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Debt and Other Obligations (Tables) | 3 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Debt Outstanding | Total debt outstanding at December 31, 2015, and September 30, 2015, consisted of the following:
Debt Outstanding
| At December 31, 2015 |  | At September 30, 2015
Short-term debt |  |  |
Short-term debt, net | $ | 1,504 |  |  | $ | 1,034 |
Current maturities of long-term debt of variable interest entities | 33 |  |  | 33 |
Current maturities of power bonds | 554 |  |  | 32 |
Total current debt outstanding, net | 2,091 |  |  | 1,099 |
Long-term debt |  |  |  |  |
Long-term debt of variable interest entities | 1,246 |  |  | 1,246 |
Long-term power bonds(1) | 22,242 |  |  | 22,792 |
Unamortized discounts, premiums, issue costs, and other | (184 | ) |  | (188 | )
Total long-term debt, net | 23,304 |  |  | 23,850 |
Total outstanding debt | $ | 25,395 |  |  | $ | 24,949 |
Note (1) Includes net exchange gain from currency transactions of $44 million at December 31, 2015 and $21 million at September 30, 2015.
Debt Securities Activity | The table below summarizes the long-term debt securities activity for the period from October 1, 2015, to December 31, 2015:
Debt Securities Activity
|  | Date |  | Amount |  | Interest Rate
Redemptions/Maturities |  |  |  |  |  |
electronotes® |  | First Quarter 2016 |  | $ | 1 |  |  | 2.65 | %
2009 Series A |  | November 2015 |  | 2 |  |  | 2.25 | %
2009 Series B |  | December 2015 |  | 1 |  |  | 3.77 | %
Total redemptions/maturities of power bonds |  |  |  | 4 |  |  |  |
Total redemptions/maturities of debt |  |  |  | $ | 4 |  |  |  |
Note (1) All redemptions were at 100 percent of par.
Credit Facility Agreements |
Summary of Long-Term Credit Facilities | The following table provides additional information regarding TVA's funding available in the form of three long-term credit facilities:
Summary of Long-Term Credit Facilities At December 31, 2015 (in billions)
Maturity Date | Facility Limit |  | Letters of Credit Outstanding |  | Cash Borrowings |  | Availability
February 2020 | $ | 0.5 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | — |
June 2020 | 1.0 |  |  | 0.3 |  |  | — |  |  | 0.7 |
September 2020 | 1.0 |  |  | 0.3 |  |  | — |  |  | 0.7 |
Total | $ | 2.5 |  |  | $ | 1.1 |  |  | $ | — |  |  | $ | 1.4 |

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- 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
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