Visa 2010 Annual Report Download - page 41

Table of Contents
At September 30,
Balance Sheet Data: 2010 2009 2008 2007(1) 2006(1)
(in millions, except per share data)
Total assets $ 33,408 $ 32,281 $ 34,981 $ 4,390 $ 2,964
Current portion of long-term debt(4) 12 12 51 41 32
Current portion of accrued litigation 631 1,394 2,698 2,236 216
Long-term debt(4) 32 44 55 — 41
Long-term accrued litigation 66 323 1,060 1,446 784
Total equity (deficit)(5) 25,014 23,193 21,141 (463) 621
Dividend declared and paid per common share 0.50 0.42 0.105 N/A N/A
(1) Historical balances for the consolidated statements of operations and consolidated balance sheet data prior to October 1, 2007 represent balances for
Visa U.S.A. Inc., the accounting acquirer in the reorganization.
(2) Visa U.S.A. Inc. was a non-stock corporation and therefore no comparable metric for earnings per share is provided for fiscal 2007 and 2006.
(3) Effective October 1, 2009, we adopted a new accounting standard related to the calculation of earnings per share, which requires retrospective
application to earnings per share for fiscal 2009 and 2008. See Note 17—Earnings Per Share to the consolidated financial statements included in Item 8
of this report.
(4) The long term portion of Visa U.S.A. debt was classified as being due within one year at September 30, 2007 because Visa U.S.A. was in default of
certain financial performance covenants as a result of the American Express settlement in fiscal 2007 as described in Note 22—Legal Matters to the
consolidated financial statements included in Item 8 of this report.
(5) Effective October 1, 2009, we adopted a new accounting standard which requires the presentation of non-controlling interests (previously referred to as
minority interests) to be included in total equity. The change in presentation has been applied to prior year comparable periods.
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