Visa 2008 Annual Report Download - page 145

Table of Contents
VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2008
(in millions, except as noted)
Components of Net Periodic Benefit Cost
Net periodic pension and other postretirement plan cost included the following components:
Pension Benefits
Other
Postretirement Benefits
Fiscal
2008 2007 2006 2008 2007 2006
(in millions)
Service cost $ 50 $ 61 $ 74 $ 5 $ 6 $ 7
Interest cost 40 43 41 5 5 4
Expected return on assets (42) (36) (36) — — —
Amortization of:
Prior service (credit)/cost (13) — 1 (5) (5) (5)
Actuarial loss 7 8 17 2 2 2
Net periodic pension cost $ 42 $ 76 $ 97 $ 7 $ 8 $ 8
Curtailment (gain)/loss — — — (2) — —
Settlement (gain)/loss 27 — 3 — — —
Total net benefit cost $ 69 $ 76 $ 100 $ 5 $ 8 $ 8
Visa U.S.A. share of net periodic benefit cost $ 60 $ 75 $ 6 $ 6
Other changes in plan assets and benefit obligations recognized in other comprehensive income for fiscal 2008 are detailed below. There was no amount
recognized prior to the adoption of SFAS 158 at September 30, 2007.
Pension Benefits
Other
Postretirement Benefits
(in millions)
Current year actuarial (gain)/loss $ 148 $ (7)
Amortization of actuarial gain/(loss) (34) (2)
Current year prior service (credit)/cost 4 (26)
Amortization of prior service credit/(cost) 13 7
Total recognized in other comprehensive income $ 131 $ (28)
Total recognized in net benefit cost and other comprehensive income $ 200 $ (23)
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