XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Defined Benefit Pension and Other Postretirement Plans | 3 Months Ended
--- | ---
Dec. 31, 2018
Retirement Benefits [Abstract] |
Defined Benefit Pension and Other Postretirement Plans | Note 12 — Defined Benefit Pension and Other Postretirement Plans The U.S. Pension Plan is a 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. U.S. Pension Plan benefits are based on years of service, age and employee compensation. We also provide postretirement health care benefits to certain retirees and postretirement life insurance benefits to nearly all U.S. active and retired employees. In addition, employees of UGI France and its subsidiaries 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 December 31, |  | 2018 |  | 2017 |  | 2018 |  | 2017
Service cost |  | $ | 2.5 |  |  | $ | 2.8 |  |  | $ | — |  |  | $ | 0.2 |
Interest cost |  | 6.8 |  |  | 6.5 |  |  | 0.2 |  |  | 0.2 |
Expected return on assets |  | (9.0 | ) |  | (8.6 | ) |  | (0.2 | ) |  | (0.2 | )
Amortization of: |  |  |  |  |  |  |  |
Prior service cost (benefit) |  | 0.1 |  |  | 0.1 |  |  | (0.1 | ) |  | (0.1 | )
Actuarial loss |  | 1.9 |  |  | 3.3 |  |  | — |  |  | 0.1 |
Net benefit cost (benefit) |  | 2.3 |  |  | 4.1 |  |  | (0.1 | ) |  | 0.2 |
Change in associated regulatory liabilities |  | — |  |  | — |  |  | (0.3 | ) |  | (0.1 | )
Net benefit cost (benefit) after change in regulatory liabilities |  | $ | 2.3 |  |  | $ | 4.1 |  |  | $ | (0.4 | ) |  | $ | 0.1 |
The U.S. Pension Plan’s assets are held in trust and consist principally of publicly traded, diversified equity and fixed income mutual funds and, to a much lesser extent, UGI Common Stock. It is our general policy to fund amounts for U.S. Pension Plan benefits equal to at least the minimum required contribution set forth in applicable employee benefit laws. During the three months ended December 31, 2018, the Company made no cash contributions to the U.S. Pension Plan. During the three months ended December 31, 2017, the Company made cash contributions to the U.S. Pension Plan of $3.4. The Company expects to make additional cash contributions of approximately $11.5 to the U.S. Pension Plan during the remainder of Fiscal 2019. UGI Utilities has established a VEBA trust to pay retiree health care and life insurance benefits by depositing into the VEBA the annual amount of postretirement benefits costs, if any. The difference between such cash deposits or expense recorded and the amounts included in UGI Gas’ and Electric Utility’s rates, if any, is deferred for future recovery from, or refund to, ratepayers. There were no required contributions to the VEBA during the three months ended December 31, 2018 and 2017. We also sponsor unfunded and non-qualified supplemental executive defined benefit retirement plans. Net costs associated with these plans for the three months ended December 31, 2018 and 2017, were not material.

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration