Company: TVC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001376986-25-000044
Chunk: 449

Company: Tennessee Valley Authority
Filing Date: 2025-07-29
Form: 10-Q
Item: Part II, Item 5
Chunk 449
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$55 

18.  Supplemental Cash Flow Information 

Construction in progress and nuclear fuel expenditures included in Accounts payable and accrued liabilities at June 30, 2025 and 2024, were $961 million and $703 million, respectively, and are excluded from the Consolidated Statements of Cash Flows for the nine months ended June 30, 2025 and 2024 as non-cash investing activities.  ARO project accruals included in Accounts payable and accrued liabilities at June 30, 2025 and 2024, were $41 million and $46 million, respectively, and are excluded from the Consolidated Statements of Cash Flows for the nine months ended June 30, 2025 and 2024, as non-cash operating activities.Cash flows from swap contracts that are accounted for as hedges are classified in the same category as the item beinghedged or on a basis consistent with the nature of the instrument.

19.  Benefit Plans 

TVA sponsors a pension plan that covers most of its full-time employees hired before July 1, 2014, a qualified defined contribution plan ("401(k) plan") that covers most of its full-time employees, two unfunded post-retirement health care plans that provide for non-vested contributions toward the cost of eligible retirees' medical coverage, other post-employment benefits, such as workers' compensation, the SERP, and the RP.  The pension plan and the 401(k) plan are administered by a separate legal entity, the TVA Retirement System ("TVARS"), which is governed by its own board of directors.The components of net periodic benefit cost for the three and nine months ended June 30, 2025 and 2024, were as follows:Components of Net Periodic Benefit Cost(1)(in millions) For the Three Months Ended June 30For the Nine Months Ended June 30 Pension BenefitsOther Post-Retirement BenefitsPension BenefitsOther Post-Retirement Benefits 20252024202520242025202420252024Service cost$8 $7 $3 $3 $24 $22 $9 $8 Interest cost131 145 3 4 394 434 12 15 Expected return on plan assets(126)(123)— — (379)(370)— — Amortization of prior service credit(22)(22)(4)(4)(67)(67)(13)(