XML 126 R43.htm IDEA: XBRL DOCUMENT
v3.24.3

Employee Retirement Plans (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2024
Retirement Benefits [Abstract] |
Schedule of Change in Pension Benefits and Other Postretirement Benefits Obligations | The following table provides a reconciliation of the PBOs of our pension plans (the U.S. Pension Plans and the UGI International pension plans), plan assets, and the related funded status of our pension plans as of September 30, 2024 and 2023. ABO is the present value of benefits earned to date with benefits based upon current compensation levels. PBO is ABO increased to reflect estimated future compensation.
| Pension Benefits |  |
| 2024 |  | 2023 |  |  |  |
Change in benefit obligations: |  |  |  |  |  |  |
Benefit obligations — beginning of year | $ | 623 |  |  | $ | 633 |  |  |  |  |
Service cost | 8 |  |  | 9 |  |  |  |  |
Interest cost | 36 |  |  | 35 |  |  |  |  |
Actuarial loss (gain) | 76 |  |  | (20) |  |  |  |  |
Foreign currency | 2 |  |  | 2 |  |  |  |  |
Benefits paid | (38) |  |  | (36) |  |  |  |  |
Benefit obligations — end of year (a) | $ | 707 |  |  | $ | 623 |  |  |  |  |
Change in plan assets: |  |  |  |  |  |  |
Fair value of plan assets — beginning of year | $ | 556 |  |  | $ | 541 |  |  |  |  |
Actual gain (loss) on plan assets | 118 |  |  | 31 |  |  |  |  |
Foreign currency | 1 |  |  | 1 |  |  |  |  |
Employer contributions | 19 |  |  | 19 |  |  |  |  |
Benefits paid | (37) |  |  | (36) |  |  |  |  |
Fair value of plan assets — end of year | $ | 657 |  |  | $ | 556 |  |  |  |  |
Funded status of the plans — end of year (b) | $ | (50) |  |  | $ | (67) |  |  |  |  |
Amounts recorded in UGI Corporation stockholders’ equity (pre-tax): |  |  |  |  |  |  |
Prior service cost | $ | 3 |  |  | $ | 3 |  |  |  |  |
Net actuarial gain | (9) |  |  | (17) |  |  |  |  |
Total | $ | (6) |  |  | $ | (14) |  |  |  |  |
Amounts recorded in regulatory assets and liabilities (pre-tax): |  |  |  |  |  |  |
Net actuarial loss | $ | 106 |  |  | $ | 110 |  |  |  |  |
Total | $ | 106 |  |  | $ | 110 |  |  |  |  |
(a) The ABOs of the U.S. Pension Plans were $633 and $558 as of September 30, 2024 and 2023, respectively. (b) Amounts are reflected in “Other noncurrent liabilities” and “Other assets” on the Consolidated Balance Sheets. Amounts reflected in “Other assets” are not material.
Schedule of Actuarial Assumptions for U.S. Plans | The expected rate of return on assets assumption is based on current and expected asset allocations as well as historical and expected returns on various categories of plan assets (as further described below).
| Pension Plans |  |
| 2024 |  | 2023 |  | 2022 |  |  |  |  |  |
Weighted-average assumptions: |  |  |  |  |  |  |  |  |  |  |
Discount rate – benefit obligations | 5.05 | % |  | 6.09 | % |  | 5.70 | % |  |  |  |  |  |
Discount rate – benefit cost | 6.09 | % |  | 5.70 | % |  | 3.13 | % |  |  |  |  |  |
Expected return on plan assets | 7.50 | % |  | 7.50 | % |  | 7.10 | % |  |  |  |  |  |
Rate of increase in salary levels | 3.25 | % |  | 3.25 | % |  | 3.25 | % |  |  |  |  |  |
Schedule of Net Periodic Pension (Income) Cost | Net periodic pension (income) cost includes the following components:
| Pension Benefits |  |
| 2024 |  | 2023 |  | 2022 |  |  |  |  |  |
Service cost | $ | 8 |  |  | $ | 9 |  |  | $ | 16 |  |  |  |  |  |  |
Interest cost | 36 |  |  | 35 |  |  | 26 |  |  |  |  |  |  |
Expected return on assets | (44) |  |  | (45) |  |  | (50) |  |  |  |  |  |  |
Amortization of: |  |  |  |  |  |  |  |  |  |  |
Actuarial loss (gain) | 1 |  |  | (3) |  |  | 7 |  |  |  |  |  |  |
Net benefit cost (income) | $ | 1 |  |  | $ | (4) |  |  | $ | (1) |  |  |  |  |  |  |
Schedule of Expected Payments for Pension Benefits and Other Postretirement Welfare Benefits | Expected payments for pension benefits are as follows:
| Pension Benefits |  |
Fiscal 2025 | $ | 40 |  |  |
Fiscal 2026 | $ | 41 |  |  |
Fiscal 2027 | $ | 44 |  |  |
Fiscal 2028 | $ | 46 |  |  |
Fiscal 2029 | $ | 49 |  |  |
Fiscal 2030 - 2034 | $ | 242 |  |  |
Schedule of Pension Plans | The targets and actual allocations for the U.S. Pension Plans’ trust assets at September 30 are as follows:
| Actual |  | Target Asset Allocation (a) |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Equity investments | 52.4 | % |  | 61.4 | % |  | 53.2 | % |  | 61.6 | % |  |
Fixed income funds & cash equivalents | 44.9 | % |  | 35.5 | % |  | 43.4 | % |  | 35.0 | % |  |
Alternative investments | 2.7 | % |  | 3.1 | % |  | 3.4 | % |  | 3.4 | % |  |
Total | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  |
(a) There is a permitted range for the allocation of the trust assets for the U.S. Pension Plans which is 5% less than and greater than the target allocation.
Schedule of Fair Value of U.S. Pension Plan and VEBA Trust Assets | The fair values of the U.S. Pension Plans trust assets by asset class as of September 30, 2024 and 2023 are as follows:
| 2024 |  | 2023
U.S. Pension Plans: |  |  |
Domestic equity investments: |  |  |
UGI Corporation Common Stock | $ | 20 |  |  | $ | 19 |
Total domestic equity investments (a) | 20 |  |  | 19 |
Common collective trust funds: |  |  |
U.S. equity index investments | 188 |  |  | 120 |
Non-U.S. equity index investments | 96 |  |  | 117 |
Global equity index investments | 29 |  |  | 75 |
Bond index investments | 274 |  |  | 183 |
Cash equivalents | 11 |  |  | 8 |
Total common collective trust funds (b) | 598 |  |  | 503 |
Alternative investments (b) | 17 |  |  | 17 |
Total | $ | 635 |  |  | $ | 539 |
(a) Level 1 investments within the fair value hierarchy. (b) Assets measured at NAV and therefore excluded from the fair value hierarchy.

X
- Definition Fair value of pension plan and VEBA trust assets. + References No definition available. + Details
Name: | ugi_FairValueOfPensionPlanAndVebaTrustAssetsTableTextBlock
Namespace Prefix: | ugi_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (d)(5) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (f) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480506/715-20-50-1 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration