SFAS No. 157 required disclosures about the fair value measurements in a tabular format for each major category of assets and liabilities measured at fair value on a nonrecurring basis during the period. A table is also required for liabilities measured at fair value on a nonrecurring basis, if any exist. A similar set of disclosures in to be made for assets and liabilities that are remeasured at fair value on a recurring basis.
An illustration of information on assets measured at fair value on a nonrecurring basis is provided in Exhibit 7.4