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Supplemental Cash Flow Information
12 Months Ended
Sep. 30, 2014
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information
Supplemental Cash Flow Information

Interest paid was $1.3 billion, $1.3 billion, and $1.4 billion in 2014, 2013, and 2012, respectively. These amounts differ from interest expense due to the timing of payments and interest capitalized of $175 million in 2014, $168 million in 2013, and $171 million in 2012 as a part of major capital expenditures. 

Construction in progress and Nuclear fuel expenditures included in Accounts payable and accrued liabilities at September 30, 2014, 2013, and 2012 were $391 million, $270 million, and $204 million, respectively, and are excluded from the Statements of Consolidated Cash Flows for the years ended 2014, 2013, and 2012 as non-cash investing activities.  In November 2013, in accordance with the regulated operations property, plant and equipment accounting guidance, the TVA Board approved the treatment of all amounts currently included in Construction in progress related to Bellefonte as a regulatory asset. Bellefonte amounts included in Construction expenditures for 2013 and 2012 were $162 million and $212 million, respectively.

TVA had non-cash activity related to financing activities on the 2014, 2013, and 2012 Consolidated Statements of Cash Flows related to capital leases of $70 million, $20 million, and $6 million, respectively.

Cash flows from futures contracts, forward contracts, option contracts, and swap contracts that are accounted for as hedges are classified in the same category as the item being hedged or on a basis consistent with the nature of the instrument.