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Segment Information (Tables)
6 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Three Months Ended March 31, 2024TotalEliminationsUtilitiesMidstream & MarketingUGI InternationalAmeriGas
Propane
Corporate
& Other (a)
Revenues from external customers$2,467 $— $623 $375 $673 $795 $
Intersegment revenues$— $(131)(b)$23 $108 $— $— $— 
Cost of sales$1,030 $(131)(b)$274 $283 $368 $362 $(126)
Operating income$717 $$225 $151 $124 $138 $78 
Income (loss) from equity investees— — (1)— — 
Other non-operating income, net11 — — — 
Earnings before interest expense and income taxes729 226 153 131 138 80 
Interest expense(100)— (24)(9)(11)(40)(16)
Income before income taxes$629 $ $202 $144 $120 $98 $64 
Depreciation and amortization$138 $— $41 $22 $29 $44 $
Capital expenditures (including the effects of accruals)$167 $— $91 $33 $19 $24 $— 
Three Months Ended March 31, 2023TotalEliminationsUtilitiesMidstream & MarketingUGI InternationalAmeriGas
Propane
Corporate
& Other (a)
Revenues from external customers$3,106 $— $746 $540 $948 $867 $
Intersegment revenues$— $(128)(b)$28 $98 $— $— $
Cost of sales$2,148 $(126)(b)$426 $479 $633 $430 $306 
Operating income (loss)$255 $(1)$203 $103 $120 $138 $(308)
Income (loss) income from equity investees— — — (2)— — 
Other non-operating income (expense), net— — 10 — (10)
Earnings (loss) before interest expense and income taxes257 (1)205 105 128 138 (318)
Interest expense(93)— (21)(11)(9)(39)(13)
Income (loss) before income taxes$164 $(1) $184 $94 $119 $99 $(331)
Depreciation and amortization$132 $— $37 $22 $28 $45 $— 
Capital expenditures (including the effects of accruals)$214 $— $133 $23 $30 $28 $— 
Six Months Ended March 31, 2024TotalEliminationsUtilitiesMidstream & MarketingUGI InternationalAmeriGas
Propane
Corporate
& Other (a)
Revenues from external customers$4,588 $— $1,103 $702 $1,398 $1,424 $(39)
Intersegment revenues$— $(211)(b)$36 $175 $— $— $— 
Cost of sales$2,232 $(211)(b)$495 $522 $814 $645 $(33)
Operating income (loss)
$949 $—  $359 $250 $237 $209 $(106)
Income (loss) from equity investees—  — (3)— — 
Other non-operating (expense) income, net(2)— — 14 — (18)
Earnings (loss) before interest expense and income taxes
949 — 361 255 248 209 (124)
Interest expense(200)—  (47)(20)(22)(81)(30)
Income (loss) before income taxes
$749 $—  $314 $235 $226 $128 $(154)
Depreciation and amortization$275 $—  $82 $44 $59 $88 $
Capital expenditures (including the effects of accruals)$300 $— $173 $52 $31 $44 $— 
As of March 31, 2024
Total assets$15,624 $(131)$5,850 $3,204 $3,030 $3,467 $204 
Six Months Ended March 31, 2023TotalEliminationsUtilitiesMidstream & MarketingUGI InternationalAmeriGas
Propane
Corporate
& Other (a)
Revenues from external customers$5,865 $— $1,305 $1,094 $1,825 $1,633 $
Intersegment revenues$— $(277)(b)$61 $213 $— $— $
Cost of sales$5,254 $(275)(b)$755 $993 $1,295 $816 $1,670 
Operating (loss) income
$(949)$—  $329 $209 $176 $248 $(1,911)
Income (loss) from equity investees
—  — (2)— — 
Other non-operating (expense) income, net(26)— — 20 — (50)
(Loss) earnings before interest expense and income taxes
(974)— 333 212 194 248 (1,961)
Interest expense(185)—  (42)(22)(16)(82)(23)
(Loss) income before income taxes
$(1,159)$—  $291 $190 $178 $166 $(1,984)
Depreciation and amortization$263 $—  $74 $43 $56 $89 $
Capital expenditures (including the effects of accruals)$392 $— $250 $34 $57 $51 $— 
As of March 31, 2023
Total assets$16,429 $(232)$5,643 $3,116 $3,490 $4,248 $164 
(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, 2024Location on Income StatementMidstream & MarketingUGI InternationalAmeriGas Propane
Net gains on commodity derivative instruments not associated with current-period transactionsCost of sales $41 $53 $34 
Net gains on commodity derivative instruments not associated with current-period transactionsOther operating income, net$— $$— 
Restructuring costsOperating and administrative expenses$— $(34)$— 
AmeriGas operations enhancement for growth projectOperating and administrative expenses$— $— $(6)
Unrealized gains on foreign currency derivative instrumentsOther non-operating income (expense), net$— $$— 
Costs associated with exit of the UGI International energy marketing businessOperating and administrative expenses/Other operating income, net$— $(2)$— 
Impairment of assetsOther operating income, net$— $(7)$— 
Three Months Ended March 31, 2023Location on Income StatementMidstream & MarketingUGI InternationalAmeriGas Propane
Net gains on commodity derivative instruments not associated with current-period transactionsRevenues$$$— 
Net (losses) gains on commodity derivative instruments not associated with current-period transactionsCost of sales $(78)$(235)$
Net losses on commodity derivative instruments not associated with current-period transactionsOther operating income, net$— $(1)$— 
AmeriGas operations enhancement for growth projectOperating and administrative expenses$— $— $(6)
Unrealized losses on foreign currency derivative instrumentsOther non-operating income (expense), net$— $(10)$— 
Six Months Ended March 31, 2024Location on Income StatementMidstream & MarketingUGI InternationalAmeriGas Propane
Net gains on commodity derivative instruments not associated with current-period transactionsRevenues$$$— 
Net (gains) losses on commodity derivative instruments not associated with current-period transactionsCost of sales $(6)$12 $28 
Net losses on commodity derivative instruments not associated with current-period transactionsOther operating income, net$— $(2)$— 
Restructuring costsOperating and administrative expenses$— $(34)$— 
Unrealized losses on foreign currency derivative instrumentsOther non-operating income (expense), net$— $(19)$— 
AmeriGas operations enhancement for growth projectOperating and administrative expenses$— $— $(13)
Costs associated with exit of the UGI International energy marketing businessRevenues$— $(42)$— 
Costs associated with exit of the UGI International energy marketing business
Operating and administrative expenses/Other operating income, net
$— $(10)$— 
Costs associated with exit of the UGI International energy marketing businessLoss on disposal of UGI International energy marketing business$— $(28)$— 
Impairment of assetsOther operating income, net$— $(7)$— 
Six Months Ended March 31, 2023Location on Income StatementMidstream & MarketingUGI InternationalAmeriGas Propane
Net gains on commodity derivative instruments not associated with current-period transactions
Revenues$$$— 
Net losses on commodity derivative instruments not associated with current-period transactions
Cost of sales $(261)$(1,404)$(4)
Net losses on commodity derivative instruments not associated with current-period transactionsOther operating income, net$— $(3)$— 
Unrealized losses on foreign currency derivative instruments
Other non-operating income (expense), net$— $(50)$— 
AmeriGas operations enhancement for growth projectOperating and administrative expenses$— $— $(13)
Costs associated with exit of the UGI International energy marketing businessLoss on disposal of UGI International energy marketing business$— $(215)$— 
Costs associated with exit of the UGI International energy marketing businessOperating and administrative expenses$— $(19)$— 
(b)Represents the elimination of intersegment transactions principally among Utilities, Midstream & Marketing and AmeriGas Propane.