ASU Taxonomy Changes

Changes to XBRL 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. Constituents are notified of changes to XBRL elements in the XBRL 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 an XBRL Taxonomy Exposure Draft-ASU (indicated by “FR” in the Taxonomy Exposure Draft column), comments should be made through the FASB Online Review and Comment System. Constituents should be aware that the issuance of a draft ASU and the issuance of a XBRL Taxonomy Exposure Draft-ASU may not happen concurrently in all cases. In those cases, the date that the XBRL 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.

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
Accounting Standards Update No, 2015-15—Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting F C NA  
Accounting Standards Update No. 2015-13—Derivatives and Hedging (Topic 815) Application of the Normal Purchases and Normal Sales Scope Exception to Certain Electricity Contracts within Nodal Energy Markets (a consensus of the FASB Emerging Issues Task Force) F C NA  
Accounting Standards Update No. 2015-11—Inventory (Topic 330): Simplifying the Measurement of Inventory F C TBD  
Accounting Standards Update No. 2015-10—Technical Corrections and Improvements F C TBD  
Accounting Standards Update No. 2015-09—Pushdown Accounting (Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 F C NA  
Accounting Standards Update No. 2015-08—Insurance (Topic 944): Disclosures about Short-Duration Contracts F C TBD  
Accounting Standards Update No. 2015-07—Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (a consensus of the FASB Emerging Issues Task Force) F C NA  
Accounting Standards Update No. 2015-06—Earnings Per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions (a consensus of the FASB Emerging Issues Task Force) F C NA  
Accounting Standards Update No. 2015-05—Intangibles—
Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement
F C NA  
Accounting Standards Update 2015-04—Compensation—Retirement Benefits(Topic 715: Practical Expedient for the Measurement Date of an Employer’s Defined Benefit Obligation and Plan Assets F C G2015PE  
Accounting Standards Update No. 2015-03—Interest—Imputation of Interest (Subtopic 835-30: Simplifying the Presentation of Debt Issuance Cost F C NA  
Accounting Standards Update No 2015-02—Consolidation (Topic 810): Amendments to the Consolidation Analysis F C NA  
Accounting Standards Update No 2015-01—Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items F C NA  
Accounting Standards Update No. 2014-09—Revenue from Contracts with Customers (Topic 606) F TBD TBD  
Proposed Accounting Standards Update—Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments (a consensus of the FASB Emerging Issues Task Force) E T NA October 6, 2015
Proposed Accounting Standards Update—Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (a consensus of the FASB Emerging Issues Task Force) E T NA October 6, 2015
Proposed Accounting Standards Update —Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Equity Method of Accounting E T   Closed
Proposed Accounting Standards Update—Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments E T NA Closed
Proposed Accounting Standards Update—Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing E T NA Closed
Proposed Accounting Standards Update—Liabilities—Extinguishments of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Cards (a consensus of the FASB Emerging Issues Task Force) E T NA Closed
Proposed Accounting Standards Update—Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes P T NA Closed
Proposed Accounting Standards Update—Income Taxes (Topic 740): Intra-Entity Transfers P T NA Closed
Proposed Accounting Standards Update—Insurance Contracts (Topic 834) E TBD TBD  
Proposed Accounting Standards Update—Leases (Topic 842): a revision of the 2010 proposed FASB Accounting Standards Update, Leases (Topic 840) E TBD TBD  
Proposed Accounting Standards Update—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities E TBD TBD  
Proposed Accounting Standards Update—Financial Instruments—Credit Losses (Subtopic 825-15) E TBD TBD  
Proposed Accounting Standards Update—Consolidation (Topic 810): Principal versus Agent Analysis E TBD TBD  

Codes:

F A Final ASU has been issued.
E An Exposure Draft has been issued.
T Changes to the Taxonomy 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 2016 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 XBRL 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 2016 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.