Goodwill and Intangible Assets

12 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 12 — Goodwill and Intangible Assets

Changes in the carrying amount of goodwill by reportable segment are as follows:

	AmeriGas Propane		UGI International		Midstream & Marketing		Utilities		Total
Balance September 30, 2020	$	2,004	$	997	$	335	$	182	$	3,518
Acquisitions	—		6		—		255		261
Purchase accounting adjustments	—		—		1		—		1
Foreign currency translation	—		(10)		—		—		(10)
Balance September 30, 2021	2,004		993		336		437		3,770
Purchase accounting adjustments	—		—		—		(5)		(5)
Foreign currency translation	—		(153)		—		—		(153)
Balance September 30, 2022	$	2,004	$	840	$	336	$	432	$	3,612

Intangible assets comprise the following at September 30:

	2022		2021
Customer relationships	$	1,006	$	1,054
Trademarks and tradenames	11		12
Noncompete agreements and other	71		75
Accumulated amortization	(629)		(607)
Intangible assets, net (definite-lived)	459		534
Trademarks and tradenames (indefinite-lived)	41		49
Total intangible assets, net	$	500	$	583

Changes in amounts above include the effects of currency translation. During the fourth quarter of Fiscal 2021, the Company recognized a $20 non-cash, pre-tax impairment charge related to a customer relationship intangible at DVEP resulting from a decline in anticipated volumes attributable to a historical customer. The charge is reflected in “Operating and administrative expenses” on the Consolidated Statements of Income.

Amortization expense of intangible assets was $61, $76 and $83 for Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. Estimated amortization expense of intangible assets during the next five fiscal years is as follows: Fiscal 2023 — $54; Fiscal 2024 — $53; Fiscal 2025 — $52; Fiscal 2026 — $51; Fiscal 2027 — $29.