2017 Q3 Form 10-K Financial Statement

#000140316117000044 Filed on November 17, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3 2015 Q3
Revenue $4.855B $4.261B $3.571B
YoY Change 13.94% 19.32% 10.59%
Cost Of Revenue $822.0M $851.0M $655.0M
YoY Change -3.41% 29.92% 4.97%
Gross Profit $4.033B $3.410B $2.916B
YoY Change 18.27% 16.94% 11.94%
Gross Profit Margin 83.07% 80.03% 81.66%
Selling, General & Admin $672.0M $643.0M $503.0M
YoY Change 4.51% 27.83% 3.07%
% of Gross Profit 16.66% 18.86% 17.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $147.0M $141.0M $119.0M
YoY Change 4.26% 18.49% 6.25%
% of Gross Profit 3.64% 4.13% 4.08%
Operating Expenses $819.0M $784.0M $622.0M
YoY Change 4.46% 26.05% 3.67%
Operating Profit $3.214B $2.626B $2.294B
YoY Change 22.39% 14.47% 14.41%
Interest Expense -$148.0M -$135.0M
YoY Change 9.63%
% of Operating Profit -4.6% -5.14%
Other Income/Expense, Net $35.00M $20.00M $0.00
YoY Change 75.0% -100.0%
Pretax Income $3.099B $2.510B $2.283B
YoY Change 23.47% 9.94% 47.29%
Income Tax $959.0M $579.0M $771.0M
% Of Pretax Income 30.95% 23.07% 33.77%
Net Earnings $2.140B $1.931B $1.512B
YoY Change 10.82% 27.71% 40.91%
Net Earnings / Revenue 44.08% 45.32% 42.34%
Basic Earnings Per Share
Diluted Earnings Per Share $903.7K $792.0K $619.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.44B $8.938B $6.015B
YoY Change 50.35% 48.6% 22.48%
Cash & Equivalents $9.874B $5.619B $3.518B
Short-Term Investments $3.564B $3.319B $2.497B
Other Short-Term Assets $3.031B $122.0M $63.00M
YoY Change 2384.43% 93.65% -13.7%
Inventory
Prepaid Expenses $151.0M $137.0M
Receivables $1.132B $1.041B $847.0M
Other Receivables $1.422B $1.699B $408.0M
Total Short-Term Assets $19.02B $14.31B $10.02B
YoY Change 32.91% 42.83% 4.8%
LONG-TERM ASSETS
Property, Plant & Equipment $2.253B $2.150B $1.888B
YoY Change 4.79% 13.88% -0.21%
Goodwill $15.11B $15.07B $11.83B
YoY Change 0.29% 27.41% 0.61%
Intangibles $27.85B $27.23B $11.36B
YoY Change 2.25% 139.71% -0.44%
Long-Term Investments $1.926B $3.977B $3.384B
YoY Change -51.57% 17.52% 10.95%
Other Assets $1.226B $893.0M $778.0M
YoY Change 37.29% 14.78% -9.01%
Total Long-Term Assets $48.95B $49.72B $29.35B
YoY Change -1.54% 69.43% 1.17%
TOTAL ASSETS
Total Short-Term Assets $19.02B $14.31B $10.02B
Total Long-Term Assets $48.95B $49.72B $29.35B
Total Assets $67.98B $64.04B $39.37B
YoY Change 6.16% 62.66% 2.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $179.0M $203.0M $127.0M
YoY Change -11.82% 59.84% -13.61%
Accrued Expenses $1.129B $1.128B $849.0M
YoY Change 0.09% 32.86% 36.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.749B $0.00
YoY Change
Total Short-Term Liabilities $9.994B $8.046B $5.355B
YoY Change 24.21% 50.25% -10.84%
LONG-TERM LIABILITIES
Long-Term Debt $16.62B $15.88B $0.00
YoY Change 4.63%
Other Long-Term Liabilities $1.321B $1.162B $897.0M
YoY Change 13.68% 29.54% -10.75%
Total Long-Term Liabilities $17.94B $17.04B $897.0M
YoY Change 5.25% 1800.11% -10.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.994B $8.046B $5.355B
Total Long-Term Liabilities $17.94B $17.04B $897.0M
Total Liabilities $35.22B $31.12B $9.525B
YoY Change 13.15% 226.75% -14.62%
SHAREHOLDERS EQUITY
Retained Earnings $9.508B $10.46B $11.84B
YoY Change -9.12% -11.66% 29.7%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $170.0M $0.00
YoY Change -100.0%
Treasury Stock Shares
Shareholders Equity $32.76B $32.91B $29.84B
YoY Change
Total Liabilities & Shareholders Equity $67.98B $64.04B $39.37B
YoY Change 6.16% 62.66% 2.07%

Cashflow Statement

Concept 2017 Q3 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $2.140B $1.931B $1.512B
YoY Change 10.82% 27.71% 40.91%
Depreciation, Depletion And Amortization $147.0M $141.0M $119.0M
YoY Change 4.26% 18.49% 6.25%
Cash From Operating Activities $2.876B $2.452B $1.734B
YoY Change 17.29% 41.41% -3.29%
INVESTING ACTIVITIES
Capital Expenditures -$195.0M -$141.0M -$138.0M
YoY Change 38.3% 2.17% -39.21%
Acquisitions
YoY Change
Other Investing Activities -$657.0M -$616.0M -$21.00M
YoY Change 6.66% 2833.33% -92.28%
Cash From Investing Activities -$852.0M -$757.0M -$159.0M
YoY Change 12.55% 376.1% -68.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 380.0M -1.991B -204.0M
YoY Change -119.09% 875.98% -85.22%
NET CHANGE
Cash From Operating Activities 2.876B 2.452B 1.734B
Cash From Investing Activities -852.0M -757.0M -159.0M
Cash From Financing Activities 380.0M -1.991B -204.0M
Net Change In Cash 2.404B -296.0M 1.371B
YoY Change -912.16% -121.59% -1694.19%
FREE CASH FLOW
Cash From Operating Activities $2.876B $2.452B $1.734B
Capital Expenditures -$195.0M -$141.0M -$138.0M
Free Cash Flow $3.071B $2.593B $1.872B
YoY Change 18.43% 38.51% -7.33%

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735000000 USD
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192000000 USD
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CY2017Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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10000000 USD
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60000000 USD
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448000000 USD
CY2017Q3 v Client Incentives Assets Noncurrent
ClientIncentivesAssetsNoncurrent
591000000 USD
CY2016Q3 v Client Incentives Liabilities Current
ClientIncentivesLiabilitiesCurrent
1976000000 USD
CY2017Q3 v Client Incentives Liabilities Current
ClientIncentivesLiabilitiesCurrent
2089000000 USD
CY2017Q3 v Closing Stock Price
ClosingStockPrice
105.24
CY2016Q3 v Covered Settlement Exposure
CoveredSettlementExposure
2900000000 USD
CY2017Q3 v Covered Settlement Exposure
CoveredSettlementExposure
2800000000 USD
CY2016Q3 v Customer Collateral Assets
CustomerCollateralAssets
1001000000 USD
CY2017Q3 v Customer Collateral Assets
CustomerCollateralAssets
1106000000 USD
CY2016Q3 v Customer Collateral Liabilities
CustomerCollateralLiabilities
1001000000 USD
CY2017Q3 v Customer Collateral Liabilities
CustomerCollateralLiabilities
1106000000 USD
CY2015 v Data Processing Fees
DataProcessingFees
5552000000 USD
CY2016 v Data Processing Fees
DataProcessingFees
6272000000 USD
CY2017 v Data Processing Fees
DataProcessingFees
7786000000 USD
CY2017 v Decreaseindeferredtaxassetsreflectingthecurrenttaxdeductionrelatedtopaymentsmadeinconnectionwiththecoveredlitigation
Decreaseindeferredtaxassetsreflectingthecurrenttaxdeductionrelatedtopaymentsmadeinconnectionwiththecoveredlitigation
978000000 USD
CY2016Q3 v Deferred Tax Assets Federal Benefit Of Foreign Taxes
DeferredTaxAssetsFederalBenefitOfForeignTaxes
1214000000 USD
CY2017Q3 v Deferred Tax Assets Federal Benefit Of Foreign Taxes
DeferredTaxAssetsFederalBenefitOfForeignTaxes
0 USD
CY2016 v Defined Benefit Plan Postretirement Benefit Termination Age
DefinedBenefitPlanPostretirementBenefitTerminationAge
P65Y
CY2015 v Effect Of Tax Benefit Per Diluted Share
EffectOfTaxBenefitPerDilutedShare
0.08
CY2016 v Effect Of Tax Benefit Per Diluted Share
EffectOfTaxBenefitPerDilutedShare
0.10
CY2017 v Effect Of Tax Benefit Per Diluted Share
EffectOfTaxBenefitPerDilutedShare
0.11
CY2015 v Effective Income Tax Rate Reconciliation Deferred Tax Liability Remeasurement
EffectiveIncomeTaxRateReconciliationDeferredTaxLiabilityRemeasurement
0 USD
CY2016 v Effective Income Tax Rate Reconciliation Deferred Tax Liability Remeasurement
EffectiveIncomeTaxRateReconciliationDeferredTaxLiabilityRemeasurement
88000000 USD
CY2017 v Effective Income Tax Rate Reconciliation Deferred Tax Liability Remeasurement
EffectiveIncomeTaxRateReconciliationDeferredTaxLiabilityRemeasurement
0 USD
CY2015 v Effective Income Tax Rate Reconciliation Deferred Tax Liability Remeasurement Percent
EffectiveIncomeTaxRateReconciliationDeferredTaxLiabilityRemeasurementPercent
0.00
CY2016 v Effective Income Tax Rate Reconciliation Deferred Tax Liability Remeasurement Percent
EffectiveIncomeTaxRateReconciliationDeferredTaxLiabilityRemeasurementPercent
-0.01
CY2017 v Effective Income Tax Rate Reconciliation Deferred Tax Liability Remeasurement Percent
EffectiveIncomeTaxRateReconciliationDeferredTaxLiabilityRemeasurementPercent
0.00
CY2015 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Amount
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesAmount
0 USD
CY2016 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Amount
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesAmount
0 USD
CY2017 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Amount
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesAmount
1515000000 USD
CY2015 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Percent
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesPercent
0.00
CY2016 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Percent
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesPercent
0.00
CY2017 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Percent
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesPercent
0.13
CY2015 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOption
0 USD
CY2016 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOption
-89000000 USD
CY2017 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOption
0 USD
CY2015 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option Percent
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOptionPercent
0.00
CY2016 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option Percent
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOptionPercent
-0.01
CY2017 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option Percent
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOptionPercent
0.00
CY2016Q3 v Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
137000000 USD
CY2017Q3 v Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
62000000 USD
CY2016Q3 v Estimated Maximum Settlement Exposure
EstimatedMaximumSettlementExposure
67800000000 USD
CY2017Q3 v Estimated Maximum Settlement Exposure
EstimatedMaximumSettlementExposure
67700000000 USD
CY2016Q3 v Estimated Probability Weighted Value Of Guarantee
EstimatedProbabilityWeightedValueOfGuarantee
2000000 USD
CY2017Q3 v Estimated Probability Weighted Value Of Guarantee
EstimatedProbabilityWeightedValueOfGuarantee
3000000 USD
CY2017 v Expected Reduction Of Volume And Support Incentives
ExpectedReductionOfVolumeAndSupportIncentives
25660000000 USD
CY2017 v Expected Reduction Of Volume And Support Incentives Thereafter
ExpectedReductionOfVolumeAndSupportIncentivesThereafter
5080000000 USD
CY2017 v Expected Reduction Of Volume And Support Incentives Year Five
ExpectedReductionOfVolumeAndSupportIncentivesYearFive
3102000000 USD
CY2017 v Expected Reduction Of Volume And Support Incentives Year Four
ExpectedReductionOfVolumeAndSupportIncentivesYearFour
3658000000 USD
CY2017 v Expected Reduction Of Volume And Support Incentives Year One
ExpectedReductionOfVolumeAndSupportIncentivesYearOne
5049000000 USD
CY2017 v Expected Reduction Of Volume And Support Incentives Year Three
ExpectedReductionOfVolumeAndSupportIncentivesYearThree
4117000000 USD
CY2017Q3 v Guarantees Collateral
GuaranteesCollateral
941000000 USD
CY2016 v Fair Value Adjustmentfor Europe Put Option
FairValueAdjustmentforEuropePutOption
-255000000 USD
CY2017 v Fair Value Adjustmentfor Europe Put Option
FairValueAdjustmentforEuropePutOption
0 USD
CY2017Q3 v Future Amortization Expense
FutureAmortizationExpense
231000000 USD
CY2017Q3 v Future Amortization Expense Year Five And Thereafter
FutureAmortizationExpenseYearFiveAndThereafter
71000000 USD
CY2016Q3 v Guarantees Collateral
GuaranteesCollateral
1418000000 USD
CY2015 v Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
8995000000 USD
CY2016 v Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
8012000000 USD
CY2017 v Income Loss From Continuing Operations Before Income Taxes And Minority Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest
11694000000 USD
CY2017 v Income Tax Expense Benefit Charitable Contributions
IncomeTaxExpenseBenefitCharitableContributions
71000000 USD
CY2015 v Increase Decrease In Accrued Litigation
IncreaseDecreaseInAccruedLitigation
-432000000 USD
CY2016 v Increase Decrease In Accrued Litigation
IncreaseDecreaseInAccruedLitigation
-43000000 USD
CY2017 v Increase Decrease In Accrued Litigation
IncreaseDecreaseInAccruedLitigation
1000000 USD
CY2015 v Increase Decrease In Foreign Taxes Payable
IncreaseDecreaseInForeignTaxesPayable
-192000000 USD
CY2016 v Increase Decrease In Foreign Taxes Payable
IncreaseDecreaseInForeignTaxesPayable
-235000000 USD
CY2017 v Increase Decrease In Foreign Taxes Payable
IncreaseDecreaseInForeignTaxesPayable
-252000000 USD
CY2015 v Increase Decrease In Settlement Payable
IncreaseDecreaseInSettlementPayable
-552000000 USD
CY2016 v Increase Decrease In Settlement Payable
IncreaseDecreaseInSettlementPayable
-302000000 USD
CY2017 v Increase Decrease In Settlement Payable
IncreaseDecreaseInSettlementPayable
-176000000 USD
CY2015 v Increase Decrease In Settlement Receivable
IncreaseDecreaseInSettlementReceivable
-378000000 USD
CY2016 v Increase Decrease In Settlement Receivable
IncreaseDecreaseInSettlementReceivable
-391000000 USD
CY2017 v Increase Decrease In Settlement Receivable
IncreaseDecreaseInSettlementReceivable
-94000000 USD
CY2015 v Increase Decrease In Volume And Support Incentives
IncreaseDecreaseInVolumeAndSupportIncentives
2970000000 USD
CY2016 v Increase Decrease In Volume And Support Incentives
IncreaseDecreaseInVolumeAndSupportIncentives
3508000000 USD
CY2017 v Increase Decrease In Volume And Support Incentives
IncreaseDecreaseInVolumeAndSupportIncentives
4628000000 USD
CY2015 v International Transaction Revenues
InternationalTransactionRevenues
4064000000 USD
CY2016 v International Transaction Revenues
InternationalTransactionRevenues
4649000000 USD
CY2017 v International Transaction Revenues
InternationalTransactionRevenues
6321000000 USD
CY2016Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1311000000 USD
CY2017Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1316000000 USD
CY2016Q2 v Limit Of Protection From Ve Territory Covered Losses
LimitOfProtectionFromVETerritoryCoveredLosses
0.70
CY2016Q2 v Loss Contingency Litigation Loss Sharing Agreement Obligation Threshold
LossContingencyLitigationLossSharingAgreementObligationThreshold
1000000000 EUR
CY2017Q3 v Minimum Ownership Interestin Investeefor Related Party Status Percent
MinimumOwnershipInterestinInvesteeforRelatedPartyStatusPercent
0.10
CY2017Q3 v Minimum Ownershipof Company Stockfor Related Party Status Percent
MinimumOwnershipofCompanyStockforRelatedPartyStatusPercent
0.1
CY2016Q3 v Numberof Entities Owning More Than10of Company Stock
NumberofEntitiesOwningMoreThan10ofCompanyStock
0 entity
CY2017Q3 v Numberof Entities Owning More Than10of Company Stock
NumberofEntitiesOwningMoreThan10ofCompanyStock
0 entity
CY2017 v Numberof Rolling Monthsof Average Chargebacks Volume Includedin Settlement Risk Exposure
NumberofRollingMonthsofAverageChargebacksVolumeIncludedinSettlementRiskExposure
4 month
CY2015 v Other Than Temporary Impairment Losses Realized
OtherThanTemporaryImpairmentLossesRealized
5000000 USD
CY2016 v Other Than Temporary Impairment Losses Realized
OtherThanTemporaryImpairmentLossesRealized
4000000 USD
CY2015 v Paymentsfor Proceedsfrom Litigation Escrow Account Retrospective Responsibility Plan
PaymentsforProceedsfromLitigationEscrowAccountRetrospectiveResponsibilityPlan
426000000 USD
CY2016 v Paymentsfor Proceedsfrom Litigation Escrow Account Retrospective Responsibility Plan
PaymentsforProceedsfromLitigationEscrowAccountRetrospectiveResponsibilityPlan
45000000 USD
CY2017 v Paymentsfor Proceedsfrom Litigation Escrow Account Retrospective Responsibility Plan
PaymentsforProceedsfromLitigationEscrowAccountRetrospectiveResponsibilityPlan
0 USD
CY2016Q3 v Pledged Securities At Market Value Collateral
PledgedSecuritiesAtMarketValueCollateral
170000000 USD
CY2017Q3 v Pledged Securities At Market Value Collateral
PledgedSecuritiesAtMarketValueCollateral
167000000 USD
CY2016Q3 v Preferred Stock Availableto Recover Covered Losses Value
PreferredStockAvailabletoRecoverCoveredLossesValue
5717000000 USD
CY2016Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
PreferredStockAvailabletoRecoverCoveredLossesValueNet
5683000000 USD
CY2017Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
PreferredStockAvailabletoRecoverCoveredLossesValueNet
5474000000 USD
CY2015 v Proceeds From Settled Sharebased Compensationfor Taxes
ProceedsFromSettledSharebasedCompensationforTaxes
108000000 USD
CY2016 v Proceeds From Settled Sharebased Compensationfor Taxes
ProceedsFromSettledSharebasedCompensationforTaxes
92000000 USD
CY2017 v Proceeds From Settled Sharebased Compensationfor Taxes
ProceedsFromSettledSharebasedCompensationforTaxes
76000000 USD
CY2017 v Reduction In As Converted Stock Shares
ReductionInAsConvertedStockShares
79000000 shares
CY2017 v Reductionin As Converted Stock Average Price Per Share
ReductioninAsConvertedStockAveragePricePerShare
89.92
CY2016 v Revaluationof Put Option Amount
RevaluationofPutOptionAmount
255000000 USD
CY2015 v Service Fees
ServiceFees
6302000000 USD
CY2016 v Service Fees
ServiceFees
6747000000 USD
CY2017 v Service Fees
ServiceFees
7975000000 USD
CY2016Q3 v Settlement Payable
SettlementPayable
2084000000 USD
CY2017Q3 v Settlement Payable
SettlementPayable
2003000000 USD
CY2016Q3 v Settlement Receivable
SettlementReceivable
1467000000 USD
CY2017Q3 v Settlement Receivable
SettlementReceivable
1422000000 USD
CY2015 v Stock Issued During Period Value Employee Stock Purchase Plansand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlansandStockOptionsExercised
82000000 USD
CY2016 v Stock Issued During Period Value Employee Stock Purchase Plansand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlansandStockOptionsExercised
95000000 USD
CY2017 v Stock Issued During Period Value Employee Stock Purchase Plansand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlansandStockOptionsExercised
149000000 USD
CY2016Q3 v Total Collateral
TotalCollateral
4194000000 USD
CY2017Q3 v Total Collateral
TotalCollateral
3914000000 USD
CY2017 v Treasury Stock Appreciation Net Of Tax
TreasuryStockAppreciationNetOfTax
14000000 USD
CY2017 v Ve Covered Loss Maximum Amountof Lossto Allow Adjustmentof Conversion Rateduring Sixmonth Period
VECoveredLossMaximumAmountofLosstoAllowAdjustmentofConversionRateduringSixmonthPeriod
20000000 EUR
CY2016Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
34000000 USD
CY2017Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
52000000 USD
CY2016Q2 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
25000000 USD
CY2016 v Ve Territory Covered Losses Incurred
VETerritoryCoveredLossesIncurred
34000000 USD
CY2017 v Ve Territory Covered Losses Incurred
VETerritoryCoveredLossesIncurred
209000000 USD
CY2015 v Ve Territory Covered Losses Incurred Post Acquisition
VETerritoryCoveredLossesIncurredPostAcquisition
0 USD
CY2016 v Ve Territory Covered Losses Incurred Post Acquisition
VETerritoryCoveredLossesIncurredPostAcquisition
-9000000 USD
CY2017 v Ve Territory Covered Losses Incurred Post Acquisition
VETerritoryCoveredLossesIncurredPostAcquisition
-209000000 USD
CY2017Q3 v V Debt Longtermand Shortterm Gross
V_DebtLongtermandShorttermGross
18500000000 USD
CY2015 v Volume And Support Incentives
VolumeAndSupportIncentives
2861000000 USD
CY2016 v Volume And Support Incentives
VolumeAndSupportIncentives
3409000000 USD
CY2017 v Volume And Support Incentives
VolumeAndSupportIncentives
4565000000 USD
CY2017 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Guarantees and indemnifications</font><font style="font-family:Arial;font-size:10pt;">. The Company recognizes an obligation at inception for guarantees and indemnifications that qualify for recognition, regardless of the probability of occurrence. The Company indemnifies its financial institution clients for settlement losses suffered due to the failure of any other client to fund its settlement obligations in accordance with the Visa rules. The estimated fair value of the liability for settlement indemnification is included in accrued liabilities on the consolidated balance sheets and is described in </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Note 10&#8212;Settlement Guarantee Management</font><font style="font-family:Arial;font-size:10pt;">. </font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Use of estimates</font><font style="font-family:Arial;font-size:10pt;">. The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Future actual results could differ materially from these estimates. The use of estimates in specific accounting policies is described further below as appropriate.</font></div></div>

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