# ASC 715-20-45: Compensation—Retirement Benefits — Defined Benefit Plans—General — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/715/20/#45-other-presentation-matters) 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): 2026-09-10T00:59:17.524Z to 2026-09-10T00:59:17.524Z Record version: sha256:7bdc32c766c131140f5147f592fd4a4c8c3019da82e067f0e8c09af8cf8f5d9a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-20-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/715/20/#45-other-presentation-matters) SEC content: no #### Entities That Do Not Report Other Comprehensive Income, Other Than Not-for-Profit ##### [715-20-45-1](https://asc.understandingaccounting.org/asc/715/20/#715-20-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:59:17.524Z to 2026-09-10T00:59:17.524Z Record version: sha256:76e028fa7e3c226dbdd549605fdf4b1ed07404302811cc396fe00649d9ea7984 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. #### Classification ##### [715-20-45-2](https://asc.understandingaccounting.org/asc/715/20/#715-20-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:59:17.524Z to 2026-09-10T00:59:17.524Z Record version: sha256:ef3117ca9c3dd4d8f9c1789d8627521f119a42720438f5593c6e6ae06a56ff96 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [715-20-45-3](https://asc.understandingaccounting.org/asc/715/20/#715-20-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:59:17.524Z to 2026-09-10T00:59:17.524Z Record version: sha256:b298216839b65a879d75c4408babd9e18c3ee9dfb1037820fc82191db8e4e329 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [715-20-45-3A](https://asc.understandingaccounting.org/asc/715/20/#715-20-45-3A) Pending content: no Source downloaded (UTC): 2026-09-10T00:59:17.524Z to 2026-09-10T00:59:17.524Z Record version: sha256:ec108bf3a31c2952a1b1fe8b93eda37889c18a270783e903a8e6087c01740a9c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An employer shall report in the income statement: 1. a The service cost component of [net periodic pension cost](https://asc.understandingaccounting.org/glossary/n/#net-periodic-pension-cost "The amount recognized in an employer's financial statements as the cost of a pension plan for a period. Components of net periodic pension cost are service cost, interest cost, actual return on plan assets, gain or loss, amortization of prior service cost or credit, and amortization of the transition asset or obligation existing at the date of initial application of Subtopic 715-30. The term net periodic pension cost is used instead of net pension expense because the service cost component recognized in a period may be capitalized as part of an asset such as inventory.") and [net periodic postretirement benefit cost](https://asc.understandingaccounting.org/glossary/n/#net-periodic-postretirement-benefit-cost "The amount recognized in an employer's financial statements as the cost of a postretirement benefit plan for a period. Components of net periodic postretirement benefit cost include service cost, interest cost, actual return on plan assets, gain or loss, amortization of prior service cost or credit, and amortization of the transition obligation or asset.") 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](https://asc.understandingaccounting.org/asc/715/30/#715-30-35-4) and [715-60-35-9](https://asc.understandingaccounting.org/asc/715/60/#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). ##### [715-20-45-4](https://asc.understandingaccounting.org/asc/715/20/#715-20-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:59:17.524Z to 2026-09-10T00:59:17.524Z Record version: sha256:9cfb59605ca9f99b6ce17f1e7fb117eabfbd546ba339390d7a915c9277d8b413 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2015-01](https://asc.understandingaccounting.org/updates/asu-2015-01/).