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Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents, on a gross basis, our financial assets and liabilities, including both current and noncurrent portions, that are measured at fair value on a recurring basis within the fair value hierarchy as described in Note 2:
 Asset (Liability)
Level 1Level 2Level 3Total
September 30, 2024:    
Derivative instruments:    
Assets:    
Commodity contracts $106 $27 $— $133 
Foreign currency contracts$— $$— $
Interest rate contracts$— $$— $
   Liabilities:    
Commodity contracts $(120)$(32)$— $(152)
Foreign currency contracts$— $(9)$— $(9)
Interest rate contracts$— $(22)$— $(22)
Non-qualified supplemental postretirement grantor trust investments (a)$43 $— $— $43 
September 30, 2023    
Derivative instruments:    
Assets:    
Commodity contracts (b)$117 $115 $— $232 
Foreign currency contracts$— $38 $— $38 
Interest rate contracts$— $28 $— $28 
  Liabilities:    
Commodity contracts (b)$(193)$(81)$— $(274)
Foreign currency contracts$— $(2)$— $(2)
Non-qualified supplemental postretirement grantor trust investments (a)$39 $— $— $39 
(a)Consists primarily of mutual fund investments held in grantor trusts associated with non-qualified supplemental retirement plans (see Note 8).
(b)Includes derivative assets and liabilities associated with certain UGI International energy marketing business transactions that qualified for held for sale accounting and are included in “Other current assets” and “Other current liabilities” on the Consolidated Balance Sheets (see Note 5).
Schedule of Carrying Amount and Estimated Fair Value of Long-term Debt The carrying amounts and estimated fair values of our long-term debt (including current maturities but excluding unamortized debt issuance costs) were as follows:
20242023
Carrying amount$6,733 $6,647 
Estimated fair value$6,663 $6,238