Change record status: 
Project: 
Introduced in branch: 
8.8.x
Introduced in version: 
8.8.0
Description: 

Field formatters will now pass their third party settings as part of their render array.

An example usage is to create additional template suggestions:

/**
 * Implements hook_theme_suggestions_HOOK_alter().
 */
function my_module_theme_suggestions_field_alter(&$suggestions, array $variables) {
  $third_party_setting = $variables['element']['#third_party_settings']['my_module']['foo'];
  $suggestions[] = 'field__' . $third_party_setting;
}
Impacts: 
Module developers
Themers