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Segment Information | 12 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Information | Note 23 — Segment Information Our operations comprise four reportable segments generally based upon products or services sold, geographic location and regulatory environment: (1) AmeriGas Propane; (2) UGI International; (3) Midstream & Marketing; and (4) UGI Utilities. AmeriGas Propane derives its revenues principally from the sale of propane and related equipment and supplies to retail customers in all 50 states. UGI International derives its revenues principally from the distribution of LPG to retail customers in France and in northern, central and eastern European countries. In addition, UGI International derives revenue from natural gas marketing businesses in France, Belgium and the United Kingdom and a natural gas and electricity marketing business in the Netherlands. Midstream & Marketing derives its revenues principally from the sale of natural gas, liquid fuels and electricity as well as revenues and fees from storage, pipeline transportation, natural gas gathering and natural gas production activities primarily in the Mid-Atlantic region of the U.S. eastern Ohio and the panhandle of West Virginia. Midstream & Marketing also derives revenues from the sale of electricity through PJM, a regional electricity transmission organization in the eastern U.S., and, prior to its sale on September 30, 2020, also from contracting services provided by HVAC to customers in portions of eastern and central Pennsylvania (see Note 5). UGI Utilities derives its revenues principally from the sale and distribution of natural gas to customers in eastern and central Pennsylvania and, to a lesser extent, from the sale and distribution of electricity in two northeastern Pennsylvania counties. Corporate & Other includes certain items that are excluded from our CODM’s assessment of segment performance (see below for further details on these items). Corporate & Other also includes the net expenses of UGI’s captive general liability insurance company, UGI’s corporate headquarters facility and UGI’s unallocated corporate and general expenses as well as interest expense on debt incurred by UGI Corporation that is not allocated. Corporate & Other assets principally comprise cash and cash equivalents of UGI and its captive insurance company, and UGI corporate headquarters’ assets. The accounting policies of our reportable segments are the same as those described in Note 2. Our CODM evaluates the performance of all of our reportable segments based upon earnings before interest expense and income taxes, excluding the items noted below. No single customer represents more than ten percent of our consolidated revenues. In addition, all of our reportable segments’ revenues, other than those of UGI International, are derived from sources within the United States, and all of our reportable segments’ long-lived assets, other than those of UGI International, are located in the United States. The amounts of revenues and long-lived assets associated with our operations in France represent approximately 20% and 10% of the respective consolidated amounts.
| 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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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