Google has $1 billion in bonds payable that mature on January 1, 2021. Google intends on refinancing this debt by issuing $1 billion in new bonds. Delays due to COVID cause the issuance of this new debt to be postponed. On January 1, 2021, Google uses cash to retire the bonds, on February 1, 2021 Google issues $1 billion in new long-term bonds to. Google issues its financial statements for fiscal year end December 31, 2020 on March 10, 2021. Which section of the FASB Accounting Standards Codification best defines how Google should classify the $1 billion bond payable on their December 31, 2020 balance sheet?