MasterCard 2011 Annual Report Download - page 141

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MASTERCARD INCORPORATED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Generally, the Company does not obtain collateral related to derivatives because of the high credit ratings of
the counterparties. The amount of loss the Company would incur if the counterparties failed to perform according
to the terms of the contracts is not considered material.
Note 23. Segment Reporting
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 card, as
well as the location of the merchant acquirer where the card is being used. Revenue generated in the U.S. was
approximately 39.6%, 41.6%, and 42.4% of net revenues in 2011, 2010 and 2009, 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 2011, 2010 or
2009.
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