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Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended
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Jun. 30, 2021
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 June 30, 2021, September 30, 2020 and June 30, 2020, and the final settlement dates of the Company's open derivative contracts as of June 30, 2021, excluding those derivatives that qualified for the NPNS exception:
|  |  |  |  |  | Notional Amounts (in millions)
Type |  | Units |  | Settlements Extending Through |  | June 30, 2021 |  | September 30, 2020 |  | June 30, 2020
Commodity Price Risk: |  |  |  |  |  |  |  |  |  |
Regulated Utility Operations |  |  |  |  |  |  |  |  |  |
Gas Utility NYMEX natural gas futures and option contracts |  | Dekatherms |  | February 2022 |  | 12 |  |  | 22 |  |  | 16 |
Non-utility Operations |  |  |  |  |  |  |  |  |  |
LPG swaps |  | Gallons |  | November 2023 |  | 688 |  |  | 846 |  |  | 890 |
Natural gas futures, forward, basis swap, options and pipeline contracts |  | Dekatherms |  | July 2026 |  | 344 |  |  | 339 |  |  | 343 |
Electricity forward and futures contracts |  | Kilowatt hours |  | January 2026 |  | 4,730 |  |  | 4,705 |  |  | 4,144 |
Interest Rate Risk: |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Euro |  | October 2022 |  | € | 300 |  |  | € | 300 |  |  | € | 300 |
Interest rate swaps |  | USD |  | September 2024 |  | $ | 1,424 |  |  | $ | 1,344 |  |  | $ | 1,347 |
Foreign Currency Exchange Rate Risk: |  |  |  |  |  |  |  |  |  |
Forward foreign currency exchange contracts |  | USD |  | October 2024 |  | $ | 504 |  |  | $ | 511 |  |  | $ | 440 |
Net investment hedge forward foreign exchange contracts |  | Euro |  | October 2024 |  | € | 173 |  |  | € | 173 |  |  | € | 173 |
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:
|  | June 30, 2021 |  | September 30, 2020 |  | June 30, 2020
Derivative assets: |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |
Foreign currency contracts |  | $ | 15 |  |  | $ | 17 |  |  | $ | 25 |
Derivatives subject to PGC and DS mechanisms: |  |  |  |  |  |
Commodity contracts |  | 14 |  |  | 7 |  |  | 3 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | 623 |  |  | 100 |  |  | 65 |
Foreign currency contracts |  | 9 |  |  | 15 |  |  | 24 |
|  | 632 |  |  | 115 |  |  | 89 |
Total derivative assets — gross |  | 661 |  |  | 139 |  |  | 117 |
Gross amounts offset in the balance sheet |  | (77) |  |  | (57) |  |  | (42) |
Cash collateral received |  | (105) |  |  | — |  |  | — |
Total derivative assets — net |  | $ | 479 |  |  | $ | 82 |  |  | $ | 75 |
Derivative liabilities: |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |
Interest rate contracts |  | $ | (35) |  |  | $ | (55) |  |  | $ | (59) |
Derivatives subject to PGC and DS mechanisms: |  |  |  |  |  |
Commodity contracts |  | (6) |  |  | — |  |  | (2) |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | (139) |  |  | (118) |  |  | (170) |
Foreign currency contracts |  | (13) |  |  | (14) |  |  | (7) |
|  | (152) |  |  | (132) |  |  | (177) |
Total derivative liabilities — gross |  | (193) |  |  | (187) |  |  | (238) |
Gross amounts offset in the balance sheet |  | 77 |  |  | 57 |  |  | 42 |
Cash collateral pledged |  | — |  |  | 7 |  |  | 21 |
Total derivative liabilities — net |  | $ | (116) |  |  | $ | (123) |  |  | $ | (175) |
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 Condensed Consolidated Statements of Income and changes in AOCI:
Three Months Ended June 30,: |  |  |  |  |  |  |  |  |  |
|  | Gain (Loss) Recognized in AOCI |  | Loss Reclassified from AOCI into Income |  | Location of Loss Reclassified from AOCI into Income
Cash Flow Hedges: |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
Interest rate contracts |  | $ | (1) |  |  | $ | (11) |  |  | $ | (6) |  |  | $ | (6) |  |  | Interest expense
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | (1) |  |  | $ | (3) |  |  |  |  |  |  |
|  | Gain (Loss) Recognized in Income |  |  |  |  |  |
Derivatives Not Designated as Hedging Instruments: |  | 2021 |  | 2020 |  | Location of Gain (Loss) Recognized in Income
Commodity contracts |  | $ | (5) |  |  | $ | 6 |  |  | Revenues
Commodity contracts |  | 347 |  |  | 127 |  |  | Cost of sales
Commodity contracts |  | — |  |  | 1 |  |  | Operating and administrative expenses
Foreign currency contracts |  | (1) |  |  | (5) |  |  | Other non-operating income (expense), net
Total |  | $ | 341 |  |  | $ | 129 |  |  |  |  |  |  |
Nine Months Ended June 30,: |  |  |  |  |  |  |  |  |  |
|  | Gain (Loss) Recognized in AOCI |  | Loss Reclassified from AOCI into Income |  | Location of Loss Reclassified from AOCI into Income
Cash Flow Hedges: |  | 2021 |  | 2020 |  | 2021 |  | 2020 |
Interest rate contracts |  | $ | 5 |  |  | $ | (53) |  |  | $ | (19) |  |  | $ | (8) |  |  | Interest expense
Net Investment Hedges: |  |  |  |  |  |  |  |  |  |
Foreign currency contracts |  | $ | (2) |  |  | $ | 7 |  |  |  |  |  |  |
|  | Gain (Loss) Recognized in Income |  |  |  |  |  |
Derivatives Not Designated as Hedging Instruments: |  | 2021 |  | 2020 |  | Location of Gain (Loss) Recognized in Income
Commodity contracts |  | $ | (4) |  |  | $ | 14 |  |  | Revenues
Commodity contracts |  | 585 |  |  | (112) |  |  | Cost of sales
Commodity contracts |  | — |  |  | 1 |  |  | Operating and administrative expenses
Commodity contracts |  | 5 |  |  | — |  |  | Other operating income, net
Foreign currency contracts |  | (4) |  |  | (5) |  |  | Other non-operating income (expense), net
Total |  | $ | 582 |  |  | $ | (102) |  |  |  |  |  |  |

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