Fair Value Measurement (Tables)

12 Months Ended

Jul. 31, 2013

Assets and Liabilities Fair Value Heirarchy

The following table presents Ferrellgas’ financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2013 and 2012:

	Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)		Total
July 31, 2013:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	3,783		$	—	$	3,783
Commodity derivatives propane swaps	$	—	$	2,532		$	—	$	2,532
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(4,998	)	$	—	$	(4,998	)
Commodity derivatives propane swaps	$	—	$	(907	)	$	—	$	(907	)
July 31, 2012:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	7,784		$	—	$	7,784
Commodity derivatives propane swaps	$	—	$	1,049		$	—	$	1,049
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(1,778	)	$	—	$	(1,778	)
Commodity derivatives propane swaps	$	—	$	(12,069	)	$	—	$	(12,069	)

Ferrellgas, L.P. [Member]

Assets and Liabilities Fair Value Heirarchy

The following table presents Ferrellgas L.P.’s financial assets and financial liabilities that are measured at fair value on a recurring basis for each of the fair value hierarchy levels, including both current and noncurrent portions, as of July 31, 2013 and 2012:

	Asset (Liability)
	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)			Unobservable Inputs (Level 3)		Total
July 31, 2013:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	3,783		$	—	$	3,783
Commodity derivatives propane swaps	$	—	$	2,532		$	—	$	2,532
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(4,998	)	$	—	$	(4,998	)
Commodity derivatives propane swaps	$	—	$	(907	)	$	—	$	(907	)
July 31, 2012:
Assets:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	7,784		$	—	$	7,784
Commodity derivatives propane swaps	$	—	$	1,049		$	—	$	1,049
Liabilities:
Derivative financial instruments:
Interest rate swap agreements	$	—	$	(1,778	)	$	—	$	(1,778	)
Commodity derivatives propane swaps	$	—	$	(12,069	)	$	—	$	(12,069	)