Pension and Other Postretirement Benefits

3 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits

Note 7—Pension and Other Postretirement Benefits

The Company sponsors various qualified and non-qualified defined benefit pension and other postretirement benefit plans that provide for retirement and medical benefits for substantially all employees residing in the U.S. The Company also sponsors other pension benefit plans that provide benefits for internationally-based employees at certain non-U.S. locations. The components of net periodic benefit cost presented below include the U.S. pension plans and the non-U.S. plans, which represent Visa Europe funded and unfunded pension plans. Disclosures relating to other non-U.S. pension benefit plans are not included as they are immaterial, individually and in aggregate.

In October 2015, the U.S. qualified defined benefit pension plan was amended such that the Company discontinued employer provided credits after December 31, 2015, and that plan participants continue to earn interest credits on existing balances at the time of the freeze. The Visa Europe pension plans had been closed to new entrants prior to the Visa Europe acquisition.

	U.S. Plans												Non-U.S. Plans
	Pension Benefits						Other Postretirement Benefits						Pension Benefits
	Three Months Ended December 31,						Three Months Ended December 31,						Three Months Ended December 31,
	2016			2015			2016			2015			2016
	(in millions)
Service cost	$	—		$	13		$	—		$	—		$	2
Interest cost	9			11			—			—			3
Expected return on assets	(18		)	(17		)	—			—			(4		)
Amortization of:
Prior service credit	—			(1		)	(1		)	(1		)	—
Actuarial loss	4			2			—			—			—
Curtailment gain	—			(8		)	—			—			—
Settlement loss	2			—			—			—			—
Total net periodic benefit cost	$	(3	)	$	—		$	(1	)	$	(1	)	$	1