{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/960/20/#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":"960","topic_title":"Plan Accounting—Defined Benefit Pension Plans","subtopic":"960-20","subtopic_title":"Accumulated Plan Benefits","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"960-20-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_19866236-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">As discussed in paragraph <a href=\"/asc/205/960/#205-960-45-1\" class=\"xref\">960-205-45-1</a>, the annual financial statements of a plan shall include </span></span><span class=\"sfragment\" id=\"sfr_19866398-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">information regarding the <a href=\"/glossary/a/#actuarial-present-value-of-accumulated-plan-benefits\" class=\"term\" title=\"The amount as of a benefit information date that results from applying actuarial assumptions to the benefit amounts determined pursuant to paragraphs 960-20-25-3960-20-25-4960-20-25-5 (that is, the accumulated plan benefits), with the actuarial assumptions being used to adjust those amounts to reflect the time value of money (through discounts for interest) and the probability of payment (by means of decrements such as for death, disability, withdrawal, or retirement) between the benefit information date and the expected date of payment.\"><span>actuarial present value of accumulated plan benefits</span></a> as of either the beginning or end of the plan year. </span></span></div></div>","snippet":"As discussed in paragraph 960-205-45-1, the annual financial statements of a plan shall include information regarding the actuarial present value of accumulated plan benefits as of either the beginning or end of the plan…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82b97d02ae4501000aaf0fd5b08ef83fb61c092bcd5722073922904c0d4fb05b","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_19866493-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Certain flexibility is allowed in presenting the information regarding the actuarial present value of accumulated plan benefits and the year-to-year changes therein. </span></span><span class=\"sfragment\" id=\"sfr_19866589-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">That information may be presented on the face of one or more financial statements or in notes thereto. Regardless of the format selected, each category of information shall be presented in its entirety in the same location. </span></span><span class=\"sfragment\" id=\"sfr_198666A7-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If a statement format is selected for either category, a separate statement may be used to present that information or, provided the information is as of the same date or for the same period, that information may be presented together with information regarding the <a href=\"/glossary/n/#net-assets-available-for-benefits\" class=\"term\" title=\"The difference between a plan's assets and its liabilities. For purposes of this definition, a plan's liabilities do not include participants' accumulated plan benefits.\"><span>net assets available for benefits</span></a> and the year-to-year changes therein. </span></span></div></div>","snippet":"Certain flexibility is allowed in presenting the information regarding the actuarial present value of accumulated plan benefits and the year-to-year changes therein. That information may be presented on the face of one o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37bab06967d74c6266e5602e98dae331e798e2dc31a6b381828cf8d4daaa5bbf","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:112e0cd98a672b413e883f0265f18ec65f7abf64728c386f3e8191017cf38a1f","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"block":null,"heading":"Actuarial Present Value of Accumulated Plan Benefits","paragraphs":[{"citation":"960-20-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_19866798-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The total actuarial present value of accumulated plan benefits as of the <a href=\"/glossary/b/#benefit-information-date\" class=\"term\" title=\"The date as of which the actuarial present value of accumulated plan benefits is presented.\"><span>benefit information date</span></a> shall be segmented into at least the following categories: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_19866879-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/v/#vested-benefits\" class=\"term\" title=\"Benefits for which the employee's right to receive a present or future pension benefit is no longer contingent on remaining in the service of the employer. (Other conditions, such as inadequacy of the pension fund, may prevent the employee from receiving the vested benefit.) Under graded vesting, the initial vested right may be to receive in the future a stated percentage of a pension based on the number of years of accumulated credited service; thereafter, the percentage may increase with the number of years of service or of age until the right to receive the entire benefit has vested.\"><span>Vested benefits</span></a> of participants currently receiving payments, including <a href=\"/glossary/b/#benefits\" class=\"term\" title=\"The monetary or in-kind benefits or benefit coverage to which participants may be entitled under a pension plan or a health and welfare plan (which can include active, terminated, and retired employees or their dependents or beneficiaries). Examples of benefits may include, but are not limited to, health care benefits, life insurance, legal, educational, and advisory services, pension benefits, disability benefits, death benefits, and benefits due to termination of employment.\"><span>benefits</span></a> </span></span><span class=\"sfragment\" id=\"sfr_19866956-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> due and payable as of the benefit information date </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_19866A5D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Other vested benefits </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">c</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_19866B8F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Nonvested benefits. </span></span></div></li></ol></div></div>","snippet":"The total actuarial present value of accumulated plan benefits as of the benefit information date shall be segmented into at least the following categories:\n(a) Vested benefits of participants currently receiving payment…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:388a0ba572e57ba56327aabd0b760fd302e5e3706950fa8c7ace1c483f2b71e9","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_19866CE2-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Such minimum segmentation is useful in assessing a plan's near-term versus long-range liquidity requirements. </span></span><span class=\"sfragment\" id=\"sfr_19866E1C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">It might also provide some indication of the relative degree of objectivity or subjectivity inherent in determining the <a href=\"/glossary/b/#benefit-information\" class=\"term\" title=\"The actuarial present value of accumulated plan benefits.\"><span>benefit information</span></a> and will provide information needed by those who wish to make certain judgments or wish to compute certain financial ratios, for example, <a href=\"/glossary/n/#net-asset-information\" class=\"term\" title=\"Information regarding the net assets available for benefits.\"><span>net asset information</span></a> to <a href=\"/glossary/v/#vested-benefit-information\" class=\"term\" title=\"The actuarial present value of vested accumulated plan benefits.\"><span>vested benefit information</span></a>. </span></span></div></div>","snippet":"Such minimum segmentation is useful in assessing a plan's near-term versus long-range liquidity requirements. It might also provide some indication of the relative degree of objectivity or subjectivity inherent in determ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3d1caf6f4750aca80cd6ec40568660ef759b575ee923506de0d4be0857dfa375","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-5","para":"45-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_19866F54-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Information regarding <a href=\"/glossary/a/#accumulated-plan-benefits\" class=\"term\" title=\"Future benefit payments that are attributable under the provisions of a pension plan to employees' service rendered to the benefit information date. Accumulated plan benefits comprise benefits expected to be paid to any of the following: Retired or terminated employees or their beneficiaries Beneficiaries of deceased employees Present employees or their beneficiaries.\"><span>accumulated plan benefits</span></a> shall relate only to pension obligations. Even in situations in which separate financial statements are not prepared for a related health and welfare benefit plan, obligations related to retiree health benefits provided pursuant to Section 401(h) of the Internal Revenue Code shall not be reported in the statement of accumulated plan benefits of the <a href=\"/glossary/d/#defined-benefit-plan\" class=\"term\" title=\"A defined benefit plan provides participants with a determinable benefit based on a formula provided for in the plan. Defined benefit health and welfare plans—Defined benefit health and welfare plans specify a determinable benefit, which may be in the form of a reimbursement to the covered plan participant or a direct payment to providers or third-party insurers for the cost of specified services. Such plans may also include benefits that are payable as a lump sum, such as death benefits. The level of benefits may be defined or limited based on factors such as age, years of service, and salary. Contributions may be determined by the plan's actuary or be based on premiums, actual claims paid, hours worked, or other factors determined by the plan sponsor. Even when a plan is funded pursuant to agreements that specify a fixed rate of employer contributions (for example, a collectively bargained multiemployer plan), such a plan may nevertheless be a defined benefit health and welfare plan if its substance is to provide a defined benefit. Defined benefit pension plan—A pension plan that defines an amount of pension benefit to be provided, usually as a function of one or more factors such as age, years of service, or compensation. Any pension plan that is not a defined contribution pension plan is, for purposes of Subtopic 715-30, a defined benefit pension plan. Defined benefit postretirement plan—A plan that defines postretirement benefits in terms of monetary amounts (for example, $100,000 of life insurance) or benefit coverage to be provided (for example, up to $200 per day for hospitalization, or 80 percent of the cost of specified surgical procedures). Any postretirement benefit plan that is not a defined contribution postretirement plan is, for purposes of Subtopic 715-60, a defined benefit postretirement plan. (Specified monetary amounts and benefit coverage are collectively referred to as benefits.)\"><span>defined benefit pension plan</span></a> financial statements. </span></span></div></div>","snippet":"Information regarding accumulated plan benefits shall relate only to pension obligations. Even in situations in which separate financial statements are not prepared for a related health and welfare benefit plan, obligati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9eb63d489abd3a088457631517b66dfda032317171b1c8327bcc55879ae1107","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d78f0165345630f43fffb580fda7a11d43351ffeda57519325b536e65589874b","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"block":null,"heading":"Changes in the Actuarial Present Value of Accumulated Plan Benefits","paragraphs":[{"citation":"960-20-45-6","para":"45-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_198670AD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> If significant, either individually or in the aggregate, the effects of certain factors affecting the change in the actuarial present value of accumulated plan benefits from the preceding to the current benefit information date shall be identified. </span></span><span class=\"sfragment\" id=\"sfr_198671BE-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Effects that are individually significant shall be separately identified. </span></span></div></div>","snippet":"If significant, either individually or in the aggregate, the effects of certain factors affecting the change in the actuarial present value of accumulated plan benefits from the preceding to the current benefit informati…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ccfc03b53a7ce68ec5fed6fed73919d1f2e18a37b1cc5ed537d5482b7edb24e","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-7","para":"45-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_198672D4-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The effects of factors comprising the net change in the benefit information will vary depending on the order in which the effects are calculated. </span></span><span class=\"sfragment\" id=\"sfr_198673FF-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> No order for such determination is prescribed by this Subtopic. </span></span></div></div>","snippet":"The effects of factors comprising the net change in the benefit information will vary depending on the order in which the effects are calculated. No order for such determination is prescribed by this Subtopic.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bf7f3ddb8be09c19bdba15d0a03d4633aa0c6fe2dedbc0c8105ec7339c4b607","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-8","para":"45-8","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_1986751C-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Information regarding changes in the actuarial present value of accumulated plan benefits may be presented in either of the following ways: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_19867642-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">In a statement that accounts for the change between two benefit information dates </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_19867748-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Elsewhere in the financial statements. </span></span></div></li></ol></div></div>","snippet":"Information regarding changes in the actuarial present value of accumulated plan benefits may be presented in either of the following ways:\n(a) In a statement that accounts for the change between two benefit information …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6c95b73e74658782e25c95c0105a214de914bc30a84764f3d6c77338db935c16","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}},{"citation":"960-20-45-9","para":"45-9","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_19867813-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If only the minimum required disclosure is presented, presentation in a statement format will necessitate an additional unidentified other category to reconcile the beginning and ending amounts. </span></span></div></div>","snippet":"If only the minimum required disclosure is presented, presentation in a statement format will necessitate an additional unidentified other category to reconcile the beginning and ending amounts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:577e2041e781e332c9a02098854b5e609c576df467902e19ca887ee22de449c7","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66c0e0cbaa6e352715844d47d7e58922dbdb96c6ca025457455e008296f1fc14","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481042","source_sha256":"88be53d1b0f65aa9db111c50272eb034146b8ab25dcbb6520892f4a0b2ea45db"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:918d4ad32eb6c62cdccb6803db06e20cd296a42abffb4fc66d4ac7a8a90d3357","downloaded_from":"2026-09-10T02:22:57.487Z","last_downloaded_at":"2026-09-10T02:22:57.487Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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