Visa 2011 Annual Report Download - page 99

Table of Contents
VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2011
(in millions, except as noted)
The following table summarizes the fair value of the acquired intangible assets. See Note 8—Intangible Assets, Net.
Fair Value
Weighted-
Average
Useful Life
(in millions)
Customer relationships $ 320 10
Reseller relationships 95 9
Tradenames 190 15
Total amortizable intangible assets $ 605 12
In connection with the acquisition, non-vested in-the-money stock options held by CyberSource employees on the acquisition date were terminated and
replaced with approximately 1.6 million of the Company's non-qualified stock options, with a total fair value of approximately $46 million to be expensed
over a period of three years from the original grant date of the CyberSource options. See Note 17—Share-based Compensation. The Company also expensed
as incurred approximately $13 million of acquisition-related costs during fiscal 2010, which consisted primarily of professional fees related to closing the
transaction. There was no contingent consideration related to the acquisition.
The consolidated financial statements include the operating results of CyberSource from the date of the acquisition.
Note 6—Prepaid Expenses and Other Assets
Prepaid expenses and other current assets consisted of the following:
September 30,
2011
September 30,
2010
(in millions)
Prepaid expenses and maintenance $ 96 $ 72
Income tax receivable—(See Note 20—Income Taxes) 112 140
Foreign exchange derivative instruments—(See Note 4—Fair Value Measurements and Investments) 30 5
Other 27 25
Total $ 265 $ 242
Other non-current assets consisted of the following:
September 30,
2011
September 30,
2010
(in millions)
Other investments—(See Note 4—Fair Value Measurements and Investments) $ 100 $ 114
Pension asset—(See Note 11—Pension, Postretirement and Other Benefits) — 53
Long-term prepaid expenses and other 29 30
Total $ 129 $ 197
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