Visa 2015 Annual Report Download - page 115
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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2015
Amounts from accumulated other comprehensive income to be amortized into net periodic
benefit cost in fiscal 2016:
Pension
Benefits
Other
Postretirement
Benefits
(in millions)
Actuarial loss (gain) ............................................ $ 14 $ (1)
Prior service credit ............................................. (7) (3)
Total ........................................................ $ 7 $ (4)
Benefit obligations in excess of plan assets related to the Company’s non-qualified plan:
Pension Benefits
September 30,
2015 2014
(in millions)
Accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation—end of year ......................... $ (19) $ (30)
Fair value of plan assets—end of year .............................. $—$—
Projected benefit obligation in excess of plan assets
Benefit obligation—end of year .................................... $ (19) $ (30)
Fair value of plan assets—end of year .............................. $—$—
Net periodic pension and other postretirement plan cost:
Other
Postretirement BenefitsPension Benefits
Fiscal
2015 2014 2013 2015 2014 2013
(in millions)
Service cost ....................... $47 $46 $43 $— $— $—
Interest cost ....................... 40 42 35 111
Expected return on assets ............ (72) (68) (61) ———
Amortization of:
Prior service credit .................. (7) (8) (9) (3) (3) (3)
Actuarial loss (gain) ................. 1128(2) (1) (1)
Net benefit cost .................... $9 $13 $36 $ (4) $ (3) $ (3)
Curtailment gain .................... —(3) — ———
Settlement loss ..................... 73————
Total net periodic benefit cost ......... $16 $13 $36 $ (4) $ (3) $ (3)
102