Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes comprises the following:

	2014		2013		2012
Domestic	$	699.2	$	494.1	$	245.6
Foreign	68.6		96.3		59.0
Total income before income taxes	$	767.8	$	590.4	$	304.6

Provisions for Income Taxes

The provisions for income taxes consist of the following:

	2014			2013			2012
Current expense (benefit):
Federal	$	102.4		$	53.3		$	(10.4	)
State	30.7			25.1			11.2
Foreign	37.0			37.3			18.8
Investment tax credit	(1.6		)	(1.6		)	(2.9		)
Total current expense	168.5			114.1			16.7
Deferred expense (benefit):
Federal	61.9			54.6			81.7
State	7.8			(0.7		)	7.0
Foreign	(2.7		)	(4.9		)	1.8
Investment tax credit amortization	(0.3		)	(0.3		)	(0.3		)
Total deferred expense	66.7			48.7			90.2
Total income tax expense	$	235.2		$	162.8		$	106.9

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:

	2014		2013		2012
U.S. federal statutory tax rate	35.0	%	35.0	%	35.0	%
Difference in tax rate due to:
Noncontrolling interests not subject to tax	(9.0	)	(8.7	)	1.2
State income taxes, net of federal benefit	3.4		3.4		4.0
Valuation allowance adjustments	—		(0.5	)	(1.5	)
Effects of foreign operations	1.0		(1.8	)	(3.3	)
Other, net	0.2		0.2		(0.3	)
Effective tax rate	30.6	%	27.6	%	35.1	%

Deferred Tax Liabilities (Assets)

Deferred tax liabilities (assets) comprise the following at September 30:

	2014			2013
Excess book basis over tax basis of property, plant and equipment	$	675.7		$	626.9
Investment in AmeriGas Partners	325.1			313.0
Intangible assets and goodwill	53.0			65.1
Utility regulatory assets	110.0			101.6
Foreign currency translation adjustment	—			9.5
Other	3.5			2.7
Gross deferred tax liabilities	1,167.3			1,118.8
Pension plan liabilities	(40.6		)	(36.2		)
Employee-related benefits	(48.8		)	(47.9		)
Operating loss carryforwards	(27.9		)	(32.1		)
Foreign tax credit carryforwards	(47.8		)	(81.8		)
Utility regulatory liabilities	(14.8		)	(15.5		)
Foreign currency translation adjustment	(14.1		)	—
Derivative instruments	(11.0		)	(15.0		)
Other	(13.0		)	(20.5		)
Gross deferred tax assets	(218.0		)	(249.0		)
Deferred tax assets valuation allowance	59.2			97.6
Net deferred tax liabilities	$	1,008.5		$	967.4

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:

	2014			2013			2012
Unrecognized tax benefits - beginning of year	$	3.4		$	2.9		$	6.3
Additions for tax positions of the current year	0.7			0.7			0.5
Additions for tax positions taken in prior years	—			—			0.6
Settlements with tax authorities	(1.7		)	(0.2		)	(4.5		)
Unrecognized tax benefits - end of year	$	2.4		$	3.4		$	2.9