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Employee Retirement Plans (Tables)
 12 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Schedule of Change in Pension Benefits and Other Postretirement Benefits Obligations
The following table provides a reconciliation of the PBOs of our pension plans (the U.S. Pension Plans and the UGI International pension plans), plan assets, and the related funded status of our pension plans as of September 30, 2024 and 2023. 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
 20242023
Change in benefit obligations:  
Benefit obligations — beginning of year$623 $633 
Service cost8 9 
Interest cost36 35 
Actuarial loss (gain)76 (20)
Foreign currency 2 2 
Benefits paid(38)(36)
Benefit obligations — end of year (a)$707 $623 
Change in plan assets:  
Fair value of plan assets — beginning of year$556 $541 
Actual gain (loss) on plan assets118 31 
Foreign currency 1 1 
Employer contributions19 19 
Benefits paid(37)(36)
Fair value of plan assets — end of year$657 $556 
Funded status of the plans — end of year (b)$(50)$(67)
Amounts recorded in UGI Corporation stockholders’ equity (pre-tax):  
Prior service cost$3 $3 
Net actuarial gain(9)(17)
Total$(6)$(14)
Amounts recorded in regulatory assets and liabilities (pre-tax):  
Net actuarial loss$106 $110 
Total$106 $110 
(a) The ABOs of the U.S. Pension Plans were $633 and $558 as of September 30, 2024 and 2023, respectively.
(b) Amounts are reflected in “Other noncurrent liabilities” and “Other assets” on the Consolidated Balance Sheets. Amounts reflected in “Other assets” are not material.
Schedule of Actuarial Assumptions for U.S. Plans The expected rate of return on assets assumption is based on current and expected asset allocations as well as historical and expected returns on various categories of plan assets (as further described below).
 Pension Plans
 202420232022
Weighted-average assumptions:   
Discount rate – benefit obligations5.05 %6.09 %5.70 %
Discount rate – benefit cost
6.09 %5.70 %3.13 %
Expected return on plan assets
7.50 %7.50 %7.10 %
Rate of increase in salary levels
3.25 %3.25 %3.25 %
Schedule of Net Periodic Pension (Income) Cost Net periodic pension (income) cost includes the following components:
 Pension Benefits
 202420232022
Service cost$8 $9 $16 
Interest cost36 35 26 
Expected return on assets(44)(45)(50)
Amortization of:
Actuarial loss (gain)1 (3)7 
Net benefit cost (income)$1 $(4)$(1)
Schedule of Expected Payments for Pension Benefits and Other Postretirement Welfare Benefits Expected payments for pension benefits are as follows:
Pension
Benefits
Fiscal 2025$40 
Fiscal 2026$41 
Fiscal 2027$44 
Fiscal 2028$46 
Fiscal 2029$49 
Fiscal 2030 - 2034$242 
Schedule of Pension Plans
The targets and actual allocations for the U.S. Pension Plans’ trust assets at September 30 are as follows:
 ActualTarget Asset Allocation (a)
 2024202320242023
Equity investments52.4 %61.4 %53.2 %61.6 %
Fixed income funds & cash equivalents44.9 %35.5 %43.4 %35.0 %
Alternative investments2.7 %3.1 %3.4 %3.4 %
Total100.0 %100.0 %100.0 %100.0 %
(a) There is a permitted range for the allocation of the trust assets for the U.S. Pension Plans which is 5% less than and greater than the target allocation.
Schedule of Fair Value of U.S. Pension Plan and VEBA Trust Assets The fair values of the U.S. Pension Plans trust assets by asset class as of September 30, 2024 and 2023 are as follows:
20242023
U.S. Pension Plans: 
Domestic equity investments: 
   UGI Corporation Common Stock$20 $19 
     Total domestic equity investments (a)20 19 
Common collective trust funds:
   U.S. equity index investments188 120 
   Non-U.S. equity index investments96 117 
   Global equity index investments29 75 
   Bond index investments274 183 
   Cash equivalents11 8 
     Total common collective trust funds (b)598 503 
Alternative investments (b)17 17 
Total$635 $539 
(a) Level 1 investments within the fair value hierarchy.
(b) Assets measured at NAV and therefore excluded from the fair value hierarchy.