Tentative Board Decisions

Tentative Board decisions are provided for those interested in following the Board’s deliberations. All of the reported decisions are tentative and may be changed at future Board meetings.

Wednesday, March 20, 2019 FASB Board Meeting

Simplifying the balance sheet classification of debt. The Board continued redeliberations of the proposed Accounting Standards Update, Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent). The Board made the following decisions.

Classification Principle—Unused Long-Term Financing Arrangements

The Board affirmed its previous decision that an unused long-term financing arrangement in place at the balance sheet date should be disregarded in determining the classification of debt.


The Board decided not to amend the disclosure requirements on the combined aggregate amount of maturities in Topic 470 as part of this project.

Next Steps

The Board directed the staff to draft a revised proposed Accounting Standards Update for vote by written ballot, with a comment period of 45 days.