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200 | MA | 2015 | A decline in cross-border activity could adversely affect our results of operations. | [-0.02401210367679596, -0.024101415649056435, 0.03202464431524277, -0.019750656560063362, -0.01856408640742302, 0.036643337458372116, -0.028630796819925308, 0.0041147200390696526, 0.013345727697014809, -0.02120516262948513, -0.0010829049861058593, 0.029855644330382347, 0.0053969817236065865, -0.00389463035389781, 0.001... |
201 | MA | 2015 | We process substantially all cross-border transactions using MasterCard, Maestro and Cirrus-branded cards and generate a significant amount of revenue from cross-border volume fees and transaction switching fees. Revenue from processing cross-border and currency conversion transactions for our customers fluctuates with... | [-0.005488754250109196, -0.017339928075671196, 0.015179106034338474, -0.03596034273505211, -0.009563636966049671, 0.019874224439263344, -0.016539623960852623, 0.002147483406588435, -0.008116420358419418, -0.0391615591943264, -0.007836313918232918, 0.02889098785817623, -0.00532202422618866, -0.02424922212958336, 0.01139... |
202 | MA | 2015 | Negative trends in consumer spending could negatively impact our results of operations. | [-0.027861427515745163, -0.023243652656674385, 0.013698535040020943, -0.0229082852602005, -0.005794789642095566, 0.010963987559080124, -0.01602032035589218, -0.002868372481316328, 0.0039083389565348625, -0.028867533430457115, 0.012679529376327991, 0.03431083261966705, 0.005459420848637819, -0.014872326515614986, -0.005... |
203 | MA | 2015 | The global payments industry depends heavily upon the overall level of consumer, business and government spending. General economic conditions (such as unemployment, housing and changes in interest rates) and other political conditions (such as devaluation of currencies and government restrictions on consumer spending)... | [-0.00879546906799078, -0.019606979563832283, 0.006779429502785206, -0.04187566041946411, -0.020278992131352425, 0.006641073618084192, -0.01719563640654087, 0.011371521279215813, 0.0030668845865875483, -0.04274532198905945, 0.007418500725179911, 0.0042692613787949085, 5.21664806001354e-05, -0.01865825429558754, 0.00461... |
204 | MA | 2015 | Adverse currency fluctuations and foreign exchange controls could negatively impact our results of operations. | [-0.012581950053572655, -0.031379684805870056, 0.00949285551905632, -0.027168991044163704, -0.006955161690711975, 0.01273233164101839, -0.013759941793978214, -0.005752106662839651, 0.0153013551607728, -0.007669475395232439, -0.0075441570952534676, 0.03168044611811638, 0.01203055027872324, 0.002960643032565713, 0.009073... |
205 | MA | 2015 | During 2015, approximately 61% of our revenue was generated from activities outside the United States. This revenue (and the related expense) could be transacted in a non-functional currency or valued based on a currency other than the functional currency of the entity generating the revenues. Resulting exchange gains ... | [-0.002065473236143589, -0.027109945192933083, 0.004544366616755724, -0.00618177093565464, -0.0040300325490534306, -0.004993594717234373, -0.007194161880761385, -0.0043099867179989815, 0.007741048466414213, -0.004274178761988878, 0.0031169275753200054, 0.03382883593440056, 0.0013851203257218003, -0.0005932741914875805,... |
206 | MA | 2015 | In addition, some of the revenue we generate outside the United States is subject to unpredictable currency fluctuations (including devaluations of currencies) where the values of other currencies change relative to the U.S. dollar. If the U.S. dollar strengthens compared to currencies in which we generate revenue, thi... | [-0.005236859433352947, -0.05031556263566017, 0.006032001692801714, -0.013041636906564236, 0.001261962577700615, 0.008023115806281567, -0.01710207760334015, -0.002176865004003048, 0.0007540002116002142, -0.017271533608436584, 0.0062796687707304955, 0.030397899448871613, 0.008055703714489937, -0.009554742835462093, -0.0... |
207 | MA | 2015 | The occurrence of currency fluctuations or exchange controls could have a material adverse impact on our results of operations. | [-0.023260770365595818, -0.03516806662082672, 0.011240188032388687, -0.020013324916362762, -0.011164666153490543, 0.011139491572976112, -0.02044128254055977, -0.0005672015249729156, 0.010478674434125423, -0.005513104610145092, 0.0009652653243392706, 0.028018653392791748, 0.006627053488045931, 0.004005811642855406, 0.00... |
208 | MA | 2015 | Brand perception may materially and adversely affect our overall business. | [-0.013989427126944065, -0.013198550790548325, 0.006702996790409088, -0.03352794796228409, -0.0061065987683832645, 0.010605514980852604, -0.010456415824592113, 0.00948402751237154, 0.021599985659122467, -0.003147296840324998, -0.02567105181515217, 0.029690256342291832, -0.025087619200348854, -0.012945730239152908, 0.00... |
209 | MA | 2015 | Our brands and their attributes are key assets of our business. The ability to attract consumers to our branded products and retain them depends upon the external perception of us and our industry. Our business may be affected by actions taken by our customers that impact the perception of our brands. From time to time... | [-0.023035379126667976, 0.0037047346122562885, 0.016166115179657936, -0.028090624138712883, -0.012071232311427593, 0.03467978537082672, 0.008496547117829323, 0.019740799441933632, 0.015272443182766438, -0.014632200822234154, -0.025302903726696968, 0.02124803699553013, -0.01600605435669422, -0.003924817778170109, 0.0084... |
210 | MA | 2015 | Account data breaches could adversely affect our reputation and results of operations. | [-0.022897249087691307, -0.021108200773596764, 0.02720898576080799, -0.0546753890812397, -0.011120418086647987, 0.030761340633034706, -0.015470766462385654, 0.0036167099606245756, 0.02310318313539028, -0.02016862854361534, 0.006641360465437174, 0.014711386524140835, -0.005598821677267551, -0.00991055741906166, 0.003655... |
211 | MA | 2015 | We, our issuers and acquirers, merchants and other third parties process, transmit or store cardholder account and other information in connection with payment cards and devices. In addition, our customers may sponsor (or we may certify as PCI-compliant) third-party processors to process transactions generated by cards... | [-0.014955381862819195, -0.004038356710225344, 0.010708375833928585, -0.048594892024993896, -0.01902065984904766, 0.04724877327680588, 0.005778215359896421, 0.001741541433148086, 0.004257101099938154, -0.037691328674554825, 0.023099400103092194, 0.009321874007582664, -0.009712248109281063, -0.02400130033493042, 0.01732... |
212 | MA | 2015 | In addition to reputational concerns, while most of the lawsuits resulting from account data breaches do not involve direct claims against us, we could face damage claims in various circumstances, which, if upheld, could materially and adversely affect our results of operations. | [-0.01865583471953869, -0.019138751551508904, 0.016406459733843803, -0.044987503439188004, -0.0222777109593153, 0.027678752318024635, -0.008235001005232334, 0.013623334467411041, 0.022214168682694435, -0.005070625804364681, -0.0037394275423139334, 0.010134897194802761, -0.011755209416151047, -0.01149468868970871, 0.016... |
213 | MA | 2015 | Fraudulent activity could damage our reputation and encourage regulatory intervention, which could reduce the use and acceptance of our cards and other payment devices. | [-0.008707369677722454, -0.009357958100736141, 0.003259513294324279, -0.019373076036572456, -0.02875731885433197, 0.019491365179419518, -0.029256761074066162, 0.012387464754283428, 0.006098444573581219, -0.021962285041809082, 0.011349152773618698, 0.015469545498490334, 0.00233784643933177, -0.008832230232656002, 0.0039... |
214 | MA | 2015 | Criminals are using increasingly sophisticated methods to capture cardholder account information to engage in illegal activities such as counterfeiting or other fraud. Cards that use magnetic-stripe technology, the most widely-used payment technology in the United States, continue to raise heightened vulnerabilities to... | [-0.015693817287683487, -0.000802448543254286, -0.001052062027156353, -0.04725567623972893, -0.02951134368777275, 0.02766185998916626, -0.023239178583025932, -0.006422938778996468, -0.020598972216248512, -0.027125775814056396, 0.022448455914855003, 0.0006730348686687648, 0.004037371836602688, -0.004516495391726494, 0.0... |
215 | MA | 2015 | Acquisitions, strategic investments or entry into new businesses could disrupt our business and harm our results of operations or reputation. | [-0.02256988175213337, -0.02458994835615158, 0.022931499406695366, -0.033443327993154526, -0.024178454652428627, 0.029652586206793785, -0.021447623148560524, 0.006627564784139395, 0.02890441194176674, 0.004351872485131025, -0.004772719461470842, 0.024016350507736206, 0.0035694080870598555, -0.0023660967126488686, 0.013... |
216 | MA | 2015 | Although we may continue to make strategic acquisitions of, or acquire interests in joint ventures or other entities related to, complementary businesses, products or technologies, we may not be able to successfully partner with or integrate them. In addition, such an integration may divert management’s time and resour... | [-0.03285617008805275, -0.03181109204888344, 0.0247632022947073, -0.024113215506076813, -0.03441103920340538, 0.030256222933530807, -0.021831892430782318, 0.004221724346280098, 0.013535008765757084, -0.010514483787119389, -0.0009263897663913667, 0.028140582144260406, 0.01144485641270876, -0.005387876648455858, 0.013458... |
217 | MA | 2015 | Moreover, we may spend time and money on acquisitions or projects that do not meet our expectations or increase our revenue. To the extent we pay the purchase price of any acquisition in cash, it would reduce our cash reserves available to us for other uses, and to the extent the purchase price is paid with our stock, ... | [-0.0013539737556129694, -0.018254058435559273, 0.003914393950253725, -0.017795084044337273, -0.02466658316552639, 0.02003750018775463, -0.0160247553139925, -0.004520895425230265, 0.016627978533506393, 0.006615784950554371, -0.005150345619767904, 0.02448299340903759, 0.004504503682255745, 0.011231753043830395, 0.013238... |
218 | MA | 2015 | Any acquisition or entry into a new business could subject us to new regulations with which we would need to comply, and we could be subject to liability or reputational harm to the extent we cannot meet any such compliance requirements. Our expansion into new businesses could also result in unanticipated issues which ... | [-0.006256163585931063, -0.032236889004707336, 0.026846962049603462, -0.038422469049692154, -0.02338200993835926, 0.019955556839704514, -0.018094750121235847, 0.018864739686250687, 0.02321517840027809, 0.0054605077020823956, 0.0029564383439719677, 0.0048701828345656395, 0.010202358476817608, -0.005624130368232727, 0.01... |
219 | MA | 2015 | Liabilities we may incur for any litigation that has been or may be brought against us could materially and adversely affect our results of operations. | [-0.01768016628921032, -0.018963709473609924, -0.010010371915996075, -0.03973947837948799, -0.0020621616858989, 0.011841307394206524, -0.01801992766559124, 0.02295275777578354, 0.007996971718966961, -0.004514419473707676, -0.004190388135612011, 0.02222289890050888, 0.0026205654721707106, 0.0032969419844448566, -0.00036... |
220 | MA | 2015 | We are a defendant on a number of civil litigations and regulatory proceedings and investigations, including among others, those alleging violations of competition and antitrust law and those involving intellectual property clams. See Note 18 (Legal and Regulatory Proceedings) to the consolidated financial statements i... | [-0.02194616012275219, -0.012873774394392967, 0.009523065760731697, -0.032187700271606445, -0.012671294622123241, 0.01973848044872284, -0.02063984051346779, 0.030280476436018944, 0.006851643323898315, -0.0312994047999382, 0.0031221024692058563, 0.016799263656139374, 0.010835916735231876, -0.009464281611144543, 0.003166... |
221 | MA | 2015 | Limitations on our business resulting from litigation or litigation settlements may materially and adversely affect our overall business and results of operations. | [-0.013636292889714241, -0.023273294791579247, 0.0006785087753087282, -0.04375998675823212, -0.02269275300204754, 0.015519830398261547, -0.014268439263105392, 0.013184759765863419, 0.008940351195633411, -0.01606166921555996, -0.003275226103141904, 0.020460890606045723, 0.008985504508018494, -0.002141556004062295, 0.003... |
222 | MA | 2015 | Certain limitations have been placed on our business in recent years because of litigation and litigation settlements, such as changes to our no-surcharge rule in the United States. Any future limitations on our business resulting from litigation or litigation settlements could reduce the volume of business that we do ... | [-0.006238429807126522, -0.022991659119725227, 0.009909062646329403, -0.045772626996040344, -0.022188398987054825, 0.022952154278755188, -0.009408671408891678, 0.006761865224689245, -0.006327314767986536, -0.01657875068485737, 0.0013373942347243428, 0.022227903828024864, 0.0037858544383198023, -0.014932726509869099, 0.... |
223 | MA | 2015 | Provisions in our organizational documents and Delaware law could be considered anti-takeover provisions and have an impact on change-in-control. | [-0.03502609580755234, -0.025545349344611168, 0.010362984612584114, -0.03502609580755234, -0.020528452470898628, -0.0022401558235287666, -0.023451684042811394, 0.0007843014900572598, -0.004322299268096685, -0.0020327644888311625, 0.014471308328211308, 0.016683483496308327, 0.004825964104384184, 0.028521250933408737, 0.... |
224 | MA | 2015 | Provisions contained in our amended and restated certificate of incorporation and bylaws and Delaware law could be considered anti-takeover provisions, including provisions that could delay or prevent entirely a merger or acquisition that our stockholders consider favorable. These provisions may also discourage acquisi... | [-0.025280296802520752, -0.018590036779642105, 0.0023574079386889935, -0.03303399682044983, -0.036722391843795776, 0.007854660972952843, -0.037530068308115005, -0.003900407813489437, -0.015951626002788544, -0.005239806137979031, -0.0013772579841315746, 0.00780754629522562, 0.012707455083727837, 0.0177419763058424, 0.01... |
225 | MA | 2015 | •any representative of a competitor of MasterCard or of the Foundation is disqualified from service on our board of directors. | [-0.026403596624732018, -0.018800536170601845, -0.012667312286794186, -0.035329509526491165, -0.041743338108062744, 0.018453121185302734, -0.016288453713059425, 0.003210255177691579, 0.007689913734793663, -0.0006802166462875903, 0.0007599719683639705, 0.012386707589030266, 0.002495380351319909, -0.039445050060749054, -... |
226 | MA | 2015 | The Foundation’s substantial stock ownership, and restrictions on its sales, may impact corporate actions or acquisition proposals favorable to, or favored by, the other public stockholders. | [-0.0019636135548353195, -0.03305768594145775, -0.01043139211833477, -0.04703562334179878, -0.030272511765360832, -0.0028388614300638437, -0.03649360314011574, 0.02389524132013321, 0.024051418527960777, -0.003073128405958414, -0.013925875537097454, -0.004835011903196573, 0.015071181580424309, -0.012246961705386639, 0.0... |
227 | MA | 2015 | As of February 4, 2016, the Foundation owned 115,446,594 shares of Class A common stock, representing approximately 10.6% of our general voting power. The Foundation may not sell or otherwise transfer its shares of Class A common stock prior to April | [-0.0024871909990906715, -0.013415954075753689, -0.03441315144300461, -0.05578552931547165, -0.016339778900146484, -0.0024030988570302725, -0.04936864227056503, 0.0032812163699418306, 0.0004746362683363259, 0.024813693016767502, -0.0061387368477880955, 0.01016869768500328, 0.020091587677598, -0.009444210678339005, 0.01... |
228 | MA | 2015 | 26, 2026, except to the extent necessary to satisfy its charitable disbursement requirements, for which purpose earlier sales are permitted. The directors of the Foundation are required to be independent of us and our customers. The ownership of Class A common stock by the Foundation, together with the restrictions on ... | [-0.008139003999531269, -0.02316640131175518, -0.02233712002635002, -0.041651371866464615, -0.030362430959939957, 0.004022687673568726, -0.034749601036310196, 0.023915430530905724, 0.0025129260029643774, 0.017428303137421608, -0.026697538793087006, 0.00698202196508646, 0.02376830019056797, -0.009209046140313148, 0.0178... |
229 | MA | 2015 | Not applicable. | [-0.01060420647263527, -0.01894407533109188, 0.010038122534751892, -0.019523324444890022, -0.030805516988039017, 0.0015131235122680664, -0.016021501272916794, -0.012901455163955688, -0.004660321865230799, -0.03283288702368736, 0.011677133850753307, 0.0242889653891325, 0.006095279473811388, -0.001181536354124546, -0.024... |
230 | MA | 2015 | The following discussion should be read in conjunction with the consolidated financial statements and notes of MasterCard Incorporated and its consolidated subsidiaries, including MasterCard International Incorporated (“MasterCard International”) (together, “MasterCard” or the “Company”), included elsewhere in this Rep... | [-0.028418047353625298, 0.008423352614045143, -0.005726024508476257, -0.03987009450793266, -0.007528661750257015, -0.0057823569513857365, -0.013798127882182598, -0.007628072053194046, -0.03565510734915733, -0.00636224914342165, 0.016634631901979446, 0.029770024120807648, -0.007714227307587862, -0.019709717482328415, 0.... |
231 | MA | 2015 | Non-GAAP financial information is defined as a numerical measure of a company’s performance that excludes or includes amounts so as to be different than the most comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”). This report on Form 10-... | [-0.03306363523006439, -0.005365018267184496, 0.012998598627746105, -0.030117113143205643, 0.004739208146929741, -0.007405419833958149, -0.018722154200077057, -0.010378018021583557, -0.025332273915410042, -0.029021944850683212, 0.025684291496872902, 0.042137883603572845, -0.0160363856703043, 0.005469319876283407, -0.00... |
232 | MA | 2015 | MasterCard excludes these Special Items because its management monitors significant one-time items separately from ongoing operations and evaluates ongoing performance without these amounts. MasterCard presents non-GAAP financial measures to enhance an investor’s understanding of MasterCard’s ongoing operating results ... | [-0.030849585309624672, 0.0017973805079236627, -0.00020761786436196417, -0.044575035572052, -0.008483636192977428, -0.004735280759632587, 0.005215671379119158, 0.001052284613251686, -0.02232673391699791, -0.027163321152329445, 0.01755550503730774, 0.025686200708150864, -0.01964700222015381, -0.007032659836113453, -0.00... |
233 | MA | 2015 | We recorded net income of $3.8 billion, or $3.35 per diluted share in 2015 versus net income of $3.6 billion, or $3.10 per diluted share in 2014. Reported net income grew 5% in 2015 versus the comparable period in 2014. | [-0.02753494307398796, -0.01879449374973774, -0.00805207621306181, -0.034860752522945404, 0.01237177848815918, -0.013325396925210953, 0.0077868313528597355, -0.008677296340465546, -0.0155484015122056, -0.004802826792001724, 0.01369168795645237, 0.0321577824652195, 0.0029634798411279917, -0.01108976174145937, 0.00125912... |
234 | MA | 2015 | Excluding the impact of the Special Items, we had adjusted net income of $3.9 billion, or $3.43 per adjusted diluted share in 2015. Adjusted net income increased 8% in 2015 versus the comparable period in 2014. The increase in adjusted net income was driven by:[DATA_TABLE_REMOVED][DATA_TABLE_REMOVED][DATA_TABLE_REMOVED... | [-0.029527680948376656, -0.016978416591882706, -0.0006956346333026886, -0.029578590765595436, -0.005641441326588392, -0.011009243316948414, -0.003974145743995905, -0.016202041879296303, -0.011957437731325626, 0.001240926212631166, 0.011664706282317638, 0.029400406405329704, 0.004279604647308588, -0.01179198082536459, -... |
235 | MA | 2015 | •We acquired two businesses for $609 million, which focus on expanding our footprint and enhancing critical capabilities, including in the area of data analytics with the acquisition of Applied Predictive Technologies. | [-0.012229247950017452, -0.009875446557998657, 0.021486656740307808, -0.023419667035341263, -0.01504328940063715, 0.03176974505186081, 0.0027976047713309526, 0.007830663584172726, 0.0158191230148077, -0.004520219285041094, 0.020566176623106003, 0.039606984704732895, 0.011098370887339115, -0.02756183221936226, 0.0234591... |
236 | MA | 2015 | •We completed a debt offering of €1.65 billion ($1.7 billion) and established a commercial paper program with authorization to issue up to $3.75 billion in outstanding notes. [DATA_TABLE_REMOVED] | [-0.028675485402345657, -0.014074664562940598, -0.00989172700792551, -0.028596561402082443, -0.00814225897192955, -0.0033180692698806524, -0.024203162640333176, 0.007195178885012865, -7.866643863962963e-05, -0.015771517530083656, 0.024229468777775764, 0.030148720368742943, -0.007813411764800549, -0.01277242973446846, 0... |
237 | MA | 2015 | 1 See Non-GAAP Financial Information for the respective impacts relating to the Special Items. There were no Special Items recorded in 2014. | [-0.03934219852089882, -0.007043605204671621, 0.016968395560979843, -0.027358509600162506, -0.008363085798919201, -0.01853647455573082, -0.006922493223100901, -0.026619089767336845, 0.0010151078458875418, -0.013462528586387634, 0.01949261873960495, 0.030265191569924355, 0.011288891546428204, 0.004573562648147345, -0.00... |
238 | MA | 2015 | * Tables may not sum due to rounding. | [-0.01414729654788971, 0.0016528962878510356, 0.02851203642785549, -0.018115606158971786, -0.0069921077229082584, -0.009744103997945786, -0.049930036067962646, -0.014446279034018517, -0.006377155892550945, -0.026283258572220802, 0.006727100815623999, 0.03144749626517296, -0.009594612754881382, 0.026921993121504784, -0.... |
239 | MA | 2015 | We process transactions from more than 210 countries and territories and in more than 150 currencies. Net revenue generated in the United States was 39% of total revenue in each of 2015, 2014 and 2013. No individual country, other than the United States, generated more than 10% of total revenue in any such period, but ... | [-0.0013162927934899926, -0.02712770737707615, 0.012514039874076843, -0.013383517041802406, 0.012700816616415977, -0.0119472686201334, -0.00940324179828167, -0.0005080004339106381, -0.016771260648965836, -0.02844158560037613, 0.010852371342480183, 0.021241020411252975, -0.008804268203675747, -0.024396903812885284, 0.01... |
240 | MA | 2015 | The competitive and evolving nature of the global payments industry provides both challenges to and opportunities for the continued growth of our business. Adverse economic trends (including distress in financial markets, turmoil in specific economies around the world and additional government intervention) have impact... | [-0.023096272721886635, -0.0240169670432806, 0.0014492713380604982, -0.022793758660554886, -0.016704022884368896, 0.023319868370890617, -0.005968071520328522, 0.019584480673074722, -0.016677718609571457, -0.033644795417785645, 0.006753949914127588, 0.008424351923167706, 0.00691835954785347, -0.03240843489766121, 0.0085... |
241 | MA | 2015 | MasterCard’s financial results may be negatively impacted by actions taken by individual financial institutions or by governmental or regulatory bodies. In addition, political instability or a decline in economic conditions in the countries in which the Company operates may accelerate the timing of or increase the impa... | [-0.032483071088790894, -0.023582709953188896, -0.004037645645439625, -0.04118853434920311, -0.019035080447793007, 0.003625110723078251, -0.006233501713722944, 0.01147302147001028, -0.011479517444968224, -0.02710387483239174, 0.013038705103099346, 0.010992271825671196, 0.0034659437369555235, -0.018333446234464645, 0.00... |
242 | MA | 2015 | In addition, our business and our customers’ businesses are subject to regulation in many countries. Regulatory bodies may seek to impose rules and price controls on certain aspects of our business and the payments industry. For further discussion, see Note 18 (Legal and Regulatory Proceedings) to the consolidated fina... | [0.003929472528398037, -0.022467033937573433, 0.007755707949399948, -0.04165628179907799, -0.00633619399741292, 0.019473150372505188, -0.016311505809426308, 0.006210373714566231, 0.004690848290920258, -0.0354362316429615, 0.017808448523283005, 0.006278123240917921, 0.00862677302211523, -0.015085562132298946, 0.03017112... |
243 | MA | 2015 | Our overall operating results can be impacted by changes in foreign currency exchange rates, especially the strengthening or weakening of the U.S. dollar versus the euro and Brazilian real. The functional currency of MasterCard Europe, our principal European operating subsidiary, is the euro, and the functional currenc... | [-0.016243580728769302, -0.01596466451883316, 0.00021748866129200906, -0.035196639597415924, -0.008141713216900826, 0.014357572421431541, 0.004014409147202969, -0.005611539352685213, -0.026350991800427437, -0.02993706613779068, -0.004210314713418484, 0.013839583843946457, -2.6394884116598405e-05, -0.007577238604426384,... |
244 | MA | 2015 | The following table provides a summary of the foreign currency translational impact of changes in the U.S. dollar average exchange rates against the euro and Brazilian real to our operating results for the years ended December 31, 2015, and 2014: | [-0.03428037464618683, -0.021933188661932945, -0.0017762104980647564, -0.022975144907832146, 0.0023232377134263515, -0.006235459353774786, -0.007241598796099424, -0.011897842399775982, -0.013506363146007061, -0.010002784430980682, 0.007091817446053028, 0.029200835153460503, -0.0008913613855838776, -0.005821933038532734... |
245 | MA | 2015 | In addition, changes in foreign currency exchange rates directly impact the calculation of gross dollar volume (“GDV”) and gross euro volume (“GEV”), which are used in the calculation of our domestic assessments fees, cross-border volume fees and volume related rebates and incentives. These foreign currency impacts are... | [0.003068372840061784, -0.016862258315086365, 0.01420116238296032, -0.0324004590511322, -0.010787172242999077, -0.0026513596531003714, -0.014149239286780357, -0.01353913452476263, -0.017368515953421593, -0.029752343893051147, 0.012189115397632122, 0.03709956258535385, 0.0037385146133601665, 0.0001739244908094406, -0.00... |
246 | MA | 2015 | most non-European regions, GDV is calculated based on local currency spending volume converted to U.S. dollars using average exchange rates for the period. In Europe, GEV is calculated based on local currency spending volume converted to euros using average exchange rates for the period. As a result, our domestic asses... | [0.004917076323181391, -0.021129604429006577, 0.012440795078873634, -0.028673071414232254, -0.010545055381953716, -0.0022265075240284204, -0.017180146649479866, -0.01731179468333721, -0.012177498079836369, -0.030147535726428032, 0.008399182930588722, 0.031227054074406624, 0.006677876692265272, -0.0010392013937234879, -... |
247 | MA | 2015 | The Company generates revenue and has financial assets in countries at risk for currency devaluation. While these revenues and financial assets are not material to MasterCard on a consolidated basis, they could be negatively impacted if a devaluation of local currencies occurs relative to the U.S. dollar. | [-0.016391806304454803, -0.0284477137029171, 0.002592615084722638, -0.03592978045344353, -0.003826957894489169, 0.012710259296000004, -0.0289500430226326, -0.004276410676538944, 0.002395979594439268, -0.027839630842208862, 0.00985491182655096, 0.019101740792393684, 0.009511212818324566, -0.0070788804441690445, 0.013053... |
248 | MA | 2015 | MasterCard’s business model involves four participants in addition to us: cardholders, merchants, issuers (the cardholders’ financial institutions) and acquirers (the merchants’ financial institutions). Our gross revenue is generated by assessing our customers based primarily on the dollar volume of activity on the car... | [-0.010821008123457432, 0.0007628711173310876, 0.0021900448482483625, -0.04283343255519867, -0.018593844026327133, 0.00857463851571083, 0.006242124829441309, 0.0060466439463198185, -0.01465772744268179, -0.03875153511762619, 0.01847456768155098, 0.028891362249851227, 0.001416405662894249, -0.02340465411543846, -0.01015... |
249 | MA | 2015 | The price structure for our products and services is complex and is dependent on the nature of volumes, types of transactions and type of products and services we offer to our customers. Our net revenue can be significantly impacted by the following: | [0.01533942949026823, -0.007393502164632082, 0.015223805792629719, -0.011363253928720951, -0.01017489843070507, 0.00015406474994961172, -0.006969548296183348, 0.0049846721813082695, -0.009320566430687904, -0.012198315002024174, -0.008241410367190838, 0.02339455671608448, -0.003931210841983557, -0.019617512822151184, 0.... |
250 | MA | 2015 | •amount of rebates and incentives provided to customers. | [-0.007179499138146639, -0.007580215577036142, 0.02024952694773674, -0.014091853983700275, -0.03336630389094353, 0.010111406445503235, -0.0059105646796524525, -0.01866002008318901, -0.013731209561228752, -0.015080288052558899, 0.004134055692702532, 0.03916333243250847, -0.015534432604908943, -0.011487198993563652, -0.0... |
251 | MA | 2015 | 1.Domestic assessments fees: Domestic assessments are fees charged to issuers and acquirers based primarily on the dollar volume of activity on cards and other devices that carry our brands where the merchant country and the issuer country are the same. Domestic assessments include items such as card assessments, which... | [-0.009393397718667984, 0.021004121750593185, -2.8582713639480062e-05, -0.04590535908937454, -0.017617659643292427, -0.008587097749114037, -0.009836862795054913, 0.006615021266043186, -0.00696105882525444, -0.026634784415364265, 0.014486527070403099, 0.007807673886418343, -0.011765263974666595, -0.02054721675813198, -0... |
252 | MA | 2015 | 2.Cross-border volume fees: Cross-border volume fees are charged to issuers and acquirers based on the dollar volume of activity on cards and other devices that carry our brands where the merchant country and the issuer country are different. In general, a cross-border transaction generates higher revenue than a domest... | [9.160214540315792e-05, -0.002046420006081462, 0.005564273800700903, -0.033352501690387726, -0.010121079161763191, 0.0027125421911478043, -0.010903192684054375, -0.00721135176718235, -0.018094660714268684, -0.03568558767437935, 0.01878398098051548, 0.02322479523718357, -0.006187313701957464, -0.022707805037498474, 0.00... |
253 | MA | 2015 | 3.Transaction processing fees: Transaction processing fees are charged for both domestic and cross-border transactions and are primarily based on the number of transactions. Transaction processing fees include charges for the following: | [0.0009442635928280652, 0.011742204427719116, 0.005926123820245266, -0.026850420981645584, -0.0224616602063179, -0.011690420098602772, -0.015509549528360367, 0.00043774343794211745, 0.0018173230346292257, -0.02788611873984337, 0.00713982991874218, 0.02019607461988926, -0.01319217961281538, -0.014331445097923279, 0.0168... |
254 | MA | 2015 | ØAuthorization is the process by which a transaction is routed to the issuer for approval. In certain circumstances such as when the issuer’s systems are unavailable or cannot be contacted, MasterCard or others, on behalf of the issuer approve in accordance with either the issuer’s instructions or applicable rules (als... | [-0.0004661181883420795, -0.02033848501741886, -0.03540155291557312, -0.02458292245864868, -0.017499934881925583, 0.018771927803754807, -0.008716493844985962, -0.0180622898042202, -0.020673220977187157, -0.013061351142823696, 0.045604266226291656, -0.02361888624727726, -0.013643790036439896, -0.017941784113645554, -0.0... |
255 | MA | 2015 | ØClearing is the exchange of financial transaction information between issuers and acquirers after a transaction has been successfully conducted at the point of interaction. MasterCard clears transactions among customers through our central and regional processing systems. | [-0.0076330541633069515, 0.0031738474499434233, 0.00016932131256908178, -0.024968918412923813, -0.024837087839841843, 0.022002706304192543, 0.002081292448565364, -0.007402348332107067, -0.005794002208858728, -0.028264710679650307, 0.03330067917704582, 0.000987089704722166, -0.0070991357788443565, -0.022780513390898705,... |
256 | MA | 2015 | ØSettlement is facilitating the exchange of funds between parties. | [-0.026325959712266922, -0.01685132086277008, 0.006192353088408709, -0.010983813554048538, -0.021453289315104485, 0.014008929952979088, -0.0268267635256052, 0.005654328968375921, -0.01909816451370716, -0.036057766526937485, 0.02754412777721882, 0.01407660637050867, 0.013541965745389462, -0.002170707331970334, -0.003972... |
257 | MA | 2015 | •Connectivity fees are charged to issuers and acquirers for network access, equipment and the transmission of authorization and settlement messages. These fees are based on the size of the data being transmitted through and the number of connections to the Company’s network. | [0.003942566458135843, 0.006187409162521362, 0.00822998397052288, -0.03528083115816116, -0.014987722039222717, -0.01045161485671997, -0.016009008511900902, 0.0018585438374429941, 0.007858606055378914, -0.03589095175266266, 0.0199615228921175, 0.018728021532297134, 0.007321435958147049, -0.015146883204579353, 0.00907884... |
258 | MA | 2015 | •Other Processing fees: We extend our processing capabilities in the payment value chain for issuer and acquirer solutions; payment gateways for e-commerce merchants; and mobile gateways for mobile initiated transactions. | [-0.0005047995946370065, 0.0009832544019445777, 0.00640432583168149, -0.020314358174800873, -0.03176328167319298, 0.02015119045972824, -0.009980414994060993, 0.0015517913270741701, 0.0017761467024683952, -0.023183388635516167, 0.02754811942577362, 0.0095860930159688, 0.011829646304249763, -0.02327856980264187, 0.011945... |
259 | MA | 2015 | 4.Other revenues: Other revenues consist of other payment-related products and services and are primarily associated with the following: | [-0.01630772463977337, -0.011065500788390636, -0.010752626694738865, -0.03067435882985592, -0.007706900592893362, -0.015017921105027199, -0.008677446283400059, 0.00941174104809761, -0.003607621183618903, -0.011761483736336231, 0.02313985675573349, 0.017750773578882217, -0.018708549439907074, 0.0022092689760029316, -0.0... |
260 | MA | 2015 | •Consulting, data analytic and research fees are primarily generated by MasterCard Advisors, the Company’s professional advisory services group. | [0.003321644850075245, -0.0008762414800003171, -0.02096252143383026, -0.06350648403167725, 0.0017373464070260525, 0.011234727688133717, 0.0007269777124747634, -0.003730333410203457, -0.010185256600379944, -0.03503620624542236, 0.021419983357191086, 0.007628851104527712, 0.014625328592956066, -0.0179890189319849, -0.014... |
261 | MA | 2015 | •Safety and security services fees are for products and services we offer to prevent, detect and respond to fraud and to ensure the safety of transactions made on MasterCard products. We work with issuers, merchants and governments to help deploy standards for safe and secure transactions for the global payments system... | [0.010602204129099846, -0.0009067248320207, -0.0263209268450737, -0.04204612597823143, -0.010563344694674015, 0.001836117822676897, 0.005576357711106539, -0.008348344825208187, -0.0027881788555532694, -0.017512742429971695, 0.022927185520529747, 0.01748683676123619, 5.7226883654948324e-05, -0.02611367590725422, -0.0036... |
262 | MA | 2015 | •Loyalty and rewards solutions fees are charged to issuers for benefits provided directly to consumers with MasterCard-branded cards, such as access to a global airline lounge network, global and local concierge services, individual insurance coverages, emergency card replacement, emergency cash advance services and a ... | [-0.002465534256771207, 0.0044146389700472355, -0.015006441622972488, -0.062264736741781235, -0.022456353530287743, 0.0015917689306661487, 0.0037116287276148796, 0.0008346166578121483, -0.008396144025027752, -0.021949918940663338, 0.015086404979228973, 0.01664568856358528, -0.0176185742020607, -0.017951754853129387, -0... |
263 | MA | 2015 | •Program management services provided to prepaid card issuers consist of foreign exchange margin, commissions, load fees, and ATM withdrawal fees paid by cardholders on the sale and encashment of prepaid cards. | [0.0034833168610930443, 0.0002423999976599589, -0.008691830560564995, -0.026971012353897095, -0.03492535278201103, 0.006643982138484716, -0.0054587326012551785, -0.012919220142066479, -0.011898588389158249, -0.01629059761762619, 0.018713774159550667, 0.027181724086403847, -0.019003501161932945, -0.004955001641064882, -... |
264 | MA | 2015 | •The Company also charges for a variety of other payment-related products and services, including account and transaction enhancement services, rules compliance and publications. | [-0.004997235722839832, -0.014889047481119633, -0.01049121469259262, -0.035633038729429245, -0.017670808359980583, 0.0008949655457399786, -0.01380283571779728, -0.004609776195138693, -0.007033882662653923, -0.023300563916563988, 0.01310739479959011, 0.008133340626955032, 0.010517708025872707, -0.008431386202573776, 0.0... |
265 | MA | 2015 | 5.Rebates and incentives (contra-revenue): Rebates and incentives are provided to certain MasterCard customers and are recorded as contra-revenue. | [-0.024094857275485992, -0.004873340949416161, -0.01286296732723713, -0.02389594539999962, -0.0072536529041826725, -0.0047075808979570866, -0.005509858950972557, -0.01701359450817108, -0.02634919248521328, -0.028484180569648743, 0.018909888342022896, 0.033602844923734665, -0.019413799047470093, -0.028218964114785194, -... |
266 | MA | 2015 | Gross revenue in 2015 and 2014 increased $903 million and $1.5 billion, or 7% and 13%, versus 2014 and 2013, respectively, primarily driven by an increase in dollar volume of activity and number of transactions on cards carrying our brands, as well as growth in our Advisors business, which includes the impact of our ne... | [-0.016072161495685577, -0.008062256500124931, 0.0006024606409482658, -0.023689422756433487, 0.0017112663481384516, -0.011622214689850807, 0.004724796395748854, -0.012486027553677559, -0.028689069673419, -0.028977006673812866, 0.012571100145578384, 0.019697558134794235, -0.011445525102317333, -0.016019808128476143, 0.0... |
267 | MA | 2015 | 1 Excludes volume generated by Maestro and Cirrus cards. | [-0.0050546396523714066, 0.003779781749472022, 0.0032715611159801483, -0.02642057090997696, -0.007283918093889952, 0.005888465791940689, -0.03900376334786415, -0.013740901835262775, -0.015119126997888088, -0.040767889469861984, 0.01152885053306818, 0.02422919310629368, -0.021004145964980125, -0.029521577060222626, -0.0... |
268 | MA | 2015 | A significant portion of our revenue is concentrated among our five largest customers. In 2015, the net revenue from these customers was approximately $2.3 billion, or 24%, of total net revenue. The loss of any of these customers or their significant card programs could adversely impact our revenue. In addition, as par... | [0.0004276832623872906, -0.020548593252897263, 0.013362525030970573, -0.029720894992351532, 7.769029616611078e-05, -0.003946069162338972, -0.004480570089071989, 0.010729612782597542, -0.014741669408977032, -0.014358940534293652, 0.02242264710366726, 0.03618769720196724, -0.025510873645544052, -0.02155160717666149, 0.00... |
269 | MA | 2015 | 1 Reflects translation from the euro and Brazilian real to the U.S. dollar. | [-0.021157586947083473, -0.01872924342751503, -0.002924022264778614, -0.018548408523201942, 0.012477550655603409, -0.0046177273616194725, -0.014285891316831112, -0.012994219549000263, -0.005496064200997353, -0.02678927592933178, -0.0013489898992702365, 0.021570920944213867, -0.012735885567963123, -0.01726965419948101, ... |
270 | MA | 2015 | 2 Includes impact from pricing, local foreign currency impact from billing and other fees. | [0.0069291372783482075, -9.75321454461664e-05, 0.020327197387814522, -0.01847337745130062, 0.010474729351699352, -0.0084912721067667, -0.015958406031131744, -0.00886722095310688, -0.0067411623895168304, -0.03339468315243721, -0.014052730984985828, 0.027172069996595383, 0.0007907901890575886, 0.004313695710152388, 0.008... |
271 | MA | 2015 | 3 Includes impact of the allocation of revenue to service deliverables, which are recorded in other revenue when services are performed. | [-0.003133063204586506, -0.02419334650039673, -0.01111350767314434, -0.011337519623339176, 0.021082062274217606, -0.007311517838388681, -0.012644259259104729, -0.005737208295613527, -0.0018278794595971704, -0.017012502998113632, 0.004887827672064304, 0.02655792236328125, -0.004246903117746115, -0.003568643005564809, -0... |
272 | MA | 2015 | 4 Includes impacts from Advisor fees, safety and security fees, loyalty and reward solution fees and other payment-related products and services. | [0.010658984072506428, -0.0009392686188220978, -0.0033957529813051224, -0.04831002280116081, -0.0035429580602794886, -0.010926629416644573, -0.029896007850766182, -0.010565307922661304, -0.008557966910302639, -0.03361628204584122, -0.0002109799679601565, 0.022803401574492455, -0.010250824503600597, 0.00456670206040144,... |
273 | MA | 2015 | 5 Includes the impact from timing of new, renewed and expired agreements. | [-0.013743966817855835, -0.015662208199501038, 0.012513265945017338, -0.03421209380030632, -0.01838487572968006, 0.009164935909211636, -0.03542216867208481, -0.014328377321362495, -0.021382559090852737, -0.008938047103583813, 0.004163067322224379, 0.02806546911597252, -0.0057203504256904125, 0.017889846116304398, -0.00... |
274 | MA | 2015 | Our operating expenses are comprised of general and administrative, advertising and marketing, depreciation and amortization expenses and provisions for litigation settlements. Operating expenses increased 6% in 2015 compared to 2014, and increased 14% in 2014 compared to 2013. Excluding the impact of the Special Items... | [-0.011815544217824936, 0.02062930166721344, -0.0034744087606668472, -0.04164180904626846, -0.022647524252533913, 0.004933787975460291, 0.007702457252889872, -0.011885798536241055, -0.023988747969269753, -0.015111123211681843, 0.0063356864266097546, 0.017793571576476097, 0.004480326548218727, 0.0003159460611641407, -0.... |
275 | MA | 2015 | 1 See Non-GAAP Financial Information for the respective impacts relating to the Special Items. | [-0.02478729374706745, -0.00991755910217762, 0.017867453396320343, -0.02367800660431385, -0.003902314929291606, -0.013060539960861206, -0.008781859651207924, -0.016031846404075623, -0.0025239591486752033, -0.024100592359900475, 0.021261343732476234, 0.04780501127243042, -0.002731950720772147, 0.016692135483026505, -0.0... |
276 | MA | 2015 | * Tables may not sum due to rounding. | [-0.01414729654788971, 0.0016528962878510356, 0.02851203642785549, -0.018115606158971786, -0.0069921077229082584, -0.009744103997945786, -0.049930036067962646, -0.014446279034018517, -0.006377155892550945, -0.026283258572220802, 0.006727100815623999, 0.03144749626517296, -0.009594612754881382, 0.026921993121504784, -0.... |
277 | MA | 2015 | ** Not meaningful. | [-0.02332664281129837, -0.017697002738714218, 0.00766331423074007, 0.011299684643745422, -0.005659943446516991, -0.010296315886080265, -0.04387887194752693, -0.009710456244647503, -0.008781161159276962, -0.043151598423719406, 0.004232331179082394, 0.024255938827991486, 0.01051180437207222, -0.029521942138671875, -0.013... |
278 | MA | 2015 | 1 Reflects translation from the euro and Brazilian real to the U.S. dollar. | [-0.02121938206255436, -0.018636377528309822, -0.002999513875693083, -0.01853305660188198, 0.012546944431960583, -0.0045590028166770935, -0.01429693028330803, -0.013024800457060337, -0.005517943296581507, -0.02673409692943096, -0.001439217827282846, 0.021542256698012352, -0.012727754190564156, -0.017267385497689247, -1... |
279 | MA | 2015 | General and administrative expenses increased 6% in 2015 compared to 2014, and increased 21% in 2014 compared to 2013. | [-0.006611005403101444, 0.008584817871451378, 0.0006543788476847112, -0.03937502205371857, 0.005314109846949577, -0.007654848508536816, 0.0014471459435299039, -0.013475064188241959, -0.017561867833137512, -0.011393704451620579, 0.014790939167141914, 0.009160513058304787, 0.011349420063197613, 0.0022142124362289906, 0.0... |
280 | MA | 2015 | Excluding the impact of the Special Items, adjusted general and administrative expenses increased 3% in 2015 compared to 2014, primarily due to acquisitions and higher data processing costs, partially offset by improved cost controls, the favorable impact of foreign currency translation, lapping of the impact of the re... | [-0.024027835577726364, 0.012644177302718163, -0.003947244491428137, -0.044157158583402634, -0.004713952075690031, 0.00016375785344280303, -0.0015569686656817794, -0.017621278762817383, -0.014333533123135567, -0.02005135267972946, 0.012345291674137115, 0.02051917463541031, 0.011526604183018208, 0.0009177749743685126, 0... |
281 | MA | 2015 | 1 Includes the impact of the U.S. Employee Pension Plan Settlement Charge, which was recognized in personnel expenses. See Non-GAAP Financial Information. | [-0.01204078271985054, 0.004404768347740173, 0.012580407783389091, -0.05026961863040924, -0.008666503243148327, -0.008568980731070042, -0.0011418263893574476, -0.0034002859611064196, -0.015811653807759285, -0.006101660430431366, -0.003221494611352682, 0.03573225811123848, 0.012664927169680595, 0.03354775533080101, -0.0... |
282 | MA | 2015 | * Tables may not sum due to rounding. | [-0.014187469147145748, 0.001532219466753304, 0.02851083315908909, -0.01815561205148697, -0.006978223565965891, -0.009764077141880989, -0.049900755286216736, -0.014432081021368504, -0.006325926166027784, -0.02626856230199337, 0.006628293078392744, 0.031418994069099426, -0.009607797488570213, 0.02693444862961769, -0.020... |
283 | MA | 2015 | ** Not meaningful. | [-0.02338961884379387, -0.017757786437869072, 0.007659561466425657, 0.011324293911457062, -0.005689093843102455, -0.01036769151687622, -0.04378816857933998, -0.009720973670482635, -0.008730687201023102, -0.043195344507694244, 0.004233979154378176, 0.024211488664150238, 0.010583263821899891, -0.02947954274713993, -0.013... |
284 | MA | 2015 | telecommunication system. These expenses increased in both 2015 and 2014 due to capacity growth of our business and higher third party processing costs. [DATA_TABLE_REMOVED][DATA_TABLE_REMOVED] | [-0.014591682702302933, -0.012685561552643776, 0.01873256452381611, -0.027895091101527214, -0.0013301764847710729, 0.015354130417108536, -0.0038188141770660877, -0.018601108342409134, -0.004183606244623661, -0.008117444813251495, 0.0027096490375697613, 0.02488473430275917, -0.0024648113176226616, -0.017983263358473778,... |
285 | MA | 2015 | In 2015, advertising and marketing expenses decreased 5%, mainly due to the favorable impact from foreign currency translation and lower media spend, partially offset by higher sponsorship promotions to support our strategic initiatives. Advertising and marketing expenses increased 3% in 2014, mainly due to new and ren... | [-0.007266605272889137, -0.005377927795052528, -0.00606617471203208, -0.03070540726184845, -0.025493940338492393, 0.003162733744829893, -0.005387531593441963, -0.019334930926561356, -0.009136075153946877, -0.013028671033680439, 0.00396942300722003, 0.022305596619844437, -0.0008651101379655302, -0.00606617471203208, 0.0... |
286 | MA | 2015 | Depreciation and amortization expenses increased 14% in 2015 and 24% in 2014. The increase in depreciation and amortization expense in both 2015 and 2014 was primarily due to higher amortization of capitalized software costs and other intangibles associated with our acquisitions. | [-0.014477869495749474, 0.0012674552854150534, 0.02584967203438282, -0.037709202617406845, -0.010819897055625916, 0.012443523854017258, -0.0007259791600517929, -0.009831602685153484, 0.0011888410663232207, -0.0033756026532500982, -0.0033178450539708138, 0.026594100520014763, 0.012745145708322525, 0.007713829632848501, ... |
287 | MA | 2015 | During 2015, the Company recorded a pre-tax charge of $61 million for a litigation settlement relating to a merchant litigation in the U.K. In the fourth quarter of 2013, MasterCard recorded an incremental net pre-tax charge of $95 million related to the opt-out merchants in the U.S. Merchant Litigation. See Note 18 (L... | [0.0008126822067424655, -0.012346864677965641, -0.007150947116315365, -0.04573981836438179, -0.010155657306313515, -0.003673881059512496, 0.003896938171237707, 0.008941964246332645, -0.02319793589413166, -0.02742289938032627, 0.025415385141968727, 0.011362789198756218, -0.008968206122517586, -0.008299035020172596, 0.02... |
288 | MA | 2015 | Other income (expense) is comprised primarily of investment income, interest expense, our share of income (losses) from equity method investments and other gains and losses. Total other expense increased to $120 million in 2015 versus $27 million for the comparable period in 2014 resulting from impairment charges taken... | [-0.02614470385015011, -0.0112177524715662, -0.0037027597427368164, -0.045824065804481506, -0.01111471839249134, 0.01284052710980177, 0.0052386000752449036, 0.0026144704315811396, -0.00607252586632967, -0.008822227828204632, -0.003142516128718853, 0.02521740458905697, -0.0010480419732630253, 0.010226056911051273, -0.00... |
289 | MA | 2015 | The effective tax rate for 2015 was lower than the effective tax rate for 2014 primarily due to settlements with tax authorities in multiple jurisdictions. Further, the information gained related to the these matters was considered in measuring uncertain tax benefits recognized for the periods subsequent to the periods... | [-0.029821252450346947, -0.00879573728889227, -0.004254251718521118, -0.044885069131851196, -0.010353182442486286, -0.014106371439993382, 0.006067016161978245, -0.02341274730861187, -0.03010210208594799, -0.026144659146666527, 0.027702104300260544, -0.005358505994081497, -0.007327653467655182, 0.021868066862225533, -0.... |
290 | MA | 2015 | The effective tax rate for 2014 was lower than the effective tax rate for 2013 primarily due to the recognition of a larger repatriation benefit and an increase in the Company’s domestic production activity deduction in the U.S. related to the Company’s authorization revenue, partially offset by an unfavorable mix of e... | [-0.03240305185317993, -0.022077659144997597, -0.0076856715604662895, -0.043532680720090866, -0.01648689992725849, -0.023439675569534302, 0.001328777987509966, -0.0197816863656044, -0.0178359467536211, -0.01439847331494093, 0.0026137768290936947, 0.012491648085415363, 0.0007928888662718236, 0.006281496025621891, -0.009... |
291 | MA | 2015 | During the fourth quarter of 2014, we implemented an initiative to better align our legal entity and tax structure with our operational footprint outside of the U.S. This initiative resulted in a one-time taxable gain in Belgium relating to the transfer of intellectual property to a related foreign entity in the United... | [-0.0006475055124610662, -0.03603966906666756, 0.02007472887635231, -0.04212531819939613, -0.012645497918128967, 0.014568667858839035, 0.0049297683872282505, -0.006345801055431366, 0.01970590092241764, -0.0024895824026316404, 0.0061284564435482025, -0.002361151622608304, -0.002693754620850086, -0.0013477005995810032, 0... |
292 | MA | 2015 | flexibility and efficiency with regard to the global deployment of cash, as well as ongoing benefits in our effective income tax rate. See Note 17 (Income Taxes) to the consolidated financial statements included in Part II, Item 8 for further discussion. | [-0.02889496460556984, -0.022693997249007225, 0.011449919082224369, -0.030438775196671486, -0.005712094716727734, 0.01785672828555107, -0.02843182161450386, -0.006921411957591772, 0.005139598622918129, -0.03671693429350853, 0.030927646905183792, 0.014190181158483028, 0.0011216739658266306, 0.013559792190790176, -0.0112... |
293 | MA | 2015 | The provision for income taxes differs from the amount of income tax determined by applying the U.S. federal statutory income tax rate of 35% to pretax income for the years ended December 31, as a result of the following: | [0.0006581451161764562, -0.013524606823921204, 0.004966361448168755, -0.05039960518479347, -0.0021010320633649826, -0.02216777391731739, -0.015348856337368488, -0.008781558834016323, -0.010479997843503952, 0.0067560127936303616, 0.020280620083212852, 0.018796058371663094, -0.005661463364958763, 0.019450271502137184, -0... |
294 | MA | 2015 | The Company’s GAAP effective tax rates for 2015 and 2013 were affected by the tax benefits related to the Special Items as previously discussed. | [-0.03763672336935997, -0.013327524997293949, 0.016743186861276627, -0.04044659063220024, -0.015583151020109653, -0.003101485315710306, -0.01725875772535801, -0.030418721958994865, -0.022311359643936157, -0.014100882224738598, 0.017452098429203033, 0.017529433593153954, 0.0029661476146429777, 0.01800633780658245, -0.00... |
295 | MA | 2015 | During 2015, the Company’s unrecognized tax benefits related to tax positions taken during the current and prior periods decreased by $183 million. The decrease in the Company’s unrecognized tax benefits for 2015 was primarily due to settlements with tax authorities in multiple jurisdictions. Further, the information g... | [-0.03444163128733635, -0.0184954684227705, 0.009494860656559467, -0.04136117547750473, -0.013513918966054916, -0.0009372923523187637, -0.019171815365552902, -0.032178472727537155, -0.024387486279010773, -0.0071406555362045765, 0.035716284066438675, -0.003124849870800972, -0.002682623453438282, 0.018274355679750443, 0.... |
296 | MA | 2015 | In 2010, in connection with the expansion of the Company’s operations in the Asia Pacific, Middle East and Africa region, the Company’s subsidiary in Singapore, MasterCard Asia Pacific Pte. Ltd. (“MAPPL”), received an incentive grant from the Singapore Ministry of Finance. See Note 17 (Income Taxes) to the consolidated... | [-0.008204808458685875, -0.011252871714532375, 0.012395895086228848, -0.0558636412024498, -0.020850328728556633, 0.02542242407798767, -0.014793617650866508, 0.018840184435248375, -0.008237653411924839, -0.03823217377066612, 0.017749713733792305, 0.005117330234497786, -0.0052585662342607975, 0.0015667307889088988, 0.003... |
297 | MA | 2015 | We need liquidity and access to capital to fund our global operations, credit and settlement exposure, capital expenditures, investments in our business and current and potential obligations. The Company generates the cash required to meet these needs through operations. The following table summarizes the cash, cash eq... | [-0.026373449712991714, -0.01380364689975977, -0.0036244213115423918, -0.02295466884970665, -0.031206009909510612, 0.004578723572194576, -0.031771522015333176, 0.003920030314475298, -0.008064979687333107, -0.008579082787036896, 0.03331382945179939, 0.004087113309651613, -0.021078195422887802, -0.005478403065353632, 0.0... |
298 | MA | 2015 | 1 Investments include available-for-sale securities and held-to-maturity securities. At December 31, 2015, 2014 and 2013, this amount excludes restricted cash related to the U.S. merchant class litigation settlement of $541 million, $540 million and $723 million, respectively. | [-0.011075222864747047, -0.01929977908730507, -0.004314521327614784, -0.03004756011068821, -0.02568167634308338, 0.004783212207257748, -0.03035574033856392, -0.0015898562269285321, -0.006523145362734795, -0.014047876000404358, 0.02227885276079178, 0.012917882762849331, -0.004802473355084658, 0.014394579455256462, 0.005... |
299 | MA | 2015 | 2 Other than for business continuity planning, we did not use any funds from the line of credit during the periods presented. | [-0.015808528289198875, -0.0232967771589756, 0.016679557040333748, -0.007754758931696415, 0.008710291236639023, 0.004725657869130373, -0.0005074231885373592, -0.0006406776374205947, 0.0185256190598011, -0.011420881375670433, 0.03629721328616142, 0.023205775767564774, 0.013598454184830189, 0.002297826809808612, -0.01929... |
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