Visa 2008 Annual Report Download - page 144

Table of Contents
VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2008
(in millions, except as noted)
Amounts recognized on the Visa Inc. and Visa U.S.A. consolidated balance sheets consist of:
Pension Benefits
Other
Postretirement Benefits
September 30, September 30,
2008 2007 2008 2007
(in millions)
Current asset $ — $ — $ — $ —
Noncurrent asset — — — —
Current liability (3) (1) (5) (3)
Noncurrent liability (40) (22) (45) (59)
$ (43) $ (23) $ (50) $ (62)
Amounts recognized in accumulated other comprehensive income, before tax, consist of:
Pension Benefits
Other
Postretirement Benefits
September 30, September 30,
2008 2007 2008 2007
(in millions)
Net actuarial loss/(gain) $ 186 $ 115 $ 3 $ 17
Prior service cost/(credit) (56) (116) (26) (10)
Total $ 130 $ (1) $ (23) $ 7
The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in fiscal 2009 are as follows:
Pension Benefits
Other
Postretirement Benefits
(in millions)
Actuarial (gain)/loss $ 13 $ —
Prior service (credit)/cost (8) (3)
Total $ 5 $ (3)
The benefit obligation and fair value of plan assets for pension and postretirement plans with obligations in excess of plan assets at September 30, 2008 and
2007 are as follows:
Pension Benefits
Other
Postretirement Benefits
September 30, September 30,
2008 2007 2008 2007
(in millions)
Accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation, end of year $ 18 $ 9 NA NA
Fair value of plan assets, end of year — — — —
Projected benefit obligation/accumulated postretirement benefit obligation in excess of plan assets
Benefit obligation, end of year $ 667 $ 634 $ 50 $ 77
Fair value of plan assets, end of year 624 604 — —
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