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Revenue from Contracts with Customers
6 Months Ended
Mar. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customers
Note 4 — Revenue from Contracts with Customers

The Company recognizes revenue when control of promised goods or services is transferred to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. See Note 4 in the Company’s 2020 Annual Report for additional information on our revenues from contracts with customers.
Revenue Disaggregation

The following tables present our disaggregated revenues by reportable segment:
Three Months Ended March 31, 2021 Total  Eliminations
(a)
 AmeriGas Propane  UGI International  Midstream & Marketing UGI Utilities Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$243 $— $— $— $— $243 $— 
Commercial & Industrial96 — — — — 96 — 
Large delivery service44 — — — — 44 — 
Off-system sales and capacity releases22 (25)— — — 47 — 
Other— — — — — 
Total Utility412 (25)— — — 437 — 
Non-Utility:
LPG:
Retail1,395 — 833 562 — — — 
Wholesale99 — 38 61 — — — 
Energy Marketing514 (39)— 186 367 — — 
Midstream:
Pipeline48 — — — 48 — — 
Peaking(53)— — 62 — — 
Other— — — — — 
Electricity Generation— — — — — 
Other70 — 54 16 — — — 
Total Non-Utility2,140 (92)925 825 482 — — 
Total revenues from contracts with customers2,552 (117)925 825 482 437 — 
Other revenues (b)29 (1)15 (1)
Total revenues $2,581 $(118)$940 $834 $484 $442 $(1)
Three Months Ended March 31, 2020 Total Eliminations
(a)
 AmeriGas Propane  UGI International  Midstream & Marketing UGI Utilities Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$212 $— $— $— $— $212 $— 
Commercial & Industrial95 — — — — 95 — 
Large delivery service42 — — — — 42 — 
Off-system sales and capacity releases22 (16)— — — 38 — 
Other — — — — — 
Total Utility376 (16)— — — 392 — 
Non-Utility:
LPG:
Retail1,195 — 712 483 — — — 
Wholesale74 — 19 55 — — — 
Energy Marketing419 (22)— 144 297 — — 
Midstream:
Pipeline45 — — — 45 — — 
Peaking(54)— — 57 — — 
Other— — — — — 
Electricity Generation— — — — — 
Other82 (2)56 18 10 — — 
Total Non-Utility1,827 (78)787 700 418 — — 
Total revenues from contracts with customers2,203 (94)787 700 418 392 — 
Other revenues (b)26 — 15 
Total revenues$2,229 $(94)$802 $704 $422 $393 $
Six Months Ended March 31, 2021 Total Eliminations
(a)
 AmeriGas Propane  UGI International  Midstream & Marketing UGI Utilities Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$408 $— $— $— $— $408 $— 
Commercial & Industrial156 — — — — 156 — 
Large delivery service84 — — — — 84 — 
Off-system sales and capacity releases37 (39)— — — 76 — 
Other11 (1)— — — 12 — 
Total Utility696 (40)— — — 736 — 
Non-Utility:
LPG:
Retail2,450 — 1,405 1,045 — — — 
Wholesale158 — 57 101 — — — 
Energy Marketing894 (65)— 341 618 — — 
Midstream:
Pipeline93 — — — 93 — — 
Peaking11 (89)— — 100 — — 
Other— — — — — 
Electricity Generation— — — — — 
Other142 — 110 32 — — — 
Total Non-Utility3,759 (154)1,572 1,519 822 — — 
Total revenues from contracts with customers4,455 (194)1,572 1,519 822 736 — 
Other revenues (b)58 (2)34 15 
Total revenues$4,513 $(196)$1,606 $1,534 $825 $742 $
Six Months Ended March 31, 2020 Total Eliminations
(a)
 AmeriGas Propane  UGI International  Midstream & Marketing UGI Utilities Corporate & Other
Revenues from contracts with customers:
Utility:
Core Market:
Residential$396 $— $— $— $— $396 $— 
Commercial & Industrial163 — — — — 163 — 
Large delivery service83 — — — — 83 — 
Off-system sales and capacity releases39 (30)— — — 69 — 
Other(1)— — — 10 — 
Total Utility690 (31)— — — 721 — 
Non-Utility:
LPG:
Retail2,289 — 1,343 946 — — — 
Wholesale140 — 41 99 — — — 
Energy Marketing782 (48)— 268 562 — — 
Midstream:
Pipeline88 — — — 88 — — 
Peaking(92)— — 99 — — 
Other— — — — — 
Electricity Generation17 — — — 17 — — 
Other162 (2)115 30 19 — — 
Total Non-Utility3,488 (142)1,499 1,343 788 — — 
Total revenues from contracts with customers4,178 (173)1,499 1,343 788 721 — 
Other revenues (b)58 (1)33 12 
Total revenues$4,236 $(174)$1,532 $1,355 $795 $722 $

(a)Includes intersegment revenues principally among Midstream & Marketing, UGI Utilities and AmeriGas Propane.
(b)Primarily represents revenues from tank rentals at AmeriGas Propane and UGI International, revenues from certain gathering assets at Midstream & Marketing, revenues from alternative revenue programs at UGI Utilities, and gains and losses on commodity derivative instruments not associated with current-period transactions reflected in Corporate & Other, none of which are within the scope of ASC 606 and are accounted for in accordance with other GAAP.

Contract Balances
The timing of revenue recognition may differ from the timing of invoicing to customers or cash receipts. Contract assets represent our right to consideration after the performance obligations have been satisfied when such right is conditioned on something other than the passage of time. Contract assets were not material for all periods presented. Substantially all of our receivables are unconditional rights to consideration and are included in “Accounts receivable” and, in the case of UGI Utilities, “Accrued utility revenues” on the Condensed Consolidated Balance Sheets. Amounts billed are generally due within the following month.
Contract liabilities arise when payment from a customer is received before the performance obligations have been satisfied and represent the Company’s obligations to transfer goods or services to a customer for which we have received consideration. The balances of contract liabilities were $93, $161 and $88 at March 31, 2021, September 30, 2020 and March 31, 2020, respectively, and are included in “Other current liabilities” and “Other noncurrent liabilities” on the Condensed Consolidated Balance Sheets. Revenues recognized for the six months ended March 31, 2021 and 2020, from the amounts included in contract liabilities at September 30, 2020 and 2019, were $131 and $116, respectively.
Remaining Performance Obligations
The Company excludes disclosures related to the aggregate amount of the transaction price allocated to certain performance obligations that are unsatisfied as of the end of the reporting period because these contracts have an initial expected term of one year or less, or we have a right to bill the customer in an amount that corresponds directly with the value of services provided to the customer to date. Certain contracts with customers at Midstream & Marketing and UGI Utilities contain minimum future performance obligations through 2047 and 2053, respectively. At March 31, 2021, Midstream & Marketing and UGI Utilities expect to record approximately $2.1 billion and $0.2 billion of revenues, respectively, related to the minimum future performance obligations over the remaining terms of the related contracts.