Goodwill and Other Intangible Assets

Status

Issued:
June 2001

Effective Date:
For fiscal years beginning after December 31, 2001; goodwill acquired in business combinations after June 30, 2001, shall not be amortized

Affects:
Deletes ARB 43, Chapter 5
Supersedes APB 17
Amends APB 18, paragraphs 19(m) and 19(n)
Replaces APB 18, footnote 9
Deletes APB 18, footnote 12
Supersedes AIN-APB 17, Interpretations No. 1 and 2
Amends FAS 2, paragraph 11(c)
Amends FAS 44, paragraphs 3, 4, and 7
Amends FAS 51, paragraphs 13 and 14
Amends FAS 52, paragraph 48
Amends FAS 68, footnote 3
Replaces FAS 71, paragraphs 29 and 30
Amends FAS 72, paragraphs 4, 6, and 7
Deletes FAS 72, footnotes 5 and 6
Amends FAS 121, paragraphs 3, 4, 6, 27, and 147
Deletes FAS 121, paragraph 12

Affected by:
Summary amended by FAS 141(R), paragraph E4(c)
Paragraph 1 amended by FAS 141(R), paragraph E27(a), and FAS 164, paragraph E12(a)
Paragraphs 2, 10, 30, 32, 34, 39, 42, 43, 47(b), 54, and 61 amended by FAS 164 paragraphs E12(b), E12(f), E12(j), E12(k), E12(l), E12(n), E12(p), E12(q), E12(s), E12(w) and E12(y), respectively
Paragraph 3 amended by FAS 157, paragraph E22(a)
Paragraph 4 amended by FAS 141(R), paragraph E4(b), and FAS 164, paragraph E12(c)
Paragraph 6 amended by FAS 141(R), paragraph E27(b); FAS 160, paragraph C10(a); and FAS 164, paragraph E12(d)
Paragraph 6A added by FAS 141(R), paragraph E27(c)
Paragraph 7 and footnote 22 deleted by FAS 144, paragraphs C17(a) and C17(f), respectively
Paragraph 8 amended by FAS 145, paragraph 9(m), and FAS 141(R), paragraph E27(d)
Paragraph 8(c) effectively deleted by FAS 145, paragraph 6
Paragraph 8(i) amended by FAS 145, paragraph 9(m)
Paragraph 9 amended by FAS 141(R), paragraph E27(e); FAS 164, paragraph E12(e); and Accounting Standards Update 2010-08, paragraph A10(b)
Paragraph 11 amended by FSP FAS 142-3, paragraph A1(a)
Paragraph 11(b) amended by FSP FAS 141-1/142-1 and FAS 141(R), paragraph E44(a)
Paragraphs 15, 17, 28(f), 29, and Appendix A (Examples 1 through 3, 5, and 9) amended by FAS 144, paragraphs C17(b) through C17(e) and C17(g), respectively
Paragraph 16 amended by FAS 141(R), paragraph E27(h), and FAS 164, paragraph E12(h)
Paragraphs 19 and 23 amended by FAS 157, paragraphs E22(c) and E22(d), respectively
Paragraph 21 amended by FAS 141(R), paragraph E27(i)
Paragraph 22 amended by FAS 165, paragraph B10
Paragraphs 24 and E1 through E3 deleted by FAS 157, paragraphs E22(e) and E22(f) respectively
Paragraph 33 amended by FAS 141(R), paragraph E27(k)
Paragraph 35 amended by FAS 141(R), paragraph E27(l); FAS 145, paragraph 9(m); and FAS 164, paragraph E12(m)
Paragraph 38 deleted by FAS 160, paragraph C10(b)
Paragraph 39A added by FAS 160, paragraph C10(c), and amended by FAS 164 paragraph E12(o)
Paragraph 44 amended by FAS 141(R), paragraph E27(m); FSP FAS 142-3, paragraph A1(b); and FAS 164, paragraph E12(r)
Paragraph 45 amended by FSP FAS 142-3, paragraph A1(c)
Paragraphs 45(c) and 48 amended by FAS 141(R), paragraphs E27(n) and E27(o), respectively
Paragraph 48(b) replaced by FAS 164, paragraph E12(t)
Paragraph 49 replaced by FAS 141(R), paragraph E27(p)
Paragraph 49(b) amended by FAS 147, paragraph B3(a)
Paragraphs 50 and 52 amended by FAS 141(R), paragraphs E27(q) and E27(r), respectively
Paragraph 52 deleted by FAS 164, paragraph E12(u)
Paragraphs 53A and 53B and 58A through 58D added by FAS 164, paragraphs E12(v) and E12(x), respectively
Paragraph A1 amended by FSP FAS 142-3, paragraph A1(d)
Paragraph C2 amended by FAS 141(R), paragraph E27(s), and FSP FAS 142-3, paragraph A1(e)
Paragraph D9(a) effectively deleted by FAS 147, paragraph 5
Paragraph D11 deleted by FAS 147, paragraph B3(b), and FAS 141(R), paragraph E44(b)
Paragraph D11(a)(2) deleted by FAS 145, paragraph 9(m)
Paragraph F1 amended by FAS 141(R), paragraph E27(t), and FAS 157, paragraph E22(g)
Footnote 1 deleted by FAS 141(R), paragraph E27(a)
Footnote 3 amended by FAS 141(R), paragraph E4(b), and FAS 164, paragraph E12(c)
Footnotes 6 and 9 amended by FAS 141(R), paragraphs E27(c) and E27(f), respectively
Footnote 5 deleted by FAS 141(R), paragraph E27(b)
Footnote 5 replaced by FAS 160, paragraph C10(a)
Footnote 5 amended by FAS 164, paragraph E12(d)
Footnote 6 deleted by Accounting Standards Update 2010-08, paragraph A10(b)
Footnotes 7, 11, 14, 18, and 21 amended by FAS 141(R), paragraphs E27(e), E27(g), E27(i) E27(j), and E27(l), respectively, and FAS 164, paragraphs E12(e), E12(g), E12(i), E12(j), and E12(m), respectively
Footnotes 8 and 25 deleted by FAS 141(R), paragraphs E27(e) and E27(p), respectively
Footnotes 12 and 16 deleted by FAS 157, paragraphs E22(b) and E22(d), respectively
Footnote 22 deleted by FAS 144, paragraph C17
Footnote 24 replaced by FAS 141(R), paragraph E27(o)
Footnote 24 deleted by FAS 164, paragraph E12(t)

Other Interpretive Releases:
FASB Staff Positions FAS 141-1/142-1 and FAS 142-2

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:
SOP 88-1
SOP 90-7
SOP 93-7
SOP 94-6

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:
Partially nullifies EITF Issues No. 85-8, 85-42, 88-20, and 90-6

Interpreted by:
Paragraph 10 interpreted by EITF Issue No. 97-13
Paragraph 17 interpreted by EITF Issue No. 02-7
Paragraph 19 interpreted by EITF Issue No. 02-13
Paragraph 20 interpreted by EITF Issues No. 02-7 and 02-13
Paragraph 21 interpreted by EITF Issue No. 02-13 and Topic No. D-10
Paragraph 30 interpreted by EITF Topic No. D-101
Paragraph 32 interpreted by EITF Issue No. 02-13

Related Issues:
EITF Issues No. 85-41, 88-19, 89-19, 92-9, 93-1, 98-11, 02-17, 03-9, 03-14, 03-17, 04-1 04-2, 04-4, 08-7, and 09-2


_________________________
^*Note: Amendments as a result of the issuance of FAS 141(R) are effective for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after 12/15/08.
^†Note: Amendments as a result of the issuance of FAS 160 are effective for fiscal years and interim periods within those fiscal years, beginning on or after 12/15/08, for all entities that prepare consolidated financial statements (except for not-for-profit organizations).
^§Note: Amendments as a result of the issuance of FSP FAS 142-3 are effective for financial statements issued for fiscal years beginning after 12/15/08 and interim periods within those fiscal years.


Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides