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Foreign Exchange Risk Management (Tables)
 9 Months Ended
Sep. 30, 2018
Foreign Currency Derivatives [Abstract]  
Derivative contract summary
Mastercard’s derivative contracts are summarized below:
 
September 30, 2018
 
December 31, 2017
 
Notional
 
Estimated Fair
Value
 
Notional
 
Estimated Fair
Value
 
(in millions)
Commitments to purchase foreign currency
$
51

 
$
(1
)
 
$
27

 
$
—

Commitments to sell foreign currency
969

 
24

 
968

 
(26
)
Options to sell foreign currency
28

 
9

 
27

 
2

Balance sheet location
 
 
 
 
 
 
 
Accounts receivable 1
 
 
$
—

 
 
 
$
6

Prepaid expenses and other current assets 1
 
 
37

 
 
 
—

Other current liabilities 1
 
 
(5
)
 
 
 
(30
)

1 The derivative contracts are subject to enforceable master netting arrangements, which contain various netting and setoff provisions.
Gain (loss) recognized in income for the contracts to purchase and sell foreign currency summary
The amount of gain (loss) recognized in income for the contracts to purchase and sell foreign currency is summarized below: 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
(in millions)
Foreign currency derivative contracts
 
 
 
 
 
 
 
General and administrative
$
13

 
$
(20
)
 
$
48

 
$
(65
)