Three Months Ended June 30, 2020 Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (a) Revenues from external customers $ 1,199.3 $  $ 450.9 $ 371.5 $ 201.7 $ 171.6 $ 3.6 Intersegment revenues $  $ (29.0) (b) $  $  $ 20.8 $ 7.5 $ 0.7 Cost of sales $ 416.6 $ (28.2) (b) $ 177.9 $ 198.6 $ 159.2 $ 67.9 $ (158.8) Operating income $ 173.9 $ 0.1 $ 18.8 $ 17.5 (c) $ 12.8 $ 20.9 $ 103.8 Income (loss) from equity investees 7.5   (0.1) 7.6 (d)   Other non-operating (expense) income, net (3.9)   2.9   (6.8) Earnings before interest expense and income taxes 177.5 0.1 18.8 20.3 20.4 20.9 97.0 Interest expense (80.8)  (40.2) (7.9) (11.5) (13.8) (7.4) Income (loss) before income taxes $ 96.7 $ 0.1 $ (21.4) $ 12.4 $ 8.9 $ 7.1 $ 89.6 Noncontrolling interests net loss $ (0.6) $  $  $ (0.6) $  $  $  Depreciation and amortization $ 122.5 $ (0.1) $ 45.0 $ 30.8 $ 19.4 $ 26.6 $ 0.8 Capital expenditures (including the effects of accruals) $ 133.6 $  $ 30.0 $ 20.0 $ 15.2 $ 68.3 $ 0.1 Three Months Ended June 30, 2019 (e) Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (a) Revenues from external customers $ 1,363.7 $  $ 478.7 $ 486.6 $ 239.3 $ 153.0 $ 6.1 Intersegment revenues $  $ (39.6) (b) $  $  $ 28.0 $ 10.9 $ 0.7 Cost of sales $ 781.4 $ (38.5) (b) $ 210.3 $ 278.5 $ 225.4 $ 61.0 $ 44.7 Operating income (loss) $ 9.6 $ 0.2 $ (1.2) $ 27.5 $ 2.7 $ 20.4 $ (40.0) Income from equity investees 1.5    1.5 (d)   Other non-operating income (expense), net 0.7   1.2 0.1 0.4 (1.0) Earnings (loss) before interest expense and income taxes 11.8 0.2 (1.2) 28.7 4.3 20.8 (41.0) Interest expense (60.5)  (41.6) (5.8) (0.7) (12.4)  (Loss) income before income taxes $ (48.7) $ 0.2 $ (42.8) $ 22.9 $ 3.6 $ 8.4 $ (41.0) Noncontrolling interests net loss $ (44.6) $  $ (40.7) $ (0.1) $  $  $ (3.8) Depreciation and amortization $ 109.9 $ (0.2) $ 44.0 $ 30.8 $ 11.8 $ 23.2 $ 0.3 Capital expenditures (including the effects of accruals) $ 166.0 $  $ 21.0 $ 24.1 $ 36.4 $ 84.5 $  Nine Months Ended June 30, 2020 Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (a) Revenues from external customers $ 5,434.8 $  $ 1,983.3 $ 1,726.3 $ 854.8 $ 862.3 $ 8.1 Intersegment revenues $  $ (203.2) (b) $  $  $ 162.4 $ 38.7 $ 2.1 Cost of sales $ 2,672.8 $ (200.7) (b) $ 792.7 $ 968.6 $ 721.7 $ 403.5 $ (13.0) Operating income (loss) $ 913.0 $ 0.1 $ 390.1 $ 230.1 (c) $ 139.2 $ 228.7 $ (75.2) Income from equity investees 22.0    22.0 (d)   Other non-operating (expense) income, net (3.7)   16.6  (0.2) (20.1) Earnings (loss) before interest expense and income taxes 931.3 0.1 390.1 246.7 161.2 228.5 (95.3) Interest expense (247.3)  (123.9) (23.2) (34.4) (40.9) (24.9) Income (loss) before income taxes $ 684.0 $ 0.1 $ 266.2 $ 223.5 $ 126.8 $ 187.6 $ (120.2) Noncontrolling interests net loss $ (0.5) $  $  $ (0.5) $  $  $  Depreciation and amortization $ 362.1 $ (0.3) $ 133.8 $ 92.4 $ 56.8 $ 78.1 $ 1.3 Capital expenditures (including the effects of accruals) $ 444.4 $  $ 104.4 $ 61.9 $ 61.2 $ 216.8 $ 0.1 As of June 30, 2020 Total assets $ 13,843.4 $ (364.7) $ 4,311.0 $ 3,208.1 $ 2,740.2 $ 3,708.5 $ 240.3 Short-term borrowings $ 423.1 $  $ 162.0 $ 181.1 $ 40.0 $ 40.0 $  Goodwill $ 3,482.7 $  $ 2,003.0 $ 955.4 $ 342.2 $ 182.1 $  Nine Months Ended June 30, 2019 (e) Total Eliminations AmeriGas Propane UGI International Midstream &amp; Marketing UGI Utilities Corporate &amp; Other (a) Revenues from external customers $ 6,170.0 $  $ 2,270.5 $ 1,980.5 $ 1,055.4 $ 856.4 $ 7.2 Intersegment revenues $  $ (276.0) (b) $  $  $ 213.7 $ 59.8 $ 2.5 Cost of sales $ 3,633.3 $ (272.9) (b) $ 1,024.0 $ 1,171.8 $ 1,052.2 $ 438.5 $ 219.7 Operating income (loss) $ 716.1 $ 0.2 $ 412.7 $ 212.7 $ 95.1 $ 217.3 $ (221.9) Income from equity investees 4.6   0.1 4.5 (d)   Loss on extinguishments of debt (6.1)      (6.1) Other non-operating income, net 17.6   5.0 0.1 1.2 11.3 Earnings (loss) before interest expense and income taxes 732.2 0.2 412.7 217.8 99.7 218.5 (216.7) Interest expense (181.7)  (126.2) (17.3) (1.7) (36.3) (0.2) Income (loss) before income taxes $ 550.5 $ 0.2 $ 286.5 $ 200.5 $ 98.0 $ 182.2 $ (216.9) Noncontrolling interests net income (loss) $ 131.0 $  $ 180.1 $ 0.2 $  $  $ (49.3) Depreciation and amortization $ 330.0 $ (0.3) $ 134.0 $ 92.8 $ 34.8 $ 68.0 $ 0.7 Capital expenditures (including the effects of accruals) $ 479.0 $  $ 77.8 $ 74.0 $ 93.8 $ 232.6 $ 0.8 As of June 30, 2019 Total assets $ 12,018.9 $ (116.9) $ 3,789.4 $ 3,168.0 $ 1,444.7 $ 3,375.6 $ 358.1 Short-term borrowings $ 380.2 $  $ 248.5 $ 0.7 $ 55.0 $ 76.0 $  Goodwill $ 3,159.1 $  $ 2,003.0 $ 956.2 $ 17.8 $ 182.1 $  (a) Corporate &amp; 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 &amp; Other, and the reportable segments to which they relate, for the three and nine months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Location on Income Statement AmeriGas Propane UGI International Midstream &amp; Marketing Net gains on commodity derivative instruments not associated with current-period transactions Revenues / Cost of sales $ 59.9 $ 77.8 $ 24.8 Unrealized losses on foreign currency derivative instruments Other non-operating (expense) income, net $  $ (6.8) $  Acquisition and integration expenses associated with the CMG Acquisition Operating and administrative expenses $  $  $ (0.2) LPG business transformation expenses Operating and administrative expenses $ (2.7) $ (3.7) $  Impairment of assets held-for-sale Impairment of assets held-for-sale $  $  $ (51.6) Three Months Ended June 30, 2019 Location on Income Statement AmeriGas Propane UGI International Midstream &amp; Marketing Net losses on commodity derivative instruments not associated with current-period transactions Revenues / Cost of sales $ (3.4) $ (10.8) $ (24.5) Unrealized losses on foreign currency derivative instruments Other non-operating (expense) income, net $  $ (0.8) $  AmeriGas Merger expenses Operating and other administrative expenses $ (1.8) $  $  Nine Months Ended June 30, 2020 Location on Income Statement AmeriGas Propane UGI International Midstream &amp; Marketing Net gains (losses) on commodity derivative instruments not associated with current-period transactions Revenues / Cost of sales $ 48.2 $ (53.8) $ 26.8 Unrealized losses on foreign currency derivative instruments Other non-operating (expense) income, net $  $ (20.1) $  Acquisition and integration expenses associated with the CMG Acquisition Operating and administrative expenses $  $  $ (1.9) LPG business transformation expenses Operating and administrative expenses $ (26.7) $ (15.9) $  Impairment of assets held-for-sale Impairment of assets held-for-sale $  $  $ (51.6) Nine Months Ended June 30, 2019 Location on Income Statement AmeriGas Propane UGI International Midstream &amp; Marketing Net losses on commodity derivative instruments not associated with current-period transactions Revenues / Cost of sales $ (64.8) $ (136.7) $ (11.1) Unrealized gains on foreign currency derivative instruments Other non-operating (expense) income, net $  $ 11.9 $  Loss on extinguishments of debt Loss on extinguishments of debt $  $ (6.1) $  AmeriGas Merger expenses Operating and administrative expenses $ (2.7) $  $  (b) Represents the elimination of intersegment transactions principally among Midstream &amp; Marketing, UGI Utilities and AmeriGas Propane. (c) Beginning October 1, 2019, UGI International is allocated a portion of indirect corporate expenses. Prior to October 1, 2019, these expenses were billed to its parent company, which is included in Corporate &amp; Other. (d) Includes AFUDC associated with PennEast. The three and nine months ended June 30, 2020 also includes equity income from Pennant (see Note 5). (e) Segment information recast to reflect the changes adopted during the fourth quarter of Fiscal 2019 in the segment measure of profit used by our CODM to evaluate the performance of our reportable segments.