abc-20241231http://www.abc.com/20241231#SubsidiaryNotInChapter11Memberhttp://www.abc.com/20241231#SubsidiaryNotInChapter11Memberhttp://www.abc.com/20241231#SubsidiaryNotInChapter11Memberhttp://www.abc.com/20241231#SubsidiaryNotInChapter11Member01234567892024-01-012024-12-310123456789us-gaap:ReorganizationChapter11DebtorInPossessionMember2024-12-31iso4217:USD0123456789us-gaap:NonrelatedPartyMemberus-gaap:ReorganizationChapter11DebtorInPossessionMember2024-12-310123456789us-gaap:RelatedPartyMemberus-gaap:ReorganizationChapter11DebtorInPossessionMember2024-12-310123456789us-gaap:NonrelatedPartyMemberus-gaap:ReorganizationChapter11DebtorInPossessionMember2024-01-012024-12-310123456789us-gaap:RelatedPartyMemberus-gaap:ReorganizationChapter11DebtorInPossessionMember2024-01-012024-12-310123456789us-gaap:ReorganizationChapter11DebtorInPossessionMember2024-01-012024-12-31iso4217:USDxbrli:shares0123456789us-gaap:ReorganizationChapter11DebtorInPossessionMember2023-12-3101234567892024-06-0101234567892024-04-060123456789srt:MinimumMember2024-04-060123456789srt:MaximumMember2024-04-060123456789us-gaap:ReorganizationChapter11PredecessorBeforeAdjustmentMember2024-10-010123456789us-gaap:DischargeOfDebtMember2024-10-0101234567892024-10-010123456789us-gaap:ReorganizationChapter11FreshStartAdjustmentMember2024-10-010123456789us-gaap:ExchangeOfStockForStockMember2024-10-0101234567892024-10-022024-12-3101234567892024-12-31
Version 2.0
February 2024
Reorganizations
(2024 GAAP Taxonomy†)
GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
(collectively referred to as the “GAAP Taxonomy”)
Implementation Guide Series
* Changes from the 2023 GAAP Taxonomy Implementation Guide are included in Appendix A.
The GAAP Taxonomy Implementation Guide is not authoritative; rather, it is a document that communicates how the GAAP Financial Reporting Taxonomy (GRT) and the SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”) are designed. It also provides other information to help a user of the GAAP Taxonomy understand how elements and relationships are structured.
| | |
Copyright © 2024 by Financial Accounting Foundation. All rights reserved. Content copyrighted by Financial Accounting Foundation may not be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Financial Accounting Foundation. Financial Accounting Foundation claims no copyright in any portion hereof that constitutes a work of the United States Government. |
GAAP Taxonomy Implementation Guide on Reorganizations
Overview
The purpose of this GAAP Taxonomy Implementation Guide (Guide) is to demonstrate the modeling for the reporting of a Chapter 11 reorganization under FASB Accounting Standards Codification® Topic 852. These examples are not intended to encompass all the potential modeling configurations or to dictate the appearance and structure of an entity’s extension taxonomy or its financial statements. The examples are provided to help users of the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) understand how the modeling for a Chapter 11 reorganization is structured within the GAAP Taxonomy. The examples are based on the assumption that an entity meets the criteria for reporting a Chapter 11 reorganization under Generally Accepted Accounting Principles (GAAP) and/or U.S. Securities and Exchange Commission (SEC) authoritative literature. In addition, the reported line items within the examples do not include all reporting requirements and represent only partial disclosures and statements for illustrative purposes.
While constituents may find the information in this Guide useful, users looking for guidance to conform to SEC eXtensible Business Reporting Language (XBRL) filing requirements should look to the SEC EDGAR Filer Manual and other information provided on the SEC’s website at www.sec.gov/structureddata. This Guide focuses on detail tagging only (Level 4); it does not include elements for text blocks, policy text blocks, and table text blocks (Levels 1 through 3).
Two sections are included in this Guide:
•Section 1: Overview of Modeling: This section provides an overview of the modeling for the reporting of Chapter 11 reorganization under Topic 852.
•Section 2: Examples of Modeling: This section includes examples of modeling for the reporting of Chapter 11 reorganization under Topic 852.
General Information
(1)A legend for dimensions and domain members has been provided to associate with facts contained in the notes to the financial statements. Extension elements are coded using “Ex.” Legends specific to the examples are provided in Figure x.2 of each example.
| | | | | | | | |
Coding | Standard Label | Element Name |
A1 | Consolidated Entities [Axis] | ConsolidatedEntitiesAxis |
| Consolidated Entities [Domain] | ConsolidatedEntitiesDomain |
M1 | Reorganization, Chapter 11, Debtor-in-Possession [Member] | ReorganizationChapter11DebtorInPossessionMember |
| | |
A2 | Related and Nonrelated Parties [Axis] | RelatedPartyTransactionsByRelatedPartyAxis |
| Related and Nonrelated Parties [Domain] | RelatedPartyDomain |
M2 | Nonrelated Party [Member] | NonrelatedPartyMember |
M3 | Related Party [Member] | RelatedPartyMember |
| | |
A3 | Statistical Measurement [Axis] | RangeAxis |
| Statistical Measurement [Domain] | RangeMember |
M4 | Minimum [Member] | MinimumMember |
M5 | Maximum [Member] | MaximumMember |
| | |
A4 | Reorganization, Chapter 11 [Axis] | FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis |
| Reorganization, Chapter 11 [Domain] | TypeOfFreshStartAdjustmentDomain |
M6 | Reorganization, Chapter 11, Predecessor, before Adjustment [Member] | ReorganizationChapter11PredecessorBeforeAdjustmentMember |
M7 | Reorganization, Chapter 11, Discharge of Debt Adjustment [Member] | DischargeOfDebtMember |
M8 | Reorganization, Chapter 11, Exchange of Stock Adjustment [Member] | ExchangeOfStockForStockMember |
M9 | Reorganization, Chapter 11, Fresh-Start Adjustment [Member] | ReorganizationChapter11FreshStartAdjustmentMember |
(2)Elements that have an instant period type and elements that have a duration period type are indicated as such in Figure x.2 of each example. Instant elements have a single date context (such as December 31, 20XX) while duration elements have a starting and ending date as their context (such as January 1 through December 31, 20XX).
(3)The XBRL report view (Figure x.3 in each example) does not include all information that may appear in an entity’s instance document. The XBRL report view is provided for illustrative purposes only.
(4)For elements contained in the GAAP Taxonomy, the standard label is as it appears in the GAAP Taxonomy. For extension elements, the standard label corresponds to the element
name. For information about structuring extension elements, refer to the SEC EDGAR Filer Manual.
(5)Values reported in XBRL are generally entered as positive, with the exception of certain concepts such as net income (loss) or gain (loss).
(6)Preferred labels (Figure x.3 in each example) are the labels created and used by an entity to show the line item captions in its financial statements.
(7)Additional information for values reported using extensible enumerations can be found in the GAAP Taxonomy Implementation Guide, Extensible Enumerations: A Guide for Preparers.
Section 1: Overview of Modeling
The modeling for disclosures for Topic 852, Reorganizations, is designed to use financial statement line items with dimensions to accommodate the reporting requirements and provide flexibility.
“Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1) is a child of “Consolidated Entities [Axis]” (A1) and is intended to be used to disaggregate values between entities operating and those not operating under Chapter 11 reorganization. It is used for the amounts of one or more, but not all, consolidated entities operating under Chapter 11 reorganization. “Reorganization, Chapter 11, Debtor-in-Possession, All Entities [true false]” (L1) is used to indicate whether all consolidated entities are operating under a Chapter 11 reorganization.
The “Reorganization, Chapter 11 [Axis]” (A4) and the applicable members are intended to be used to tag the values of predecessor and adjustments from the Chapter 11 reorganization proceedings. “Reorganization, Chapter 11, Predecessor, before Adjustment [Member]” (M6) is to be used to tag the fact values of the entity before adjustments as the predecessor. “Reorganization, Chapter 11, Plan Effect Adjustment [Member]” and “Reorganization, Chapter 11, Fresh-Start Adjustment [Member]” (M9) are used to distinguish the different types of adjustments. The report-wide values represent the values of the emerging entity after adjustments as the successor. “Reorganization, Chapter 11, Discharge of Debt Adjustment [Member]” (M7) and “Reorganization, Chapter 11, Exchange of Stock Adjustment [Member]” (M8) are located as children of “Reorganization, Chapter 11, Plan Effect Adjustment [Member]” for additional detail.
The date context intended to be used for the values disaggregated by “Reorganization, Chapter 11 [Axis]” (A4) and report-wide values is the ending date context of the reorganization. For example, an entity emerged from bankruptcy and adopted fresh-start accounting on October 1, 20x1. The date context used for XBRL tagging is 20x1-10-01 even though the date for the emerging entity or successor is the beginning of October 2, 20x1 from an accounting perspective.
Section 2: Examples of Modeling
Example 1—Disclosure of Condensed Combined Statement of Financial Position—Operating Under Chapter 11 Reorganization
This Example illustrates the modeling for a condensed combined statement of financial position of one or more, but not all, consolidated entities in Chapter 11 reorganization proceedings.
Intercompany transactions among the entities in reorganization proceedings (debtor-in- possession) have been eliminated in the condensed combined statement of financial position. However, transactions between the debtor-in-possession and the subsidiary not in reorganization proceedings are reported in the condensed combined statement of financial position for the debtor-in-possession. Prepetition liabilities subject to compromise are classified as “Liabilities Subject to Compromise” in the condensed combined statement of financial position and the consolidated statement of financial position.
The condensed combined financial statements of the debtor-in-possession in Chapter 11 reorganization proceedings include the financial statements of the ABC company and its consolidated subsidiaries X and Y but exclude the financial statements of the consolidated subsidiary Z not in the reorganization proceedings. [1]
| | | | | | | | | | | |
ABC Company |
(Debtor-in-Possession) |
Condensed Combined Statement of Financial Position |
As of December 31, 20x1 |
(in thousands) |
| | A1:M1 | |
Cash and cash equivalent | L2 | $ | 240 | | |
Accounts receivable, net of allowance for credit loss $30 L3, A1:M1, A2:M2 | L4, A2:M2 | 210 | | |
Accounts receivable, net of allowance for credit loss $10 L3, A1:M1, A2:M3 from subsidiary not in Chapter 11 XL5, A1:M1, A2:M3 | L4, A2:M3 | 50 | | |
Inventories | L6 | 150 | | |
Total current assets | L7 | 650 | | |
Investment in subsidiary not in Chapter 11 | L8 | 235 | | |
Property, plant and equipment, net of depreciation $50 L9, A1:M1 | L10 | 275 | | |
Goodwill | L11 | 200 | | |
Total noncurrent assets | L12 | 710 | | |
Total assets | L13 | $ | 1,360 | | |
Liabilities not subject to compromise: | | | |
Short-term borrowings | L14 | $ | 175 | | |
Accounts payable | L15, A2:M2 | 150 | | |
Accounts payable to subsidiary not in Chapter 11 XL16, A1:M1, A2:M3 | L15, A2:M3 | 50 | | |
Total current liabilities | L17 | 375 | | |
| | | |
Liabilities subject to compromise | L18 | 1,050 | | |
Total liabilities | L19 | 1,425 | | |
| | | |
Preferred stock | L20 | 325 | | |
Common stock | L21 | 75 | | |
Retained earnings (deficit) | L22 | (500) | | |
Total ABC shareholders' equity (deficit) | L23 | (100) | | |
Noncontrolling interest | L24 | 35 | | |
Total liabilities and shareholders' (deficit) | L25 | $ | 1,360 | | |
| | | |
| | | |
_____________________________
This legend, which is not part of the disclosure, is provided to illustrate the elements associated with values reported.
[1] L1
The following table summarizes the components of total liabilities subject to compromise:
| | | | | | | | | | | |
(in thousands) | | | |
| | A1:M1 | |
Debt and accrued interest | L26 | $ | 800 | | |
Accounts payable and accrued liabilities | L27 | 150 | | |
Pension and postretirement liabilities | L28 | 60 | | |
Other liabilities | L29 | 40 | | |
Total liabilities subject to compromise | L18 | $ | 1,050 | | |
| | | |
| | | |
Figure 1b.1
The legend for the elements used to tag these facts follows:
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
A1 | Consolidated Entities [Axis] | | Duration | ConsolidatedEntitiesAxis |
| Consolidated Entities [Domain] | | Duration | ConsolidatedEntitiesDomain |
M1 | Reorganization, Chapter 11, Debtor-in-Possession [Member] | | Duration | ReorganizationChapter11DebtorInPossessionMember |
| | | | |
A2 | Related and Nonrelated Parties [Axis] | | Duration | RelatedPartyTransactionsByRelatedPartyAxis |
| Related and Nonrelated Parties [Domain] | | Duration | RelatedPartyDomain |
M2 | Nonrelated Party [Member] | | Duration | NonrelatedPartyMember |
M3 | Related Party [Member] | | Duration | RelatedPartyMember |
| | | | |
L1 | Reorganization, Chapter 11, Debtor-in-Possession, All Entities [true false] | | Duration | ReorganizationChapter11DebtorInPossessionAllEntities |
L2 | Cash and Cash Equivalents, at Carrying Value | Debit | Instant | CashAndCashEquivalentsAtCarryingValue |
L3 | Accounts Receivable, Allowance for Credit Loss, Current | Credit | Instant | AllowanceForDoubtfulAccountsReceivableCurrent |
L4 | Accounts Receivable, after Allowance for Credit Loss, Current | Debit | Instant | AccountsReceivableNetCurrent |
XL5 | Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] | | Instant | AccountsReceivableAfterAllowanceForCreditLossCurrentRelatedPartyTypeExtensibleEnumeration |
L6 | Inventory, Net | Debit | Instant | InventoryNet |
L7 | Assets, Current | Debit | Instant | AssetsCurrent |
L8 | Equity Method Investments | Debit | Instant | EquityMethodInvestments |
L9 | Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | Credit | Instant | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment |
L10 | Property, Plant and Equipment, Net | Debit | Instant | PropertyPlantAndEquipmentNet |
L11 | Goodwill | Debit | Instant | Goodwill |
L12 | Assets, Noncurrent | Debit | Instant | AssetsNoncurrent |
L13 | Assets | Debit | Instant | Assets |
L14 | Short-Term Debt | Credit | Instant | ShortTermBorrowings |
L15 | Accounts Payable, Current | Credit | Instant | AccountsPayableCurrent |
| | | | |
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
XL16 | Accounts Payable, Related Party [Extensible Enumeration] | | Instant | AccountsPayableRelatedPartyTypeExtensibleEnumeration |
L17 | Liabilities, Current | Credit | Instant | LiabilitiesCurrent |
L18 | Liabilities Subject to Compromise | Credit | Instant | LiabilitiesSubjectToCompromise |
L19 | Liabilities | Credit | Instant | Liabilities |
L20 | Preferred Stock, Value, Issued | Credit | Instant | PreferredStockValue |
L21 | Common Stock, Value, Issued | Credit | Instant | CommonStockValue |
L22 | Retained Earnings (Accumulated Deficit) | Credit | Instant | RetainedEarningsAccumulatedDeficit |
L23 | Equity, Attributable to Parent | Credit | Instant | StockholdersEquity |
L24 | Equity, Attributable to Noncontrolling Interest | Credit | Instant | MinorityInterest |
L25 | Liabilities and Equity | Credit | Instant | LiabilitiesAndStockholdersEquity |
L26 | Liabilities Subject to Compromise, Debt and Accrued Interest | Credit | Instant | LiabilitiesSubjectToCompromiseDebtAndAccruedInterest |
L27 | Liabilities Subject to Compromise, Accounts Payable and Accrued Liabilities | Credit | Instant | LiabilitiesSubjectToCompromiseAccountsPayableAndAccruedLiabilities |
L28 | Liability Subject to Compromise, Pension and Other Postretirement Benefit Plan, Benefit Obligation | Credit | Instant | LiabilitiesSubjectToCompromisePensionAndOtherPostretirementObligations |
L29 | Liabilities Subject to Compromise, Other Liabilities | Credit | Instant | LiabilitiesSubjectToCompromiseOtherLiabilities |
Figure 1.2 (continued)
The XBRL report views created using the modeling structure are provided here:
| | | | | | | | | | | | | | | | | | | | |
| Standard Label | Preferred Label | | | | |
| Date context | | 20x1-12-31 | 20x1-01-01 to 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] | Report-Wide Value |
| A1 | | M1 |
| Related and Nonrelated Parties [Axis] | | | Nonrelated Party [Member] | Related Party [Member] |
| A2 | | | M2 | M3 |
L1 | Reorganization, Chapter 11, Debtor-in-Possession, All Entities [true false] | The condensed combined financial statements for debtor-in-possession in Chapter 11 reorganization exclude the financial statements of the consolidated subsidiary Z | | | | false |
L2 | Cash and Cash Equivalents, at Carrying Value | Cash and cash equivalent | 240000 | | | |
L3 | Accounts Receivable, Allowance for Credit Loss, Current | Accounts receivable, allowance for credit loss | | 30000 | 10000 | |
L4 | Accounts Receivable, after Allowance for Credit Loss, Current | Accounts receivable, net of allowance for credit loss | | 210000 | 50000 | |
XL5 | Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] | Accounts receivable, net of allowance for credit loss subsidiary not in Chapter 11 | | | http://www.abc.com/20X11231#SubsidiaryNotInChapter11Member | |
L6 | Inventory, Net | Inventories | 150000 | | | |
L7 | Assets, Current | current assets | 650000 | | | |
L8 | Equity Method Investments | Investment in subsidiary not in Chapter 11 | 235000 | | | |
L9 | Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | Property, plant and equipment, depreciation | 50000 | | | |
L10 | Property, Plant and Equipment, Net | Property, plant and equipment, net of depreciation | 275000 | | | |
L11 | Goodwill | Goodwill | 200000 | | | |
L12 | Assets, Noncurrent | noncurrent assets | 710000 | | | |
Figure 1a.3 (continues)
11
| | | | | | | | | | | | | | | | | | | | |
| Standard Label | Preferred Label | | | | |
| Date context | | 20x1-12-31 | 20x1-01-01 to 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] | Report-Wide Value |
| A1 | | M1 |
| Related and Nonrelated Parties [Axis] | | | Nonrelated Party [Member] | Related Party [Member] |
| A2 | | | M2 | M3 |
L13 | Assets | assets | 1360000 | | | |
L14 | Short-Term Debt | Short-term borrowings | 175000 | | | |
L15 | Accounts Payable, Current | Accounts payable | | 150000 | 50000 | |
XL16 | Accounts Payable, Related Party [Extensible Enumeration] | Accounts payable to subsidiary not in Chapter 11 | | | http://www.abc.com/20X11231#SubsidiaryNotInChapter11Member | |
L17 | Liabilities, Current | current liabilities | 375000 | | | |
L18 | Liabilities Subject to Compromise | Liabilities subject to compromise | 1050000 | | | |
L19 | Liabilities | liabilities | 1425000 | | | |
L20 | Preferred Stock, Value, Issued | Preferred stock | 325000 | | | |
L21 | Common Stock, Value, Issued | Common stock | 75000 | | | |
L22 | Retained Earnings (Accumulated Deficit) | Retained earnings (deficit) | -500000 | | | |
L23 | Equity, Attributable to Parent | ABC shareholders' equity (deficit) | -100000 | | | |
L24 | Equity, Attributable to Noncontrolling Interest | Noncontrolling interest | 35000 | | | |
L25 | Liabilities and Equity | liabilities and shareholders' (deficit) | 1360000 | | | |
Figure 1a.3 (continued)
| | | | | | | | | | | |
| Standard Label | Preferred Label | |
| Date context | | 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] |
| A1 | | M1 |
L26 | Liabilities Subject to Compromise, Debt and Accrued Interest | Debt and accrued interest | 800000 |
L27 | Liabilities Subject to Compromise, Accounts Payable and Accrued Liabilities | Accounts payable and accrued liabilities | 150000 |
L28 | Liability Subject to Compromise, Pension and Other Postretirement Benefit Plan, Benefit Obligation | Pension and postretirement liabilities | 60000 |
L29 | Liabilities Subject to Compromise, Other Liabilities | Other liabilities | 40000 |
L18 | Liabilities Subject to Compromise | liabilities subject to compromise | 1050000 |
Figure 1b.3
Notes:
•“Consolidated Entities [Axis]” (A1), “Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1) and the applicable line items are intended to be used to tag the fact values of the condensed combined statement of financial position of the one or more, but not all, consolidated debtors operating under a Chapter 11 reorganization. This dimension would no longer be needed if all consolidated debtors are operating under the Chapter 11 reorganization. “Reorganization, Chapter 11, Debtor-in-Possession, All Entities [true false]” (L1) would be used to indicate if all consolidated entities are operating under a Chapter 11 reorganization.
•The $1,050 thousand is a total of liabilities subject to compromise for the debtors operating under a Chapter 11 reorganization and is tagged with “Consolidated Entities [Axis]” (A1) and “Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1). It is also the total as the report-wide value for the reporting entity that is not presented in Example 1. This dimension is not needed for the report-wide value presented in the consolidated statement of financial position.
Example 2—Disclosure of Condensed Combined Statement of Operations—Operating Under Chapter 11 Reorganization
This Example illustrates the modeling for the condensed combined statement of operations of one or more, but not all, consolidated entities in Chapter 11 reorganization proceedings. The condensed combined statement of operations excludes intercompany transactions among the entities operating in reorganization proceedings (debtor-in-possession) but includes transactions between the debtor-in-possession and the subsidiary not in reorganization proceedings. Incremental income and costs incurred directly as a result of the Chapter 11 reorganization filing are classified as “reorganization items, net” in the condensed combined statement of operations and the consolidated statements of operations.
| | | | | | | | | | | |
ABC Company |
(Debtor-in-Possession) |
Condensed Combined Statement of Operations |
For the year ended December 31, 20x1 |
(in thousands except per share amount) |
| | | |
| | A1:M1 | |
Revenue | L30, A2:M2 | $ | 1,400 | | |
Revenue from subsidiary not in Chapter 11 XL31, A1:M1, A2:M3 | L30, A2:M3 | 50 | | |
Total revenue | L30 | 1,450 | | |
Cost of revenue | L32, A2:M2 | (810) | | |
Cost of revenue for subsidiary not in Chapter 11 XL33, A1:M1, A2:M3 | L32, A2:M3 | (40) | | |
Total cost of revenue | L32 | (850) | | |
Gross profit | L34 | 600 | | |
Selling and administrative | L35 | (500) | | |
Operating income (loss) | L36 | 100 | | |
| | | |
Interest expense (contractual interest expense $5 L37, A1:M1) | L38 | (3) | | |
Reorganization items, net | L39 | (299) | | |
Equity in earnings from subsidiary not in Chapter 11 | L40 | 50 | | |
Loss from continuing operations before income tax | L41 | (152) | | |
Income tax benefit | L42 | 10 | | |
Net loss | L43 | (142) | | |
Net loss attributable to noncontrolling interest | L44 | (22) | | |
Net loss attributable to ABC | L45 | $ | (120) | | |
Earnings per common share: | | | |
Basic loss per share | L46 | $ | (1.16) | | |
Diluted loss per share | L47 | $ | (1.16) | | |
| | | |
Figure 2a.1
The following table summarizes the total organization items presented in condensed combined statement of operations:
| | | | | | | | | | | |
(in thousands) | | | |
| | A1:M1 | |
Interest earned on accumulated cash resulting from Chapter 11 proceeding | L48 | $ | 100 | | |
Legal and professional advisory fees | L49 | (300) | | |
Write-off of debt issuance costs and discount on debt subject to compromise | L50 | (65) | | |
Other reorganization expenses | L51 | (34) | | |
Total reorganization items, net | L39 | $ | (299) | | |
| | | |
| | | |
Figure 2b.1
The legend for the elements used to tag these facts follows:
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
A1 | Consolidated Entities [Axis] | | Duration | ConsolidatedEntitiesAxis |
| Consolidated Entities [Domain] | | Duration | ConsolidatedEntitiesDomain |
M1 | Reorganization, Chapter 11, Debtor-in-Possession [Member] | | Duration | ReorganizationChapter11DebtorInPossessionMember |
| | | | |
A2 | Related and Nonrelated Parties [Axis] | | Duration | RelatedPartyTransactionsByRelatedPartyAxis |
| Related and Nonrelated Parties [Domain] | | Duration | RelatedPartyDomain |
M2 | Nonrelated Party [Member] | | Duration | NonrelatedPartyMember |
M3 | Related Party [Member] | | Duration | RelatedPartyMember |
| | | | |
L30 | Revenues | Credit | Duration | Revenues |
XL31 | Revenue, Related Party [Extensible Enumeration] | | Duration | RevenueRelatedPartyTypeExtensibleEnumeration |
L32 | Cost of Revenue | Debit | Duration | CostOfRevenue |
XL33 | Cost of Revenue, Related Party [Extensible Enumeration] | | Duration | CostOfRevenueRelatedPartyTypeExtensibleEnumeration |
L34 | Gross Profit | Credit | Duration | GrossProfit |
L35 | Selling, General and Administrative Expense | Debit | Duration | SellingGeneralAndAdministrativeExpense |
L36 | Operating Income (Loss) | Credit | Duration | OperatingIncomeLoss |
L37 | Contractual Interest Expense on Prepetition Liabilities Not Recognized in Statement of Operations | Debit | Duration | ContractualInterestExpenseOnPrepetitionLiabilitiesNotRecognizedInStatementOfOperations |
L38 | Interest Expense, Operating and Nonoperating | Debit | Duration | InterestExpense |
L39 | Reorganization Items | Debit | Duration | ReorganizationItems |
L40 | Income (Loss) from Equity Method Investments | Credit | Duration | IncomeLossFromEquityMethodInvestments |
L41 | Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | Credit | Duration | IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
L42 | Income Tax Expense (Benefit) | Debit | Duration | IncomeTaxExpenseBenefit |
L43 | Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | Credit | Duration | ProfitLoss |
| | | | |
Figure 2.2 (continues)
18
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
L44 | Net Income (Loss) Attributable to Noncontrolling Interest | Debit | Duration | NetIncomeLossAttributableToNoncontrollingInterest |
L45 | Net Income (Loss) Attributable to Parent | Credit | Duration | NetIncomeLoss |
L46 | Earnings Per Share, Basic | | Duration | EarningsPerShareBasic |
L47 | Earnings Per Share, Diluted | | Duration | EarningsPerShareDiluted |
L48 | Debtor Reorganization Items, Interest Income on Accumulated Cash | Credit | Duration | DebtorReorganizationItemsInterestIncomeOnAccumulatedCash1 |
L49 | Debtor Reorganization Items, Legal and Advisory Professional Fees | Debit | Duration | DebtorReorganizationItemsLegalAndAdvisoryProfessionalFees |
L50 | Debtor Reorganization Items, Debt Issuance Cost and Debt Discount, Writeoff | Debit | Duration | DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts |
L51 | Debtor Reorganization Items, Other Expense (Income) | Debit | Duration | DebtorReorganizationItemsOtherExpenseIncome |
Figure 2.2 (continued)
The XBRL report views created using the modeling structure are provided here:
| | | | | | | | | | | | | | | | | |
| Standard Label | Preferred Label | | | |
| Date context | | 20x1-01-01 to 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] |
| A1 | | M1 |
| Related and Nonrelated Parties [Axis] | | | Nonrelated Party [Member] | Related Party [Member] |
| A2 | | | M2 | M3 |
L30 | Revenues | Revenue | 1450000 | 1400000 | 50000 |
XL31 | Revenue, Related Party [Extensible Enumeration] | Revenue from subsidiary not in Chapter 11 | | | http://www.abc.com/20X11231#SubsidiaryNotInChapter11Member |
L32 | Cost of Revenue | Cost of revenue | 850000 | 810000 | 40000 |
XL33 | Cost of Revenue, Related Party [Extensible Enumeration] | Cost of revenue for subsidiary not in Chapter 11 | | | http://www.abc.com/20X11231#SubsidiaryNotInChapter11Member |
L34 | Gross Profit | Gross profit | 600000 | | |
L35 | Selling, General and Administrative Expense | Selling and administrative | 500000 | | |
L36 | Operating Income (Loss) | Operating income (loss) | 100000 | | |
L37 | Contractual Interest Expense on Prepetition Liabilities Not Recognized in Statement of Operations | contractual interest expense | 5000 | | |
L38 | Interest Expense, Operating and Nonoperating | Interest expense | 3000 | | |
L39 | Reorganization Items | Reorganization items, net | 299000 | | |
L40 | Income (Loss) from Equity Method Investments | Equity in earnings from subsidiary not in Chapter 11 | 50000 | | |
L41 | Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | Loss from continuing operations before income tax | -152000 | | |
L42 | Income Tax Expense (Benefit) | Income tax benefit | -10000 | | |
L43 | Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | Net loss | -142000 | | |
Figure 2a.3 (continues)
20
| | | | | | | | | | | | | | | | | |
| Standard Label | Preferred Label | | | |
| Date context | | 20x1-01-01 to 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] |
| A1 | | M1 |
| Related and Nonrelated Parties [Axis] | | | Nonrelated Party [Member] | Related Party [Member] |
| A2 | | | M2 | M3 |
L44 | Net Income (Loss) Attributable to Noncontrolling Interest | Net loss attributable to noncontrolling interest | -22000 | | |
L45 | Net Income (Loss) Attributable to Parent | Net loss attributable to ABC | -120000 | | |
L46 | Earnings Per Share, Basic | Basic loss per share | -1.16 | | |
L47 | Earnings Per Share, Diluted | Diluted loss per share | -1.16 | | |
Figure 2a.3 (continued)
| | | | | | | | | | | |
| Standard Label | Preferred Label | |
| Date context | | 20x1-01-01 to 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] |
| A1 | | M1 |
L48 | Debtor Reorganization Items, Interest Income on Accumulated Cash | Interest earned on accumulated cash resulting from Chapter 11 proceeding | 100000 |
L49 | Debtor Reorganization Items, Legal and Advisory Professional Fees | Legal and professional advisory fees | 300000 |
L50 | Debtor Reorganization Items, Debt Issuance Cost and Debt Discount, Writeoff | Write-off of debt issuance costs and discount on debt subject to compromise | 65000 |
L51 | Debtor Reorganization Items, Other Expense (Income) | Other reorganization expenses | 34000 |
L39 | Reorganization Items | Reorganization items, net | 299000 |
Figure 2b.3
Notes:
•“Consolidated Entities [Axis]” (A1), “Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1) and the applicable line items are intended to be used to tag the fact values of the condensed combined statement of income of one or more, but not all, consolidated debtors operating under a Chapter 11 reorganization. This dimension would no longer be needed if all consolidated entities are operating under the Chapter 11 reorganization. “Reorganization, Chapter 11, Debtor-in-Possession, All Entities [true false]” (L1) would be used to indicate if all consolidated entities are operating under a Chapter 11 reorganization as noted in Example 1.
•The $299 thousand is a total of the net reorganization items for the debtors operating under a Chapter 11 reorganization and is tagged with “Consolidated Entities [Axis]” (A1) and “Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1). It is also the total as the report-wide value for the reporting entity that is not presented in Example 2. This dimension is not needed for the report-wide value presented in the consolidated statement of operations.
Example 3—Disclosure of Condensed Combined Statement of Cash Flows—Operating Under Chapter 11 Reorganization
This Example illustrates the modeling for the condensed combined statement of cash flows of one or more, but not all, consolidated entities in Chapter 11 reorganization proceedings, including the details of noncash and cash reorganization items disclosed in the notes to the financial statements.
| | | | | | | | | | | |
ABC Company |
(Debtor-in-Possession) |
Condensed Combined Statement of Cash Flows |
For the year ended December 31, 20x1 |
(in thousands) |
| | | |
Cash flows from operating activities: | | A1:M1 | |
Net loss | L43 | $ | (142) | | |
Adjustments to reconcile net loss to net cash provided by operating activities | | | |
Depreciation, depletion, and amortization | L52 | 40 | | |
Noncash reorganization item | ExL53 | 99 | | |
Equity in earnings from subsidiary not in Chapter 11 | L40 | (50) | | |
Increase in accounts receivable | L54, A2:M2 | (65) | | |
Increase in accounts receivable from subsidiary not in Chapter 11 | L54, A2:M3 | (50) | | |
Total increase in accounts receivable | L54 | (115) | | |
Increase in accounts payable | L55, A2:M2 | 235 | | |
Increase in accounts payable due to subsidiary not in Chapter 11 | L55, A2:M3 | 50 | | |
Total increase in accounts payable | L55 | 285 | | |
Net cash provided by operating activities | L56 | 117 | | |
| | | |
Cash flows from investing activities: | | | |
Payment to purchase property and equipment | L57 | (69) | | |
Proceed from sale of fixed assets | ExL58 | 20 | | |
Proceed from sale of facility due to Chapter 11 proceeding | ExL59 | 65 | | |
Net cash provided by investing activities | L60 | 16 | | |
| | | |
Cash flows from financing activities: | | | |
Proceed from short-term borrowing | L61 | 30 | | |
Repayment of short-term debt | L62 | (60) | | |
Net cash used by financing activities | L63 | (30) | | |
| | | |
Net increase in cash, cash equivalents and restricted cash | L64 | 103 | | |
Cash, cash equivalents, and restricted cash at the beginning of year | L65 | 137 | | |
Cash, cash equivalents, and restricted cash at the end of year | L65 | $ | 240 | | |
| | | |
| | | |
Figure 3a.1
The following table summarizes the details of the non-cash reorganization items for the year end of December 31, 20x1:
| | | | | | | | | | | |
(in thousands) | | | |
| | A1:M1 | |
Write-off of debt issuance costs and discount on debt subject to compromise | L50 | $ | (65) | | |
Noncash other reorganization expenses | ExL66 | (34) | | |
Noncash reorganization item | ExL53 | $ | (99) | | |
| | | |
| | | |
Figure 3b.1
The following table summarizes the details of operating cash receipts and payments resulting from the reorganization for the year end of December 31, 20x1:
| | | | | | | | | | | |
(in thousands) | | | |
| | A1:M1 | |
Interest received on cash accumulated due to Chapter 11 proceeding | ExL67 | $ | 100 | | |
Professional fee paid for services rendered for Chapter 11 proceeding | ExL68 | (300) | | |
Cash reorganization items, net | ExL69 | $ | (200) | | |
| | | |
| | | |
Figure 3c.1
The legend for the elements used to tag these facts follows:
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
A1 | Consolidated Entities [Axis] | | Duration | ConsolidatedEntitiesAxis |
| Consolidated Entities [Domain] | | Duration | ConsolidatedEntitiesDomain |
M1 | Reorganization, Chapter 11, Debtor-in-Possession [Member] | | Duration | ReorganizationChapter11DebtorInPossessionMember |
| | | | |
A2 | Related and Nonrelated Parties [Axis] | | Duration | RelatedPartyTransactionsByRelatedPartyAxis |
| Related and Nonrelated Parties [Domain] | | Duration | RelatedPartyDomain |
M2 | Nonrelated Party [Member] | | Duration | NonrelatedPartyMember |
M3 | Related Party [Member] | | Duration | RelatedPartyMember |
| | | | |
L40 | Income (Loss) from Equity Method Investments | Credit | Duration | IncomeLossFromEquityMethodInvestments |
L43 | Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | Credit | Duration | ProfitLoss |
L50 | Debtor Reorganization Items, Debt Issuance Cost and Debt Discount, Writeoff | Debit | Duration | DebtorReorganizationItemsWriteOffOfDeferredFinancingCostsAndDebtDiscounts |
L52 | Depreciation, Depletion and Amortization | Debit | Duration | DepreciationDepletionAndAmortization |
ExL53 | Reorganization Item, Noncash Transaction | Debit | Duration | ReorganizationItemNonCashTransaction |
L54 | Increase (Decrease) in Accounts Receivable | Credit | Duration | IncreaseDecreaseInAccountsReceivable |
L55 | Increase (Decrease) in Accounts Payable | Debit | Duration | IncreaseDecreaseInAccountsPayable |
L56 | Net Cash Provided by (Used in) Operating Activities | | Duration | NetCashProvidedByUsedInOperatingActivities |
L57 | Payments to Acquire Property, Plant, and Equipment | Credit | Duration | PaymentsToAcquirePropertyPlantAndEquipment |
ExL58 | Proceeds from Sale of Property, Plant, and Equipment, Excluding Sale Due to Chapter 11 | Debit | Duration | ProceedsFromSaleOfPropertyPlantAndEquipmentExcludingSaleDueToChapter11 |
ExL59 | Proceeds from Sale of Facility Due to Chapter 11 Proceeding | Debit | Duration | ProceedsFromSaleOfFacilityDueToChapter11Proceeding |
L60 | Net Cash Provided by (Used in) Investing Activities | Debit | Duration | NetCashProvidedByUsedInInvestingActivities |
L61 | Proceeds from Short-Term Debt | Debit | Duration | ProceedsFromShortTermDebt |
L62 | Repayments of Short-Term Debt | Credit | Duration | RepaymentsOfShortTermDebt |
L63 | Net Cash Provided by (Used in) Financing Activities | Debit | Duration | NetCashProvidedByUsedInFinancingActivities |
L64 | Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | Debit | Duration | CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect |
| | | | |
Figure 3.2 (continues)
26
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
L65 | Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents | Debit | Instant | CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents |
ExL66 | Debtor Reorganization Items, Noncash Other Expense (Income) | Debit | Duration | DebtorReorganizationItemsNoncashOtherExpenseIncome |
ExL67 | Debtor Reorganization Items, Proceeds from Interest Income on Accumulated Cash | Debit | Duration | DebtorReorganizationItemsProceedsFromInterestIncomeOnAccumulatedCash |
ExL68 | Debtor Reorganization Items, Payments for Legal and Advisory Professional Fees | Credit | Duration | DebtorReorganizationItemsPaymentsForLegalAndAdvisoryProfessionalFees |
ExL69 | Reorganization Item, Cash Transaction | Debit | Duration | ReorganizationItemCashTransaction |
Figure 3.2 (continued)
The XBRL report views created using the modeling structure are provided here:
| | | | | | | | | | | | | | | | | | | | | | | |
| Standard Label | Preferred Label | | | | | |
| Date context | | 20x1-01-01 to 20x1-12-31 | 20x1-12-31 | 20x0-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] | Report-Wide Value | Report-Wide Value |
| A1 | | M1 |
| Related and Nonrelated Parties [Axis] | | | Nonrelated Party [Member] | Related Party [Member] |
| A2 | | | M2 | M3 |
L43 | Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | Net loss | -142000 | | | | |
L52 | Depreciation, Depletion and Amortization | Depreciation, depletion, and amortization | 40000 | | | | |
ExL53 | Reorganization Item, Noncash Transaction | Noncash reorganization item | 99000 | | | | |
L40 | Income (Loss) from Equity Method Investments | Equity in earnings from subsidiary not in Chapter 11 | 50000 | | | | |
L54 | Increase (Decrease) in Accounts Receivable | Increase in accounts receivable | 115000 | 65000 | 50000 | | |
L55 | Increase (Decrease) in Accounts Payable | Increase in accounts payable | 285000 | 235000 | 50000 | | |
L56 | Net Cash Provided by (Used in) Operating Activities | Net cash provided by operating activities | 117000 | | | | |
L57 | Payments to Acquire Property, Plant, and Equipment | Payment to purchase property and equipment | 69000 | | | | |
ExL58 | Proceeds from Sale of Property, Plant, and Equipment, Excluding Sale Due to Chapter 11 | Proceed from sale of fixed assets | 20000 | | | | |
ExL59 | Proceeds from Sale of Facility Due to Chapter 11 Proceeding | Proceed from sale of facility due to Chapter 11 proceeding | 65000 | | | | |
L60 | Net Cash Provided by (Used in) Investing Activities | Net cash provided by investing activities | 16000 | | | | |
L61 | Proceeds from Short-Term Debt | Proceed from short-term borrowing | 30000 | | | | |
L62 | Repayments of Short-Term Debt | Repayment of short-term debt | 60000 | | | | |
L63 | Net Cash Provided by (Used in) Financing Activities | Net cash used by financing activities | -30000 | | | | |
L64 | Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | Net increase in cash, cash equivalents and restricted cash | 103000 | | | | |
L65 | Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents | Cash, cash equivalents, and restricted cash at the beginning of year | | | | | 137000 |
L65 | Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents | Cash, cash equivalents, and restricted cash at the end of year | | | | 240000 | |
Figure 3a.3
| | | | | | | | | | | |
| Standard Label | Preferred Label | |
| Date context | | 20x1-01-01 to 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] |
| A1 | | M1 |
L50 | Debtor Reorganization Items, Debt Issuance Cost and Debt Discount, Writeoff | Write-off of debt issuance costs and discount on debt subject to compromise | 65000 |
ExL66 | Debtor Reorganization Items, Noncash Other Expense (Income) | Noncash other reorganization expenses | 34000 |
ExL53 | Reorganization Item, Noncash Transaction | Noncash reorganization item | 99000 |
Figure 3b.3
| | | | | | | | | | | |
| Standard Label | Preferred Label | |
| Date context | | 20x1-01-01 to 20x1-12-31 |
| Consolidated Entities [Axis] | | Reorganization, Chapter 11, Debtor-in-Possession [Member] |
| A1 | | M1 |
ExL67 | Debtor Reorganization Items, Proceeds from Interest Income on Accumulated Cash | Interest received on cash accumulated due to Chapter 11 proceeding | 100000 |
ExL68 | Debtor Reorganization Items, Payments for Legal and Advisory Professional Fees | Professional fee paid for services rendered for Chapter 11 proceeding | 300000 |
ExL69 | Reorganization Item, Cash Transaction | Cash reorganization items, net | -200000 |
Figure 3c.3
Notes:
•“Consolidated Entities [Axis]” (A1), “Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1) and the applicable line items are intended to be used to tag the fact value of the condensed combined statement of cash flows of one or more, but not all, consolidated debtors operating under a Chapter 11 reorganization. This dimension would no longer be needed if all consolidated debtors are operating under the Chapter 11 reorganization. “Reorganization, Chapter 11, Debtor-in-Possession, All Entities [true false]” (L1) would be used to indicate if all consolidated entities are operating under a Chapter 11 reorganization as noted in Example 1.
•The $99 thousand is a total of the noncash reorganization items as an adjustment to net loss for the debtors operating under a Chapter 11 reorganization and is tagged with “Reorganization Item, Noncash Transaction” (ExL53), “Consolidated Entities [Axis]” (A1), “Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1). It is also the total as the report-wide value for the reporting entity that is not presented in Example 3. This dimension is not needed for the report-wide value of the total noncash reorganization value presented in the consolidated statement of cash flows.
•The $200 thousand is a total of the cash reorganization items for the debtors operating under a Chapter 11 reorganization and is tagged with “Reorganization Item, Cash Transaction” (ExL69), “Consolidated Entities [Axis]” (A1), “Reorganization, Chapter 11, Debtor-in-Possession [Member]” (M1). It is also the total as the report-wide value for the reporting entity that is not presented in Example 3. This dimension is not needed for the report-wide value of total cash reorganization value if presented in the consolidated statement of cash flows.
•“Net Income (Loss), Including Portion Attributable to Noncontrolling Interest” (L43) is intended to be used to tag the net income including non-controlling interest as the starting point to reconcile from net income to the operating cash flows for the period. This element is intended to be used as the starting point for net income in the indirect cash flow statement when “Net Income (Loss), Including Portion Attributable to Noncontrolling Interest” (L43) and “Net Income (Loss) Attributable to Parent” (L45) have the same value.
•In the condensed combined statement of cash flows, a number of items are summed to
“Net Cash Provided by (Used in) Operating Activities” (L56) including “Net Income (Loss), Including Portion Attributable to Noncontrolling Interest” (L43) which is modeled as a credit concept. However, it is used in the cash flow statement as a positive value if the cash flow is positive. In order for the XBRL calculation to be correct, “Net Cash Provided by (Used in) Operating Activities” (L56) does not have a balance type. The calculation would fail if a balance type was included on the total, given that a credit item cannot be added to a debit parent in XBRL calculations.
•It is important to define the correct calculation weights when reconciling net income to net cash provided (used) by operating activities. “Net Income (Loss), Including Portion Attributable to Noncontrolling Interest” (L43) is modeled as a credit item. The income should be entered as a positive amount and a loss should be entered as a negative amount for the XBRL value. This element has a positive calculation weight and a negative XBRL value of -142000 for a loss in the calculation for this example. Generally, it is an error if the descendant element of an operating cash flow element has a credit balance type and a positive effective calculation weight. However, there is an exception for the net income element as the starting point for the calculation of operating cash flow.
| | | | | | | | | | | | | | | | | |
XBRL calculation weight | | Element | Balance type | HTML value (in thousands) | XBRL value |
+ | L43 | Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | Credit | -142 | -142000 |
+ | L52 | Depreciation, Depletion and Amortization | Debit | 40 | 40000 |
+ | ExL53 | Reorganization Item, Noncash Transaction | Debit | 99 | 99000 |
- | L40 | Income (Loss) from Equity Method Investments | Credit | -50 | 50000 |
- | L54 | Increase (Decrease) in Accounts Receivable | Credit | -115 | 115000 |
+ | L55 | Increase (Decrease) in Accounts Payable | Debit | 285 | 285000 | |
| L56 | Net Cash Provided by (Used in) Operating Activities | | 117 | 117000 |
| | | | | |
•The element “Net Cash Provided by (Used in) Operating Activities” (L56) does not have a balance type but is treated as if it had a debit balance. Debit balance items rolling into it should have a positive calculation weight. In the calculation table above, “Depreciation, Depletion and Amortization” (L52) is modeled as a debit balance item with a positive weight in the calculation and the XBRL value of this element is entered as a positive amount. Credit balance items summing to it should have a negative calculation weight with an exception for L43 used as starting point to calculate the operating cash flow.
“Increase (Decrease) in Accounts Receivable” (L54) is modeled as a credit balance item with a negative weight in the calculation and the XBRL value of this element is entered as a positive amount for an increase.
•“Income (Loss) from Equity Method Investments” (L40) is modeled as a credit item and income should be entered as a positive amount and a loss should be a negative amount in the instance document. It is a reversal to net income of the noncash amount in Figure 3a.1, as noncash income is deducted from net income, or noncash loss is added back to net income for the cash portion of net income. Thus, a negative weight is used with the positive XBRL value for the income in the calculation. If a positive weight was used, it would incorrectly add the value to “Net Income (Loss), Including Portion Attributable to Noncontrolling Interest” (L43) when it should be subtracted.
Example 4—Disclosure of Reorganization Value
The following two examples illustrate the modeling for the disclosure of the reorganization value.
The Bankruptcy Court confirmed ABC’s plan of reorganization as of June 1, 20x1. It was determined that ABC’s reorganization value computed immediately before June 1, 20x1, the date of plan confirmation, consisted of the following:
| | | | | | | | |
ABC Company |
(in thousands) | | |
| | June 1, 20x1 |
Present value of discounted cash flows of emerging entity | L70 | $ | 1,075 | |
Plus: cash in excess of normal operation | L71 | 150 | |
Plus: net realizable value of asset disposition | L72 | 75 | |
Reorganization value of successor assets | L73 | $ | 1,300 | |
| | |
| | |
Figure 4a.1
The DEF Company’s reorganization value was derived from the estimated enterprise value. The DEF Company’s enterprise value represents the estimated fair value of its interest-bearing long-term debt and stockholders’ equity. The DEF Company estimated the enterprise value of the Successor was $775 thousand[1] at the Effective Date, which was in the Bankruptcy Court approved range of $720 thousand[2] and $830 thousand[3]. The enterprise value was derived from an independent valuation with the assistance of a third-party valuation advisor.
The following table reconciles the DEF Company’s enterprise value to the reorganization value as of the Effective Date:
| | | | | | | | |
DEF Company |
(in thousands) |
| | April 6, 20x1 |
Estimated enterprise value | ExL74 | $ | 775 | |
Plus: cash and cash equivalent | L2 | 150 | |
Plus: current liabilities excluding short-term borrowing and current portion of long-term debt | ExL75 | 250 | |
Plus: noncurrent liabilities excluding interest-bearing long-term debt | ExL76 | 200 | |
Reorganization value of successor assets | L73 | $ | 1,375 | |
| | |
| | |
_____________________________
Legend†:
†This legend, which is not part of the disclosure, is provided to illustrate the elements associated with values reported.
[1] ExL74
[2] ExL74, A3:M4
[3] ExL74, A3:M5
Figure 4b.1
The legend for the elements used to tag these facts follows:
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
A3 | Statistical Measurement [Axis] | | Duration | RangeAxis |
| Statistical Measurement [Domain] | | Duration | RangeMember |
M4 | Minimum [Member] | | Duration | MinimumMember |
M5 | Maximum [Member] | | Duration | MaximumMember |
| | | | |
L2 | Cash and Cash Equivalents, at Carrying Value | Debit | Instant | CashAndCashEquivalentsAtCarryingValue |
L70 | Reorganization Value, Present Value of Discounted Cash Flows of Emerging Entity | Debit | Instant | ReorganizationValuePresentValueOfDiscountedCashFlowsOfEmergingEntity |
L71 | Reorganization Value, Cash in Excess of Normal Operating Needs | Debit | Instant | ReorganizationValueCashInExcessOfNormalOperatingNeeds |
L72 | Reorganization Value, Net Realizable Value of Asset Dispositions | Debit | Instant | ReorganizationValueNetRealizableValueOfAssetDispositions |
L73 | Reorganization Value | Debit | Instant | ReorganizationValue |
ExL74 | Enterprise Value | Debit | Instant | EnterpriseValue |
ExL75 | Adjustment for Liability Excluding Current Portion of Long-Term Debt and Short-Term Borrowing, Current | Debit | Instant | AdjustmentForLiabilityExcludingCurrentPortionOfLongTermDebtAndShortTermBorrowingCurrent |
ExL76 | Adjustment for Liability Excluding Interest-Bearing Long-Term Debt, Noncurrent | Debit | Instant | AdjustmentForLiabilityExcludingInterestBearingLongTermDebtNoncurrent |
Figure 4.2
The XBRL report views created using the modeling structure are provided here:
| | | | | | | | | | | |
| Standard Label | Preferred Label | |
| Date context | | 20x1-06-01 |
L70 | Reorganization Value, Present Value of Discounted Cash Flows of Emerging Entity | Present value of discounted cash flows of emerging entity | 1075000 |
L71 | Reorganization Value, Cash in Excess of Normal Operating Needs | cash in excess of normal operation | 150000 |
L72 | Reorganization Value, Net Realizable Value of Asset Dispositions | net realizable value of asset disposition | 75000 |
L73 | Reorganization Value | Reorganization value of successor assets | 1300000 |
Figure 4a.3
| | | | | | | | | | | | | | | | | |
| Standard Label | Preferred Label | | | |
| Date context | | 20x1-04-06 |
| Statistical Measurement [Axis] | | Minimum [Member] | Maximum [Member] | Report-Wide Value |
| A3 | | M4 | M5 |
ExL74 | Enterprise Value | Estimated enterprise value | 720000 | 830000 | 775000 |
L2 | Cash and Cash Equivalents, at Carrying Value | cash and cash equivalent | | | 150000 |
ExL75 | Adjustment for Liability Excluding Current Portion of Long-Term Debt and Short-Term Borrowing, Current | current liabilities excluding short-term borrowing and current portion of long-term debt | | | 250000 |
ExL76 | Adjustment for Liability Excluding Interest-Bearing Long-Term Debt, Noncurrent | noncurrent liabilities excluding interest-bearing long-term debt | | | 200000 |
L73 | Reorganization Value | Reorganization value of successor assets | | | 1375000 |
Figure 4b.3
Notes:
•“Enterprise Value” (ExL74), “Statistical Measurement [Axis]” (A3) and the applicable members are intended to be used to tag the range of the estimated enterprise value as the basis to derive the reorganization value of the successor. “Minimum [Member]” (M4) is used to tag the minimum value and “Maximum [Member]” (M5) is used to tag the maximum value.
•The HTML values for “Adjustment for Liability Excluding Current Portion of Long-Term Debt and Short-Term Borrowing, Current” (ExL75) and “Adjustment for Liability Excluding Interest-Bearing Long-Term Debt, Noncurrent” (ExL76) are modeled as a debit balance type as the adjustments for the liabilities to be added to sum to “Reorganization Value” (L73) in Figure 4b.1, which has a debit balance type. In XBRL calculation, the descendant elements ExL74, L2, ExL75 and ExL76 with a debit balance type have a positive calculation weight.
| | | | | | | | | | | | | | | | | |
XBRL calculation weight | | Element | Balance type | HTML value (in thousands) | XBRL value |
+ | ExL74 | Enterprise Value | Debit | 775 | | 775000 |
+ | L2 | Cash and Cash Equivalents, at Carrying Value | Debit | 150 | | 150000 |
+ | ExL75 | Adjustment for Liability Excluding Current Portion of Long-Term Debt and Short-Term Borrowing, Current | Debit | 250 | | 250000 |
+ | ExL76 | Adjustment for Liability Excluding Interest-Bearing Long-Term Debt, Noncurrent | Debit | 200 | | 200000 |
| L73 | Reorganization Value | Debit | 1,375 | | 1375000 |
| | | | | |
Example 5—Disclosure of Condensed Consolidated Statement of Financial Position upon Emergence from Chapter 11 Reorganization and Adoption of Fresh-Start Accounting
This Example illustrates the modeling for the disclosure of the condensed consolidated statement of financial position of a qualifying entity emerging from a Chapter 11 reorganization and adopting fresh-start accounting. The adjustments reflect the effect of reorganization plan and adjustments as a result of the adoption of fresh-start accounting.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
ABC Company's Consolidated Statement of Financial Position as of October 1, 20x1 |
| | Predecessor | | Debt discharge | | Exchange of stock | | Fresh-start adjustment | | Successor | |
(in thousands) | | A4:M6 | | A4:M7 | | A4:M8 | | A4:M9 | | | |
Cash and cash equivalent | L2 | $ | 335 | | | $ | (150) | | | | | | | $ | 185 | | |
Accounts receivable, net of allowance for credit loss | L4 | 350 | | | | | | | | | 350 | | |
Inventories | L6 | 175 | | | | | | | $ | 50 | | | 225 | | |
Total current assets | L7 | 860 | | | (150) | | | | | 50 | | | 760 | | |
Property, plant and equipment, net of depreciation | L10 | 175 | | | | | | | 175 | | | 350 | | |
Goodwill | L11 | 200 | | | | | | | (25) | | | 175 | | |
Total noncurrent assets | L12 | 375 | | | | | | | 150 | | | 525 | | |
Total assets | L13 | $ | 1,235 | | | $ | (150) | | | | | $ | 200 | | | $ | 1,285 | | |
| | | | | | | | | | | |
Short-term borrowings | L14 | $ | 175 | | | | | | | | | $ | 175 | | |
Accounts payable | L15 | 275 | | | | | | | | | 275 | | |
Total current liabilities | L17 | 450 | | | | | | | | | 450 | | |
Liabilities subject to compromise | L18 | 1,050 | | | $ | (1,050) | | | | | | | | |
Senior debt, noncurrent | L77 | | | 275 | | | | | | | 275 | | |
Subordinated debt, noncurrent | L78 | | | 175 | | | | | | | 175 | | |
Total long-term debt | L79 | | | 450 | | | | | | | 450 | | |
Total liabilities | L19 | 1,500 | | | (600) | | | | | | | 900 | | |
| | | | | | | | | | | |
Preferred stock | L20 | 325 | | | | | $ | (325) | | | | | | |
Common stock | L21 | 75 | | | 86 | | | (61) | | | | | 100 | | |
Additional paid-in capital | L80 | | | 215 | | | 386 | | | $ | (351) | | | 250 | | |
Retained earnings (deficit) | L22 | (700) | | | 149 | | | | | 551 | | | | |
Total ABC shareholders' equity (deficit) | L23 | (300) | | | 450 | | | — | | | 200 | | | 350 | | |
Noncontrolling interest | L24 | 35 | | | | | | | | | 35 | | |
Total liabilities and shareholders' (deficit) | L25 | $ | 1,235 | | | $ | (150) | | | $ | — | | | $ | 200 | | | $ | 1,285 | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Figure 5.1
The legend for the elements used to tag these facts follows:
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
A4 | Reorganization, Chapter 11 [Axis] | | Duration | FreshStartAdjustmentsTypeOfFreshStartAdjustmentAxis |
| Reorganization, Chapter 11 [Domain] | | Duration | TypeOfFreshStartAdjustmentDomain |
M6 | Reorganization, Chapter 11, Predecessor, before Adjustment [Member] | | Duration | ReorganizationChapter11PredecessorBeforeAdjustmentMember |
M7 | Reorganization, Chapter 11, Discharge of Debt Adjustment [Member] | | Duration | DischargeOfDebtMember |
M8 | Reorganization, Chapter 11, Exchange of Stock Adjustment [Member] | | Duration | ExchangeOfStockForStockMember |
M9 | Reorganization, Chapter 11, Fresh-Start Adjustment [Member] | | Duration | ReorganizationChapter11FreshStartAdjustmentMember |
| | | | |
L2 | Cash and Cash Equivalents, at Carrying Value | Debit | Instant | CashAndCashEquivalentsAtCarryingValue |
L4 | Accounts Receivable, after Allowance for Credit Loss, Current | Debit | Instant | AccountsReceivableNetCurrent |
L6 | Inventory, Net | Debit | Instant | InventoryNet |
L7 | Assets, Current | Debit | Instant | AssetsCurrent |
L10 | Property, Plant and Equipment, Net | Debit | Instant | PropertyPlantAndEquipmentNet |
L11 | Goodwill | Debit | Instant | Goodwill |
L12 | Assets, Noncurrent | Debit | Instant | AssetsNoncurrent |
L13 | Assets | Debit | Instant | Assets |
L14 | Short-Term Debt | Credit | Instant | ShortTermBorrowings |
L15 | Accounts Payable, Current | Credit | Instant | AccountsPayableCurrent |
L17 | Liabilities, Current | Credit | Instant | LiabilitiesCurrent |
L18 | Liabilities Subject to Compromise | Credit | Instant | LiabilitiesSubjectToCompromise |
L19 | Liabilities | Credit | Instant | Liabilities |
L20 | Preferred Stock, Value, Issued | Credit | Instant | PreferredStockValue |
L21 | Common Stock, Value, Issued | Credit | Instant | CommonStockValue |
L22 | Retained Earnings (Accumulated Deficit) | Credit | Instant | RetainedEarningsAccumulatedDeficit |
L23 | Equity, Attributable to Parent | Credit | Instant | StockholdersEquity |
L24 | Equity, Attributable to Noncontrolling Interest | Credit | Instant | MinorityInterest |
| | | | |
Figure 5.2 (continues)
40
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
L25 | Liabilities and Equity | Credit | Instant | LiabilitiesAndStockholdersEquity |
L77 | Senior Notes, Noncurrent | Credit | Instant | SeniorLongTermNotes |
L78 | Subordinated Long-Term Debt, Noncurrent | Credit | Instant | SubordinatedLongTermDebt |
L79 | Long-Term Debt, Excluding Current Maturities | Credit | Instant | LongTermDebtNoncurrent |
L80 | Additional Paid in Capital | Credit | Instant | AdditionalPaidInCapital |
Figure 5.2 (continued)
The XBRL report view created using the modeling structure is provided here:
| | | | | | | | | | | | | | | | | | | | | | | |
| Standard Label | Preferred Label | | | | | |
| Date context | | 20x1-10-01 |
| Reorganization, Chapter 11 [Axis] | | Reorganization, Chapter 11, Predecessor, before Adjustment [Member] | Reorganization, Chapter 11, Discharge of Debt Adjustment [Member] | Reorganization, Chapter 11, Exchange of Stock Adjustment [Member] | Reorganization, Chapter 11, Fresh-Start Adjustment [Member] | Report-Wide Value |
| A4 | | M6 | M7 | M8 | M9 |
L2 | Cash and Cash Equivalents, at Carrying Value | Cash and cash equivalent | 335000 | -150000 | | | 185000 |
L4 | Accounts Receivable, after Allowance for Credit Loss, Current | Accounts receivable, net of allowance for credit loss | 350000 | | | | 350000 |
L6 | Inventory, Net | Inventories | 175000 | | | 50000 | 225000 |
L7 | Assets, Current | current assets | 860000 | -150000 | | 50000 | 760000 |
L10 | Property, Plant and Equipment, Net | Property, plant and equipment, net of depreciation | 175000 | | | 175000 | 350000 |
L11 | Goodwill | Goodwill | 200000 | | | -25000 | 175000 |
L12 | Assets, Noncurrent | noncurrent assets | 375000 | | | 150000 | 525000 |
L13 | Assets | assets | 1235000 | -150000 | | 200000 | 1285000 |
L14 | Short-Term Debt | Short-term borrowings | 175000 | | | | 175000 |
L15 | Accounts Payable, Current | Accounts payable | 275000 | | | | 275000 |
L17 | Liabilities, Current | current liabilities | 450000 | | | | 450000 |
L18 | Liabilities Subject to Compromise | Liabilities subject to compromise | 1050000 | -1050000 | | | |
L77 | Senior Notes, Noncurrent | Senior debt, noncurrent | | 275000 | | | 275000 |
L78 | Subordinated Long-Term Debt, Noncurrent | Subordinated debt, noncurrent | | 175000 | | | 175000 |
L79 | Long-Term Debt, Excluding Current Maturities | long-term debt | | 450000 | | | 450000 |
L19 | Liabilities | liabilities | 1500000 | -600000 | | | 900000 |
L20 | Preferred Stock, Value, Issued | Preferred stock | 325000 | | -325000 | | |
L21 | Common Stock, Value, Issued | Common stock | 75000 | 86000 | -61000 | | 100000 |
L80 | Additional Paid in Capital | Additional paid-in capital | | 215000 | 386000 | -351000 | 250000 |
L22 | Retained Earnings (Accumulated Deficit) | Retained earnings (deficit) | -700000 | 149000 | | 551000 | |
L23 | Equity, Attributable to Parent | ABC shareholders' equity (deficit) | -300000 | 450000 | 0 | 200000 | 350000 |
L24 | Equity, Attributable to Noncontrolling Interest | Noncontrolling interest | 35000 | | | | 35000 |
L25 | Liabilities and Equity | liabilities and shareholders' (deficit) | 1235000 | -150000 | 0 | 200000 | 1285000 |
Figure 5.3
Notes:
•“Reorganization, Chapter 11 [Axis]” (A4), “Reorganization, Chapter 11, Predecessor, before Adjustment [Member]” (M6) and the applicable line items are intended to be used to tag the fact values before the effect of the plan of reorganization and fresh-start adjustments as the predecessor.
•“Reorganization, Chapter 11 [Axis]” (A4) and the applicable line items are intended to be used to tag the fact values of adjustments resulting from the effect of the reorganization plan, including the discharge of debt adjustment tagged with “Reorganization, Chapter 11, Discharge of Debt Adjustment [Member]” (M7) and stock exchange adjustment tagged with “Reorganization, Chapter 11, Exchange of Stock Adjustment [Member]” (M8).
•“Reorganization, Chapter 11 [Axis]” (A4), “Reorganization, Chapter 11, Fresh-Start Adjustment [Member]” (M9) and the applicable line items are intended to be used to tag the fact values of the adjustments as a result of the adoption of fresh-start accounting.
•The date contexts used for tagging in Figure 5.3 is 20x1-10-01 even though the dates for emerging entity are the beginning of October 2, 20x1 from an accounting perspective.
Example 6—Consolidated Statement of Financial Position After Emergence from Chapter 11 Reorganization and Adoption of Fresh-start Accounting
This Example illustrates the modeling for the consolidated statement of financial position after emergence from Chapter 11 reorganization and adoption of fresh-start accounting.
The ABC Company applied the effects of the reorganization plan and adopted fresh-start accounting on October 1, 20x1 in Figure 5.1. The consolidated statement of financial position in Figure 6.1 only presents the values of the successor entity at the end of December 31, 20x1 for illustrative purpose.
| | | | | | | | | | | |
ABC Company |
Consolidated Statement of Financial Position as of December 31, 20x1 |
(in thousands) |
| | | |
| L81 | Successor | |
Cash and cash equivalent | L2 | $ | 265 | | |
Accounts receivable, net of allowance for credit loss | L4 | 320 | | |
Inventories | L6 | 245 | | |
Total current assets | L7 | 830 | | |
Property, plant and equipment, net of depreciation | L10 | 350 | | |
Goodwill | L11 | 175 | | |
Total noncurrent assets | L12 | 525 | | |
Total assets | L13 | $ | 1,355 | | |
| | | |
Short-term borrowings | L14 | $ | 175 | | |
Accounts payable | L15 | 295 | | |
Total current liabilities | L17 | 470 | | |
Senior debt, noncurrent | L77 | 275 | | |
Subordinated debt, noncurrent | L78 | 175 | | |
Total long-term debt | L79 | 450 | | |
Total liabilities | L19 | 920 | | |
| | | |
Common stock | L21 | 100 | | |
Additional paid-in capital | L80 | 250 | | |
Retained earnings (deficit) | L22 | 50 | | |
Total ABC shareholders' equity (deficit) | L23 | 400 | | |
Noncontrolling interest | L24 | 35 | | |
Total liabilities and shareholders' (deficit) | L25 | $ | 1,355 | | |
| | | |
Figure 6.1
The legend for the elements used to tag these facts follows:
| | | | | | | | | | | | | | |
| Standard Label | Balance Type | Period Type | Element Name |
L2 | Cash and Cash Equivalents, at Carrying Value | Debit | Instant | CashAndCashEquivalentsAtCarryingValue |
L4 | Accounts Receivable, after Allowance for Credit Loss, Current | Debit | Instant | AccountsReceivableNetCurrent |
L6 | Inventory, Net | Debit | Instant | InventoryNet |
L7 | Assets, Current | Debit | Instant | AssetsCurrent |
L10 | Property, Plant and Equipment, Net | Debit | Instant | PropertyPlantAndEquipmentNet |
L11 | Goodwill | Debit | Instant | Goodwill |
L12 | Assets, Noncurrent | Debit | Instant | AssetsNoncurrent |
L13 | Assets | Debit | Instant | Assets |
L14 | Short-Term Debt | Credit | Instant | ShortTermBorrowings |
L15 | Accounts Payable, Current | Credit | Instant | AccountsPayableCurrent |
L17 | Liabilities, Current | Credit | Instant | LiabilitiesCurrent |
L19 | Liabilities | Credit | Instant | Liabilities |
L21 | Common Stock, Value, Issued | Credit | Instant | CommonStockValue |
L22 | Retained Earnings (Accumulated Deficit) | Credit | Instant | RetainedEarningsAccumulatedDeficit |
L23 | Equity, Attributable to Parent | Credit | Instant | StockholdersEquity |
L24 | Equity, Attributable to Noncontrolling Interest | Credit | Instant | MinorityInterest |
L25 | Liabilities and Equity | Credit | Instant | LiabilitiesAndStockholdersEquity |
L77 | Senior Notes, Noncurrent | Credit | Instant | SeniorLongTermNotes |
L78 | Subordinated Long-Term Debt, Noncurrent | Credit | Instant | SubordinatedLongTermDebt |
L79 | Long-Term Debt, Excluding Current Maturities | Credit | Instant | LongTermDebtNoncurrent |
L80 | Additional Paid in Capital | Credit | Instant | AdditionalPaidInCapital |
L81 | Financial Designation, Predecessor and Successor [Fixed List] | | Duration | FinancialDesignationPredecessorAndSuccessorFixedList |
Figure 6.2
The XBRL report view created using the modeling structure is provided here:
| | | | | | | | | | | |
| Standard Label | Preferred Label | |
| | | Report-Wide Value |
| Date context | | 20x1-10-02 to 20x1-12-31 |
L81 | Financial Designation, Predecessor and Successor [Fixed List] | | Successor |
| Date context | | 20x1-12-31 |
L2 | Cash and Cash Equivalents, at Carrying Value | Cash and cash equivalent | 265000 |
L4 | Accounts Receivable, after Allowance for Credit Loss, Current | Accounts receivable, net of allowance for credit loss | 320000 |
L6 | Inventory, Net | Inventories | 245000 |
L7 | Assets, Current | current assets | 830000 |
L10 | Property, Plant and Equipment, Net | Property, plant and equipment, net of depreciation | 350000 |
L11 | Goodwill | Goodwill | 175000 |
L12 | Assets, Noncurrent | noncurrent assets | 525000 |
L13 | Assets | assets | 1355000 |
L14 | Short-Term Debt | Short-term borrowings | 175000 |
L15 | Accounts Payable, Current | Accounts payable | 295000 |
L17 | Liabilities, Current | current liabilities | 470000 |
L77 | Senior Notes, Noncurrent | Senior debt, noncurrent | 275000 |
L78 | Subordinated Long-Term Debt, Noncurrent | Subordinated debt, noncurrent | 175000 |
L79 | Long-Term Debt, Excluding Current Maturities | long-term debt | 450000 |
L19 | Liabilities | liabilities | 920000 |
L21 | Common Stock, Value, Issued | Common stock | 100000 |
L80 | Additional Paid in Capital | Additional paid-in capital | 250000 |
L22 | Retained Earnings (Accumulated Deficit) | Retained earnings (deficit) | 50000 |
L23 | Equity, Attributable to Parent | ABC shareholders' equity (deficit) | 400000 |
L24 | Equity, Attributable to Noncontrolling Interest | Noncontrolling interest | 35000 |
L25 | Liabilities and Equity | liabilities and shareholders' (deficit) | 1355000 |
Figure 6.3
Note:
•“Financial Designation, Predecessor and Successor [Fixed List]” (L81) is intended to be used to identify the successor in the filing. Values of successor are the report-wide values for the reporting entity and would not be dimensionalized.
Appendix A—Changes to 2024 GAAP Taxonomy Implementation Guide (Version 2.0) from 2023 GAAP Taxonomy Implementation Guide (Version 1.0)
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Example Number(s) or Section | Figure(s) | Explanation | 2023 Reference | 2023 Element | 2023 Standard Label | 2024 Reference | 2024 Element | 2024 Standard Label |
Example 1 Example 2 Example 3 | 1a.1, 1.2, 1a.3 2a.1, 2.2, 2a.3 3a.1, 3.2, 3a.3 | Updated standard label | A2 | RelatedPartyTransactionsByRelatedPartyAxis | Related Party, Type [Axis] | A2 | RelatedPartyTransactionsByRelatedPartyAxis | Related and Nonrelated Parties [Axis] |
Example 1 Example 2 Example 3 | 1.2 2.2 3.2 | Updated standard label | N/A | RelatedPartyDomain | Related Party, Type [Domain] | N/A | RelatedPartyDomain | Related and Nonrelated Parties [Domain] |
Example 1 | 1a.1, 1.2, 1a.3 | Updated standard label | XL5 | AccountsReceivableAfterAllowanceForCreditLossCurrentRelatedPartyTypeExtensibleEnumeration | Accounts Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] | XL5 | AccountsReceivableAfterAllowanceForCreditLossCurrentRelatedPartyTypeExtensibleEnumeration | Accounts Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] |
Example 1 | 1a.1, 1.2, 1a.3 | Updated standard label | XL16 | AccountsPayableRelatedPartyTypeExtensibleEnumeration | Accounts Payable, Related Party, Type [Extensible Enumeration] | XL16 | AccountsPayableRelatedPartyTypeExtensibleEnumeration | Accounts Payable, Related Party [Extensible Enumeration] |
Example 2 | 2a.1, 2.2, 2a.3 | Updated standard label | XL31 | RevenueRelatedPartyTypeExtensibleEnumeration | Revenue, Related Party, Type [Extensible Enumeration] | XL31 | RevenueRelatedPartyTypeExtensibleEnumeration | Revenue, Related Party [Extensible Enumeration] |
Example 2 | 2a.1, 2.2, 2a.3 | Updated standard label | XL33 | CostOfRevenueRelatedPartyTypeExtensibleEnumeration | Cost of Revenue, Related Party, Type [Extensible Enumeration] | XL33 | CostOfRevenueRelatedPartyTypeExtensibleEnumeration | Cost of Revenue, Related Party [Extensible Enumeration] |
Example 2 | 2a.1, 2.2, 2a.3 | Updated standard label | L38 | InterestExpense | Interest Expense | L38 | InterestExpense | Interest Expense, Operating and Nonoperating |