2018 Q3 Form 10-K Financial Statement

#000140316118000055 Filed on November 16, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3 2017 Q1
Revenue $5.434B $4.855B $4.477B
YoY Change 11.93% 13.94% 23.47%
Cost Of Revenue $1.003B $822.0M $854.0M
YoY Change 22.02% -3.41% 30.58%
Gross Profit $4.431B $4.033B $3.623B
YoY Change 9.87% 18.27% 21.9%
Gross Profit Margin 81.54% 83.07% 80.92%
Selling, General & Admin $855.0M $672.0M $682.0M
YoY Change 27.23% 4.51% 63.94%
% of Gross Profit 19.3% 16.66% 18.82%
Research & Development $150.0M
YoY Change 19.05%
% of Gross Profit 4.14%
Depreciation & Amortization $163.0M $147.0M $131.0M
YoY Change 10.88% 4.26% 8.26%
% of Gross Profit 3.68% 3.64% 3.62%
Operating Expenses $1.018B $819.0M $150.0M
YoY Change 24.3% 4.46% 19.05%
Operating Profit $3.413B $3.214B $2.808B
YoY Change 6.19% 22.39% 15.37%
Interest Expense -$150.0M -$148.0M -$135.0M
YoY Change 1.35% 9.63% -202.27%
% of Operating Profit -4.39% -4.6% -4.81%
Other Income/Expense, Net $282.0M $35.00M -$106.0M
YoY Change 705.71% 75.0% -1614.29%
Pretax Income $3.538B $3.099B $2.702B
YoY Change 14.17% 23.47% 10.69%
Income Tax $693.0M $959.0M $2.272B
% Of Pretax Income 19.59% 30.95% 84.09%
Net Earnings $2.845B $2.140B $430.0M
YoY Change 32.94% 10.82% -74.81%
Net Earnings / Revenue 52.36% 44.08% 9.6%
Basic Earnings Per Share
Diluted Earnings Per Share $1.234M $903.7K $178.7K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2017 Q3 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.60B $13.44B $7.922B
YoY Change -13.71% 50.35% -60.18%
Cash & Equivalents $8.162B $9.874B $6.427B
Short-Term Investments $3.434B $3.564B $1.495B
Other Short-Term Assets $3.717B $3.031B $3.152B
YoY Change 22.63% 2384.43% 3.41%
Inventory
Prepaid Expenses
Receivables $1.208B $1.132B $1.081B
Other Receivables $1.582B $1.422B $3.350B
Total Short-Term Assets $18.22B $19.02B $15.51B
YoY Change -4.24% 32.91% -36.2%
LONG-TERM ASSETS
Property, Plant & Equipment $2.472B $2.253B $2.133B
YoY Change 9.72% 4.79% 13.28%
Goodwill $15.19B $15.11B $181.0M
YoY Change 0.56% 0.29% -98.47%
Intangibles $27.56B $27.85B $26.42B
YoY Change -1.04% 2.25% 133.05%
Long-Term Investments $4.082B $1.926B $2.882B
YoY Change 111.94% -51.57% -19.43%
Other Assets $1.165B $1.226B $980.0M
YoY Change -4.98% 37.29% 15.02%
Total Long-Term Assets $51.01B $48.95B $47.72B
YoY Change 4.2% -1.54% 58.95%
TOTAL ASSETS
Total Short-Term Assets $18.22B $19.02B $15.51B
Total Long-Term Assets $51.01B $48.95B $47.72B
Total Assets $69.23B $67.98B $63.23B
YoY Change 1.84% 6.16% 16.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.0M $179.0M $120.0M
YoY Change 2.23% -11.82% 33.33%
Accrued Expenses $1.160B $1.129B $1.167B
YoY Change 2.75% 0.09% 57.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $1.750B
YoY Change
Long-Term Debt Due $0.00 $1.749B $1.748B
YoY Change -100.0%
Total Short-Term Liabilities $11.31B $9.994B $10.21B
YoY Change 13.12% 24.21% 99.14%
LONG-TERM LIABILITIES
Long-Term Debt $16.63B $16.62B $14.14B
YoY Change 0.07% 4.63% -10.93%
Other Long-Term Liabilities $2.666B $1.321B $1.187B
YoY Change 101.82% 13.68% 26.55%
Total Long-Term Liabilities $19.30B $17.94B $15.33B
YoY Change 7.56% 5.25% 1534.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.31B $9.994B $10.21B
Total Long-Term Liabilities $19.30B $17.94B $15.33B
Total Liabilities $35.22B $35.22B $32.44B
YoY Change 0.01% 13.15% 28.77%
SHAREHOLDERS EQUITY
Retained Earnings $11.32B $9.508B $9.140B
YoY Change 19.04% -9.12% -21.08%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00
YoY Change -100.0%
Treasury Stock Shares
Shareholders Equity $34.01B $32.76B $30.78B
YoY Change
Total Liabilities & Shareholders Equity $69.23B $67.98B $63.23B
YoY Change 1.84% 6.16% 16.38%

Cashflow Statement

Concept 2018 Q3 2017 Q3 2017 Q1
OPERATING ACTIVITIES
Net Income $2.845B $2.140B $430.0M
YoY Change 32.94% 10.82% -74.81%
Depreciation, Depletion And Amortization $163.0M $147.0M $131.0M
YoY Change 10.88% 4.26% 8.26%
Cash From Operating Activities $3.476B $2.876B $396.0M
YoY Change 20.86% 17.29% -52.86%
INVESTING ACTIVITIES
Capital Expenditures -$195.0M -$195.0M -$146.0M
YoY Change 0.0% 38.3% 17.74%
Acquisitions
YoY Change
Other Investing Activities -$1.584B -$657.0M $2.831B
YoY Change 141.1% 6.66% -36.69%
Cash From Investing Activities -$1.779B -$852.0M $2.685B
YoY Change 108.8% 12.55% -38.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.046B 380.0M -2.513B
YoY Change -638.42% -119.09% 20.7%
NET CHANGE
Cash From Operating Activities 3.476B 2.876B 396.0M
Cash From Investing Activities -1.779B -852.0M 2.685B
Cash From Financing Activities -2.046B 380.0M -2.513B
Net Change In Cash -349.0M 2.404B 568.0M
YoY Change -114.52% -912.16% -81.71%
FREE CASH FLOW
Cash From Operating Activities $3.476B $2.876B $396.0M
Capital Expenditures -$195.0M -$195.0M -$146.0M
Free Cash Flow $3.671B $3.071B $542.0M
YoY Change 19.54% 18.43% -43.78%

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CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2017 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2018 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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50000000 USD
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135000000 USD
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10500000000 USD
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607000000 USD
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988000000 USD
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7477000000 USD
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735000000 USD
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5574000000 USD
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192000000 USD
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200
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1
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180000000 USD
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75000000 USD
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0.00
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-0.09
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
CY2018 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 Percent
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesPercent
0.00
CY2017 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Percent
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesPercent
0.13
CY2018 v Effective Income Tax Rate Reconciliation Reorganizationof Visa Europeand Other Entities Percent
EffectiveIncomeTaxRateReconciliationReorganizationofVisaEuropeandOtherEntitiesPercent
0.00
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
CY2018 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOption
0 USD
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
CY2018 v Effective Income Tax Rate Reconciliation Revaluationof Foreign Put Option Percent
EffectiveIncomeTaxRateReconciliationRevaluationofForeignPutOptionPercent
0.00
CY2016 v Effective Income Tax Rate Reconciliation Transition Tax Amount
EffectiveIncomeTaxRateReconciliationTransitionTaxAmount
0 USD
CY2017 v Effective Income Tax Rate Reconciliation Transition Tax Amount
EffectiveIncomeTaxRateReconciliationTransitionTaxAmount
0 USD
CY2018 v Effective Income Tax Rate Reconciliation Transition Tax Amount
EffectiveIncomeTaxRateReconciliationTransitionTaxAmount
1147000000 USD
CY2016 v Effective Income Tax Rate Reconciliation Transition Tax Percent
EffectiveIncomeTaxRateReconciliationTransitionTaxPercent
0.00
CY2017 v Effective Income Tax Rate Reconciliation Transition Tax Percent
EffectiveIncomeTaxRateReconciliationTransitionTaxPercent
0.00
CY2018 v Effective Income Tax Rate Reconciliation Transition Tax Percent
EffectiveIncomeTaxRateReconciliationTransitionTaxPercent
0.09
CY2016 v Fair Value Adjustmentfor Europe Put Option
FairValueAdjustmentforEuropePutOption
-255000000 USD
CY2017 v Fair Value Adjustmentfor Europe Put Option
FairValueAdjustmentforEuropePutOption
0 USD
CY2018 v Fair Value Adjustmentfor Europe Put Option
FairValueAdjustmentforEuropePutOption
0 USD
CY2016 v Funding Of Litigation Escrow Account Retrospective Responsibility Plan
FundingOfLitigationEscrowAccountRetrospectiveResponsibilityPlan
0 USD
CY2017 v Funding Of Litigation Escrow Account Retrospective Responsibility Plan
FundingOfLitigationEscrowAccountRetrospectiveResponsibilityPlan
0 USD
CY2018 v Funding Of Litigation Escrow Account Retrospective Responsibility Plan
FundingOfLitigationEscrowAccountRetrospectiveResponsibilityPlan
600000000 USD
CY2018Q3 v Future Amortization Expense
FutureAmortizationExpense
290000000 USD
CY2017Q3 v Guarantees Collateral
GuaranteesCollateral
941000000 USD
CY2018Q3 v Guarantees Collateral
GuaranteesCollateral
860000000 USD
CY2017 v Income Tax Expense Benefit Charitable Contributions
IncomeTaxExpenseBenefitCharitableContributions
71000000 USD
CY2016 v Increase Decrease In Accrued Litigation
IncreaseDecreaseInAccruedLitigation
-43000000 USD
CY2017 v Increase Decrease In Accrued Litigation
IncreaseDecreaseInAccruedLitigation
1000000 USD
CY2018 v Increase Decrease In Accrued Litigation
IncreaseDecreaseInAccruedLitigation
452000000 USD
CY2016 v Increase Decrease In Foreign Taxes Payable
IncreaseDecreaseInForeignTaxesPayable
-235000000 USD
CY2017 v Increase Decrease In Foreign Taxes Payable
IncreaseDecreaseInForeignTaxesPayable
-252000000 USD
CY2018 v Increase Decrease In Foreign Taxes Payable
IncreaseDecreaseInForeignTaxesPayable
-295000000 USD
CY2016 v Increase Decrease In Settlement Payable
IncreaseDecreaseInSettlementPayable
-302000000 USD
CY2017 v Increase Decrease In Settlement Payable
IncreaseDecreaseInSettlementPayable
-176000000 USD
CY2018 v Increase Decrease In Settlement Payable
IncreaseDecreaseInSettlementPayable
262000000 USD
CY2016 v Increase Decrease In Settlement Receivable
IncreaseDecreaseInSettlementReceivable
-391000000 USD
CY2017 v Increase Decrease In Settlement Receivable
IncreaseDecreaseInSettlementReceivable
-94000000 USD
CY2018 v Increase Decrease In Settlement Receivable
IncreaseDecreaseInSettlementReceivable
223000000 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
CY2018 v Increase Decrease In Volume And Support Incentives
IncreaseDecreaseInVolumeAndSupportIncentives
4682000000 USD
CY2016 v International Transaction Revenues
InternationalTransactionRevenues
4649000000 USD
CY2017 v International Transaction Revenues
InternationalTransactionRevenues
6321000000 USD
CY2018 v International Transaction Revenues
InternationalTransactionRevenues
7211000000 USD
CY2017Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1316000000 USD
CY2018Q3 v Letters Of Credit Collateral
LettersOfCreditCollateral
1382000000 USD
CY2016Q2 v Limit Of Protection From Ve Territory Covered Losses
LimitOfProtectionFromVETerritoryCoveredLosses
0.70
CY2018Q3 v Loss Contingency Accrual Period Of Accrual
LossContingencyAccrualPeriodOfAccrual
P5Y
CY2016Q2 v Loss Contingency Litigation Loss Sharing Agreement Obligation Threshold
LossContingencyLitigationLossSharingAgreementObligationThreshold
1000000000 EUR
CY2018 v Loss Contingency Number Of Provinces With Cases
LossContingencyNumberOfProvincesWithCases
5 province
CY2018Q2 v Loss Contingency Number Of Separate Cases
LossContingencyNumberOfSeparateCases
2 case_filed
CY2018Q3 v Loss Contingency Percentage Of Class Members Opt Out
LossContingencyPercentageOfClassMembersOptOut
0.15
CY2018Q3 v Loss Contingency Possible Return To Defendants Amount
LossContingencyPossibleReturnToDefendantsAmount
467000000 USD
CY2018 v Maximum Settlement Exposure
MaximumSettlementExposure
91700000000 USD
CY2018Q3 v Minimum Ownership Interestin Investeefor Related Party Status Percent
MinimumOwnershipInterestinInvesteeforRelatedPartyStatusPercent
0.10
CY2018Q3 v Minimum Ownershipof Company Stockfor Related Party Status Percent
MinimumOwnershipofCompanyStockforRelatedPartyStatusPercent
0.1
CY2016 v Noncash Contribution Expense Supplemental
NoncashContributionExpenseSupplemental
0 USD
CY2017 v Noncash Contribution Expense Supplemental
NoncashContributionExpenseSupplemental
0 USD
CY2018 v Noncash Contribution Expense Supplemental
NoncashContributionExpenseSupplemental
195000000 USD
CY2017Q3 v Numberof Entities Owning More Than10of Company Stock
NumberofEntitiesOwningMoreThan10ofCompanyStock
0 entity
CY2018Q3 v Numberof Entities Owning More Than10of Company Stock
NumberofEntitiesOwningMoreThan10ofCompanyStock
0 entity
CY2016 v Other Revenue Net
OtherRevenueNet
823000000 USD
CY2017 v Other Revenue Net
OtherRevenueNet
841000000 USD
CY2018 v Other Revenue Net
OtherRevenueNet
944000000 USD
CY2016 v Other Than Temporary Impairment Losses Realized
OtherThanTemporaryImpairmentLossesRealized
4000000 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
CY2018 v Paymentsfor Proceedsfrom Litigation Escrow Account Retrospective Responsibility Plan
PaymentsforProceedsfromLitigationEscrowAccountRetrospectiveResponsibilityPlan
-150000000 USD
CY2017Q3 v Pledged Securities At Market Value Collateral
PledgedSecuritiesAtMarketValueCollateral
167000000 USD
CY2018Q3 v Pledged Securities At Market Value Collateral
PledgedSecuritiesAtMarketValueCollateral
192000000 USD
CY2017Q3 v Preferred Stock Availableto Recover Covered Losses Value
PreferredStockAvailabletoRecoverCoveredLossesValue
5526000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value
PreferredStockAvailabletoRecoverCoveredLossesValue
5470000000 USD
CY2017Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted
PreferredStockAvailabletoRecoverCoveredLossesValueAsconverted
8048000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted
PreferredStockAvailabletoRecoverCoveredLossesValueAsconverted
11403000000 USD
CY2017Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted Net
PreferredStockAvailabletoRecoverCoveredLossesValueAsconvertedNet
7996000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value Asconverted Net
PreferredStockAvailabletoRecoverCoveredLossesValueAsconvertedNet
11396000000 USD
CY2017Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
PreferredStockAvailabletoRecoverCoveredLossesValueNet
5474000000 USD
CY2018Q3 v Preferred Stock Availableto Recover Covered Losses Value Net
PreferredStockAvailabletoRecoverCoveredLossesValueNet
5463000000 USD
CY2016 v Proceeds From Settled Sharebased Compensationfor Taxes
ProceedsFromSettledSharebasedCompensationforTaxes
92000000 USD
CY2017 v Proceeds From Settled Sharebased Compensationfor Taxes
ProceedsFromSettledSharebasedCompensationforTaxes
76000000 USD
CY2018 v Proceeds From Settled Sharebased Compensationfor Taxes
ProceedsFromSettledSharebasedCompensationforTaxes
94000000 USD
CY2017 v Recovery Through Conversion Rate Adjustment
RecoveryThroughConversionRateAdjustment
0 USD
CY2018 v Recovery Through Conversion Rate Adjustment
RecoveryThroughConversionRateAdjustment
0 USD
CY2018 v Reduction In As Converted Stock Shares
ReductionInAsConvertedStockShares
63000000 shares
CY2018 v Reductionin As Converted Stock Average Price Per Share
ReductioninAsConvertedStockAveragePricePerShare
124.29
CY2016 v Revaluationof Put Option Amount
RevaluationofPutOptionAmount
255000000 USD
CY2016 v Service Fees
ServiceFees
6747000000 USD
CY2017 v Service Fees
ServiceFees
7975000000 USD
CY2018 v Service Fees
ServiceFees
8918000000 USD
CY2017Q3 v Settlement Payable
SettlementPayable
2003000000 USD
CY2018Q3 v Settlement Payable
SettlementPayable
2168000000 USD
CY2017Q3 v Settlement Receivable
SettlementReceivable
1422000000 USD
CY2018Q3 v Settlement Receivable
SettlementReceivable
1582000000 USD
CY2018 v Share Reduction Price Paid Per Share Escrow Funding
ShareReductionPricePaidPerShareEscrowFunding
132.32
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
CY2018 v Stock Issued During Period Value Employee Stock Purchase Plansand Stock Options Exercised
StockIssuedDuringPeriodValueEmployeeStockPurchasePlansandStockOptionsExercised
164000000 USD
CY2018 v Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
Stockasconvertedrepurchasedduringperiodthroughescrowfundingshares
5000000 shares
CY2018 v Tax Cuts And Jobs Act Of2017 Incomplete Accounting Change In Tax Rate Deferred Tax Liability Provisional Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncompleteAccountingChangeInTaxRateDeferredTaxLiabilityProvisionalIncomeTaxExpenseBenefit
1100000000 USD
CY2018 v Tax Cuts And Jobs Actof2017 Incomplete Accounting Transition Taxfor Accumulated Foreign Earnings Provisional Income Tax Expense Benefit
TaxCutsAndJobsActof2017IncompleteAccountingTransitionTaxforAccumulatedForeignEarningsProvisionalIncomeTaxExpenseBenefit
1100000000 USD
CY2017Q3 v Total Collateral
TotalCollateral
3914000000 USD
CY2018Q3 v Total Collateral
TotalCollateral
4142000000 USD
CY2018Q3 v Total Debt Long Termand Short Term Gross
TotalDebtLongTermandShortTermGross
16750000000 USD
CY2017 v Treasury Stock Appreciation Net Of Tax
TreasuryStockAppreciationNetOfTax
14000000 USD
CY2018 v Ve Covered Loss Maximum Amountof Lossto Allow Adjustmentof Conversion Rateduring Sixmonth Period
VECoveredLossMaximumAmountofLosstoAllowAdjustmentofConversionRateduringSixmonthPeriod
20000000 EUR
CY2017Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
52000000 USD
CY2018Q3 v Ve Covered Loss Protectionfromthe Plan Relatingto Liabilitieswherethe Claim Relatesto Interregional Multilateral Interchange Fee Rates
VECoveredLossProtectionfromthePlanRelatingtoLiabilitieswheretheClaimRelatestoInterregionalMultilateralInterchangeFeeRates
7000000 USD
CY2016 v Ve Territory Covered Losses Incurred
VETerritoryCoveredLossesIncurred
34000000 USD
CY2017 v Ve Territory Covered Losses Incurred
VETerritoryCoveredLossesIncurred
209000000 USD
CY2018 v Ve Territory Covered Losses Incurred
VETerritoryCoveredLossesIncurred
11000000 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
CY2018 v Ve Territory Covered Losses Incurred Post Acquisition
VETerritoryCoveredLossesIncurredPostAcquisition
-11000000 USD
CY2016 v Volume And Support Incentives
VolumeAndSupportIncentives
3409000000 USD
CY2017 v Volume And Support Incentives
VolumeAndSupportIncentives
4565000000 USD
CY2018 v Volume And Support Incentives
VolumeAndSupportIncentives
5491000000 USD
CY2018 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 operating rules. The estimated fair value of the liability for settlement indemnification is included in accrued liabilities on the consolidated balance sheets</font></div></div>
CY2018 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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