GAAP Taxonomy Improvements (pending Annual Updates)

GAAP TAXONOMY IMPROVEMENTS (PENDING ANNUAL UPDATES)

Improvements to the GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) result from Accounting Standards Updates (ASU) and other GAAP Taxonomy improvement projects. These improvements are included in the Development Taxonomy after completing appropriate due process steps and when they are effective (or early adoption is permitted) for the next Annual Update.

The FASB Taxonomy Online Review and Comment System (TORCS) is available to review and comment on the Development Taxonomy and other available GAAP Taxonomy projects year round. See the Development Taxonomy Page for additional instructions on providing comments through TORCS. However, for maximum benefit, constituents are encouraged to comment on proposed improvements as listed at Proposed GAAP Taxonomy Improvements.

GAAP TAXONOMY IMPROVEMENTS (PENDING ANNUAL UPDATES) AND SUPPORTING MATERIALS
Incorporated into the Development Taxonomy^†
Title	Status	TIG	In-line XBRL Viewer*	XBRL Files**
Accounting Standards Update 2023-01—Leases (Topic 842): Common Control Arrangements	C	N	N	N
Accounting Standards Update 2023-02—Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method	C	N	N	N
Accounting Standards Update 2023-03—Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock	C"	N	N	N
Accounting Standards Update 2023-04—Accounting Standards Update 2023-04—Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121	C	N	N	N
Accounting Standards Update 2023-05—Accounting Standards Update 2023-05—Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement	C	N	N	N

NOT YET INCORPORATED INTO THE DEVELOPMENT TAXONOMY
Title/Comment Period Deadline (CPD)	Release Notes	AP	TED	TIG	Inline Viewer*	XBRL Files**
None at this time.

OTHER PROPOSED GAAP TAXONOMY IMPROVEMENTS
Title/Comment Period Deadline (CPD)	Release Notes	AP	TED	TIG	Inline Viewer*	XBRL Files**
None at this time.

CODES:

C	ASU-related improvements incorporated into the current Development Taxonomy.
C'	No ASU-related improvements were incorporated into the current Development Taxonomy.
C"	Improvements were incorporated into the 2023 Taxonomy and approved in the last Annual Update.
F	ASU-related improvements with an effective date or early adoption provision after the next Annual GAAP Taxonomy will be incorporated in a future Development Taxonomy. GAAP Taxonomy improvements that will be incorporated in a future Development Taxonomy are included in an extract of the GAAP Taxonomy and are available for viewing in TORCS. Comments on these improvements should be made directly in TORCS.
TBD	To be determined.
TIG	GAAP Taxonomy Implementation Guide
Y	Included. Indicates that this item has been issued in connection with the GAAP Taxonomy Improvements.
*	This instance document and related extension taxonomy are not authoritative; rather they are intended to be used to understand and illustrate the implementation of the modeling in the GAAP Taxonomy. No conclusions should be made regarding other modeling choices or semantic considerations. This instance document and related extension taxonomy are not in compliance with certain EDGAR Filer Manual rules because it does not represent a complete filing and is an artificial construct for illustrative purposes. The FASB disclaims all responsibility for any use of this purely illustrative material for actual reporting or disclosure, or other non-hypothetical purposes. Please also see Terms of Use for this website.
**	Requires XBRL-enabled software to view.
^†	GAAP Taxonomy Improvements are incorporated in the current Development Taxonomy as they relate to ASUs that are either effective or can be early applied.