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Fair Value Measurements Fair Value Measurements (Details) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Sep. 30, 2012
Investments    
Interest rate swaps $ 1,510 $ 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 258 351
Currency swaps 63 54
Interest rate swaps 1,510 1,723
Total 1,831 2,128
Fair Value, Inputs, Level 3
   
Investments    
Commodity contract derivatives 155 386
Swap contracts 0 0
Currency swaps 0 0
Interest rate swaps 0 0
Total 155 386
Netting
   
Investments    
Commodity contract derivatives 0 [1] 0 [1]
Swap contracts (91) [1] (115) [1]
Currency swaps 0 [1] 0 [1]
Interest rate swaps 0 [1] 0 [1]
Total (91) [1] (115) [1]
Liabilities, Total
   
Investments    
Commodity contract derivatives 155 386
Swap contracts 167 236
Currency swaps 63 54
Interest rate swaps 1,510 1,723
Total 1,895 2,399
Fair Value, Inputs, Level 1
   
Investments    
Equity securities 146 173
U.S. government corporations and agencies 68 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 214 232
Currency swaps 0 0
Commodity contract derivatives 0 0
Swap contracts 0 0
Total 214 232
Fair Value, Inputs, Level 2
   
Investments    
Equity securities 0 0
U.S. government corporations and agencies 85 103
Corporate debt securities 241 197
Residential mortgage-backed securities 15 20
Commercial mortgage-backed securities 10 6
Collateralized debt obligations 18 12
Private partnerships 0 0
Equity security commingled funds 728 [2] 657 [2]
Debt security commingled funds 119 [2] 182 [2]
Total investments 1,216 1,177
Currency swaps 14 21
Commodity contract derivatives 0 0
Swap contracts 97 123
Total 1,327 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 137 53
Equity security commingled funds 0 [2] 0 [2]
Debt security commingled funds 0 [2] 0 [2]
Total investments 137 53
Currency swaps 0 0
Commodity contract derivatives 7 119
Swap contracts 0 0
Total 144 172
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 (91) [1] (115) [1]
Total (91) [1] (115) [1]
Assets, Total
   
Investments    
Equity securities 146 173
U.S. government corporations and agencies 153 162
Corporate debt securities 241 197
Residential mortgage-backed securities 15 20
Commercial mortgage-backed securities 10 6
Collateralized debt obligations 18 12
Private partnerships 137 53
Equity security commingled funds 728 [2] 657 [2]
Debt security commingled funds 119 [2] 182 [2]
Total investments 1,567 1,462
Currency swaps 14 21
Commodity contract derivatives 7 119
Swap contracts 6 8
Total $ 1,594 $ 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.”