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v3.20.2

Segment Information (Tables) | 12 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
| Total |  | Elim- inations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (a)
2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 6,559 |  |  | $ | — |  |  | $ | 2,381 |  |  | $ | 2,127 |  |  | $ | 1,065 |  |  | $ | 983 |  |  | $ | 3 |
Intersegment revenues | $ | — |  |  | $ | (232) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 182 |  |  | $ | 47 |  |  | $ | 3 |
Cost of sales | $ | 3,149 |  |  | $ | (229) |  | (b) | $ | 960 |  |  | $ | 1,191 |  |  | $ | 892 |  |  | $ | 448 |  |  | $ | (113) |
Operating income (loss) | $ | 982 |  |  | $ | — |  |  | $ | 373 |  |  | $ | 241 |  | (c) | $ | 140 |  |  | $ | 229 |  |  | $ | (1) |
Income from equity investees | 27 |  |  | — |  |  | — |  |  | — |  |  | 27 |  | (d) | — |  |  | — |
Other non-operating (expense) income, net | (20) |  |  | — |  |  | — |  |  | 18 |  |  | 1 |  |  | — |  |  | (39) |
Earnings (losses) before interest expense and income taxes | 989 |  |  | — |  |  | 373 |  |  | 259 |  |  | 168 |  |  | 229 |  |  | (40) |
Interest expense | (322) |  |  | — |  |  | (164) |  |  | (31) |  |  | (42) |  |  | (54) |  |  | (31) |
Income tax (expense) benefit | (135) |  |  | — |  |  | (53) |  |  | (55) |  |  | (34) |  |  | (39) |  |  | 46 |
Net income (loss) attributable to UGI | $ | 532 |  |  | $ | — |  |  | $ | 156 |  |  | $ | 173 |  |  | $ | 92 |  |  | $ | 136 |  |  | $ | (25) |
Depreciation and amortization | $ | 484 |  |  | $ | — |  |  | $ | 178 |  |  | $ | 125 |  |  | $ | 75 |  |  | $ | 105 |  |  | $ | 1 |
Total assets | $ | 13,985 |  |  | $ | (282) |  |  | $ | 4,327 |  |  | $ | 3,123 |  |  | $ | 2,775 |  |  | $ | 3,809 |  |  | $ | 233 |
Short-term borrowings | $ | 347 |  |  | $ | — |  |  | $ | 186 |  |  | $ | 1 |  |  | $ | 19 |  |  | $ | 141 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 665 |  |  | $ | — |  |  | $ | 135 |  |  | $ | 89 |  |  | $ | 93 |  |  | $ | 348 |  |  | $ | — |
Investments in equity investees | $ | 200 |  |  | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | 190 |  |  | $ | — |  |  | $ | — |
2019 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 7,320 |  |  | $ | — |  |  | $ | 2,682 |  |  | $ | 2,372 |  |  | $ | 1,281 |  |  | $ | 981 |  |  | $ | 4 |
Intersegment revenues | $ | — |  |  | $ | (306) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 235 |  |  | $ | 68 |  |  | $ | 3 |
Cost of sales | $ | 4,323 |  |  | $ | (301) |  | (b) | $ | 1,191 |  |  | $ | 1,416 |  |  | $ | 1,241 |  |  | $ | 481 |  |  | $ | 295 |
Operating income (loss) | $ | 617 |  |  | $ | — |  |  | $ | 404 |  |  | $ | 229 |  |  | $ | 105 |  |  | $ | 224 |  |  | $ | (345) |
Income from equity investees | 9 |  |  | — |  |  | — |  |  | — |  |  | 9 |  | (d) | — |  |  | — |
Loss on extinguishments of debt | (6) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6) |
Other non-operating income (expense), net | 39 |  |  | (1) |  |  | — |  |  | 5 |  |  | — |  |  | 2 |  |  | 33 |
Earnings (losses) before interest expense and income taxes | 659 |  |  | (1) |  |  | 404 |  |  | 234 |  |  | 114 |  |  | 226 |  |  | (318) |
Interest expense | (258) |  |  | — |  |  | (167) |  |  | (25) |  |  | (9) |  |  | (50) |  |  | (7) |
Income tax (expense) benefit | (93) |  |  | — |  |  | (26) |  |  | (64) |  |  | (27) |  |  | (43) |  |  | 67 |
Noncontrolling interests’ net (income) loss | (52) |  |  | — |  |  | (143) |  |  | — |  |  | — |  |  | — |  |  | 91 |
Net income (loss) attributable to UGI | $ | 256 |  |  | $ | (1) |  |  | $ | 68 |  |  | $ | 145 |  |  | $ | 78 |  |  | $ | 133 |  |  | $ | (167) |
| Total |  | Elim- inations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | UGI Utilities |  | Corporate & Other (a)
Depreciation and amortization | $ | 448 |  |  | $ | — |  |  | $ | 179 |  |  | $ | 124 |  |  | $ | 51 |  |  | $ | 93 |  |  | $ | 1 |
Total assets | $ | 13,347 |  |  | $ | (353) |  |  | $ | 4,095 |  |  | $ | 2,975 |  |  | $ | 2,745 |  |  | $ | 3,560 |  |  | $ | 325 |
Short-term borrowings | $ | 796 |  |  | $ | — |  |  | $ | 328 |  |  | $ | 211 |  |  | $ | 91 |  |  | $ | 166 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 707 |  |  | $ | — |  |  | $ | 107 |  |  | $ | 106 |  |  | $ | 138 |  |  | $ | 355 |  |  | $ | 1 |
Investments in equity investees | $ | 190 |  |  | $ | — |  |  | $ | — |  |  | $ | 12 |  |  | $ | 178 |  |  | $ | — |  |  | $ | — |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 7,651 |  |  | $ | — |  |  | $ | 2,823 |  |  | $ | 2,684 |  |  | $ | 1,149 |  |  | $ | 998 |  |  | $ | (3) |
Intersegment revenues | $ | — |  |  | $ | (371) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 273 |  |  | $ | 94 |  |  | $ | 4 |
Cost of sales | $ | 4,075 |  |  | $ | (367) |  | (b) | $ | 1,315 |  |  | $ | 1,620 |  |  | $ | 1,091 |  |  | $ | 523 |  |  | $ | (107) |
Operating income (loss) | $ | 1,065 |  |  | $ | 1 |  |  | $ | 422 |  |  | $ | 248 |  |  | $ | 175 |  |  | $ | 240 |  |  | $ | (21) |
Income (loss) from equity investees | 4 |  |  | — |  |  | — |  |  | (1) |  |  | 5 |  | (d) | — |  |  | — |
Other non-operating income (expense), net | 16 |  |  | (1) |  |  | — |  |  | (7) |  |  | (1) |  |  | (2) |  |  | 27 |
Earnings before interest expense and income taxes | 1,085 |  |  | — |  |  | 422 |  |  | 240 |  |  | 179 |  |  | 238 |  |  | 6 |
Interest expense | (230) |  |  | — |  |  | (163) |  |  | (21) |  |  | (2) |  |  | (43) |  |  | (1) |
Income tax (expense) benefit (e) | (33) |  |  | (1) |  |  | (31) |  |  | (69) |  |  | (50) |  |  | (54) |  |  | 172 |
Noncontrolling interests’ net (income) loss | (103) |  |  | — |  |  | (152) |  |  | 3 |  |  | — |  |  | — |  |  | 46 |
Net income (loss) attributable to UGI | $ | 719 |  |  | $ | (1) |  |  | $ | 76 |  |  | $ | 153 |  |  | $ | 127 |  |  | $ | 141 |  |  | $ | 223 |
Depreciation and amortization | $ | 455 |  |  | $ | — |  |  | $ | 186 |  |  | $ | 141 |  |  | $ | 43 |  |  | $ | 85 |  |  | $ | — |
Total assets | $ | 11,981 |  |  | $ | (125) |  |  | $ | 3,934 |  |  | $ | 3,279 |  |  | $ | 1,329 |  |  | $ | 3,266 |  |  | $ | 298 |
Short-term borrowings | $ | 425 |  |  | $ | — |  |  | $ | 232 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 190 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 597 |  |  | $ | — |  |  | $ | 101 |  |  | $ | 111 |  |  | $ | 43 |  |  | $ | 339 |  |  | $ | 3 |
Investments in equity investees | $ | 88 |  |  | $ | — |  |  | $ | — |  |  | $ | 13 |  |  | $ | 75 |  |  | $ | — |  |  | $ | — |
(a)Corporate & Other includes specific items attributable to our reportable segments that are not included in the segment profit measures used by our CODM in assessing our reportable segments’ performance or allocating resources. The following table presents such pre-tax gains (losses) which have been included in Corporate & Other, and the reportable segments to which they relate, for Fiscal 2020, Fiscal 2019 and Fiscal 2018:
|  | Location on Income Statement |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing
2020 |  |  |  |  |  |  |  |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | — |  |  | $ | 3 |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Cost of Sales |  | $ | 72 |  |  | $ | — |  |  | $ | 42 |
Unrealized losses on foreign currency derivative instruments |  | Other non-operating (expense) income, net |  | $ | — |  |  | $ | (36) |  |  | $ | — |
Acquisition and integration expenses associated with the CMG Acquisition |  | Operating and administrative expenses |  | $ | — |  |  | $ | — |  |  | $ | (2) |
LPG business transformation expenses |  | Operating and administrative expenses |  | $ | (44) |  |  | $ | (18) |  |  | $ | — |
Loss on disposals of Conemaugh and HVAC |  | Loss on disposals of Conemaugh and HVAC |  | $ | — |  |  | $ | — |  |  | $ | (54) |
2019 |  |  |  |  |  |  |  |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Net losses on commodity derivative instruments not associated with current-period transactions |  | Cost of sales |  | $ | (117) |  |  | $ | (143) |  |  | $ | (35) |
Unrealized gains on foreign currency derivative instruments |  | Other non-operating (expense) income, net |  | $ | — |  |  | $ | 32 |  |  | $ | — |
Loss on extinguishments of debt |  | Loss on extinguishment of debt |  | $ | — |  |  | $ | (6) |  |  | $ | — |
AmeriGas Merger expenses |  | Operating and administrative expenses |  | $ | (6) |  |  | $ | — |  |  | $ | — |
Acquisition and integration expenses associated with the CMG Acquisition |  | Operating and administrative expenses |  | $ | — |  |  | $ | — |  |  | $ | (16) |
LPG business transformation expenses |  | Operating and administrative expenses |  | $ | (15) |  |  | $ | (9) |  |  | $ | — |
2018 |  |  |  |  |  |  |  |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | — |  |  | $ | (4) |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Cost of Sales |  | $ | 13 |  |  | $ | 93 |  |  | $ | 2 |
Unrealized gains on foreign currency derivative instruments |  | Other non-operating (expense) income, net |  | $ | — |  |  | $ | 29 |  |  | $ | — |
Integration expenses associated with Finagaz |  | Operating and administrative expenses |  | $ | — |  |  | $ | (31) |  |  | $ | — |
Impairment of Partnership tradenames and trademarks |  | Impairment of Partnership tradenames and trademarks |  | $ | (75) |  |  | $ | — |  |  | $ | — |
(b)Represents the elimination of intersegment transactions principally among Midstream & Marketing, UGI Utilities and AmeriGas Propane. (c)Beginning October 1, 2019, UGI International is allocated a portion of indirect corporate expenses. Prior to October 1, 2019, these expenses were billed to its parent company, which is included in Corporate & Other. (d)Fiscal 2020 and Fiscal 2019 also includes income from Pennant subsequent to the CMG Acquisition (see Note 5). Includes AFUDC associated with PennEast (see Note 2). (e)Fiscal 2018 results include impacts from the TCJA in the U.S. See Notes 7 and 9 for additional information. For Fiscal 2018, the remeasurement impacts from the TCJA and, for UGI International, the December 2017 French Finance Bills, were allocated from each of AmeriGas Propane, UGI International, Midstream & Marketing and UGI Utilities to Corporate & Other in amounts of $113, $4, $70 and $8, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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