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v3.23.3

Segment Information (Tables) | 12 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information |
| Total |  | Elim- inations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | Utilities |  | Corporate & Other (a)
2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 8,928 |  |  | $ | — |  |  | $ | 2,581 |  |  | $ | 2,965 |  |  | $ | 1,596 |  |  | $ | 1,780 |  |  | $ | 6 |
Intersegment revenues | $ | — |  |  | $ | (326) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 251 |  |  | $ | 74 |  |  | $ | 1 |
Cost of sales | $ | 6,937 |  |  | $ | (325) |  | (b) | $ | 1,250 |  |  | $ | 2,045 |  |  | $ | 1,360 |  |  | $ | 953 |  |  | $ | 1,654 |
Operating (loss) income | $ | (1,444) |  |  | $ | — |  |  | $ | 268 |  |  | $ | 215 |  |  | $ | 285 |  |  | $ | 357 |  |  | $ | (2,569) |
Income (loss) from equity investees | 2 |  |  | — |  |  | — |  |  | (4) |  |  | 6 |  |  | — |  |  | — |
Loss on extinguishments of debt | (9) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9) |
Other non-operating (loss) income, net | (7) |  |  | — |  |  | — |  |  | 23 |  |  | — |  |  | 8 |  |  | (38) |
(Loss) earnings before interest expense and income taxes | (1,458) |  |  | — |  |  | 268 |  |  | 234 |  |  | 291 |  |  | 365 |  |  | (2,616) |
Interest expense | (379) |  |  | — |  |  | (163) |  |  | (37) |  |  | (45) |  |  | (82) |  |  | (52) |
Income tax benefit (expense) | 335 |  |  | — |  |  | (34) |  |  | (25) |  |  | (53) |  |  | (64) |  |  | 511 |
Net (loss) income attributable to UGI | $ | (1,502) |  |  | $ | — |  |  | $ | 71 |  |  | $ | 172 |  |  | $ | 193 |  |  | $ | 219 |  |  | $ | (2,157) |
Depreciation and amortization | $ | 532 |  |  | $ | — |  |  | $ | 177 |  |  | $ | 116 |  |  | $ | 86 |  |  | $ | 152 |  |  | $ | 1 |
Total assets | $ | 15,401 |  |  | $ | (173) |  |  | $ | 3,415 |  |  | $ | 3,105 |  |  | $ | 3,160 |  |  | $ | 5,691 |  |  | $ | 203 |
Short-term borrowings | $ | 649 |  |  | $ | — |  |  | $ | — |  |  | $ | 214 |  |  | $ | 103 |  |  | $ | 332 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 956 |  |  |  |  | $ | 134 |  |  | $ | 129 |  |  | $ | 130 |  |  | $ | 563 |  |  | $ | — |
Investments in equity investees | $ | 299 |  |  | $ | — |  |  | $ | — |  |  | $ | 35 |  |  | $ | 264 |  |  | $ | — |  |  | $ | — |
| Total |  | Elim- inations |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing |  | Utilities |  | Corporate & Other (a)
2022 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 10,106 |  |  | $ | — |  |  | $ | 2,943 |  |  | $ | 3,686 |  |  | $ | 1,957 |  |  | $ | 1,515 |  |  | $ | 5 |
Intersegment revenues | $ | — |  |  | $ | (477) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 369 |  |  | $ | 105 |  |  | $ | 3 |
Cost of sales | $ | 5,973 |  |  | $ | (474) |  | (b) | $ | 1,613 |  |  | $ | 2,751 |  |  | $ | 1,876 |  |  | $ | 798 |  |  | $ | (591) |
Operating income | $ | 1,666 |  |  | $ | — |  |  | $ | 307 |  |  | $ | 237 |  |  | $ | 246 |  |  | $ | 327 |  |  | $ | 549 |
(Loss) income from equity investees | (14) |  |  | — |  |  | — |  |  | (2) |  |  | 23 |  |  | — |  |  | (35) |
Loss on extinguishments of debt | (11) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11) |
Other non-operating income, net | 75 |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 9 |  |  | 47 |
Earnings before interest expense and income taxes | 1,716 |  |  | — |  |  | 307 |  |  | 254 |  |  | 269 |  |  | 336 |  |  | 550 |
Interest expense | (329) |  |  | — |  |  | (160) |  |  | (28) |  |  | (41) |  |  | (65) |  |  | (35) |
Income tax expense | (313) |  |  | — |  |  | (35) |  |  | (50) |  |  | (65) |  |  | (65) |  |  | (98) |
Noncontrolling interests’ net (income) loss | (1) |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | — |  |  | — |
Net income attributable to UGI | $ | 1,073 |  |  | $ | — |  |  | $ | 112 |  |  | $ | 175 |  |  | $ | 163 |  |  | $ | 206 |  |  | $ | 417 |
Depreciation and amortization | $ | 518 |  |  | $ | — |  |  | $ | 177 |  |  | $ | 116 |  |  | $ | 79 |  |  | $ | 144 |  |  | $ | 2 |
Total assets | $ | 17,575 |  |  | $ | (203) |  |  | $ | 4,332 |  |  | $ | 4,610 |  |  | $ | 3,286 |  |  | $ | 5,354 |  |  | $ | 196 |
Short-term borrowings | $ | 368 |  |  | $ | — |  |  | $ | 131 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 236 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 835 |  |  | $ | — |  |  | $ | 128 |  |  | $ | 107 |  |  | $ | 38 |  |  | $ | 562 |  |  | $ | — |
Investments in equity investees | $ | 130 |  |  | $ | — |  |  | $ | — |  |  | $ | 20 |  |  | $ | 109 |  |  | $ | — |  |  | $ | 1 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 7,447 |  |  | $ | — |  |  | $ | 2,614 |  |  | $ | 2,651 |  |  | $ | 1,182 |  |  | $ | 1,015 |  |  | $ | (15) |
Intersegment revenues | $ | — |  |  | $ | (291) |  | (b) | $ | — |  |  | $ | — |  |  | $ | 224 |  |  | $ | 64 |  |  | $ | 3 |
Cost of sales | $ | 2,614 |  |  | $ | (288) |  | (b) | $ | 1,217 |  |  | $ | 1,598 |  |  | $ | 1,033 |  |  | $ | 458 |  |  | $ | (1,404) |
Operating income | $ | 2,350 |  |  | $ | — |  |  | $ | 385 |  |  | $ | 314 |  |  | $ | 160 |  |  | $ | 241 |  |  | $ | 1,250 |
(Loss) income from equity investees | (63) |  |  | — |  |  | — |  |  | — |  |  | 30 |  |  | — |  |  | (93) |
Other non-operating income, net | 12 |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 1 |  |  | 8 |
Earnings before interest expense and income taxes | 2,299 |  |  | — |  |  | 385 |  |  | 317 |  |  | 190 |  |  | 242 |  |  | 1,165 |
Interest expense | (310) |  |  | — |  |  | (159) |  |  | (27) |  |  | (42) |  |  | (56) |  |  | (26) |
Income tax expense | (522) |  |  | — |  |  | (58) |  |  | (69) |  |  | (41) |  |  | (42) |  |  | (312) |
Net income attributable to UGI | $ | 1,467 |  |  | $ | — |  |  | $ | 168 |  |  | $ | 221 |  |  | $ | 107 |  |  | $ | 144 |  |  | $ | 827 |
Depreciation and amortization | $ | 502 |  |  | $ | — |  |  | $ | 173 |  |  | $ | 134 |  |  | $ | 76 |  |  | $ | 119 |  |  | $ | — |
Total assets | $ | 16,723 |  |  | $ | (241) |  |  | $ | 4,485 |  |  | $ | 4,421 |  |  | $ | 3,010 |  |  | $ | 4,859 |  |  | $ | 189 |
Short-term borrowings | $ | 367 |  |  | $ | — |  |  | $ | 170 |  |  | $ | — |  |  | $ | — |  |  | $ | 197 |  |  | $ | — |
Capital expenditures (including the effects of accruals) | $ | 674 |  |  | $ | — |  |  | $ | 130 |  |  | $ | 107 |  |  | $ | 43 |  |  | $ | 394 |  |  | $ | — |
Investments in equity investees | $ | 174 |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |  |  | $ | 163 |  |  | $ | — |  |  | $ | — |
(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 2023, Fiscal 2022 and Fiscal 2021:
|  | Location on Income Statement |  | AmeriGas Propane |  | UGI International |  | Midstream & Marketing
2023 |  |  |  |  |  |  |  |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | 4 |  |  | $ | 6 |
Net losses on commodity derivative instruments not associated with current-period transactions |  | Cost of Sales |  | $ | (16) |  |  | $ | (1,402) |  |  | $ | (236) |
AmeriGas performance enhancement |  | Operating and administrative expenses |  | $ | (24) |  |  | $ | — |  |  | $ | — |
Loss on extinguishment of debt |  | Loss on extinguishments of debt |  | $ | (9) |  |  | $ | — |  |  | $ | — |
Unrealized losses on foreign currency derivative instruments |  | Other non-operating (expense) income, net |  | $ | — |  |  | $ | (38) |  |  | $ | — |
Loss associated with impairment of AmeriGas Propane goodwill |  | Impairment of goodwill |  | $ | (656) |  |  | $ | — |  |  | $ | — |
Costs associated with exit of the UGI International energy marketing business |  | Revenues/Operating and administrative expenses |  | $ | — |  |  | $ | (27) |  |  | $ | — |
Costs associated with exit of the UGI International energy marketing business |  | Loss on disposal of UGI International energy marketing business |  | $ | — |  |  | $ | (221) |  |  | $ | — |
2022 |  |  |  |  |  |  |  |
Net gains (losses) on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | 9 |  |  | $ | (4) |
Net (losses) gains on commodity derivative instruments not associated with current-period transactions |  | Cost of sales |  | $ | (185) |  |  | $ | 797 |  |  | $ | (21) |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Other operating income, net |  | $ | — |  |  | $ | 2 |  |  | $ | — |
Restructuring costs |  | Operating and administrative expenses |  | $ | (16) |  |  | $ | (9) |  |  | $ | (1) |
Loss on extinguishment of debt |  | Loss on extinguishments of debt |  | $ | — |  |  | $ | (11) |  |  | $ | — |
Unrealized gains on foreign currency derivative instruments |  | Other non-operating (expense) income, net |  | $ | — |  |  | $ | 50 |  |  | $ | — |
AmeriGas performance enhancement |  | Operating and administrative expenses |  | $ | (5) |  |  | $ | — |  |  | $ | — |
Costs associated with exit of the UGI International energy marketing business |  | Operating and administrative expenses |  | $ | — |  |  | $ | (5) |  |  | $ | — |
Impairments associated with certain equity method investments |  | Income (loss) from equity investees |  | $ | — |  |  | $ | — |  |  | $ | (35) |
2021 |  |  |  |  |  |  |  |
Net losses on commodity derivative instruments not associated with current-period transactions |  | Revenues |  | $ | — |  |  | $ | — |  |  | $ | (15) |
Net gains on commodity derivative instruments not associated with current-period transactions |  | Cost of Sales |  | $ | 167 |  |  | $ | 1,065 |  |  | $ | 173 |
Unrealized gains on foreign currency derivative instruments |  | Other non-operating (expense) income, net |  | $ | — |  |  | $ | 8 |  |  | $ | — |
Business transformation expenses |  | Operating and administrative expenses |  | $ | (54) |  |  | $ | (33) |  |  | $ | — |
Impairment of customer relationship intangible |  | Operating and administrative expenses |  | $ | — |  |  | $ | (20) |  |  | $ | — |
Impairments associated with certain equity method investments |  | Income (loss) from equity investees |  | $ | — |  |  | $ | — |  |  | $ | (93) |
(b)Represents the elimination of intersegment transactions principally among Midstream & Marketing, Utilities and AmeriGas Propane.

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