ASU 2013-01 — Balance Sheet (Topic 210)

The objective of this Update is to clarify that the scope of Accounting Standards Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, would apply to derivatives including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or are subject to a master netting arrangement or similar agreement.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2012-250—Balance Sheet (Topic 210) which has been deleted.

Issued: January 31, 2013