{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/818/30/#45-other-presentation-matters","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.","topic":"818","topic_title":"Environmental Credits and Environmental Credit Obligations","subtopic":"818-30","subtopic_title":"Environmental Credit Obligations","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Balance Sheet","paragraphs":[{"citation":"818-30-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"div pending-text\" id=\"pgroup_mdf_brf_y3c__GUID-35419ECF-8228-4265-9B21-52D9BF0EF065\"><div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) December 16, 2027; (N) December 16, 2028</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div><a href=\"/asc/818/10/#818-10-65-1\" class=\"xref\">818-10-65-1</a><span class=\"sfragment\" id=\"GUID-FEDA46D6-4408-486C-8F8A-D5E940DEF34E\"><span class=\"sfragment-source\">An entity shall present its <a href=\"/glossary/e/#environmental-credit-obligation\" class=\"term\" title=\"(P) December 16, 2027; (N) December 16, 2028818-10-65-1A regulatory compliance obligation arising from existing or enacted laws, statutes, or ordinances represented to prevent, control, reduce, or remove emissions or other pollution that may be settled with environmental credits. Obligations within the scope of Subtopic 410-30 are not environmental credit obligations.\"><span>environmental credit obligation</span></a> liabilities separate from its <a href=\"/glossary/c/#compliance-environmental-credit\" class=\"term\" title=\"(P) December 16, 2027; (N) December 16, 2028818-10-65-1An environmental credit recognized as an asset in accordance with Topic 818 and probable of being used to settle an environmental credit obligation.\"><span>compliance environmental credits</span></a> recognized as assets in accordance with Subtopic <a altsource=\"GUID-E12665BE-CE19-4C87-9D4A-B60E7E8545AF.ditamap\" class=\"ditamap\">818-20</a> on its balance sheet. </span></span></div></div>","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:818-10-65-1An entity shall present its environmental credit obligation liabilities separate from its compliance environmental credits recogn…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a592ed95debddb6888dea6a09cf4f50ae8c6c6b754531bd8076ed409f11eb8e1","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}},{"citation":"818-30-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"div pending-text\" id=\"pgroup_mdf_brf_y3c__GUID-6FFBAD73-D00B-4B66-A078-C42F8E581DA7\"><div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) December 16, 2027; (N) December 16, 2028</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div><a href=\"/asc/818/10/#818-10-65-1\" class=\"xref\">818-10-65-1</a><span class=\"sfragment\" id=\"GUID-01296158-9073-4814-ABF2-4D037E594894\"><span class=\"sfragment-source\">An entity that presents a classified balance sheet shall classify environmental credit obligation liabilities reasonably expected to be settled within one year (or the <a href=\"/glossary/o/#operating-cycle\" class=\"term\" title=\"The average time intervening between the acquisition of materials or services and the final cash realization constitutes an operating cycle.\"><span>operating cycle</span></a> of the business used for applying paragraph <a href=\"/asc/818/20/#818-20-45-1\" class=\"xref\">818-20-45-1</a>, if longer) as a current liability. All other environmental credit obligation liabilities shall be classified as noncurrent liabilities. </span></span></div></div>","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:818-10-65-1An entity that presents a classified balance sheet shall classify environmental credit obligation liabilities reasonably expected…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c2dda2d547dda6e27982484470542e198ff154fb078a7833152c007b787400d","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e6edd1f26e5b272553c0c29d61731bd62e4f557eaf8a88b4a8f252b9974965e","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}},{"block":null,"heading":"Income Statement","paragraphs":[{"citation":"818-30-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"div pending-text\" id=\"pgroup_ipq_drf_y3c__GUID-610D7725-5BB5-4583-8E86-CB42C985F1F8\"><div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) December 16, 2027; (N) December 16, 2028</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div><a href=\"/asc/818/10/#818-10-65-1\" class=\"xref\">818-10-65-1</a><span class=\"sfragment\" id=\"GUID-E743F1FE-E320-409C-B692-E0B03DA22DBC\"><span class=\"sfragment-source\">An entity shall present any changes in an environmental credit obligation liability in the income statement in a manner consistent with the recognition and measurement of that liability. </span></span></div></div>","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:818-10-65-1An entity shall present any changes in an environmental credit obligation liability in the income statement in a manner consisten…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:492bdeb722655111a075bf5756cbe52b516cff18baa50f07669e7fe48255da34","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}},{"citation":"818-30-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"div pending-text\" id=\"pgroup_ipq_drf_y3c__GUID-3A2E17D1-8BD3-4C42-B1FA-A8AE7C28E171\"><div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) December 16, 2027; (N) December 16, 2028</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div><a href=\"/asc/818/10/#818-10-65-1\" class=\"xref\">818-10-65-1</a><span class=\"sfragment\" id=\"GUID-1A8CD7F8-0E36-43AF-B192-72C493E61D51\"><span class=\"sfragment-source\">An entity shall present any gain or loss recognized upon derecognition of an environmental credit obligation liability in the income statement in a manner consistent with the recognition and measurement of that liability. </span></span></div></div>","snippet":"Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:818-10-65-1An entity shall present any gain or loss recognized upon derecognition of an environmental credit obligation liability in the inc…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b7042482fe795af5bcdb88d75878acb7d1010881c1b5f6047e9bdc4a4ccc1da","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6d5015790af15452e137bc79e7e61206b9938349754ddc5d60ed55c10be92a8","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d2cee3782891ff5b0e78d1f76b961ad73990ab5356491fe4ad695138b52f818","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d2cee3782891ff5b0e78d1f76b961ad73990ab5356491fe4ad695138b52f818","downloaded_from":"2026-09-10T01:43:00.521Z","last_downloaded_at":"2026-09-10T01:43:00.521Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147476112","source_sha256":"19feb57149ec77da80aa71dbecd6931fd5ed3108d937acc60ddb6b745bb20207"}}