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Note 13 - Pension Plans and Other Postretirement Benefits (Tables)
12 Months Ended
Sep. 30, 2022
Notes Tables  
Schedule of Net Benefit Costs [Table Text Block]
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

 

Service cost – benefits earned during the period

 $20.0  $21.7  $22.5  $14.4  $15.4  $15.7  $4.8  $5.5  $6.1 

Interest cost on projected benefit obligation

  

21.5

   20.7   22.6   14.7   14.2   15.8   4.7   4.6   4.9 

Expected return on plan assets

  (31.3)  (31.6)  (35.0)  (22.7)  (22.5)  (24.6)  (5.2)  (5.8)  (6.9)

Amortization of prior service (credit) cost

  (4.5)  (3.1)  (2.5)  (1.9)  (0.6)  0.1   (2.4)  (2.3)  (2.4)

Amortization of actuarial loss

  11.9   14.9   14.4   9.6   11.0   11.3   2.4   3.9   3.1 

Loss on lump-sum settlements and curtailments

  33.6   18.2   31.6   27.3   11.6   26.6   6.3   6.6   5.0 

Subtotal

  51.2   40.8   53.6   41.4   29.1   44.9   10.6   12.5   9.8 

Regulatory adjustment

  

12.5

   20.6   6.6   9.9   19.0   3.9   1.7   0.7   1.8 

Net pension cost

 $63.7  $61.4  $60.2  $51.3  $48.1  $48.8  $12.3  $13.2  $11.6 
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

 

Service cost – benefits earned during the period

 $7.5  $7.3  $5.9  $6.3  $6.2  $5.3  $1.1  $0.9  $0.4 

Interest cost on accumulated postretirement benefit obligation

  6.0   6.0   6.3   4.5   4.5   4.7   1.4   1.3   1.4 

Expected return on plan assets

  (16.8)  (16.1)  (16.7)  (11.3)  (10.9)  (11.4)  (5.2)  (4.9)  (5.0)

Amortization of prior service cost (credit)

  1.0   1.0   (0.5)  0.7   0.7   (0.2)  0.3   0.3   (0.3)

Amortization of actuarial gain

  (2.2)  (1.6)  (2.0)  (1.9)  (1.5)  (2.0)         

Subtotal

  (4.5)  (3.4)  (7.0)  (1.7)  (1.0)  (3.6)  (2.4)  (2.4)  (3.5)

Regulatory adjustment

  3.3   13.2   16.0   5.0   15.0   17.7   (1.8)  (1.8)  (1.8)

Net postretirement benefit (income) cost

 $(1.2) $9.8  $9.0  $3.3  $14.0  $14.1  $(4.2) $(4.2) $(5.3)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

 

Current year actuarial (gain) loss

 $(16.9) $(8.1) $68.0  $0.9  $(0.9) $37.8  $(16.0) $(1.5) $24.4 

Amortization of actuarial loss

  (11.9)  (14.9)  (14.4)  (9.6)  (11.0)  (11.3)  (2.4)  (3.9)  (3.1)

Acceleration of loss recognized due to settlement

  (33.6)  (18.2)  (31.7)  (27.3)  (11.6)  (26.6)  (6.3)  (6.6)  (5.1)

Current year service credit

     (17.9)  (4.4)     (17.9)  (4.4)         

Amortization of prior service credit (cost)

  4.5   3.1   2.5   1.9   0.6   (0.1)  2.4   2.3   2.4 

Subtotal

  (57.9)  (56.0)  20.0   (34.1)  (40.8)  (4.6)  (22.3)  (9.7)  18.6 

Regulatory adjustment

  56.3   57.3   (19.5)  32.5   42.1   5.1   22.3   9.7   (18.6)

Total recognized in OCI

 $(1.6) $1.3  $0.5  $(1.6) $1.3  $0.5  $  $  $ 
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

  

2022

  

2021

  

2020

 

Current year actuarial loss (gain)

 $15.8  $(41.0) $(7.3) $9.8  $(29.0) $(7.6) $5.9  $(9.9) $1.1 

Amortization of actuarial gain

  2.2   1.6   2.0   1.9   1.5   2.0          

Current year prior service (cost) credit

  (6.3)     15.8   (1.1)     9.5   (5.2)     6.3 

Amortization of prior service (cost) credit

  (1.0)  (1.0)  0.5   (0.7)  (0.7)  0.2   (0.3)  (0.3)  0.3 

Subtotal

  10.7   (40.4)  11.0   9.9   (28.2)  4.1   0.4   (10.2)  7.7 

Regulatory adjustment

  (10.7)  40.4   (11.0)  (9.9)  28.2   (4.1)  (0.4)  10.2   (7.7)

Total recognized in OCI

 $  $  $  $  $  $  $  $  $ 
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Benefit obligation, beginning of year

 $689.6  $732.6  $479.0  $505.2  $149.4  $163.5 

Service cost

  20.0   21.7   14.4   15.4   4.8   5.5 

Interest cost

 

21.5

   20.7   14.7   14.2   4.7   4.6 

Actuarial (gain) loss

  (173.9)  6.6   (116.2)  11.0   (42.4)  (1.8)

Plan amendments

     (17.9)     (17.9)      

Settlement loss

  33.4   12.3   27.9   8.2   5.6   4.1 

Settlement benefits paid

  (109.3)  (67.6)  (87.0)  (44.6)  (22.3)  (22.9)

Regular benefits paid

  (16.9)  (18.8)  (12.2)  (12.5)  (2.0)  (3.6)

Benefit obligation, end of year

 $464.4  $689.6  $320.6  $479.0  $97.8  $149.4 

Accumulated benefit obligation, end of year

 $457.1  $673.3  $315.0  $465.4  $96.2  $146.9 
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Benefit obligation, beginning of year

 $204.2  $212.3  $151.7  $158.4  $48.0  $48.3 

Service cost

  7.5   7.3   6.3   6.2   1.1   0.9 

Interest cost

  6.0   6.0   4.5   4.5   1.4   1.3 

Actuarial (gain) loss

  (52.6)  (7.5)  (37.7)  (6.7)  (13.6)  0.7 

Plan amendments

  (6.2)     (1.0)     (5.2)   

Retiree drug subsidy program

  0.2      0.2          

Benefits paid

  (11.0)  (13.9)  (9.2)  (10.7)  (1.8)  (3.2)

Benefit obligation, end of year

 $148.1  $204.2  $114.8  $151.7  $29.9  $48.0 
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Fair value of plan assets, beginning of year

 $498.9  $473.1  $364.0  $336.2  $82.8  $88.6 

Actual return on plan assets

  (92.5)  58.8   (66.7)  42.7   (15.6)  9.6 

Employer contributions

  52.4   53.4   37.8   42.2   14.4   11.1 

Settlement benefits paid

  (109.3)  (67.6)  (87.0)  (44.6)  (22.3)  (22.9)

Regular benefits paid

  (16.8)  (18.8)  (12.2)  (12.5)  (2.0)  (3.6)

Fair value of plan assets, end of year

 $332.7  $498.9  $235.9  $364.0  $57.3  $82.8 

Funded status of plans, end of year

 $(131.7) $(190.7) $(84.7) $(115.0) $(40.5) $(66.6)
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Fair value of plan assets at beginning of year

 $326.9  $291.0  $221.7  $199.2  $99.4  $87.0 

Actual return on plan assets

  (51.6)  49.7   (36.2)  33.1   (14.3)  15.6 

Employer contributions

  0.4   0.1   0.4   0.1       

Benefits paid

  (11.0)  (13.9)  (9.2)  (10.7)  (1.8)  (3.2)

Fair value of plan assets, end of year

 $264.7  $326.9  $176.7  $221.7  $83.3  $99.4 

Funded status of plans, end of year

 $116.6  $122.7  $61.9  $70.0  $53.4  $51.4 
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Current liabilities

 $(1.1) $(0.8) $(1.1) $(0.8) $  $ 

Noncurrent liabilities

  (130.6)  (189.9)  (83.6)  (114.2)  (40.5)  (66.6)

Total

 $(131.7) $(190.7) $(84.7) $(115.0) $(40.5) $(66.6)
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Noncurrent assets

 $151.6  $170.2  $96.9  $117.5  $53.4  $51.4 

Current liabilities

  (0.3)  (0.5)  (0.3)  (0.5)      

Noncurrent liabilities

  (34.7)  (47.0)  (34.7)  (47.0)      

Total

 $116.6  $122.7  $61.9  $70.0  $53.4  $51.4 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Net actuarial loss

 $132.0  $194.6  $93.6  $129.6  $41.2  $66.1 

Prior service credit

  (35.7)  (40.3)  (18.1)  (20.1)  (16.3)  (18.7)

Subtotal

  96.3   154.3   75.5   109.5   24.9   47.4 

Adjustments for amounts included in regulatory assets

  (93.1)  (149.5)  (72.3)  (104.7)  (24.9)  (47.4)

Total

 $3.2  $4.8  $3.2  $4.8  $  $ 
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Net actuarial gain

 $(83.3) $(101.2) $(74.2) $(85.8) $(5.6) $(11.5)

Prior service cost (credit)

  7.1   14.6   7.9   9.7   (0.8)  4.9 

Subtotal

  (76.2)  (86.6)  (66.3)  (76.1)  (6.4)  (6.6)

Adjustments for amounts included in regulatory assets

  76.2   86.6   66.3   76.1   6.4   6.6 

Total

 $  $  $  $  $  $ 
Defined Benefit Plan, Assumptions [Table Text Block]
  

2022

  

2021

  

2020

 

Weighted average discount rate - Spire Missouri East plan

  

3.00%

   

2.85%

   

3.20%

 

Weighted average discount rate - Spire Missouri West plan

  

3.00%

   

2.75%

   

3.15%

 

Weighted average rate of future compensation increase

  

3.00%

   

3.00%

   

3.00%

 

Expected long-term rate of return on plan assets

  

6.75%

   

6.75%

   

7.25%

 
  

2022

  

2021

  

2020

 

Weighted average discount rate

  

3.10%/3.0%

   

2.95%/2.80%

   

3.25%/3.20%

 

Weighted average rate of future compensation increase

  

3.00%

   

3.00%

   

3.00%

 

Expected long-term rate of return on plan assets

  

6.75%

   

6.75%

   

7.25%

 
  

2022

  

2021

 

Weighted average discount rate - Spire Missouri East plan

  

5.70%

   

3.00%

 

Weighted average discount rate - Spire Missouri West plan

  

5.80%

   

3.00%

 

Weighted average discount rate - Spire Alabama plans

  

5.70%/5.65%

   

3.1%/3.0%

 

Weighted average rate of future compensation increase

  

3.00%

   

3.00%

 

Cash balance interest crediting rate - Spire Alabama / Spire Missouri

  

4.25%

   

4.25%

 
  

2022

  

2021

  

2020

 

Weighted average discount rate - Spire Missouri plans

  

2.95%

   

2.75%

   

3.15%

 

Weighted average rate of future compensation increase

  

3.00%

   

3.00%

   

3.00%

 

Expected long-term rate of return on plan assets - Spire Missouri plans

  

5.75%

   

5.75%

   

6.25%

 
  

2022

  

2021

  

2020

 

Weighted average discount rate

  

2.95%

   

2.75%

   

3.15%

 

Expected long-term rate of return on plan assets

 

5.00%/6.25%

  

5.00%/6.25%

  

5.00%/6.25%

 
  

2022

  

2021

 

Weighted average discount rate - Spire Alabama plans

  

5.80%

   

2.95%

 

Weighted average discount rate - Spire Missouri plans

  

5.80%

   

2.95%

 

Weighted average rate of future compensation increase - Spire Missouri East plans

  

3.00%

   

3.00%

 
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]
  

Spire

  

Spire Missouri

  

Spire Alabama

 
  

2022

  

2021

  

2022

  

2021

  

2022

  

2021

 

Projected benefit obligation

 $464.4  $689.6  $320.6  $479.0  $97.8  $149.4 

Accumulated benefit obligation

  457.1   673.3   315.0   465.4   96.2   146.9 

Fair value of plan assets

  332.7   498.9   235.9   364.0   57.3   82.8 
Schedule of Allocation of Plan Assets [Table Text Block]

Spire Missouri

 

2022 Target

  

2022 Actual

  

2021 Target

  

2021 Actual

 

Return seeking assets

  70.0%  74.3%  70.0%  74.5%

Liability hedging assets

  30.0%  22.8%  30.0%  23.1%

Cash and cash equivalents

  %  2.9%  %  2.4%

Total

  100.0%  100.0%  100.0%  100.0%

Spire Alabama

 2022 Target  2022 Actual  2021 Target  2021 Actual 

Return seeking assets

  70.0%  68.7%  70.0%  72.8%

Liability hedging assets

  30.0%  25.3%  30.0%  25.5%

Cash and cash equivalents

  %  6.0%  %  1.7%

Total

  100.0%  100.0%  100.0%  100.0%

Spire Missouri

 

Target

  

2022 Actual

  

2021 Actual

 

Equity securities

  60.0%  58.7%  59.2%

Debt securities

  40.0%  40.5%  38.9%

Cash and cash equivalents

  %  0.8%  1.9%

Total

  100.0%  100.0%  100.0%

Spire Alabama

 

Target

  

2022 Actual

  

2021 Actual

 

Equity securities

  60.5%  57.7%  60.5%

Debt securities

  39.5%  42.3%  39.5%

Total

  100.0%  100.0%  100.0%
Schedule of Expected Benefit Payments [Table Text Block]
  

2023

  

2024

  

2025

  

2026

  

2027

   2028- 2032 

Spire

 $55.8  $52.3  $47.2  $44.0  $43.5  $202.9 

Spire Missouri

  41.4   38.9   33.9   30.8   29.6   137.5 

Spire Alabama

  11.3   10.2   9.9   9.7   10.4   46.4 
  

2023

  

2024

  

2025

  

2026

  

2027

   2028 - 2032 

Spire

 $13.7  $14.4  $14.6  $14.5  $14.7  $69.5 

Spire Missouri

  11.6   12.2   12.3   12.2   12.2   55.7 

Spire Alabama

  1.9   2.0   2.1   2.1   2.2   11.9 
Schedule of Health Care Cost Trend Rates [Table Text Block]
  

2022

  

2021

 

Medical cost trend assumed for next year - Spire Missouri

  

6.75%

   

7.00%

 

Medical cost trend assumed for next year - Spire Alabama

  

6.75%

   

7.00%

 

Rate to which the medical cost trend rate is assumed to decline (the ultimate medical cost trend rate)

  

5.00%

   

5.00%

 

Year the rate reaches the ultimate trend

  

2028

   

2028

 
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
  

Quoted Prices

  

Significant

  

Significant

     
  

in Active

  

Observable

  

Unobservable

     
  

Markets

  

Inputs

  

Inputs

     
  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Total

 

As of September 30, 2022

                

Cash and cash equivalents

 $11.5  $  $  $11.5 

Equity funds - global (including U.S.)

     122.2      122.2 

Real asset funds

     61.0      61.0 

Debt securities:

                

U.S. bond funds

  42.3         42.3 

U.S. government index funds

  36.1         36.1 

Global funds (including U.S.)

     59.6      59.6 

Total

 $89.9  $242.8  $  $332.7 
                 

As of September 30, 2021

                

Cash and cash equivalents

 $10.6  $  $  $10.6 

Equity funds - global (including U.S.)

     201.2      201.2 

Real asset funds

     87.7      87.7 

Debt securities:

                

U.S. bond funds

  58.4         58.4 

U.S. government index funds

  60.1         60.1 

Global funds (including U.S.)

     80.9      80.9 

Total

 $129.1  $369.8  $  $498.9 
  

Quoted Prices

  

Significant

  

Significant

     
  

in Active

  

Observable

  

Unobservable

     
  

Markets

  

Inputs

  

Inputs

     
  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Total

 

As of September 30, 2022

                

Cash and cash equivalents

 $3.5  $  $  $3.5 

U.S. stock/bond mutual funds

  177.1   69.4      246.5 

International fund

  0.8   13.9      14.7 

Total

 $181.4  $83.3  $  $264.7 
                 

As of September 30, 2021

                

Cash and cash equivalents

 $3.1  $  $  $3.1 

U.S. stock/bond mutual funds

  223.2   82.5      305.7 

International fund

  1.2   16.9      18.1 

Total

 $227.5  $99.4  $  $326.9 
  

Quoted Prices

  

Significant

  

Significant

     
  

in Active

  

Observable

  

Unobservable

     
  

Markets

  

Inputs

  

Inputs

     
  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Total

 

As of September 30, 2022

                

Cash and cash equivalents

 $5.7  $  $  $5.7 

Equity funds - global (including U.S.)

     85.7      85.7 

Real asset funds

     47.2      47.2 

Debt securities:

                

U.S. bond funds

  29.4         29.4 

U.S. government index funds

  24.6         24.6 

Global funds (including U.S.)

     43.3      43.3 

Total

 $59.7  $176.2  $  $235.9 
                 

As of September 30, 2021

                

Cash and cash equivalents

 $8.3  $  $  $8.3 

Equity funds - global (including U.S.)

     148.6      148.6 

Real asset funds

     59.2      59.2 

Debt securities:

                

U.S. bond funds

  38.4         38.4 

U.S. government index funds

  45.6         45.6 

Global funds (including U.S.)

     63.9      63.9 

Total

 $92.3  $271.7  $  $364.0 
  

Quoted Prices

  

Significant

  

Significant

     
  

in Active

  

Observable

  

Unobservable

     
  

Markets

  

Inputs

  

Inputs

     
  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Total

 

As of September 30, 2022

                

Cash and cash equivalents

 $2.7  $  $  $2.7 

U.S. stock/bond mutual funds

  174.0         174.0 

Total

 $176.7  $  $  $176.7 
                 

As of September 30, 2021

                

Cash and cash equivalents

 $2.4  $  $  $2.4 

U.S. stock/bond mutual funds

  219.3         219.3 

Total

 $221.7  $  $  $221.7 
  

Quoted Prices

  

Significant

  

Significant

     
  

in Active

  

Observable

  

Unobservable

     
  

Markets

  

Inputs

  

Inputs

     
  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Total

 

As of September 30, 2022

                

Cash and cash equivalents

 $3.5  $  $  $3.5 

Equity funds - global (including U.S.)

     21.6      21.6 

Real asset funds

     8.1      8.1 

Debt securities:

                

U.S. bond funds

  7.7         7.7 

U.S. government index funds

  6.8         6.8 

Global funds (including U.S.)

     9.6      9.6 

Total

 $18.0  $39.3  $  $57.3 
                 

As of September 30, 2021

                

Cash and cash equivalents

 $1.4  $  $  $1.4 

Equity funds - global (including U.S.)

     32.3      32.3 

Real asset funds

     14.6      14.6 

Debt securities:

                

U.S. bond funds

  12.3         12.3 

U.S. government index funds

  8.9         8.9 

Global funds (including U.S.)

     13.3      13.3 

Total

 $22.6  $60.2  $  $82.8 
  

Quoted Prices

  

Significant

  

Significant

     
  

in Active

  

Observable

  

Unobservable

     
  

Markets

  

Inputs

  

Inputs

     
  

(Level 1)

  

(Level 2)

  

(Level 3)

  

Total

 

As of September 30, 2022

                

U.S. stock/bond mutual funds

 $  $69.4  $  $69.4 

International fund

     13.9      13.9 

Total

 $  $83.3  $  $83.3 
                 

As of September 30, 2021

                

U.S. stock/bond mutual funds

 $  $82.5  $  $82.5 

International fund

     16.9      16.9 

Total

 $  $99.4  $  $99.4