Segment Information (Tables)

6 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Three Months Ended March 31, 2023	Total		Eliminations			AmeriGas Propane		UGI International		Midstream & Marketing		Utilities		Corporate & Other (a)
Revenues from external customers	$	3,106	$	—		$	867	$	948	$	540	$	746	$	5
Intersegment revenues	$	—	$	(128)	(b)	$	—	$	—	$	98	$	28	$	2
Cost of sales	$	2,148	$	(126)	(b)	$	430	$	633	$	479	$	426	$	306
Operating income (loss)	$	255	$	(1)		$	138	$	120	$	103	$	203	$	(308)
(Loss) income from equity investees	—		—			—		(2)		2		—		—
Other non-operating income (expense), net	2		—			—		10		—		2		(10)
Earnings (loss) before interest expense and income taxes	257		(1)			138		128		105		205		(318)
Interest expense	(93)		—			(39)		(9)		(11)		(21)		(13)
Income (loss) before income taxes	$	164	$	(1)		$	99	$	119	$	94	$	184	$	(331)
Depreciation and amortization	$	132	$	—		$	45	$	28	$	22	$	37	$	—
Capital expenditures (including the effects of accruals)	$	214	$	—		$	28	$	30	$	23	$	133	$	—
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	$	—
Six Months Ended March 31, 2023	Total		Eliminations			AmeriGas Propane		UGI International		Midstream & Marketing		Utilities		Corporate & Other (a)
Revenues from external customers	$	5,865	$	—		$	1,633	$	1,825	$	1,094	$	1,305	$	8
Intersegment revenues	$	—	$	(277)	(b)	$	—	$	—	$	213	$	61	$	3
Cost of sales	$	5,254	$	(275)	(b)	$	816	$	1,295	$	993	$	755	$	1,670
Operating (loss) income	$	(949)	$	—		$	248	$	176	$	209	$	329	$	(1,911)
Income (loss) from equity investees	1		—			—		(2)		3		—		—
Other non-operating (loss) income, net	(26)		—			—		20		—		4		(50)
(Loss) earnings before interest expense and income taxes	(974)		—			248		194		212		333		(1,961)
Interest expense	(185)		—			(82)		(16)		(22)		(42)		(23)
(Loss) income before income taxes	$	(1,159)	$	—		$	166	$	178	$	190	$	291	$	(1,984)
Depreciation and amortization	$	263	$	—		$	89	$	56	$	43	$	74	$	1
Capital expenditures (including the effects of accruals)	$	392	$	—		$	51	$	57	$	34	$	250	$	—
As of March 31, 2023
Total assets	$	16,429	$	(232)		$	4,248	$	3,490	$	3,116	$	5,643	$	164

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

(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, 2023	Location on Income Statement	AmeriGas Propane		UGI International		Midstream & Marketing
Net gains on commodity derivative instruments not associated with current-period transactions	Revenues	$	—	$	1	$	4
Net gains (losses) on commodity derivative instruments not associated with current-period transactions	Cost of sales	$	8	$	(235)	$	(78)
Net losses on commodity derivative instruments not associated with current-period transactions	Other operating income, net	$	—	$	(1)	$	—
AmeriGas operations enhancement for growth project	Operating and administrative expenses	$	(6)	$	—	$	—
Unrealized losses on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	(10)	$	—
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 losses on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	(1)	$	—
Six Months Ended March 31, 2023	Location on Income Statement	AmeriGas Propane		UGI International		Midstream & Marketing
Net gains on commodity derivative instruments not associated with current-period transactions	Revenues	$	—	$	3	$	6
Net losses on commodity derivative instruments not associated with current-period transactions	Cost of sales	$	(4)	$	(1,404)	$	(261)
Net losses on commodity derivative instruments not associated with current-period transactions	Other operating income, net	$	—	$	(3)	$	—
Unrealized losses on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	(50)	$	—
AmeriGas operations enhancement for growth project	Operating and administrative expenses	$	(13)	$	—	$	—
Loss on disposal of U.K. energy marketing business	Loss on disposal of U.K. energy marketing business	$	—	$	(215)	$	—
Impairment of assets	Operating and administrative expenses	$	—	$	(19)	$	—
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 gain on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	5	$	—

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