Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Note 12 — Goodwill and Intangible Assets

Changes in the carrying amount of goodwill by reportable segment are as follows:


	AmeriGas Propane		UGI International		Midstream & Marketing		UGI Utilities		Total
Balance September 30, 2019	$	2,004	$	930	$	340	$	182	$	3,456

Dispositions	—		—		(5)		—		(5)
Purchase accounting adjustments	—		(2)		—		—		(2)
Foreign currency translation	—		69		—		—		69
Balance September 30, 2020	2,004		997		335		182		3,518
Acquisitions	—		6		—		255		261

Purchase accounting adjustments	—		—		1		—		1

Foreign currency translation	—		(10)		—		—		(10)
Balance September 30, 2021	$	2,004	$	993	$	336	$	437	$	3,770

Intangible assets comprise the following at September 30:


	2021		2020
Customer relationships	$	1,054	$	1,083
Trademarks and tradenames	12		12
Noncompete agreements and other	75		76
Accumulated amortization	(607)		(543)
Intangible assets, net (definite-lived)	534		628
Trademarks and tradenames (indefinite-lived)	49		49
Total intangible assets, net	$	583	$	677

Changes in amounts above include the effects of currency translation. During the fourth quarter of Fiscal 2021, the Company recognized a $20 non-cash, pre-tax impairment charge related to a customer relationship intangible at DVEP resulting from a decline in anticipated volumes attributable to a historical customer. The charge is reflected in “Operating and administrative expenses” on the Consolidated Statements of Income.

Amortization expense of intangible assets was $76, $83 and $59 for Fiscal 2021, Fiscal 2020 and Fiscal 2019, respectively. Estimated amortization expense of intangible assets during the next five fiscal years is as follows: Fiscal 2022 — $61; Fiscal 2023 — $57; Fiscal 2024 — $55; Fiscal 2025 — $53; Fiscal 2026 — $52.