Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and intangible assets comprise the following at September 30:



	2013			2012
Goodwill (not subject to amortization)	$	2,873.7		$	2,818.3
Intangible assets:
Customer relationships, noncompete agreements and other	$	704.8		$	691.9
Trademarks and tradenames (not subject to amortization)	130.2			137.2
Gross carrying amount	835.0			829.1
Accumulated amortization	(227.1		)	(170.9		)
Intangible assets, net	$	607.9		$	658.2

Changes in the carrying amount of goodwill are as follows:



								UGI International
	AmeriGas Propane			Gas Utility		Energy Services		Antargaz			Flaga & Other			Corporate & Other		Total
Balance September 30, 2011	$	696.3		$	182.1	$	2.8	$	591.8		$	82.2		$	7.0	$	1,562.2
Acquisitions	1,223.1			—		—		46.4			13.7			—		1,283.2
Purchase accounting adjustments	(0.2		)	—		—		—			—			—		(0.2		)
Foreign currency translation	—			—		—		(26.2		)	(0.7		)	—		(26.9		)
Balance September 30, 2012	1,919.2			182.1		2.8		612.0			95.2			7.0		2,818.3
Acquisitions	12.5			—		—		—			—			—		12.5
Correcting adjustment	9.3			—		—		—			—			—		9.3
Foreign currency translation	—			—		—		31.7			1.9			—		33.6
Balance September 30, 2013	$	1,941.0		$	182.1	$	2.8	$	643.7		$	97.1		$	7.0	$	2,873.7

The decrease in trademarks and tradenames and the correcting adjustment to goodwill during the year ended September 30, 2013 primarily reflects a correcting adjustment associated with the Heritage Acquisition. We amortize customer relationships and noncompete agreement intangibles over their estimated periods of benefit which do not exceed 15 years. Amortization expense of intangible assets was $52.8 in Fiscal 2013, $44.5 in Fiscal 2012 and $20.4 in Fiscal 2011. Estimated amortization expense of intangible assets during the next five fiscal years is as follows: Fiscal 2014 — $51.2; Fiscal 2015 — $48.4; Fiscal 2016 — $42.4; Fiscal 2017 — $35.9; Fiscal 2018 — $34.5. There were no accumulated impairment losses at September 30, 2013.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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