Visa 2008 Annual Report Download - page 106
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Table of Contents
VISA INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Years
Ended September 30,
2008 2007(1) 2006(1)
(in millions)
Net income (loss) $ 804 $ (1,076) $ 455
Other comprehensive (loss) income, net of tax:
Investment securities, available-for-sale
Net unrealized (loss) gain (27) 9 5
Income tax effect 11 (3) (2)
Reclassification adjustment for net loss/(gain) realized in net income (loss) 25 (4) (1)
Income tax effect (10) 1 —
Defined benefit pension and postretirement plans (104) — —
Income tax effect 40 — —
Derivative instruments
Net unrealized gain 2 — —
Income tax effect (1) — —
Reclassification adjustment for net (gain) realized in net income (2) — —
Income tax effect 1 — —
Foreign currency translation loss (5) — —
Other comprehensive (loss) income, net of tax (70) 3 2
Comprehensive income (loss) $ 734 $ (1,073) $ 457
(1) Historical balances for periods prior to October 1, 2007 represent balances for Visa U.S.A. Inc., deemed the accounting acquirer in the business combination.
See accompanying notes, which are an integral part of these consolidated financial statements.
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