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Segment Information (Tables) | 6 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
Three Months Ended March 31, 2019 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 2,606.1 |  |  | $ | — |  |  | $ | 971.6 |  |  | $ | 783.2 |  |  | $ | 443.6 |  |  | $ | 404.3 |  |  | $ | 3.4 |
Intersegment revenues |  | $ | — |  |  | $ | (124.8 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 98.8 |  |  | $ | 25.3 |  |  | $ | 0.7 |
Cost of sales |  | $ | 1,426.9 |  |  | $ | (123.6 | ) | (c) | $ | 435.2 |  |  | $ | 444.7 |  |  | $ | 449.3 |  |  | $ | 218.0 |  |  | $ | 3.3 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 538.8 |  |  | $ | (0.4 | ) |  | $ | 246.4 |  |  | $ | 126.9 |  |  | $ | 51.3 |  |  | $ | 119.9 |  |  | $ | (5.3 | )
Income from equity investees |  | 1.6 |  |  | — |  |  | — |  |  | 0.1 |  |  | 1.5 |  | (d) | — |  |  | — |
Other non-operating income, net |  | 7.9 |  |  | — |  |  | — |  |  | 3.1 |  |  | — |  |  | 0.4 |  |  | 4.4 |
Interest expense |  | (61.0 | ) |  | — |  |  | (42.2 | ) |  | (6.1 | ) |  | (0.5 | ) |  | (12.2 | ) |  | — |
Income (loss) before income taxes |  | $ | 487.3 |  |  | $ | (0.4 | ) |  | $ | 204.2 |  |  | $ | 124.0 |  |  | $ | 52.3 |  |  | $ | 108.1 |  |  | $ | (0.9 | )
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 290.3 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income |  | $ | 151.3 |  |  | $ | — |  |  | $ | 138.7 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 12.4 |
Depreciation and amortization |  | $ | 108.9 |  |  | $ | (0.1 | ) |  | $ | 44.3 |  |  | $ | 30.6 |  |  | $ | 11.5 |  |  | $ | 22.3 |  |  | $ | 0.3 |
Capital expenditures (including the effects of accruals) |  | $ | 151.2 |  |  | $ | — |  |  | $ | 25.8 |  |  | $ | 22.1 |  |  | $ | 32.3 |  |  | $ | 70.8 |  |  | $ | 0.2 |
Three Months Ended March 31, 2018 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 2,812.0 |  |  | $ | — |  |  | $ | 1,040.3 |  |  | $ | 909.6 |  |  | $ | 436.2 |  |  | $ | 424.6 |  |  | $ | 1.3 |
Intersegment revenues |  | $ | — |  |  | $ | (188.9 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 129.0 |  |  | $ | 58.7 |  |  | $ | 1.2 |
Cost of sales |  | $ | 1,560.2 |  |  | $ | (187.9 | ) | (c) | $ | 483.7 |  |  | $ | 541.1 |  |  | $ | 418.6 |  |  | $ | 257.3 |  |  | $ | 47.4 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) (e) |  | $ | 591.0 |  |  | $ | 0.3 |  |  | $ | 266.6 |  |  | $ | 132.0 |  |  | $ | 107.6 |  |  | $ | 135.7 |  |  | $ | (51.2 | )
Income (loss) from equity investees |  | 0.7 |  |  | — |  |  | — |  |  | (0.1 | ) |  | 0.8 |  | (d) | — |  |  | — |
Other non-operating expense, net (e) |  | (12.5 | ) |  | — |  |  | — |  |  | (9.2 | ) |  | (0.1 | ) |  | (0.6 | ) |  | (2.6 | )
Interest expense |  | (58.1 | ) |  | — |  |  | (41.0 | ) |  | (5.2 | ) |  | (0.7 | ) |  | (11.1 | ) |  | (0.1 | )
Income (loss) before income taxes |  | $ | 521.1 |  |  | $ | 0.3 |  |  | $ | 225.6 |  |  | $ | 117.5 |  |  | $ | 107.6 |  |  | $ | 124.0 |  |  | $ | (53.9 | )
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 309.5 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income (loss) |  | $ | 131.7 |  |  | $ | — |  |  | $ | 155.7 |  |  | $ | (1.2 | ) |  | $ | — |  |  | $ | — |  |  | $ | (22.8 | )
Depreciation and amortization |  | $ | 112.2 |  |  | $ | (0.1 | ) |  | $ | 45.2 |  |  | $ | 34.9 |  |  | $ | 10.8 |  |  | $ | 21.1 |  |  | $ | 0.3 |
Capital expenditures (including the effects of accruals) |  | $ | 110.1 |  |  | $ | — |  |  | $ | 23.6 |  |  | $ | 26.1 |  |  | $ | 4.3 |  |  | $ | 55.1 |  |  | $ | 1.0 |
Six Months Ended March 31, 2019 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 4,806.3 |  |  | $ | — |  |  | $ | 1,791.8 |  |  | $ | 1,493.9 |  |  | $ | 816.1 |  |  | $ | 703.4 |  |  | $ | 1.1 |
Intersegment revenues |  | $ | — |  |  | $ | (236.4 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 185.7 |  |  | $ | 48.9 |  |  | $ | 1.8 |
Cost of sales |  | $ | 2,851.9 |  |  | $ | (234.4 | ) | (c) | $ | 813.7 |  |  | $ | 893.3 |  |  | $ | 826.8 |  |  | $ | 377.5 |  |  | $ | 175.0 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) |  | $ | 706.5 |  |  | $ | — |  |  | $ | 413.0 |  |  | $ | 185.2 |  |  | $ | 92.4 |  |  | $ | 196.9 |  |  | $ | (181.0 | )
Income from equity investees |  | 3.1 |  |  | — |  |  | — |  |  | 0.1 |  |  | 3.0 |  | (d) | — |  |  | — |
Loss on extinguishments of debt |  | (6.1 | ) |  | — |  |  | — |  |  | (6.1 | ) |  | — |  |  | — |  |  | — |
Other non-operating income, net |  | 16.9 |  |  | — |  |  | — |  |  | 3.8 |  |  | — |  |  | 0.8 |  |  | 12.3 |
Interest expense |  | (121.2 | ) |  | — |  |  | (84.6 | ) |  | (11.5 | ) |  | (1.0 | ) |  | (23.9 | ) |  | (0.2 | )
Income (loss) before income taxes |  | $ | 599.2 |  |  | $ | — |  |  | $ | 328.4 |  |  | $ | 171.5 |  |  | $ | 94.4 |  |  | $ | 173.8 |  |  | $ | (168.9 | )
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 500.9 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income (loss) |  | $ | 175.6 |  |  | $ | — |  |  | $ | 220.2 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | — |  |  | $ | (44.9 | )
Depreciation and amortization |  | $ | 220.1 |  |  | $ | (0.1 | ) |  | $ | 90.0 |  |  | $ | 62.0 |  |  | $ | 23.0 |  |  | $ | 44.8 |  |  | $ | 0.4 |
Capital expenditures (including the effects of accruals) |  | $ | 313.0 |  |  | $ | — |  |  | $ | 56.8 |  |  | $ | 49.9 |  |  | $ | 57.4 |  |  | $ | 148.1 |  |  | $ | 0.8 |
As of March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 12,350.9 |  |  | $ | (121.5 | ) |  | $ | 3,978.1 |  |  | $ | 3,229.6 |  |  | $ | 1,500.9 |  |  | $ | 3,438.4 |  |  | $ | 325.4 |
Short-term borrowings |  | $ | 341.0 |  |  | $ | — |  |  | $ | 236.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 105.0 |  |  | $ | — |
Goodwill |  | $ | 3,147.8 |  |  | $ | — |  |  | $ | 2,003.1 |  |  | $ | 944.8 |  |  | $ | 17.8 |  |  | $ | 182.1 |  |  | $ | — |
Six Months Ended March 31, 2018 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (b)
Revenues |  | $ | 4,937.2 |  |  | $ | — |  |  | $ | 1,827.6 |  |  | $ | 1,693.8 |  |  | $ | 686.0 |  |  | $ | 730.0 |  |  | $ | (0.2 | )
Intersegment revenues |  | $ | — |  |  | $ | (286.0 | ) | (c) | $ | — |  |  | $ | — |  |  | $ | 207.2 |  |  | $ | 76.4 |  |  | $ | 2.4 |
Cost of sales |  | $ | 2,697.6 |  |  | $ | (283.9 | ) | (c) | $ | 849.8 |  |  | $ | 1,025.9 |  |  | $ | 657.6 |  |  | $ | 409.1 |  |  | $ | 39.1 |
Segment profit: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating income (loss) (e) |  | $ | 986.0 |  |  | $ | 0.5 |  |  | $ | 414.5 |  |  | $ | 225.2 |  |  | $ | 161.0 |  |  | $ | 232.6 |  |  | $ | (47.8 | )
Income (loss) from equity investees |  | 1.7 |  |  | — |  |  | — |  |  | (0.3 | ) |  | 2.0 |  | (d) | — |  |  | — |
Other non-operating expense, net (e) |  | (20.5 | ) |  | — |  |  | — |  |  | (14.0 | ) |  | (1.2 | ) |  | (1.2 | ) |  | (4.1 | )
Interest expense |  | (116.3 | ) |  | — |  |  | (81.6 | ) |  | (10.8 | ) |  | (1.6 | ) |  | (22.0 | ) |  | (0.3 | )
Income (loss) before income taxes |  | $ | 850.9 |  |  | $ | 0.5 |  |  | $ | 332.9 |  |  | $ | 200.1 |  |  | $ | 160.2 |  |  | $ | 209.4 |  |  | $ | (52.2 | )
Partnership Adjusted EBITDA (a) |  |  |  |  |  | $ | 503.6 |  |  |  |  |  |  |  |  |
Noncontrolling interests’ net income (loss) |  | $ | 200.0 |  |  | $ | — |  |  | $ | 223.7 |  |  | $ | (1.5 | ) |  | $ | — |  |  | $ | — |  |  | $ | (22.2 | )
Depreciation and amortization |  | $ | 222.5 |  |  | $ | (0.1 | ) |  | $ | 92.6 |  |  | $ | 67.1 |  |  | $ | 20.9 |  |  | $ | 41.5 |  |  | $ | 0.5 |
Capital expenditures (including the effects of accruals) |  | $ | 238.6 |  |  | $ | — |  |  | $ | 47.2 |  |  | $ | 47.8 |  |  | $ | 15.6 |  |  | $ | 126.8 |  |  | $ | 1.2 |
As of March 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 12,445.3 |  |  | $ | (59.4 | ) |  | $ | 4,149.8 |  |  | $ | 3,562.3 |  |  | $ | 1,347.7 |  |  | $ | 3,204.0 |  |  | $ | 240.9 |
Short-term borrowings |  | $ | 302.8 |  |  | $ | — |  |  | $ | 154.5 |  |  | $ | 3.3 |  |  | $ | 10.0 |  |  | $ | 135.0 |  |  | $ | — |
Goodwill |  | $ | 3,218.1 |  |  | $ | — |  |  | $ | 2,001.3 |  |  | $ | 1,023.2 |  |  | $ | 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 March 31, |  | Six Months Ended March 31,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Partnership Adjusted EBITDA |  | $ | 290.3 |  |  | $ | 309.5 |  |  | $ | 500.9 |  |  | $ | 503.6 |
Depreciation and amortization |  | (44.3 | ) |  | (45.2 | ) |  | (90.0 | ) |  | (92.6 | )
Interest expense |  | (42.2 | ) |  | (41.0 | ) |  | (84.6 | ) |  | (81.6 | )
Merger expense |  | (0.9 | ) |  | — |  |  | (0.9 | ) |  | — |
Noncontrolling interest (i) |  | 1.3 |  |  | 2.3 |  |  | 3.0 |  |  | 3.5 |
Income before income taxes |  | $ | 204.2 |  |  | $ | 225.6 |  |  | $ | 328.4 |  |  | $ | 332.9 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.
(b) | Includes net pre-tax gains (losses) on commodity and certain foreign currency derivative instruments not associated with current-period transactions (including such amounts attributable to noncontrolling interests) totaling $4.7 and $(48.1) for the three months ended March 31, 2019 and 2018, respectively, and $(161.2) and $(41.5) for the six months ended March 31, 2019 and 2018, 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 March 31, |  | Six Months Ended March 31,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Partnership Adjusted EBITDA |  | $ | 290.3 |  |  | $ | 309.5 |  |  | $ | 500.9 |  |  | $ | 503.6 |
Depreciation and amortization |  | (44.3 | ) |  | (45.2 | ) |  | (90.0 | ) |  | (92.6 | )
Interest expense |  | (42.2 | ) |  | (41.0 | ) |  | (84.6 | ) |  | (81.6 | )
Merger expense |  | (0.9 | ) |  | — |  |  | (0.9 | ) |  | — |
Noncontrolling interest (i) |  | 1.3 |  |  | 2.3 |  |  | 3.0 |  |  | 3.5 |
Income before income taxes |  | $ | 204.2 |  |  | $ | 225.6 |  |  | $ | 328.4 |  |  | $ | 332.9 |
(i) | Principally represents the General Partner’s 1.01% interest in AmeriGas OLP.

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