Employee Retirement Plans (Tables)

12 Months Ended

Sep. 30, 2012

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Change in Pension Benefits and Other postretirement benefits Obligations, plan assets, and the funded status

The following table provides a reconciliation of the projected benefit obligations (“PBOs”) of the U.S. Pension Plan and the Antargaz pension plans, the accumulated benefit obligations (“ABOs”) of our other postretirement benefit plans, plan assets, and the funded status of pension and other postretirement plans as of September 30, 2012 and 2011. ABO is the present value of benefits earned to date with benefits based upon current compensation levels. PBO is ABO increased to reflect estimated future compensation.

	Pension Benefits						Other Postretirement Benefits
	2012			2011			2012			2011
Change in benefit obligations:
Benefit obligations — beginning of year	$	462.9		$	471.8		$	20.5		$	22.9
Service cost	9.3			8.8			0.4			0.4
Interest cost	25.1			24.1			1.1			1.1
Actuarial loss (gain)	82.4			(22.0		)	3.2			(2.4		)
Plan amendments	0.1			—			1.0			(0.1		)
Acquisitions	14.6			—			—			—
Foreign currency	(0.7		)	(0.1		)	(0.1		)	—
Benefits paid	(20.3		)	(19.7		)	(1.4		)	(1.4		)
Benefit obligations — end of year	$	573.4		$	462.9		$	24.7		$	20.5
Change in plan assets:
Fair value of plan assets — beginning of year	$	290.0		$	287.9		$	9.8		$	10.0
Actual gain on plan assets	51.2			2.6			1.7			0.1
Foreign currency	(0.5		)	—			—			—
Employer contributions	32.2			19.2			1.1			1.1
Acquisitions	17.3			—			—			—
Benefits paid	(20.3		)	(19.7		)	(1.4		)	(1.4		)
Fair value of plan assets — end of year	$	369.9		$	290.0		$	11.2		$	9.8
Funded status of the plans — end of year	$	(203.5	)	$	(172.9	)	$	(13.5	)	$	(10.7	)
(Liabilities) recorded in the balance sheet:
Unfunded liabilities — included in other current liabilities	$	(15.8	)	$	(27.6	)	$	(0.6	)	$	(0.6	)
Unfunded liabilities — included in other noncurrent liabilities	(187.7		)	(145.3		)	(12.9		)	(10.1		)
Net amount recognized	$	(203.5	)	$	(172.9	)	$	(13.5	)	$	(10.7	)
Amounts recorded in UGI Corporation stockholders’ equity (pre-tax):
Prior service credit	$	(0.1	)	$	(0.2	)	$	(0.1	)	$	(0.1	)
Net actuarial loss (gain)	25.3			13.6			0.4			(0.8		)
Total	$	25.2		$	13.4		$	0.3		$	(0.9	)
Amounts recorded in regulatory assets and liabilities (pre-tax):
Prior service cost (credit)	$	1.5		$	1.8		$	(2.8	)	$	(3.2	)
Net actuarial loss	184.5			146.9			5.8			6.3
Total	$	186.0		$	148.7		$	3.0		$	3.1

Actuarial assumptions for our domestic plans

The expected rate of return on assets assumption is based on the current and expected asset allocations as well as historical and expected returns on various categories of plan assets (as further described below).

	Pension Plan								Other Postretirement Benefits
	2012		2011 (a)		2010		2009		2012		2011		2010		2009
Weighted-average assumptions:
Discount rate	4.20	%	5.30	%	5.00	%	5.50	%	4.20	%	5.30	%	5.00	%	5.50	%
Expected return on plan assets	7.75	%	8.00	%	8.50	%	8.50	%	5.20	%	5.50	%	5.50	%	5.50	%
Rate of increase in salary levels	3.25	%	3.50	%	3.75	%	3.75	%	3.25	%	3.50	%	3.75	%	3.75	%

______________

(a) The discount rates used during Fiscal 2011 to calculate pension expense were rates of 5.0% through December 31, 2010 (the date of the U.S. Pension Plans Merger) and 5.5% for the remainder of Fiscal 2011.

Component of net periodic pension expense and other postretirement benefit costs

Net periodic pension expense and other postretirement benefit cost includes the following components:

	Pension Benefits									Other Postretirement Benefits
	2012			2011			2010			2012			2011			2010
Service cost	$	9.3		$	8.8		$	8.7		$	0.4		$	0.4		$	0.4
Interest cost	25.1			24.1			23.5			1.1			1.1			1.1
Expected return on assets	(26.2		)	(25.8		)	(25.8		)	(0.5		)	(0.5		)	(0.5		)
Curtailment gain	—			—			—			—			(3.2		)	—
Settlement loss	—			—			1.0			—			—			—
Amortization of:
Prior service cost (benefit)	0.2			0.2			—			(0.3		)	(0.7		)	(0.4		)
Actuarial loss	8.4			7.5			5.9			0.3			0.4			0.1
Net benefit cost (income)	16.8			14.8			13.3			1.0			(2.5		)	0.7
Change in associated regulatory liabilities	—			—			—			3.2			3.1			3.1
Net benefit cost after change in regulatory liabilities	$	16.8		$	14.8		$	13.3		$	4.2		$	0.6		$	3.8

Expected payments for pension benefits and other postretirement welfare benefits

Expected payments for pension benefits and for other postretirement welfare benefits are as follows:

	Pension Benefits		Other Postretirement Benefits
Fiscal 2013	$	22.3	$	1.9
Fiscal 2014	23.3		1.9
Fiscal 2015	24.6		1.9
Fiscal 2016	27.4		1.9
Fiscal 2017	28.0		1.8
Fiscal 2018 - 2022	158.0		8.7

Pension Plans

The targets, target ranges and actual allocations for the U.S. Pension Plan and VEBA trust assets at September 30 are as follows:

U.S. Pension Plan

	Actual				Target Asset Allocation		Permitted Range
	2012		2011
Equity investments:
Domestic	53.5	%	49.4	%	52.5	%	40.0% - 65.0%
International	10.5	%	10.7	%	12.5	%	7.5% - 17.5%
Total	64.0	%	60.1	%	65.0	%	60.0% - 70.0%
Fixed income funds & cash equivalents	36.0	%	39.9	%	35.0	%	30.0% - 40.0%
Total	100.0	%	100.0	%	100.0	%

VEBA

	Actual				Target Asset Allocation		Permitted Range
	2012		2011
Domestic equity investments	68.5	%	62.2	%	65.0	%	60.0% - 70.0%
Fixed income funds & cash equivalents	31.5	%	37.8	%	35.0	%	30.0% - 40.0%
Total	100.0	%	100.0	%	100.0	%

Fair value of U.S. pension plan and VEBA trust assets

The fair values of the U.S. Pension Plan and VEBA trust assets at September 30, 2012 and 2011, by asset class are as follows:

	U.S. Pension Plan
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
September 30, 2012:
Equity investments:
Domestic	$	188.2	$	—	$	—	$	188.2
International	36.9		—		—		36.9
Fixed income	123.3		—		—		123.3
Cash equivalents	—		3.1		—		3.1
Total	$	348.4	$	3.1	$	—	$	351.5
September 30, 2011:
Equity investments:
Domestic	$	143.1	$	—	$	—	$	143.1
International	31.0		—		—		31.0
Fixed income	113.6		—		—		113.6
Cash equivalents	—		2.0		—		2.0
Total	$	287.7	$	2.0	$	—	$	289.7

	VEBA
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total
September 30, 2012:
Domestic equity	$	7.7	$	—	$	—	$	7.7
Fixed income	3.4		—		—		3.4
Cash equivalents	—		0.1		—		0.1
Total	$	11.1	$	0.1	$	—	$	11.2
September 30, 2011:
Domestic equity	$	6.1	$	—	$	—	$	6.1
Fixed income	3.3		—		—		3.3
Cash equivalents	—		0.4		—		0.4
Total	$	9.4	$	0.4	$	—	$	9.8