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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Sep. 30, 2024
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, 2024 and 2023 and the final settlement dates of the Company's open derivative contracts as of September 30, 2024, but excluding those derivatives that qualified for the NPNS exception:
Notional Amounts
(in millions)
September 30,
TypeUnitsSettlements Extending Through20242023
Commodity Price Risk:
Regulated Utility Operations
PA Gas Utility NYMEX natural gas futures and option contractsDekathermsSeptember 202526 38 
Non-utility Operations
LPG swapsGallonsDecember 2026458 727 
Natural gas futures, forward, basis swap, options and pipeline contracts (a)DekathermsMarch 2028325 338 
Electricity forward and futures contractsKilowatt hoursDecember 20271,113 1,260 
Interest Rate Risk:
Interest rate swapsEuroMarch 2026€300 €300 
Interest rate swapsUSDSeptember 2027$1,231 $1,270 
Foreign Currency Exchange Rate Risk:
Forward foreign currency exchange contractsUSDSeptember 2027$389 $425 
Net investment hedge forward foreign exchange contractsEuroDecember 2026€181 €256 
(a)Amounts at September 30, 2023 include contracts associated with certain UGI International energy marketing business transactions that qualified for held for sale accounting treatment (see Note 5).
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:
20242023
Derivative assets:
Derivatives designated as hedging instruments:  
Foreign currency contracts$6 $14 
Interest rate contracts1 28 
7 42 
Derivatives subject to PGC and DS mechanisms:
Commodity contracts4 6 
Derivatives not designated as hedging instruments:  
Commodity contracts (a)129 226 
Foreign currency contracts— 24 
129 250 
Total derivative assets – gross140 298 
Gross amounts offset in the balance sheet(88)(124)
Cash collateral received(14)(40)
Total derivative assets – net$38 $134 
Derivative liabilities:
Derivatives designated as hedging instruments:
Interest rate contracts$(22)$— 
Derivatives subject to PGC and DS mechanisms:
Commodity contracts(1)(8)
Derivatives not designated as hedging instruments:
Commodity contracts (a)(151)(266)
Foreign currency contracts(9)(2)
(160)(268)
Total derivative liabilities – gross(183)(276)
Gross amounts offset in the balance sheet88 124 
Cash collateral pledged36 53 
Total derivative liabilities – net$(59)$(99)
(a)Amounts at September 30, 2023 include derivative contracts associated with certain UGI International energy marketing business transactions (see Note 5). The related derivative assets and liabilities qualify for held for sale accounting treatment and are included in “Other current assets” and “Other current liabilities,” respectively, on the Consolidated Balance Sheets at September 30, 2023.
Schedule of Effects of Derivative Instruments on Condensed Consolidated Statements of Income and Changes in AOCI and Noncontrolling Interest
The following tables provide information on the effects of derivative instruments on the Consolidated Statements of Income and changes in AOCI for Fiscal 2024, Fiscal 2023 and Fiscal 2022:
Gain (Loss)
Recognized in
AOCI		Gain (Loss)
Reclassified from
AOCI into Income		Location of Gain (Loss) Reclassified from
AOCI into Income
 202420232022202420232022
Cash Flow Hedges:       
Interest rate contracts$(19)$25 $91 $49 $40 $(7)Interest expense
Net Investment Hedges:       
Foreign currency contracts$(5)$(21)$69     
Gain (Loss)
Recognized in Income		Location of Gain (Loss) Recognized in Income
 202420232022
Derivatives Not Designated as Hedging Instruments:
Commodity contracts$1 $11 $(9)Revenues
Commodity contracts(92)(1,771)1,181 Cost of sales
Commodity contracts3 2 1 Other operating income, net
Foreign currency contracts(19)(23)63 Other non-operating (expense) income, net
Total$(107)$(1,781)$1,236