Visa 2013 Annual Report Download - page 92
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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2013
Note 4—Fair Value Measurements and Investments
Fair Value Measurements
The Company measures certain assets and liabilities at fair value. See Note 1—Summary of
Significant Accounting Policies.
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Fair Value Measurements at September 30
Using Inputs Considered as
Level 1 Level 2 Level 3
2013 2012 2013 2012 2013 2012
(in millions)
Assets
Cash equivalents and restricted cash:
Money market funds ............. $ 1,071 $ 5,676
Commercial paper ............... $51$93
Investment securities, trading:
Equity securities ................. 75 66
Investment securities, available-for-
sale:
U.S. government-sponsored debt
securities ...................... 2,704 2,821
U.S. Treasury securities .......... 1,673 1,066
Equity securities ................. 101 2
Corporate debt securities ......... 269 63
Auction rate securities ............ $7$7
Prepaid and other current assets:
Foreign exchange derivative
instruments ..................... 23 13
Total .............................. $ 2,920 $ 6,810 $ 3,047 $ 2,990 $7$7
Liabilities
Accrued liabilities:
Visa Europe put option ........... $ 145 $ 145
Earn-out related to PlaySpan
acquisition ..................... —12
Foreign exchange derivative instruments $15$11
Total .............................. $—$—$15$11$ 145 $ 157
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