FASB Issues Proposed Update for Future Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Targeted Improvements to Indexation

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FASB Issues Proposed Update for Future Version of U.S. GAAP Financial Reporting Taxonomy Related to Proposed ASU on Targeted Improvements to Indexation

Nov. 10, 2026 - The XBRL staff of the Financial Accounting Standards Board (FASB) has published a proposed update for a future* version of the U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy related to the Proposed Accounting Standards Update (ASU) on Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40) - Targeted Improvements to Indexation. The proposed taxonomy update would include reference modifications, new elements for the disclosure of variables or contingent events related information and ASU identification, as well as deprecation for guidance that is no longer applicable. The public comment period on the proposed update ends on Jan. 4, 2027.

Comments should be submitted directly to the FASB. 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 SEC'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. For guidance to conform to SEC XBRL filing requirements, see the EDGAR XBRL Guide.

*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: Nov. 10, 2026