Visa 2013 Annual Report Download - page 101

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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2013
Summary of Plan Activities
Change in Benefit Obligation:
Pension Benefits
Other
Postretirement Benefits
September 30, September 30,
2013 2012 2013 2012
(in millions)
Benefit obligation—beginning of fiscal year ......... $ 990 $ 839 $32$38
Service cost ................................... 43 38 ——
Interest cost ................................... 35 40 11
Actuarial (gain) loss ............................ (127) 132 (4) (3)
Benefit payments .............................. (44) (60) (4) (4)
Settlements ................................... —1——
Benefit obligation—end of fiscal year .............. $ 897 $ 990 $25$32
Accumulated benefit obligation ................... $ 892 $ 982 NA NA
Change in Plan Assets:
Fair value of plan assets—beginning of fiscal year . . . $ 973 $ 783 $—$—
Actual return on plan assets ..................... 126 166 ——
Company contribution .......................... —84 44
Benefit payments .............................. (44) (60) (4) (4)
Fair value of plan assets—end of fiscal year ........ $ 1,055 $ 973 $—$—
Funded status at end of fiscal year ................ $ 158 $ (17) $ (25) $ (32)
Recognized in Consolidated Balance Sheets:
Non-current asset .............................. $ 192 $23 $—$—
Current liability ................................ (8) (8) (4) (4)
Non-current liability ............................. (26) (32) (21) (28)
Funded status at end of fiscal year ................ $ 158 $ (17) $ (25) $ (32)
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