Analyzing, Interpreting, and capitalizing Operating Lease Goldman Sachs SEC filing for the quarter ended March 31, 2019, report contains the following lease footnote. Leases (ASC 842). In February 2016, the FASB issued ASU NO 2016-02, Leases (Topic 842). This ASU requires that for loases longer than one year, a lessee recognize in the statements of financial condition a right-of-use asset and a lease liability. It also requires that for finance leases, a lessee recognize interest expense on the lease liability, separately from the amortization of the right of use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. The firm adopted this ASU in January 2019 under a modified retrospective approach The table below presents other assets by type Sin millions Mar. 2019 Dec, 2018 Property, lenhold improvements and equipment Held-to-maturity securities Goodwill and identifiable intreble assets 4092 $11.317 $19.277 5841 $ in millions Mar. 2019 Dec, 2018 Compensation and benefits $3.110 $6,894 Income tax-related liabilities 3,080 2.864 Operating lease liabilities 2413 Noncontrolling interests 1,565 1.568 Employee Interests in consolidated funds 122 122 Accrued expenses and other 5,884 6,219 Total $16,174 $17,607 The table below presents information about future operating lease payments. Sin millions Mar. 2019 Remainder of 2019 318 2020 2021 262 2022 235 2022 2044 101 Analyzing, Interpreting, and capitalizing Operating Lease Goldman Sachs SEC filing for the quarter ended March 31, 2019, report contains the following lease footnote. Leases (ASC 842). In February 2016, the FASB issued ASU NO 2016-02, Leases (Topic 842). This ASU requires that for loases longer than one year, a lessee recognize in the statements of financial condition a right-of-use asset and a lease liability. It also requires that for finance leases, a lessee recognize interest expense on the lease liability, separately from the amortization of the right of use asset in the statements of earnings, while for operating leases, such amounts should be recognized as a combined expense. The firm adopted this ASU in January 2019 under a modified retrospective approach The table below presents other assets by type Sin millions Mar. 2019 Dec, 2018 Property, lenhold improvements and equipment Held-to-maturity securities Goodwill and identifiable intreble assets 4092 $11.317 $19.277 5841 $ in millions Mar. 2019 Dec, 2018 Compensation and benefits $3.110 $6,894 Income tax-related liabilities 3,080 2.864 Operating lease liabilities 2413 Noncontrolling interests 1,565 1.568 Employee Interests in consolidated funds 122 122 Accrued expenses and other 5,884 6,219 Total $16,174 $17,607 The table below presents information about future operating lease payments. Sin millions Mar. 2019 Remainder of 2019 318 2020 2021 262 2022 235 2022 2044 101
