ASU Taxonomy Changes

Changes to elements contained in the U.S. GAAP Financial Reporting Taxonomy (Taxonomy) may result from Accounting Standards Updates (ASU) that amend the FASB Accounting Standards Codification® (ASC). These changes are not included in the Development Taxonomy or approved US GAAP Taxonomy Release until they become effective or early adoption is permitted. Constituents are notified of changes to Taxonomy elements in the Taxonomy Appendix contained in each ASU and are directed to this page for instruction on providing comments on those changes.

If the proposed changes to the Taxonomy have been included in a Taxonomy Exposure Draft-ASU (indicated by “FR” in the Taxonomy Exposure Draft column), comments should be made through the FASB Taxonomy Online Review and Comment System (TORCS). Constituents should be aware that the issuance of a draft ASU and the issuance of a Taxonomy Exposure Draft-ASU may not happen concurrently in all cases. In those cases, the date that the Taxonomy Exposure Draft-ASU is expected to be issued will be included in the table below in the Taxonomy Exposure Draft column.

If the proposed changes to the Taxonomy have been exposed by a different method, (indicated by “T” in the Taxonomy Exposure Draft column) or there are no changes currently proposed but you believe that changes to the Taxonomy are required please provide your comments and suggested changes to xbrled@fasb.org.

During the year, a Taxonomy Appendix to each proposed ASU is published which lists proposed elements associated with an ASU (proposed ASU) that is being exposed for comment. These elements from the Taxonomy Appendixes are incorporated into the Development Taxonomy when those ASUs are issued as final and are effective or early adoption is permitted in order to provide constituents with an opportunity to comment on the proposed changes before the Taxonomy is accepted by the SEC. A list of those ASUs which have changes that have been incorporated into the Development Taxonomy is included at ASU Taxonomy Changes Incorporated into the Development Taxonomy.

Proposed elements in a Taxonomy Appendix for ASUs that have been finalized after the Development Taxonomy is issued for public comment in September for 60 days (Current Release) will not appear in the Current Release. The proposed changes to the Taxonomy are available in a separate document included at ASU Taxonomy Changes Incorporated into the Development Taxonomy and comments may be provided to xbrled@fasb.org. Taxonomy changes related to ASUs issued after the Current Release will be included in the final Taxonomy once it has been accepted by the SEC and will be available for comment using the TORCS.



The Following ASU Proposed Taxonomy Changes are currently available for comment:


PROPOSED TAXONOMY CHANGES AND SUPPORTING MATERIALS
ASU # and Title ASU
Status
Taxonomy Exposure
Draft
Taxonomy Implementation Guide XBRL Comment Deadline
Proposed Accounting Standards Update—Income Taxes (Topic 740): Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes E T NA December 30, 2016
Proposed Accounting Standards Update—Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities  E T NA December 30, 2016  
Proposed Accounting Standards Update—Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control E T  NA December 30, 2016  
Proposed Accounting Standards Update—Technical Corrections and Improvements to Update No. 2014-09, Revenue from Contracts with Customers (Topic 606)—Additional Corrections  E T NA December 30, 2016  
Proposed Accounting Standards Update—Technical Corrections and Improvements E T NA Closed
Proposed Accounting Standards Update—Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Changes to the Disclosure Requirements for Defined Benefit Plans E T NA Closed
 
Proposed Accounting Standards Update—Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force) E T NA Closed
Proposed Accounting Standards Update—Other Income— Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets E T NA Closed
Proposed Accounting Standards Update—Technical Corrections and Improvements to Update 2014-09, Revenue from Contracts with Customers (Topic 606) E T NA Closed
Proposed Accounting Standards Update—Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment E T NA Closed
Proposed Accounting Standards Update—Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost E T
TIG
 
NA Closed
Proposed Accounting Standards Update—Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance E T NA Closed
Proposed Accounting Standards Update—Income Taxes (Topic 740): Intra-Entity Transfers E T NA Closed
Financial Instruments—Overall (Subtopic 824-10): Recognition and Measurement of Financial Assets and Financial Liabilities (Update 2016-01) F Non-early adoption provisions NA  
Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting (Update 2016-11) F TBD NA  
Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (Update 2016-13) F TBD TBD  

Codes:

F A Final ASU has been issued.
E An Exposure Draft has been issued.
EA Elements available for early adoption of a final Standard.
T Changes to the Taxonomy are available in a separate document.
TIG Changes to Taxonomy Implementation Guides are available in a separate document.
FR
Changes to the Taxonomy have been included in a XBRL Taxonomy Exposure Draft-ASU.
C Changes are included in the 2017 Development Taxonomy. Comments should be made through the FASB Taxonomy Online Review and Comment System.
NC No changes to the Taxonomy have been proposed for this ASU.
NA Not applicable. Indicates that this item has not been issued in connection with the ASU.
TBD Date of document to be determined.
GXXXX Implementation Guide issued for XXXX Taxonomy.


ASU Taxonomy Changes Exposed for Comment in an Taxonomy Exposure Draft-ASU

An ASU Taxonomy Change may be accompanied by release notes and a human-readable XBRL document that incorporates the ASU element changes and provides an illustration of how those elements may be used to create XBRL documents.

The ASU Taxonomy Changes are exposed in a copy of the 2017 Development Taxonomy to provide context for the reader. These changes are identified with the label “Fragment Documentation Label” which identifies the relevant ASU and the nature of the change in a similar fashion to changes documented in the Taxonomy. The following are the types of changes documented in the label:
  1. New Element
  2. Modified References
  3. Modified Documentation Label. (which includes the original text for review purposes)
  4. Modified Standard, Period Start, Period End, or Total Labels
  5. Element Deprecated
  6. Modified Deprecated Label
  7. Modified Deprecated Date
“Shared Searches” are included to facilitate discovery of the changes. After applying the “Shared Search” and selecting “Highlight Matches” at the bottom of the screen, the filter highlights in pale yellow the relationships groups, presentation relationships, calculation relationships, and definition relationships that contain elements that are modified or added as a result of the amendments in the Update. An additional “Shared Search” is included that excludes modified relationships. Constituents may find this filter easier to use. As the constituent navigates through the taxonomy, all changes are highlighted in bright yellow.


THE TAXONOMIES AND SUPPORTING MATERIALS PROVIDED THROUGH THESE LINKS ARE FOR REVIEW PURPOSES ONLY AND ARE NOT TO BE USED OR RELIED UPON FOR ANY PURPOSES OTHER THAN FOR THIS REVIEW AND COMMENT. YOUR USE OF THE TAXONOMIES FOR THESE PURPOSES SHALL BE SUBJECT TO THE TERMS AND CONDITIONS LOCATED AT THE INITIAL LINK TO THE TAXONOMIES.