XML 67 R45.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2016
Income Tax Disclosure [Abstract] |
Schedule of U.S. and non-U.S. components of income before income tax expense/(benefit) | The Company’s income before taxes by fiscal year consisted of the following:
| 2016 |  | 2015 |  | 2014
| (in millions)
U.S. | $ | 5,839 |  |  | $ | 7,214 |  |  | $ | 6,140 |
Non-U.S. | 2,173 |  |  | 1,781 |  |  | 1,584 |
Total income before taxes | $ | 8,012 |  |  | $ | 8,995 |  |  | $ | 7,724 |
Comprehensive Income Tax (Expense) Benefit Components Table | Income tax provision by fiscal year consisted of the following:
| 2016 |  | 2015 |  | 2014
| (in millions)
Current: |  |  |  |  |
U.S. federal | $ | 2,250 |  |  | $ | 1,991 |  |  | $ | 2,353 |
State and local | 181 |  |  | 168 |  |  | 237 |
Non-U.S. | 368 |  |  | 300 |  |  | 274 |
Total current taxes | 2,799 |  |  | 2,459 |  |  | 2,864 |
Deferred: |  |  |  |  |
U.S. federal | (508 | ) |  | 181 |  |  | (576 | )
State and local | (63 | ) |  | 1 |  |  | (31 | )
Non-U.S. | (207 | ) |  | 26 |  |  | 29 |
Total deferred taxes | (778 | ) |  | 208 |  |  | (578 | )
Total income tax provision | $ | 2,021 |  |  | $ | 2,667 |  |  | $ | 2,286 |
Components of Deferred Tax Assets and Liabilities | The tax effect of temporary differences that give rise to significant portions of deferred tax assets and liabilities at September 30, 2016 and 2015, are presented below:
| 2016 |  | 2015
| (in millions)
Deferred Tax Assets: |  |  |
Accrued compensation and benefits | $ | 277 |  |  | $ | 141 |
Comprehensive (income) loss | 106 |  |  | 51 |
Accrued litigation obligation | 373 |  |  | 391 |
Client incentives | 266 |  |  | 191 |
Net operating loss carryforwards | 32 |  |  | 50 |
Federal benefit of state taxes | 195 |  |  | 203 |
Federal benefit of foreign taxes | 1,214 |  |  | — |
Other | 280 |  |  | 185 |
Valuation allowance | (31 | ) |  | (40 | )
Deferred tax assets | 2,712 |  |  | 1,172 |
Deferred Tax Liabilities: |  |  |
Property, equipment and technology, net | (278 | ) |  | (315 | )
Intangible assets | (7,013 | ) |  | (3,964 | )
Foreign taxes | (106 | ) |  | (153 | )
Other | (101 | ) |  | — |
Deferred tax liabilities | (7,498 | ) |  | (4,432 | )
Net deferred tax liabilities | $ | (4,786 | ) |  | $ | (3,260 | )
Reconciliation of the US Statutory Federal Tax Rate | The income tax provision differs from the amount of income tax determined by applying the applicable U.S. federal statutory rate of 35% to pretax income, as a result of the following:
| For the Years Ended September 30,
| 2016 |  | 2015 |  | 2014
| Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
| (in millions, except percentages)
U.S. federal income tax at statutory rate | $ | 2,804 |  |  | 35 | % |  | $ | 3,148 |  |  | 35 | % |  | $ | 2,704 |  |  | 35 | %
State income taxes, net of federal benefit | 135 |  |  | 2 | % |  | 194 |  |  | 2 | % |  | 129 |  |  | 2 | %
Non-U.S. tax effect, net of federal benefit | (553 | ) |  | (7 | )% |  | (327 | ) |  | (4 | )% |  | (278 | ) |  | (4 | )%
Prior years U.S. domestic production activities deduction | — |  |  | — | % |  | — |  |  | — | % |  | (191 | ) |  | (2 | )%
Remeasurement of deferred tax liability | (88 | ) |  | (1 | )% |  | — |  |  | — | % |  | — |  |  | — | %
Reversal of prior years tax reserves related to the resolution of uncertain tax positions | — |  |  | — | % |  | (239 | ) |  | (2 | )% |  | — |  |  | — | %
Revaluation of Visa Europe put option | (89 | ) |  | (1 | )% |  | — |  |  | — | % |  | — |  |  | — | %
Other, net | (188 | ) |  | (3 | )% |  | (109 | ) |  | (1 | )% |  | (78 | ) |  | (1 | )%
Income tax provision | $ | 2,021 |  |  | 25 | % |  | $ | 2,667 |  |  | 30 | % |  | $ | 2,286 |  |  | 30 | %
Unrecognized Tax Benefits Reconciliation, Table | A reconciliation of beginning and ending unrecognized tax benefits by fiscal year is as follows:
| 2016 |  | 2015
| (in millions)
Beginning balance at October 1 | $ | 1,051 |  |  | $ | 1,303 |
Increases of unrecognized tax benefits related to prior years | 153 |  |  | 44 |
Decreases of unrecognized tax benefits related to prior years | (180 | ) |  | (413 | )
Increases of unrecognized tax benefits related to current year | 138 |  |  | 120 |
Reductions related to lapsing statute of limitations | (2 | ) |  | (3 | )
Ending balance at September 30 | $ | 1,160 |  |  | $ | 1,051 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Components of Deferred Tax Assets and Liabilities [Text Block] + References No definition available. + Details
Name: | v_ComponentsOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Comprehensive Income Tax (Expense) Benefit Components Table [Text Block] + References No definition available. + Details
Name: | v_ComprehensiveIncomeTaxExpenseBenefitComponentsTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reconciliation of the US Statutory Federal Tax Rate + References No definition available. + Details
Name: | v_ReconciliationOfUnitedStatesStatutoryFederalTaxRateTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of U.S. and non-U.S. components of income before income tax expense/(benefit) [Text Block] + References No definition available. + Details
Name: | v_ScheduleOfUSAndNonUSComponentsOfIncomeBeforeIncomeTaxExpensebenefitTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Unrecognized Tax Benefits Reconciliation, Table [Text Block] + References No definition available. + Details
Name: | v_UnrecognizedTaxBenefitsReconciliationTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration