VISA INC. | 2013 | FY | 3

Benefit obligation and fair value of plan assets with obligations in excess of plan assets:
 
Pension Benefits
September 30,
 
2013
 
2012
 
(in millions)
Accumulated benefit obligation in excess of plan assets
 
 
 
Accumulated benefit obligation—end of year
$
(33
)
 
$
(39
)
Fair value of plan assets—end of year
$
—

 
$
—

Projected benefit obligation in excess of plan assets
 
 
 
Benefit obligation—end of year
$
(34
)
 
$
(40
)
Fair value of plan assets—end of year
$
—

 
$
—

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

 
1

 
1

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

 
4

 
4

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
)
 
 
 
 
 
 
 
 

us-gaap:ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock