XML 64 R41.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Share-based Compensation (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2017
Share-based Compensation [Abstract] |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used | During fiscal 2017, 2016 and 2015, the fair value of each stock option was estimated on the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
|  | 2017 |  | 2016 |  | 2015
Expected term (in years)(1) |  | 4.23 |  |  | 4.35 |  |  | 4.55 |
Risk-free rate of return(2) |  | 1.6 | % |  | 1.5 | % |  | 1.5 | %
Expected volatility(3) |  | 20.2 | % |  | 21.7 | % |  | 22.0 | %
Expected dividend yield(4) |  | 0.8 | % |  | 0.7 | % |  | 0.8 | %
Fair value per option granted |  | $ | 13.90 |  |  | $ | 15.01 |  |  | $ | 12.04 |
(1) | This assumption is based on the Company's historical option exercises and those of a set of peer companies that management believes is generally comparable to Visa. The Company's data is weighted based on the number of years between the measurement date and Visa's initial public offering as a percentage of the options' contractual term. The relative weighting placed on Visa's data and peer data in fiscal 2017 was approximately 87% and 13%, respectively, and 77% and 23% in fiscal 2016, respectively and 67% and 33% in fiscal 2015, respectively.
(2) | Based upon the zero coupon U.S. treasury bond rate over the expected term of the awards.
(3) | Based on the Company’s implied and historical volatility. The expected volatility was 20% in fiscal 2017 and ranged from 20% to 23% in fiscal 2016 and 21% to 23% in fiscal 2015.
(4) | Based on the Company’s annual dividend rate on the date of grant.
Schedule of Share-based Compensation, Options Activity | The following table summarizes the Company’s option activity for fiscal 2017:
| Options |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (1) (in millions)
Outstanding at October 1, 2016 | 8,876,484 |  |  | $ | 38.42 |  |  |  |  |
Granted | 1,671,344 |  |  | $ | 80.82 |  |  |  |  |
Forfeited | (386,136 | ) |  | $ | 75.01 |  |  |  |  |
Exercised | (3,045,816 | ) |  | $ | 29.62 |  |  |  |  |
Outstanding at September 30, 2017 | 7,115,876 |  |  | $ | 50.17 |  |  | 5.4 |  | $392
Options exercisable at September 30, 2017 | 4,463,008 |  |  | $ | 33.39 |  |  | 3.6 |  | $321
Options exercisable and expected to vest at September 30, 2017(2) | 6,773,571 |  |  | $ | 48.73 |  |  | 5.3 |  | $383
(1) | Calculated using the closing stock price on the last trading day of fiscal 2017 of $105.24, less the option exercise price, multiplied by the number of instruments.
(2) | Applies a forfeiture rate to unvested options outstanding at September 30, 2017 to estimate the options expected to vest in the future.
Restricted Share Activity Disclosure | The following table summarizes the Company's RSA and RSU activity for fiscal 2017:
| Restricted Stock |  | Weighted- Average Grant Date Fair Value |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (1) (in millions)
| Awards |  | Units |  | RSA |  | RSU |  | RSA |  | RSU |  | RSA |  | RSU
Outstanding at October 1, 2016 | 1,766,582 |  |  | 3,146,954 |  |  | $ | 59.26 |  |  | $ | 75.48 |  |  |  |  |  |  |  |  |
Granted | — |  |  | 3,268,327 |  |  | $ | — |  |  | $ | 81.67 |  |  |  |  |  |  |  |  |
Vested | (1,210,176 | ) |  | (1,299,187 | ) |  | $ | 57.37 |  |  | $ | 72.20 |  |  |  |  |  |  |  |  |
Forfeited | (90,399 | ) |  | (442,393 | ) |  | $ | 61.90 |  |  | $ | 79.34 |  |  |  |  |  |  |  |  |
Outstanding at September 30, 2017 | 466,007 |  |  | 4,673,701 |  |  | $ | 63.37 |  |  | $ | 80.37 |  |  | 0.2 |  | 1.6 |  | $49 |  | $492
(1) | Calculated by multiplying the closing stock price on the last trading day of fiscal 2017 of $105.24 by the number of instruments.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | The following table summarizes the maximum number of performance-based shares which could be earned and related activity for fiscal 2017:
| Shares |  | Weighted- Average Grant Date Fair Value |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (1) (in millions)
Outstanding at October 1, 2016 | 1,042,012 |  |  | $ | 78.24 |  |  |  |  |
Granted(2) | 634,651 |  |  | $ | 86.37 |  |  |  |  |
Vested and earned | (345,797 | ) |  | $ | 72.50 |  |  |  |  |
Unearned | (97,531 | ) |  | $ | 72.50 |  |  |  |  |
Forfeited | (295,660 | ) |  | $ | 85.13 |  |  |  |  |
Outstanding at September 30, 2017 | 937,675 |  |  | $ | 84.20 |  |  | 1.0 |  | $98
(1) | Calculated by multiplying the closing stock price on the last trading day of fiscal 2017 of $105.24 by the number of instruments.
(2) | Represents the maximum number of performance-based shares which could be earned.

X
- Definition Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=96867065&loc=d3e5047-113901 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Restricted Share Activity Disclosure. + References No definition available. + Details
Name: | v_RestrictedShareActivityDisclosureTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Share-based Compensation, Options Activity. + References No definition available. + Details
Name: | v_ScheduleOfShareBasedCompensationOptionsActivityTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For each plan, identification of the award pricing model or other valuation method used in calculating the weighted average fair values disclosed. The model is also used to calculate the compensation expense that is shown within the balance sheet, income statement, and cash flow. Examples of valuation techniques are lattice models (binomial model), closed-form models (Black-Scholes-Merton formula), and a Monte Carlo simulation technique. Fair value is the amount at which an asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale. May include disclosures about the assumptions underlying application of the method selected. + References No definition available. + Details
Name: | v_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsedTableTextBlock
Namespace Prefix: | v_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration