Income Taxes (Tables)

12 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

(Loss) Income Before Income Taxes

(Loss) income before income taxes comprises the following:

	2023		2022		2021
Domestic	$	(346)	$	362	$	647
Foreign	(1,491)		1,025		1,342
Total (loss) income before income taxes	$	(1,837)	$	1,387	$	1,989

Provisions for Income Taxes

The provisions for income taxes consist of the following:

	2023		2022		2021
Current expense (benefit):
Federal	$	(1)	$	24	$	(48)
State	37		18		7
Foreign	49		50		85
Total current expense	85		92		44
Deferred expense (benefit):
Federal	34		45		168
State	(21)		(17)		48
Foreign	(433)		193		262
Total deferred (benefit) expense	(420)		221		478
Total income tax (benefit) expense	$	(335)	$	313	$	522

Reconciliation of U.S. Federal Statutory Tax Rate to Effective Tax Rate

A reconciliation from the U.S. federal statutory tax rate to our effective tax rate is as follows:

	2023		2022		2021
U.S. federal statutory tax rate	21.0	%	21.0	%	21.0	%
Difference in tax rate due to:
Goodwill impairment not deductible for tax	(7.3)		—		—
Effects of foreign operations	3.9		4.4		4.6
State income taxes, net of federal benefit	(1.1)		1.5		1.9
Valuation allowance adjustments	1.1		(0.5)		1.0
Effects of tax rate changes – State, net of federal benefit	0.2		(1.4)		—
Effects of tax rate changes - International	—		(2.3)		(1.3)
Effects of U.S. tax legislation	—		—		(0.8)
Other, net	0.4		(0.1)		(0.2)
Effective tax rate	18.2	%	22.6	%	26.2	%

Deferred Tax Liabilities (Assets)

Deferred tax liabilities (assets) comprise the following at September 30:

	2023		2022
Excess book basis over tax basis of property, plant and equipment	$	966	$	867
Utility regulatory assets	84		106
Intangible assets and goodwill	81		75
Derivative instrument assets	19		514
Other	37		33
Gross deferred tax liabilities	1,187		1,595
Investment in AmeriGas Partners	(28)		(79)
Pension plan liabilities	(14)		(21)
Employee-related benefits	(37)		(38)
Operating loss carryforwards	(75)		(48)
Foreign tax credit carryforwards	(64)		(76)
Utility regulatory liabilities	(83)		(85)
Utility environmental liabilities	(15)		(15)
Interest expense	(83)		(51)
Other	(58)		(74)
Gross deferred tax assets	(457)		(487)
Deferred tax assets valuation allowance	141		141
Net deferred tax liabilities	$	871	$	1,249

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

	2023		2022		2021
Unrecognized tax benefits — beginning of year	$	5	$	3	$	4
Additions for tax positions of the current year	3		2		—
Decreases for tax positions taken in prior years	—		—		(2)
Increases for tax positions taken in prior years	19		1		1
Settlements with tax authorities/statute lapses	(1)		(1)		—
Unrecognized tax benefits — end of year	$	26	$	5	$	3