Business Segment Information

3 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Business Segment Information

17. BUSINESS SEGMENT INFORMATION

Our reporting segments reflect the manner in which our chief operating decision maker reviews results and allocates resources. Except in the Corporate and other segment, each reporting segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. Our liquefied natural gas (LNG) and helium storage and distribution sale of equipment businesses are aggregated within the Corporate and other segment.

Our reporting segments are:

• Industrial Gases – Americas

• Industrial Gases – EMEA (Europe, Middle East, and Africa)

• Industrial Gases – Asia

• Industrial Gases – Global

• Corporate and other

Business Segment

	Industrial Gases– Americas		Industrial Gases– EMEA		Industrial Gases– Asia		Industrial Gases– Global			Corporate and other			Segment Total
Three Months Ended 31 December 2016
Sales	$	863.9	$	399.7	$	438.3	$	147.9		$	32.7		$	1,882.5
Operating income (loss)	223.8		88.0		118.1		8.2			(29.8		)	408.3
Depreciation and amortization	111.8		42.2		46.7		2.0			3.4			206.1
Equity affiliates' income	14.7		9.5		13.5		.3			—			38.0
Three Months Ended 31 December 2015
Sales	$	836.3	$	439.6	$	414.6	$	104.3		$	71.5		$	1,866.3
Operating income (loss)	211.6		92.3		117.3		(19.3		)	(17.4		)	384.5
Depreciation and amortization	109.0		46.8		51.9		2.1			4.9			214.7
Equity affiliates' income (loss)	14.5		7.6		11.7		(.5		)	—			33.3
Total Assets
31 December 2016	$	5,873.9	$	3,005.0	$	4,098.0	$	268.5		$	1,850.6		$	15,096.0
30 September 2016	5,896.7		3,178.6		4,232.7		367.6			2,384.5			16,060.1

The sales information noted above relates to external customers only. All intersegment sales are eliminated in consolidation. For the three months ended 31 December 2016 and 2015, the Industrial Gases – Global segment had intersegment sales of $61.0 and $54.6, respectively. These sales are generally transacted at market pricing. For all other segments, intersegment sales are not material for all periods presented. Equipment manufactured for our industrial gases segments is generally transferred at cost and not reflected as an intersegment sale.

Below is a reconciliation of segment total operating income to consolidated operating income:

	Three Months Ended
	31 December
Operating Income	2016			2015
Segment total	$	408.3		$	384.5
Business separation costs	(30.2		)	(12.0		)
Cost reduction and asset actions	(50.0		)	—
Consolidated Total	$	328.1		$	372.5

Below is a reconciliation of segment total assets to consolidated total assets:

	31 December		30 September
Total Assets	2016		2016
Segment total	$	15,096.0	$	16,060.1
Discontinued operations	860.2		1,968.5
Consolidated Total	$	15,956.2	$	18,028.6