Today the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) intended to enhance disclosure requirements on income taxes. The proposed ASU would modify existing disclosure requirements and provide additional disclosure requirements for income taxes. Such modifications and additions include describing an enacted change in tax law, disaggregating certain income tax information between foreign and domestic operations, and explaining the circumstances that caused a change in assertion about the indefinite reinvestment of undistributed foreign earnings. The proposed ASU would also require disclosing the aggregate cash, cash equivalents, and marketable securities held by foreign subsidiaries.