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U.S. GAAP
Financial Accounting Review

[U.S. GAAP Codification Topic]
225-20 Extraordinary and unusual items

[U.S. GAAP before the Codification]
APB Opinion No. 30, June 1973, Reporting the Results of Operations - Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions

1. Criteria for extraordinary items
(1) Unusual nature
(2) Infrequency of occurrence

2. Presentation of extraordinary items
(1) Extraordinary items are
--> presented separately in the income statement
(2) Earnings per share for extraordinary items
--> presented in the income statement or in the notes

3. The following items are "not" extraordinary items
(1) Effects of a strike
(2) Gains or losses from the abandonment of property, plant and equipment
(3) Impairment of receivables and inventories
(4) Foreign currency translation gains or losses
(5) Gains or losses from the disposal of an entity's components