# ASC 470-10-50: Debt — Overall — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/470/10/#50-disclosure) 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): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:689b129565311eebc43c59ea52017163fee5951adc0f4a2d0661e700957051cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 470-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/470/10/#50-disclosure) SEC content: no #### Disclosure of Long-Term Obligations ##### [470-10-50-1](https://asc.understandingaccounting.org/asc/470/10/#470-10-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:bca4230e39f508a9de5663ca42d9e2ef9a13652737bee3c3e1bce7c5d7ef37d3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings shall be disclosed for each of the five years following the date of the latest balance sheet presented. (See paragraph [505-10-50-11](https://asc.understandingaccounting.org/asc/505/10/#505-10-50-11) for related disclosure guidance on redeemable securities). See Example 3 (paragraph [470-10-55-10](https://asc.understandingaccounting.org/asc/470/10/#470-10-55-10)) for an illustration of this disclosure requirement. ##### [470-10-50-2](https://asc.understandingaccounting.org/asc/470/10/#470-10-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:f6b99c8ce6acce4763ac129cf8f6e0b78ea92da96f5dab80ab385cbe5c62fdad Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an obligation under paragraph [470-10-45-11(b)](https://asc.understandingaccounting.org/asc/470/10/#470-10-45-11) is classified as a long-term liability (or, in the case of an unclassified balance sheet, is included as a long-term liability in the disclosure of debt maturities), the circumstances shall be disclosed. #### Subjective Acceleration Clauses ##### [470-10-50-3](https://asc.understandingaccounting.org/asc/470/10/#470-10-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:4c9907bd7df0e1dfdd9ebac34eca435be21fba7e8111688f9a60a00476562494 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As indicated in paragraph [470-10-45-2](https://asc.understandingaccounting.org/asc/470/10/#470-10-45-2), in some situations long-term debt subject to a [subjective acceleration clause](https://asc.understandingaccounting.org/glossary/s/#subjective-acceleration-clause "A subjective acceleration clause is a provision in a debt agreement that states that the creditor may accelerate the scheduled maturities of the obligation under conditions that are not objectively determinable (for example, if the debtor fails to maintain satisfactory operations or if a material adverse change occurs).") shall be reclassified. That paragraph explains that other situations would indicate only disclosure of the existence of such clauses. That paragraph states further that neither reclassification nor disclosure is required if the likelihood of the acceleration of the due date is remote, such as when the lender historically has not accelerated due dates of loans containing similar clauses and the financial condition of the borrower is strong and its prospects are bright. #### Short-Term Obligations Expected to Be Refinanced ##### [470-10-50-4](https://asc.understandingaccounting.org/asc/470/10/#470-10-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:1566dfab24ad40f53ebc7dccd3af64e3558f5ced5ba51f51003455db0bb8b37e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If a short-term obligation is excluded from current liabilities pursuant to the provisions of this Subtopic, the notes to financial statements shall include a general description of the financing agreement and the terms of any new obligation incurred or expected to be incurred or equity securities issued or expected to be issued as a result of a refinancing. #### Summary Disclosure of Securities Outstanding ##### [470-10-50-5](https://asc.understandingaccounting.org/asc/470/10/#470-10-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:e5f42c71606dc5868385e053be57962411b51b1b7408a62c3e602e3a259748eb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [505-10-50-3](https://asc.understandingaccounting.org/asc/505/10/#505-10-50-3) requires that an entity explain, in summary form within its financial statements, the pertinent rights and privileges of various securities outstanding. #### Unused Commitments and Lines of Credit ##### [470-10-50-6](https://asc.understandingaccounting.org/asc/470/10/#470-10-50-6) Pending content: yes Source downloaded (UTC): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:77e3d7a143cfc97fb1efe6af2079ea3a8dca99db8cfaa1351fcac8212c0385ae Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7)An entity shall separately disclose the following in the notes to financial statements: 1. a The amount and terms of unused commitments for long-term financing arrangements (including commitment fees and the conditions under which commitments may be withdrawn) 2. b The amount and terms of unused lines of credit for short-term financing arrangements (including commitment fees and the conditions under which lines may be withdrawn) and the amount of those lines of credit that support commercial paper borrowing arrangements or similar arrangements. #### Weighted-Average Interest Rate on Short-Term Borrowings ##### [470-10-50-7](https://asc.understandingaccounting.org/asc/470/10/#470-10-50-7) Pending content: yes Source downloaded (UTC): 2026-09-10T00:30:35.359Z to 2026-09-10T00:30:35.359Z Record version: sha256:b64771fbcb79d244ada086d1f3794e81817487b50acc2576b03a6ac2da0673f6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7)A [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC.") shall disclose the weighted-average interest rate on short-term borrowings outstanding as of the date of each balance sheet presented.