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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income (Loss) Before Income Taxes
Income (loss) before income taxes comprises the following:
202520242023
Domestic$580 $305 $(346)
Foreign116 35 (1,491)
Total income (loss) before income taxes$696 $340 $(1,837)
Schedule of Provisions for Income Taxes
The provisions for income taxes consist of the following:
202520242023
Current expense (benefit):
Federal$— $(25)$(1)
State14 12 37 
Foreign50 32 49 
Total current expense (benefit)64 19 85 
Deferred expense (benefit):
Federal(41)82 34 
State34 (21)
Foreign(13)(64)(433)
Total deferred expense (benefit)(46)52 (420)
Total income tax expense (benefit)$18 $71 $(335)
Schedule of 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:
202520242023
U.S. federal statutory tax rate21.0 %21.0 %21.0 %
Difference in tax rate due to:
Goodwill impairment not deductible for tax— 11.6 (7.3)
State income taxes, net of federal benefit4.6 6.8 (1.7)
Investment tax credits(12.7)(6.8)0.5 
Valuation allowance adjustments(8.8)(6.3)1.1 
Regulated entity depreciation normalization(2.0)(4.5)0.7 
Notional interest deduction(1.7)(3.8)0.7 
Nontaxable sale of equity investment1.5 — — 
Effects of tax rate changes – State, net of federal benefit(0.7)3.6 0.2 
State NOL adjustment upon disposition— 2.4 — 
Uncertain tax positions0.8 (2.4)(0.7)
Impairment of equity investment— 2.2 — 
Federal refund interest accrual(0.5)(1.1)— 
Effects of foreign operations(0.6)0.1 3.1 
Other, net1.7 (1.9)0.6 
Effective tax rate2.6 %20.9 %18.2 %
Schedule of Deferred Tax Liabilities (Assets)
Deferred tax liabilities (assets) comprise the following at September 30:
20252024
Excess book basis over tax basis of property, plant and equipment$1,051 $994 
Intangible assets and goodwill105 86 
Utility regulatory assets80 74 
Investment in AmeriGas Partners71 31 
Other113 50 
Gross deferred tax liabilities1,420 1,235 
Interest expense(150)(118)
Operating loss carryforwards(73)(72)
Utility regulatory liabilities(66)(72)
Foreign tax credit carryforwards(12)(49)
Employee-related benefits(25)(33)
Investment tax credits(116)(26)
Utility environmental liabilities(19)(16)
Pension plan liabilities— (8)
Derivative instrument liabilities(19)(3)
Other(121)(58)
Gross deferred tax assets(601)(455)
Deferred tax assets valuation allowance71 130 
Net deferred tax liabilities$890 $910 
Schedule of Reconciliation of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
202520242023
Unrecognized tax benefits — beginning of year$18 $26 $
Additions for tax positions of the current year
Decreases for tax positions taken in prior years(2)(11)— 
Increases for tax positions taken in prior years— 19 
Settlements with tax authorities/statute lapses— (1)(1)
Unrecognized tax benefits — end of year$24 $18 $26