Debt (Tables)

12 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Credit Facilities and Short-term Borrowings

Information about the Company’s principal credit agreements (excluding the Energy Services Receivables Facility, which is discussed below) as of September 30, 2021 and 2020, is presented in the following table. Borrowings on these credit agreements bear interest at rates indexed to short-term market rates. Borrowings outstanding under these agreements (other than the 2021 UGI Corporation Senior Credit Facility and its predecessor agreement) are classified as “Short-term borrowings” on the Consolidated Balance Sheets.

	Expiration Date	Total Capacity		Borrowings Outstanding		Letters of Credit and Guarantees Outstanding		Available Borrowing Capacity		Weighted Average Interest Rate - End of Year
September 30, 2021
AmeriGas OLP (a)	December 2022	$	600	$	170	$	60	$	370	2.58	%
UGI International, LLC (b)	October 2023	€	300	€	—	€	—	€	300	N.A.
Energy Services (c)	March 2025	$	260	$	—	$	—	$	260	N.A.
UGI Utilities, Inc. (d)	June 2024	$	350	$	130	$	—	$	220	1.35	%
Mountaineer (e)	November 2024	$	100	$	67	$	—	$	33	N.M.
UGI Corporation (f)	August 2024	$	300	$	185	$	—	$	115	3.27	%
September 30, 2020
AmeriGas OLP (a)	December 2022	$	600	$	186	$	62	$	352	2.61	%
UGI International, LLC (b)	October 2023	€	300	€	—	€	—	€	300	N.A.
Energy Services (c)	March 2025	$	260	$	—	$	—	$	260	N.A.
UGI Utilities, Inc. (d)	June 2024	$	350	$	141	$	—	$	209	1.12	%
UGI Corporation (f)	August 2024	$	300	$	300	$	—	$	—	2.41	%

(a)The AmeriGas OLP Credit Agreement includes a $150 sublimit for letters of credit.

(b)The UGI International Credit Facilities Agreement permits UGI International, LLC to borrow in euros or dollars. UGI International repaid all borrowings outstanding on this facility in September 2020.

(c)The Energy Services Credit Agreement includes a $50 sublimit for letters of credit and is guaranteed by certain subsidiaries of Energy Services. This credit agreement is collateralized by substantially all of the assets of Energy Services, subject to certain exceptions and carveouts including, but not limited to, accounts receivables and certain real property.

(d)UGI Utilities, Inc. Credit Agreement includes a $100 sublimit for letters of credit.

(e)The Mountaineer Credit Agreement includes a $20 sublimit for letters of credit.

(f)At September 30, 2021 and 2020, management intended to maintain a substantial portion of amounts outstanding under the 2021 UGI Corporation Senior Credit Facility and its predecessor agreement beyond twelve months from the respective balance sheet dates. As such, borrowings outstanding are classified as “Long-term debt” on the Consolidated Balance Sheets. In October 2021 and 2020, the Company repaid $70 and $30, respectively, of such borrowings and classified these repayments as “Current maturities of long-term debt” on the Consolidated Balance Sheet. The 2021 UGI Corporation Senior Credit Facility includes a $10 sublimit for letters of credit.

N.A. - Not applicable

N.M. - Not meaningful

Schedule of Receivables Facility

Information regarding the amounts of trade receivables transferred to ESFC and the amounts sold to the bank are as follows:

	2021		2020		2019
Trade receivables transferred to ESFC during the year	$	1,353	$	1,046	$	1,373
ESFC trade receivables sold to the bank during the year	$	308	$	182	$	179
ESFC trade receivables - end of year (a)	$	61	$	50	$	55

(a)At September 30, 2021 there were no ESFC trade receivables sold to the bank. At September 30, 2020, the amounts of ESFC trade receivables sold to the bank was $19, and is reflected as “Short-term borrowings” on the Consolidated Balance Sheets.

Schedule of Long-term Debt Instruments

Long-term debt comprises the following at September 30:

	2021		2020
AmeriGas Propane:
AmeriGas Partners Senior Notes:
5.50% due May 2025	$	700	$	700
5.875% due August 2026	675		675
5.625% due May 2024	675		675
5.75% due May 2027	525		525
Other	1		5
Unamortized debt issuance costs	(16)		(20)
Total AmeriGas Propane	2,560		2,560
UGI International:
3.25% Senior Notes due November 2025	405		410
UGI International, LLC variable-rate term loan due October 2023 (a)	347		352
Other	23		23
Unamortized debt issuance costs	(5)		(7)
Total UGI International	770		778
Midstream & Marketing:
Energy Services variable-rate term loan due through August 2026 (b)	684		691
Other	42		41
Unamortized discount and debt issuance costs	(10)		(12)
Total Energy Services	716		720
UGI Utilities:
Senior Notes:
4.12%, due September 2046	200		200
4.98%, due March 2044	175		175
3.12% due April 2050	150		150
4.55%, due February 2049	150		150
4.12%, due October 2046	100		100
6.21%, due September 2036	100		100
2.95%, due June 2026	100		100
1.59% due June 2026	100		—
1.64% due September 2026	75		—
Medium-Term Notes:
6.13%, due October 2034	20		20
6.50%, due August 2033	20		20
Mountaineer senior notes (c)	164		—
Variable-rate term loan due through October 2022 (d)	102		108
Other	1		3
Unamortized debt issuance costs	(6)		(5)
Total UGI Utilities	1,451		1,121
UGI Corporation:
UGI Corporation revolving credit facility maturing August 2024 (e)	185		300
UGI Corporation variable-rate term loan due May 2025 (f)	300		300
UGI Corporation variable-rate term loan due through August 2024 (g)	250		250
UGI Corporation variable-rate term loan due May 2025 (h)	215		—
Unamortized debt issuance costs	(5)		(3)
Total UGI Corporation	945		847
Other	7		8
Total long-term debt	6,449		6,034
Less: current maturities	(110)		(53)
Total long-term debt due after one year	$	6,339	$	5,981

(a)At September 30, 2021 and 2020, the effective interest rates on the term loan were 1.89% and 2.04%, respectively. We have entered into pay fixed, receive variable interest rate swaps to effectively fix the underlying variable rate on these borrowings.

(b)At September 30, 2021 and 2020, the effective interest rates on the term loan were 5.23% and 5.30%, respectively. We have entered into a pay-fixed, receive variable interest rate swap to effectively fix the underlying variable rate on these borrowings. Term loan borrowings are due in equal quarterly installments of $2, with the balance of the principal being due in full at maturity. Under certain circumstances, Energy Services is required to make additional principal payments if the consolidated total leverage ratio, as defined, is greater than defined thresholds. This term loan is collateralized by substantially all of the assets of Energy Services, subject to certain exceptions and carveouts including, but not limited to, accounts receivable and certain real property.

(c)As a result of the Mountaineer Acquisition, total long-term debt at September 30, 2021, includes $140 of Mountaineer senior secured notes (including unamortized premium of $24). The face interest rates on the Mountaineer senior notes range from 3.50% to 4.41%, with maturities ranging from 2027 to 2034.

(d)The effective interest rate on this term loan was 4.00% at both September 30, 2021 and 2020. We have entered into a pay-fixed, receive variable interest rate swap to effectively fix the underlying variable rate on these borrowings. Term loan borrowings are due in equal quarterly installments of $2, with the balance of the principal being due in full at maturity.

(e)At September 30, 2021 and 2020, the effective interest rates on credit facility borrowings were 3.27% and 2.41%, respectively. We have entered into pay-fixed, receive variable interest rate swaps to effectively fix the underlying variable rate on a portion of these borrowings.

(f)At September 30, 2021 and 2020, the effective interest rate on this term loan 3.26% and 3.51%, respectively. We have entered into pay-fixed, receive variable interest rate swaps to effectively fix the underlying variable rate on these borrowings.

(g)At September 30, 2021 and 2020, the effective interest rates on this term loan were 3.56% and 3.50%, respectively. We have entered into pay-fixed, receive variable interest rate swaps to effectively fix the underlying variable rate on a portion of these borrowings. Term loan borrowings are due in equal quarterly installments of $9, commencing December 2022, with the balance of the principal being due in full at maturity.

(h)At September 30, 2021, the effective interest rate on this term loan 1.88%. We have entered into pay-fixed, receive variable interest rate swaps to effectively fix the underlying variable rate on these borrowings.

Schedule of Principal Repayments of Long-term Debt

Scheduled principal repayments of long-term debt for each of the next five fiscal years ending September 30 are as follows:

	2022		2023		2024		2025		2026
AmeriGas Propane	$	1	$	—	$	675	$	700	$	675
UGI International	21		2		347		—		405
Midstream & Marketing	10		7		7		7		656
UGI Utilities	7		96		—		—		275
UGI Corporation (a)	70		38		327		515		—
Other	1		6		—		—		—
Total	$	110	$	149	$	1,356	$	1,222	$	2,011

(a) In October 2021, the Company repaid $70 of borrowings on the UGI Corporation revolving credit facility maturing August 2024. Such repayments are classified as “Current maturities of long-term debt” on the 2021 Consolidated Balance Sheet.