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Settlement Guarantee Management (Tables)
3 Months Ended
Dec. 31, 2017
Settlement Guarantee Management [Abstract]  
Schedule of Customer Collateral
The Company maintained collateral as follows:

December 31,
2017
 
September 30,
2017
 
(in millions)
Cash equivalents(1)
$
1,569

 
$
1,490

Pledged securities at market value
169

 
167

Letters of credit
1,319

 
1,316

Guarantees
617

 
941

Total
$
3,674

 
$
3,914


(1) 
Cash collateral held by Visa Europe is not included on the Company's consolidated balance sheets as its clients retain beneficial ownership and the cash is only accessible to the Company in the event of default by the client on its settlement obligations.