Visa 2015 Annual Report Download - page 105
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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2015
Note 4—Fair Value Measurements and Investments
Fair Value Measurements
The Company measures certain assets and liabilities at fair value. See Note 1—Summary of
Significant Accounting Policies.
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Fair Value Measurements at September 30
Using Inputs Considered as
Level 1 Level 2 Level 3
2015 2014 2015 2014 2015 2014
(in millions)
Assets
Cash equivalents and
restricted cash:
Money market funds ...... $ 3,051 $ 2,277
U.S. government-sponsored
debt securities ........... $ 280 $—
Commercial paper ........ —37
Investment securities, trading:
Equity securities .......... 66 69
Investment securities,
available-for-sale:
U.S. government-sponsored
debt securities ........... 2,615 2,162
U.S. Treasury securities . . . 2,656 2,176
Equity securities .......... 458
Corporate debt securities . . 533 522
Auction rate securities ..... $7$7
Prepaid and other current
assets:
Foreign exchange derivative
instruments .............. 76 40
Total ....................... $ 5,777 $ 4,580 $ 3,504 $ 2,761 $7$7
Liabilities
Accrued liabilities:
Visa Europe put option .... $ 255 $ 145
Foreign exchange derivative
instruments .............. $13$6
Total ....................... $—$—$13$6$ 255 $ 145
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