Significant Accounting Policies (Policies)

6 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Restricted Cash

Restricted Cash. Restricted cash principally represents those cash balances in our commodity futures brokerage accounts that are restricted from withdrawal.

Earnings Per Common Share

Earnings Per Common Share. Basic earnings per share attributable to UGI Corporation shareholders reflect the weighted-average number of common shares outstanding. Diluted earnings per share attributable to UGI Corporation include the effects of dilutive stock options and common stock awards.

Shares used in computing basic and diluted earnings per share are as follows:

	Three Months Ended March 31,		Six Months Ended March 31,
	2014	2013	2014	2013
Denominator (thousands of shares):
Average common shares outstanding for basic computation	115,173	113,709	114,996	113,416
Incremental shares issuable for stock options and awards	1,574	1,490	1,530	1,413
Average common shares outstanding for diluted computation	116,747	115,199	116,526	114,829

Comprehensive Income

Comprehensive Income. Comprehensive income comprises net income and other comprehensive income. Other comprehensive income principally comprises (1) gains and losses on derivative instruments qualifying as cash flow hedges, net of reclassifications to net income; (2) actuarial gains and losses on postretirement benefit plans, net of associated amortization; and (3) foreign currency translation and intracompany transaction adjustments.

Changes in accumulated other comprehensive income (“AOCI”) during the three and six months ended March 31, 2014, are as follows:

Three Months Ended March 31, 2014:	Postretirement			Derivative			Foreign
	Benefit Plans			Instruments			Currency			Total
Balance, December 31, 2013	$	(16.0	)	$	(15.8	)	$	64.0		$	32.2
Other comprehensive income (loss) before reclassification adjustments (after-tax)	—			6.3			(0.6		)	5.7
Amounts reclassified from AOCI and noncontrolling interests:
Reclassification adjustments (pre-tax)	0.3			(34.7		)	—			(34.4		)
Reclassification adjustments tax (expense) benefit	(0.1		)	3.3			—			3.2
Reclassification adjustments (after-tax)	0.2			(31.4		)	—			(31.2		)
Other comprehensive income (loss)	0.2			(25.1		)	(0.6		)	(25.5		)
Add comprehensive loss attributable to noncontrolling interests, principally in AmeriGas Partners	—			17.6			—			17.6
Other comprehensive income (loss) attributable to UGI	0.2			(7.5		)	(0.6		)	(7.9		)
Balance, March 31, 2014	$	(15.8	)	$	(23.3	)	$	63.4		$	24.3
Six Months Ended March 31, 2014:	Postretirement			Derivative			Foreign
	Benefit Plans			Instruments			Currency			Total
Balance, September 30, 2013	$	(16.4	)	$	(26.9	)	$	51.7		$	8.4
Other comprehensive income before reclassification adjustments (after-tax)	—			46.8			11.7			58.5
Amounts reclassified from AOCI and noncontrolling interests:
Reclassification adjustments (pre-tax)	0.6			(50.5		)	—			(49.9		)
Reclassification adjustments tax (expense) benefit	—			5.3			—			5.3
Reclassification adjustments (after-tax)	0.6			(45.2		)	—			(44.6		)
Other comprehensive income	0.6			1.6			11.7			13.9
Add comprehensive loss attributable to noncontrolling interests, principally in AmeriGas Partners	—			2.0			—			2.0
Other comprehensive income attributable to UGI	0.6			3.6			11.7			15.9
Balance, March 31, 2014	$	(15.8	)	$	(23.3	)	$	63.4		$	24.3

For additional information on amounts reclassified from AOCI relating to derivative instruments see Note 12 to condensed consolidated financial statements.

Use of Estimates

Use of Estimates. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and costs. These estimates are based on management’s knowledge of current events, historical experience and various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may be different from these estimates and assumptions.