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Deferred Costs, Capitalized, Prepaid, and Other Assets - Text Block

12 Months Ended

Sep. 30, 2024

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

5. Other Current Assets

Other current assets consisted of the following:


Other Current Assets At September 30 (in millions)
	2024		2023(1)
Inventory work-in-progress	$	41	$	28
Prepaid software maintenance	22		18
Prepaid insurance	19		16
Prepaid cloud assets	13		7
Current portion of prepaid long-term service agreements	7		25
Commodity contract derivative assets	5		21
Other	13		19
Other current assets	$	120	$	134

Note

(1) At September 30, 2023, $7 million previously classified as Other (a component of Other current assets) has been reclassified to Prepaid cloud assets (a component of Other current assets) to conform to 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 15 — Risk Management Activities and Derivative Transactions — Derivatives Not Receiving Hedge Accounting Treatment — Commodity Derivatives and — Commodity Derivatives under the FHP for a discussion of TVA's commodity contract derivatives.