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

12 Months Ended

Sep. 30, 2025

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

Other Current Assets

6. Other Current Assets

Other current assets consisted of the following:

Other Current Assets  At September 30 (in millions)
	2025		2024(1)
Inventory work-in-progress	$	69	$	41
Prepaid software maintenance	25		22
Prepaid insurance	16		19
Current portion of prepaid long-term service agreements	16		7
Commodity contract derivative assets	14		5
Prepaid dues & fees	7		6
Cloud assets	3		13
Other	12		7
Other current assets	$	162	$	120

Note

(1) At September 30, 2024, $6 million previously classified as Other (a component of Other current assets) has been reclassified to Prepaid dues & fees (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 16 — 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.