XML 71 R49.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Visa Europe - Accounting Treatment (Details) $ in Millions, € in Billions |  | 12 Months Ended |
--- | --- | --- | ---
Jun. 21, 2016 EUR (€) | Jun. 21, 2016 USD ($) | Sep. 30, 2016 USD ($) | Sep. 30, 2015 USD ($) | Sep. 30, 2014 USD ($) | Jun. 21, 2016 USD ($)
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |
Less: Visa Europe Framework Agreement loss |  |  | $ (1,900) |  | $ (1,877) | $ 0 | $ 0 |  |
Preferred stock, as-is converted basis |  |  |  |  | 5,717 | 0 | 0 |  |
Preferred Stock, discount for illiquidity (percent) |  | 6.00% |  |  |  |  |  | 6.00% |
Right to recover for covered losses |  |  |  |  | (34) | 0 | $ 0 | $ 25 |
Interest payable on third anniversary of closing (percent) |  | 1.20% |  |  |  |  |  | 1.20% |
Visa Europe |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |
Cash payment |  | € 12.2 | 13,882 |  |  |  |  |  |
Fair value of preferred stock | [1] |  |  |  |  |  |  | $ 5,692 |
Total upfront consideration |  |  | 19,574 |  |  |  |  |  |
Fair value of deferred cash consideration | [2] |  |  |  |  |  |  | 1,236 |
Total consideration before adjustments |  |  | 20,810 |  |  |  |  |  |
Less: Visa Europe Framework Agreement loss |  |  | (1,856) | [3] | (1,184) |  |  |  |
Total accounting purchase consideration |  |  | 18,784 |  |  |  |  |  |
Preferred stock, as-is converted basis |  | 5.3 | $ 6,100 |  |  |  |  |  |
Contingent consideration | € |  | 1.0 |  |  |  |  |  |  |
Accrued interest on contingent consideration | € |  | € 0.0 |  |  |  |  |  |  |
Class C common stock |  |  |  |  |  |  |  |  |
Business Acquisition [Line Items] |  |  |  |  |  |  |  |  |
Less: Treasury stock |  |  |  |  | $ 0 | $ 0 |  | $ (170) | [4]
[1] | The fair value of preferred stock was determined based on its as-converted value of $6.1 billion on June 21, 2016, less a 6% discount for illiquidity as these shares are subject to limitations on transferability. The fair value was also adjusted to reflect $25 million of "right to recover for covered losses" related to VE territory covered losses prior to the Closing. See Note 20—Legal Matters.
[2] | This amount reflects the fair value of deferred cash consideration of €1.0 billion, plus 4.0% compound annual interest, payable on the third anniversary of the Closing, discounted at a rate of 1.2%.
[3] | the loss upon consummation of the transaction resulting from the effective settlement of the Framework Agreement between Visa and Visa Europe. The Visa Europe Framework Agreement provided Visa Europe with a perpetual, exclusive right to operate the Visa business in the Visa Europe region in exchange for a license fee paid to Visa. Under the terms of the Framework Agreement, the license fee paid by Visa Europe has increased modestly since inception in 2007, while the value of the Visa Europe business has increased at a greater rate. Using an income approach, the Company assessed the contractual terms and conditions of the Framework Agreement as compared to current market conditions and the historical and expected financial performance of Visa Europe. Based on the analysis performed, the Company determined that the terms were not at fair value as determined under U.S. GAAP at the Closing. The present value of the expected differential between payments required by the Framework Agreement and those that would be required if the contract were at fair value under U.S. GAAP was calculated over the Framework Agreement's contractual perpetual term, resulting in a loss of $1.9 billion recognized within operating expense in the Company's consolidated statement of operations during the third quarter of fiscal 2016, and a reduction to the purchase accounting consideration; and
[4] | the fair value of the Visa class C common stock held by Visa Europe as of the Closing.

X
- Definition Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(4) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 + Details
Name: | us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferred1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of equity interests of the acquirer, including instruments or interests issued or issuable in consideration for the business combination. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6578-128477 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 30 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6911251&loc=d3e6613-128477 + Details
Name: | us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of liability recognized arising from contingent consideration in a business combination, expected to be settled beyond one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6911189&loc=d3e6408-128476 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 35 -Paragraph 1 -Subparagraph b -URI http://asc.fasb.org/extlink&oid=6911338&loc=d3e6819-128478 + Details
Name: | us-gaap_BusinessCombinationContingentConsiderationLiabilityNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockValueOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The loss recognized on termination of a contract. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 912 -SubTopic 275 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=68065670&loc=d3e54681-109401 + Details
Name: | us-gaap_LossOnContractTermination
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireBusinessesGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Business Acquisition, Consideration before Adjustments + References No definition available. + Details
Name: | v_BusinessAcquisitionConsiderationbeforeAdjustments
Namespace Prefix: | v_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Business Acquisition, Deferred Cash Consideration, Fair Value + References No definition available. + Details
Name: | v_BusinessAcquisitionDeferredCashConsiderationFairValue
Namespace Prefix: | v_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Business Acquisition, Upfront Consideration + References No definition available. + Details
Name: | v_BusinessAcquisitionUpfrontConsideration
Namespace Prefix: | v_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Business Combination, Contingent Consideration, Liability, Accrued Interest + References No definition available. + Details
Name: | v_BusinessCombinationContingentConsiderationLiabilityAccruedInterest
Namespace Prefix: | v_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Business Combination, Fair Value of Deferred Cash Consideration, Discount Rate + References No definition available. + Details
Name: | v_BusinessCombinationFairValueofDeferredCashConsiderationDiscountRate
Namespace Prefix: | v_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Preferred Stock, Discount for Illiquidity, Percent + References No definition available. + Details
Name: | v_PreferredStockDiscountforIlliquidityPercent
Namespace Prefix: | v_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Right to Recover for Covered Losses + References No definition available. + Details
Name: | v_RighttoRecoverforCoveredLosses
Namespace Prefix: | v_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=v_VisaEuropeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |