US GAAP Disclosure List

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Product Liability Contingencies


ItemTypePeriodBalanceDescription
Product Liability Contingency textInformation and financial data about the reasonably possible loss or the recognized and additional reasonably possible loss from product liability related to an individual product.
Balance Sheet Location textInformation by location on balance sheet (statement of financial position).
Income Statement Location textInformation by location in the income statement.
Statement Geographical Axis
Range Axis
Product Liability Contingency textLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
Product Or Service Axis
Balance Sheet Location durationLocation in the balance sheet (statement of financial position).
Income Statement Location durationLocation in the income statement.
Segment Geographical Domain
Range Member
Loss Contingency Accrual, Product Liability, Material Components text
Loss Contingency Accrual, Product Liability, Net, Fiscal Year Maturity text
Loss Contingency Accrual, Product Liability, Net, Rolling Maturity text
Product Liability Contingency, DescriptiontextDescribes the damages allegedly caused by appropriate use of the product, such as death from a drug and injury from a toy, which the damaged party reasonably believed was attributable to dangers for which no warning or inadequate warning was provided, such as defects in labeling, construction, and inappropriate (impurities in) processing.
Product Liability Contingency, Management Assessment ProcesstextDescribes management's process to evaluate allegations of damages pertaining to a product and to estimate the impact on the financial statements and ongoing operations.
Product Liability Contingency, Accrual, AssumptionstextDescribes the important assumptions underlying the estimate of the product liability loss, and may describe any changes in the assumptions made since the last reporting period.
Product Liability Contingency, Circumstances Impacting Precision of EstimatetextCircumstances affecting the reliability and precision of damages estimates for a specified product.
Product Liability Contingency, Factors Changing EstimatetextFactors that may cause a change in an estimate of a loss that exceeds: the amount accrued for the contingency, a recognized asset for third-party recoveries, an estimated loss contingency that has not been accrued, or a disclosed gain contingency.
Product Liability Contingency, Loss Inestimable StatementtextStatement to the effect that an estimate of the probable or reasonably possible loss or range of loss for product liability damages cannot be made.
Loss Contingency Accrual, Product Liability, Undiscounted, to be Paid, Remainder of Fiscal Year$instantcreditUndiscounted amount of accrual for damage arising from third-party use of product or process to be paid in remainder of current fiscal year.
Loss Contingency Accrual, Product Liability, Net, Explanation of Material Change in AccrualtextDescribes the nature or cause of a material change in the expected aggregate amount since the prior balance sheet date, other than a change resulting from pay-down of the obligation.
Product Liability Contingency, Accrual, Discount Rate%instantRate applied to the undiscounted amount of estimated damages for product liability to arrive at the present value recorded as of the balance sheet date.
Product Liability Contingency, Accrual, Present Value$instantcreditPresent value of the accrual for product liability loss contingencies as of the balance sheet date (if the accrual qualifies for discounting).
Product Liability Contingency, Indication Accrual May ChangetextDisclosure that it is reasonably possible that a change in an estimate of the obligation will occur in the near term when information available prior to issuance of the financial statements indicates that it is at least reasonably possible that the product liability accrual estimate will change due to one or more future confirming events.
Product Liability Contingency, Loss Exposure Not Accrued, DescriptiontextNature of the reasonably possible allegations of damages and estimate of the loss exposure for product liability for which no accrual has been recorded.
Product Liability Contingency, Loss Exposure Not Accrued, Third Party Recovery CommentarytextDescribes the extent to which disclosed but not recognized contingent losses from product liability damages are expected to be recoverable through insurance, indemnification arrangements, or other sources, and any material limitations of that recovery.
Product Liability Contingency, Loss Exposure in Excess of Accrual, Best Estimate$durationdebitBest estimate of the reasonably possible loss exposure in excess of the amount accrued for damages pertaining to a specified product.
Product Liability Contingency, Unasserted ClaimstextExtent to which unasserted claims are reflected in an accrual or may affect the magnitude of the product liability contingency.
Product Liability Contingency, Uncertainties from Joint and Several LiabilitytextUncertainties with respect to joint and several liability that may affect the magnitude of the contingency.
Product Liability Contingency, Uncertainties from InsurancetextUncertainties with respect to the legal sufficiency of insurance claims or the solvency of carriers for product liability damages.
Product Liability Contingency, Time Frame of DisbursementstextEstimated time frame of disbursements over which the accrued or presently unrecognized amounts may be paid out for damages pertaining to a specified product.
Product Liability Contingency, Third Party Recovery$durationcreditAmount of the estimated recovery from third parties recorded in the period pertaining to product liability damages from specified products.
Product Liability Contingency, Third Party Recovery, Percentage%durationPercentage of the estimated recovery from third parties recorded in the period pertaining to product liability damages from specified products.
Products And Services Domain

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