External resource

ASU 2015-17 — balance-sheet classification of deferred taxes

FASB amendment requiring noncurrent presentation of deferred tax assets and liabilities in a classified statement of financial position.

Authority and currency

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Publisher: Financial Accounting Foundation
Standing: Primary authority
Version: ASU 2015-17
Relevant parts: Summary and amendments to paragraphs 740-10-45-4 through 45-10
Currency: current · checked Aug 8, 2026

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The amendment removes current/noncurrent splitting of deferred balances in a classified balance sheet. It does not erase the tax-paying-component and jurisdiction boundaries that govern offsetting.