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Visa Europe (Tables) | 12 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation | The following table summarizes the final purchase price allocation.
| Preliminary Purchase Price Allocation |  | Measurement Period Adjustments |  | Final Purchase Price Allocation
| (in millions)
Current assets(1) | $ | 4,457 |  |  | $ | — |  |  | $ | 4,457 |
Non-current assets(2) | 258 |  |  | (46 | ) |  | 212 |
Current liabilities(3) | (2,731 | ) |  | (36 | ) |  | (2,767 | )
Non-current liabilities(2) | (2,605 | ) |  | 607 |  |  | (1,998 | )
Tangible assets and liabilities | (621 | ) |  | 525 |  |  | (96 | )
Intangible assets — customer relationships and reacquired rights(2) | 16,137 |  |  | (232 | ) |  | 15,905 |
Goodwill(4) | 3,268 |  |  | (293 | ) |  | 2,975 |
Fair value of net assets acquired | $ | 18,784 |  |  | $ | — |  |  | $ | 18,784 |
(1) | Current assets are largely comprised of cash and cash equivalents and settlement receivable.
(2) | Intangible assets consist of customer relationships and reacquired rights, which have been valued as a single composite intangible asset as they are inextricably linked. These intangibles are considered indefinite-lived assets as the associated customer relationships have historically not experienced significant attrition, and the reacquired rights are based on the Framework Agreement, which has a perpetual term. Non-current assets and liabilities include deferred tax assets and liabilities that result in net deferred tax liabilities of $1.7 billion, which are primarily related to these indefinite-lived intangible assets, based on the final valuation. In February 2017, the Company completed a legal entity reorganization, resulting in the elimination of most of these deferred tax assets and liabilities. See Note 18—Income Taxes.
(3) | Current liabilities assumed mainly include settlement payable, client incentives liabilities and accrued liabilities.
(4) | The excess of purchase consideration over net assets acquired was recorded as goodwill, which represents the value that is expected from increased scale and synergies as a result of the integration of both businesses.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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