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Fair Value Measurements Fair Value Measurements (Details) - USD ($)
$ in Millions
Jun. 30, 2018
Sep. 30, 2017
Investments    
Equity securities $ 201 $ 226
Government debt securities 244 142
Corporate debt securities 452 373
Mortgage and asset-backed securities 48 49
Institutional mutual funds 88 94
Forward debt securities contracts 52 19
Private equity funds measured at net asset value(1) [1] 131 136
Private real estate funds measured at net asset value(1) [1] 117 113
Commingled funds measured at net asset value(1) [1] 1,391 1,451
Total investments 2,724 2,603
Commodity contract derivatives 27 10
Total 2,751 2,613
Liabilities    
Currency swaps [2] 85 103
Interest rate swaps 1,254 1,511
Commodity contract derivatives 31 70
Swap contracts [2]   1
Total 1,370 1,685
Fair Value, Inputs, Level 1    
Investments    
Equity securities 201 226
Government debt securities 197 100
Corporate debt securities 0 0
Mortgage and asset-backed securities 0 0
Institutional mutual funds 88 94
Forward debt securities contracts 0 0
Private equity funds measured at net asset value(1) [1] 0 0
Private real estate funds measured at net asset value(1) [1] 0 0
Commingled funds measured at net asset value(1) [1] 0 0
Total investments 486 420
Commodity contract derivatives 0 0
Total 486 420
Liabilities    
Currency swaps [2] 0 0
Interest rate swaps 0 0
Commodity contract derivatives 0 0
Swap contracts [2]   0
Total 0 0
Fair Value, Inputs, Level 2    
Investments    
Equity securities 0 0
Government debt securities 47 42
Corporate debt securities 452 373
Mortgage and asset-backed securities 48 49
Institutional mutual funds 0 0
Forward debt securities contracts 52 19
Private equity funds measured at net asset value(1) [1] 0 0
Private real estate funds measured at net asset value(1) [1] 0 0
Commingled funds measured at net asset value(1) [1] 0 0
Total investments 599 483
Commodity contract derivatives 5 8
Total 604 491
Liabilities    
Currency swaps [2] 85 103
Interest rate swaps 1,254 1,511
Commodity contract derivatives 14 1
Swap contracts [2]   1
Total 1,353 1,616
Fair Value, Inputs, Level 3    
Investments    
Equity securities 0 0
Government debt securities 0 0
Corporate debt securities 0 0
Mortgage and asset-backed securities 0 0
Institutional mutual funds 0 0
Forward debt securities contracts 0 0
Private equity funds measured at net asset value(1) [1] 0 0
Private real estate funds measured at net asset value(1) [1] 0 0
Commingled funds measured at net asset value(1) [1] 0 0
Total investments 0 0
Commodity contract derivatives 22 2
Total 22 2
Liabilities    
Currency swaps [2] 0 0
Interest rate swaps 0 0
Commodity contract derivatives 17 69
Swap contracts [2]   0
Total $ 17 $ 69
[1] Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets.
[2] Due to the right of setoff and method of settlement, TVA elects to record commodity derivatives under the FTP based on its net commodity position with the counterparty or FCM. Deposits are made to TVA's margin cash accounts held with each FCM to offset any net liability positions in full for derivatives that are transacted with FCMs. TVA records currency swaps net of cash collateral received from or paid to the counterparty, to the extent such amount is not recorded in Accounts payable and accrued liabilities. See Note 13 — Offsetting of Derivative Assets and Liabilities.