Visa 2007 Annual Report Download - page 134

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Table of Contents
VISA U.S.A. INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The funded status at the end of September 30, 2006 and the related amounts recognized on the consolidated balance sheets are as follows:
Pension
Benefits
September 30,
2006
Postretirement
Benefits
September 30,
2006
(in thousands)
Funded Status:
Fair value of plan assets $ 514,398 $ —
Benefit obligations 660,422 74,083
Funded status $ (146,024) $ (74,083)
Unrecognized prior service cost 7,363 (16,321)
Unrecognized actuarial cost 141,661 25,203
Unrecognized transition (asset)/obligation — 932
4th quarter contributions 461 —
Net amount recognized on balance sheet $ 3,461 $ (64,269)
Visa U.S.A. share of net amount recognized on balance sheet $ 4,181 $ (50,825)
Amounts recognized on the Visa U.S.A. consolidated balance sheets consist of:
Pension Benefits Postretirement Benefits
September 30, September 30,
2007 2006 2007 2006
(in thousands)
Prepaid asset $ — $ 4,181 $ — $ —
Current liability (929) — (3,306) —
Noncurrent liability (21,665) — (58,528) (50,825)
$ (22,594) $ 4,181 $ (61,834) $ (50,825)
Amounts recognized in accumulated other comprehensive income, before tax, consist of:
Pension Benefits Postretirement Benefits
September 30, September 30,
2007 2006 2007 2006
(in thousands)
Net actuarial loss/(gain) $ 115,330 $ — $ 17,460 $ —
Prior service cost/(credit) (116,565) — (10,497) —
Total $ (1,235) $ — $ 6,963 $ —
Visa U.S.A. share of amount recognized in accumulated other comprehensive income $ (964) $ — $ 5,528 $ —
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