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Visa Europe - Purchase Price Allocation (Details) - USD ($)
$ in Millions
Jun. 21, 2016
Sep. 30, 2016
Sep. 30, 2015
Business Combinations [Abstract]      
Current assets [1] $ 4,457    
Non-current assets [2] 258    
Current liabilities [3] (2,731)    
Non-current liabilities [2] (2,605)    
Tangible assets and liabilities (621)    
Intangible assets - customer relationships and reacquired rights [2] 16,137    
Goodwill 3,268 [4] $ 15,066 $ 11,825
Fair value of net assets acquired 18,784    
Net deferred tax liabilities $ 2,400    
[1] Current assets are largely comprised of cash and cash equivalents and settlement receivable.
[2] Intangible assets consist of customer relationships and reacquired rights, which have been valued as a single composite intangible asset as they are inextricably linked. These intangibles are considered indefinite-lived assets as the associated customer relationships have historically not experienced significant attrition, and the reacquired rights are based on the Framework Agreement, which has a perpetual term. Non-current assets and liabilities include deferred tax assets and liabilities that result in net deferred tax liabilities of $2.4 billion, which are primarily related to these indefinite-lived intangible assets, and are not expected to be realized in the foreseeable future.
[3] Current liabilities assumed mainly include settlement payable, client incentives liabilities and accrued liabilities.
[4] The excess of purchase consideration over net assets acquired was recorded as goodwill, which represents the value that is expected from increased scale and synergies as a result of the integration of both businesses.