The following table sets forth changes in UGI’s equity and the equity of the noncontrolling interests for the nine months ended June 30, 2012 and 2011:



				UGI Shareholders
	Non- controlling Interests			Common Stock		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Total Equity
Nine Months Ended June 30, 2012:
Balance September 30, 2011	$	213.4		$	937.4	$	1,085.8		$	(17.7	)	$	(27.8	)	$	2,191.1
Net income	46.5					214.1									260.6
Net losses on derivative instruments	(69.8		)						(74.1		)				(143.9		)
Reclassifications of net losses on derivative instruments	23.7								45.8						69.5
Benefit plans									0.3						0.3
Foreign currency translation and transaction adjustments									(33.9		)				(33.9		)
Dividends and distributions	(126.8		)			(88.7		)							(215.5		)
AmeriGas Partners Common Unit public offering	276.6														276.6
AmeriGas Common Units issued in connection with Heritage Acquisition	1,132.6														1,132.6
Adjustments to reflect change in ownership of AmeriGas Partners	(321.4		)	194.4					1.9						(125.1		)
Equity transactions—other	4.7			17.0								3.5			25.2
Other	(0.7		)												(0.7		)
Balance June 30, 2012	$	1,178.8		$	1,148.8	$	1,211.2		$	(77.7	)	$	(24.3	)	$	3,436.8
Nine Months Ended June 30, 2011:
Balance September 30, 2010	$	237.1		$	906.1	$	966.7		$	(10.1	)	$	(38.2	)	$	2,061.6
Net income	101.8					255.3									357.1
Net gains on derivative instruments	14.8								10.8						25.6
Reclassifications of net (gains) losses on derivative instruments	(16.0		)						27.0						11.0
Benefit plans									2.1						2.1
Foreign currency translation adjustments									37.8						37.8
Dividends and distributions	(69.7		)			(84.7		)							(154.4		)
Equity transactions	0.5			28.8								9.6			38.9
Other	1.2														1.2
Balance June 30, 2011	$	269.7		$	934.9	$	1,137.3		$	67.6		$	(28.6	)	$	2,380.9