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Risk Management Activities and Derivative Transactions Risk Management Activities and Derivative Transactions - Offsetting of Derivative Liabilities (Details) - USD ($) $ in Millions | Sep. 30, 2016 | Sep. 30, 2015
--- | --- | ---
Offsetting Liabilities [Line Items] |  |  |
Gross Amounts of Recognized Liabilities, subject to master netting or similar arrangements |  | $ 2,145 | $ 1,839
Gross Amounts Offset in the Balance Sheet | [1] | 36 | 138
Net Amounts of Liabilities Presented in the Balance Sheet | [2] | 2,243 | 1,799
Total derivatives not subject to master netting or similar arrangement | [2] | 134 | 98
Total |  | 2,279 | 1,937
Currency Swap |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross Amounts of Recognized Liabilities, subject to master netting or similar arrangements | [3] | 162 | 47
Gross Amounts Offset in the Balance Sheet | [1],[3] | 0 | 0
Net Amounts of Liabilities Presented in the Balance Sheet | [2],[3] | 162 | 47
Interest Rate Contract |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross Amounts of Recognized Liabilities, subject to master netting or similar arrangements | [3] | 1,938 | 1,627
Gross Amounts Offset in the Balance Sheet | [1],[3] | 0 | 0
Net Amounts of Liabilities Presented in the Balance Sheet | [2],[3] | 1,938 | 1,627
Other Contract |  |  |
Offsetting Liabilities [Line Items] |  |  |
Gross Amounts of Recognized Liabilities, subject to master netting or similar arrangements |  | 45 | 165
Gross Amounts Offset in the Balance Sheet | [1] | 36 | 138
Net Amounts of Liabilities Presented in the Balance Sheet | [2] | 9 | 27
Total derivatives subject to master netting or similar arrangement |  |  |
Offsetting Liabilities [Line Items] |  |  |
Net Amounts of Liabilities Presented in the Balance Sheet | [2] | 2,109 | 1,701
Letter of Credit |  |  |
Offsetting Liabilities [Line Items] |  |  |
Amount of letters of credit outstanding |  | $ 1,400 | $ 1,100
[1] | Amounts primarily include counterparty netting of derivative contracts, margin account deposits for futures commission merchants transactions, and cash collateral received or paid in accordance with the accounting guidance for derivatives and hedging transactions.
[2] | There are no derivative contracts subject to a master netting arrangement or similar agreement which are not offset in the balance sheets.
[3] | Letters of credit of approximately $1.4 billion and $1.1 billion were posted as collateral at September 30, 2016 and September 30, 2015, respectively, to partially secure the liability positions of one of the currency swaps and one of the interest rate swaps in accordance with the collateral requirements for these derivatives. At September 30, 2016, TVA held no cash collateral in excess of collateral requirements. At September 30, 2015, TVA held $15 million of cash collateral in excess of collateral requirements. Cash collateral held in excess of collateral requirements is recorded in Restricted cash and investments with a corresponding obligation of the same amount recorded in Accounts payable and accrued liabilities.

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