# ASC 815-15-45: Derivatives and Hedging — Embedded Derivatives — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/815/15/#45-other-presentation-matters)

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## ASC 815-15-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/815/15/#45-other-presentation-matters)

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##### [815-15-45-1](https://asc.understandingaccounting.org/asc/815/15/#815-15-45-1)

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In each statement of financial position presented, an entity shall report hybrid financial instruments measured at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.") under the election and under the practicability exception in paragraph [815-15-30-1](https://asc.understandingaccounting.org/asc/815/15/#815-15-30-1) in a manner that separates those reported fair values from the carrying amounts of assets and liabilities subsequently measured using another measurement attribute on the face of the statement of financial position. To accomplish that separate reporting, an entity may do either of the following:

1.  a
    
    Display separate line items for the fair value and non-fair-value carrying amounts
    
2.  b
    
    Present the aggregate of the fair value and non-fair-value amounts and parenthetically disclose the amount of fair value included in the aggregate amount.

##### [815-15-45-2](https://asc.understandingaccounting.org/asc/815/15/#815-15-45-2)

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If an entity has designated a [financial liability](https://asc.understandingaccounting.org/glossary/f/#financial-liability "A contract that imposes on one entity an obligation to do either of the following:Deliver cash or another financial instrument to a second entity Exchange other financial instruments on potentially unfavorable terms with the second entity.") under the fair value election in accordance with paragraphs

[815-15-25-4 through 25-6](https://asc.understandingaccounting.org/asc/815/15/#815-15-25-4)

, the entity shall apply the guidance in paragraph [825-10-45-5](https://asc.understandingaccounting.org/asc/825/10/#825-10-45-5) on the presentation of changes in the liability's fair value that result from changes in instrument-specific credit risk.