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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5
false63us-gaap_LossContingencySettlementAgreementTermsus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabelfalse1falsefalsefalsefalse00The amount of each quarterly payment is contingent on the performance of American Express’s U.S. Global Network Services business. The quarterly payments will be in an amount equal to 15% of American Express’s U.S. Global Network Services billings during the quarter, up to a maximum of $150 million per quarter. If, however, the payment for any quarter is less than $150 million, the maximum payment for subsequent quarters will be increased by the difference between $150 million and the lesser amount that was paid in any quarter in which there was a shortfall. MasterCard has assumed American Express will achieve these financial hurdles.The amount of each quarterly payment is contingent on the performance of American Express’s U.S. Global Network Services business. The quarterly payments willfalsefalsefalse2falsefalsefalsefalse00falsefalsefalse3falsefalsefalsefalse00truefalsefalse4falsefalsefalsefalse00In October 2008, MasterCard and Visa entered into a settlement agreement with Discover (the “Discover Settlement”), ending all litigation between the parties for a total of approximately $2.8 billion.In October 2008, MasterCard and Visa entered into a settlement agreement with Discover (the “Discover Settlement”), ending all litigation between the partiestruefalsefalse5falsefalsefalsefalse00truefalsefalse6falsefalsefalsefalse00truefalsefalse7falsefalsefalsefalse00truefalsefalse8falsefalsefalsefalse00truefalsefalse9falsefalsefalsefalse00truefalsefalse10falsefalsefalsefalse00The decision did not impose a fine on MasterCard, but provides for a daily penalty of up to 3.5% of MasterCard’s daily consolidated global turnover in the preceding business year (which MasterCard estimates to be approximately $0.5 million U.S. per day) in the event that MasterCard fails to comply.The decision did not impose a fine on MasterCard, but provides for a daily penalty of up to 3.5% of MasterCard’s daily consolidated global turnover in thetruefalsefalse11falsefalsefalsefalse00truefalsefalsexbrli:stringItemTypestringDescription of the terms of a settlement agreement which resolved the legal matter, including amount and timing of payment, and the nature of rights obtained or lost (such as patent, trademark, copyright, license and franchise rights).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 27
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
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