{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/450/10/","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":"450-10","topic":"450","title":"Overall","area":"Liabilities","paragraphs":27,"summary":"ASC 450-10 is the Overall subtopic of the Contingencies Topic; it sets the pervasive scope, definitions, and cross-references for gain and loss contingencies addressed in 450-20 and 450-30. A contingency exists when an existing condition, situation, or set of circumstances involves uncertainty that will be resolved by a future event confirming the acquisition of an asset, reduction of a liability, loss or impairment of an asset, or incurrence of a liability (450-10-05-5). Critically, the mere use of an estimate does not create a contingency (450-10-05-6), and the Topic does not apply to recognition and initial measurement of contingency-related assets and liabilities measured at fair value in a business combination, NFP acquisition, or joint venture formation (450-10-15-2A).","concepts":["loss contingency","gain contingency","existing condition involving uncertainty","estimates versus contingencies","scope exception for business combinations","future confirming event","disclosure of uncertainties"],"categories":["Contingencies and guarantees","Recognition","Disclosure","Business combinations"],"level":"introductory","topic_title":"Contingencies","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"450-10-00-1","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=\"SL6797835-128537\"><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\"><a href=\"/glossary/a/#acquirer\" class=\"term\" title=\"The entity that obtains control of the acquiree. However, in a business combination in which a variable interest entity (VIE) is acquired, the primary beneficiary of that entity always is the acquirer. (P) December 16, 2026; (N) December 16, 2026805-10-65-5The entity that obtains control of the acquiree.See paragraphs 805-10-25-4805-10-25-5 for guidance on determining the acquirer.\"><span>Acquirer</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2025-03/\" class=\"xref\">Accounting Standards Update No. 2025-03</a></td><td class=\"entry\">05/12/2025</td></tr><tr><td class=\"entry\"><a href=\"/glossary/a/#acquisition-by-a-not-for-profit-entity\" class=\"term\" title=\"A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities.\"><span>Acquisition by a Not-for-Profit Entity</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2010-07/\" class=\"xref\">Accounting Standards Update No. 2010-07</a></td><td class=\"entry\">01/28/2010</td></tr><tr><td class=\"entry\"><a href=\"/glossary/b/#business\" class=\"term\" title=\"Paragraphs 805-10-55-3A805-10-55-4805-10-55-5805-10-55-6 and 805-10-55-8805-10-55-9 define what is considered a business.\"><span>Business</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2017-01/\" class=\"xref\">Accounting Standards Update No. 2017-01</a></td><td class=\"entry\">01/05/2017</td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#commencement-date-of-the-lease-commencement-date\" class=\"term\" title=\"The date on which a lessor makes an underlying asset available for use by a lessee. See paragraphs 842-10-55-19842-10-55-20842-10-55-21 for implementation guidance on the commencement date.\"><span>Commencement Date of the Lease (Commencement Date)</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>Contract</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#corporate-joint-venture\" class=\"term\" title=\"A corporation owned and operated by a small group of entities (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a corporate joint venture frequently is to share risks and rewards in developing a new market, product or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A corporate joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a corporate joint venture. The ownership of a corporate joint venture seldom changes, and its stock is usually not traded publicly. A noncontrolling interest held by public ownership, however, does not preclude a corporation from being a corporate joint venture.\"><span>Corporate Joint Venture</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-05/\" class=\"xref\">Accounting Standards Update No. 2023-05</a></td><td class=\"entry\">08/23/2023</td></tr><tr><td class=\"entry\"><a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>Customer</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/f/#formation-date\" class=\"term\" title=\"The formation date of a joint venture is the date on which an entity initially meets the definition of a joint venture, which is not necessarily the legal entity formation date. The formation date is the measurement date for the formation transaction. If multiple arrangements are accounted for as a single transaction that establishes the formation of a joint venture, the formation date is the measurement date for all arrangements that form part of the single formation transaction.\"><span>Formation Date</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-05/\" class=\"xref\">Accounting Standards Update No. 2023-05</a></td><td class=\"entry\">08/23/2023</td></tr><tr><td class=\"entry\"><a href=\"/glossary/j/#joint-venture\" class=\"term\" title=\"An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.\"><span>Joint Venture</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-05/\" class=\"xref\">Accounting Standards Update No. 2023-05</a></td><td class=\"entry\">08/23/2023</td></tr><tr><td class=\"entry\"><a href=\"/glossary/l/#lease\" class=\"term\" title=\"A contract, or part of a contract, that conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration.\"><span>Lease</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/l/#lessee\" class=\"term\" title=\"An entity that enters into a contract to obtain the right to use an underlying asset for a period of time in exchange for consideration.\"><span>Lessee</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/l/#lessor\" class=\"term\" title=\"An entity that enters into a contract to provide the right to use an underlying asset for a period of time in exchange for consideration.\"><span>Lessor</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/r/#reinsurance\" class=\"term\" title=\"A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.\"><span>Reinsurance</span></a></td><td class=\"entry\">Added</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/t/#transaction-price\" class=\"term\" title=\"The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.\"><span>Transaction Price</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/u/#underlying-asset\" class=\"term\" title=\"An asset that is the subject of a lease for which a right to use that asset has been conveyed to a lessee. The underlying asset could be a physically distinct portion of a single asset.\"><span>Underlying Asset</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><strong class=\"ph b\">Variable Interest Entity</strong></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2025-03/\" class=\"xref\">Accounting Standards Update No. 2025-03</a></td><td class=\"entry\">05/12/2025</td></tr><tr><td class=\"entry\"><a href=\"/glossary/v/#variable-lease-payments\" class=\"term\" title=\"Payments made by a lessee to a lessor for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.\"><span>Variable Lease Payments</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</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/450/10/#450-10-15-2A\" class=\"xref\">450-10-15-2A</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2023-05/\" class=\"xref\">Accounting Standards Update No. 2023-05</a></td><td class=\"entry\">08/23/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/450/10/#450-10-15-2A\" class=\"xref\">450-10-15-2A</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2010-07/\" class=\"xref\">Accounting Standards Update No. 2010-07</a></td><td class=\"entry\">01/28/2010</td></tr><tr><td class=\"entry\"><a href=\"/asc/450/10/#450-10-60-1\" class=\"xref\">450-10-60-1</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2025-11/\" class=\"xref\">Accounting Standards Update No. 2025-11</a></td><td class=\"entry\">12/08/2025</td></tr><tr><td class=\"entry\"><a href=\"/asc/450/10/#450-10-60-2\" class=\"xref\">450-10-60-2</a></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=\"/asc/450/10/#450-10-60-3\" class=\"xref\">450-10-60-3</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/450/10/#450-10-60-4\" class=\"xref\">450-10-60-4</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/450/10/#450-10-60-8\" class=\"xref\">450-10-60-8</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2016-02/\" class=\"xref\">Accounting Standards Update No. 2016-02</a></td><td class=\"entry\">02/25/2016</td></tr><tr><td class=\"entry\"><a href=\"/asc/450/10/#450-10-60-12\" class=\"xref\">450-10-60-12</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Accounting Standards Update No. 2014-09</a></td><td class=\"entry\">05/28/2014</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nAcquirer | Amended | Accounting Standards Update No. 2025-03 | 05/12/2025 |\nAcquisition …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c3f946ffe4cc04978fdb3ddb8b9302d3988a197113eb3fe2e59cc9d89d855a2d","downloaded_from":"2026-09-10T00:26:49.502Z","last_downloaded_at":"2026-09-10T00:26:49.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482980","source_sha256":"e2c9be776e0137454ffade80893e0edb977ba9b9c6681d7dc9355e6c0e07f78c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e95d815127e0945d72c6f2dda22bd09e408de89e36916cc4ca6971e5d0545b8c","downloaded_from":"2026-09-10T00:26:49.502Z","last_downloaded_at":"2026-09-10T00:26:49.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482980","source_sha256":"e2c9be776e0137454ffade80893e0edb977ba9b9c6681d7dc9355e6c0e07f78c"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b82ae467ee8d6c224e0572cee13f67372e62bd222f34c75a13421e0a630d547d","downloaded_from":"2026-09-10T00:26:49.502Z","last_downloaded_at":"2026-09-10T00:26:49.502Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482980","source_sha256":"e2c9be776e0137454ffade80893e0edb977ba9b9c6681d7dc9355e6c0e07f78c"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"450-10-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Contingencies Topic includes the following Subtopics:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">Overall</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Loss Contingencies</div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">Gain Contingencies.</div></li></ol></div></div>","snippet":"The Contingencies Topic includes the following Subtopics:\n(a) Overall\n(b) Loss Contingencies\n(c) Gain Contingencies.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af9090e7997e2345ae0213db18cab20c0ea58f3f8120f3c715b97204bc601ddd","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}},{"citation":"450-10-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic, in combination with Subtopics <a altsource=\"GUID-E13146CA-1337-48D7-BF5C-574604DA8631.ditamap\" class=\"ditamap\">450-20</a> and <a altsource=\"GUID-96A265EB-2596-421B-9B8C-8112197B547C.ditamap\" class=\"ditamap\">450-30</a>, provides general guidance regarding gain and loss contingencies. Other Topics include gain or loss contingencies related to those specific Topics. Therefore, the Contingencies Topic does not include all standards related to contingencies. While not intended to be all-inclusive, the following Relationships Sections within the Contingency Subtopics provide links to many Topic-specific contingencies: <ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">See Section <a altsource=\"GUID-F441826A-E9B7-4618-8CA8-2B698BB0A5DF.ditamap\" class=\"ditamap\">450-10-60</a> for references to other standards related to uncertainties that could result in either a gain or a loss. </div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">See Section <a altsource=\"GUID-1DDD8F86-F868-4D66-8C17-BBDC08B1D63F.ditamap\" class=\"ditamap\">450-20-60</a> for references to other standards related to uncertainties that could result in a future loss.</div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\">See Section <a altsource=\"GUID-2110170A-1031-4515-8E24-EE95DD64197D.ditamap\" class=\"ditamap\">450-30-60</a> for references to other standards related to uncertainties that could result in a future gain. </div></li></ol></div></div>","snippet":"This Subtopic, in combination with Subtopics 450-20 and 450-30, provides general guidance regarding gain and loss contingencies. Other Topics include gain or loss contingencies related to those specific Topics. Therefore…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:31ee26c79761ce3524e0026394e59da0e94221970b42aeb186254e038fb12953","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}},{"citation":"450-10-05-3","para":"05-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Overall Subtopic establishes the scope and scope exceptions for the Contingencies Topic, provides definitions, and includes links to the standards that appear in Subtopics <a altsource=\"GUID-E13146CA-1337-48D7-BF5C-574604DA8631.ditamap\" class=\"ditamap\">450-20</a> and <a altsource=\"GUID-96A265EB-2596-421B-9B8C-8112197B547C.ditamap\" class=\"ditamap\">450-30</a>.</div></div>","snippet":"The Overall Subtopic establishes the scope and scope exceptions for the Contingencies Topic, provides definitions, and includes links to the standards that appear in Subtopics 450-20 and 450-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0e5def74d271c1620f9514f2a77eb2aa07b770ae268e10194e6ecdbcdfdf160","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}},{"citation":"450-10-05-4","para":"05-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_58C6D3BC-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The Contingencies Topic establishes standards of financial accounting and reporting for loss contingencies and gain contingencies, including standards for disclosures. </span></span></div></div>","snippet":"The Contingencies Topic establishes standards of financial accounting and reporting for loss contingencies and gain contingencies, including standards for disclosures.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:77f02b6460af6d20a085a18366a68b39087022ec5f3f0a44c9e1e00ad6f30544","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}},{"citation":"450-10-05-5","para":"05-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_58C6D592-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Resolution of the uncertainty may confirm 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_58C6D720-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The acquisition of an asset </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_58C6D8D4-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The reduction of a liability </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_58C6DA72-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The loss or impairment of an asset </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">d</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_58C6DB9A-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The incurrence of a liability. </span></span></div></li></ol></div></div>","snippet":"Resolution of the uncertainty may confirm any of the following:\n(a) The acquisition of an asset\n(b) The reduction of a liability\n(c) The loss or impairment of an asset\n(d) The incurrence of a liability.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:864a0ca740fb1cc0deec8b2be5033c09f41ab59628182a9284e73513cf9470a9","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}},{"citation":"450-10-05-6","para":"05-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_58C6DCB5-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Not all uncertainties inherent in the accounting process give rise to <a href=\"/glossary/c/#contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>contingencies</span></a>. </span></span><span class=\"sfragment\" id=\"sfr_58C6DDF2-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Estimates are required in financial statements for many ongoing and recurring activities of an entity. The mere fact that an estimate is involved does not of itself constitute the type of uncertainty referred to in the definition of a loss contingency or a gain contingency. Several examples of situations that are not contingencies are included in Section <a altsource=\"GUID-6A3C6D72-47FD-4CFB-822D-B134C9EDDDE5.ditamap\" class=\"ditamap\">450-10-55</a>. </span></span></div></div>","snippet":"Not all uncertainties inherent in the accounting process give rise to contingencies. Estimates are required in financial statements for many ongoing and recurring activities of an entity. The mere fact that an estimate i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:627e871f1bab0c7766f7a5cca1bf91ce184bc5051680e73e258be875ae3be6e2","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f1cd0d4aec72a7e462bb8915e0157a3735ba0ec42cea5d4583b56aedb737b72","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14aade1666094bf5a34d71ac616c74e8720c22222fa0307bab67383de12647e3","downloaded_from":"2026-09-10T00:26:51.228Z","last_downloaded_at":"2026-09-10T00:26:51.228Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482952","source_sha256":"9694d1bf51ed188feec4119e03e3c903dddc1a06e6247bb9fede77279fbbc241"}},{"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":"450-10-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Contingencies Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all Subtopics of the Contingencies Topic.</div></div>","snippet":"The Scope Section of the Overall Subtopic establishes the pervasive scope for all Subtopics of the Contingencies Topic. Unless explicitly addressed within specific Subtopics, the following scope guidance applies to all S…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fc9c5fa8333d379398c7536a10553a27d452e9fe8264628e77319e965daccc2","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1aece6a591e07742d9505796d34db6c6573573ae1bc7026f40bd2ee583e01bc4","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"450-10-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the Contingencies Topic applies to all entities.</div></div>","snippet":"The guidance in the Contingencies Topic applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6d8eb0edc7f20ac82989abf9ffd6e21d92ae329e42e8391104657917068abd54","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e9413c58e2072cea1d7685b1f6628c02a062f8ba757a4455e16aff59c3aca00","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"450-10-15-2A","para":"15-2A","html":"<div class=\"asc-body\"><div class=\"norm-text\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"GUID-788346DA-516E-40D7-B82B-35125AE63B2C\"><span class=\"sfragment-source\">The guidance in the Contingencies Topic does not apply to the recognition and initial measurement of assets or liabilities arising from contingencies that are measured at fair value or assets arising from contingencies measured at an amount other than fair value on the <a href=\"/glossary/a/#acquisition-date\" class=\"term\" title=\"The date on which the acquirer obtains control of the acquiree.\"><span>acquisition date</span></a> in a business combination </span></span><span class=\"sfragment\" id=\"GUID-F6BE5D6D-61AC-4E7E-8B4F-2B6A753C3632\"><span class=\"sfragment-source\">under the requirements of Subtopic <a altsource=\"GUID-4C20CF40-DD8D-4F61-94A7-35C477A5F96C.ditamap\" class=\"ditamap\">805-20</a>, on the acquisition date in </span></span><span class=\"sfragment\" id=\"GUID-5996410A-B197-4D3E-AE77-C6AC1D7504CD\"><span class=\"sfragment-source\">an <a href=\"/glossary/a/#acquisition-by-a-not-for-profit-entity\" class=\"term\" title=\"A transaction or other event in which a not-for-profit acquirer obtains control of one or more nonprofit activities or businesses and initially recognizes their assets and liabilities in the acquirer's financial statements. When applicable guidance in Topic 805 is applied by a not-for-profit entity, the term business combination has the same meaning as this term has for a for-profit entity. Likewise, a reference to business combinations in guidance that links to Topic 805 has the same meaning as a reference to acquisitions by not-for-profit entities.\"><span>acquisition by a not-for-profit entity</span></a> under the requirements of Subtopic <a altsource=\"GUID-8F421D1C-F467-4235-96C7-D5FDABFEFC13.ditamap\" class=\"ditamap\">958-805</a>, </span></span><span class=\"sfragment\" id=\"GUID-5601690A-60FA-4099-8E6E-FD23C1364187\"><span class=\"sfragment-source\">or on the <a href=\"/glossary/f/#formation-date\" class=\"term\" title=\"The formation date of a joint venture is the date on which an entity initially meets the definition of a joint venture, which is not necessarily the legal entity formation date. The formation date is the measurement date for the formation transaction. If multiple arrangements are accounted for as a single transaction that establishes the formation of a joint venture, the formation date is the measurement date for all arrangements that form part of the single formation transaction.\"><span>formation date</span></a> in a <a href=\"/glossary/j/#joint-venture\" class=\"term\" title=\"An entity owned and operated by a small group of businesses (the joint venturers) as a separate and specific business or project for the mutual benefit of the members of the group. A government may also be a member of the group. The purpose of a joint venture frequently is to share risks and rewards in developing a new market, product, or technology; to combine complementary technological knowledge; or to pool resources in developing production or other facilities. A joint venture also usually provides an arrangement under which each joint venturer may participate, directly or indirectly, in the overall management of the joint venture. Joint venturers thus have an interest or relationship other than as passive investors. An entity that is a subsidiary of one of the joint venturers is not a joint venture. The ownership of a joint venture seldom changes, and its equity interests usually are not traded publicly. A minority public ownership, however, does not preclude an entity from being a joint venture. As distinguished from a corporate joint venture, a joint venture is not limited to corporate entities.\"><span>joint venture</span></a> formation under the requirements of Subtopic <a altsource=\"GUID-CE09B826-CDC8-43FF-A1EF-FB86248E753A.ditamap\" class=\"ditamap\">805-60</a>. </span></span><span class=\"sfragment\" id=\"GUID-4B698D20-E90C-4474-B185-68EB5C7B961E\"><span class=\"sfragment-source\">Those Subtopics provide the recognition and initial measurement requirements for assets and liabilities arising from contingencies measured at fair value and for assets arising from contingencies measured at an amount other than fair value as part of a business combination, an acquisition by a not-for-profit entity, </span></span><span class=\"sfragment\" id=\"GUID-D4162852-F734-4279-A6E6-D879B4C7C934\"><span class=\"sfragment-source\">or a joint venture formation. </span></span></div></div></div>","snippet":"The guidance in the Contingencies Topic does not apply to the recognition and initial measurement of assets or liabilities arising from contingencies that are measured at fair value or assets arising from contingencies m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29d8a24ce6f45a493f4480db3f03a45d62710644d7a3cc28081e8e55bd71c830","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3fbca5f90d013bc72755819086925503ba244d5c16e66c013608634610ea1882","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"450-10-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">In some cases, there may be uncertainty about whether a situation is a <a href=\"/glossary/c/#contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>contingency</span></a>. Section <a altsource=\"GUID-6A3C6D72-47FD-4CFB-822D-B134C9EDDDE5.ditamap\" class=\"ditamap\">450-10-55</a> includes several situations that are not contingencies, and thus are outside the scope of the Contingencies Topic.</div></div>","snippet":"In some cases, there may be uncertainty about whether a situation is a contingency. Section 450-10-55 includes several situations that are not contingencies, and thus are outside the scope of the Contingencies Topic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4d79207c2ea93050c4e358ac138c006ecff534a3ea3ce61ef34a7340339b98e","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e4c7bf21777996cc0b113799602a69041da891399ca2feac3bd4bbb924ba666c","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:812c92cee2e8f5e15195e83500493732c46f77ae84e865e184f11c4627e0739c","downloaded_from":"2026-09-10T00:26:53.128Z","last_downloaded_at":"2026-09-10T00:26:53.128Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482935","source_sha256":"dbb11eeea9ae730a3470a37fdac9cdee84d810320750d558c94928df7d4c66e6"}},{"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":"450-10-55-1","para":"55-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Section includes several situations that do not meet the definition of a <a href=\"/glossary/c/#contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>contingency</span></a>, and thus are outside the scope of this Topic.</div></div>","snippet":"This Section includes several situations that do not meet the definition of a contingency, and thus are outside the scope of this Topic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:314d359f0a3d482ebb9f4b75c1f2d6a869998fc2fb45d27740931f84484f8f03","downloaded_from":"2026-09-10T00:26:56.894Z","last_downloaded_at":"2026-09-10T00:26:56.894Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483084","source_sha256":"2ecae4e59c490f553b986271d61b41c1f55afb0eb2fee272ba1f555511c0ed12"}},{"citation":"450-10-55-2","para":"55-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_58E30A33-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The fact that estimates are used to allocate the known cost of a depreciable asset over the period of use by an entity does not make depreciation a contingency; the eventual expiration of the utility of the asset is not uncertain. Thus, depreciation of assets is not a contingency, nor are such matters as recurring repairs, maintenance, and overhauls, which interrelate with depreciation. </span></span><span class=\"sfragment\" id=\"sfr_58E30C4B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Topic is not intended to alter present depreciation practices as described in Section <a altsource=\"GUID-DB49B5A7-DC7E-40FE-86DC-A5103AAF103A.ditamap\" class=\"ditamap\">360-10-35</a>. </span></span></div></div>","snippet":"The fact that estimates are used to allocate the known cost of a depreciable asset over the period of use by an entity does not make depreciation a contingency; the eventual expiration of the utility of the asset is not …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:56896f8f0fe518f4a01131651258f1523b3c2951cac3ddfc7b65167c6de66bca","downloaded_from":"2026-09-10T00:26:56.894Z","last_downloaded_at":"2026-09-10T00:26:56.894Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483084","source_sha256":"2ecae4e59c490f553b986271d61b41c1f55afb0eb2fee272ba1f555511c0ed12"}},{"citation":"450-10-55-3","para":"55-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_58E30E07-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amounts owed for services received, such as advertising and utilities, are not contingencies even though the accrued amounts may have been estimated; there is nothing uncertain about the fact that those obligations have been incurred. </span></span></div></div>","snippet":"Amounts owed for services received, such as advertising and utilities, are not contingencies even though the accrued amounts may have been estimated; there is nothing uncertain about the fact that those obligations have …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb2eaa2bafdd85a4c69336f795bc24ad518faeefd1eafaa5bf91a2eb1ebe394c","downloaded_from":"2026-09-10T00:26:56.894Z","last_downloaded_at":"2026-09-10T00:26:56.894Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483084","source_sha256":"2ecae4e59c490f553b986271d61b41c1f55afb0eb2fee272ba1f555511c0ed12"}},{"citation":"450-10-55-4","para":"55-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_58E30F9C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The possibility of a change in the tax law in some future year is not an uncertainty. </span></span></div></div>","snippet":"The possibility of a change in the tax law in some future year is not an uncertainty.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12ac4deb39b1145400ff2c4eaff1fdba04285ae6a6d541be02bda39db2bef179","downloaded_from":"2026-09-10T00:26:56.894Z","last_downloaded_at":"2026-09-10T00:26:56.894Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483084","source_sha256":"2ecae4e59c490f553b986271d61b41c1f55afb0eb2fee272ba1f555511c0ed12"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:886325e4acab4b2f0e09d0703d35dfe62377039e7fd421ac0f09cfe5fb4f31e1","downloaded_from":"2026-09-10T00:26:56.894Z","last_downloaded_at":"2026-09-10T00:26:56.894Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483084","source_sha256":"2ecae4e59c490f553b986271d61b41c1f55afb0eb2fee272ba1f555511c0ed12"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7eede4c9ddfb21aed2bb048ba44600fa724cfca6d707588ae31bb693ba874990","downloaded_from":"2026-09-10T00:26:56.894Z","last_downloaded_at":"2026-09-10T00:26:56.894Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483084","source_sha256":"2ecae4e59c490f553b986271d61b41c1f55afb0eb2fee272ba1f555511c0ed12"}},{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Interim Reporting","paragraphs":[{"citation":"450-10-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590AC404-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For <a href=\"/glossary/c/#contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>contingencies</span></a> and other uncertainties that could be expected to affect the fairness of presentation of financial data at an interim date, see paragraph <a href=\"/asc/270/10/#270-10-50-6\" class=\"xref\">270-10-50-6</a>. </span></span></div><div class=\"div pending-text\" id=\"d3e11419-108343__GUID-76F3CCB1-5F1F-4DAD-AAD0-D9664061DF0C\"><div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) December 16, 2027; (N) December 16, 2028</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div><a href=\"/asc/270/10/#270-10-65-1\" class=\"xref\">270-10-65-1</a><span class=\"sfragment\" id=\"GUID-4E55D18D-F3F0-4357-83DE-0CEE884EBDD5\"><span class=\"sfragment-source\">For <a href=\"/glossary/c/#contingency\" class=\"term\" title=\"An existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an entity that will ultimately be resolved when one or more future events occur or fail to occur.\"><span>contingencies</span></a> and other uncertainties that could be expected to affect the fairness of presentation of financial data at an interim date, see paragraph </span></span><span class=\"sfragment\" id=\"GUID-B74122A6-FF3E-4A6F-8D2D-50C7CEE297FF\"><span class=\"sfragment-source\"><a href=\"/asc/270/10/#270-10-50-69\" class=\"xref\">270-10-50-69</a>.</span></span></div></div>","snippet":"For contingencies and other uncertainties that could be expected to affect the fairness of presentation of financial data at an interim date, see paragraph 270-10-50-6. Transition date:(P) December 16, 2027; (N) December…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dccb8ebac5dc0a4dbcef837b5f8c6c0de870395431499278af0ec73a1a1ebd95","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6cdf722703e20fdc717e45b5a52dc71a0c5650fee152604316b921f41383715","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"block":null,"heading":"Other Assets and Deferred Costs","paragraphs":[{"citation":"450-10-60-2","para":"60-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590AC534-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For contingencies associated with insurance and <a href=\"/glossary/r/#reinsurance\" class=\"term\" title=\"A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.\"><span>reinsurance</span></a> contracts that do not transfer insurance risk, see Section <a altsource=\"GUID-3460DAA7-3926-4A35-BF19-FD8C42B70408.ditamap\" class=\"ditamap\">340-30</a>. </span></span></div></div>","snippet":"For contingencies associated with insurance and reinsurance contracts that do not transfer insurance risk, see Section 340-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:439ffd5b9332cbdf78c4dfe4e625f960e9b59fae1e1fcc08360ab72a96a44129","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96c9448a7123f97b1464bb1fc635bb3d1d166da6eb868da65c4620d849938442","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"block":null,"heading":"Revenue Recognition","paragraphs":[{"citation":"450-10-60-3","para":"60-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590AC618-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See the guidance on estimating and constraining estimates of variable consideration (for example, a sale with a right of return) in paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/606/10/#606-10-32-5\" class=\"xref\">606-10-32-5 through 32-14</a></div> included in the <a href=\"/glossary/t/#transaction-price\" class=\"term\" title=\"The amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.\"><span>transaction price</span></a> for <a href=\"/glossary/c/#contract\" class=\"term\" title=\"An agreement between two or more parties that creates enforceable rights and obligations.\"><span>contracts</span></a> with <a href=\"/glossary/c/#customer\" class=\"term\" title=\"A party that has contracted with an entity to obtain goods or services that are an output of the entity's ordinary activities in exchange for consideration.\"><span>customers</span></a>.</span></span></div></div>","snippet":"See the guidance on estimating and constraining estimates of variable consideration (for example, a sale with a right of return) in paragraphs 606-10-32-5 through 32-14 included in the transaction price for contracts wit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dbbfb063978e921d2cbba25e69d50ee03ff995ac537de8fbf50e59862e4ac900","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"citation":"450-10-60-4","para":"60-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590AC71C-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For cases in which a nonmonetary asset is destroyed or damaged (that is, an involuntary conversion) and the amount of monetary assets to be received is uncertain, see paragraph <a href=\"/asc/610/30/#610-30-25-4\" class=\"xref\">610-30-25-4</a>. </span></span></div></div>","snippet":"For cases in which a nonmonetary asset is destroyed or damaged (that is, an involuntary conversion) and the amount of monetary assets to be received is uncertain, see paragraph 610-30-25-4.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ae14203fe784f503bd7f0bae1cf1e3c26d85101563e9894a7aa23c08e9797ee","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3aac1ecc8750972cbb998771868feb9979cb2642540234e01876373923afb08c","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"block":null,"heading":"Other Expenses","paragraphs":[{"citation":"450-10-60-5","para":"60-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590AC819-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For accounting by an insured entity for the contingencies associated with a multiple-year retrospectively rated insurance contract accounted for as insurance, see the Multiple-Year Retrospectively Rated Contracts Subsections of Subtopic <a altsource=\"GUID-2ED7ACCB-8936-4974-98DA-A89EAD3FE6D0.ditamap\" class=\"ditamap\">720-20</a>. </span></span></div></div>","snippet":"For accounting by an insured entity for the contingencies associated with a multiple-year retrospectively rated insurance contract accounted for as insurance, see the Multiple-Year Retrospectively Rated Contracts Subsect…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1842f03be17752ab8bd8b26ea6aaf4b02135085f16cc64fd7bdf643902b21216","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c5fed380dd3d80486f830cc8fee17f2730b7a8036071d6410cfa054e24f5a9e0","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"block":null,"heading":"Income Taxes","paragraphs":[{"citation":"450-10-60-6","para":"60-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590AC8FA-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For accounting for uncertainty in income taxes, see Section <a altsource=\"GUID-7958AA0A-7DBB-49C1-ABB1-099225AE13D3.ditamap\" class=\"ditamap\">740-10-25</a>. </span></span></div></div>","snippet":"For accounting for uncertainty in income taxes, see Section 740-10-25.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78e965bd7e304b561e8247863e8cecea175245534cae1a336e46a4a950546353","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:955b86782af22c0874295e3c5907b36989ab6316a7dc2f3902e808eb6798fadb","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"block":null,"heading":"Business Combinations","paragraphs":[{"citation":"450-10-60-7","para":"60-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590AC9DD-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For recognition of contingent obligations for contractual termination benefits and curtailment losses under employee benefit plans that will be triggered by the consummation of the business combination, see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/805/20/#805-20-55-50\" class=\"xref\">805-20-55-50 through 55-51</a></div>. </span></span></div></div>","snippet":"For recognition of contingent obligations for contractual termination benefits and curtailment losses under employee benefit plans that will be triggered by the consummation of the business combination, see paragraphs 80…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4249ec5923e517c1c9c5b747a6ea463f59b61c823d76e18fd73ea44d86199815","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:646fcb54d8a06dcff9af12f293c0d0447a86d714ca370671a2d0a9f1af8da832","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"block":null,"heading":"Leases","paragraphs":[{"citation":"450-10-60-8","para":"60-8","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590ACB83-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For <a href=\"/glossary/v/#variable-lease-payments\" class=\"term\" title=\"Payments made by a lessee to a lessor for the right to use an underlying asset that vary because of changes in facts or circumstances occurring after the commencement date, other than the passage of time.\"><span>variable lease payments</span></a>, see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/842/20/#842-20-55-1\" class=\"xref\">842-20-55-1 through 55-2</a></div>. </span></span></div></div>","snippet":"For variable lease payments, see paragraphs 842-20-55-1 through 55-2.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33e1bd95bf2643cf179a17d15282862043e417dd03da6cab874a7a5bdac278a6","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45853c67c385068704a2fe2d75370d7c7c457a8d1759deb23271a0ebb928dbda","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"block":null,"heading":"Financial Services—Insurance","paragraphs":[{"citation":"450-10-60-9","para":"60-9","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590ACC52-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For contingencies that arise when an insurance entity or a reinsurance entity issues an insurance contract, see Subtopic <a altsource=\"GUID-DE23C1D2-8518-4C4F-B092-B41011D05673.ditamap\" class=\"ditamap\">944-40</a>. </span></span></div></div>","snippet":"For contingencies that arise when an insurance entity or a reinsurance entity issues an insurance contract, see Subtopic 944-40.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69b99245b3656f51e931190c3a56a327a40d0bdd9acd72cbd4ec45d9063c3308","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"citation":"450-10-60-10","para":"60-10","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590ACD1E-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For contingencies associated with a reinsurance contract between insurance entities (including retrocession), see Section <a altsource=\"GUID-D419DBDC-F5E9-4982-9FEC-8C9AD90DCC4D.ditamap\" class=\"ditamap\">944-20-15</a>. </span></span></div></div>","snippet":"For contingencies associated with a reinsurance contract between insurance entities (including retrocession), see Section 944-20-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f47ee3b52f4a646b58c708923736844b21824726d6b86b261376b1eb080c8fba","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"citation":"450-10-60-11","para":"60-11","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_590ACDE1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For contingencies associated with multiple-year retrospectively rated contracts, see Subtopic <a altsource=\"GUID-F4341DED-0F5B-433D-8291-11B4BCC32084.ditamap\" class=\"ditamap\">944-20</a>. </span></span></div></div>","snippet":"For contingencies associated with multiple-year retrospectively rated contracts, see Subtopic 944-20.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f2e7ee9fd9435895dbea512cca743bb6e99cc72d6ab7fd86a171ae104e2225c","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}},{"citation":"450-10-60-12","para":"60-12","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2014-09/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2014-09</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2014-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:920124ee7cd6d1ae6c78280037c722e90c79181b4fc0d8d773f0716cc8624c70","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:92fe5dacecd0624e32f360796488a1305314b5d090fc102cd085c0323ab2508a","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f86bc0a72198972d02a7aeb1989c776de602743646d4b02af383e3acb4c28350","downloaded_from":"2026-09-10T00:26:58.831Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483058","source_sha256":"61aacd54a222502413a12c137b3bd7034da6f413400de91de9d9100a8da3fe99"}}],"enrichment":{"summary":"ASC 450-10 is the Overall subtopic of the Contingencies Topic; it sets the pervasive scope, definitions, and cross-references for gain and loss contingencies addressed in 450-20 and 450-30. A contingency exists when an existing condition, situation, or set of circumstances involves uncertainty that will be resolved by a future event confirming the acquisition of an asset, reduction of a liability, loss or impairment of an asset, or incurrence of a liability (450-10-05-5). Critically, the mere use of an estimate does not create a contingency (450-10-05-6), and the Topic does not apply to recognition and initial measurement of contingency-related assets and liabilities measured at fair value in a business combination, NFP acquisition, or joint venture formation (450-10-15-2A).","key_points":["Resolution of the uncertainty must confirm one of four outcomes: acquisition of an asset, reduction of a liability, loss or impairment of an asset, or incurrence of a liability (450-10-05-5).","Not all uncertainty is a contingency — the fact that an estimate is involved does not itself create a loss or gain contingency (450-10-05-6).","The Contingencies Topic applies to all entities (450-10-15-2), but excludes recognition and initial measurement of assets and liabilities arising from contingencies measured at fair value (and assets measured at other than fair value) on the acquisition date under Subtopic 805-20, 958-805, or on the formation date under 805-60 (450-10-15-2A).","Depreciation, and related recurring repairs, maintenance, and overhauls, are not contingencies because expiration of the asset's utility is not uncertain (450-10-55-2).","Accrued amounts owed for services already received, such as advertising and utilities, are not contingencies even if estimated, because the obligation has definitely been incurred (450-10-55-3).","The possibility of a future change in the tax law is not an uncertainty within the meaning of the Topic (450-10-55-4).","ASC 450 is not all-inclusive; Topic-specific contingency guidance exists elsewhere (e.g., uncertainty in income taxes at 740-10-25, variable consideration at 606-10-32-5 through 32-14, variable lease payments at 842-20-55-1 through 55-2, insurance contracts at 944-40)."],"categories":["Contingencies and guarantees","Recognition","Disclosure","Business combinations"],"audience_level":"introductory","student_note":"This is the gatekeeping subtopic: before applying the probable/reasonably possible/remote framework of 450-20, you must first confirm you actually have a contingency. The classic error is treating any estimated accrual (depreciation, accrued utilities, warranty-like estimates of known obligations) as a contingency, when the defining feature is uncertainty about whether an asset or liability exists at all, resolvable only by a future event.","related_topics":["450-20","450-30","805-20","740-10","606-10","944-40"],"key_concepts":["loss contingency","gain contingency","existing condition involving uncertainty","estimates versus contingencies","scope exception for business combinations","future confirming event","disclosure of uncertainties"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d2f1ef67aa1dfb1fb65495fc0067bd4e78700b00fbb7c645ec4b690b649a7cf","downloaded_from":"2026-09-10T00:26:49.502Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"450-20","title":"Loss Contingencies","topic_title":"Contingencies","score":0.8777,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ffdf086179376941947f8281b9448a0dd30199fa44f9f94fa2771390a7e88a3","downloaded_from":"2026-09-10T00:27:01.778Z","last_downloaded_at":"2026-09-10T00:27:44.704Z","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":0.8515,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d0025a508049886fc2e06cb8d45b2b514b2b213386aa192f5222878c5946bf14","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":"275-10","title":"Overall","topic_title":"Risks and Uncertainties","score":0.7806,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b70fce0284c81aead55faa057a41e5e52af8a8c777f7164ec4d8f82f4683c7b5","downloaded_from":"2026-09-09T23:21:55.847Z","last_downloaded_at":"2026-09-09T23:22:20.205Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"805-20","title":"Identifiable Assets and Liabilities, and Any Noncontrolling Interest","topic_title":"Business Combinations","score":0.7695,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c1b021ce889642bbbe0cb1298c1ad890203c0a4e73d1b461136c7694250b7f64","downloaded_from":"2026-09-10T01:23:05.700Z","last_downloaded_at":"2026-09-10T01:23:57.518Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-980","title":"Regulated Operations","topic_title":"Contingencies","score":0.7657,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b11fd3eea071d5189648daebe17678828a37abfd7459be6c2141a9e4482a6b58","downloaded_from":"2026-09-10T00:29:15.540Z","last_downloaded_at":"2026-09-10T00:29:23.763Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"450-958","title":"Not-for-Profit Entities","topic_title":"Contingencies","score":0.7615,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f42f0da468b14f8cf09894a409d34c5f6da684d339b1cb6208fdf0918b790770","downloaded_from":"2026-09-10T00:28:58.769Z","last_downloaded_at":"2026-09-10T00:29:12.159Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"440-954","title":"Health Care Entities","topic_title":"Commitments","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9ea1f2b1ecf53cf30cb4b1e44a8fd238f78f04f53763128446633c5a008a6c0","downloaded_from":"2026-09-10T00:26:23.932Z","last_downloaded_at":"2026-09-10T00:26:47.512Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"450-20","title":"Loss Contingencies","topic_title":"Contingencies","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a752b56c6bb0c09c1df5ccac33f45b1956f06a832f48dcd212c627effc55d84","downloaded_from":"2026-09-10T00:27:01.778Z","last_downloaded_at":"2026-09-10T00:27:44.704Z","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":"sha256:7078c1b174f841eaf9cdc5491292974a7ee2ed9947a2d7bc586cc3cef7ee22c7","downloaded_from":"2026-09-10T00:26:49.502Z","last_downloaded_at":"2026-09-10T00:26:58.831Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}