MasterCard 2008 Annual Report Download - page 144

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MASTERCARD INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(In thousands, except percent and per share data)
Note 23. Segment Reporting
In accordance with SFAS No. 131, “Disclosures about Segments of an Enterprise and Related Information,”
MasterCard has one reportable segment, “Payment Solutions.” All of the Company’s activities are interrelated,
and each activity is dependent upon and supportive of the other. Accordingly, all significant operating decisions
are based upon analyses of MasterCard as one operating segment. The President and Chief Executive Officer has
been identified as the chief operating decision-maker.
Revenue by geographic market is based on the location of the Company’s customer that issued the cards
which are generating the revenue. Revenue generated in the U.S. was approximately 47.2%, 49.7% and 52.3% of
net revenues in 2008, 2007 and 2006, respectively. No individual country, other than the U.S., generated more
than 10% of total revenues in those periods. MasterCard does not maintain or measure long-lived assets by
geographic location.
MasterCard did not have any one customer that generated greater than 10% of net revenues in 2008 or 2007.
MasterCard had one customer that generated greater than 10%, or $359,319, of net revenues in 2006.
Note 24. Other Income
During the year ended December 31, 2008, the Company recognized $75,000, pre-tax, in other income,
related to the termination of a customer business agreement for a customer exiting a specific line of business.
During the year ended December 31, 2007, the Company recognized $90,000, pre-tax, in other income related to
a settlement agreement to discontinue its relationship with the organization which operates the World Cup soccer
events and not sponsor the 2010 and 2014 World Cup soccer events.
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