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Defined Benefit Pension and Other Postretirement Plans | 9 Months Ended
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Jun. 30, 2014
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] |
Defined Benefit Pension and Other Postretirement Plans | Defined Benefit Pension and Other Postretirement Plans In the U.S., we currently sponsor one defined benefit pension plan for employees hired prior to January 1, 2009, of UGI, UGI Utilities, PNG, CPG and certain of UGI’s other domestic wholly owned subsidiaries (“Pension Plan”). We also provide postretirement health care benefits to certain retirees and postretirement life insurance benefits to nearly all domestic active and retired employees. In addition, Antargaz employees are covered by certain defined benefit pension and postretirement plans. Net periodic pension expense and other postretirement benefit costs include the following components:
|  | Pension Benefits |  | Other Postretirement Benefits
|  | Three Months Ended June 30, |  | Three Months Ended June 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Service cost |  | $ | 2.3 |  |  | $ | 2.8 |  |  | $ | 0.1 |  |  | $ | 0.2 |
Interest cost |  | 6.5 |  |  | 5.9 |  |  | 0.2 |  |  | 0.2 |
Expected return on assets |  | (7.3 | ) |  | (6.9 | ) |  | (0.1 | ) |  | (0.1 | )
Amortization of: |  |  |  |  |  |  |  |
Prior service cost (benefit) |  | 0.1 |  |  | 0.1 |  |  | (0.1 | ) |  | (0.1 | )
Actuarial loss |  | 1.9 |  |  | 3.7 |  |  | — |  |  | 0.1 |
Net benefit cost |  | 3.5 |  |  | 5.6 |  |  | 0.1 |  |  | 0.3 |
Change in associated regulatory liabilities |  | — |  |  | — |  |  | 0.9 |  |  | 0.8 |
Net expense |  | $ | 3.5 |  |  | $ | 5.6 |  |  | $ | 1.0 |  |  | $ | 1.1 |
|  | Pension Benefits |  | Other Postretirement Benefits
|  | Nine Months Ended |  | Nine Months Ended
|  | June 30, |  | June 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
Service cost |  | $ | 7.0 |  |  | $ | 8.5 |  |  | $ | 0.4 |  |  | $ | 0.5 |
Interest cost |  | 19.4 |  |  | 17.6 |  |  | 0.7 |  |  | 0.7 |
Expected return on assets |  | (22.0 | ) |  | (20.7 | ) |  | (0.4 | ) |  | (0.4 | )
Amortization of: |  |  |  |  |  |  |  |
Prior service cost (benefit) |  | 0.2 |  |  | 0.2 |  |  | (0.4 | ) |  | (0.2 | )
Actuarial loss |  | 5.7 |  |  | 11.2 |  |  | 0.1 |  |  | 0.3 |
Net benefit cost |  | 10.3 |  |  | 16.8 |  |  | 0.4 |  |  | 0.9 |
Change in associated regulatory liabilities |  | — |  |  | — |  |  | 2.7 |  |  | 2.4 |
Net expense |  | $ | 10.3 |  |  | $ | 16.8 |  |  | $ | 3.1 |  |  | $ | 3.3 |
Pension Plan assets are held in trust and consist principally of publicly traded, diversified equity and fixed income mutual funds and UGI Common Stock. It is our general policy to fund amounts for Pension Plan benefits equal to at least the minimum contribution set forth in applicable employee benefit laws. Based upon current assumptions, the Company estimates that it will be required to contribute approximately $6.9 to the Pension Plan during the remainder of Fiscal 2014. During the nine months ended June 30, 2014 and 2013, the Company made cash contributions to the Pension Plan of $11.0 and $13.4, respectively. UGI Utilities has established a Voluntary Employees’ Beneficiary Association (“VEBA”) trust to pay UGI Gas’ and Electric Utility’s postretirement health care and life insurance benefits referred to above by depositing into the VEBA the annual amount of postretirement benefit costs determined under GAAP. The difference between such amounts calculated under GAAP and the amounts included in UGI Gas’ and Electric Utility’s rates is deferred for future recovery from, or refund to, ratepayers. We also sponsor unfunded and non-qualified defined benefit supplemental executive retirement plans (“Supplemental Defined Benefit Plans”). We recorded pre-tax expense associated with these plans of $0.6 and $0.8 in the three months ended June 30, 2014 and 2013, respectively. We recorded pre-tax expense associated with these plans of $2.3 and $2.4 in the nine months ended June 30, 2014 and 2013, respectively.

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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