Visa 2015 Annual Report Download - page 109
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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2015
Investment Income
Investment income is recorded as non-operating income in the Company’s consolidated
statements of operations and consisted of the following:
For the Years Ended
September 30,
2015 2014 2013
(in millions)
Interest and dividend income on cash and investments .... $31$25$27
Gain on other investments ........................... 385
Investment securities, trading:
Unrealized (losses) gains, net ..................... (6) (2) 4
Realized gains, net .............................. 262
Investment securities, available-for-sale:
Realized gains (losses), net ....................... 21 1 (1)
Other-than-temporary impairment on investments ........ (5) (3) (15)
Investment income .................................. $46$35$22
Note 5—Prepaid Expenses and Other Assets
Prepaid expenses and other current assets consisted of the following:
September 30,
2015
September 30,
2014
(in millions)
Prepaid expenses and maintenance .................. $ 137 $ 103
Income tax receivable (See Note 19—Income Taxes) .... 77 91
Foreign exchange derivative instruments (See Note 12—
Derivative Financial Instruments) .................... 76 40
Other ........................................... 63 73
Total ............................................ $ 353 $ 307
Other non-current assets consisted of the following:
September 30,
2015
September 30,
2014
(in millions)
Non-current income tax receivable (See Note 19—Income
Taxes) ............................................ $ 627 $ 597
Pension assets (See Note 10—Pension, Postretirement and
Other Benefits) ..................................... 36 164
Other investments (See Note 4—Fair Value Measurements
and Investments) ................................... 45 35
Long-term prepaid expenses and other ................. 57 51
Non-current deferred tax assets (See Note 19—Income
Taxes) ............................................ 11 8
Total .............................................. $ 776 $ 855
96