XML 97 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2

Debt and Other Obligations Debt and Other Obligations (Tables)

12 Months Ended

Sep. 30, 2016

Debt and Other Obligations [Abstract]

Schedule of short-term borrowings

The following table provides information regarding TVA's short-term borrowings:

	September 30
	2016				2015				2014
Amount outstanding - discount notes	$	1,407			$	1,034			$	596
Weighted average interest rate - discount notes	0.203		%		0.055		%		0.002		%

Debt Securities Activity

The table below summarizes the long-term debt securities activity for the period from October 1, 2014, to September 30, 2016.

Debt Securities Activity For the years ended September 30
		2016				2015
Issues
2015 Series A(1)		$	—			$	1,000
Discount on debt issues		—				(27		)
Total		$	—			$	973
Acquisitions
Notes payable(2)		$	78			$	—
Total		$	78			$	—
Redemptions/Maturities(3)
Variable interest entities		$	33			$	32
Notes payable		3				—
electronotes®		47				62
1998 Series D		—				50
1999 Series A		—				38
2005 Series B		—				1,000
2009 Series A		2				3
2009 Series B		27				27
Total		$	112			$	1,212

Notes

(1) The 2015 Series A bonds were issued at 97.31 percent of par.

(2) The related leaseback obligation of $70 million previously reported in Other liabilities in TVA's consolidated balance sheets was extinguished in the fourth quarter of 2016 as a result of the acquisition. See Note 8 for additional information.

(3) All redemptions were at 100 percent of par.

Debt Outstanding

Total debt outstanding at September 30, 2016, and 2015, consisted of the following:

Short-Term Debt At September 30
CUSIP or Other Identifier		Maturity		Call/(Put) Date		Coupon Rate		2016				2015
Short-term debt, net of discounts								$	1,407			$	1,034
Current maturities of long-term debt of variable interest entities issued at par								35				33
Current maturities of notes payable								27				—
Current maturities of power bonds issued at par
880591EE8		11/15/2015				2.250%		—				2
880591EF5		12/15/2016				3.770%		28				27
88059TEL1		11/15/2016				2.650%		3				3
880591DS8		12/15/2016				4.875%		524				—
880591EA6		7/18/2017				5.500%		1,000				—
Total current maturities of power bonds issued at par								1,555				32
Total current debt outstanding, net								$	3,024			$	1,099

Long-Term Debt(1) At September 30
CUSIP or Other Identifier		Maturity		Coupon Rate		Call Date		2016 Par				2015 Par				Stock Exchange Listings
electronotes®(2)		05/15/2020 - 02/15/2043		2.375 - 4.375%		2/15/2015 - 02/15/2018		$	278			$	325			None
880591DS8		12/15/2016		4.875%				—				524				New York
880591EA6		7/18/2017		5.500%				—				1,000				New York, Luxembourg
880591CU4		12/15/2017		6.250%				650				650				New York
880591EC2		4/1/2018		4.500%				1,000				1,000				New York, Luxembourg
880591EQ1		10/15/2018		1.750%				1,000				1,000				New York
880591EL2		2/15/2021		3.875%				1,500				1,500				New York
880591DC3		6/7/2021		5.805%	(3)			260				303				New York, Luxembourg
880591EN8		8/15/2022		1.875%				1,000				1,000				New York
880591ER9		9/15/2024		2.875%				1,000				1,000				New York
880591CJ9		11/1/2025		6.750%				1,350				1,350				New York, Hong Kong, Luxembourg, Singapore
880591300(4)		6/1/2028		3.550%				273				274				New York
880591409(4)		5/1/2029		3.360%				232				232				New York
880591DM1		5/1/2030		7.125%				1,000				1,000				New York, Luxembourg
880591DP4		6/7/2032		6.587%	(3)			324				378				New York, Luxembourg
880591DV1		7/15/2033		4.700%				472				472				New York, Luxembourg
880591EF5(5)		6/15/2034		3.770%				332				360				None
880591DX7		6/15/2035		4.650%				436				436				New York
880591CK6		4/1/2036		5.980%				121				121				New York
880591CS9		4/1/2036		5.880%				1,500				1,500				New York
880591CP5		1/15/2038		6.150%				1,000				1,000				New York
880591ED0		6/15/2038		5.500%				500				500				New York
880591EH1		9/15/2039		5.250%				2,000				2,000				New York
880591EP3		12/15/2042		3.500%				1,000				1,000				New York
880591DU3		6/7/2043		4.962%	(3)			195				227				New York, Luxembourg
880591CF7		7/15/2045		6.235%		7/15/2020		140				140				New York
880591EB4		1/15/2048		4.875%				500				500				New York, Luxembourg
880591DZ2		4/1/2056		5.375%				1,000				1,000				New York
880591EJ7		9/15/2060		4.625%				1,000				1,000				New York
880591ES7		9/15/2065		4.250%				1,000				1,000				New York
Subtotal								21,063				22,792

Unamortized discounts, premiums, issue costs, and other								(162		)		(175		)
Total long-term outstanding power bonds, net								20,901				22,617
Long-term debt of variable interest entities, net								1,199				1,233
Long-term notes payable								48				—
Total long-term debt, net								$	22,148			$	23,850

Notes

(1)  Includes net exchange gain (loss) from currency transactions of $150 million at September 30, 2016 and $21 million at September 30, 2015.

(2)  Includes one electronotes^® issue (88059TEL1) with partial maturities of principal for each required annual payment.

(3)  The coupon rate represents TVA’s effective interest rate.

(4)  TVA PARRS, CUSIP numbers 880591300 and 880591409, may be redeemed under certain conditions.  See Put and Call Options above.

(5)  These Bonds include partial maturities of principal for each required annual payment.

Maturities Due in the Year Ending September 30

Maturities Due in the Year Ending September 30
	2017				2018				2019				2020				2021				Thereafter				Total
Long-term power bonds, long-term debt of variable interest entities and notes payable including current maturities(1)	$	1,617			$	1,745			$	1,091			$	70			$	1,901			$	17,665			$	24,089
Short-term debt, net of discounts	1,407				—				—				—				—				—				1,407

Note

(1) Long-term power bonds does not include noncash items of foreign currency exchange gain of $150 million, unamortized debt issue costs of $62 million, and net discount on sale of Bonds of $100 million. Debt of VIEs does not include noncash item of unamortized debt issue costs of $12 million.

Summary of Long-Term Credit Facilities

The following table provides additional information regarding TVA's funding available in the form of three long-term revolving credit facilities:

Summary of Long-Term Credit Facilities At September 30, 2016 (in billions)
Maturity Date	Facility Limit				Letters of Credit Outstanding				Cash Borrowings				Availability
February 2020	$	0.5			$	0.5			$	—			$	—
June 2020	1.0				0.4				—				0.6
September 2020	1.0				0.5				—				0.5
Total	$	2.5			$	1.4			$	—			$	1.1

X

- Definition

Debt and Other Obligations

+ References

No definition available.

+ Details

Name:	tve_DebtAndOtherObligationsAbstract
Namespace Prefix:	tve_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of debt issues, redemptions, and maturities

+ References

No definition available.

+ Details

Name:	tve_DebtSecuritiesTableTextBlock
Namespace Prefix:	tve_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration