U.S. and Europe Retrospective Responsibility Plans (Tables)

9 Months Ended

Jun. 30, 2016

Retrospective Responsibility Plan [Abstract]

Schedule of As-converted and Book Value of Preferred Stock Available to Recover Europe Covered Losses

The following table sets forth the as-converted value of the preferred stock available to recover VE territory covered losses compared to the book value of preferred shares recorded in stockholders' equity within the Company's unaudited consolidated balance sheet as of June 30, 2016⁽¹⁾:



	June 30, 2016
	As-Converted Value of Preferred Stock⁽²⁾			Book Value of Preferred Stock
	(in millions)
U.K.&I preferred stock	$	2,567		$	2,516
Europe preferred stock	3,267			3,201
Total	$	5,834		$	5,717
Less: Right to recover for covered losses	(25		)	(25		)
Total recovery for covered losses available	$	5,809		$	5,692


⁽¹⁾	Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers.

⁽²⁾

The as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the U.K.&I and Europe preferred stock outstanding, respectively, as of June 30, 2016; (b) the 13.952 class A common stock conversion rate applicable to both the U.K.&I and Europe preferred stock as of June 30, 2016; and (c) $74.17, Visa's class A common stock closing stock price as of June 30, 2016. Figures in the table may not recalculate exactly due to rounding. Earnings per share is calculated based on unrounded numbers.