I think I finally understand it. I just need someone to confirm. (actuarial g/l recognition) We all know the amount over the 10% corridor is amortized. US GAAP - Expense on the income statement, or failing that, in OCI IFRS: Income statement as an expense The amount at the 10% corridor and below: 1) IFRS: Disclosed in footnotes, not shown on balance sheet. Unless you decide to recognize the actuarial g/l immediately, causing OCI to increase and equity to rise. 2) US GAAP - Amount is under AOCI on the balance sheet and will be slowly amortized