XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.22.1

U.S. and Europe Retrospective Responsibility Plans (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2022
Retrospective Responsibility Plan [Abstract] |
Changes in the U.S. litigation escrow account | The following table presents the changes in the restricted cash equivalents—U.S. litigation escrow account:
| Six Months Ended March 31,
| 2022 |  | 2021
| (in millions)
Balance at beginning of period | $ | 894 |  |  | $ | 901 |
Deposits into the litigation escrow account | 250 |  |  | — |
Payments to opt-out merchants(1) and interest earned on escrow funds | (262) |  |  | (7) |
Balance at end of period | $ | 882 |  |  | $ | 894 |
(1)These payments are associated with the interchange multidistrict litigation. See Note 13—Legal Matters.
Changes in Preferred Stock and Right to Recover for Covered Losses | The following table presents the activities related to VE territory covered losses in preferred stock and “right to recover for covered losses” within stockholders’ equity:
| Preferred Stock |  | Right to Recover for Covered Losses
| Series B |  | Series C |
| (in millions)
Balance as of September 30, 2021 | $ | 1,071 |  |  | $ | 1,523 |  |  | $ | (133) |
VE territory covered losses incurred(1) | — |  |  | — |  |  | (16) |
Recovery through conversion rate adjustment | (26) |  |  | (3) |  |  | 29 |
Balance as of March 31, 2022 | $ | 1,045 |  |  | $ | 1,520 |  |  | $ | (120) |
| Preferred Stock |  | Right to Recover for Covered Losses
| Series B |  | Series C |
| (in millions)
Balance as of September 30, 2020 | $ | 1,106 |  |  | $ | 1,543 |  |  | $ | (39) |
VE territory covered losses incurred(1) | — |  |  | — |  |  | (17) |
Recovery through conversion rate adjustment | (9) |  |  | (6) |  |  | 15 |
Balance as of March 31, 2021 | $ | 1,097 |  |  | $ | 1,537 |  |  | $ | (41) |
(1)VE territory covered losses incurred reflect settlements with merchants and additional legal costs. See Note 13—Legal Matters.
Preferred Stock As-Converted Value and Book Value | The following table presents the as-converted value of the preferred stock available to recover VE territory covered losses compared to the book value of preferred stock recorded in stockholders’ equity within the Company’s consolidated balance sheets:
| March 31, 2022 |  | September 30, 2021
| As-converted Value of Preferred Stock(1),(2) |  | Book Value of Preferred Stock(1) |  | As-converted Value of Preferred Stock(1),(3) |  | Book Value of Preferred Stock(1)
| (in millions)
Series B preferred stock | $ | 3,450 |  |  | $ | 1,045 |  |  | $ | 3,493 |  |  | $ | 1,071 |
Series C preferred stock | 4,781 |  |  | 1,520 |  |  | 4,806 |  |  | 1,523 |
Total | 8,231 |  |  | 2,565 |  |  | 8,299 |  |  | 2,594 |
Less: right to recover for covered losses | (120) |  |  | (120) |  |  | (133) |  |  | (133) |
Total recovery for covered losses available | $ | 8,111 |  |  | $ | 2,445 |  |  | $ | 8,166 |  |  | $ | 2,461 |
(1)Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers. (2)As of March 31, 2022, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 6.271 and 6.829, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $221.77, Visa’s class A common stock closing stock price. (3)As of September 30, 2021, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 6.321 and 6.834, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $222.75, Visa’s class A common stock closing stock price.

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123431023&loc=SL98516268-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [Table Text Block] for Preferred Stock As-Converted Value and Book Value [Table] + References No definition available. + Details
Name: | v_PreferredStockAsConvertedValueandBookValueTableTextBlock
Namespace Prefix: | v_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Retrospective Responsibility Plan [Abstract] + References No definition available. + Details
Name: | v_RetrospectiveResponsibilityPlanAbstract
Namespace Prefix: | v_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition VE Territory Covered Losses and Right to Recover Activity + References No definition available. + Details
Name: | v_VETerritoryCoveredLossesAndRightToRecoverActivityTableTextBlock
Namespace Prefix: | v_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration