FASB Issues Proposed Update for Future* Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Market-Return Cash Balance Plans

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4. FASB Issues Proposed Update for Future* Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Market-Return Cash Balance Plans

FASB Issues Proposed Update for Future* Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Market-Return Cash Balance Plans

The Financial Accounting Standards Board (FASB) has published a proposed update to the U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy related to the Proposed Accounting Standards Update (ASU) on Compensation - Retirement Benefits - Defined Benefit Plans - Pension (Subtopic 715-30) - Discount Rate Used to Measure the Benefit Obligation for Certain Market-Return Cash Balance Plans. The proposed taxonomy update will include reference modifications, new elements for ASU identification, and deprecation for guidance that is no longer applicable. The public comment period on the proposed update ends on August 10, 2026.

Comments should be . The SEC staff encourages filers, investors, analysts, software service providers, and other interested parties to participate in this public review to continue to improve the process for creating and using eXtensible Business Reporting Language (XBRL)-structured financial statements.

Only annual compilations of the U.S. GAAP Financial Reporting Taxonomy that are specified on the Commission's website may be used in SEC XBRL submissions. The availability for public comment of the proposed U.S. GAAP Financial Reporting Taxonomy update does not indicate Commission approval of any potential regulatory changes related to the Electronic Data Gathering, Analysis and Retrieval (EDGAR) Filer Manual. Please refer to the SEC's EDGAR webpage for updated information on when the Commission approves changes, if any, related to the EDGAR Filer Manual.

*The taxonomy version for proposed updates related to proposed Accounting Standards Updates will be determined based on the effective date of each final Accounting Standards Update.

Last Reviewed or Updated: June 17, 2026