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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Components of the Purchase Price Allocations | The Company has accounted for the Mountaineer Acquisition using the acquisition method. During Fiscal 2022, the Company recorded an adjustment to decrease goodwill by $5 primarily reflecting an adjustment to a valuation allowance on certain deferred income taxes. The Consolidated Balance Sheet at September 30, 2022, reflects the final allocation of the purchase price to the assets acquired and liabilities assumed for the Mountaineer Acquisition. The components of the Mountaineer purchase price allocations are as follows:
Assets acquired: |
Cash and cash equivalents | $ | 3 |
Accounts receivable | 14 |
Inventories | 41 |
Other current assets | 21 |
Property, plant and equipment | 397 |
Other noncurrent assets | 48 |
Total assets acquired | $ | 524 |
Liabilities assumed: |
Short-term borrowings | $ | 55 |
Accounts payable | 20 |
Other current liabilities | 52 |
Long-term debt | 164 |
Pension and other postretirement benefit obligation | 33 |
Deferred income taxes | 21 |
Other noncurrent liabilities | 29 |
Total liabilities assumed | $ | 374 |
Goodwill | 250 |
Net consideration transferred | $ | 400 |
Total Cash Paid and Liabilities Incurred | Total cash paid and liabilities incurred in connection with these acquisitions were as follows:
|  |  |  | 2021 |  |  | 2020
|  |  |  |  |  | UGI International |  |  |  |  |  | Midstream & Marketing
Total cash paid |  |  |  |  |  | $ | 18 |  |  |  |  |  |  | $ | 16 |
Liabilities incurred |  |  |  |  |  | — |  |  |  |  |  |  | 7 |
Total purchase price |  |  |  |  |  | $ | 18 |  |  |  |  |  |  | $ | 23 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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