In terms of official recognition, the tournament has been an event on the European Tour since its formation in 1972. The PGA Tour added it as its first official event outside of the United States and Canada in 1995, in addition all previous PGA Tour seasons have been retroactively adjusted to include the Open in official money and win statistics. Currently the Open, along with the other three majors and The Players Championship, are the top-tier tournaments in the FedEx cup, offering more points than any other non-playoff event. The Open is also an official event on the Japan Golf Tour.