Restructuring

As part of cost reduction initiatives, an organizational restructuring occurred in 2014, which resulted in approximately 2,000 position reductions achieved through attrition, elimination of vacant positions, and employees leaving TVA either voluntarily or involuntarily. In May 2015, TVA announced an additional limited reduction in force for selected business units of approximately 200 positions. Certain employees were eligible for severance payments as a result of these cost reduction initiatives. These severance amounts are included in Accounts payable and accrued liabilities and Other long-term liabilities, as applicable, on the consolidated balance sheets. The restructuring expenses are included in Operating and maintenance on the consolidated statements of operations. The table below summarizes the activity related to severance costs:



Severance Cost Liability Activity For the years ended September 30
	2015			2014
Severance cost liability at beginning of period	$	45		$	—
Liabilities incurred during the period	9			65
Actual costs paid during the period	(45		)	(20		)
Adjustments to estimate during the period	(1		)	—
Severance cost liability at end of period	$	8		$	45