{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/360/965/","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":"360-965","topic":"360","title":"Plan Accounting—Health and Welfare Benefit Plans","area":"Assets","paragraphs":6,"summary":"This subtopic tells health and welfare benefit plans how to measure property, plant, and equipment on the plan's financial statements. Assets used in plan operations (buildings, equipment, furniture and fixtures, leasehold improvements) are carried at cost less accumulated depreciation or amortization, while real estate and other holdings held as plan investments are reported at fair value less costs to sell, if significant, as of the financial statement date.","concepts":["health and welfare benefit plan","assets used in plan operations","cost less accumulated depreciation","plan investments","fair value less costs to sell","real estate investments","insurance contracts","leasehold improvements"],"categories":["Subsequent measurement","Inventory and PP&E","Fair value","Compensation and benefits"],"level":"intermediate","topic_title":"Property, Plant, and Equipment","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-965-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div><div class=\"norm-text\"><table class=\"asc-table\" id=\"SL29650861-196262\"><tr><td class=\"entry\"><strong class=\"ph b\">Paragraph</strong></td><td class=\"entry\"><strong class=\"ph b\">Action</strong></td><td class=\"entry\"><strong class=\"ph b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><strong class=\"ph b\">Fair Value</strong> (2nd def.)</td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a></td><td class=\"entry\">10/01/2012</td></tr><tr><td class=\"entry\"><a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>Fair Value</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a></td><td class=\"entry\">10/01/2012</td></tr><tr><td class=\"entry\"><a href=\"/glossary/p/#plan-assets\" class=\"term\" title=\"Assets—usually stocks, bonds, and other investments (except certain insurance contracts as noted in paragraph 715-60-35-109)—that have been segregated and restricted (usually in a trust) to be used for a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). The amount of plan assets includes amounts contributed by the employer, and by plan participants for a contributory plan, and amounts earned from investing the contributions, less benefits, income taxes, and other expenses incurred. Plan assets ordinarily cannot be withdrawn by the employer except under certain circumstances when a plan has assets in excess of obligations and the employer has taken certain steps to satisfy existing obligations. Securities of the employer held by the plan are includable in plan assets provided they are transferable. Assets not segregated in a trust, or otherwise effectively restricted, so that they cannot be used by the employer for other purposes are not plan assets, even though the employer may intend that those assets be used to provide health and welfare benefits, which may include postretirement benefits. Those assets shall be accounted for in the same manner as other employer assets of a similar nature and with similar restrictions. If a plan has liabilities other than for benefits, those nonbenefit obligations are considered as reductions of plan assets. Amounts accrued by the employer but not yet paid to the plan are not plan assets. If a trust arrangement explicitly provides that segregated assets are available to satisfy claims of creditors in bankruptcy, such a provision would effectively permit those assets to be used for other purposes at the discretion of the employer. It is not necessary to determine that a trust is bankruptcy-proof for the assets of the trust to qualify as plan assets. However, assets held in a trust that explicitly provides that such assets are available to the general creditors of the employer in the event of the employer's bankruptcy would not qualify as plan assets.\"><span>Plan Assets</span></a> (1st def.)</td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2016-19/\" class=\"xref\">Accounting Standards Update No. 2016-19</a></td><td class=\"entry\">12/14/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/p/#plan-assets\" class=\"term\" title=\"Assets—usually stocks, bonds, and other investments (except certain insurance contracts as noted in paragraph 715-60-35-109)—that have been segregated and restricted (usually in a trust) to be used for a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). The amount of plan assets includes amounts contributed by the employer, and by plan participants for a contributory plan, and amounts earned from investing the contributions, less benefits, income taxes, and other expenses incurred. Plan assets ordinarily cannot be withdrawn by the employer except under certain circumstances when a plan has assets in excess of obligations and the employer has taken certain steps to satisfy existing obligations. Securities of the employer held by the plan are includable in plan assets provided they are transferable. Assets not segregated in a trust, or otherwise effectively restricted, so that they cannot be used by the employer for other purposes are not plan assets, even though the employer may intend that those assets be used to provide health and welfare benefits, which may include postretirement benefits. Those assets shall be accounted for in the same manner as other employer assets of a similar nature and with similar restrictions. If a plan has liabilities other than for benefits, those nonbenefit obligations are considered as reductions of plan assets. Amounts accrued by the employer but not yet paid to the plan are not plan assets. If a trust arrangement explicitly provides that segregated assets are available to satisfy claims of creditors in bankruptcy, such a provision would effectively permit those assets to be used for other purposes at the discretion of the employer. It is not necessary to determine that a trust is bankruptcy-proof for the assets of the trust to qualify as plan assets. However, assets held in a trust that explicitly provides that such assets are available to the general creditors of the employer in the event of the employer's bankruptcy would not qualify as plan assets.\"><span>Plan Assets</span></a> (1st def.)</td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-06/\" class=\"xref\">Accounting Standards Update No. 2014-06</a></td><td class=\"entry\">03/14/2014</td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/asc/360/965/#360-965-35-1\" class=\"xref\">965-360-35-1</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2014-06/\" class=\"xref\">Accounting Standards Update No. 2014-06</a></td><td class=\"entry\">03/14/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/360/965/#360-965-35-2\" class=\"xref\">965-360-35-2</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a></td><td class=\"entry\">10/01/2012</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nFair Value (2nd def.) | Superseded | Accounting Standards Update No. 2012-04 | 10/01/201…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0c9eb935a2507d64371848f3843aee91f35ad71e8f4c74321de1e4e7becff99","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:37.708Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479061","source_sha256":"5aa942ad757f98e163a793df6ad4350f1a95960c6f1f0f524085bcf9efe15f62"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3edbfa8d219c7e35cbcb98c8a46341440d66cad19764a61f59e7a64507c160ac","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:37.708Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479061","source_sha256":"5aa942ad757f98e163a793df6ad4350f1a95960c6f1f0f524085bcf9efe15f62"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e0ad6b65eac84a4703357eb0c4b56a79000753ce54e069c7cb0bb3b4489751f","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:37.708Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479061","source_sha256":"5aa942ad757f98e163a793df6ad4350f1a95960c6f1f0f524085bcf9efe15f62"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-965-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance on property, plant, and equipment for <a href=\"/glossary/h/#health-and-welfare-benefit-plans\" class=\"term\" title=\"Health and welfare benefit plans include plans that provide the following: Any of the following benefits: Medical, dental, visual, psychiatric, or long-term health care Life insurance (offered separately from a pension plan) Certain severance benefits Accidental death or dismemberment benefits. Benefits for unemployment, disability, vacations, or holidays Other benefits such as apprenticeships, tuition assistance, day care, dependent care, housing subsidies, or legal services.\"><span>health and welfare benefit plans</span></a>.</div></div>","snippet":"This Subtopic provides guidance on property, plant, and equipment for health and welfare benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a392010ed4c5c75f45768b227453f9a333d3a561b99cfb69c8780b414de90aaa","downloaded_from":"2026-09-10T00:11:41.081Z","last_downloaded_at":"2026-09-10T00:11:41.081Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477340","source_sha256":"88db42e51276cc64b85f8361b74b94755ebf154e6514f174f371c41dfbaf3450"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1feeede1fa0eb658e0128bbf670d5dd9bddeb61628f2e9ccfb3b68beaafdfe4","downloaded_from":"2026-09-10T00:11:41.081Z","last_downloaded_at":"2026-09-10T00:11:41.081Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477340","source_sha256":"88db42e51276cc64b85f8361b74b94755ebf154e6514f174f371c41dfbaf3450"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3415fcb34dc35185c59c9322f80a1e807cdd0decd8f0fdefb545841a355701c0","downloaded_from":"2026-09-10T00:11:41.081Z","last_downloaded_at":"2026-09-10T00:11:41.081Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477340","source_sha256":"88db42e51276cc64b85f8361b74b94755ebf154e6514f174f371c41dfbaf3450"}},{"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":"360-965-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-F76BAC6A-F007-47F7-B1AC-06A654CF8A37.ditamap\" class=\"ditamap\">965-10-15</a>.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 965-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5aaba81b34123339b8e94f94ff165dfcddf9c0e7a2230d42c885a382170f47bc","downloaded_from":"2026-09-10T00:11:44.478Z","last_downloaded_at":"2026-09-10T00:11:44.478Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478622","source_sha256":"2d6dd5ba8418d7fe7d61fabba35652183026da94ab1afbc68bd4d2cc945fa256"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5a9149bb80e4aa98158060d3981661f9ef7290387efe83063f06716d27e8111","downloaded_from":"2026-09-10T00:11:44.478Z","last_downloaded_at":"2026-09-10T00:11:44.478Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478622","source_sha256":"2d6dd5ba8418d7fe7d61fabba35652183026da94ab1afbc68bd4d2cc945fa256"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:478365a4f76c20bf1355b350f1caf198b2769145c115b831ca29599b7291915d","downloaded_from":"2026-09-10T00:11:44.478Z","last_downloaded_at":"2026-09-10T00:11:44.478Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478622","source_sha256":"2d6dd5ba8418d7fe7d61fabba35652183026da94ab1afbc68bd4d2cc945fa256"}},{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"360-965-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_240AE07F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/p/#plan-assets\" class=\"term\" title=\"Assets—usually stocks, bonds, and other investments (except certain insurance contracts as noted in paragraph 715-60-35-109)—that have been segregated and restricted (usually in a trust) to be used for a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). The amount of plan assets includes amounts contributed by the employer, and by plan participants for a contributory plan, and amounts earned from investing the contributions, less benefits, income taxes, and other expenses incurred. Plan assets ordinarily cannot be withdrawn by the employer except under certain circumstances when a plan has assets in excess of obligations and the employer has taken certain steps to satisfy existing obligations. Securities of the employer held by the plan are includable in plan assets provided they are transferable. Assets not segregated in a trust, or otherwise effectively restricted, so that they cannot be used by the employer for other purposes are not plan assets, even though the employer may intend that those assets be used to provide health and welfare benefits, which may include postretirement benefits. Those assets shall be accounted for in the same manner as other employer assets of a similar nature and with similar restrictions. If a plan has liabilities other than for benefits, those nonbenefit obligations are considered as reductions of plan assets. Amounts accrued by the employer but not yet paid to the plan are not plan assets. If a trust arrangement explicitly provides that segregated assets are available to satisfy claims of creditors in bankruptcy, such a provision would effectively permit those assets to be used for other purposes at the discretion of the employer. It is not necessary to determine that a trust is bankruptcy-proof for the assets of the trust to qualify as plan assets. However, assets held in a trust that explicitly provides that such assets are available to the general creditors of the employer in the event of the employer's bankruptcy would not qualify as plan assets.\"><span>Plan assets</span></a> used in plan operations </span></span><span class=\"sfragment\" id=\"sfr_240AE190-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> shall be reported at cost less accumulated depreciation or amortization and may consist of any of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_240AE26D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Buildings </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_240AE393-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Equipment </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_240AE478-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Furniture and fixtures </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_240AE54D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Leasehold improvements. </span></span></div></li></ol></div></div>","snippet":"Plan assets used in plan operations shall be reported at cost less accumulated depreciation or amortization and may consist of any of the following:\n(a) Buildings\n(b) Equipment\n(c) Furniture and fixtures\n(d) Leasehold im…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4286d39f5eee48e6b2851151579ddb49e4dfc6093af3701246bc0ee235c2eba7","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}},{"citation":"360-965-35-2","para":"35-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_240AE61B-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Plan investments in the form of real estate or other investments (excluding insurance contracts), shall be reported at their <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a> less costs to sell, if significant, at the financial statement date. </span></span></div></div>","snippet":"Plan investments in the form of real estate or other investments (excluding insurance contracts), shall be reported at their fair value less costs to sell, if significant, at the financial statement date.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:18fb787f577bcc2c74df1e895beb3438350067243830807cb1d6b9280955b072","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}},{"citation":"360-965-35-3","para":"35-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">See Subtopic <a altsource=\"GUID-D998C681-B45B-4F45-8FFE-36EAF5A9A697.ditamap\" class=\"ditamap\">965-325</a> for guidance on accounting for other investments, in particular investment and insurance contracts, of <a href=\"/glossary/h/#health-and-welfare-benefit-plans\" class=\"term\" title=\"Health and welfare benefit plans include plans that provide the following: Any of the following benefits: Medical, dental, visual, psychiatric, or long-term health care Life insurance (offered separately from a pension plan) Certain severance benefits Accidental death or dismemberment benefits. Benefits for unemployment, disability, vacations, or holidays Other benefits such as apprenticeships, tuition assistance, day care, dependent care, housing subsidies, or legal services.\"><span>health and welfare benefit plans</span></a>.</div></div>","snippet":"See Subtopic 965-325 for guidance on accounting for other investments, in particular investment and insurance contracts, of health and welfare benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e3068ec2d7c9492aa01880c5a94fde430f758f9bb0fb1b7ae328e60841a838d","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:72ee449bbb804c092796a79c6c82db1e0018c7403e19c19ebe02b843bf7ec6d7","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:231f0fef8b0bcd035b9fff1bd84e288bd78ba5d0a029315bb9647ee5c09f8f3d","downloaded_from":"2026-09-10T00:11:48.609Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477961","source_sha256":"c5179aa26690a3b7c2231f1a501402b4094b927d7259b9f57cb318e19ea9e45d"}}],"enrichment":{"summary":"This subtopic tells health and welfare benefit plans how to measure property, plant, and equipment on the plan's financial statements. Assets used in plan operations (buildings, equipment, furniture and fixtures, leasehold improvements) are carried at cost less accumulated depreciation or amortization, while real estate and other holdings held as plan investments are reported at fair value less costs to sell, if significant, as of the financial statement date.","key_points":["Plan assets used in plan operations are reported at cost less accumulated depreciation or amortization (360-965-35-1).","Assets used in operations may include buildings, equipment, furniture and fixtures, and leasehold improvements (360-965-35-1(a)-(d)).","Plan investments in real estate or other investments (excluding insurance contracts) are reported at fair value less costs to sell, if significant, at the financial statement date (360-965-35-2).","Accounting for other investments, particularly investment and insurance contracts, is addressed in Subtopic 965-325 (360-965-35-3).","The scope of this Subtopic follows Section 965-10-15, the Overall Subtopic's scope and scope exceptions (360-965-15-1)."],"categories":["Subsequent measurement","Inventory and PP&E","Fair value","Compensation and benefits"],"audience_level":"intermediate","student_note":"The exam trap is the split measurement model: the same asset class (e.g., a building) is carried at depreciated cost if the plan uses it to run operations, but at fair value less costs to sell if the plan holds it as an investment. Ask what the asset is used for, not what it is.","related_topics":["965-10","965-325","965-360","360-10","820","960"],"key_concepts":["health and welfare benefit plan","assets used in plan operations","cost less accumulated depreciation","plan investments","fair value less costs to sell","real estate investments","insurance contracts","leasehold improvements"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:466ad2ab9882f0be735ec28ff7e03a56bd7ae87d706b3a1e75a565cb508a4a96","downloaded_from":"2026-09-10T00:11:37.708Z","last_downloaded_at":"2026-09-10T00:11:48.609Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"360-962","title":"Plan Accounting—Defined Contribution Pension Plans","topic_title":"Property, Plant, and 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Equipment","score":0.8813,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0f11c42c3b6006d91804329ce3b3aa7546982098149e8590b00456aae3f84d6a","downloaded_from":"2026-09-10T00:11:09.859Z","last_downloaded_at":"2026-09-10T00:11:20.525Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"965-20","title":"Net Assets Available for Plan Benefits","topic_title":"Plan Accounting—Health and Welfare Benefit 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