{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/715/20/","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.","number":"715-20","topic":"715","title":"Defined Benefit Plans—General","area":"Expenses","paragraphs":54,"summary":"ASC 715-20 governs the presentation and disclosure requirements for single-employer defined benefit pension and other postretirement benefit (OPEB) plans, and it confirms that a cash balance plan is a defined benefit plan. It requires employers to disclose, separately for pension and OPEB plans, reconciliations of the benefit obligation and plan assets, funded status and where it is recognized on the balance sheet, plan asset fair value information by class, weighted-average assumptions, expected future benefit payments and contributions, and amounts in AOCI not yet recognized in net periodic benefit cost. On the face of the income statement, only the service cost component goes with other compensation cost; all other components must be presented separately and outside any subtotal of income from operations.","concepts":["defined benefit pension plan","other postretirement benefit plan","funded status","net periodic benefit cost","service cost component","projected benefit obligation","plan assets fair value hierarchy","cash balance plan"],"categories":["Disclosure","Presentation","Compensation and benefits","Fair value"],"level":"intermediate","topic_title":"Compensation—Retirement Benefits","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-20-00-1","para":"00-1","html":"
The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Cash EquivalentsAddedAccounting Standards Update No. 2014-0603/14/2014
Conduit Debt SecurityAddedMaintenance Update 2014-20 (PDF)09/29/2014
Net Periodic Pension CostAmendedAccounting Standards Update No. 2017-0703/10/2017
Nonpublic Entity (1st Def.)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Nonpublic Entity (3rd Def.)AmendedMaintenance Update 2014-20 (PDF)09/29/2014
Public Business EntityAmendedMaintenance Update 2017-06 (PDF)04/07/2017
Public Business EntityAddedAccounting Standards Update No. 2017-0703/10/2017
715-20-05-1 through 05-3
AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-25-1 through 25-4
AddedAccounting Standards Update No. 2020-1010/29/2020
715-20-45-3AAddedAccounting Standards Update No. 2017-0703/10/2017
715-20-45-4SupersededAccounting Standards Update No. 2015-0101/09/2015
715-20-50-1AmendedAccounting Standards Update No. 2024-0311/04/2024
715-20-50-1AmendedMaintenance Update 2018-12 (PDF)09/10/2018
715-20-50-1AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-50-1AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-50-1AmendedAccounting Standards Update No. 2015-0705/01/2015
715-20-50-1AmendedAccounting Standards Update No. 2015-0404/15/2015
715-20-50-1AmendedAccounting Standards Update No. 2014-0603/14/2014
715-20-50-1AmendedAccounting Standards Update No. 2011-0405/12/2011
715-20-50-1AmendedAccounting Standards Update No. 2010-0601/21/2010
715-20-50-2AmendedAccounting Standards Update No. 2012-0410/01/2012
715-20-50-3AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-50-5AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-50-5AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-50-5AmendedAccounting Standards Update No. 2015-0705/01/2015
715-20-50-5AmendedAccounting Standards Update No. 2015-0404/15/2015
715-20-50-5AmendedAccounting Standards Update No. 2011-0405/12/2011
715-20-50-5AmendedAccounting Standards Update No. 2010-0601/21/2010
715-20-50-6AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-50-9SupersededAccounting Standards Update No. 2018-1408/28/2018
715-20-50-10SupersededAccounting Standards Update No. 2018-1408/28/2018
715-20-55-8AmendedMaintenance Update 2014-23 (PDF)11/03/2014
715-20-55-10AmendedMaintenance Update 2014-23 (PDF)11/03/2014
715-20-55-13AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-55-15 through 55-17
AmendedAccounting Standards Update No. 2018-1408/28/2018
715-20-55-17AmendedMaintenance Update 2018-12 (PDF)09/10/2018
715-20-55-17AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-55-17AmendedAccounting Standards Update No. 2010-0601/21/2010
715-20-55-18AmendedAccounting Standards Update No. 2017-0703/10/2017
715-20-65-1SupersededMaintenance Update 2014-23 (PDF)11/03/2014
715-20-65-3AddedAccounting Standards Update No. 2017-0703/10/2017
715-20-65-4AddedAccounting Standards Update No. 2018-1408/28/2018
","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nCash Equivalents | Added | Accounting Standards Update No. 2014-06 | 03/14/2014 |\nCondui…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efd234e9d1cb6c00420df692966ff4a07b69382478a2c11aa24b0895db561655","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:02.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480688","source_sha256":"850fa70061327197eb538bd8848b5dac4c97d4b6fbab2f84d58e5e74b95e47a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:751808a15aea019e49132a019c94da355bfc32068e7e9c5de425e92159189ddc","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:02.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480688","source_sha256":"850fa70061327197eb538bd8848b5dac4c97d4b6fbab2f84d58e5e74b95e47a1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:14687cff2a4d8b7b4a13864fceb4fc267c8729e2065bc2424106a8125fa1f063","downloaded_from":"2026-09-10T00:59:02.764Z","last_downloaded_at":"2026-09-10T00:59:02.764Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480688","source_sha256":"850fa70061327197eb538bd8848b5dac4c97d4b6fbab2f84d58e5e74b95e47a1"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-20-05-1","para":"05-1","html":"
This Subtopic provides guidance on the disclosure and other accounting and reporting requirements related to single-employer defined benefit pension and other postretirement benefit plans.
  1. a
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2017-07.
","snippet":"This Subtopic provides guidance on the disclosure and other accounting and reporting requirements related to single-employer defined benefit pension and other postretirement benefit plans.\n(a) Subparagraph superseded by …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e02a2709d45a3767e37ff2c873662a9fb2caaf50b6b1dbbb57b18eeb27f8800d","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}},{"citation":"715-20-05-2","para":"05-2","html":"
This Subtopic addresses:
  1. a
    The content and organization of annual disclosures about defined benefit pension plans and other postretirement benefits
  2. b
    Disclosures required for interim-period financial reports.
  3. c
    Presentation matters about defined benefit pension and other postretirement benefit plans.
","snippet":"This Subtopic addresses:\n(a) The content and organization of annual disclosures about defined benefit pension plans and other postretirement benefits\n(b) Disclosures required for interim-period financial reports.\n(c) Pre…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0a3c033da07bec702fb2e30fd227dfad29d69796be074f5a1d87600e297cf0f","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}},{"citation":"715-20-05-3","para":"05-3","html":"
An employer that sponsors one or more defined benefit pension or other postretirement benefit plans is required to provide the information called for in Section 715-20-50 separately for pension plans and other postretirement benefit plans.
","snippet":"An employer that sponsors one or more defined benefit pension or other postretirement benefit plans is required to provide the information called for in Section 715-20-50 separately for pension plans and other postretire…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2b6953ca2aefd06b2ceaed06935cf16b58cccd3c088e52c3bf601ca9704d584","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff728079533c5a5a79aaac7618101a3cfaa58eaabc2510f4eae2e3a88d87984c","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e514fe73f6b67377bcfce57f4fd62a11d124a408d53ce00e863e045fec86f9fb","downloaded_from":"2026-09-10T00:59:05.058Z","last_downloaded_at":"2026-09-10T00:59:05.058Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480655","source_sha256":"dec88b6aecff6fa02cdefac23d94372d071e98a52fc0efaae4d4ed4979d4fca5"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"715-20-15-1","para":"15-1","html":"
This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific transaction qualifications noted below.
","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 715-10-15, with specific transaction qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:acc687720b2ef50b2a4ac8768e95d0782e393d256c44a836dae2860802c77162","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b98e882f2d6bea4c3ef84d5a92066bf5020e1dacbfa2f6a6996aba334e56789e","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"715-20-15-2","para":"15-2","html":"
The guidance in this Subtopic applies to all single-employer defined benefit pension or other postretirement benefit plans.
","snippet":"The guidance in this Subtopic applies to all single-employer defined benefit pension or other postretirement benefit plans.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f0a871266aba72b60678674bb15ad14e8e66a823398e38b44674c227bea606a","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1e35d4b57f3dd9e3ab2ee36d6fc354ef7489c7103aabc65ecb007ba9745144d0","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fe1e78d240a5302e42a7c8836f06287f55bafd13d3b6413fb6819407013c31b7","downloaded_from":"2026-09-10T00:59:07.344Z","last_downloaded_at":"2026-09-10T00:59:07.344Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480623","source_sha256":"60dc3a89591a750ec15ceb22ca3213b9096022c271d8b8b4df980ff85180587b"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Cash Balance Plans","paragraphs":[{"citation":"715-20-25-1","para":"25-1","html":"
A cash balance plan is a defined benefit plan.
","snippet":"A cash balance plan is a defined benefit plan.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f55ae00237caaf6d505d3cbf82d6f3491a41f746e5764b95f80617fc21390496","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"citation":"715-20-25-2","para":"25-2","html":"
A cash balance plan communicates to employees a pension benefit in the form of a current account balance that is based on principal credits and future interest credits based on those principal credits.
","snippet":"A cash balance plan communicates to employees a pension benefit in the form of a current account balance that is based on principal credits and future interest credits based on those principal credits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55cfba106175800958bcc90f144393d0c5aa75db2b5286655cd0a73cf4cf6457","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"citation":"715-20-25-3","para":"25-3","html":"
In a cash balance plan, individual account balances are determined by reference to a hypothetical account rather than specific assets, and the benefit is dependent on the employer's promised interest-crediting rate, not the actual return on plan assets. The employer's financial obligation to the plan is not satisfied by making prescribed principal and interest credit contributions—whether in cash or as a hypothetical contribution to participants' accounts—for the period; rather, the employer must fund, over time, amounts that can accumulate to the actuarial present value of the benefit due at the time of distribution to each participant pursuant to the plan's terms. The employer's contributions to a cash balance plan trust and the earnings on the invested plan assets may be unrelated to the principal and interest credits to participants' hypothetical accounts.
","snippet":"In a cash balance plan, individual account balances are determined by reference to a hypothetical account rather than specific assets, and the benefit is dependent on the employer's promised interest-crediting rate, not …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e10ef9dfac7e021f5687110518d42e5953ee7191de4c00d43fe7bcf97678a6ad","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"citation":"715-20-25-4","para":"25-4","html":"
The determination of whether a plan is pay-related and the appropriate benefit attribution approach for a cash balance plan with other characteristics or for other types of defined benefit pension plans depend on an evaluation of the specific features of those benefit arrangements. See paragraphs
715-30-35-36 through 35-39
,
715-30-55-7 through 55-15
, and 715-30-55-127A (Example 8) for guidance on attribution approaches.
","snippet":"The determination of whether a plan is pay-related and the appropriate benefit attribution approach for a cash balance plan with other characteristics or for other types of defined benefit pension plans depend on an eval…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5116facd8ebfe5bdee6a5e9c86592e08e6944e1bc83468f87faed7b5e253b269","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a16ab1cb436c1f66aefd341b07c73544f6cf631ea6a4e2807043a5ecc62b14a6","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:59b0a8c350048107dc705eccf2763709691e50c08511717abefac84607633602","downloaded_from":"2026-09-10T00:59:13.244Z","last_downloaded_at":"2026-09-10T00:59:13.244Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480565","source_sha256":"b572806a99d56ae5927e29d8ba2a81a9d352829dee5e70b11e3e36a1d7983a55"}},{"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"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Disclosures by Public Entities","paragraphs":[{"citation":"715-20-50-1","para":"50-1","html":"
An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide the following information, separately for pension plans and other postretirement benefit plans. Amounts related to the employer's results of operations shall be disclosed for each period for which a statement of income is presented. Amounts related to the employer's statement of financial position shall be disclosed as of the date of each statement of financial position presented. All of the following shall be disclosed:
  1. a
    A reconciliation of beginning and ending balances of the benefit obligation showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Service cost
    2. 2
      Interest cost
    3. 3
      Contributions by plan participants
    4. 4
      Actuarial gains and losses
    5. 5
      Foreign currency exchange rate changes (The effects of foreign currency exchange rate changes that are to be disclosed are those applicable to plans of a foreign operation whose functional currency is not the reporting currency pursuant to Section 830-10-45.)
    6. 6
      Benefits paid
    7. 7
      Plan amendments
    8. 8
      Business combinations
    9. 9
      Divestitures
    10. 10
      Curtailments, settlements, and special and contractual termination benefits.
    For defined benefit pension plans, the benefit obligation is the projected benefit obligation. For defined benefit other postretirement plans, the benefit obligation is the accumulated postretirement benefit obligation.
  2. b
    A reconciliation of beginning and ending balances of the fair value of plan assets showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Actual return on plan assets
    2. 2
      Foreign currency exchange rate changes (see (a)(5))
    3. 3
      Contributions by the employer
    4. 4
      Contributions by plan participants
    5. 5
      Benefits paid
    6. 6
      Business combinations
    7. 7
      Divestitures
    8. 8
      Settlements.
  3. c
    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.
  4. d
    The objectives of the disclosures about postretirement benefit plan assets are to provide users of financial statements with an understanding of:
    1. 1
      How investment allocation decisions are made, including the factors that are pertinent to an understanding of investment policies and strategies
    2. 2
      The classes of plan assets
    3. 3
      The inputs and valuation techniques used to measure the fair value of plan assets
    4. 4
      The effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the period
    5. 5
      Significant concentrations of risk within plan assets.
      An employer shall consider those overall objectives in providing the following information about plan assets:
      1. i
        A narrative description of investment policies and strategies, including target allocation percentages or range of percentages considering the classes of plan assets disclosed pursuant to (ii) below, as of the latest statement of financial position presented (on a weighted-average basis for employers with more than one plan), and other factors that are pertinent to an understanding of those policies and strategies such as investment goals, risk management practices, permitted and prohibited investments including the use of derivatives, diversification, and the relationship between plan assets and benefit obligations. For investment funds disclosed as classes as described in (ii) below, a description of the significant investment strategies of those funds shall be provided.
      2. ii
        The fair value of each class of plan assets as of each date for which a statement of financial position is presented. For additional guidance on determining appropriate classes of plan assets, see paragraph 820-10-50-2B. Examples of classes of assets could include, but are not limited to, the following: cash and cash equivalents; equity securities (segregated by industry type, company size, or investment objective); debt securities issued by national, state, and local governments; corporate debt securities; asset-backed securities; structured debt; derivatives on a gross basis (segregated by type of underlying risk in the contract, for example, interest rate contracts, foreign exchange contracts, equity contracts, commodity contracts, credit contracts, and other contracts); investment funds (segregated by type of fund); and real estate. Those examples are not meant to be all inclusive. An employer should consider the overall objectives in paragraph 715-20-50-1(d)(1) through (5) in determining whether additional classes of plan assets or further disaggregation of classes should be disclosed. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all the classes of plan assets to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
        • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
      3. iii
        A narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption, such as the general approach used, the extent to which the overall rate-of-return-on-assets assumption was based on historical returns, the extent to which adjustments were made to those historical returns in order to reflect expectations of future returns, and how those adjustments were determined. The description should consider the classes of assets as described in (ii) above, as appropriate.
      4. iv
        Information that enables users of financial statements to assess the inputs and valuation techniques used to develop fair value measurements of plan assets at the reporting date. For fair value measurements using significant unobservable inputs, an employer shall disclose the effect of the measurements on changes in plan assets for the period. To meet those objectives, the employer shall disclose the following information for each class of plan assets disclosed pursuant to (ii) above for each annual period:
        1. 01
          The level of the fair value hierarchy within which the fair value measurements are categorized in their entirety, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). The guidance in paragraphs 820-10-35-37 through 35-37A is applicable. Investments for which fair value is measured using the net asset value per share (or its equivalent) practical expedient in paragraph 820-10-35-59 shall not be categorized within the fair value hierarchy, as noted by paragraph 820-10-35-54B. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all plan assets in the fair value hierarchy to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
          • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
        2. 02
          For fair value measurements of plan assets using significant unobservable inputs (Level 3), a reconciliation from the opening balances to the closing balances, disclosing separately changes during the period attributable to the following:
          1. A
            Actual Return on Plan Assets (Component of Net Periodic Postretirement Benefit Cost) or Actual Return on Plan Assets (Component of Net Periodic Pension Cost), separately identifying the amount related to assets still held at the reporting date and the amount related to assets sold during the period
          2. B
            Purchases, sales, and settlements, net
          3. C
            The amounts of any transfers into or out of Level 3 (for example, transfers due to changes in the observability of significant inputs).
        3. 03
          Information about the valuation technique(s) and inputs used to measure fair value and a discussion of changes in valuation techniques and inputs, if any, during the period.
  5. e
    For defined benefit pension plans, the accumulated benefit obligation.
  6. f
    The benefits (as of the date of the latest statement of financial position presented) expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. The expected benefits shall be estimated based on the same assumptions used to measure the entity's benefit obligation at the end of the year and shall include benefits attributable to estimated future employee service.
  7. g
    The employer's best estimate, as soon as it can reasonably be determined, of contributions expected to be paid to the plan during the next fiscal year beginning after the date of the latest statement of financial position presented. Estimated contributions may be presented in the aggregate combining all of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
  8. h
    The amount of net benefit cost recognized, showing separately all of the following:
    1. 1
      The service cost component
    2. 2
      The interest cost component
    3. 3
      The expected return on plan assets for the period
    4. 4
      The gain or loss component
    5. 5
      The prior service cost or credit component
    6. 6
      The transition asset or obligation component
    7. 7
      The gain or loss recognized due to settlements or curtailments.
    The line item(s) used in the income statement to present the components other than the service cost component shall be disclosed if the other components are not presented in a separate line item or items in the income statement.
  9. i
    Separately the net gain or loss and net prior service cost or credit recognized in other comprehensive income for the period pursuant to paragraphs 715-30-35-11, 715-30-35-21, 715-60-35-16, and 715-60-35-25, and reclassification adjustments of other comprehensive income for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.
  10. j
    The amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost, showing separately the net gain or loss, net prior service cost or credit, and net transition asset or obligation.
  11. k
    On a weighted-average basis, all of the following assumptions used in the accounting for the plans, specifying in a tabular format, the assumptions used to determine the benefit obligation and the assumptions used to determine net benefit cost:
    1. 1
      Discount rates (see paragraph 715-30-35-45 for a discussion of representationally faithful disclosure)
    2. 2
      Rates of compensation increase (for pay-related plans)
    3. 3
      Expected long-term rates of return on plan assets.
    4. 4
      Interest crediting rates (for cash balance plans and other plans with promised interest crediting rates).
  12. l
    The assumed health care cost trend rate(s) for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges), and a general description of the direction and pattern of change in the assumed trend rates thereafter, together with the ultimate trend rate(s) and when that rate is expected to be achieved.
  13. m
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  14. n
    If applicable, the amounts and types of securities of the employer and related parties included in plan assets.
  15. o
    If applicable, any alternative method used to amortize prior service amounts or net gains and losses pursuant to paragraphs 715-30-35-13 and 715-30-35-25 or 715-60-35-18 and 715-60-35-31.
  16. p
    If applicable, any substantive commitment, such as past practice or a history of regular benefit increases, used as the basis for accounting for the benefit obligation.
  17. q
    If applicable, the cost of providing special or contractual termination benefits recognized during the period and a description of the nature of the event.
  18. r
    An explanation of the following information:
    1. 1
      The reasons for significant gains and losses related to changes in the defined benefit obligation for the period
    2. 2
      Any other significant change in the benefit obligation or plan assets not otherwise apparent in the other disclosures required by this Subtopic.
  19. s
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  20. t
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  21. u
    If applicable, the accounting policy election to measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the month-end measurement date.
Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance:
220-40-65-1An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide the following information, separately for pension plans and other postretirement benefit plans. Amounts related to the employer's results of operations shall be disclosed for each period for which a statement of income is presented. Amounts related to the employer's statement of financial position shall be disclosed as of the date of each statement of financial position presented. All of the following shall be disclosed:
  1. a
    A reconciliation of beginning and ending balances of the benefit obligation showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Service cost
    2. 2
      Interest cost
    3. 3
      Contributions by plan participants
    4. 4
      Actuarial gains and losses
    5. 5
      Foreign currency exchange rate changes (The effects of foreign currency exchange rate changes that are to be disclosed are those applicable to plans of a foreign operation whose functional currency is not the reporting currency pursuant to Section 830-10-45.)
    6. 6
      Benefits paid
    7. 7
      Plan amendments
    8. 8
      Business combinations
    9. 9
      Divestitures
    10. 10
      Curtailments, settlements, and special and contractual termination benefits.
    For defined benefit pension plans, the benefit obligation is the projected benefit obligation. For defined benefit other postretirement plans, the benefit obligation is the accumulated postretirement benefit obligation.
  2. b
    A reconciliation of beginning and ending balances of the fair value of plan assets showing separately, if applicable, the effects during the period attributable to each of the following:
    1. 1
      Actual return on plan assets
    2. 2
      Foreign currency exchange rate changes (see (a)(5))
    3. 3
      Contributions by the employer
    4. 4
      Contributions by plan participants
    5. 5
      Benefits paid
    6. 6
      Business combinations
    7. 7
      Divestitures
    8. 8
      Settlements.
  3. c
    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.
  4. d
    The objectives of the disclosures about postretirement benefit plan assets are to provide users of financial statements with an understanding of:
    1. 1
      How investment allocation decisions are made, including the factors that are pertinent to an understanding of investment policies and strategies
    2. 2
      The classes of plan assets
    3. 3
      The inputs and valuation techniques used to measure the fair value of plan assets
    4. 4
      The effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the period
    5. 5
      Significant concentrations of risk within plan assets.
      An employer shall consider those overall objectives in providing the following information about plan assets:
      1. i
        A narrative description of investment policies and strategies, including target allocation percentages or range of percentages considering the classes of plan assets disclosed pursuant to (ii) below, as of the latest statement of financial position presented (on a weighted-average basis for employers with more than one plan), and other factors that are pertinent to an understanding of those policies and strategies such as investment goals, risk management practices, permitted and prohibited investments including the use of derivatives, diversification, and the relationship between plan assets and benefit obligations. For investment funds disclosed as classes as described in (ii) below, a description of the significant investment strategies of those funds shall be provided.
      2. ii
        The fair value of each class of plan assets as of each date for which a statement of financial position is presented. For additional guidance on determining appropriate classes of plan assets, see paragraph 820-10-50-2B. Examples of classes of assets could include, but are not limited to, the following: cash and cash equivalents; equity securities (segregated by industry type, company size, or investment objective); debt securities issued by national, state, and local governments; corporate debt securities; asset-backed securities; structured debt; derivatives on a gross basis (segregated by type of underlying risk in the contract, for example, interest rate contracts, foreign exchange contracts, equity contracts, commodity contracts, credit contracts, and other contracts); investment funds (segregated by type of fund); and real estate. Those examples are not meant to be all inclusive. An employer should consider the overall objectives in paragraph 715-20-50-1(d)(1) through (5) in determining whether additional classes of plan assets or further disaggregation of classes should be disclosed. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all the classes of plan assets to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
        • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
      3. iii
        A narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption, such as the general approach used, the extent to which the overall rate-of-return-on-assets assumption was based on historical returns, the extent to which adjustments were made to those historical returns in order to reflect expectations of future returns, and how those adjustments were determined. The description should consider the classes of assets as described in (ii) above, as appropriate.
      4. iv
        Information that enables users of financial statements to assess the inputs and valuation techniques used to develop fair value measurements of plan assets at the reporting date. For fair value measurements using significant unobservable inputs, an employer shall disclose the effect of the measurements on changes in plan assets for the period. To meet those objectives, the employer shall disclose the following information for each class of plan assets disclosed pursuant to (ii) above for each annual period:
        1. 01
          The level of the fair value hierarchy within which the fair value measurements are categorized in their entirety, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). The guidance in paragraphs 820-10-35-37 through 35-37A is applicable. Investments for which fair value is measured using the net asset value per share (or its equivalent) practical expedient in paragraph 820-10-35-59 shall not be categorized within the fair value hierarchy, as noted by paragraph 820-10-35-54B. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all plan assets in the fair value hierarchy to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
          • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
        2. 02
          For fair value measurements of plan assets using significant unobservable inputs (Level 3), a reconciliation from the opening balances to the closing balances, disclosing separately changes during the period attributable to the following:
          1. A
            Actual Return on Plan Assets (Component of Net Periodic Postretirement Benefit Cost) or Actual Return on Plan Assets (Component of Net Periodic Pension Cost), separately identifying the amount related to assets still held at the reporting date and the amount related to assets sold during the period
          2. B
            Purchases, sales, and settlements, net
          3. C
            The amounts of any transfers into or out of Level 3 (for example, transfers due to changes in the observability of significant inputs).
        3. 03
          Information about the valuation technique(s) and inputs used to measure fair value and a discussion of changes in valuation techniques and inputs, if any, during the period.
  5. e
    For defined benefit pension plans, the accumulated benefit obligation.
  6. f
    The benefits (as of the date of the latest statement of financial position presented) expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. The expected benefits shall be estimated based on the same assumptions used to measure the entity's benefit obligation at the end of the year and shall include benefits attributable to estimated future employee service.
  7. g
    The employer's best estimate, as soon as it can reasonably be determined, of contributions expected to be paid to the plan during the next fiscal year beginning after the date of the latest statement of financial position presented. Estimated contributions may be presented in the aggregate combining all of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
  8. h
    The amount of net benefit cost recognized, showing separately all of the following:
    1. 1
      The service cost component
    2. 2
      The interest cost component
    3. 3
      The expected return on plan assets for the period
    4. 4
      The gain or loss component
    5. 5
      The prior service cost or credit component
    6. 6
      The transition asset or obligation component
    7. 7
      The gain or loss recognized due to settlements or curtailments.
    The line item(s) used in the income statement to present the components other than the service cost component shall be disclosed if the other components are not presented in a separate line item or items in the income statement. See paragraphs
    220-40-50-21 through 50-25
    for additional disclosure requirements.
  9. i
    Separately the net gain or loss and net prior service cost or credit recognized in other comprehensive income for the period pursuant to paragraphs 715-30-35-11, 715-30-35-21, 715-60-35-16, and 715-60-35-25, and reclassification adjustments of other comprehensive income for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.
  10. j
    The amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost, showing separately the net gain or loss, net prior service cost or credit, and net transition asset or obligation.
  11. k
    On a weighted-average basis, all of the following assumptions used in the accounting for the plans, specifying in a tabular format, the assumptions used to determine the benefit obligation and the assumptions used to determine net benefit cost:
    1. 1
      Discount rates (see paragraph 715-30-35-45 for a discussion of representationally faithful disclosure)
    2. 2
      Rates of compensation increase (for pay-related plans)
    3. 3
      Expected long-term rates of return on plan assets.
    4. 4
      Interest crediting rates (for cash balance plans and other plans with promised interest crediting rates).
  12. l
    The assumed health care cost trend rate(s) for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges), and a general description of the direction and pattern of change in the assumed trend rates thereafter, together with the ultimate trend rate(s) and when that rate is expected to be achieved.
  13. m
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  14. n
    If applicable, the amounts and types of securities of the employer and related parties included in plan assets.
  15. o
    If applicable, any alternative method used to amortize prior service amounts or net gains and losses pursuant to paragraphs 715-30-35-13 and 715-30-35-25 or 715-60-35-18 and 715-60-35-31.
  16. p
    If applicable, any substantive commitment, such as past practice or a history of regular benefit increases, used as the basis for accounting for the benefit obligation.
  17. q
    If applicable, the cost of providing special or contractual termination benefits recognized during the period and a description of the nature of the event.
  18. r
    An explanation of the following information:
    1. 1
      The reasons for significant gains and losses related to changes in the defined benefit obligation for the period
    2. 2
      Any other significant change in the benefit obligation or plan assets not otherwise apparent in the other disclosures required by this Subtopic.
  19. s
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  20. t
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  21. u
    If applicable, the accounting policy election to measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the month-end measurement date.
","snippet":"An employer that sponsors one or more defined benefit pension plans or one or more defined benefit other postretirement plans shall provide the following information, separately for pension plans and other postretirement…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a295322a9b0ea8e405aa4bfe93024c83784a671e2ac7c11a9f6d1b10e712188","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e0eb883438ada956786ed95a7a74b107e83742cd54e61ec7c9df49c1fd5419b9","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Entities (Public and Nonpublic) with Two or More Plans","paragraphs":[{"citation":"715-20-50-2","para":"50-2","html":"
The disclosures required by this Subtopic shall be aggregated for all of an employer's defined benefit pension plans and for all of an employer's other defined benefit postretirement plans unless disaggregating in groups is considered to provide useful information or is otherwise required by the following paragraph and paragraph 715-20-50-4.
","snippet":"The disclosures required by this Subtopic shall be aggregated for all of an employer's defined benefit pension plans and for all of an employer's other defined benefit postretirement plans unless disaggregating in groups…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1f1e7308a51044228328187deb8bd4c94cda626410e46198d4c815e58fbf007b","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"citation":"715-20-50-3","para":"50-3","html":"
If aggregate disclosures are presented, an employer shall disclose, as of the date of each statement of financial position presented, both of the following:
  1. a
    For pension plans, the projected benefit obligation and fair value of plan assets for plans with projected benefit obligations in excess of plan assets, and the accumulated benefit obligation and fair value of plan assets for plans with accumulated benefit obligations in excess of plan assets
  2. b
    For other postretirement benefit plans, the accumulated postretirement benefit obligation and fair value of plan assets for plans with accumulated postretirement benefit obligations in excess of plan assets.
","snippet":"If aggregate disclosures are presented, an employer shall disclose, as of the date of each statement of financial position presented, both of the following:\n(a) For pension plans, the projected benefit obligation and fai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:198c05edc705d3cbbec806d1997ba09b0345e51754aaeb5de7ed4eca0ffaa6aa","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"citation":"715-20-50-4","para":"50-4","html":"
A U.S. reporting entity may combine disclosures about pension plans or other postretirement benefit plans outside the United States with those for U.S. plans unless the benefit obligations of the plans outside the United States are significant relative to the total benefit obligation and those plans use significantly different assumptions. A foreign reporting entity that prepares financial statements in conformity with U.S. generally accepted accounting principles (GAAP) shall apply the preceding guidance to its domestic and foreign plans.
","snippet":"A U.S. reporting entity may combine disclosures about pension plans or other postretirement benefit plans outside the United States with those for U.S. plans unless the benefit obligations of the plans outside the United…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3fbd08059b45898864701b00f1055ef993dc82cbe244d107057860aadb836304","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:814a9fa3dc9ecb5978989339482aec582add69bf7d306346db67b7fb307d89d9","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Disclosures by Nonpublic Entities","paragraphs":[{"citation":"715-20-50-5","para":"50-5","html":"
A nonpublic entity is not required to disclose the information required by paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (q), and 715-20-50-1(r)(2). A nonpublic entity that sponsors one or more defined benefit pension plans or one or more other defined benefit postretirement plans shall provide all of the following information, separately for pension plans and other postretirement benefit plans. Amounts related to the employer's results of operations shall be disclosed for each period for which a statement of income is presented. Amounts related to the employer's statement of financial position shall be disclosed as of the date of each statement of financial position presented.
  1. a
    The benefit obligation, fair value of plan assets, and funded status of the plan.
  2. b
    Employer contributions, participant contributions, and benefits paid.
  3. c
    The objectives of the disclosures about postretirement benefit plan assets are to provide users of financial statements with an understanding of:
    1. 1
      How investment allocation decisions are made, including the factors that are pertinent to an understanding of investment policies and strategies
    2. 2
      The classes of plan assets
    3. 3
      The inputs and valuation techniques used to measure the fair value of plan assets
    4. 4
      The effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets for the period
    5. 5
      Significant concentrations of risk within plan assets.
      An employer shall consider those overall objectives in providing the following information about plan assets:
      1. i
        A narrative description of investment policies and strategies, including target allocation percentages or range of percentages considering the classes of plan assets disclosed pursuant to (ii) below, as of the latest statement of financial position presented (on a weighted-average basis for employers with more than one plan), and other factors that are pertinent to an understanding of those policies and strategies such as investment goals, risk management practices, permitted and prohibited investments including the use of derivatives, diversification, and the relationship between plan assets and benefit obligations. For investment funds disclosed as classes as described in (ii) below, a description of the significant investment strategies of those funds shall be provided.
      2. ii
        The fair value of each class of plan assets as of each date for which a statement of financial position is presented. For additional guidance on determining appropriate classes of plan assets, see paragraph 820-10-50-2B. Examples of classes of assets could include, but are not limited to, the following: cash and cash equivalents; equity securities (segregated by industry type, company size, or investment objective); debt securities issued by national, state, and local governments; corporate debt securities; asset-backed securities; structured debt; derivatives on a gross basis (segregated by type of underlying risk in the contract, for example, interest rate contracts, foreign exchange contracts, equity contracts, commodity contracts, credit contracts, and other contracts); investment funds (segregated by type of fund); and real estate. Those examples are not meant to be all inclusive. An employer should consider the overall objectives in paragraph 715-20-50-5(c)(1) through (5) in determining whether additional classes of plan assets or further disaggregation of classes should be disclosed. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all the classes of plan assets to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
        • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
      3. iii
        A narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption, such as the general approach used, the extent to which the overall rate-of-return-on-assets assumption was based on historical returns, the extent to which adjustments were made to those historical returns in order to reflect expectations of future returns, and how those adjustments were determined. The description should consider the classes of assets described in (ii) above, as appropriate.
      4. iv
        Information that enables users of financial statements to assess the inputs and valuation techniques used to develop fair value measurements of plan assets at the reporting date. For fair value measurements using significant unobservable inputs, an employer shall disclose the effect of the measurements on changes in plan assets for the period. To meet those objectives, the employer shall disclose the following information for each class of plan assets disclosed pursuant to (ii) above for each annual period:
        1. 01
          The level of the fair value hierarchy within which the fair value measurements are categorized in their entirety, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). The guidance in paragraphs 820-10-35-37 through 35-37A is applicable. Investments for which fair value is measured using the net asset value per share (or its equivalent) practical expedient in paragraph 820-10-35-59 shall not be categorized within the fair value hierarchy, as noted by paragraph 820-10-35-54B. If an employer determines the measurement date of plan assets in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the employer contributes assets to the plan between the measurement date and its fiscal year-end, the employer shall not adjust the fair value of each class of plan assets for the effects of the contribution. Instead, the employer shall disclose the amount of the contribution to permit reconciliation of the total fair value of all plan assets in the fair value hierarchy to the ending balance of the fair value of plan assets. For example, the contribution could be disclosed as follows:
          • Fair Value Measurements at \"February 3, 20X5 (in thousands)\" Asset Class Total \"Quoted Prices in Active Markets for Identical Assets (Level 1)\" \"Significant Observable Inputs (Level 2)\" \"Significant Unobservable Inputs (Level 3)\" Cash \" $14,770 \" \" $14,770 \" $- $- Equity securities: U.S. companies \" 41,200 \" \" 37,000 \" \" 1,200 \" \" 3,000 \" International companies \" 32,900 \" \" 24,000 \" \" 7,600 \" \" 1,300 \" Mortgage-backed securities \" 13,335 \" - \" 12,780 \" 555 Assets at fair value at measurement date of 1/31/20X5 \" 102,205 \" \" $75,770 \" \" $21,580 \" \" $4,855 \" Contributions after measurement date \" 25,000 \" Total assets reported at 2/3/20X5 \" $127,205 \"
        2. 02
          For fair value measurements of plan assets using significant unobservable inputs (Level 3), the amounts of purchases and any transfers into or out of Level 3 (for example, transfers due to changes in the observability of significant inputs), disclosed separately.
          1. A
            Subparagraph superseded by Accounting Standards Update No. 2018-14.
          2. B
            Subparagraph superseded by Accounting Standards Update No. 2018-14.
          3. C
            Subparagraph superseded by Accounting Standards Update No. 2018-14.
        3. 03
          Information about the valuation technique(s) and inputs used to measure fair value and a discussion of changes in valuation techniques and inputs, if any, during the period.
  4. d
    For defined benefit pension plans, the accumulated benefit obligation.
  5. e
    The benefits (as of the date of the latest statement of financial position presented) expected to be paid in each of the next five fiscal years, and in the aggregate for the five fiscal years thereafter. The expected benefits shall be estimated based on the same assumptions used to measure the entity's benefit obligation at the end of the year and shall include benefits attributable to estimated future employee service.
  6. f
    The employer's best estimate, as soon as it can reasonably be determined, of contributions expected to be paid to the plan during the next fiscal year beginning after the date of the latest statement of financial position presented. Estimated contributions may be presented in the aggregate combining any of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
  7. g
    The amounts recognized in the statements of financial position, showing separately the postretirement benefit assets and current and noncurrent postretirement benefit liabilities.
  8. h
    Separately, the net gain or loss and net prior service cost or credit recognized in other comprehensive income for the period pursuant to paragraphs 715-30-35-11, 715-30-35-21, 715-60-35-16, and 715-60-35-25 and reclassification adjustments of other comprehensive income for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.
  9. i
    The amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost, showing separately the net gain or loss, net prior service cost or credit, and net transition asset or obligation.
  10. j
    On a weighted-average basis, all of the following assumptions used in the accounting for the plans, specifying in a tabular format, the assumptions used to determine the benefit obligation and the assumptions used to determine net benefit cost:
    1. 1
      Discount rates (see paragraph 715-30-35-45 for a discussion of representationally faithful disclosure)
    2. 2
      Rates of compensation increase (for pay-related plans)
    3. 3
      Expected long-term rates of return on plan assets.
    4. 4
      Interest crediting rates (for cash balance plans and other plans with promised interest crediting rates).
  11. k
    The assumed health care cost trend rate(s) for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges), and a general description of the direction and pattern of change in the assumed trend rates thereafter, together with the ultimate trend rate(s) and when that rate is expected to be achieved.
  12. l
    If applicable, the amounts and types of securities of the employer and related parties included in plan assets.
  13. m
    The nature and effect of significant nonroutine events, such as amendments, combinations, divestitures, curtailments, and settlements.
  14. n
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  15. o
    Subparagraph superseded by Accounting Standards Update No. 2018-14.
  16. p
    If applicable, the accounting policy election to measure plan assets and benefit obligations using the month-end that is closest to the employer's fiscal year-end in accordance with paragraph 715-30-35-63A or 715-60-35-123A and the month-end measurement date.
  17. q
    The amount of net periodic benefit cost recognized. In addition, if the components other than the service cost component are not presented in a separate line item or items in the income statement, the amount of the other components and the line item(s) used in the income statement to present them shall be disclosed.
  18. r
    An explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period.
","snippet":"A nonpublic entity is not required to disclose the information required by paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (q), and 715-20-50-1(r)(2). A nonpublic entity that sponsors one or …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:29f7694bb12a4ee36edb1122f387fde8b08751a351a221f82fc41b0746bfaff9","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:825e117c092b90c96c89e136d0ce46c4d2005e816a419b7238959e21a233e270","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Interim Disclosure Requirements for Publicly Traded Entities","paragraphs":[{"citation":"715-20-50-6","para":"50-6","html":"
A publicly traded entity shall disclose the following information for its interim financial statements that include a statement of income:
  1. a
    The amount of net benefit cost recognized, for each period for which a statement of income is presented, showing separately each of the following:
    1. 1
      The service cost component
    2. 2
      The interest cost component
    3. 3
      The expected return on plan assets for the period
    4. 4
      The gain or loss component
    5. 5
      The prior service cost or credit component
    6. 6
      The transition asset or obligation component
    7. 7
      The gain or loss recognized due to a settlement or curtailment.
    The line item(s) used in the income statement to present the components other than the service cost component shall be disclosed if the other components are not presented in a separate line item or items in the income statement.
  2. b
    The total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph 715-20-50-1(g). Estimated contributions may be presented in the aggregate combining all of the following:
    1. 1
      Contributions required by funding regulations or laws
    2. 2
      Discretionary contributions
    3. 3
      Noncash contributions.
","snippet":"A publicly traded entity shall disclose the following information for its interim financial statements that include a statement of income:\n(a) The amount of net benefit cost recognized, for each period for which a statem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b3f5a67c59fd60377bc8a6a796d9642d176aec4a0db58c557212ebdd7082b67","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1cf929e42fd615086d5f5f201b6540dcb372b18dcb34d9a661a706547255ad4f","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Interim Disclosure Requirements for Nonpublic Entities","paragraphs":[{"citation":"715-20-50-7","para":"50-7","html":"
A nonpublic entity shall disclose in interim periods for which a complete set of financial statements is presented the total amount of the employer's contributions paid, and expected to be paid, during the current fiscal year, if significantly different from amounts previously disclosed pursuant to paragraph 715-20-50-5(f). Estimated contributions may be presented in the aggregate combining all of the following:
  1. a
    Contributions required by funding regulations or laws
  2. b
    Discretionary contributions
  3. c
    Noncash contributions.
","snippet":"A nonpublic entity shall disclose in interim periods for which a complete set of financial statements is presented the total amount of the employer's contributions paid, and expected to be paid, during the current fiscal…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ed1c449a5bde334a2c2bf6e3bde37471fa85c674c04d7504519e14a5440acd3","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6bbefc1016f1ed4122fa67342c95dc746729006d3225b6b3501c770f260d576d","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Disclosures Related to Expected Rate of Return on Plan Assets","paragraphs":[{"citation":"715-20-50-8","para":"50-8","html":"
The weighted-average expected long-term rate of return on plan assets is used to determine net benefit cost, and, therefore, in the absence of a subsequent interim measurement of both pension or other postretirement plan assets and obligations (see paragraph 715-30-35-68), the disclosed rate is the rate determined as of the beginning of the year. However, if that rate changes because of a subsequent interim measurement of both pension or other postretirement plan assets and obligations, disclosure of the beginning and more recently assumed rate, or a properly weighted combination of the two, shall be made.
","snippet":"The weighted-average expected long-term rate of return on plan assets is used to determine net benefit cost, and, therefore, in the absence of a subsequent interim measurement of both pension or other postretirement plan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c63b7a9ad3b61b96da8e2b5f67c37d946fae2f3a6a6a7271ed341f90bb22b9ce","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1896aa69713463a892fad588ce14a31ddea2336071effdae44a8e2c3de19d3a5","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"block":null,"heading":"Disclosures Related to Japanese Governmental Settlement Transactions","paragraphs":[{"citation":"715-20-50-9","para":"50-9","html":"
Paragraph superseded by Accounting Standards Update No. 2018-14
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-14","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae5b1de80211f847f94275060b3e4c73ae1c4c44ce35541ad302b21e9e127b9b","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"citation":"715-20-50-10","para":"50-10","html":"
Paragraph superseded by Accounting Standards Update No. 2018-14
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-14","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cfadc407ffcc8608287324d208678cde8c9127b2fcd28503641c3db4be88f855","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b1b1cc756ca109422c92426d1caccaf8fbe3fe93be0c198779287f667df776a3","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a7c5d70b06b3849a944203290b938174abba6b9b9fc26bb362b3c2b19caf05e","downloaded_from":"2026-09-10T00:59:19.746Z","last_downloaded_at":"2026-09-10T00:59:19.746Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480506","source_sha256":"31788da1351e77802ef41e46475e46fb5463b0927ca66427bd48862730a40284"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"715-20-55-1","para":"55-1","html":"
An employer's disclosure of the weighted average of the assumed discount rates for its other postretirement benefit obligation may not necessarily be the same as that disclosed for its pension benefit obligation. Even if the assumed discount rates are the same, the weighted average of those rates that is disclosed for the other postretirement benefit obligation may not be the same as that disclosed for the pension benefit obligation because the weighted average is influenced by the timing and pattern of benefits to be provided, which can differ between a pension and a postretirement benefit plan.
","snippet":"An employer's disclosure of the weighted average of the assumed discount rates for its other postretirement benefit obligation may not necessarily be the same as that disclosed for its pension benefit obligation. Even if…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dc7f99bb925821cf02b9165fa277adea274c677cae9d66a046a24902ed294fec","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-2","para":"55-2","html":"
For example, pension benefits are usually paid in fixed amounts throughout retirement. On the other hand, postretirement health care benefits tend to increase during retirement because retirees generally require more health care services as they age, although the net cost to employers after retirees reach age 65 is reduced by Medicare. If, as a result of the expected cost of health care, the timing or pattern of postretirement benefits differs from that for pension benefits, that difference should be reflected in the weighting of the assumed discount rates.
","snippet":"For example, pension benefits are usually paid in fixed amounts throughout retirement. On the other hand, postretirement health care benefits tend to increase during retirement because retirees generally require more hea…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19f57991b66383c46f9fa249b353490b68480234ef9ba5f7650f224a6c9e26f6","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-3","para":"55-3","html":"
The following provides implementation guidance for a business entity that sponsors a defined benefit postretirement plan.
Paragraphs
715-20-55-4 through 55-13
address both transition to and initial application of the accounting for a defined benefit pension plan.
","snippet":"The following provides implementation guidance for a business entity that sponsors a defined benefit postretirement plan. Paragraphs 715-20-55-4 through 55-13 address both transition to and initial application of the acc…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:623b97a93d363b74afb07618b71a9b45e939744038daacb60cac7a4a8aa8ee3e","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-4","para":"55-4","html":"
Certain assumptions, including benefit payments, employer contributions, and obligations settled, have not been included in this Section because those transactions are not affected by the provisions of this Subtopic. Therefore, the implementation guidance does not include all the assumptions necessary to reconcile between various stated assumptions or the beginning and ending balances of plan assets or benefit obligations.
","snippet":"Certain assumptions, including benefit payments, employer contributions, and obligations settled, have not been included in this Section because those transactions are not affected by the provisions of this Subtopic. The…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a06998cfc36fad7c4ce8f4e76879452aeed4b26e90688900cbd8cd224c9ba43","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-5","para":"55-5","html":"
Entity A adopts the recognition requirements of Section 715-30-25 and the disclosure requirements of Section 715-20-50 as of the end of its fiscal year (December 31, 2006). For simplicity, this guidance assumes that Entity A's annual report includes a statement of financial position and a statement of changes in stockholders' equity. An income statement is not presented in this Section because it is not affected by the recognition provisions of Section 715-30-25. Additionally, this guidance does not consider the effects on financial reporting for interim periods. In applying the recognition provisions of Section 715-30-25 for transition, Entity A adjusts the amounts recognized in the statement of financial position as of December 31, 2006, before application of that Section, so that gains or losses, prior service costs or credits, and the transition asset or obligation that have not yet been included in net periodic benefit cost as of December 31, 2006, are recognized as a component of the ending balance of accumulated other comprehensive income, net of tax (see paragraph 715-20-55-7). The adjustment is reported as an adjustment of the ending balance of accumulated other comprehensive income (see paragraph 715-20-55-10).
","snippet":"Entity A adopts the recognition requirements of Section 715-30-25 and the disclosure requirements of Section 715-20-50 as of the end of its fiscal year (December 31, 2006). For simplicity, this guidance assumes that Enti…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:399bf22eeb6167a46ac49001fd4dc51feed20498b67751a58ce5ca815d8df3f5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-6","para":"55-6","html":"
The funded status of Entity A's defined benefit pension plan and the amounts not yet recognized as components of net periodic pension cost as of December 31, 2006, and December 31, 2007, are shown below. Entity A measures plan assets and benefit obligations as of the date of its financial statements. Prior to adopting the recognition provisions of Section 715-30-25, Entity A had a recognized liability of $45,000 at December 31, 2006, for the amount that past net periodic pension costs exceeded past contributions to the plan.
","snippet":"The funded status of Entity A's defined benefit pension plan and the amounts not yet recognized as components of net periodic pension cost as of December 31, 2006, and December 31, 2007, are shown below. Entity A measure…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:03d8f7a843a0542d379ba847d0ea669668bf6c538b7873626ae03a33ca400ca5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-7","para":"55-7","html":"
At December 31, 2006, Entity A recognizes a liability for the underfunded status of its defined benefit pension plan and adjusts ending accumulated other comprehensive income, net of tax, for the transition obligation, prior service cost, and net loss that have not been recognized as a component of net periodic pension cost. The journal entry is as follows.
","snippet":"At December 31, 2006, Entity A recognizes a liability for the underfunded status of its defined benefit pension plan and adjusts ending accumulated other comprehensive income, net of tax, for the transition obligation, p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3016d80d5b4c5b3dfb6f07efe72e984c970718196fb93594afdfdfe08f167946","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-8","para":"55-8","html":"
The following table illustrates the adjustments made to Entity A's statement of financial position for December 31, 2006. This illustration assumes that plan assets exceed the actuarial present value of benefits to be paid over the next fiscal year. Therefore, the entire liability for pension benefits is classified as a long-term liability.
","snippet":"The following table illustrates the adjustments made to Entity A's statement of financial position for December 31, 2006. This illustration assumes that plan assets exceed the actuarial present value of benefits to be pa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:87a87b4023671ddc3b2d94c7012d4b48554531e80c57f38a12849abebb439cb5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-9","para":"55-9","html":"
The following table illustrates the disclosures required in the year that the recognition provisions are initially adopted.
","snippet":"The following table illustrates the disclosures required in the year that the recognition provisions are initially adopted.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9db034abc93f8f309d2750ce9ea664c17183fa1dbadac34b063c991488bd7660","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-10","para":"55-10","html":"
Entity A's statement of changes in stockholders' equity for the year ended December 31, 2006, which includes the effects of applying the provisions of Section 715-30-25, follows. Brackets are used to highlight those effects.
","snippet":"Entity A's statement of changes in stockholders' equity for the year ended December 31, 2006, which includes the effects of applying the provisions of Section 715-30-25, follows. Brackets are used to highlight those effe…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:daf90a08de1bbf16860926475604e2dbc6afb2f44776872a0637ed4d709c6eb5","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-11","para":"55-11","html":"
In applying Section 715-30-25 in 2007, Entity A does all of the following:
  1. a
    Adjusts other comprehensive income, net of tax, to recognize the amortization of the transition obligation in net periodic pension cost
  2. b
    Adjusts other comprehensive income, net of tax, to recognize the amortization of prior service cost in net periodic pension cost
  3. c
    Recognizes a pension liability for the additional net loss arising during the year, and a corresponding decrease in other comprehensive income, net of tax
  4. d
    Recognizes a pension liability and net periodic pension cost, net of tax, for the service cost, interest cost, and expected return on plan assets.
","snippet":"In applying Section 715-30-25 in 2007, Entity A does all of the following:\n(a) Adjusts other comprehensive income, net of tax, to recognize the amortization of the transition obligation in net periodic pension cost\n(b) A…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ccac2d798a6485541e3581da40299c6fc79b7b38519aefa0551a29ef9a8df0b","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-12","para":"55-12","html":"
The components of projected net periodic pension cost for the year ended December 31, 2007, areas follows.
","snippet":"The components of projected net periodic pension cost for the year ended December 31, 2007, areas follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e6d7cadb98d4fe0cb71d9fd11b1a70f8a211ef9a0d0c6dd97327ba41fef37a84","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-13","para":"55-13","html":"
For the year ending December 31, 2007, Entity A makes the following journal entries in applying the recognition provisions of Section 715-30-25:
  1. a
    Recognize net periodic pension cost and a corresponding increase in other comprehensive income, net of tax, for amortization of the transition obligation (see the preceding paragraph).
    • \"
      Net periodic pension cost—transition obligation 40 Deferred tax benefit—other comprehensive income 16 Deferred tax benefit—net income 16 Other comprehensive income 40
  2. b
    Recognize net periodic pension cost and a corresponding increase in other comprehensive income, net of tax, for amortization of prior service cost (see the preceding paragraph).
    • \"
      Net periodic pension cost—prior service cost 25 Deferred tax benefit—other comprehensive income 10 Deferred tax benefit—net income 10 Other comprehensive income 25
  3. c
    Recognize a pension liability and net periodic pension cost, net of tax, for the service cost of $120, interest cost of $95, and the expected return on plan assets of $(80) (see the preceding paragraph). The service cost should be recognized separately, and the interest cost and expected return on plan assets may be recognized together or separately.
    • \"
      Net periodic pension cost—service cost 120 Net periodic pension cost—interest cost 95 Deferred tax asset 54 \"Net periodic pension cost—expected return on plan assets\" 80 Deferred tax benefit—net income 54 Liability for pension benefits 135
  4. d
    Recognize a pension liability for the additional net loss arising during the year and a corresponding decrease in other comprehensive income, net of tax (this is the increase in net loss from $240 to $260 shown in paragraph 715-20-55-6).
    • \"
      Other comprehensive income 20 Deferred tax asset 8 Deferred tax benefit—other comprehensive income 8 Liability for pension benefits 20
","snippet":"For the year ending December 31, 2007, Entity A makes the following journal entries in applying the recognition provisions of Section 715-30-25:\n(a) Recognize net periodic pension cost and a corresponding increase in oth…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:859f5c130cdda7ac13a33f38bdfb5beabe67c71af4bc9dcdb0ee8ea00c612395","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27a5e1be35de308de8f23de2c1c9afb75bfea5ad218175a80f8b7d110b880999","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"715-20-55-14","para":"55-14","html":"
This Section illustrates the following defined benefit pension and other postretirement benefit disclosures:
  1. a
    Disclosures about pension and other postretirement benefit plans in the annual financial statements of a publicly traded entity. See Example 1 (paragraph 715-20-55-16).
  2. b
    Interim-period disclosures of a publicly traded entity. See Example 2 (paragraph 715-20-55-18).
  3. c
    Interim-period disclosures of a nonpublic entity in a complete set of financial statements. See Example 3 (paragraph 715-20-55-19).
","snippet":"This Section illustrates the following defined benefit pension and other postretirement benefit disclosures:\n(a) Disclosures about pension and other postretirement benefit plans in the annual financial statements of a pu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a21d8773752812569f5eda6d5d1b12795ebf409f3cb5ede94118e77cfb8965b7","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-15","para":"55-15","html":"
The financial statements of a nonpublic entity would be similarly presented but would not be required to include the information contained in paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (q), and 715-20-50-1(r)(2). The items presented in these Examples have been included for illustrative purposes. Certain assumptions have been made to simplify the computations and focus on the disclosure requirements.
","snippet":"The financial statements of a nonpublic entity would be similarly presented but would not be required to include the information contained in paragraph 715-20-50-1(a) through (c), 715-20-50-1(h), 715-20-50-1(o) through (…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e84957ff1bf1c4770254465391da033c64cf66aaffcf4693991fd17879b42f64","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-16","para":"55-16","html":"
The following illustrates the fiscal 20X3 financial statement disclosures for an employer (Entity A) with multiple defined benefit pension plans and other postretirement benefit plans (dollar amounts in millions). This Example assumes that Entity A does not have cash balance plans or other plans with promised interest crediting rates. Narrative descriptions of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption (see paragraph 715-20-50-1(d)(iii)) and disclosure of the valuation technique(s) and inputs used to measure the fair value of plan assets and a discussion of changes in valuation techniques and inputs (see paragraph 715-20-50-1(d)(iv)(03)), if any, are not included in this Example. The narrative description of the basis used to determine the overall expected long-term rate-of-return-on-assets assumption is meant to be entity-specific. An explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period (see paragraph 715-20-50-1(r)(1)), if any, is not provided in this Example because the reasons may vary in different reporting periods or in different entities. For purposes of this Example, the disclosures required by paragraphs 715-20-50-1(d)(ii) and 715-20-50-1(d)(iv) are provided for only the fiscal year ending December 31, 20X3. However, those paragraphs indicate that the disclosures are required to be presented as of each date for which a statement of financial position is presented.
","snippet":"The following illustrates the fiscal 20X3 financial statement disclosures for an employer (Entity A) with multiple defined benefit pension plans and other postretirement benefit plans (dollar amounts in millions). This E…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ceae5efbbc9314689a523012ee1195e3ed06420495315d48d8f8c83b6a5a9877","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-17","para":"55-17","html":"
During 20X3, Entity A acquired FV Industries and amended its plans. Entity A would make the following disclosure.
","snippet":"During 20X3, Entity A acquired FV Industries and amended its plans. Entity A would make the following disclosure.\nNotes to Financial Statements\nPension and Other Postretirement Benefit Plans\nEntity A has both funded and …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:aef5f371d8f4f77ae53706e24a9eccb80348183e34e931baa62611a48d031a10","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-18","para":"55-18","html":"
This Example illustrates the disclosures of a publicly traded entity for the first fiscal quarter beginning after December 15, 20X3.
","snippet":"This Example illustrates the disclosures of a publicly traded entity for the first fiscal quarter beginning after December 15, 20X3.\nComponents of Net Periodic Benefit Cost\nThe components of net periodic benefit cost oth…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:50a635eaf19b360862e3d15a92c89947bff800f111fe65a3d9534cb41d86bb8b","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"citation":"715-20-55-19","para":"55-19","html":"
This Example illustrates the disclosures for a nonpublic entity (Entity A) for the first fiscal quarter beginning after December 15, 20X3.
","snippet":"This Example illustrates the disclosures for a nonpublic entity (Entity A) for the first fiscal quarter beginning after December 15, 20X3.\nEntity A previously disclosed in its financial statements for the year ended Dece…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d109c6f98138e500301d54dea1c3785a82561f24c2c4275f422254660f44455a","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8287ab60849317654846044a0240ea711596bbea552a8c106c87bd4d35526edf","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02dfd3bddc30bd1974c2bb57a331efb615f818945766efccd6d82b64ec4fb92c","downloaded_from":"2026-09-10T00:59:23.319Z","last_downloaded_at":"2026-09-10T00:59:23.319Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480482","source_sha256":"9b8d90258c74b91e3925668f1e8cb1edcb85c240cf013af94a04351f85df4830"}},{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Compensation—General","paragraphs":[{"citation":"715-20-60-1","para":"60-1","html":"
For guidance on deferred compensation contracts that are accounted for individually on an accrual basis in accordance with the terms of the underlying contract, see Topic 710.
","snippet":"For guidance on deferred compensation contracts that are accounted for individually on an accrual basis in accordance with the terms of the underlying contract, see Topic 710.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bceb43ab87f1586c5c51e31a5e6f70ad78f5f08372f061597daf588b89fdf62a","downloaded_from":"2026-09-10T00:59:26.368Z","last_downloaded_at":"2026-09-10T00:59:26.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480453","source_sha256":"b51da42f757f94232a02da6861b2a5c5c8cb245d8af8747689f4ec53e3997273"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6ed528beab1c93c9ed726b7050ed5f7ae6d1e173c8865f726fc54d2bee532d1","downloaded_from":"2026-09-10T00:59:26.368Z","last_downloaded_at":"2026-09-10T00:59:26.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480453","source_sha256":"b51da42f757f94232a02da6861b2a5c5c8cb245d8af8747689f4ec53e3997273"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e155f20cb6a6071d3e840b1e86e77a5a43ca92c910d463a6bcd436985a5d7e2a","downloaded_from":"2026-09-10T00:59:26.368Z","last_downloaded_at":"2026-09-10T00:59:26.368Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480453","source_sha256":"b51da42f757f94232a02da6861b2a5c5c8cb245d8af8747689f4ec53e3997273"}},{"number":"65","label":"65 Transition and Open Effective Date Information","anchor":"65-transition-and-open-effective-date-information","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"715-20-65-1","para":"65-1","html":"
Paragraph superseded on 11/03/2014 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.
","snippet":"Paragraph superseded on 11/03/2014 after the end of the transition period stated in FASB Statement No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, and FSP FAS 158-1.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0665b1d245bb2c32520eaf44bfc06524cf10a7c6cfd5fae7c6e3e2e67b7887a2","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}},{"citation":"715-20-65-2","para":"65-2","html":"
Paragraph superseded on 07/01/2010 after the end of the transition period stated in FSP FAS 132(R)-1, Employers' Disclosures about Postretirement Benefit Plan Assets.
","snippet":"Paragraph superseded on 07/01/2010 after the end of the transition period stated in FSP FAS 132(R)-1, Employers' Disclosures about Postretirement Benefit Plan Assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0d69e2d77127632da4ab3e6360a6eb39f297634fa1ff5dd0c6f93555facc92fa","downloaded_from":"2026-09-10T00:59:29.173Z","last_downloaded_at":"2026-09-10T00:59:29.173Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480422","source_sha256":"a89b57645d10c6a9c33168babeecdfe28f46ad8bc159e58607ea310d1d491c93"}},{"citation":"715-20-65-3","para":"65-3","html":"
Paragraph superseded on 08/12/2020 after the end of the transition period stated in Accounting Standards Update No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.
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Paragraph superseded on 07/10/2023 after the end of the transition period stated in Accounting Standards Update No. 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans.
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The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
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See paragraph 715-20-S99-2, SEC Observer Comment: Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan, for SEC Staff views on disclosures pertaining to the method chosen to measure the vested benefit obligation for a defined benefit pension plan.
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See paragraph 715-20-S99-1, SEC Staff Announcement: Selection of Discount Rate Used for Measuring Defined Benefit Obligation and Obligations of Postretirement Plans Other than Pensions, for SEC Staff views on the selection of discount rates used for measuring defined benefit pension obligations and obligations of postretirement benefit plans other than pensions.
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The following is the text of SEC Staff Announcement: Selection of Discount Rate Used for Measuring Defined Benefit Pension Obligation and Obligations of Postretirement Plans Other than Pensions.
","snippet":"The following is the text of SEC Staff Announcement: Selection of Discount Rate Used for Measuring Defined Benefit Pension Obligation and Obligations of Postretirement Plans Other than Pensions.\nThe SEC Observer made the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:23bb42644f1b0fd699ebd34e8c897d7d42e3244ed1806f7dd608b157a9e06b3e","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}},{"citation":"715-20-S99-2","para":"S99-2","html":"
The following is the text of SEC Observer Comment: Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan.
","snippet":"The following is the text of SEC Observer Comment: Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan.\nUnder the guidance in paragraph 715-30-35-41, an entity has the option of determining whet…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:135ee92e48e3445669bacd4244e4e60b15648026d4d64094c7d7df2a6091aeef","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c00cdee60bc9ce1b4e41333d9fade1da13cfb92c7457ae68d74a3615bcd725e","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e3195de571492bddedda18061a7a4b5a8fbd7dbf0b9f49df28dd9b226da053a","downloaded_from":"2026-09-10T00:59:47.246Z","last_downloaded_at":"2026-09-10T00:59:47.246Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480126","source_sha256":"4e7061b8352e2fa8f6aed545bb8a2a80da3424bd1b7452703cb0ea725a8bf180"}}],"enrichment":{"summary":"ASC 715-20 governs the presentation and disclosure requirements for single-employer defined benefit pension and other postretirement benefit (OPEB) plans, and it confirms that a cash balance plan is a defined benefit plan. It requires employers to disclose, separately for pension and OPEB plans, reconciliations of the benefit obligation and plan assets, funded status and where it is recognized on the balance sheet, plan asset fair value information by class, weighted-average assumptions, expected future benefit payments and contributions, and amounts in AOCI not yet recognized in net periodic benefit cost. On the face of the income statement, only the service cost component goes with other compensation cost; all other components must be presented separately and outside any subtotal of income from operations.","key_points":["An employer must provide the Section 715-20-50 disclosures separately for defined benefit pension plans and for other postretirement benefit plans (715-20-05-3; 715-20-50-1).","Service cost is reported in the same income statement line as other employee compensation cost (except amounts capitalized into inventory or PP&E), while the other components of net periodic benefit cost—including settlement/curtailment gains or losses and certain termination benefit costs—are presented separately and outside any subtotal of income from operations (715-20-45-3A).","The funded status must be presented on the balance sheet: an overfunded plan's asset is noncurrent, and an underfunded plan's liability is current to the extent the actuarial present value of benefits payable in the next 12 months (or operating cycle) exceeds plan asset fair value, capped at the recognized unfunded status (715-20-45-2 through 45-3).","Required annual disclosures include reconciliations of the benefit obligation (PBO for pensions, APBO for OPEB) and of plan asset fair value, the accumulated benefit obligation, benefits expected to be paid in each of the next five years and in aggregate for the following five, next-year expected contributions, components of net benefit cost, OCI and AOCI amounts not yet recognized in cost, and weighted-average discount rates, compensation increase rates, expected long-term rates of return, and interest crediting rates (715-20-50-1(a)–(k)).","Plan asset disclosures must convey investment policies and strategies, fair value by class, the basis for the expected long-term rate-of-return assumption, fair value hierarchy levels, and a Level 3 rollforward, with NAV practical expedient investments excluded from the hierarchy (715-20-50-1(d)).","Disclosures are aggregated across all pension plans and across all OPEB plans unless disaggregation is useful, but aggregate presentation triggers disclosure of PBO/ABO/APBO and plan asset fair value for plans whose obligations exceed plan assets; non-U.S. plans may be combined unless significant and using significantly different assumptions (715-20-50-2 through 50-4).","Nonpublic entities are exempt from 715-20-50-1(a)–(c), (h), (o)–(q), and (r)(2) and instead follow the reduced list in 715-20-50-5, while publicly traded entities must disclose net benefit cost components and materially changed contribution estimates in interim periods (715-20-50-5 through 50-7); a cash balance plan is a defined benefit plan because the benefit depends on the promised interest-crediting rate, not actual asset returns (715-20-25-1 through 25-3)."],"categories":["Disclosure","Presentation","Compensation and benefits","Fair value"],"audience_level":"intermediate","student_note":"Exam questions love the ASU 2017-07 split: service cost sits in operating compensation expense while interest cost, expected return, amortization, and settlement/curtailment effects must be shown below any operating income subtotal—students often wrongly lump all components into operating expense. 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