# ASC 818-30-45: Environmental Credits and Environmental Credit Obligations — Environmental Credit Obligations — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/818/30/#45-other-presentation-matters)

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## ASC 818-30-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/818/30/#45-other-presentation-matters)

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#### Balance Sheet

##### [818-30-45-1](https://asc.understandingaccounting.org/asc/818/30/#818-30-45-1)

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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[818-10-65-1](https://asc.understandingaccounting.org/asc/818/10/#818-10-65-1)An entity shall present its [environmental credit obligation](https://asc.understandingaccounting.org/glossary/e/#environmental-credit-obligation "(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.") liabilities separate from its [compliance environmental credits](https://asc.understandingaccounting.org/glossary/c/#compliance-environmental-credit "(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.") recognized as assets in accordance with Subtopic 818-20 on its balance sheet.

##### [818-30-45-2](https://asc.understandingaccounting.org/asc/818/30/#818-30-45-2)

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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[818-10-65-1](https://asc.understandingaccounting.org/asc/818/10/#818-10-65-1)An entity that presents a classified balance sheet shall classify environmental credit obligation liabilities reasonably expected to be settled within one year (or the [operating cycle](https://asc.understandingaccounting.org/glossary/o/#operating-cycle "The average time intervening between the acquisition of materials or services and the final cash realization constitutes an operating cycle.") of the business used for applying paragraph [818-20-45-1](https://asc.understandingaccounting.org/asc/818/20/#818-20-45-1), if longer) as a current liability. All other environmental credit obligation liabilities shall be classified as noncurrent liabilities.

#### Income Statement

##### [818-30-45-3](https://asc.understandingaccounting.org/asc/818/30/#818-30-45-3)

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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[818-10-65-1](https://asc.understandingaccounting.org/asc/818/10/#818-10-65-1)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.

##### [818-30-45-4](https://asc.understandingaccounting.org/asc/818/30/#818-30-45-4)

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Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:

[818-10-65-1](https://asc.understandingaccounting.org/asc/818/10/#818-10-65-1)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.