Pension and Other Postretirement Benefits

6 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits

Note 8—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 Company amended the U.S. qualified defined benefit pension plan and discontinued employer provided credits after December 31, 2015. Plan participants will continue to earn interest credits on existing balances at December 31, 2015. 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 March 31,						Three Months Ended March 31,					Three Months Ended March 31,
	2017			2016			2017		2016			2017
	(in millions)
Service cost	$	—		$	—		$	—	$	—		$	1
Interest cost	9			10			—		—			2
Expected return on assets	(17		)	(18		)	—		—			(4		)
Amortization of:
Prior service credit	—			—			—		(1		)	—
Actuarial loss	4			2			—		—			1
Curtailment gain	—			—			—		—			—
Settlement loss	11			—			—		—			—
Total net periodic benefit cost	$	7		$	(6	)	$	—	$	(1	)	$	—

	U.S. Plans												Non-U.S. Plans
	Pension Benefits						Other Postretirement Benefits						Pension Benefits
	Six Months Ended March 31,						Six Months Ended March 31,						Six Months Ended March 31,
	2017			2016			2017			2016			2017
	(in millions)
Service cost	$	—		$	13		$	—		$	—		$	3
Interest cost	18			21			—			—			5
Expected return on assets	(35		)	(35		)	—			—			(8		)
Amortization of:
Prior service credit	—			(1		)	(1		)	(2		)	—
Actuarial loss	8			4			—			—			1
Curtailment gain	—			(8		)	—			—			—
Settlement loss	13			—			—			—			—
Total net periodic benefit cost	$	4		$	(6	)	$	(1	)	$	(2	)	$	1