{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/715/20/#45-other-presentation-matters","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.","topic":"715","topic_title":"Compensation—Retirement Benefits","subtopic":"715-20","subtopic_title":"Defined Benefit Plans—General","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Entities That Do Not Report Other Comprehensive Income, Other Than Not-for-Profit","paragraphs":[{"citation":"715-20-45-1","para":"45-1","html":"
An employer other than a not-for-profit employer that does not report other comprehensive income pursuant to Topic 220 shall apply the provisions of Sections 958-715-25, 958-715-35, 958-715-45, and 958-715-50 in an analogous manner that is appropriate for its method of reporting financial performance and financial position.
","snippet":"An employer other than a not-for-profit employer that does not report other comprehensive income pursuant to Topic 220 shall apply the provisions of Sections 958-715-25, 958-715-35, 958-715-45, and 958-715-50 in an analo…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76e028fa7e3c226dbdd549605fdf4b1ed07404302811cc396fe00649d9ea7984","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10b5f55d19f820ff9cf89a1f137b9d5815225d5a71215d647e8bef8d37088164","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"block":null,"heading":"Classification","paragraphs":[{"citation":"715-20-45-2","para":"45-2","html":"
An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide separately for pension plans and other postretirement benefit plans the funded status of the plans and the amounts recognized in the statement of financial position, showing separately the assets and current and noncurrent liabilities recognized.
","snippet":"An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide separately for pension plans and other postretirement benefit plans the funded s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ef3117ca9c3dd4d8f9c1789d8627521f119a42720438f5593c6e6ae06a56ff96","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"citation":"715-20-45-3","para":"45-3","html":"
An employer that presents a classified statement of financial position shall classify the liability for an underfunded plan as a current liability, a noncurrent liability, or a combination of both. The current portion (determined on a plan-by-plan basis) is the amount by which the actuarial present value of benefits included in the benefit obligation payable in the next 12 months, or operating cycle if longer, exceeds the fair value of plan assets. The asset for an overfunded plan shall be classified as a noncurrent asset in a classified statement of financial position. The amount classified as a current liability is limited to the amount of the plan's unfunded status recognized in the employer's statement of financial position.
","snippet":"An employer that presents a classified statement of financial position shall classify the liability for an underfunded plan as a current liability, a noncurrent liability, or a combination of both. The current portion (d…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b298216839b65a879d75c4408babd9e18c3ee9dfb1037820fc82191db8e4e329","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"citation":"715-20-45-3A","para":"45-3A","html":"
An employer shall report in the income statement:
  1. a
    The service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period (except for the amount being capitalized, if appropriate, in connection with the production or construction of an asset such as inventory or property, plant, and equipment)
  2. b
    The other components as defined in paragraphs 715-30-35-4 and 715-60-35-9 separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components, that line item or items shall be described appropriately.
For the purpose of applying the guidance in this paragraph, a gain or loss from a settlement or curtailment or the cost of certain termination benefits accounted for under this Topic shall be reported in the same way as the other components in (b).
","snippet":"An employer shall report in the income statement:\n(a) The service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line item or items as other compensation costs arisin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec108bf3a31c2952a1b1fe8b93eda37889c18a270783e903a8e6087c01740a9c","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},{"citation":"715-20-45-4","para":"45-4","html":"
Paragraph superseded by Accounting Standards Update No. 2015-01.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9cfb59605ca9f99b6ce17f1e7fb117eabfbd546ba339390d7a915c9277d8b413","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4eef70e50dbbfb716a34aacfcd87c6062730b63d798cc8a18b62ceb8a1109753","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7bdc32c766c131140f5147f592fd4a4c8c3019da82e067f0e8c09af8cf8f5d9a","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7bdc32c766c131140f5147f592fd4a4c8c3019da82e067f0e8c09af8cf8f5d9a","downloaded_from":"2026-09-10T00:59:17.524Z","last_downloaded_at":"2026-09-10T00:59:17.524Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480535","source_sha256":"aeafee53273ee1b8d75bdedeb83ac5077e284057bee7ac1184f6c78764ccf062"}}