# ASC 715-30-60: Compensation—Retirement Benefits — Defined Benefit Plans—Pension — 60 Relationships Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/715/30/#60-relationships) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:e2233d951d46ac12ce1493bc1cb80b9ec88a5d11ebe4b9997e58c4a022466f6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 715-30-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/715/30/#60-relationships) SEC content: no #### Comprehensive Income ##### [715-30-60-1](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:32994ecebebcdcd5cac91954acd97aa780360a381527678642c7a783363ee920 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the required display and reporting in comprehensive income of information about gains or losses associated with pension or other postretirement [benefits](https://asc.understandingaccounting.org/glossary/b/#benefits "The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment."), prior [service](https://asc.understandingaccounting.org/glossary/s/#service "Employment taken into consideration under a pension plan. Years of employment before the inception of a plan constitute an employee's past service; years thereafter are classified in relation to the particular actuarial valuation being made or discussed. Years of employment (including past service) before the date of a particular valuation constitute prior service; years of employment following the date of the valuation constitute future service; a year of employment adjacent to the date of valuation, or in which such date falls, constitutes current service.") costs or credits associated with pension or other postretirement benefits, and transition assets or obligations associated with pension or other postretirement benefits, see Subtopic 220-10. #### Inventory ##### [715-30-60-2](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:96f5ed18a03f6152bb5788f11c9dc2719102620f097ba3a4d48a3cee623e9c0b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on the capitalization of the service cost component of [net periodic pension cost](https://asc.understandingaccounting.org/glossary/n/#net-periodic-pension-cost "The amount recognized in an employer's financial statements as the cost of a pension plan for a period. Components of net periodic pension cost are service cost, interest cost, actual return on plan assets, gain or loss, amortization of prior service cost or credit, and amortization of the transition asset or obligation existing at the date of initial application of Subtopic 715-30. The term net periodic pension cost is used instead of net pension expense because the service cost component recognized in a period may be capitalized as part of an asset such as inventory.") as part of the cost of inventory, see Subtopic 330-10. #### Exit or Disposal Cost Obligations ##### [715-30-60-3](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:542eebb4a36b407690bb637452c94d92ea7368228ace587a5a599f1a61ac04b8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the required accounting associated with one-time termination benefits provided to current employees that are involuntarily terminated under the terms of a one-time benefit arrangement, see Subtopic 420-10. ##### [715-30-60-4](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:96d09c5917fed88722dcd40795a34f2df2e251dca86f503b44b06fe780c6b563 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on whether additional termination benefits should be considered one-time termination benefits and accounted for under Subtopic 420-10 or be considered an enhancement to an ongoing benefit arrangement and, therefore, subject to the provisions of either this Topic or Subtopic 712-10, see Subtopic 420-10. #### Income Taxes ##### [715-30-60-5](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:4ba3db7384f45105683eb7bc05207eaf0e9caa0493db61a85f4c1bfd19afa2e3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on whether an excise tax incurred by an employer on the withdrawal of excess [plan assets](https://asc.understandingaccounting.org/glossary/p/#plan-assets "Assets—usually stocks, bonds, and other investments—that have been segregated and restricted, usually in a trust, to provide for pension benefits. The amount of plan assets includes amounts contributed by the employer, and by employees for a contributory plan, and amounts earned from investing the contributions, less benefits paid. Plan assets ordinarily cannot be withdrawn by the employer except under certain circumstances when a plan has assets in excess of obligations and the employer has taken certain steps to satisfy existing obligations. Assets not segregated in a trust or otherwise effectively restricted so that they cannot be used by the employer for other purposes are not plan assets even though it may be intended that such assets be used to provide pensions. If a plan has liabilities other than for benefits, those nonbenefit obligations may be considered as reductions of plan assets. Amounts accrued by the employer but not yet paid to the plan are not plan assets. Securities of the employer held by the plan are includable in plan assets provided they are transferable.") from its pension plan should be accounted for as an expense in the period of the withdrawal or as an income tax and deferred if there will be related gains (such as a [settlement](https://asc.understandingaccounting.org/glossary/s/#settlement-of-a-pension-or-postretirement-benefit-obligation "A transaction that is an irrevocable action, relieves the employer (or the plan) of primary responsibility for a pension or postretirement benefit obligation, and eliminates significant risks related to the obligation and the assets used to effect the settlement.") gain) recognized for financial reporting purposes in subsequent periods, see Subtopic 740-10. #### Business Combinations ##### [715-30-60-6](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:79663f54efb775d9d3f18ed4d24497d9600be7c1842675d6f182e44cd17839bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the required pension related accounting for issues arising in connection with a business combination, including plans to terminate certain employees, the measurement of projected benefit obligations and the assignment of the purchase price to individual assets acquired and liabilities assumed, see Subtopic 805-20. #### Consolidation ##### [715-30-60-7](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:9fe645ee04eca8c68ba309768c267a13ade5eba4bfff5ecf41741aeea18a9d0c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance on whether to consolidate an employee benefit plan, see Subtopic 810-10. #### Nonmonetary Transactions ##### [715-30-60-8](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:47268e598407171fc2f86a0137516ea55a3a00cc3bebf61e85a67c58831bd00c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the requirements related to [gain or loss](https://asc.understandingaccounting.org/glossary/g/#gain-or-loss "A change in the value of either the benefit obligation (projected benefit obligation for pension plans or accumulated postretirement benefit obligation for other postretirement benefit plans) or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption, or the consequence of a decision to temporarily deviate from the other postretirement benefit substantive plan. Gains or losses that are not recognized in net periodic pension cost or net periodic postretirement benefit cost when they arise are recognized in other comprehensive income. Those gains or losses are subsequently recognized as a component of net periodic pension cost or net periodic postretirement benefit cost based on the recognition and amortization provisions of Subtopic 715-30 or Subtopic 715-60.") recognition for the spinoff of pension-related assets or obligations transferred in a spinoff of nonmonetary assets to owners of an entity, see Subtopic 845-10. #### Not-for-Profit Entities ##### [715-30-60-9](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:a51ccd045af191d3243a9f43f1e5a88892b7af9e2ca47992047c3721165897c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For the required accounting by a not-for-profit employer for the gains or losses and the prior service costs or credits that would be recognized in other comprehensive income under the guidance in the General Subsections of this Subtopic, see Subtopic 958-715. #### Regulated Operations ##### [715-30-60-10](https://asc.understandingaccounting.org/asc/715/30/#715-30-60-10) Pending content: no Source downloaded (UTC): 2026-09-10T01:00:15.090Z to 2026-09-10T01:00:15.090Z Record version: sha256:ab7e90859724fc7a2dea5f2fc85ea924488955c7179507453885f8ed10038f25 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For treatment by rate regulated entities of the possible difference between net periodic pension cost as defined in the General Subsections of this Subtopic and amounts of pension cost considered for rate-making purposes, see Subtopic 980-715.