Negative Values

1 Presentation style of rule messages may differ among software implementations of the rules.

Appendix A – Specific rule messages

DQC.US.0015.243 (Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation)

${fact1.label} has a value of ${fact1.value} which is less than zero. This element represents the excess tax benefit associated with share based compensation, and excludes tax deficiencies that occur when the value of the stock based compensation is less than the compensation expense recognized. If this is a tax deficiency, use the element Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.262 (Amortization of Lease Incentives)

${fact1.label} has a value of ${fact1.value} which is less than zero. This element represents the amortization of lease incentives offered by the lessor to the lessee, and should only be used by the lessor to reflect the allocated expense associated with the incentive over the life of the lease.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.310 (Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax)

${fact1.label} has a value of ${fact1.value} which is less than zero.  This element represents the total losses on available for sale securities with net losses reported in accumulated other comprehensive income.  The value of this element cannot be negative, as that would represent a gain on available for sale securities. If this is a gain, use the element Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.456 (Capital Leases, Future Minimum Payments, Executory Costs)

${fact1.label} has a value of ${fact1.value} which is less than zero. This element should be a positive amount as it represents the  insurance, maintenance, and taxes to be paid by the lessor that offset the future minimum payments of the lessee.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.457 (Capital Leases, Future Minimum Payments, Interest Included in Payments)

${fact1.label} has a value of ${fact1.value} which is less than zero. It represents the difference between the total future minimum lease payments and the discounted present value of those lease payments.  It is often shown as a deduction from the total minimum lease payments to calculate the present value of the minimum lease payments.  A negative value would imply a negative interest rate which is unlikely.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.476 (Cash Acquired in Excess of Payments to Acquire Business)

${fact1.label} has a value of ${fact1.value} which is less than zero. If a negative value was reported to represent payments greater than the cash acquired, use the element Payments to Acquire Businesses, Net of Cash Acquired.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.493 (Certain Loans Acquired in Transfer Accounted for as Debt Securities, Accretable Yield, Accretion)

${fact1.label} has a value of ${fact1.value} which is less than zero. In the roll forward of accretable yield, the accretion amount is deducted and is often shown as a negative value.  However, the accretion amount that reduces the balance should be reported as a positive amount.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.496 (Certain Loans Acquired in Transfer, Accretable Yield)

${fact1.label} has a value of ${fact1.value} which is less than zero. This amount is often shown as a deduction from contractual cash flows to calculate the value of loans accounted for under ASC 310-30.  It should be reported as a positive amount.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.497 (Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Accretion)

${fact1.label} has a value of ${fact1.value} which is less than zero. In the roll forward of accretable yield, the accretion amount is deducted and is often shown as a negative value.  However, the accretion amount that reduces the balance should be reported as a positive amount.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.629 (Deferred Tax Assets, Tax Deferred Expense)

${fact1.label} has a value of ${fact1.value} which is less than zero. If the element is negative because it represents a deferred tax liability, use the element Deferred Tax Liabilities, Deferred Expense.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.633 (Deferred Tax Assets, Valuation Allowance)

${fact1.label} has a value of ${fact1.value} which is less than zero. This element is often shown as a reduction in deferred tax assets.  This element should be reported with a positive value when it reduces the value of deferred tax assets.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.640 (Deferred Tax Liabilities, Derivatives)

${fact1.label} has a value of ${fact1.value} which is less than zero. If a deferred tax asset is being reported for derivatives, use the element Deferred Tax Assets, Derivative Instruments.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.951 (Extinguishment of Debt, Amount)

${fact1.label} has a value of ${fact1.value} which is less than zero. This element should not be used to represent a repayment of debt on the cash flow statement. To represent the repayment of debt on the cash flow statement, use an element representing repayments of debt.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.1032 (Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3)

${fact1.label} has a value of ${fact1.value} which is less than zero. If it is entered as a negative amount to represent a transfer out of Level 3, use the element Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 to represent the reduction in Level 3 liabilities.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.1240 (Gain on Derivative Instruments, Pretax)

${fact1.label} has a value of ${fact1.value} which is less than zero.  If the item represents a gross loss on derivative instruments, use the element Loss on Derivative Instruments, Pretax. If it represents a net loss on derivative instruments, use the element Gain (Loss) on Derivative Instruments, Net, Pretax.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.1306 (Effective Income Tax Rate Reconciliation, Nondeductible Expense, Research and Development, Amount)

${fact1.label} has a value of ${fact1.value} which is less than zero. If this element is a research tax credit, use the element Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount. If it is nondeductible research and development expense it should be entered as a positive amount.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.1428 (Derivative, Notional Amount)

${fact1.label} has a value of ${fact1.value} which is less than zero. If this represents a short position, use the Position Axis and Short Member with this element to indicate the notional derivative amount is in a short position, and report the value as a positive amount.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.1615 (Loans and Leases Receivable, Related Parties, Collections)

${fact1.label} has a value of ${fact1.value} which is less than zero. This element represents the receipt of collections from related parties which reduces the receivables balance, and not the receipt of cash.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

DQC.US.0015.2169 (SEC Schedule III, Real Estate, Improvements)

${fact1.label} has a value of ${fact1.value} which is less than zero. This element represents the increase in the value of real estate during the period, and not the cash payments made for real estate improvements. This element should not be used for payments for capital improvements.

The properties of this ${fact1.name} fact are:

Period: ${fact1.period}
Dimensions: ${fact1.dimensions}
Unit: ${fact1.unit}
Rule version: ${ruleVersion}

Appendix B – Post-implementation edits (2016 – 2020)

Member Exclusion list revisions (effective):

Axis changes

• Add AdjustmentsForChangeInAccountingPrincipleAxis (February 17, 2016)
• Add AdjustmentsForNewAccountingPronouncementsAxis (February 17, 2016)
• Add ChangeInAccountingEstimateByTypeAxis (April 6, 2016)
• Add ErrorCorrectionsAndPriorPeriodAdjustmentsRestatementByRestatementPeriodAndAmountAxis (February 17, 2016)
• Add PartnerCapitalComponentsAxis (April 6, 2016)
• Add PartnerTypeOfPartnersCapitalAccountAxis (April 6, 2016)
• Add ProspectiveAdoptionOfNewAccountingPronouncementsAxis (February 17, 2016)
• Add QuantifyingMisstatementInCurrentYearFinancialStatementsByNatureOfErrorAxis (February 17, 2016)
• Add StatementBusinessSegmentsAxis (January 1, 2017)
• Add ConsolidatedEntitiesAxis (June, 2017)

Member changes

• Add AllOtherSegmentsMember on StatementBusinessSegmentsAxis (April 6, 2016)
• Add ChangeDuringPeriodFairValueDisclosureMember on FairValueByMeasurementBasisAxis (April 6, 2016)
• Add CorporateAndEliminationsMember on ConsolidationItemsAxis (April 6, 2016)
• Add CorporateAndOtherMember on StatementBusinessSegmentsAxis (April 6, 2016)
• Add CorporateAndReconcilingItemsMember on ConsolidationItemsAxis (April 6, 2016)
• Add CorporateMember on StatementBusinessSegmentsAxis (April 6, 2016)
• Add CorporateReconcilingItemsAndEliminationsMember on ConsolidationItemsAxis (April 6, 2016)
• Add SubsidiaryIssuerMember to the Legal Entity Axis (February 17, 2016)
• Add UnallocatedFinancingReceivablesMember on FinancingReceivablePortfolioSegmentAxis (May 17, 2016)
• Change “Reconciliat” TO “Reconcili” (February 17, 2016)

Line Item removals (effective):

• AllocatedShareBasedCompensationExpense (248) (February 17, 2016)
• DisposalGroupIncludingDiscontinuedOperationOperatingExpense (862) (May 17, 2016)
• ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (941) (February 17, 2016)
• FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements (1041) (May 17, 2016)
• IncomeTaxReconciliationTaxExemptIncome (1308) (April 6, 2016)
• InterestCreditedToPolicyOwnerAccounts (1366) (February 17, 2016)
• NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed (1781) (February 17, 2016)
• NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 (1782) (April 6, 2016)
• PaymentsForProceedsFromFederalReserveBankStock (1937) (February 17, 2016)
• RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts (2164) (April 6, 2016)
• RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements (2165) (April 6, 2016)
• SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingsAndImprovements (2320) (April 6, 2016)
• SECScheduleIIIRealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand (2321) (April 6, 2016)
• ServicingAssetAtAmortizedValueValuationAllowance (2391) (April 6, 2016)
• LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1 (1542) (January 1, 2017)
• NonInvestmentAssetsLessNonInvestmentLiabilitiesPercentOfNetAssets (1800) (January 1, 2017)
• ImpairmentOfLongLivedAssetsHeldForUse (2912) (January 1, 2017)
• OtherOwnershipInterestsCapitalAccount (5459) (January 1, 2017)
• DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset (730) (January 1, 2018)
• MembersEquityAttributableToNoncontrollingInterest (1721) (January 1, 2018)
• AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries (6183) (January 1, 2018)
• RevenueFromContractWithCustomerExcludingAssessedTax (7058) (June 29, 2018)
• RevenueFromContractWithCustomerIncludingAssessedTax (7059) (June 29, 2018)
• LongtermDebtWeightedAverageInterestRate (4661) (October, 2018)
• DebtWeightedAverageInterestRate (5573) (October, 2018)
• LongTermDebtWeightedAverageInterestRateOverTime (7008) (October, 2018)
• ShortTermDebtWeightedAverageInterestRateOverTime (7091) (October, 2018)
• EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount (7561) (October, 2018)
• PartnersCapitalAccountUnitBasedCompensation (1915) (February, 2020)
• SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost (2412) (February, 2020)
• LongTermDebtPercentageBearingFixedInterestRate (4658) (February, 2020)
• LongTermDebtPercentageBearingVariableInterestRate (4660) (February, 2020)
• ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet (3383) (July, 2020)
• ShortdurationInsuranceContractsIncurredButNotReportedIbnrClaimsLiabilityNet (3396) (July, 2020)
• ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet (3397) (July, 2020)
• ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNet (3398) (July, 2020)
• ShortdurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseNetNotSeparatelyPresented (3399) (July, 2020)
• FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery (9127) (July, 2020)

Line Item additions

• EarningsPerShareBasicDistributed (7656) (October, 2018)

Version 3 Update – March 2017

A number of non negative item checks are being removed as part of a version 3 update.

FASB Updates to Definitions

The following six items are being removed because the FASB has clarified that certain elements can be negative in the 2017 taxonomy. These items are listed below.

1. DeferredPolicyAcquisitionCostsAndPresentValueOfFutureProfitsAmortization1
   Definition: Amount of amortization expense (reversal of expense) for deferred policy acquisition costs and present value of future profits from insurance contract acquired in business combination.
2. DeferredSalesInducementsAmortizationExpense
   Definition: Amount of amortization expense (reversal of expense) for deferred sales inducement cost.
3. DefinedBenefitPlanExpectedReturnOnPlanAssets
   Definition: Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan.
4. DefinedBenefitPlanOtherCosts
   Definition: Amount of defined benefit plan cost (credit), classified as other.
5. DefinedBenefitPlanSettlementsBenefitObligation
   Definition: Amount of (increase) decrease to benefit obligation of defined benefit plan from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Includes, but is not limited to, lump-sum cash payment to participant in exchange for right to receive specified benefits, purchase of nonparticipating annuity contract and change from remeasurement.
6. PresentValueOfFutureInsuranceProfitsAmortizationExpense1
   Definition: Amount of amortization expense (reversal of expense) for present value of future profits of insurance contract acquired in business combination.

False Positives Identified from Existing Rules

In addition to items removed because of the FASB update a number of items that can be negative were identified and are being removed from the list of elements that cannot be negative. These are as follows:

Elements include negative subcomponents

The element OtherIncome is being removed from list of non neg items. This element can be negative for insurance companies based on the taxonomy structure. I.e. Net investment gains and losses could be included in other income.

The element NoninterestIncomeOtherOperatingIncome is being removed from the non negative list. This item is a catch all which includes potentially gain loss on extinguishment of debt and gain loss on investments.

The element FDICIndemnificationAssetNetWriteOffs is being removed from the non negative list. This item is a total which could be negative if recoveries are greater than the write-off.

Elements represent estimates that can be reversals

The following elements are being removed as they are estimates that can reverse in subsequent periods:

• SeveranceCosts1
• BusinessExitCosts1
• AmortizationOfValueOfBusinessAcquiredVOBA

Version 6 Update – June 2018

• Updated for 2018 US GAAP taxonomy and to support changes resulting from the creation of the SEC Reporting Taxonomy (SRT)
• Updated the non-negative list to allow for reporting of the differences associated with the adoption of the Revenue Recognition Standard. A negative value used with the member DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member will no longer flag an error.