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Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jan. 31, 2019

Fair Value of Financial Derivatives Balance Sheet Locations


		January 31, 2019
		Asset Derivatives					Liability Derivatives
Derivative Instrument		Location		Fair value			Location		Fair value
Derivatives designated as hedging instruments
Commodity derivatives-propane		Prepaid expenses and other current assets		$	5,408		Other current liabilities		$	13,859
Commodity derivatives-propane		Other assets, net			440		Other liabilities			1,289
		Total		$	5,848		Total		$	15,148


		July 31, 2018
		Asset Derivatives					Liability Derivatives
Derivative Instrument		Location		Fair value			Location		Fair value
Derivatives designated as hedging instruments
Commodity derivatives-propane		Prepaid expenses and other current assets		$	17,123		Other current liabilities		$	1,832
Commodity derivatives-propane		Other assets, net			5,347		Other liabilities			78
		Total		$	22,470		Total		$	1,910

Offsetting Assets And Liabilities [Table Text Block]


		January 31, 2019
		Assets					Liabilities
Description		Location		Amount			Location		Amount
Margin Balances		Prepaid expense and other current assets		$	10,977		Other current liabilities		$	1,734
		Other assets, net			2,617		Other liabilities			3
				$	13,594				$	1,737


		July 31, 2018
		Assets					Liabilities
Description		Location		Amount			Location		Amount
Margin Balances		Prepaid expense and other current assets		$	2,851		Other current liabilities		$	12,308
		Other assets, net			927		Other liabilities			4,235
				$	3,778				$	16,543

Fair Value Hedge Derivative Effect on Earnings


										Amount of Interest Expense
				Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
		Location of Gain		Derivative						(Related Hedged Item)
		Recognized on		For the three months ended January 31,						For the three months ended January 31,
Derivative Instrument		Derivative		2019			2018			2019			2018
Interest rate swap agreements		Interest expense		$	—		$	88		$	—		$	(2,275)


										Amount of Interest Expense
				Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
		Location of Amounts		Derivative						(Related Hedged Item)
		Recognized on		For the six months ended January 31,						For the six months ended January 31,
Derivative Instrument		Derivative		2019			2018			2019			2018
Interest rate swap agreements		Interest expense		$	—		$	226		$	—		$	(4,550)

Cash Flow Hedge Derivative Effect on Comprehensive Income


		For the three months ended January 31, 2019
							Amount of Gain (Loss)
		Amount of Gain			Location of Gain (Loss)		Reclassified from
		(Loss) Recognized in			Reclassified from		AOCI into Income
Derivative Instrument		AOCI			AOCI into Income		Effective portion			Ineffective portion
Commodity derivatives		$	(21,080)		Cost of product sold- propane and other gas liquids sales		$	3,807		$	—
		$	(21,080)				$	3,807		$	—


		For the three months ended January 31, 2018
							Amount of Gain (Loss)
		Amount of Gain (Loss)			Location of Gain (Loss)		Reclassified from
		Recognized in			Reclassified from		AOCI into Income
Derivative Instrument		AOCI			AOCI into Income		Effective portion			Ineffective portion
Commodity derivatives		$	960		Cost of sales-propane and other gas liquids sales		$	9,886		$	—
Interest rate swap agreements			112		Interest expense			(143)			—
		$	1,072				$	9,743		$	—


		For the six months ended January 31, 2019
							Amount of Gain (Loss)
		Amount of Gain (Loss)			Location of Gain (Loss)		Reclassified from
		Recognized in			Reclassified from		AOCI into Income
Derivative Instrument		AOCI			AOCI into Income		Effective portion			Ineffective portion
Commodity derivatives		$	(29,234)		Cost of sales-propane and other gas liquids sales		$	(626)		$	—
		$	(29,234)				$	(626)		$	—


		For the six months ended January 31, 2018
							Amount of Gain (Loss)
		Amount of Gain (Loss)			Location of Gain (Loss)		Reclassified from
		Recognized in			Reclassified from		AOCI into Income
Derivative Instrument		AOCI			AOCI into Income		Effective portion			Ineffective portion
Commodity derivatives		$	23,283		Cost of product sold- propane and other gas liquids sales		$	14,018		$	—
Interest rate swap agreements			238		Interest expense			(326)			—
		$	23,521				$	13,692		$	—

Derivatives not designated as hedging instruments effect on earnings


		For the three months ended January 31, 2019
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	—		Cost of sales - midstream operations


		For the three months ended January 31, 2018
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	(2,080)		Cost of sales - midstream operations


		For the six months ended January 31, 2019
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	—		Cost of sales - midstream operations


		For the six months ended January 31, 2018
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	(3,470)		Cost of sales - midstream operations

Changes in Derivative Value Effect on Other Comprehensive Income Loss


		For the six months ended January 31,
Gains and losses on derivatives included in AOCI		2019			2018
Beginning balance		$	20,560		$	14,648
Change in value of risk management commodity derivatives			(29,234)			23,283
Reclassification of gains on commodity hedges to cost of sales - propane and other gas liquids sales, net			(626)			(14,018)
Change in value of risk management interest rate derivatives			—			238
Reclassification of losses on interest rate hedges to interest expense			—			326
Ending balance		$	(9,300)		$	24,477

Ferrellgas, L.P. [Member]

Fair Value of Financial Derivatives Balance Sheet Locations


		January 31, 2019
		Asset Derivatives					Liability Derivatives
Derivative Instrument		Location		Fair value			Location		Fair value
Derivatives designated as hedging instruments
Commodity derivatives-propane		Prepaid expenses and other current assets		$	5,408		Other current liabilities		$	13,859
Commodity derivatives-propane		Other assets, net			440		Other liabilities			1,289
		Total		$	5,848		Total		$	15,148


		July 31, 2018
		Asset Derivatives					Liability Derivatives
Derivative Instrument		Location		Fair value			Location		Fair value
Derivatives designated as hedging instruments
Commodity derivatives-propane		Prepaid expenses and other current assets		$	17,123		Other current liabilities		$	1,832
Commodity derivatives-propane		Other assets, net			5,347		Other liabilities			78
		Total		$	22,470		Total		$	1,910

Offsetting Assets And Liabilities [Table Text Block]


		January 31, 2019
		Assets					Liabilities
Description		Location		Amount			Location		Amount
Margin Balances		Prepaid expense and other current assets		$	10,977		Other current liabilities		$	1,734
		Other assets, net			2,617		Other liabilities			3
				$	13,594				$	1,737


		July 31, 2018
		Assets					Liabilities
Description		Location		Amount			Location		Amount
Margin Balances		Prepaid expense and other current assets		$	2,851		Other current liabilities		$	12,308
		Other assets, net			927		Other liabilities			4,235
				$	3,778				$	16,543

Fair Value Hedge Derivative Effect on Earnings


										Amount of Interest Expense
		Location of Amounts		Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
		Recognized on		Derivative						(Related Hedged Item)
Derivative Instrument		Derivative		For the three months ended January 31,						For the three months ended January 31,
				2019			2018			2019			2018
Interest rate swap agreements		Interest expense		$	—		$	88		$	—		$	(2,275)


										Amount of Interest Expense
		Location of Gain		Amount of Gain Recognized on						Recognized on Fixed-Rated Debt
		Recognized on		Derivative						(Related Hedged Item)
Derivative Instrument		Derivative		For the six months ended January 31,						For the six months ended January 31,
				2019			2018			2019			2018
Interest rate swap agreements		Interest expense		$	—		$	226		$	—		$	(4,550)

Cash Flow Hedge Derivative Effect on Comprehensive Income


		For the three months ended January 31, 2019
							Amount of Gain (Loss)
					Location of Gain (Loss)		Reclassified from
		Amount of Gain (Loss)			Reclassified from AOCI		AOCI into Income
Derivative Instrument		Recognized in AOCI			into Income		Effective portion			Ineffective portion
Commodity derivatives		$	(21,080)		Cost of product sold- propane and other gas liquids sales		$	3,807		$	—
		$	(21,080)				$	3,807		$	—


		For the three months ended January 31, 2018
							Amount of Gain (Loss)
					Location of Gain (Loss)		Reclassified from
		Amount of Gain (Loss)			Reclassified from AOCI		AOCI into Income
Derivative Instrument		Recognized in AOCI			into Income		Effective portion			Ineffective portion
Commodity derivatives		$	960		Cost of sales-propane and other gas liquids sales		$	9,886		$	—
Interest rate swap agreements			112		Interest expense			(143)			—
		$	1,072				$	9,743		$	—


		For the six months ended January 31, 2019
							Amount of Gain (Loss)
					Location of Gain (Loss)		Reclassified from
		Amount of Gain (Loss)			Reclassified from AOCI		AOCI into Income
Derivative Instrument		Recognized in AOCI			into Income		Effective portion			Ineffective portion
Commodity derivatives		$	(29,234)		Cost of sales-propane and other gas liquids sales		$	(626)		$	—
		$	(29,234)				$	(626)		$	—


		For the six months ended January 31, 2018
							Amount of Gain (Loss)
					Location of Gain (Loss)		Reclassified from
		Amount of Gain (Loss)			Reclassified from AOCI		AOCI into Income
Derivative Instrument		Recognized in AOCI			into Income		Effective portion			Ineffective portion
Commodity derivatives		$	23,283		Cost of product sold- propane and other gas liquids sales		$	14,018		$	—
Interest rate swap agreements			238		Interest expense			(326)			—
		$	23,521				$	13,692		$	—

Derivatives not designated as hedging instruments effect on earnings


		For the three months ended January 31, 2019
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	—		Cost of sales - midstream operations


		For the three months ended January 31, 2018
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	(2,080)		Cost of sales - midstream operations


		For the six months ended January 31, 2019
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	—		Cost of sales - midstream operations


		For the six months ended January 31, 2018
		Amount of Gain (Loss)			Location of Gain (Loss)
Derivatives Not Designated as Hedging Instruments		Recognized in Income			Reclassified in Income
Commodity derivatives - crude oil		$	(3,470)		Cost of sales - midstream operations

Changes in Derivative Value Effect on Other Comprehensive Income Loss


		For the six months ended January 31,
Gains and losses on derivatives included in AOCI		2019			2018
Beginning balance		$	20,560		$	14,648
Change in value of risk management commodity derivatives			(29,234)			23,283
Reclassification of gains on commodity hedges to cost of sales - propane and other gas liquids sales, net			(626)			(14,018)
Change in value of risk management interest rate derivatives			—			238
Reclassification of losses on interest rate hedges to interest expense			—			326
Ending balance		$	(9,300)		$	24,477