Visa 2010 Annual Report Download - page 94

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Table of Contents
VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2010
(in millions, except as noted)
Available-For-Sale
(in millions)
Amortized
Cost
Gross Unrealized Fair
Value Gains Losses
September 30, 2009:
Debt securities:
U.S. government-sponsored agency debt securities $ 160 $ 9 $ — $ 169
Canadian government debt securities 7 — — 7
Corporate debt securities 10 — — 10
Mortgage backed securities 6 — — 6
Other asset backed securities 5 — — 5
Auction rate securities 13 — — 13
Equity Securities 7 7 — 14
Total $ 208 $ 16 $ — $ 224
Less: current portion of available-for-sale securities (56)
Long-term available-for-sale securities $ 168
The contractual maturity of available-for-sale debt securities regardless of their balance sheet classification is presented below. Contractual maturities
may differ from expected maturities as borrowers may have the right to prepay certain obligations in advance of the contractual due date.
Amortized Cost Fair Value
(in millions)
September 30, 2010:
Due within one year $ 120 $ 124
Due after 1 year through 5 years 10 11
Due after 5 years through 10 years — —
Due after 10 years 13 13
Total $ 143 $ 148
Trading assets
Trading assets primarily consist of mutual fund investments related to various employee compensation plans. See Note 1—Summary of Significant
Accounting Policies. As of September 30, 2010 and September 30, 2009, trading assets totaled $60 million and $59 million, respectively.
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