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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes comprises the following:

	2016				2015				2014
Domestic	$	518.9			$	552.3			$	699.2
Foreign	191.1				39.5				68.6
Total income before income taxes	$	710.0			$	591.8			$	767.8

Provisions for Income Taxes

The provisions for income taxes consist of the following:

	2016				2015				2014
Current expense (benefit):
Federal	$	44.2			$	97.1			$	102.4
State	20.9				32.2				30.7
Foreign	78.7				36.0				37.0
Investment tax credit	—				(1.2		)		(1.6		)
Total current expense	143.8				164.1				168.5
Deferred expense (benefit):
Federal	81.2				28.1				61.9
State	1.3				2.9				7.8
Foreign	(4.8		)		(17.0		)		(2.7		)
Investment tax credit amortization	(0.3		)		(0.3		)		(0.3		)
Total deferred expense	77.4				13.7				66.7
Total income tax expense	$	221.2			$	177.8			$	235.2

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:

	2016			2015			2014
U.S. federal statutory tax rate	35.0	%		35.0	%		35.0	%
Difference in tax rate due to:
Noncontrolling interests not subject to tax	(6.2	)		(7.9	)		(9.0	)
State income taxes, net of federal benefit	3.0			3.3			3.4
Valuation allowance adjustments	(0.9	)		0.8			—
Effects of foreign operations	0.6			0.2			1.0
Other, net	(0.3	)		(1.4	)		0.2
Effective tax rate	31.2	%		30.0	%		30.6	%

Deferred Tax Liabilities (Assets)

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

	2016				2015
Excess book basis over tax basis of property, plant and equipment	$	873.9			$	798.4
Investment in AmeriGas Partners	323.2				321.4
Intangible assets and goodwill	87.1				87.1
Utility regulatory assets	148.3				117.4
Other	11.9				8.9
Gross deferred tax liabilities	1,444.4				1,333.2
Pension plan liabilities	(79.7		)		(59.1		)
Employee-related benefits	(63.1		)		(57.6		)
Operating loss carryforwards	(31.5		)		(32.5		)
Foreign tax credit carryforwards	(105.1		)		(113.8		)
Utility regulatory liabilities	(13.9		)		(24.0		)
Derivative instruments	(14.7		)		(11.4		)
Utility environmental liabilities	(22.8		)		(6.0		)
Other	(28.3		)		(17.4		)
Gross deferred tax assets	(359.1		)		(321.8		)
Deferred tax assets valuation allowance	114.3				131.3
Net deferred tax liabilities	$	1,199.6			$	1,142.7

Reconciliation of Unrecognized Tax Benefits

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

	2016				2015				2014
Unrecognized tax benefits - beginning of year	$	3.2			$	2.4			$	3.4
Additions for tax positions of the current year	2.2				0.9				0.7
Additions for tax positions taken in prior years	2.3				0.5				—
Settlements with tax authorities/statute lapses	(0.5		)		(0.6		)		(1.7		)
Unrecognized tax benefits - end of year	$	7.2			$	3.2			$	2.4

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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