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All of the following information shall be disclosed in notes to financial statements that include the period in which an exit or disposal activity is initiated and any subsequent period until the activity is completed:
  1. a
    A description of the exit or disposal activity, including the facts and circumstances leading to the expected activity and the expected completion date
  2. b
    For each major type of cost associated with the activity (for example, one-time employee termination benefits, contract termination costs, and other associated costs), both of the following shall be disclosed:
    1. 1
      The total amount expected to be incurred in connection with the activity, the amount incurred in the period, and the cumulative amount incurred to date
    2. 2
      A reconciliation of the beginning and ending liability balances showing separately the changes during the period attributable to costs incurred and charged to expense, costs paid or otherwise settled, and any adjustments to the liability with an explanation of the reason(s) why.
  3. c
    The line item(s) in the income statement or the statement of activities in which the costs in (b) are aggregated
  4. d
    For each reportable segment, as defined in Subtopic 280-10, the total amount of costs expected to be incurred in connection with the activity, the amount incurred in the period, and the cumulative amount incurred to date, net of any adjustments to the liability with an explanation of the reason(s) why
  5. e
    If a liability for a cost associated with the activity is not recognized because fair value cannot be reasonably estimated, that fact and the reasons why.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1All of the following information shall be disclosed in notes to financial statements that include the period in which an exit or disposal activity is initiated and any subsequent period until the activity is completed:
  1. a
    A description of the exit or disposal activity, including the facts and circumstances leading to the expected activity and the expected completion date
  2. b
    For each major type of cost associated with the activity (for example, one-time employee termination benefits, contract termination costs, and other associated costs), both of the following shall be disclosed:
    1. 1
      The total amount expected to be incurred in connection with the activity, the amount incurred in the period, and the cumulative amount incurred to date
    2. 2
      A reconciliation of the beginning and ending liability balances showing separately the changes during the period attributable to costs incurred and charged to expense, costs paid or otherwise settled, and any adjustments to the liability with an explanation of the reason(s) why.
  3. c
    The line item(s) in the income statement or the statement of activities in which the costs in (b) are aggregated
  4. d
    For each reportable segment, as defined in Subtopic 280-10, the total amount of costs expected to be incurred in connection with the activity, the amount incurred in the period, and the cumulative amount incurred to date, net of any adjustments to the liability with an explanation of the reason(s) why
  5. e
    If a liability for a cost associated with the activity is not recognized because fair value cannot be reasonably estimated, that fact and the reasons why.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1All of the following information shall be disclosed in notes to financial statements in annual and interim reporting periods that include the period in which an exit or disposal activity is initiated and any subsequent period until the activity is completed:
  1. a
    A description of the exit or disposal activity, including the facts and circumstances leading to the expected activity and the expected completion date
  2. b
    For each major type of cost associated with the activity (for example, one-time employee termination benefits, contract termination costs, and other associated costs), both of the following shall be disclosed:
    1. 1
      The total amount expected to be incurred in connection with the activity, the amount incurred in the period, and the cumulative amount incurred to date
    2. 2
      A reconciliation of the beginning and ending liability balances showing separately the changes during the period attributable to costs incurred and charged to expense, costs paid or otherwise settled, and any adjustments to the liability with an explanation of the reason(s) why.
  3. c
    The line item(s) in the income statement or the statement of activities in which the costs in (b) are aggregated
  4. d
    For each reportable segment, as defined in Subtopic 280-10, the total amount of costs expected to be incurred in connection with the activity, the amount incurred in the period, and the cumulative amount incurred to date, net of any adjustments to the liability with an explanation of the reason(s) why
  5. e
    If a liability for a cost associated with the activity is not recognized because fair value cannot be reasonably estimated, that fact and the reasons why.
See paragraphs
220-40-50-21 through 50-25
for additional disclosure requirements.
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