XML 71 R55.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Information (Tables)
 12 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
TotalElim-
inations		AmeriGas
Propane		UGI InternationalMidstream
& Marketing		UtilitiesCorporate &
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, net75 — — 19 — 9 47 
Earnings before interest expense and income taxes1,716 — 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 $— 
TotalElim-
inations		AmeriGas
Propane		UGI InternationalMidstream
& Marketing		UtilitiesCorporate &
Other (a)
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, net12 — — 3 — 1 8 
Earnings before interest expense and income taxes2,299 — 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 $— $— 
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 $140 $229 $(1)
Income from equity investees27 —  — — 27 — — 
Other non-operating (expense) income, net(20)— — 18 1 — (39)
Earnings (loss) before interest expense and income taxes989 — 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 $— $— 
(a)Corporate & Other includes specific items attributable to our reportable segments that are not included in the segment profit measures used by our CODM in assessing our reportable segments’ performance or allocating resources. The following table presents such pre-tax gains (losses) which have been included in Corporate & Other, and the reportable segments to which they relate, for Fiscal 2022, Fiscal 2021 and Fiscal 2020:
Location on Income StatementAmeriGas PropaneUGI InternationalMidstream & Marketing
2022
Net gains (losses) on commodity derivative instruments not associated with current-period transactionsRevenues$— $9 $(4)
Net (losses) gains on commodity derivative instruments not associated with current-period transactionsCost of Sales$(185)$797 $(21)
Net gains on commodity derivative instruments not associated with current-period transactionsOther operating income, net$— $2 $— 
Restructuring costsOperating and administrative expenses$(21)$(9)$(1)
Loss on extinguishment of debtLoss on extinguishments of debt$— $(11)$— 
Unrealized gains on foreign currency derivative instrumentsOther non-operating income (expense), net$— $50 $— 
Impairments of certain equity method investments and assets Operating and administrative expenses; (Loss) income from equity investees, respectively$— $(5)$(35)
2021
Net losses on commodity derivative instruments not associated with current-period transactionsRevenues$— $— $(15)
Net gains on commodity derivative instruments not associated with current-period transactionsCost of sales$167 $1,065 $173 
Unrealized losses on foreign currency derivative instrumentsOther non-operating income (expense), net$— $8 $— 
Business transformation expensesOperating and administrative expenses$(54)$(33)$— 
Impairment of customer relationship intangibleOperating and administrative expenses$— $(20)$— 
Impairments associated with certain equity method investments(Loss) income from equity investees$— $— $(93)
2020
Net gains on commodity derivative instruments not associated with current-period transactionsRevenues$— $— $3 
Net gains on commodity derivative instruments not associated with current-period transactionsCost of Sales$72 $— $42 
Unrealized losses on foreign currency derivative instrumentsOther non-operating income (expense), net$— $(36)$— 
Acquisition and integration expenses associated with the CMG AcquisitionOperating and administrative expenses$— $— $(2)
Business transformation expensesOperating and administrative expenses$(44)$(18)$— 
Loss on disposals of Conemaugh and HVACLoss on disposals of Conemaugh and HVAC$— $— $(54)

(b)Represents the elimination of intersegment transactions principally among Midstream & Marketing, Utilities and AmeriGas Propane.