section of the Balance Sheet. The FASB released an Accounting Standards Update on January 5, 2016 that changes items reported in OCI. Previously, equity securities could be classified as available for sale, and unrecognized gains and losses on these securities appeared in OCI. However, per this update, there is no longer an available for sale classification for equity securities if the fair value of these securities can be readily determined. Changes in the fair value of equity investments in unconsolidated entities flow through earnings for fiscal years beginning after December 15, 2017. See also Balance sheet Comprehensive income Hedge accounting Reserve (accounting) Statement of comprehensive income References Accounting in the United States