# ASC 825-10-50: Financial Instruments — Overall — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/825/10/#50-disclosure) 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): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:dd65139eb4ac50abe9d2fdc59a2473da646e4e3bfd865e1c881d1f2145e78674 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 825-10-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/825/10/#50-disclosure) SEC content: no ##### [825-10-50-1](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:969b23529359218981e519bd9cbcf4e0620bf7c3e7d66908649242647e4a6871 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [825-10-05-3](https://asc.understandingaccounting.org/asc/825/10/#825-10-05-3) identifies various Topics within the Codification that address financial instruments matters. Those and other Topics in the Codification require disclosures about specific financial instruments. This Subsection addresses incremental disclosures about all of the following: 1. a [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.") of financial instruments 2. b Concentrations of credit risk of all financial instruments 3. c Market risk of all financial instruments. #### Applicability of This Subsection ##### [825-10-50-2](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:d4414d75e5d8bbf92e3f116fe3313957a3766b4d172dfa8b60db23aaf9cdebe0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This guidance discusses the applicability of the disclosure requirements in this Subsection to entities and transactions. ##### [825-10-50-2A](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-2A) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:c696c675324f3bd0d0ea7e6bab04c1fa2c8a71a3b9c2cbaa73e7135f5fc6da18 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure guidance in this Subsection applies to [public business entities](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC."), except for the disclosure guidance in paragraphs [825-10-50-20 through 50-23](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-20) , which applies to all entities. For interim reporting periods, the disclosure guidance in paragraphs [825-10-50-20 through 50-23](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-20) is optional for those entities that do not meet the definition of a public business entity. ##### [825-10-50-3](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:15e30788fc2e41c0e17019bfe303f41fb5f759b69c444cd335242f7c88ab956c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-3A](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-3A) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:edc97013677081ba9340293f52bd07f8d41b5c4b0479f979595b2cd4af1e5a22 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-4](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:05a5170e6070b4edd9902feb3ad6b80cd5bc531c6f062bb8d73a2596d00f32a9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-5](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:419edc8eee7194a399aa8cdfd8bf569ff8eefa6dad7756a106daca5b52b801d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-6](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:04b794a134aa3ff8d8f22b04704880a4000f64a61541440185f9a5ebde45301d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-7](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-7) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:430de4588504bc66c0de68f3daa279987a798e8868f89b4757d5f7731bff898c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-8](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-8) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:24eda38a0facf211c2f4397dead22a1d5e47599019ebf74618876828818d248f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In part, this Subsection requires disclosures about fair value for all financial instruments, whether recognized or not recognized in the statement of financial position, except that the disclosures about fair value prescribed in paragraphs [825-10-50-10 through 50-13](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-10) and [825-10-50-15](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-15) are not required for any of the following: 1. a Employers' and plans' obligations for pension benefits, other postretirement benefits including health care and life insurance benefits, postemployment benefits, employee stock option and stock purchase plans, and other forms of deferred compensation arrangements (see Topics 710, 712, 715, 718, and 960) 2. b Substantively extinguished debt subject to the disclosure requirements of Subtopic 405-20 3. c Insurance contracts, other than financial guarantees (including financial guarantee insurance contracts within the scope of Topic 944) and investment contracts, as discussed in Subtopic 944-20 4. d Lease contracts as defined in Topic 842 (a contingent obligation arising out of a cancelled lease and a guarantee of a third-party lease obligation are not lease contracts and are subject to the disclosure requirements in this Subsection) 5. e Warranty obligations (see Topic 450 and the Product Warranties Subsections of Topic 460) 6. f Unconditional purchase obligations as defined in paragraph [440-10-50-2](https://asc.understandingaccounting.org/asc/440/10/#440-10-50-2) 7. g Investments accounted for under the equity method in accordance with the requirements of Topic 323 8. h Noncontrolling interests and equity investments in consolidated subsidiaries (see Topic 810) 9. i Equity instruments issued by the entity and classified in stockholders' equity in the statement of financial position (see Topic 505) 10. j Receive-variable, pay-fixed interest rate swaps for which the simplified hedge accounting approach is applied (see Topic 815) 11. k [Fully benefit-responsive investment contracts](https://asc.understandingaccounting.org/glossary/f/#fully-benefit-responsive-investment-contract "An investment contract is considered fully benefit-responsive if all of the following criteria are met for that contract, analyzed on an individual basis: The investment contract is effected directly between the plan and the issuer and prohibits the plan from assigning or selling the contract or its proceeds to another party without the consent of the issuer. Either of the following conditions exists: The repayment of principal and interest credited to participants in the plan is a financial obligation of the issuer of the investment contract. Prospective interest crediting rate adjustments are provided to participants in the plan on a designated pool of investments held by the plan or the contract issuer, whereby a financially responsible third party, through a contract generally referred to as a wrapper, must provide assurance that the adjustments to the interest crediting rate will not result in a future interest crediting rate that is less than zero. If an event has occurred such that realization of full contract value for a particular investment contract is no longer probable (for example, a significant decline in creditworthiness of the contract issuer or wrapper provider), the investment contract shall no longer be considered fully benefit-responsive. The terms of the investment contract require all permitted participant-initiated transactions with the plan to occur at contract value with no conditions, limits, or restrictions. Permitted participant-initiated transactions are those transactions allowed by the plan, such as any of the following: Withdrawals for benefits Loans Transfers to other funds within the plan. An event that limits the ability of the plan to transact at contract value with the issuer and that also limits the ability of the plan to transact at contract value with the participants in the plan, such as any of the following, must be probable of not occurring: Premature termination of the contracts by the plan Plant closings Layoffs Plan termination Bankruptcy Mergers Early retirement incentives. The plan itself must allow participants reasonable access to their funds. If access to funds is substantially restricted by plan provisions, investment contracts held by those plans may not be considered to be fully benefit-responsive. For example, if plan participants are allowed access at contract value to all or a portion of their account balances only upon termination of their participation in the plan, it would not be considered reasonable access and, therefore, investment contracts held by that plan would generally not be deemed to be fully benefit-responsive. However, in plans with a single investment fund that allow reasonable access to assets by inactive participants, restrictions on access to assets by active participants consistent with the objective of the plan (for example, retirement or health and welfare benefits) will not affect the benefit responsiveness of the investment contracts held by those single-fund plans. Also, if a plan limits participants' access to their account balances to certain specified times during the plan year (for example, semiannually or quarterly) to control the administrative costs of the plan, that limitation generally would not affect the benefit responsiveness of the investment contracts held by that plan. In addition, administrative provisions that place short-term restrictions (for example, three or six months) on transfers to competing fixed-rate investment options to limit arbitrage among those investment options (equity wash provisions) would not affect a contract's benefit responsiveness.") held by an employee benefit plan. 12. l Investments in equity securities accounted for under the measurement guidance for equity securities without readily determinable fair values (see Topic 321) 13. m Trade receivables and payables due in one year or less 14. n Deposit liabilities with no defined or contractual maturities. 15. o Liabilities resulting from the sale of prepaid stored-value products within the scope of paragraph [405-20-40-3](https://asc.understandingaccounting.org/asc/405/20/#405-20-40-3). ##### [825-10-50-9](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-9) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:2e43e6b3d44aad028d458b2ca21a1de716f090cbb4f0545eb044b5fcd3347028 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Generally accepted accounting principles (GAAP) require disclosure of or subsequent measurement at fair value for many classes of financial instruments. Those requirements are not superseded or modified by this Subsection. #### Fair Value of Financial Instruments ##### [825-10-50-10](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-10) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:f345a0d2cfdfd24646372f8a5e3547d4f439dbc2ee35cec98d20d90485b06cac Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A reporting entity shall disclose either in the body of the financial statements or in the accompanying notes, the fair value of financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized in their entirety (Level 1, 2, or 3). 1. a [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 3. c [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 4. d [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). For financial instruments recognized at fair value in the statement of financial position, the disclosure requirements of Topic 820 also apply. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, a reporting entity shall disclose either in the body of the financial statements or in the accompanying notes, the fair value of financial instruments and the level of the fair value hierarchy within which the fair value measurements are categorized in their entirety (Level 1, 2, or 3). 1. a [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 2. b [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 3. c [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 4. d [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). For financial instruments recognized at fair value in the statement of financial position, the disclosure requirements of Topic 820 also apply. ##### [825-10-50-11](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-11) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:be647cd07d7188869eb8f72de336f2e7a92baf916fc4a4e857bee6b440c1a708 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Fair value disclosed in the notes shall be presented together with the related carrying amount in a form that clarifies both of the following: 1. a Whether the fair value and carrying amount represent assets or liabilities 2. b How the carrying amounts relate to what is reported in the statement of financial position. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, fair value disclosed in the notes shall be presented together with the related carrying amount in a form that clarifies both of the following: 1. a Whether the fair value and carrying amount represent assets or liabilities 2. b How the carrying amounts relate to what is reported in the statement of financial position. ##### [825-10-50-11A](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-11A) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:898ca7498378bf9a0a609e49ebca0d562293cdc2752c909ac75984fd84f1fc8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [470-20-50-1D](https://asc.understandingaccounting.org/asc/470/20/#470-20-50-1D) for additional guidance on disclosures about fair value of convertible debt instruments. ##### [825-10-50-12](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-12) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:1be613943ef38035832f871850f4e7485eacd40541add562b582a987e353f6f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the fair value of financial instruments is disclosed in more than a single note, one of the notes shall include a summary table. The summary table shall contain the fair value and related carrying amounts and cross-references to the location(s) of the remaining disclosures required by this Section. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If the fair value of financial instruments is disclosed in more than a single note, one of the notes shall include a summary table in interim and annual reporting periods. The summary table shall contain the fair value and related carrying amounts and cross-references to the location(s) of the remaining disclosures required by this Section. ##### [825-10-50-13](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-13) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:f41b437a7ad3afb6a506a98e0488a845607ff019e2285484e7932df820a1296e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic does not prohibit an entity from disclosing separately the estimated fair value of any of its nonfinancial intangible and tangible assets and nonfinancial liabilities. ##### [825-10-50-14](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-14) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:eb42018790f075a5898f11a45c5436023474b5365b5b66d736f068e950e342f4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-15](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-15) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:b65fba0c28e968cd8c4d9f2bf2a2f08ddde0fe15b669bf9a0e9703439971e470 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In disclosing the fair value of a [financial instrument](https://asc.understandingaccounting.org/glossary/f/#financial-instrument "Cash, evidence of an ownership interest in an entity, or a contract that both: Imposes on one entity a contractual obligation either: To deliver cash or another financial instrument to a second entity To exchange other financial instruments on potentially unfavorable terms with the second entity. Conveys to that second entity a contractual right either: To receive cash or another financial instrument from the first entity To exchange other financial instruments on potentially favorable terms with the first entity. The use of the term financial instrument in this definition is recursive (because the term financial instrument is included in it), though it is not circular. The definition requires a chain of contractual obligations that ends with the delivery of cash or an ownership interest in an entity. Any number of obligations to deliver financial instruments can be links in a chain that qualifies a particular contract as a financial instrument. Contractual rights and contractual obligations encompass both those that are conditioned on the occurrence of a specified event and those that are not. All contractual rights (contractual obligations) that are financial instruments meet the definition of asset (liability) set forth in FASB Concepts Statement No. 6, Elements of Financial Statements, although some may not be recognized as assets (liabilities) in financial statements—that is, they may be off-balance-sheet—because they fail to meet some other criterion for recognition. For some financial instruments, the right is held by or the obligation is due from (or the obligation is owed to or by) a group of entities rather than a single entity. (P) December 16, 2024; (N) December 16, 2025105-10-65-9Cash, evidence of an ownership interest in an entity, or a contract that both: Imposes on one entity a contractual obligation either: To deliver cash or another financial instrument to a second entity To exchange other financial instruments on potentially unfavorable terms with the second entity. Conveys to that second entity a contractual right either: To receive cash or another financial instrument from the first entity To exchange other financial instruments on potentially favorable terms with the first entity. The use of the term financial instrument in this definition is recursive (because the term financial instrument is included in it), though it is not circular. The definition requires a chain of contractual obligations that ends with the delivery of cash or an ownership interest in an entity. Any number of obligations to deliver financial instruments can be links in a chain that qualifies a particular contract as a financial instrument. Contractual rights and contractual obligations encompass both those that are conditioned on the occurrence of a specified event and those that are not. Some contractual rights (contractual obligations) that are financial instruments may not be recognized in financial statements—that is, they may be off-balance-sheet—because they fail to meet some other criterion for recognition. For some financial instruments, the right is held by or the obligation is due from (or the obligation is owed to or by) a group of entities rather than a single entity."), an entity shall not net that fair value with the fair value of other financial instruments—even if those financial instruments are of the same class or are otherwise considered to be related (for example, by a risk management strategy)—except to the extent that the offsetting of carrying amounts in the statement of financial position is permitted under either of the following: 1. a The general principle in paragraph [210-20-45-1](https://asc.understandingaccounting.org/asc/210/20/#210-20-45-1) 2. b The exceptions for master netting arrangements in paragraph [815-10-45-5](https://asc.understandingaccounting.org/asc/815/10/#815-10-45-5) and for amounts related to certain repurchase and reverse repurchase agreements in paragraphs [210-20-45-11 through 45-17](https://asc.understandingaccounting.org/asc/210/20/#210-20-45-11) . ##### [825-10-50-16](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-16) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:3998c48e19fb813131904215364ca7d42e0e431c170c5ac23121c077c8a7acba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-17](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-17) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:37dcaafe092b3a14c64d248c9ba82c56c5e975462ad6547fb6ce00624230437d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-18](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-18) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:b5fcde1c9b07eb3a48ba511582defae15dbd97924efed970d8cd94eac788ee50 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [825-10-50-19](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-19) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:7f38a37ec0b4cea8057383f1837821978f50e72891e917feb042cbf7fa6b2dff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). #### Concentrations of Credit Risk of All Financial Instruments ##### [825-10-50-20](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-20) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:b1cc3c31437be7dcc832e3c2e586345506c2e322a5bf5139a87e20eb58699c10 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as indicated in paragraph [825-10-50-22](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-22), an entity shall disclose all significant concentrations of credit risk arising from all financial instruments, whether from an individual counterparty or groups of counterparties. Throughout paragraphs [825-10-50-20 through 50-21](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-20), the term _financial instruments_ includes derivative instruments accounted for under Topic 815. Group concentrations of credit risk exist if a number of counterparties are engaged in similar activities and have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic or other conditions. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, except as indicated in paragraph [825-10-50-22](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-22), an entity shall disclose all significant concentrations of credit risk arising from all financial instruments, whether from an individual counterparty or groups of counterparties. Throughout paragraphs [825-10-50-20 through 50-21](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-20), the term _financial instruments_ includes derivative instruments accounted for under Topic 815. Group concentrations of credit risk exist if a number of counterparties are engaged in similar activities and have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic or other conditions. ##### [825-10-50-21](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-21) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:fd4b40334e8c68a941bb238e25d383cbc5c07d1e4068f04e2d7dd9c7ba8f4ffb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Except as indicated in paragraph [825-10-50-22](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-22), all of the following shall be disclosed about each significant concentration: 1. a Information about the (shared) activity, region, or economic characteristic that identifies the concentration 2. b The maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity 3. c With respect to collateral, all of the following: 1. 1 The entity's policy of requiring collateral or other security to support financial instruments subject to credit risk 2. 2 Information about the entity's access to that collateral or other security 3. 3 The nature and a brief description of the collateral or other security supporting those financial instruments. 4. d With respect to master netting arrangements, all of the following: 1. 1 The entity's policy of entering into master netting arrangements to mitigate the credit risk of financial instruments 2. 2 Information about the arrangements for which the entity is a party 3. 3 A brief description of the terms of those arrangements, including the extent to which they would reduce the entity's maximum amount of loss due to credit risk. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, except as indicated in paragraph [825-10-50-22](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-22), all of the following shall be disclosed about each significant concentration: 1. a Information about the (shared) activity, region, or economic characteristic that identifies the concentration 2. b The maximum amount of loss due to credit risk that, based on the gross fair value of the financial instrument, the entity would incur if parties to the financial instruments that make up the concentration failed completely to perform according to the terms of the contracts and the collateral or other security, if any, for the amount due proved to be of no value to the entity 3. c With respect to collateral, all of the following: 1. 1 The entity's policy of requiring collateral or other security to support financial instruments subject to credit risk 2. 2 Information about the entity's access to that collateral or other security 3. 3 The nature and a brief description of the collateral or other security supporting those financial instruments. 4. d With respect to master netting arrangements, all of the following: 1. 1 The entity's policy of entering into master netting arrangements to mitigate the credit risk of financial instruments 2. 2 Information about the arrangements for which the entity is a party 3. 3 A brief description of the terms of those arrangements, including the extent to which they would reduce the entity's maximum amount of loss due to credit risk. ##### [825-10-50-22](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-22) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:0cba865c4bc440cb0ac85b40c51005b1b1dc8f13f636d75a125f1e9e46bc0665 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The requirements of paragraph [825-10-50-21](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-21) do not apply to the following financial instruments, whether written or held: 1. a The financial instruments described in paragraph [825-10-50-8(a); (c); (e); and (f)](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-8), except for [reinsurance recoverables](https://asc.understandingaccounting.org/glossary/r/#reinsurance-recoverable "All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.") and prepaid [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") premiums 2. b Financial instruments of a pension plan, including plan assets, if subject to the accounting and reporting requirements of Topic 715. Financial instruments of a pension plan, other than the obligations for pension benefits, if subject to the accounting and reporting requirements of Topic 960, are subject to the requirements of paragraphs [825-10-50-20 through 50-21](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-20) . #### Market Risk of All Financial Instruments ##### [825-10-50-23](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-23) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:227d03f7b3dad9df1848b105ab0d52023df843e12fd7fb5c968608e28c2a0c7a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity is encouraged, but not required, to disclose quantitative information about the market risks of financial instruments that is consistent with the way it manages or adjusts those risks. Appropriate ways of reporting that quantitative information will differ for different entities and will likely evolve over time as management approaches and measurement techniques evolve. Possibilities include disclosing any of the following: 1. a More details about current positions and perhaps activity during the period 2. b The hypothetical effects on comprehensive income (or net assets), or annual income, of several possible changes in market prices 3. c A gap analysis of interest rate repricing or maturity dates 4. d The duration of the financial instruments 5. e The entity's value at risk from derivatives and from other positions at the end of the reporting period and the average value at risk during the year. This list is not exhaustive, and an entity is encouraged to develop other ways of reporting quantitative information. ### Fair Value Option #### Applicability of This Subsection ##### [825-10-50-23A](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-23A) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:8e7c6f71dd8f86c72d8156d276f93d8633c211c0098f8ef1d703dc206e9a2aff Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This guidance discusses the applicability of the disclosure requirements in this Subsection to all entities that have elected the fair value option. ##### [825-10-50-24](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-24) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:36cab4855ed572507f39e0305717fc766252ed2f02c7bb4410140c36376825ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The principal objectives of the disclosures required by paragraphs [825-10-50-28 through 50-32](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28) are to facilitate both of the following comparisons: 1. a Comparisons between entities that choose different measurement attributes for similar assets and liabilities 2. b Comparisons between assets and liabilities in the financial statements of an entity that selects different measurement attributes for similar assets and liabilities. ##### [825-10-50-25](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-25) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:1792006518309ca15a6fab867cba9b3721898e60fc562fed11a7a28424a5147a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Those disclosure requirements are expected to result in the following: 1. a Information to enable users of its financial statements to understand management's reasons for electing or partially electing the [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.") option 2. b Information to enable users to understand how changes in fair values affect earnings for the period 3. c The same information about certain items (such as equity investments and nonperforming loans) that would have been disclosed if the fair value option had not been elected 4. d Information to enable users to understand the differences between fair values and contractual cash flows for certain items. To meet those objectives, the disclosures described in paragraphs [825-10-50-28 through 50-32](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28) are required for items measured at fair value under the option in this Subtopic and the option in paragraph [815-15-25-4](https://asc.understandingaccounting.org/asc/815/15/#815-15-25-4). Those disclosures are not required for securities classified as trading securities under Topic 320, life settlement contracts measured at fair value pursuant to Subtopic 325-30, or servicing rights measured at fair value pursuant to Subtopic 860-50. Those Subtopics include disclosure requirements not affected by this Subtopic. ##### [825-10-50-26](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-26) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:4df850ee099e31ebad8f61242c35006a69251116dd579b585cf6fe3ba5a93196 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Entities shall provide the disclosures required by paragraphs [825-10-50-28 through 50-32](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28) in both interim and annual financial statements. ##### [825-10-50-27](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-27) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:743ca1c1fc3985eb0358e0202afcc61874564338256d97df03865aa12e0b82b4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure requirements in paragraphs [825-10-50-28 through 50-30](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28) do not eliminate disclosure requirements included in other Subtopics, including other disclosure requirements relating to fair value measurement. Entities are encouraged but are not required to present the disclosures required by this Subtopic in combination with related fair value information required to be disclosed by other Subtopics (for example, the [General Subsection](https://asc.understandingaccounting.org/asc/825/10/#50-disclosure) of this Section and Topic 820). #### Required Disclosures as of Each Date for Which an Interim or Annual Statement of Financial Position Is Presented ##### [825-10-50-28](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:cdc488fdeb2c5e7b861e831a81088aa9e7cc2a4085d825d6a70758ccfaea7cdb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As of each date for which a statement of financial position is presented, entities shall disclose all of the following: 1. a Management's reasons for electing a fair value option for each eligible item or group of similar eligible items 2. b If the fair value option is elected for some but not all eligible items within a group of similar eligible items, both of the following: 1. 1 A description of those similar items and the reasons for partial election 2. 2 Information to enable users to understand how the group of similar items relates to individual line items on the statement of financial position. 3. c For each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, both of the following: 1. 1 Information to enable users to understand how each line item in the statement of financial position relates to major classes of assets and liabilities presented in accordance with the fair value disclosure requirements of Topic 820. (Paragraph [825-10-50-11](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-11) also requires an entity to relate carrying amounts that are disclosed in accordance with that paragraph to what is reported in the statement of financial position.) 2. 2 The aggregate carrying amount of items included in each line item in the statement of financial position that are not eligible for the fair value option, if any. 4. d The difference between the aggregate fair value and the aggregate unpaid principal balance of each of the following: 1. 1 Loans and long-term receivables (other than securities subject to Topic 320) that have contractual principal amounts and for which the fair value option has been elected 2. 2 Long-term debt instruments that have contractual principal amounts and for which the fair value option has been elected. 5. e For loans held as assets for which the fair value option has been elected, all of the following: 1. 1 The aggregate fair value of loans that are 90 days or more past due 2. 2 If the entity's policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status 3. 3 The difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both. 6. f For investments that would have been accounted for under the equity method if the entity had not chosen to apply the fair value option, the information required by paragraph [323-10-50-3](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3) (excluding the disclosures in paragraph [323-10-50-3(a)(3); (b); and (d)](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3)). Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)As of each date for which an interim or annual statement of financial position is presented, entities shall disclose all of the following: 1. a Management's reasons for electing a fair value option for each eligible item or group of similar eligible items 2. b If the fair value option is elected for some but not all eligible items within a group of similar eligible items, both of the following: 1. 1 A description of those similar items and the reasons for partial election 2. 2 Information to enable users to understand how the group of similar items relates to individual line items on the statement of financial position. 3. c For each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, both of the following: 1. 1 Information to enable users to understand how each line item in the statement of financial position relates to major classes of assets and liabilities presented in accordance with the fair value disclosure requirements of Topic 820. (Paragraph [825-10-50-11](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-11) also requires an entity to relate carrying amounts that are disclosed in accordance with that paragraph to what is reported in the statement of financial position.) 2. 2 The aggregate carrying amount of items included in each line item in the statement of financial position that are not eligible for the fair value option, if any. 4. d The difference between the aggregate fair value and the aggregate unpaid principal balance of each of the following: 1. 1 Loans and long-term receivables (other than securities subject to Topic 320) that have contractual principal amounts and for which the fair value option has been elected 2. 2 Long-term debt instruments that have contractual principal amounts and for which the fair value option has been elected. 5. e For loans held as assets for which the fair value option has been elected, all of the following: 1. 1 The aggregate fair value of loans that are 90 days or more past due 2. 2 If the entity's policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status 3. 3 The difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both. 6. f For investments that would have been accounted for under the equity method if the entity had not chosen to apply the fair value option, the information required by paragraph [323-10-50-3](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3) (excluding the disclosures in paragraph [323-10-50-3(a)(3); (b); and (d)](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3)). ##### [825-10-50-29](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-29) Pending content: no Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:4c94382c4464bff89851dceb5289a4e49d04e660b38ac07bdfda296975814ce9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure in paragraph [825-10-50-28(f)](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28) applies to investments in common stock, investments in in-substance common stock, and other investments (for example, partnerships and certain limited liability corporations) that both: 1. a Would otherwise be required to be accounted for under the equity method under other generally accepted accounting principles (GAAP) 2. b Would be required to satisfy the disclosure requirements of paragraph [323-10-50-3](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3). When applying paragraph [825-10-50-28(f)](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-28), an entity shall apply the guidance from paragraphs [323-10-50-2](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-2) and [323-10-50-3(a) and (c)](https://asc.understandingaccounting.org/asc/323/10/#323-10-50-3). #### Required Disclosures for Each Period for Which an Interim or Annual Income Statement Is Presented ##### [825-10-50-30](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-30) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:afd7b577f04df2ed6ed6e33c5f0c5be71848f939f2543e86097d43a9f12f4324 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For each period for which an income statement is presented, entities shall disclose all of the following about items for which the fair value option has been elected: 1. a For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings during the period and in which line in the income statement those gains and losses are reported. This Subtopic does not preclude an entity from meeting this requirement by disclosing amounts of gains and losses that include amounts of gains and losses for other items measured at fair value, such as items required to be measured at fair value. 2. b A description of how interest and dividends are measured and where they are reported in the income statement. This Subtopic does not address the methods used for recognizing and measuring the amount of dividend income, interest income, and interest expense for items for which the fair value option has been elected. 3. c For loans and other receivables held as assets, both of the following: 1. 1 The estimated amount of gains or losses included in earnings during the period attributable to changes in instrument-specific credit risk 2. 2 How the gains or losses attributable to changes in instrument-specific credit risk were determined. 4. d For liabilities, all of the following about the effects of the instrument-specific credit risk and changes in it: 1. 1 The amount of change, during the period and cumulatively, of the fair value of the liability that is attributable to changes in the instrument-specific credit risk 2. 2 [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 3. 3 How the gains and losses attributable to changes in instrument-specific credit risk were determined. 4. 4 If a liability is settled during the period, the amount, if any, recognized in other comprehensive income that was recognized in net income at settlement. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For each interim or annual period for which an income statement is presented, entities shall disclose all of the following about items for which the fair value option has been elected: 1. a For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings during the period and in which line in the income statement those gains and losses are reported. This Subtopic does not preclude an entity from meeting this requirement by disclosing amounts of gains and losses that include amounts of gains and losses for other items measured at fair value, such as items required to be measured at fair value. 2. b A description of how interest and dividends are measured and where they are reported in the income statement. This Subtopic does not address the methods used for recognizing and measuring the amount of dividend income, interest income, and interest expense for items for which the fair value option has been elected. 3. c For loans and other receivables held as assets, both of the following: 1. 1 The estimated amount of gains or losses included in earnings during the period attributable to changes in instrument-specific credit risk 2. 2 How the gains or losses attributable to changes in instrument-specific credit risk were determined. 4. d For liabilities, all of the following about the effects of the instrument-specific credit risk and changes in it: 1. 1 The amount of change, during the period and cumulatively, of the fair value of the liability that is attributable to changes in the instrument-specific credit risk 2. 2 [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 3. 3 How the gains and losses attributable to changes in instrument-specific credit risk were determined. 4. 4 If a liability is settled during the period, the amount, if any, recognized in other comprehensive income that was recognized in net income at settlement. #### Other Required Disclosures ##### [825-10-50-31](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-31) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:1512077896d9a5ecdd321d3639619e3e8d33b021e60d0dc871349fd518b54134 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In annual periods only, an entity shall disclose the methods and significant assumptions used to estimate the fair value of items for which the fair value option has been elected. For required disclosures about the method(s) and significant assumptions used to estimate the fair value of financial instruments, see paragraph [820-10-50-2(bbb)](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-2) except that an entity is not required to provide the quantitative disclosures about significant unobservable inputs used in fair value measurements categorized within Level 3 of the fair value hierarchy required by that paragraph. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)In interim and annual periods, an entity shall disclose the methods and significant assumptions used to estimate the fair value of items for which the fair value option has been elected. For required disclosures about the method(s) and significant assumptions used to estimate the fair value of financial instruments, see paragraph [820-10-50-2(bbb)](https://asc.understandingaccounting.org/asc/820/10/#820-10-50-2) except that an entity is not required to provide the quantitative disclosures about significant unobservable inputs used in fair value measurements categorized within Level 3 of the fair value hierarchy required by that paragraph. ##### [825-10-50-32](https://asc.understandingaccounting.org/asc/825/10/#825-10-50-32) Pending content: yes Source downloaded (UTC): 2026-09-10T01:44:31.419Z to 2026-09-10T01:44:31.419Z Record version: sha256:071c960f20177ba067225df9f4dd007a3e664e315773b8fa4ee3e57478ee8242 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If an entity elects the fair value option at the time one of the events in paragraph [825-10-25-4(d) through (e)](https://asc.understandingaccounting.org/asc/825/10/#825-10-25-4) occurs, the entity shall disclose both of the following in financial statements for the period of the election: 1. a Qualitative information about the nature of the event 2. b Quantitative information by line item in the statement of financial position indicating which line items in the income statement include the effect on earnings of initially electing the fair value option for an item. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If an entity elects the fair value option at the time one of the events in paragraph [825-10-25-4(d) through (e)](https://asc.understandingaccounting.org/asc/825/10/#825-10-25-4) occurs, the entity shall disclose both of the following in interim and annual financial statements for the period of the election: 1. a Qualitative information about the nature of the event 2. b Quantitative information by line item in the statement of financial position indicating which line items in the income statement include the effect on earnings of initially electing the fair value option for an item.