Income Taxes (Tables)

12 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes comprises the following:

	2021		2020		2019
Domestic	$	647	$	424	$	330
Foreign	1,342		243		71
Total income before income taxes	$	1,989	$	667	$	401

Provisions for Income Taxes

The provisions for income taxes consist of the following:

	2021		2020		2019
Current expense (benefit):
Federal	$	(48)	$	(85)	$	52
State	7		4		14
Foreign	85		70		70
Total current (benefit) expense	44		(11)		136
Deferred expense (benefit):
Federal	168		135		3
State	48		19		4
Foreign	262		(8)		(50)
Total deferred expense (benefit)	478		146		(43)
Total income tax expense	$	522	$	135	$	93

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:

	2021		2020		2019
U.S. federal statutory tax rate	21.0	%	21.0	%	21.0	%
Difference in tax rate due to:
Effect of U.S. tax legislation	(0.8)		(4.7)		0.2
Effect of tax rate changes - International	(1.3)		0.3		(0.5)
Noncontrolling interests not subject to tax	—		—		(2.7)
State income taxes, net of federal benefit	1.9		2.8		3.6
Valuation allowance adjustments	1.0		—		—
Effects of foreign operations	4.6		1.3		1.8
Excess tax benefits on share-based payments	(0.1)		(0.2)		(1.0)
Other, net	(0.1)		(0.3)		0.7
Effective tax rate	26.2	%	20.2	%	23.1	%

Deferred Tax Liabilities (Assets)

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

	2021		2020
Excess book basis over tax basis of property, plant and equipment	$	937	$	830
Utility regulatory assets	105		112
Intangible assets and goodwill	77		107
Derivative instrument assets	322		—
Other	36		32
Gross deferred tax liabilities	1,477		1,081
Investment in AmeriGas Partners	(102)		(216)
Pension plan liabilities	(29)		(48)
Employee-related benefits	(45)		(46)
Operating loss carryforwards	(53)		(34)
Foreign tax credit carryforwards	(79)		(81)
Utility regulatory liabilities	(102)		(94)
Derivative instrument liabilities	—		(26)
Utility environmental liabilities	(16)		(16)
Other	(107)		(54)
Gross deferred tax assets	(533)		(615)
Deferred tax assets valuation allowance	138		105
Net deferred tax liabilities	$	1,082	$	571