclosures in 225-20-50-1, 50-2, and 50-4, eliminating the concept of extraordinary items from U.S. GAAP.", "Because the extraordinary item classification no longer exists, entities may not segregate any event or transaction net of tax below income from continuing operations as extraordinary.", "Maintenance Update 2017-19 superseded the remaining scope, overview, implementation, and cross-reference paragraphs (225-20-05-1, 15-1, 45-16, 50-3, 55-1 through 55-3, 60-3), leaving the subtopic with no operative guidance.", "The transition guidance at 225-20-65-1 was itself superseded on 07/05/2017 after the transition period stated in ASU 2015-01 ended.", "Material events or transactions that are unusual in nature or infrequent in occurrence (but not both) are still reported as a separate component of income from continuing operations, or disclosed in the notes, under successor guidance now codified in ASC 220-20.", "Amounts of unusual or infrequently occurring items may not be presented net of income taxes on the face of the income statement.", "As part of the Codification restructuring, Topic 225 content was relocated to Topic 220 (Income Statement—Reporting Comprehensive Income)." ], "categories": [ "Presentation", "Financial statement presentation", "Disclosure", "Transition and effective dates" ], "audience_level": "introductory", "student_note": "Exam questions still test the old rule, so know that extraordinary items were abolished by ASU 2015-01 — the common mistake is assuming a rare, catastrophic loss can still be shown net of tax below continuing operations. It cannot; at most it is a separately captioned, pretax line within continuing operations under ASC 220-20.", "related_topics": [ "220-20", "220-10", "205-20", "225-10", "740-10" ], "key_concepts": [ "extraordinary items", "unusual in nature", "infrequency of occurrence", "income from continuing operations", "income statement presentation", "superseded guidance", "simplification initiative", "net-of-tax presentation" ] } ``` Source downloaded (UTC): 2026-09-09T23:08:16.351Z to 2026-09-09T23:08:16.351Z Record version: sha256:2ad2e09db6c109d6e61f3c0ac8d4ec5e9c33870d072e854dd885fd5b79fe0260 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/225/20/#00-status) SEC content: no ##### [225-20-00-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:16.351Z to 2026-09-09T23:08:16.351Z Record version: sha256:db9c07556016249896f912c496a984469596c33ebec5d415b4198fcc903fa8a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic. - **Note:** Subtopic title changed by [Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/) on 07/05/2017 from _Extraordinary and Unusual Items_ to _Unusual or Infrequently Occurring Items_.
ParagraphActiveAccounting Standards UpdateDate
Extraordinary ItemsSupersededAccounting Standards Update No. 2015-0101/09/2015
Infrequency of OccurrenceSupersededMaintenance Update 2017-19 (PDF)11/15/2017
Infrequency of OccurrenceAmendedAccounting Standards Update No. 2015-0101/09/2015
Unusual NatureSupersededMaintenance Update 2017-19 (PDF)11/15/2017
Unusual NatureAmendedAccounting Standards Update No. 2015-0101/09/2015
225-20-05-1SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-20-05-1AmendedAccounting Standards Update No. 2015-0101/09/2015
225-20-15-1SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-20-15-2SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-45-1 through 45-15
SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-45-16SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-20-45-16AmendedAccounting Standards Update No. 2015-0101/09/2015
225-20-50-1SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-50-2SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-50-3SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-20-50-3AmendedAccounting Standards Update No. 2015-0101/09/2015
225-20-50-4SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-55-1 through 55-3
SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-20-55-2AmendedAccounting Standards Update No. 2015-0101/09/2015
225-20-55-3AmendedAccounting Standards Update No. 2015-0101/09/2015
225-20-55-4SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-60-1SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-60-2SupersededAccounting Standards Update No. 2015-0101/09/2015
225-20-60-3SupersededMaintenance Update 2017-19 (PDF)11/15/2017
225-20-60-3AmendedAccounting Standards Update No. 2015-0101/09/2015
225-20-65-1AddedAccounting Standards Update No. 2015-0101/09/2015
Source downloaded (UTC): 2026-09-09T23:08:18.258Z to 2026-09-09T23:08:18.258Z Record version: sha256:728f4d6e0e878d8281ffb37711afc8a2ab683de8e4510e0a5f89a4cfac539852 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/225/20/#05-overview-and-background) SEC content: no ##### [225-20-05-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:18.258Z to 2026-09-09T23:08:18.258Z Record version: sha256:d8aecd91db7de025ce510feef9194dea823da5ba082141c1997ca6e6f71a3a07 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:08:21.710Z to 2026-09-09T23:08:21.710Z Record version: sha256:21002747796efc1c47749f3e43ea06e6a8c0e7e0611fc2b22116c28f8c67c399 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/225/20/#15-scope-and-scope-exceptions) SEC content: no ##### [225-20-15-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:21.710Z to 2026-09-09T23:08:21.710Z Record version: sha256:636ca62ec940b9ea16afa36753aafa2c98b0dfc3b11fee6bfa5595778f8a6515 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) ##### [225-20-15-2](https://asc.understandingaccounting.org/asc/225/20/#225-20-15-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:21.710Z to 2026-09-09T23:08:21.710Z Record version: sha256:d6df1acad095cd646c4aac249ac5b0647a187b428d22df731e6cf5c76b7aa0cc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). Source downloaded (UTC): 2026-09-09T23:08:24.607Z to 2026-09-09T23:08:24.607Z Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-20: 20 Glossary [Read section](https://asc.understandingaccounting.org/asc/225/20/#20-glossary) SEC content: no Source downloaded (UTC): 2026-09-09T23:08:26.478Z to 2026-09-09T23:08:26.478Z Record version: sha256:73c91b5e734585422ad21c03b6e35a7fd4bd00ead37498b482f2bd3f3ee91f3c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/225/20/#45-other-presentation-matters) SEC content: no ##### [225-20-45-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:26.478Z to 2026-09-09T23:08:26.478Z Record version: sha256:1528a7319f679c6727830e5f27a3dd8de16dc4277e4ed48e3ce9bc39b9509613 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). ##### [225-20-45-2](https://asc.understandingaccounting.org/asc/225/20/#225-20-45-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:26.478Z to 2026-09-09T23:08:26.478Z Record version: sha256:2c563a8d34a564f08eb096b9fbf665599083dd5c6b4525f1cfb2ff631f89df2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:08:30.290Z to 2026-09-09T23:08:30.290Z Record version: sha256:f3cd8e971dda315d1bbd409384385a9c9e44259d7ee0c8ac1b1451ffa7f0a275 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/225/20/#50-disclosure) SEC content: no ##### [225-20-50-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:30.290Z to 2026-09-09T23:08:30.290Z Record version: sha256:5a4056a0954b7dd6c6762aa0403f3e80729918b9883666c00918cce698847ea3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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[Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). ##### [225-20-50-3](https://asc.understandingaccounting.org/asc/225/20/#225-20-50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:30.290Z to 2026-09-09T23:08:30.290Z Record version: sha256:fdc7d1fcbf46cf55df9bcf88d331a74e8971102bb046c6a4ba3cef962a3488dc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) ##### [225-20-50-4](https://asc.understandingaccounting.org/asc/225/20/#225-20-50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:30.290Z to 2026-09-09T23:08:30.290Z Record version: sha256:cd9374868ae6826ebeb60325cff985365925aee7ff4bc94ab1a93b71653467e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). Source downloaded (UTC): 2026-09-09T23:08:33.772Z to 2026-09-09T23:08:33.772Z Record version: sha256:a34c9122a2a92c7d4b8babdf9fadc0dc594a3caf0ae90e40d6368e42b8bdf882 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/225/20/#55-implementation-guidance-and-illustrations) SEC content: no ##### [225-20-55-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-55-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:33.772Z to 2026-09-09T23:08:33.772Z Record version: sha256:838f05b4aa10ac6aa7cd2fe0fdb0e9c6ee078ff537c7d8b00281462493841fce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) ##### [225-20-55-2](https://asc.understandingaccounting.org/asc/225/20/#225-20-55-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:33.772Z to 2026-09-09T23:08:33.772Z Record version: sha256:9eeaa598f6f8244524c367435e22e296e104f614c05cf790a11bb002c415534a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) ##### [225-20-55-3](https://asc.understandingaccounting.org/asc/225/20/#225-20-55-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:33.772Z to 2026-09-09T23:08:33.772Z Record version: sha256:5271bdd3eaeb2b962d7442ee084f9a0fc47946034965f2e153a1368294529a9d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) ##### [225-20-55-4](https://asc.understandingaccounting.org/asc/225/20/#225-20-55-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:33.772Z to 2026-09-09T23:08:33.772Z Record version: sha256:7ac9cbc3777aa6f11dc4cc13ce5571bf9eb38a63e9122cba6b64c2f77bc6f3da Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). Source downloaded (UTC): 2026-09-09T23:08:35.466Z to 2026-09-09T23:08:35.466Z Record version: sha256:4902a7725ca6437c84f90206f293fc032dcb139b180923e4ae4fe7894420f3c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/225/20/#60-relationships) SEC content: no ##### [225-20-60-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-60-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:35.466Z to 2026-09-09T23:08:35.466Z Record version: sha256:604d4863dc2e705bcd82eb9c8f910a089d1905134c506ec4437b56bf28b5dbd8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). ##### [225-20-60-2](https://asc.understandingaccounting.org/asc/225/20/#225-20-60-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:35.466Z to 2026-09-09T23:08:35.466Z Record version: sha256:187e2d3c0e8b282cf887d51eb2902685bd171ded403d3c3ae013e77526301948 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/). ##### [225-20-60-3](https://asc.understandingaccounting.org/asc/225/20/#225-20-60-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:35.466Z to 2026-09-09T23:08:35.466Z Record version: sha256:90e67d61f9ab72677d35debe2bd25537ac7ff0daf1a9288f84bd5f9dfd173e1b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Maintenance Update 2017-19.](https://asc.understandingaccounting.org/updates/maintenance-updates-2017/) Source downloaded (UTC): 2026-09-09T23:08:39.420Z to 2026-09-09T23:08:39.420Z Record version: sha256:a4ccb7702400dcab155007a74c3e10db70d993f1d853199b2d122f385a1690d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 225-20-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/225/20/#65-transition-and-open-effective-date-information) SEC content: no ##### [225-20-65-1](https://asc.understandingaccounting.org/asc/225/20/#225-20-65-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:08:39.420Z to 2026-09-09T23:08:39.420Z Record version: sha256:62307a87022fce9f94a5a2b1612d4390f2f2b8164224156bfa01cba5bdce69ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 07/05/2017 after the end of the transition period stated in Accounting Standards Update No. 2015-01, _Income Statement—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items_.