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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Schedule of Other Non-Operating Income (Expense)

Other non-operating income (expense), net comprises the following:

	2019				2018				2017
Gains (losses) on foreign currency contracts, net	$	37.7			$	16.2			$	(23.9	)
Pension and other postretirement plans non-service income (expense), net	0.5				(0.6		)		(5.8		)
Total other non-operating income (expense), net	$	38.2			$	15.6			$	(29.7	)

Shares Used in Computing Basic and Diluted Earnings Per Share

In the following table, we present shares used in computing basic and diluted earnings per share for Fiscal 2019, Fiscal 2018 and Fiscal 2017:

(Thousands of shares)		2019			2018			2017
Weighted-average common shares outstanding for basic computation (a)		178,417			173,908			173,662
Incremental shares issuable for stock options and common stock awards (b)		2,694			2,997			3,497
Weighted-average common shares outstanding for diluted computation		181,111			176,905			177,159

(a) Fiscal 2019 includes the partial-year impact from the August 2019 issuance of 34,613 shares of UGI Common Stock in connection with the AmeriGas Merger (see Note 5).

(b)

For Fiscal 2019 and Fiscal 2017, there were 1,162 shares and 146 shares, respectively, associated with outstanding stock option awards that were not included in the computation of diluted earnings per share above because their effect was antidilutive.

Schedule of Reconciliation of the Total Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of the total cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the corresponding amounts reported on the Consolidated Statements of Cash Flows.

		Cash, Cash Equivalents and Restricted Cash
		September 30, 2019				September 30, 2018				September 30, 2017				September 30, 2016
Cash and cash equivalents		$	447.1			$	452.6			$	558.4			$	502.8
Restricted cash		63.7				9.6				10.3				15.6
Cash, cash equivalents and restricted cash		$	510.8			$	462.2			$	568.7			$	518.4

Schedule of Reconciliation of the Total Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of the total cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the corresponding amounts reported on the Consolidated Statements of Cash Flows.

		Cash, Cash Equivalents and Restricted Cash
		September 30, 2019				September 30, 2018				September 30, 2017				September 30, 2016
Cash and cash equivalents		$	447.1			$	452.6			$	558.4			$	502.8
Restricted cash		63.7				9.6				10.3				15.6
Cash, cash equivalents and restricted cash		$	510.8			$	462.2			$	568.7			$	518.4

Estimated Useful Lives by Type

At September 30, 2019, estimated useful lives by asset type were as follows:

Asset Type		Minimum Estimated Useful Life (in years)		Maximum Estimated Useful Life (in years)
Buildings and improvements		10		40
Equipment, primarily cylinders and tanks		5		30
Electricity generation facilities		25		40
Pipeline and related assets		25		40
Transportation equipment and office furniture and fixtures		3		10
Computer software		1		10

Property, plant and equipment comprise the following at September 30:

	2019				2018
Utility:
Distribution	$	3,366.2			$	3,106.6
Transmission	106.0				97.1
General and other	389.3				281.7
Work in process	76.6				130.9
Total Utility	3,938.1				3,616.3
Non-utility:
Land	183.5				191.4
Buildings and improvements	403.8				364.9
Transportation equipment	258.3				257.1
Equipment, primarily cylinders and tanks	3,455.2				3,375.4
Electric generation	326.9				319.5
Pipeline and related assets	1,150.2				473.0
Other	255.3				306.6
Work in process	101.7				57.9
Total non-utility	6,134.9				5,345.8
Total property, plant and equipment	$	10,073.0			$	8,962.1

Average Composite Depreciation Rates

The average composite depreciation rates at our Gas Utility and Electric Utility for Fiscal 2019, Fiscal 2018 and Fiscal 2017 were as follows:

	2019			2018			2017
Gas Utility	2.2	%		2.3	%		2.2	%
Electric Utility	2.1	%		2.2	%		2.4	%

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