# ASC 470-60-50: Debt — Troubled Debt Restructurings by Debtors — 50 Disclosure

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/470/60/#50-disclosure)

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## ASC 470-60-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/470/60/#50-disclosure)

SEC content: no

##### [470-60-50-1](https://asc.understandingaccounting.org/asc/470/60/#470-60-50-1)

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A debtor shall disclose, either in the body of the financial statements or in the accompanying notes, all of the following information about [troubled debt restructurings](https://asc.understandingaccounting.org/glossary/t/#troubled-debt-restructuring "A restructuring of a debt constitutes a troubled debt restructuring if the creditor for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider.") that have occurred during a period for which financial statements are presented:

1.  a
    
    For each restructuring, a description of the principal changes in terms, the major features of settlement, or both; separate restructurings within a fiscal period for the same category of payables (for example, accounts payable or subordinated debentures) may be grouped for disclosure purposes
    
2.  b
    
    Aggregate gain on restructuring of payables
    
3.  c
    
    Aggregate net gain or loss on transfers of assets recognized during the period (see paragraphs [470-60-35-3](https://asc.understandingaccounting.org/asc/470/60/#470-60-35-3) and [470-60-35-8](https://asc.understandingaccounting.org/asc/470/60/#470-60-35-8))
    
4.  d
    
    Per-share amount of the aggregate gain on restructuring of payables.
    

Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:

[220-40-65-1](https://asc.understandingaccounting.org/asc/220/40/#220-40-65-1)A debtor shall disclose, either in the body of the financial statements or in the accompanying notes, all of the following information about [troubled debt restructurings](https://asc.understandingaccounting.org/glossary/t/#troubled-debt-restructuring "A restructuring of a debt constitutes a troubled debt restructuring if the creditor for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider.") that have occurred during a period for which financial statements are presented:

1.  a
    
    For each restructuring, a description of the principal changes in terms, the major features of settlement, or both; separate restructurings within a fiscal period for the same category of payables (for example, accounts payable or subordinated debentures) may be grouped for disclosure purposes
    
2.  b
    
    Aggregate gain on restructuring of payables
    
3.  c
    
    Aggregate net gain or loss on transfers of assets recognized during the period (see paragraphs [470-60-35-3](https://asc.understandingaccounting.org/asc/470/60/#470-60-35-3) and [470-60-35-8](https://asc.understandingaccounting.org/asc/470/60/#470-60-35-8))
    
4.  d
    
    Per-share amount of the aggregate gain on restructuring of payables.
    

See paragraphs

[220-40-50-21 through 50-25](https://asc.understandingaccounting.org/asc/220/40/#220-40-50-21)

for additional disclosure requirements.

##### [470-60-50-2](https://asc.understandingaccounting.org/asc/470/60/#470-60-50-2)

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A debtor shall disclose in financial statements for periods after a troubled debt restructuring the extent to which amounts contingently payable are included in the [carrying amount](https://asc.understandingaccounting.org/glossary/c/#carrying-amount "For a receivable, the face amount increased or decreased by applicable accrued interest and applicable unamortized premium, discount, finance charges, or issue costs and also an allowance for uncollectible amounts and other valuation accounts.For a payable, the face amount increased or decreased by applicable accrued interest and applicable unamortized premium, discount, finance charges, or issue costs") of restructured payables pursuant to the provisions of paragraph [470-60-35-7](https://asc.understandingaccounting.org/asc/470/60/#470-60-35-7). If required by paragraphs

[450-20-50-1 through 50-6](https://asc.understandingaccounting.org/asc/450/20/#450-20-50-1)

and

[450-20-50-9 through 50-10](https://asc.understandingaccounting.org/asc/450/20/#450-20-50-9)

, a debtor shall also disclose in those financial statements total amounts that are contingently payable on restructured payables and the conditions under which those amounts would become payable or would be forgiven.