diff --git a/Doc/library/code.rst b/Doc/library/code.rst
index 538e5afc7822aa..c76c1df349a44d 100644
--- a/Doc/library/code.rst
+++ b/Doc/library/code.rst
@@ -65,6 +65,22 @@ build applications which provide an interactive interpreter prompt.
    raises :exc:`OverflowError` or :exc:`ValueError` if the command contains an
    invalid literal.
 
+Overriding Console Output
+-------------------------
+
+All output is printed to :data:`sys.stderr` by default.  A user can override
+:meth:`InteractiveConsole.write` in a derived class to change that.
+Alternatively, it is possible to selectively redirect parts of the output:
+
+* The return values of successfully interpreted Python statements are printed
+  with :func:`sys.displayhook`.
+* Exception tracebacks and syntax errors can be redirected by setting
+  :func:`sys.excepthook`.
+
+Additionally, :class:`InteractiveConsole` will print banner information to
+:data:`sys.stderr` if *banner* was passed to the constructor.
+
+
 
 .. _interpreter-objects:
 
diff --git a/Doc/library/functions.rst b/Doc/library/functions.rst
index 7d8a669f9e16d4..2cdb9c95c6e48c 100644
--- a/Doc/library/functions.rst
+++ b/Doc/library/functions.rst
@@ -288,8 +288,9 @@ are always available.  They are listed here in alphabetical order.
    The *mode* argument specifies what kind of code must be compiled; it can be
    ``'exec'`` if *source* consists of a sequence of statements, ``'eval'`` if it
    consists of a single expression, or ``'single'`` if it consists of a single
-   interactive statement (in the latter case, expression statements that
-   evaluate to something other than ``None`` will be printed).
+   interactive statement.  In the ``'single'`` case, expression statements that
+   evaluate to something other than ``None`` will be printed using
+   :func:`sys.displayhook`.
 
    The optional arguments *flags* and *dont_inherit* control which
    :ref:`compiler options <ast-compiler-flags>` should be activated
diff --git a/Misc/NEWS.d/next/Documentation/2021-05-25-20-35-37.bpo-12403.8BFtwS.rst b/Misc/NEWS.d/next/Documentation/2021-05-25-20-35-37.bpo-12403.8BFtwS.rst
new file mode 100644
index 00000000000000..beef052bf8d0f6
--- /dev/null
+++ b/Misc/NEWS.d/next/Documentation/2021-05-25-20-35-37.bpo-12403.8BFtwS.rst
@@ -0,0 +1 @@
+Update documentation of :mod:`code` and :func:`compile` to explain how their outputs can be redirected.