Other Long-Term Liabilities

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, 2016		At September 30, 2016
Interest rate swap liabilities	$	1,497	$	1,938
Capital lease obligations	176		177
EnergyRight^® financing obligation	129		130
Environmental agreements liability	15		18
Currency swap liabilities	170		162
Membership interests of VIE subject to mandatory redemption	33		33
Commodity contract derivative liabilities	32		49
Regulatory liabilities	6		3
Commodity swap derivative liabilities	—		2
Other	366		264
Total other long-term liabilities	$	2,424	$	2,776

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 December 31, 2016, and September 30, 2016, the carrying amount of the financing obligation reported in Accounts payable and accrued liabilities was approximately $32 million and $33 million, respectively. See Note 5 for information regarding the associated loans receivable and for details regarding the EnergyRight^® Solutions program.