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Common Stock and Equity-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2016
Share-based Compensation [Abstract]  
Common Stock Share Activity
UGI Common Stock share activity for Fiscal 2014, Fiscal 2015 and Fiscal 2016 follows:
 
Issued
 
Treasury
 
Outstanding
Balance, September 30, 2013
173,675,691

 
(2,032,404
)
 
171,643,287

Issued:
 
 
 
 
 
Employee and director plans
94,950

 
2,928,140

 
3,023,090

Repurchases of common stock

 
(1,227,654
)
 
(1,227,654
)
Reacquired common stock - employee and director plans

 
(1,164,942
)
 
(1,164,942
)
Balance, September 30, 2014
173,770,641

 
(1,496,860
)
 
172,273,781

Issued:
 
 
 
 
 
Employee and director plans
36,350

 
1,155,376

 
1,191,726

Repurchases of common stock

 
(1,000,000
)
 
(1,000,000
)
Reacquired common stock - employee and director plans

 
(77,004
)
 
(77,004
)
Balance, September 30, 2015
173,806,991

 
(1,418,488
)
 
172,388,503

Issued:
 
 
 
 
 
Employee and director plans
87,150

 
2,355,202

 
2,442,352

Repurchases of common stock

 
(1,250,000
)
 
(1,250,000
)
Reacquired common stock - employee and director plans

 
(620,406
)
 
(620,406
)
Balance, September 30, 2016
173,894,141

 
(933,692
)
 
172,960,449

Stock Option Awards
Stock option transactions under equity-based compensation plans during Fiscal 2014, Fiscal 2015 and Fiscal 2016 follow:
 
Shares
 
Weighted
Average
Option Price
 
Total
Intrinsic
Value
 
Weighted
Average
Contract Term
(Years)
Shares under option — September 30, 2013
10,193,952

 
$
19.28

 
$
69.6

 
6.8
Granted
1,665,600

 
$
27.93

 
 
 
 
Canceled
(86,707
)
 
$
22.76

 
 
 
 
Exercised
(2,815,555
)
 
$
17.44

 
$
37.4

 
 
Shares under option — September 30, 2014
8,957,290

 
$
21.44

 
$
113.3

 
7.0
Granted
1,336,985

 
$
37.70

 
 
 
 
Canceled
(85,365
)
 
$
30.45

 
 
 
 
Exercised
(953,533
)
 
$
19.10

 
$
15.4

 
 
Shares under option — September 30, 2015
9,255,377

 
$
23.97

 
$
104.5

 
6.6
Granted
1,510,625

 
$
34.67

 
 
 
 
Canceled
(84,213
)
 
$
34.13

 
 
 
 
Exercised
(2,193,338
)
 
$
20.38

 
$
40.1

 
 
Shares under option — September 30, 2016
8,488,451

 
$
26.68

 
$
157.6

 
6.6
Options exercisable — September 30, 2014
5,073,347

 
$
19.45

 
 
 
 
Options exercisable — September 30, 2015
6,050,946

 
$
20.74

 
 
 
 
Options exercisable — September 30, 2016
5,522,370

 
$
22.94

 
$
123.2

 
5.6
Options not exercisable — September 30, 2016
2,966,081

 
$
33.63

 
$
34.4

 
8.2
Additional Information Relating to Stock Options Outstanding and Exercisable
The following table presents additional information relating to stock options outstanding and exercisable at September 30, 2016:

 
Range of exercise prices
 
Under
$20.00
 
$20.01 -
$25.00
 
$25.01 -
$30.00
 
$30.01 - $35.00
Over $35.00
Options outstanding at September 30, 2016:
 
 
 
 
 
 
 
 
Number of options
1,876,551

 
2,209,352

 
1,591,195

 
1,453,584

1,357,769

Weighted average remaining contractual life (in years)
4.1

 
5.6

 
7.1

 
9.1

8.4

Weighted average exercise price
$
18.10

 
$
21.58

 
$
27.44

 
$
33.65

$
38.46

Options exercisable at September 30, 2016:
 
 
 
 
 
 
 
 
Number of options
1,876,551

 
2,073,902

 
1,033,454

 
117,050

421,413

Weighted average exercise price
$
18.10

 
$
21.56

 
$
27.34

 
$
32.90

$
37.73

Assumptions Used for Valuing Option Grants
The assumptions we used for valuing option grants during Fiscal 2016, Fiscal 2015 and Fiscal 2014 are as follows:

 
2016
 
2015
 
2014
Expected life of option
5.75 years
 
5.75 years
 
5.75 years
Weighted average volatility
19.5%
 
19.5%
 
24.3%
Weighted average dividend yield
2.6%
 
2.5%
 
2.9%
Expected volatility
19.3%
 
19.1% -19.5%
 
23.7% - 24.4%
Expected dividend yield
2.6%
 
2.5%
 
2.7% - 2.9%
Risk free rate
1.2% - 1.9%
 
1.5% - 1.8%
 
1.8% - 2.0%
Weighted Average Assumptions Used to Determine the Fair Value of UGI Performance Unit Awards and Related Compensation Costs
The following table summarizes the weighted average assumptions used to determine the fair value of UGI Performance Unit awards and related compensation costs:
 
Grants Awarded in Fiscal Year
 
2016
 
2015
 
2014
Risk free rate
1.3%
 
1.1%
 
0.8%
Expected life
3 years
 
3 years
 
3 years
Expected volatility
17.5%
 
15.9%
 
20.3%
Dividend yield
2.7%
 
2.3%
 
2.7%
UGI Performance Unit Award Activity
The following table summarizes UGI Unit award activity for Fiscal 2016:
 
Total
 
Vested
 
Non-Vested
 
Number of
UGI
Units
 
Weighted
Average
Grant Date
Fair Value
(per Unit)
 
Number of
UGI
Units
 
Weighted
Average
Grant Date
Fair Value
(per Unit)
 
Number of
UGI
Units
 
Weighted
Average
Grant Date
Fair Value
(per Unit)
September 30, 2015
1,136,251

 
$
23.78

 
803,817

 
$
20.19

 
332,434

 
$
32.28

UGI Performance Units:
 
 
 
 
 
 
 
 
 
 
 
Granted
178,160

 
$
32.64

 
25,291

 
$
32.77

 
152,869

 
$
32.62

Forfeited
(17,356
)
 
$
34.62

 

 
$

 
(17,356
)
 
$
34.62

Vested

 
$

 
154,339

 
$
28.66

 
(154,339
)
 
$
28.66

Unit awards paid
(296,687
)
 
$
25.98

 
(296,687
)
 
$
25.98

 

 
$

UGI Stock Units:
 
 
 
 
 
 
 
 
 
 
 
Granted (a)
52,493

 
$
34.39

 
39,093

 
$
33.40

 
13,400

 
$
37.29

Unit awards paid
(53,778
)
 
$
16.86

 
(53,778
)
 
$
16.86

 

 
$

September 30, 2016
999,083

 
$
25.44

 
672,075

 
$
21.17

 
327,008

 
$
34.21

(a)
Generally, shares granted under UGI Stock Unit awards are paid approximately 70% in shares. UGI Stock Unit awards granted in Fiscal 2015 and Fiscal 2014 were 39,801 and 44,814, respectively.
Schedule of Payment for UGI Performance Unit and UGI Stock Unit Awards in Shares and Cash
During Fiscal 2016, Fiscal 2015 and Fiscal 2014, the Company paid UGI Performance Unit and UGI Stock Unit awards in shares and cash as follows:
 
2016
 
2015
 
2014
UGI Performance Unit awards:
 
 
 
 
 
Number of original awards granted
308,362

 
294,300

 
331,038

Fiscal year granted
2013

 
2012

 
2011

Payment of awards:
 
 
 
 
 
Shares of UGI Common Stock issued, net of shares withheld for taxes
209,592

 
188,418

 
174,168

Cash paid
$
13.9

 
$
13.3

 
$
3.1

UGI Stock Unit awards:
 
 
 
 
 
Number of original awards granted
51,037

 
67,419

 
34,639

Payment of awards:
 
 
 
 
 
Shares of UGI Common Stock issued, net of shares withheld for taxes
39,422

 
44,034

 
22,604

Cash paid
$
0.7

 
$
0.8

 
$
0.4

Weighted Average Assumption Used to Determine the Fair Value of AmeriGas Performance Unit Awards and Related Compensation Costs
The following table summarizes the weighted-average assumptions used to determine the fair value of AmeriGas Performance Unit awards subject to market-based conditions and related compensation costs:
 
Grants Awarded in Fiscal Year
 
2016
 
2015
 
2014
Risk-free rate
1.3%
 
0.9%
 
0.8%
Expected life
3 years
 
3 years
 
3 years
Expected volatility
20.6%
 
19.2%
 
21.1%
Dividend yield
10.7%
 
6.8%
 
7.5%
AmeriGas Common Unit Based Award Activity
The following table summarizes AmeriGas Common Unit-based award activity for Fiscal 2016:
 
Total
 
Vested
 
Non-Vested
 
Number of
AmeriGas
Partners
Common
Units
Subject
to Award
 
Weighted
Average
Grant Date
Fair Value
(per Unit)
 
Number of
AmeriGas
Partners
Common
Units
Subject
to Award
 
Weighted
Average
Grant Date
Fair Value
(per Unit)
 
Number of
AmeriGas
Partners
Common
Units
Subject
to Award
 
Weighted
Average
Grant Date
Fair Value
(per Unit)
September 30, 2015
192,583

 
$
49.70

 
46,900

 
$
44.97

 
145,683

 
$
51.22

AmeriGas Performance Units:
 
 
 
 
 
 
 
 
 
 
 
  Granted
52,495

 
$
37.65

 
1,267

 
$
37.84

 
51,228

 
$
37.65

  Forfeited
(4,994
)
 
$
54.00

 

 
$

 
(4,994
)
 
$
54.00

  Vested

 
$

 
30,050

 
$
43.65

 
(30,050
)
 
$
43.65

  Awards paid
(34,616
)
 
$
42.44

 
(34,616
)
 
$
42.44

 

 
$

AmeriGas Stock Units:
 
 
 
 
 
 
 
 
 
 
 
  Granted
20,585

 
$
38.65

 
12,785

 
$
36.69

 
7,800

 
$
41.85

  Forfeited
(800
)
 
$
42.33

 

 
$

 
(800
)
 
$
42.33

  Vested

 
$

 
13,940

 
$
49.94

 
(13,940
)
 
$
49.94

  Awards paid
(14,704
)
 
$
49.94

 
(14,704
)
 
$
49.94

 

 
$

September 30, 2016
210,549

 
$
47.24

 
55,622

 
$
45.67

 
154,927

 
$
47.80

AmeriGas Common Unit Based Awards in Common Units and Cash
During Fiscal 2016, Fiscal 2015 and Fiscal 2014, the Partnership paid AmeriGas Performance Unit and AmeriGas Stock Unit awards in Common Units and cash as follows:
 
2016
 
2015
 
2014
AmeriGas Performance Unit awards:
 
 
 
 
 
Number of Common Units subject to original awards granted
44,800

 
55,750

 
41,251

Fiscal year granted
2013

 
2012

 
2011

Payment of awards:
 
 
 
 
 
AmeriGas Partners Common Units issued, net of units withheld for taxes
23,017

 

 

Cash paid
$
1.7

 
$

 
$

AmeriGas Stock Unit awards:
 
 
 
 
 
Number of Common Units subject to original awards granted
20,336

 
42,532

 
72,023

Payment of awards:
 
 
 
 
 
AmeriGas Partners Common Units issued, net of units withheld for taxes
9,272

 
21,509

 
40,842

Cash paid
$
0.4

 
$
0.8

 
$
1.4