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Fair Value Measurements Fair Value Measurements (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Sep. 30, 2012
Investments    
Interest rate swaps $ 1,609 $ 1,723
Fair Value, Inputs, Level 1
   
Investments    
Commodity contract derivatives 0 0
Swap contracts 0 0
Currency swaps 0 0
Interest rate swaps 0 0
Total 0 0
Fair Value, Inputs, Level 2
   
Investments    
Commodity contract derivatives 0 0
Swap contracts 364 351
Currency swaps 34 54
Interest rate swaps 1,609 1,723
Total 2,007 2,128
Fair Value, Inputs, Level 3
   
Investments    
Commodity contract derivatives 335 386
Swap contracts 0 0
Currency swaps 0 0
Interest rate swaps 0 0
Total 335 386
Netting
   
Investments    
Commodity contract derivatives 0 [1] 0 [1]
Swap contracts (120) [1] (115) [1]
Currency swaps 0 [1] 0 [1]
Interest rate swaps 0 [1] 0 [1]
Total (120) [1] (115) [1]
Liabilities, Total
   
Investments    
Commodity contract derivatives 335 386
Swap contracts 244 236
Currency swaps 34 54
Interest rate swaps 1,609 1,723
Total 2,222 2,399
Fair Value, Inputs, Level 1
   
Investments    
Equity securities 135 173
U.S. government corporations and agencies 74 59
Corporate debt securities 0 0
Residential mortgage-backed securities 0 0
Commercial mortgage-backed securities 0 0
Collateralized debt obligations 0 0
Private partnerships 0 0
Equity security commingled funds 0 [2] 0 [2]
Debt security commingled funds 0 [2] 0 [2]
Total investments 209 232
Currency swaps 0 0
Commodity contract derivatives 0 0
Swap contracts 0 0
Total 209 232
Fair Value, Inputs, Level 2
   
Investments    
Equity securities 0 0
U.S. government corporations and agencies 97 103
Corporate debt securities 207 197
Residential mortgage-backed securities 12 20
Commercial mortgage-backed securities 15 6
Collateralized debt obligations 14 12
Private partnerships 0 0
Equity security commingled funds 657 [2] 657 [2]
Debt security commingled funds 211 [2] 182 [2]
Total investments 1,213 1,177
Currency swaps 34 21
Commodity contract derivatives 0 0
Swap contracts 124 123
Total 1,371 1,321
Fair Value, Inputs, Level 3
   
Investments    
Equity securities 0 0
U.S. government corporations and agencies 0 0
Corporate debt securities 0 0
Residential mortgage-backed securities 0 0
Commercial mortgage-backed securities 0 0
Collateralized debt obligations 0 0
Private partnerships 66 53
Equity security commingled funds 0 [2] 0 [2]
Debt security commingled funds 0 [2] 0 [2]
Total investments 66 53
Currency swaps 0 0
Commodity contract derivatives 111 119
Swap contracts 0 0
Total 177 172
Netting
   
Investments    
Equity securities 0 [1] 0 [1]
U.S. government corporations and agencies 0 [1] 0 [1]
Corporate debt securities 0 [1] 0 [1]
Residential mortgage-backed securities 0 [1] 0 [1]
Commercial mortgage-backed securities 0 [1] 0 [1]
Collateralized debt obligations 0 [1] 0 [1]
Private partnerships 0 [1] 0 [1]
Equity security commingled funds 0 [1],[2] 0 [1],[2]
Debt security commingled funds 0 [1],[2] 0 [1],[2]
Total investments 0 [1] 0 [1]
Currency swaps 0 [1] 0 [1]
Commodity contract derivatives 0 [1] 0 [1]
Swap contracts (120) [1] (115) [1]
Total (120) [1] (115) [1]
Assets, Total
   
Investments    
Equity securities 135 173
U.S. government corporations and agencies 171 162
Corporate debt securities 207 197
Residential mortgage-backed securities 12 20
Commercial mortgage-backed securities 15 6
Collateralized debt obligations 14 12
Private partnerships 66 53
Equity security commingled funds 657 [2] 657 [2]
Debt security commingled funds 211 [2] 182 [2]
Total investments 1,488 1,462
Currency swaps 34 21
Commodity contract derivatives 111 119
Swap contracts 4 8
Total $ 1,637 $ 1,610
[1] Due to the right of setoff and method of settlement, TVA elects to record commodity derivatives under the FTP based on its net commodity position with the counterparty or broker.
[2] Commingled funds represent investment funds comprising multiple individual financial instruments and are classified in the table based on their existing investment portfolio as of the measurement date. Commingled funds exclusively composed of one class of security are classified in that category. Commingled funds comprising multiple classes of securities are classified as “other commingled funds.”