Other Long-Term Liabilities

3 Months Ended

Dec. 31, 2015

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 16 — Legal Proceedings — Environmental Agreements). The table below summarizes the types and amounts of Other long-term liabilities:



Other Long-Term Liabilities
	At December 31, 2015		At September 30, 2015
Interest rate swap liabilities	$	1,538	$	1,627
EnergyRight^® financing obligation	146		148
Environmental agreements liability	41		55
Currency swap liabilities	58		47
Membership interests of VIE subject to mandatory redemption	35		35
Commodity contract derivative liabilities	46		17
Commodity swap derivative liabilities	9		10
Other	276		280
Total other long-term liabilities	$	2,149	$	2,219

EnergyRight^®Financing Obligation. TVA purchases certain loans receivable from its LPCs in association with the EnergyRight^® Solutions program. 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 both December 31, 2015 and September 30, 2015, the carrying amount of the financing obligation reported in Accounts payable and accrued liabilities was approximately $37 million. See Note 5 for information regarding the associated loans receivable and for details regarding the EnergyRight^® Solutions program.