Company: TVC
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001376986-25-000011
Chunk: 250

Company: Tennessee Valley Authority
Filing Date: 2025-02-05
Form: 10-Q
Item: Part II, Item 3
Chunk 250
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Identical Assets(Level 1)Significant OtherObservable Inputs(Level 2)SignificantUnobservableInputs(Level 3)TotalAssetsInvestments    Equity securities$770 $— $— $770 Government debt securities(1)(2)400 57 — 457 Corporate debt securities(3)— 378 — 378 Mortgage and asset-backed securities— 43 — 43 Institutional mutual funds342 — — 342 Forward debt securities contracts— 11 — 11 Cash equivalents and other short-term investments(2)(4)95 183 — 278 Private equity funds measured at net asset value(5)— — — 738 Private real asset funds measured at net asset value(5)— — — 432 Private credit funds measured at net asset value(5)— — — 219 Commingled funds measured at net asset value(5)— — — 1,300 Total investments1,607 672 — 4,968 Commodity contract derivatives— 7 — 7 Total$1,607 $679 $— $4,975 Quoted Prices in Active Markets forIdentical Liabilities(Level 1)Significant OtherObservable Inputs(Level 2)SignificantUnobservableInputs(Level 3)TotalLiabilitiesCurrency swaps(6)$— $116 $— $116 Interest rate swaps— 840 — 840 Commodity contract derivatives— 5 — 5 Commodity derivatives under the FHP— 161 — 161 Total$— $1,122 $— $1,122 Notes(1)  Includes obligations of government-sponsored entities.(2)  There are $400 million of U.S. Treasury securities in Level 1 Government debt securities and $95 million of U.S. Treasury securities in Level 1 Cash equivalents and other short-term investments for a total of $495 million of U.S. Treasury securities within Level 1 of the fair value hierarchy.(3)  Includes both U.S. and foreign debt.(4)  Includes $78 million net payables (interest receivable, dividends receivable, receivables for investments sold, and payables for investments purchased), and $174 million of repurchase agreements in Level 2 Cash equivalents and other short-term investments.(5)  Certain investments that are measured at