Inventories, Net

6 Months Ended

Mar. 31, 2012

The table below summarizes the types and amounts of TVA’s inventories:



Inventories, Net
	At March 31, 2012			At September 30, 2011
Fuel inventory	$	603		$	489
Materials and supplies inventory	585			555
Emission allowance inventory	12			11
Allowance for inventory obsolescence	(29		)	(27		)
Inventories, net	$	1,171		$	1,028

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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