Other Long-Term Liabilities

9 Months Ended

Jun. 30, 2014

Other Liabilities, Noncurrent [Abstract]

Other long-term liabilities consist primarily of liabilities related to certain derivative instruments as well as liabilities under agreements related to compliance with certain environmental regulations (see Note 18 — Legal Proceedings — Environmental Agreements). The table below summarizes the types and amounts of Other long-term liabilities:



Other Long-Term Liabilities
	At June 30, 2014		At September 30, 2013
Interest rate swap liabilities	$	1,289	$	1,199
Environmental agreements liability	139		190
EnergyRight^® purchase obligation	150		149
Coal contract derivative liabilities	53		35
Membership interests of VIE subject to mandatory redemption	37		38
Commodity swap derivative liabilities	18		36
Currency swap liabilities	2		15
Other	223		199
Total other long-term liabilities	$	1,911	$	1,861

TVA purchases certain loans receivable from its LPCs in association with the EnergyRight^® Solutions program. The loans receivable are then transferred to a third-party bank with which TVA has agreed to repay in full any loan receivable that has been in default for 180 days or more or that TVA has determined is uncollectible. Given this continuing involvement, TVA accounts for the transfer of the loans receivable as secured borrowings. The current and long-term portions of the resulting financing obligation are reported in Accounts payable and accrued liabilities and Other long-term liabilities, respectively, on TVA’s Consolidated Balance Sheets. As of June 30, 2014 and September 30, 2013, the carrying amount of the financing obligation reported in Accounts payable and accrued liabilities was approximately $37 million. See Note 6 for information regarding the associated loans receivable.