(P) December 16, 2027; (N) December 16, 2028
818-10-65-1For annual reporting periods, an entity shall disclose the types of environmental credits owned by the entity and all of the following: - a
How the entity obtained the environmental credits (acquired, granted, internally generated, or received in a nonreciprocal transfer) - b
How the entity intends to use the environmental credits (to settle environmental credit obligations, to transfer in an exchange transaction, to use in a nonreciprocal transfer, or to meet voluntary environmental initiatives) - c
The accounting policies used to account for the environmental credits in accordance with Topic 235 on notes to financial statements (for example, whether the environmental credits are subsequently measured using the average cost; first-in, first-out; or specific identification costing methods) - d
Significant estimates and judgments used in applying the guidance.
(P) December 16, 2027; (N) December 16, 2028
818-10-65-1For annual reporting periods, an entity shall disclose, if not separately presented on the entity’s balance sheet, the current and noncurrent assets portion of both of the following: - a
- b
An entity also shall disclose the line item or items on the balance sheet that include the current asset and noncurrent assets portion of the amounts in (a) and (b).
(P) December 16, 2027; (N) December 16, 2028
818-10-65-1For annual reporting periods, an entity shall disclose all of the following: - a
Total expense recognized for environmental credits not initially recognized as an asset in accordance with paragraph 818-20-25-1 or subsequently derecognized in accordance with paragraph 818-20-40-2. - b
Total impairment expense recognized during the reporting period, the nature of the environmental credits that were impaired, and a description of the facts and circumstances giving rise to the impairment.
- c
The line item or items in the income statement that include the amounts in (a) and (b).
See paragraphs for additional disclosure requirements. (P) December 16, 2027; (N) December 16, 2028
818-10-65-1For annual reporting periods, if as a result of applying the guidance in paragraphs and paragraph 818-20-40-2 an entity changes its use or intended use of its environmental credits, it shall disclose the nature of that change as of the date that it occurs and the related effect on earnings on that date, if any. (P) December 16, 2027; (N) December 16, 2028
818-10-65-1An entity shall apply the fair value disclosure requirements in Topic 820 for any fair value measurements made in accordance with this Subtopic. (P) December 16, 2027; (N) December 16, 2028
818-10-65-1See paragraph 818-20-55-14 for an illustration of the quantitative disclosures required by this Subtopic.