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Segment Information (Tables) | 3 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
Three Months Ended December 31, 2018 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 2,200.2 |  |  | $ | — |  |  | $ | 820.2 |  |  | $ | 710.7 |  |  | $ | 372.5 |  |  | $ | 299.1 |  |  | $ | (2.3 | )
Intersegment revenues |  | $ | — |  |  | $ | (111.6 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 86.9 |  |  | $ | 23.6 |  |  | $ | 1.1 |
Cost of sales |  | $ | 1,425.0 |  |  | $ | (110.8 | ) | (c) | $ | 378.5 |  |  | $ | 448.6 |  |  | $ | 377.5 |  |  | $ | 159.5 |  |  | $ | 171.7 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 167.7 |  |  | $ | 0.4 |  |  | $ | 166.6 |  |  | $ | 58.3 |  |  | $ | 41.1 |  |  | $ | 77.0 |  |  | $ | (175.7 | )
Income from equity investees |  | 1.5 |  |  | — |  |  | — |  |  | — |  |  | 1.5 |  | (d) | — |  |  | — |
Loss on extinguishments of debt |  | (6.1 | ) |  | — |  |  | — |  |  | (6.1 | ) |  | — |  |  | — |  |  | — |
Other non-operating income (expense), net |  | 9.0 |  |  | — |  |  | — |  |  | 0.7 |  |  | — |  |  | 0.4 |  |  | 7.9 |
Interest expense |  | (60.2 | ) |  | — |  |  | (42.4 | ) |  | (5.4 | ) |  | (0.5 | ) |  | (11.7 | ) |  | (0.2 | )
Income (loss) before income taxes |  | $ | 111.9 |  |  | $ | 0.4 |  |  | $ | 124.2 |  |  | $ | 47.5 |  |  | $ | 42.1 |  |  | $ | 65.7 |  |  | $ | (168.0 | )
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 210.7 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income (loss) |  | $ | 24.3 |  |  | $ | — |  |  | $ | 81.5 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | (57.3 | )
Depreciation and amortization |  | $ | 111.2 |  |  | $ | — |  |  | $ | 45.7 |  |  | $ | 31.4 |  |  | $ | 11.5 |  |  | $ | 22.5 |  |  | $ | 0.1 |
Capital expenditures (including the effects of accruals) |  | $ | 161.8 |  |  | $ | — |  |  | $ | 31.0 |  |  | $ | 27.8 |  |  | $ | 25.1 |  |  | $ | 77.3 |  |  | $ | 0.6 |
As of December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 12,368.3 |  |  | $ | (144.3 | ) |  | $ | 4,020.6 |  |  | $ | 3,287.5 |  |  | $ | 1,504.9 |  |  | $ | 3,424.8 |  |  | $ | 274.8 |
Short-term borrowings |  | $ | 676.3 |  |  | $ | — |  |  | $ | 368.5 |  |  | $ | 1.8 |  |  | $ | 10.0 |  |  | $ | 296.0 |  |  | $ | — |
Goodwill |  | $ | 3,154.8 |  |  | $ | — |  |  | $ | 2,003.0 |  |  | $ | 951.9 |  |  | $ | 17.8 |  |  | $ | 182.1 |  |  | $ | — |
Three Months Ended December 31, 2017 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 2,125.2 |  |  | $ | — |  |  | $ | 787.3 |  |  | $ | 784.2 |  |  | $ | 249.8 |  |  | $ | 305.4 |  |  | $ | (1.5 | )
Intersegment revenues |  | $ | — |  |  | $ | (97.1 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 78.2 |  |  | $ | 17.7 |  |  | $ | 1.2 |
Cost of sales |  | $ | 1,137.4 |  |  | $ | (96.0 | ) | (c) | $ | 366.1 |  |  | $ | 484.8 |  |  | $ | 239.0 |  |  | $ | 151.8 |  |  | $ | (8.3 | )
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (e) |  | $ | 395.0 |  |  | $ | 0.2 |  |  | $ | 147.9 |  |  | $ | 93.2 |  |  | $ | 53.4 |  |  | $ | 96.9 |  |  | $ | 3.4 |
Income (loss) from equity investees |  | 1.0 |  |  | — |  |  | — |  |  | (0.2 | ) |  | 1.2 |  | (d) | — |  |  | — |
Other non-operating expense, net (e) |  | (8.0 | ) |  | — |  |  | — |  |  | (4.8 | ) |  | (1.1 | ) |  | (0.6 | ) |  | (1.5 | )
Interest expense |  | (58.2 | ) |  | — |  |  | (40.6 | ) |  | (5.6 | ) |  | (0.9 | ) |  | (10.9 | ) |  | (0.2 | )
Income before income taxes |  | $ | 329.8 |  |  | $ | 0.2 |  |  | $ | 107.3 |  |  | $ | 82.6 |  |  | $ | 52.6 |  |  | $ | 85.4 |  |  | $ | 1.7 |
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 194.1 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income (loss) |  | $ | 68.3 |  |  | $ | — |  |  | $ | 68.0 |  |  | $ | (0.3 | ) |  | $ | — |  |  | $ | — |  |  | $ | 0.6 |
Depreciation and amortization |  | $ | 110.3 |  |  | $ | — |  |  | $ | 47.4 |  |  | $ | 32.2 |  |  | $ | 10.1 |  |  | $ | 20.4 |  |  | $ | 0.2 |
Capital expenditures (including the effects of accruals) |  | $ | 128.5 |  |  | $ | — |  |  | $ | 23.6 |  |  | $ | 21.7 |  |  | $ | 11.3 |  |  | $ | 71.7 |  |  | $ | 0.2 |
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 12,343.9 |  |  | $ | (62.6 | ) |  | $ | 4,206.2 |  |  | $ | 3,450.1 |  |  | $ | 1,325.1 |  |  | $ | 3,174.7 |  |  | $ | 250.4 |
Short-term borrowings |  | $ | 586.1 |  |  | $ | — |  |  | $ | 263.5 |  |  | $ | 41.1 |  |  | $ | 100.0 |  |  | $ | 181.5 |  |  | $ | — |
Goodwill |  | $ | 3,185.5 |  |  | $ | — |  |  | $ | 2,001.3 |  |  | $ | 990.6 |  |  | $ | 11.5 |  |  | $ | 182.1 |  |  | $ | — |
(a)The following table provides a reconciliation of Partnership Adjusted EBITDA to AmeriGas Propane income before income taxes:
|  | Three Months Ended December 31,
|  | 2018 |  | 2017
Partnership Adjusted EBITDA |  | $ | 210.7 |  |  | $ | 194.1 |
Depreciation and amortization |  | (45.7 | ) |  | (47.4 | )
Interest expense |  | (42.4 | ) |  | (40.6 | )
Noncontrolling interest (i) |  | 1.6 |  |  | 1.2 |
Income before income taxes |  | $ | 124.2 |  |  | $ | 107.3 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.
(b) | Includes net pre-tax (losses) gains on commodity and certain foreign currency derivative instruments not associated with current-period transactions (including such amounts attributable to noncontrolling interests) totaling $(165.9) and $6.6 during the three months ended December 31, 2018 and 2017, respectively.
(c) | Represents the elimination of intersegment transactions principally among Midstream & Marketing, UGI Utilities and AmeriGas Propane.
(d) | Represents AFUDC associated with our PennEast Pipeline equity investment.
(e) | Amounts reflect the reclassification of non-service income (expense) associated with our pension and other postretirement plans from “Operating and administrative expenses” to “Other non-operating income (expense), net,” on the Condensed Consolidated Statements of Income as a result of the adoption of ASU No. 2017-07 (see Note 3).
Reconciliation of Adjusted EBITDA to (Loss) Income Before Income Taxes | The following table provides a reconciliation of Partnership Adjusted EBITDA to AmeriGas Propane income before income taxes:
|  | Three Months Ended December 31,
|  | 2018 |  | 2017
Partnership Adjusted EBITDA |  | $ | 210.7 |  |  | $ | 194.1 |
Depreciation and amortization |  | (45.7 | ) |  | (47.4 | )
Interest expense |  | (42.4 | ) |  | (40.6 | )
Noncontrolling interest (i) |  | 1.6 |  |  | 1.2 |
Income before income taxes |  | $ | 124.2 |  |  | $ | 107.3 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.

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