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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Series B Preferred Stock
Series C Preferred Stock
Class A common stock
Class B common stock
Class C common stock
Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Common Stock
Class A common stock
Common Stock
Class B common stock
Common Stock
Class C common stock
Treasury Stock
Right to Recover for Covered Losses
Additional Paid-In Capital
Accumulated Income
Accumulated Other Comprehensive Income (Loss)
Beginning Balance (in shares) at Sep. 30, 2015               0 [1] 0 [1] 1,950 245 20          
Beginning Balance at Sep. 30, 2015 $ 29,842           $ 0           $ 0 $ 0 $ 18,073 $ 11,843 $ (74)
Net income 5,991 [2]     $ 4,738 [2] $ 1,006 [2] $ 185 [2]                   5,991  
Other comprehensive loss, net of tax (384)                               (384)
Comprehensive income 5,607                                
Issuance of preferred stock (Note 11) (in shares) [1]               2 3                
Issuance of preferred stock (Note 11) 5,717           5,717                    
VE territory covered losses incurred (Note 2) (34)                         (34)      
Class C common stock held by Visa Europe, a wholly-owned subsidiary of Visa Inc. (Note 11) (in shares)                       1          
Class C common stock held by Visa Europe, a wholly-owned subsidiary of Visa Inc. (Note 11) 170                       170        
Conversion of class C common stock upon sale into public market (in shares)                   8   (2)          
Issuance and vesting of restricted stock and performance-based shares (in shares)                   2              
Share-based compensation, net of forfeitures (Note 13) (in shares) [3]                   0              
Share-based compensation, net of forfeitures (Note 13) 221                           221    
Restricted stock and performance-based shares settled in cash for taxes (in shares)                   (1)              
Restricted stock and performance-based shares settled in cash for taxes (92)                           (92)    
Excess tax benefit for share-based compensation 63                           63    
Cash proceeds from issuance of common stock under employee equity plans (in shares)                   3              
Cash proceeds from issuance of common stock under employee equity plans 95                           95    
Cash dividends declared and paid (1,350)                             (1,350)  
Repurchase of class A common stock (Note 13) (in shares)       (91) [4],[5]           (91)              
Repurchase of class A common stock (Note 13) (6,987)     $ (6,987) [5]                     (965) (6,022)  
Ending Balance (in shares) at Sep. 30, 2016               2 [6] 3 [6] 1,871 245 17          
Ending Balance at Sep. 30, 2016 32,912           5,717           (170) (34) 17,395 10,462 (458)
Net income 6,699     $ 5,170 [2] 1,134 [2] 163 [2]                   6,699  
Other comprehensive loss, net of tax 1,336                               1,336
Comprehensive income 8,035                                
VE territory covered losses incurred (Note 2) (209)                         (209)      
Recovery through conversion rate adjustment (Note 2 and Note 11) 0 $ 190 $ 1       (191)             191      
Charitable contribution of Visa Inc. shares (Note 11 and Note 16) (in shares)                   2              
Charitable contribution of Visa Inc. shares (Note 11 and Note 16) 170                       170        
Treasury stock appreciation, net of tax 14                           14    
Conversion of class C common stock upon sale into public market (in shares)                   17   (4)          
Issuance and vesting of restricted stock and performance-based shares (in shares)                   2              
Share-based compensation, net of forfeitures (Note 13) (in shares) [7]                   0              
Share-based compensation, net of forfeitures (Note 13) 235                           235    
Restricted stock and performance-based shares settled in cash for taxes (in shares)                   (1)              
Restricted stock and performance-based shares settled in cash for taxes (76)                           (76)    
Cash proceeds from issuance of common stock under employee equity plans (in shares)                   4              
Cash proceeds from issuance of common stock under employee equity plans 149                           149    
Cash dividends declared and paid (1,579)                             (1,579)  
Repurchase of class A common stock (Note 13) (in shares)       (77) [4],[5]           (77)              
Repurchase of class A common stock (Note 13) (6,891)     $ (6,891) [5]                     (817) (6,074)  
Ending Balance (in shares) at Sep. 30, 2017               2 [6] 3 [6] 1,818 245 13          
Ending Balance at Sep. 30, 2017 32,760           5,526 $ 2,326 $ 3,200       $ 0 (52) 16,900 9,508 878
Net income 10,301     $ 7,937 [2] $ 1,787 [2] $ 218 [2]                   10,301  
Other comprehensive loss, net of tax (331)                               (331)
Comprehensive income 9,970                                
VE territory covered losses incurred (Note 2) (11)                         (11)      
Recovery through conversion rate adjustment (Note 2 and Note 11) $ 0 $ 35 $ 21       (56) $ (35) $ (21)         56      
Conversion of class C common stock upon sale into public market (in shares) 2,291 [8]     1,768 [8],[9] 400 [8] 47 [8]       4   (1)          
Issuance and vesting of restricted stock and performance-based shares (in shares)                   2              
Share-based compensation, net of forfeitures (Note 13) (in shares) [7]                   0              
Share-based compensation, net of forfeitures (Note 13) $ 327                           327    
Restricted stock and performance-based shares settled in cash for taxes (in shares)                   (1)              
Restricted stock and performance-based shares settled in cash for taxes (94)                           (94)    
Cash proceeds from issuance of common stock under employee equity plans (in shares)                   3              
Cash proceeds from issuance of common stock under employee equity plans 164                           164    
Cash dividends declared and paid (1,918)                             (1,918)  
Repurchase of class A common stock (Note 13) (in shares)       (58) [4],[5]           (58)              
Repurchase of class A common stock (Note 13) (7,192)     $ (7,192) [5]                     (619) (6,573)  
Ending Balance (in shares) at Sep. 30, 2018               2 [6] 3 [6] 1,768 245 12          
Ending Balance at Sep. 30, 2018 $ 34,006           $ 5,470 $ 2,291 $ 3,179         $ (7) $ 16,678 $ 11,318 $ 547
[1] Series B and C preferred stock are alternatively referred to as UK&I and Europe preferred stock, respectively.
[2] Net income is allocated based on proportional ownership on an as-converted basis. The weighted-average number of shares of as-converted class B common stock used in the income allocation was 403 million for fiscal 2018, and 405 million for fiscal 2017 and 2016. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 49 million, 58 million and 75 million for fiscal 2018, 2017 and 2016, respectively. The weighted-average number of shares of preferred stock included within participating securities was 32 million and 33 million of as-converted UK&I preferred stock for fiscal 2018 and 2017, respectively, and 44 million of as-converted Europe preferred stock for fiscal 2018 and 2017.
[3] Decrease in Class A common stock related to forfeitures of restricted stock awards is less than one million shares.
[4] All shares repurchased in the open market have been retired and constitute authorized but unissued shares.
[5] Shares repurchased in the open market reflect repurchases settled during fiscal 2018, 2017 and 2016. These amounts include repurchases traded but not yet settled on or before September 30, 2017, September 30, 2016 and September 30, 2015 for fiscal 2018, 2017 and 2016, respectively. Also, these exclude repurchases traded but not yet settled on or before September 30, 2018, September 30, 2017 and September 30, 2016 for fiscal 2018, 2017 and 2016, respectively.
[6] Series B and C preferred stock are alternatively referred to as UK&I and Europe preferred stock, respectively.
[7] Decrease in Class A common stock related to forfeitures of restricted stock awards is less than one million shares.
[8] Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers.
[9] Class A common stock shares outstanding reflect repurchases settled on or before September 30, 2018.