Income Taxes (Tables)

12 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Income Before Income Taxes

Income before income taxes comprises the following:

	2022		2021		2020
Domestic	$	362	$	647	$	424
Foreign	1,025		1,342		243
Total income before income taxes	$	1,387	$	1,989	$	667

Provisions for Income Taxes

The provisions for income taxes consist of the following:

	2022		2021		2020
Current expense (benefit):
Federal	$	24	$	(48)	$	(85)
State	18		7		4
Foreign	50		85		70
Total current expense (benefit)	92		44		(11)
Deferred expense (benefit):
Federal	45		168		135
State	(17)		48		19
Foreign	193		262		(8)
Total deferred expense	221		478		146
Total income tax expense	$	313	$	522	$	135

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:

	2022		2021		2020
U.S. federal statutory tax rate	21.0	%	21.0	%	21.0	%
Difference in tax rate due to:
Effects of U.S. tax legislation	—		(0.8)		(4.7)
Effects of tax rate changes - International	(2.3)		(1.3)		0.3
Effects of tax rate changes – State, net of federal benefit	(1.4)		—		—
State income taxes, net of federal benefit	1.5		1.9		2.8
Valuation allowance adjustments	(0.5)		1.0		—
Effects of foreign operations	4.4		4.6		1.3
Excess tax benefits on share-based payments	(0.3)		(0.1)		(0.2)
Other, net	0.2		(0.1)		(0.3)
Effective tax rate	22.6	%	26.2	%	20.2	%

Deferred Tax Liabilities (Assets)

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

	2022		2021
Excess book basis over tax basis of property, plant and equipment	$	867	$	937
Utility regulatory assets	106		105
Intangible assets and goodwill	75		77
Derivative instrument assets	514		322
Other	33		36
Gross deferred tax liabilities	1,595		1,477
Investment in AmeriGas Partners	(79)		(102)
Pension plan liabilities	(21)		(29)
Employee-related benefits	(38)		(45)
Operating loss carryforwards	(48)		(53)
Foreign tax credit carryforwards	(76)		(79)
Utility regulatory liabilities	(85)		(102)
Utility environmental liabilities	(15)		(16)
Other	(125)		(107)
Gross deferred tax assets	(487)		(533)
Deferred tax assets valuation allowance	141		138
Net deferred tax liabilities	$	1,249	$	1,082