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Deferred Costs, Capitalized, Prepaid, and Other Assets (Text Block)

9 Months Ended

Jun. 30, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other current assets consisted of the following:


Other Current Assets (in millions)
	At June 30, 2023		At September 30, 2022(1)
Commodity contract derivative assets	$	21	$	172
Prepaid software maintenance	28		14
Prepaid insurance	26		16
Current portion of prepaid long-term service agreements	22		12
Other	64		43
Other current assets	$	161	$	257

Note

(1) At September 30, 2022, $14 million, $16 million, and $12 million previously classified as Other (a component of Other current assets) have been reclassified to Prepaid software maintenance (a component of Other current assets), Prepaid insurance (a component of Other current assets), and Current portion of prepaid long-term service agreements (a component of Other current assets), respectively, to conform with current year presentation.

Commodity Contract Derivative Assets. TVA enters into certain derivative contracts for natural gas that require physical delivery of the contracted quantity of the commodity as well as certain financial derivative contracts to hedge exposure to the price of natural gas. Commodity contract derivative assets classified as current include deliveries or settlements that will occur within 12 months or less. See Note 13 — Risk Management Activities and Derivative Transactions — Derivatives Not Receiving Hedge Accounting Treatment — Commodity Contract Derivatives and — Commodity Derivatives under the FHP for a discussion of TVA's commodity contract derivatives.