Visa 2013 Annual Report Download - page 95

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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2013
Available-for-sale Investment Securities
The amortized cost, unrealized gains and losses and fair value of available-for-sale investment
securities are as follows:
September 30, 2013 September 30, 2012
Amortized
Cost
Gross Unrealized Fair
Value
Amortized
Cost
Gross Unrealized Fair
ValueGains Losses Gains Losses
(in millions)
U.S. government-
sponsored debt
securities .............. $ 2,701 $ 3 $ — $ 2,704 $ 2,818 $ 3 $ — $ 2,821
U.S. Treasury
securities .............. 1,671 2 — 1,673 1,065 1 — 1,066
Equity securities ........ 14 88 (1) 101 4 — (1) 3
Corporate debt
securities .............. 269 — — 269 63 — — 63
Auction rate securities . . . 7 — — 7 7 — — 7
Total ................. $ 4,662 $ 93 $ (1) $ 4,754 $ 3,957 $ 4 $ (1) $ 3,960
Less: current portion of
available-for-sale
investment securities .... (1,994) (677)
Long-term available-for-
sale investment
securities .............. $ 2,760 $ 3,283
The available-for-sale investment securities primarily include U.S. government-sponsored debt
securities, U.S. Treasury securities and corporate debt securities. Available-for-sale debt securities are
presented below in accordance with their stated maturities. The majority of these investments, $2.8
billion, are classified as non-current, as they have stated maturities of more than one year from the
balance sheet date. However, these investments are generally available to meet short-term liquidity
needs.
Amortized Cost Fair Value
(in millions)
September 30, 2013:
Due within one year .............................................. $ 1,989 $ 1,992
Due after 1 year through 5 years ................................... 2,652 2,654
Due after 5 years through 10 years ................................. — —
Due after 10 years ............................................... 7 7
Total .......................................................... $ 4,648 $ 4,653
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