v2.4.0.8
Accrued and Other Liabilities (Tables)
 3 Months Ended
Dec. 31, 2013
Accrued and Other Liabilities [Abstract]  
Accrued Liabilities, Table
Accrued liabilities consisted of the following:
 
December 31,
2013
 
September 30,
2013
 
(in millions)
Accrued operating expenses
$
153

 
$
182

Visa Europe put option—(See Note 3—Fair Value Measurements and Investments)(1)
145

 
145

Deferred revenue
72

 
60

Accrued marketing and product expenses
22

 
27

Accrued income taxes(2)
412

 
64

Other
143

 
135

Total
$
947

 
$
613
Other Noncurrent Liabilities, Table
Other non-current liabilities consisted of the following:
 
December 31,
2013
 
September 30,
2013
 
(in millions)
Accrued income taxes(3)
$
539

 
$
453

Employee benefits
86

 
86

Other
64

 
63

Total
$
689

 
$
602

(1)
The put option is exercisable at any time at the sole discretion of Visa Europe with payment required 285 days thereafter. Classification in current liabilities is not an indication of management’s expectation of exercise and simply reflects the fact that the obligation resulting from the exercise of the instrument could become payable within 12 months.
(2) 
The increase in current accrued income taxes is primarily related to current income taxes accrued in the first quarter of fiscal 2014, but payable in the second quarter of fiscal 2014.
(3) 
The increase in non-current accrued income taxes is due to an increase in liabilities for uncertain tax positions.