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Segment Information | 6 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Segment Information | Note 14 — 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) Utilities. 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 UGI debt 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, “Summary of Significant Accounting Policies,” in the Company’s 2021 Annual Report.
Three Months Ended March 31, 2022 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | Utilities |  | Corporate & Other (a)
Revenues from external customers |  | $ | 3,466 |  |  | $ | — |  |  | $ | 1,048 |  |  | $ | 1,224 |  |  | $ | 533 |  |  | $ | 667 |  |  | $ | (6) |
Intersegment revenues |  | $ | — |  |  | $ | (179) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 138 |  |  | $ | 40 |  |  | $ | 1 |
Cost of sales |  | $ | 1,470 |  |  | $ | (178) |  | (b) | $ | 545 |  |  | $ | 930 |  |  | $ | 540 |  |  | $ | 380 |  |  | $ | (747) |
Operating income |  | $ | 1,332 |  |  | $ | — |  |  | $ | 227 |  |  | $ | 111 |  |  | $ | 85 |  |  | $ | 191 |  |  | $ | 718 |
Income from equity investees |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | — |
Other non-operating income (expense), net |  | 11 |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 3 |  |  | (1) |
Earnings before interest expense and income taxes |  | 1,348 |  |  | — |  |  | 227 |  |  | 120 |  |  | 90 |  |  | 194 |  |  | 717 |
Interest expense |  | (82) |  |  | — |  |  | (38) |  |  | (8) |  |  | (10) |  |  | (16) |  |  | (10) |
Income before income taxes |  | $ | 1,266 |  |  | $ | — |  |  | $ | 189 |  |  | $ | 112 |  |  | $ | 80 |  |  | $ | 178 |  |  | $ | 707 |
Depreciation and amortization |  | $ | 128 |  |  | $ | — |  |  | $ | 44 |  |  | $ | 29 |  |  | $ | 18 |  |  | $ | 36 |  |  | $ | 1 |
Capital expenditures (including the effects of accruals) |  | $ | 170 |  |  | $ | — |  |  | $ | 36 |  |  | $ | 23 |  |  | $ | 10 |  |  | $ | 101 |  |  | $ | — |
Three Months Ended March 31, 2021 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | Utilities |  | Corporate & Other (a)
Revenues from external customers |  | $ | 2,581 |  |  | $ | — |  |  | $ | 940 |  |  | $ | 834 |  |  | $ | 392 |  |  | $ | 417 |  |  | $ | (2) |
Intersegment revenues |  | $ | — |  |  | $ | (118) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 92 |  |  | $ | 25 |  |  | $ | 1 |
Cost of sales |  | $ | 1,274 |  |  | $ | (117) |  | (b) | $ | 431 |  |  | $ | 491 |  |  | $ | 343 |  |  | $ | 202 |  |  | $ | (76) |
Operating income |  | $ | 671 |  |  | $ | — |  |  | $ | 239 |  |  | $ | 147 |  |  | $ | 90 |  |  | $ | 142 |  |  | $ | 53 |
Income from equity investees |  | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | — |
Other non-operating income, net |  | 18 |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 16 |
Earnings before interest expense and income taxes |  | 699 |  |  | — |  |  | 239 |  |  | 149 |  |  | 100 |  |  | 142 |  |  | 69 |
Interest expense |  | (78) |  |  | — |  |  | (40) |  |  | (6) |  |  | (11) |  |  | (14) |  |  | (7) |
Income before income taxes |  | $ | 621 |  |  | $ | — |  |  | $ | 199 |  |  | $ | 143 |  |  | $ | 89 |  |  | $ | 128 |  |  | $ | 62 |
Depreciation and amortization |  | $ | 126 |  |  | $ | — |  |  | $ | 44 |  |  | $ | 34 |  |  | $ | 19 |  |  | $ | 29 |  |  | $ | — |
Capital expenditures (including the effects of accruals) |  | $ | 124 |  |  | $ | — |  |  | $ | 30 |  |  | $ | 18 |  |  | $ | 12 |  |  | $ | 64 |  |  | $ | — |
Six Months Ended March 31, 2022 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | Utilities |  | Corporate & Other (a)
Revenues from external customers |  | $ | 6,139 |  |  | $ | — |  |  | $ | 1,826 |  |  | $ | 2,273 |  |  | $ | 974 |  |  | $ | 1,063 |  |  | $ | 3 |
Intersegment revenues |  | $ | — |  |  | $ | (297) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 232 |  |  | $ | 63 |  |  | $ | 2 |
Cost of sales |  | $ | 3,590 |  |  | $ | (295) |  | (b) | $ | 963 |  |  | $ | 1,723 |  |  | $ | 953 |  |  | $ | 580 |  |  | $ | (334) |
Operating income |  | $ | 1,264 |  |  | $ | — |  |  | $ | 313 |  |  | $ | 189 |  |  | $ | 159 |  |  | $ | 287 |  |  | $ | 316 |
Income from equity investees |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | — |
Loss on extinguishments of debt |  | (11) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11) |
Other non-operating income, net |  | 21 |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 5 |  |  | 3 |
Earnings before interest expense and income taxes |  | 1,287 |  |  | — |  |  | 313 |  |  | 202 |  |  | 172 |  |  | 292 |  |  | 308 |
Interest expense |  | (163) |  |  | — |  |  | (79) |  |  | (15) |  |  | (20) |  |  | (32) |  |  | (17) |
Income before income taxes |  | $ | 1,124 |  |  | $ | — |  |  | $ | 234 |  |  | $ | 187 |  |  | $ | 152 |  |  | $ | 260 |  |  | $ | 291 |
Depreciation and amortization |  | $ | 257 |  |  | $ | — |  |  | $ | 88 |  |  | $ | 60 |  |  | $ | 37 |  |  | $ | 71 |  |  | $ | 1 |
Capital expenditures (including the effects of accruals) |  | $ | 345 |  |  | $ | — |  |  | $ | 71 |  |  | $ | 46 |  |  | $ | 16 |  |  | $ | 212 |  |  | $ | — |
As of March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 17,777 |  |  | $ | (163) |  |  | $ | 4,563 |  |  | $ | 4,905 |  |  | $ | 3,195 |  |  | $ | 5,106 |  |  | $ | 171 |
Six Months Ended March 31, 2021 |  | Total |  | Eliminations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | Utilities |  | Corporate & Other (a)
Revenues from external customers |  | $ | 4,513 |  |  | $ | — |  |  | $ | 1,606 |  |  | $ | 1,534 |  |  | $ | 671 |  |  | $ | 702 |  |  | $ | — |
Intersegment revenues |  | $ | — |  |  | $ | (196) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 154 |  |  | $ | 40 |  |  | $ | 2 |
Cost of sales |  | $ | 2,107 |  |  | $ | (194) |  | (b) | $ | 703 |  |  | $ | 874 |  |  | $ | 580 |  |  | $ | 334 |  |  | $ | (190) |
Operating income |  | $ | 1,173 |  |  | $ | — |  |  | $ | 380 |  |  | $ | 282 |  |  | $ | 142 |  |  | $ | 219 |  |  | $ | 150 |
Income from equity investees |  | 17 |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | — |
Other non-operating (expense) income, net |  | (1) |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 1 |  |  | (5) |
Earnings before interest expense and income taxes |  | 1,189 |  |  | — |  |  | 380 |  |  | 285 |  |  | 159 |  |  | 220 |  |  | 145 |
Interest expense |  | (156) |  |  | — |  |  | (80) |  |  | (13) |  |  | (21) |  |  | (28) |  |  | (14) |
Income before income taxes |  | $ | 1,033 |  |  | $ | — |  |  | $ | 300 |  |  | $ | 272 |  |  | $ | 138 |  |  | $ | 192 |  |  | $ | 131 |
Depreciation and amortization |  | $ | 250 |  |  | $ | — |  |  | $ | 87 |  |  | $ | 67 |  |  | $ | 37 |  |  | $ | 58 |  |  | $ | 1 |
Capital expenditures (including the effects of accruals) |  | $ | 276 |  |  | $ | — |  |  | $ | 57 |  |  | $ | 47 |  |  | $ | 29 |  |  | $ | 143 |  |  | $ | — |
As of March 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 14,945 |  |  | $ | (227) |  |  | $ | 4,515 |  |  | $ | 3,576 |  |  | $ | 2,893 |  |  | $ | 3,982 |  |  | $ | 206 |
(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:
Three Months Ended March 31, 2022 |  | Location on Income Statement |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | 2 |  |  | $ | (9) |  |  |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Cost of sales |  | $ | 32 |  |  | $ | 560 |  |  | $ | 154 |  |  |
Restructuring costs |  | Operating and administrative expenses |  | $ | (14) |  |  | $ | (2) |  |  | $ | — |  |  |
Unrealized gains on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | (1) |  |  | $ | — |  |  |
Three Months Ended March 31, 2021 |  | Location on Income Statement |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  |
Net losses on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | — |  |  | $ | (2) |  |  |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Cost of sales |  | $ | 27 |  |  | $ | 48 |  |  | $ | 1 |  |  |
Business transformation expenses |  | Operating and administrative expenses |  | $ | (14) |  |  | $ | (3) |  |  | $ | — |  |  |
Unrealized gains on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | 15 |  |  | $ | — |  |  |
Six Months Ended March 31, 2022 |  | Location on Income Statement |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | 5 |  |  | $ | (2) |  |  |
Net (losses) gains on commodity derivative instruments not associated with current-period transactions |  | Cost of sales |  | $ | (37) |  |  | $ | 348 |  |  | $ | 22 |  |  |
Restructuring costs |  | Operating and administrative expenses |  | $ | (14) |  |  | $ | (2) |  |  | $ | — |  |  |
Loss on extinguishment of debt |  | Loss on extinguishment of debt |  | $ | — |  |  | $ | (11) |  |  | $ | — |  |  |
Unrealized gains on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  |
Six Months Ended March 31, 2021 |  | Location on Income Statement |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Cost of sales |  | $ | 64 |  |  | $ | 154 |  |  | $ | (28) |  |  |
Unrealized losses on foreign currency derivative instruments |  | Other non-operating income (expense), net |  | $ | — |  |  | $ | (5) |  |  | $ | — |  |  |
Business transformation expenses |  | Operating and administrative expenses |  | $ | (26) |  |  | $ | (6) |  |  | $ | — |  |  |
(b)Represents the elimination of intersegment transactions principally among Midstream & Marketing, Utilities and AmeriGas Propane.

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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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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