Visa 2014 Annual Report Download - page 108
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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2014
Note 5—Prepaid Expenses and Other Assets
Prepaid expenses and other current assets consisted of the following:
September 30,
2014
September 30,
2013
(in millions)
Prepaid expenses and maintenance ......................... $ 103 $ 111
Foreign exchange derivative instruments—(See Note
12—Derivative Financial Instruments) ....................... 40 23
Other .................................................. 73 53
Total ................................................... $ 216 $ 187
Other non-current assets consisted of the following:
September 30,
2014
September 30,
2013
(in millions)
Non-current income tax receivable—(See Note 19—Income
Taxes)(1) ................................................ $ 597 $ 253
Pension assets—(See Note 10—Pension, Postretirement and
Other Benefits) 164 192
Other investments—(See Note 4—Fair Value Measurements and
Investments) ............................................ 35 30
Long-term prepaid expenses and other ...................... 51 46
Non-current deferred tax assets—(See Note 19—Income
Taxes) ................................................. 8—
Total ................................................... $ 855 $ 521
(1) The increase in non-current income tax receivable is mainly due to a tax benefit related to the
deduction for U.S. domestic production activities taken during fiscal 2014.
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