Segment Information (Tables)

9 Months Ended

Jun. 30, 2021

Schedule of Segment Reporting Information



Three Months Ended June 30, 2021	Total		Eliminations			AmeriGas Propane		UGI International		Midstream & Marketing		UGI Utilities		Corporate & Other (a)
Revenues from external customers	$	1,496	$	—		$	526	$	572	$	232	$	171	$	(5)
Intersegment revenues	$	—	$	(40)	(b)	$	—	$	—	$	29	$	10	$	1
Cost of sales	$	516	$	(39)	(b)	$	267	$	355	$	196	$	67	$	(330)
Operating income	$	391	$	—		$	11	$	40	$	14	$	24	$	302
(Loss) income from equity investees	(86)		—			—		—		7		—		(93)

Other non-operating income (expense), net	1		—			—		1		—		1		(1)
Earnings before interest expense and income taxes	306		—			11		41		21		25		208
Interest expense	(77)		—			(40)		(8)		(10)		(14)		(5)
Income (loss) before income taxes	$	229	$	—		$	(29)	$	33	$	11	$	11	$	203

Depreciation and amortization	$	125	$	—		$	43	$	33	$	19	$	29	$	1
Capital expenditures (including the effects of accruals)	$	162	$	—		$	26	$	21	$	3	$	112	$	—



Three Months Ended June 30, 2020	Total		Eliminations			AmeriGas Propane		UGI International		Midstream & Marketing		UGI Utilities		Corporate & Other (a)
Revenues from external customers	$	1,199	$	—		$	451	$	371	$	202	$	172	$	3
Intersegment revenues	$	—	$	(28)	(b)	$	—	$	—	$	20	$	7	$	1
Cost of sales	$	417	$	(28)	(b)	$	178	$	198	$	158	$	68	$	(157)
Operating income	$	174	$	—		$	19	$	17	$	13	$	21	$	104

Income from equity investees	7		—			—		—		7		—		—


Other non-operating (expense) income, net	(4)		—			—		4		—		—		(8)
Earnings before interest expense and income taxes	177		—			19		21		20		21		96
Interest expense	(80)		—			(41)		(8)		(11)		(14)		(6)
Income (loss) before income taxes	$	97	$	—		$	(22)	$	13	$	9	$	7	$	90

Depreciation and amortization	$	122	$	—		$	45	$	30	$	20	$	26	$	1
Capital expenditures (including the effects of accruals)	$	133	$	—		$	30	$	20	$	15	$	68	$	—


Nine Months Ended June 30, 2021	Total		Eliminations			AmeriGas Propane		UGI International		Midstream & Marketing		UGI Utilities		Corporate & Other (a)
Revenues from external customers	$	6,009	$	—		$	2,132	$	2,106	$	903	$	873	$	(5)
Intersegment revenues	$	—	$	(236)	(b)	$	—	$	—	$	183	$	50	$	3
Cost of sales	$	2,623	$	(233)	(b)	$	970	$	1,229	$	776	$	401	$	(520)
Operating income	$	1,564	$	—		$	391	$	322	$	156	$	243	$	452
(Loss) income from equity investees	(69)		—			—		—		24		—		(93)

Other non-operating income (expense), net	—		—			—		4		—		2		(6)
Earnings before interest expense and income taxes	1,495		—			391		326		180		245		353
Interest expense	(233)		—			(120)		(21)		(31)		(42)		(19)
Income before income taxes	$	1,262	$	—		$	271	$	305	$	149	$	203	$	334

Depreciation and amortization	$	375	$	—		$	130	$	100	$	56	$	87	$	2
Capital expenditures (including the effects of accruals)	$	438	$	—		$	83	$	68	$	32	$	255	$	—
As of June 30, 2021
Total assets	$	15,006	$	(267)		$	4,381	$	3,749	$	2,904	$	3,997	$	242


Nine Months Ended June 30, 2020	Total		Eliminations			AmeriGas Propane		UGI International		Midstream & Marketing		UGI Utilities		Corporate & Other (a)
Revenues from external customers	$	5,435	$	—		$	1,983	$	1,726	$	855	$	863	$	8
Intersegment revenues	$	—	$	(202)	(b)	$	—	$	—	$	162	$	38	$	2
Cost of sales	$	2,673	$	(201)	(b)	$	792	$	968	$	721	$	404	$	(11)
Operating income (loss)	$	913	$	—		$	390	$	230	$	139	$	229	$	(75)
Income from equity investees	22		—			—		—		22		—		—

Other non-operating (expense) income, net	(4)		—			—		17		—		—		(21)
Earnings (loss) before interest expense and income taxes	931		—			390		247		161		229		(96)
Interest expense	(247)		—			(124)		(23)		(34)		(41)		(25)
Income (loss) before income taxes	$	684	$	—		$	266	$	224	$	127	$	188	$	(121)

Depreciation and amortization	$	362	$	—		$	134	$	92	$	57	$	78	$	1
Capital expenditures (including the effects of accruals)	$	444	$	—		$	104	$	62	$	61	$	217	$	—
As of June 30, 2020
Total assets	$	13,843	$	(365)		$	4,311	$	3,208	$	2,740	$	3,709	$	240

(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 June 30, 2021	Location on Income Statement	AmeriGas Propane		UGI International		Midstream & Marketing
Net losses on commodity derivative instruments not associated with current-period transactions	Revenues	$	—	$	—	$	(4)
Net gains on commodity derivative instruments not associated with current-period transactions	Cost of sales	$	59	$	226	$	44
Unrealized losses on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	(1)	$	—



Business transformation expenses	Operating and administrative expenses	$	(11)	$	(6)	$	—
Impairment of investment in PennEast	(Loss) income from equity investees	$	—	$	—	$	(93)


Three Months Ended June 30, 2020	Location on Income Statement	AmeriGas Propane		UGI International		Midstream & Marketing
Net gains on commodity derivative instruments not associated with current-period transactions	Revenues	$	—	$	—	$	3
Net gains on commodity derivative instruments not associated with current-period transactions	Cost of sales	$	60	$	78	$	22
Unrealized losses on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	(7)	$	—



Business transformation expenses	Operating and administrative expenses	$	(3)	$	(4)	$	—
Impairment of assets held-for-sale	Impairment of assets held-for-sale	$	—	$	—	$	(52)


Nine Months Ended June 30, 2021	Location on Income Statement	AmeriGas Propane		UGI International		Midstream & Marketing
Net losses on commodity derivative instruments not associated with current-period transactions	Revenues	$	—	$	—	$	(4)
Net gains on commodity derivative instruments not associated with current-period transactions	Cost of sales	$	123	$	380	$	16
Unrealized losses on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	(6)	$	—



Business transformation expenses	Operating and administrative expenses	$	(37)	$	(12)	$	—
Impairment of investment in PennEast	(Loss) income from equity investees	$	—	$	—	$	(93)


Nine Months Ended June 30, 2020	Location on Income Statement	AmeriGas Propane		UGI International		Midstream & Marketing
Net gains on commodity derivative instruments not associated with current-period transactions	Revenues	$	—	$	—	$	8
Net gains (losses) on commodity derivative instruments not associated with current-period transactions	Cost of sales	$	48	$	(54)	$	19
Unrealized losses on foreign currency derivative instruments	Other non-operating income (expense), net	$	—	$	(20)	$	—
Acquisition and integration expenses associated with the CMG Acquisition	Operating and administrative expenses	$	—	$	—	$	(2)
Business transformation expenses	Operating and administrative expenses	$	(27)	$	(16)	$	—
Impairment of assets held-for-sale	Impairment of assets held-for-sale	$	—	$	—	$	(52)

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