Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts Related to Open Derivative Contracts

The following table summarizes by derivative type the gross notional amounts related to open derivative contracts at September 30, 2022 and 2021 and the final settlement dates of the Company's open derivative contracts as of September 30, 2022, (including amounts associated with our energy marketing businesses in the United Kingdom and France (Note 25)) but excluding those derivatives that qualified for the NPNS exception:

			Notional Amounts (in millions)
			September 30,
Type	Units	Settlements Extending Through	2022		2021
Commodity Price Risk:
Regulated Utility Operations
PA Gas Utility NYMEX natural gas futures and option contracts	Dekatherms	October 2023	19		20
Non-utility Operations
LPG swaps	Gallons	January 2025	874		708
Natural gas futures, forward, basis swap, options and pipeline contracts	Dekatherms	October 2026	363		355
Electricity forward and futures contracts	Kilowatt hours	December 2026	2,446		4,302
Interest Rate Risk:
Interest rate swaps	Euro	October 2022	€	300	€	300
Interest rate swaps	USD	June 2026	$	1,358	$	1,421
Foreign Currency Exchange Rate Risk:
Forward foreign exchange contracts	USD	August 2025	$	465	$	509
Net investment hedge forward foreign exchange contracts	Euro	December 2026	€	411	€	173

Schedule of Derivative Assets, Liabilities and the Effects of Offsetting

The following table presents the Company’s derivative assets and liabilities by type, as well as the effects of offsetting, as of September 30:

	2022		2021
Derivative assets:
Derivatives designated as hedging instruments:
Foreign currency contracts	$	57	$	20
Interest rate contracts	66		—
	123		20
Derivatives subject to PGC and DS mechanisms:
Commodity contracts	31		58
Derivatives not designated as hedging instruments:
Commodity contracts (a)	2,202		1,591
Foreign currency contracts	62		18
	2,264		1,609
Total derivative assets – gross	2,418		1,687
Gross amounts offset in the balance sheet	(295)		(216)
Cash collateral received	(398)		(468)
Total derivative assets – net	$	1,725	$	1,003
Derivative liabilities:
Derivatives designated as hedging instruments:
Interest rate contracts	$	—	$	(29)
Derivatives subject to PGC and DS mechanisms:
Commodity contracts	(26)		(23)
Derivatives not designated as hedging instruments:
Commodity contracts (a)	(487)		(257)
Foreign currency contracts	(2)		(8)
	(489)		(265)
Total derivative liabilities – gross	(515)		(317)
Gross amounts offset in the balance sheet	295		216
Cash collateral pledged	7		3
Total derivative liabilities – net	$	(213)	$	(98)

(a)Includes derivative assets and liabilities held-for-sale associated with the October 2022 sale of the United Kingdom energy marketing business (see Note 25).

Effects of Derivative Instruments on Condensed Consolidated Statements of Income and Changes in AOCI and Noncontrolling Interest

The following tables provide information on the effects of derivative instruments on the Consolidated Statements of Income and changes in AOCI for Fiscal 2022, Fiscal 2021 and Fiscal 2020:

	Gain (Loss) Recognized in AOCI						Gain (Loss) Reclassified from AOCI into Income			Location of Gain (Loss) Reclassified from AOCI into Income
	2022		2021		2020		2022	2021	2020
Cash Flow Hedges:
Interest rate contracts	91		4		(53)		(7)	(25)	(13)	Interest expense
Net Investment Hedges:
Foreign currency contracts	$	69	$	4	$	(1)

	Gain (Loss) Recognized in Income						Location of Gain (Loss) Recognized in Income
	2022		2021		2020
Derivatives Not Designated as Hedging Instruments:
Commodity contracts	$	(9)	$	(17)	$	10	Revenues
Commodity contracts	1,181		1,545		(32)		Cost of sales
Commodity contracts	1		5		—		Other operating income, net
Foreign currency contracts	63		9		(20)		Other non-operating income (expense), net
Total	$	1,236	$	1,542	$	(42)