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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Net income (loss) $ 456,000,000 $ 255,000,000 $ 640,000,000 $ 447,000,000
Other comprehensive income (loss)        
Net unrealized gain (loss) on cash flow hedges 22,000,000 (163,000,000) 123,000,000 (87,000,000)
Reclassification to earnings from cash flow hedges (5,000,000) 56,000,000 [1] (50,000,000) [1] (3,000,000) [1]
Total other comprehensive income (loss) 17,000,000 (107,000,000) 73,000,000 (90,000,000)
Total comprehensive income (loss) $ 473,000,000 $ 148,000,000 $ 713,000,000 $ 357,000,000
[1] There were no amounts excluded from effectiveness testing for any of the periods presented. Based on forecasted foreign currency exchange rates, TVA expects to reclassify approximately $19 million of gains from AOCI to Interest expense within the next 12 months to offset amounts anticipated to be recorded in Interest expense related to exchange gain on the debt.