# ASC 460-10-60: Guarantees — Overall — 60 Relationships Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/460/10/#60-relationships) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:34faf9ac511a32b9f447c775a35f0f873292378f6d8804ba6f93027feea81f66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 460-10-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/460/10/#60-relationships) SEC content: no #### Investments—Equity Method and Joint Ventures ##### [460-10-60-1](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:e4c90b0ddbc7d0b636fddcc171ba4e6223c8ec15bf17a0028979261f6f01cecd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guaranteed obligations of an investee that is accounted for using the equity method, see paragraph [323-10-35-20](https://asc.understandingaccounting.org/asc/323/10/#323-10-35-20). #### Other Assets and Deferred Costs ##### [460-10-60-2](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:64869113cde427ec22df04081970e3264d563a4cbe1c1d8d0210726cd412f2fd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For contractual guarantees for reimbursement of design and development costs related to long-term supply arrangements, see paragraph [340-10-25-3](https://asc.understandingaccounting.org/asc/340/10/#340-10-25-3). #### Property, Plant, and Equipment ##### [460-10-60-3](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:24659a2620019636dd0612a0ec656c262dec06b2be7609ccd6e32f8d326dcd44 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a seller's guarantee of a return of the buyer's investment in real estate or a seller's guarantee of a return on that investment for an extended period, see Subtopic 842-40 for sale and leaseback transactions. #### Liabilities ##### [460-10-60-4](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:27c37be02534de732717191ee4ec37e3236bb0191cf015844ab03571124fddc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the guarantee obligation that results if a primary debtor becomes secondarily liable upon a release by a creditor, see paragraph [405-20-40-2](https://asc.understandingaccounting.org/asc/405/20/#405-20-40-2). #### Distinguishing Liabilities from Equity ##### [460-10-60-5](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:d5b8fc29af50a029b7e55acd067f391305f9b64f9c972988bb6104b96c679328 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For an entity's guarantee of the value of an asset, liability, or equity security of another entity that may require or permit settlement in the entity's equity shares, see paragraph [480-10-55-23](https://asc.understandingaccounting.org/asc/480/10/#480-10-55-23). ##### [460-10-60-6](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:db7ebcb58b1225c096a1777eb32a422acec31624b57c4212d22853f79a694b5b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a freestanding put option indexed to a subsidiary's equity shares, see paragraphs [480-10-55-53 through 55-58](https://asc.understandingaccounting.org/asc/480/10/#480-10-55-53) . ##### [460-10-60-7](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:ad79c1d94d9d52b34f3501394624b3ea8ffb5fc2f6b895c2d09f76d8625c0458 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For embedded put options indexed to the stock of a consolidated subsidiary, see paragraphs [480-10-55-59 through 55-62](https://asc.understandingaccounting.org/asc/480/10/#480-10-55-59) . ##### [460-10-60-8](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-8) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:c6c9fe3685bd3930fcec4cd0599acb4b48d0a5a3c5ba1be9e2a7f1b0f03c57ea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [460-10-60-9](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-9) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:d77c4521c0c288f4b1673e856aaad9d7936becad50b707ee815292ba4707d191 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). ##### [460-10-60-10](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-10) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:f16f83e93573f019020cea1f7f2e2c1556093a701db5c45e727c7a58ae0f6fbb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Compensation—Stock Compensation ##### [460-10-60-11](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-11) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:19224908c79546925971280dd67a719b3c5973160e4dee7bc5f4920118dc6f99 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For an employer's guarantee of the debt of an employee stock option plan, see paragraph [718-40-25-9](https://asc.understandingaccounting.org/asc/718/40/#718-40-25-9). #### Business Combinations ##### [460-10-60-12](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-12) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:4465d8ba8c8cf5019820a66c1410db93e14ac790a572ee862e78d152ea21cc0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guarantees that represent contingent consideration in a business combination, see Subtopic 805-30. #### Consolidation ##### [460-10-60-13](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-13) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:2d7a0cfe3cc92481d0685fc8a9e68317a495c6175bb10bc3e62e2cce1d350a9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guarantees of the value of the assets or liabilities of a variable interest entity (VIE), written put options on the assets of the VIE, or similar obligations, see paragraphs [810-10-55-25 through 55-26](https://asc.understandingaccounting.org/asc/810/10/#810-10-55-25) . ##### [460-10-60-14](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-14) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:858ab7bfe38aa6cf3fed8e6f7e6bf99b624ed1850b11befef86a8ade070d9a82 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For freestanding derivative instruments indexed to, and potentially settled in, the stock of a consolidated subsidiary, see paragraphs [815-10-15-77](https://asc.understandingaccounting.org/asc/815/10/#815-10-15-77) and [810-10-45-16A](https://asc.understandingaccounting.org/asc/810/10/#810-10-45-16A). #### Derivatives and Hedging ##### [460-10-60-15](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-15) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:2ad38245960b38067ff8bc8e5d13fbbcdff6233a533f382b402d12d637d6f14c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For [weather derivatives](https://asc.understandingaccounting.org/glossary/w/#weather-derivative "A forward-based or option-based contract for which settlement is based on a climatic or geological variable. One example of such a variable is the occurrence or nonoccurrence of a specified amount of snow at a specified location within a specified period of time."), see Subtopic 815-45. #### Leases ##### [460-10-60-16](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-16) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:648faadc8691c165799b0978bc58b4879ac6180fa7254b50cabc2ee8bae0b417 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the effect on the [lease term](https://asc.understandingaccounting.org/glossary/l/#lease-term "The noncancellable period for which a lessee has the right to use an underlying asset, together with all of the following: Periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option Periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option Periods covered by an option to extend (or not to terminate) the lease in which exercise of the option is controlled by the lessor.") of a provision or condition that in substance is a guarantee of a [lessor's](https://asc.understandingaccounting.org/glossary/l/#lessor "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.") debt or a loan to a lessor by the [lessee](https://asc.understandingaccounting.org/glossary/l/#lessee "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.") that is related to the [underlying asset](https://asc.understandingaccounting.org/glossary/u/#underlying-asset "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.") but is structured in such a manner that it does not represent a direct guarantee or loan, see the definition of lease term. ##### [460-10-60-17](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-17) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:7f8b68dfd5bd3f98353124181a4a46bbbb6e9a1887a5c363055212bea818b7f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the effects on [lease payments](https://asc.understandingaccounting.org/glossary/l/#lease-payments "See paragraph 842-10-30-5 for what constitutes lease payments from the perspective of a lessee and a lessor.") of a guarantee by the lessee of the lessor's debt, see paragraph [842-10-30-6](https://asc.understandingaccounting.org/asc/842/10/#842-10-30-6). ##### [460-10-60-18](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-18) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:e2a24d786bacab28e3932e600ecba339d6466862a1039080800112b6ce10f221 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the effects on [lease payments](https://asc.understandingaccounting.org/glossary/l/#lease-payments "See paragraph 842-10-30-5 for what constitutes lease payments from the perspective of a lessee and a lessor.") of a guarantee by the lessee of the residual value of the underlying asset at the expiration of the lease term, see paragraphs [842-10-30-5](https://asc.understandingaccounting.org/asc/842/10/#842-10-30-5) and [842-10-55-34 through 55-36](https://asc.understandingaccounting.org/asc/842/10/#842-10-55-34) . ##### [460-10-60-19](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-19) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:a68742f2bdf8636035c8d2d4c4d767576aff8d8f9c04109a12948e1e1cf22497 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [460-10-60-20](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-20) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:eb54c806358c0ed4b2297fd26d50f812a086bf03e9d396df4e9dacc2d751d5dd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a determination of whether a residual value guarantee is subject to the requirements of Topic 815, see paragraph [842-10-15-43](https://asc.understandingaccounting.org/asc/842/10/#842-10-15-43). ##### [460-10-60-21](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-21) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:854d17098ec42124f6372b198067e145e8dd9a3a01e9efd36794ad0d995b2a11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a commitment by a lessor to guarantee performance of the underlying asset in a manner more extensive than a typical product [warranty](https://asc.understandingaccounting.org/glossary/w/#warranty "A guarantee for which the underlying is related to the performance (regarding function, not price) of nonfinancial assets that are owned by the guaranteed party. The obligation may be incurred in connection with the sale of goods or services; if so, it may require further performance by the seller after the sale has taken place.") or to effectively protect the lessee from obsolescence of the underlying asset, see paragraphs [842-10-55-32 through 55-33](https://asc.understandingaccounting.org/asc/842/10/#842-10-55-32) . ##### [460-10-60-22](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-22) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:3027cdeed3e40f4e963e5e11cda864200ffb87a79c6a5999a541f2b74878e004 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a manufacturer's guarantee of the resale value of equipment to the purchaser, see paragraphs [842-30-55-1 through 55-15](https://asc.understandingaccounting.org/asc/842/30/#842-30-55-1) . ##### [460-10-60-23](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-23) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:e7fe01dc7f63e360b05be1d87eabeb0895129b944698bdea507d1a58df026c2d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a lessee's indemnification for environmental contamination, see paragraph [842-10-55-15](https://asc.understandingaccounting.org/asc/842/10/#842-10-55-15). ##### [460-10-60-24](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-24) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:1d2a8d3880f3e8a9ee8dbf324c1be63204d177a61a409060f0fc6dc4692575e4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a guarantee by a lessee of the underlying asset's residual value in a lease transaction, see paragraphs [842-10-30-5](https://asc.understandingaccounting.org/asc/842/10/#842-10-30-5) and [842-10-55-34 through 55-36](https://asc.understandingaccounting.org/asc/842/10/#842-10-55-34) . ##### [460-10-60-25](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-25) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:89c64ea91588a133a861e2f2ec9c19c5d9fec9ded64b83d1be1a9eee44eaaaa9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [460-10-60-26](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-26) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:7d5cf089316708cad1e5fed9b0053422115228f4b358199bc3ed00a6e77a7850 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [460-10-60-27](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-27) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:7d9b1c8165cf5ca72eb6d5a9d8cdb2fc10c51f9cf43f3e353afb95dad90a2fd7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [460-10-60-28](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-28) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:dee443c119e7d85c3d7577c9b20b2a733c404154b2de94194d552ee657caca95 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-04](https://asc.understandingaccounting.org/updates/asu-2012-04/). ##### [460-10-60-29](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-29) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:41e4b8ddecdc1c1f161f28bec2ca3cb5cda1d50b108cf1d71b2018c8c3651ac1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [460-10-60-30](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-30) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:fee328a39f3ea50dc6c5771d2bab7a6239d0527097897e44ba99ee28e4669a63 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [460-10-60-31](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-31) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:a1fcb59967d72eee043538bffa1113693f6ec72e6b923c2a974b42f3003edde0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) ##### [460-10-60-32](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-32) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:6a81266541bf5d0a3fd8940ed39e66d99ea8ce0864a6c183034e868ca3f70d71 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a guarantee by the seller-lessee of the underlying asset's residual value in a sale and leaseback transaction, see paragraphs [842-40-55-20 through 55-21](https://asc.understandingaccounting.org/asc/842/40/#842-40-55-20) . ##### [460-10-60-33](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-33) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:d02556b091e8c7b8141593cf4fc35e9813b229fa7ab0a9e5ceeb7ceedb56686d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-02](https://asc.understandingaccounting.org/updates/asu-2016-02/) #### Transfers and Servicing ##### [460-10-60-34](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-34) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:40ed5e4bb9a14425ed0e1f2ccb9341303ced472d9da9b2e21263e977e0186bc1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2012-04](https://asc.understandingaccounting.org/updates/asu-2012-04/). ##### [460-10-60-35](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-35) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:26b478a61d00740b5b76457b5f9d27ef05a35af994ce62b4f45bfb714888cf9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-10](https://asc.understandingaccounting.org/updates/asu-2015-10/). ##### [460-10-60-36](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-36) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:e82124cc2064c63577d195ac4c4786f66f5b4b98786c3b8a427644012b007e9f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For transactions that involve the sale of a marketable security to a third-party buyer, with the buyer's having an option to put the security back to the seller at a specified future date or dates for a fixed price, see the guidance beginning in paragraph [860-20-55-20](https://asc.understandingaccounting.org/asc/860/20/#860-20-55-20). ##### [460-10-60-37](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-37) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:2d74dfb8b210f7dd46fc4072b320dd92f2b56a0dfade39184eb18e216db2d937 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For a sale of mortgage servicing rights with a subservicing agreement in which the seller-subservicer directly or indirectly guarantees a yield to the buyer, see paragraphs [860-50-40-7 through 40-9](https://asc.understandingaccounting.org/asc/860/50/#860-50-40-7) . ##### [460-10-60-38](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-38) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:ddc4f68ecb96376b9d928469b21170df18d1ed0379a19c844b248f9918302dfb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/). #### Plan Accounting—Defined Benefit Pension Plans ##### [460-10-60-39](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-39) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:fa1aabcb9156f9f47d71a6755974ef91d13e126183a3deed57f98eff8491014f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guaranteed investment contracts held by defined benefit pension plans, see paragraph [960-325-35-3](https://asc.understandingaccounting.org/asc/325/960/#325-960-35-3). #### Real Estate—General ##### [460-10-60-40](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-40) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:7fe7a2883e7e5c78fd90e10e8082638ddbfe6c2e810b3246ec6015fa7c651a91 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For an entity's agreement to either make up shortfalls in the annual debt service requirements or guarantee a tax increment financing entity's debt, see paragraph [970-470-25-3](https://asc.understandingaccounting.org/asc/470/970/#470-970-25-3). ### Product Warranties #### Revenue Recognition ##### [460-10-60-41](https://asc.understandingaccounting.org/asc/460/10/#460-10-60-41) Pending content: no Source downloaded (UTC): 2026-09-10T00:29:54.564Z to 2026-09-10T00:29:54.564Z Record version: sha256:2b94ff4e4231ad55151bf9e4503b901841e037fa8139ae6858cfb44cfe667698 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For recognition of [revenue](https://asc.understandingaccounting.org/glossary/r/#revenue "Inflows or other enhancements of assets of an entity or settlements of its liabilities (or a combination of both) from delivering or producing goods, rendering services, or other activities that constitute the entity's ongoing major or central operations.") for a [warranty](https://asc.understandingaccounting.org/glossary/w/#warranty "A guarantee for which the underlying is related to the performance (regarding function, not price) of nonfinancial assets that are owned by the guaranteed party. The obligation may be incurred in connection with the sale of goods or services; if so, it may require further performance by the seller after the sale has taken place.") that is identified as a separate [performance obligation](https://asc.understandingaccounting.org/glossary/p/#performance-obligation "A promise in a contract with a customer to transfer to the customer either: A good or service (or a bundle of goods or services) that is distinct A series of distinct goods or services that are substantially the same and that have the same pattern of transfer to the customer."), see paragraphs [606-10-55-30 through 55-35](https://asc.understandingaccounting.org/asc/606/10/#606-10-55-30) .