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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating Activities    
Net Income $ 306.4 $ 372.0
Less: Net income attributable to noncontrolling interests of continuing operations 6.6 6.3
Less: Net income attributable to noncontrolling interests of discontinued operations 0.0 (2.1)
Net Income Attributable to Air Products 299.8 363.6
Income from discontinued operations (48.2) (82.7)
Income from continuing operations attributable to Air Products 251.6 280.9
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 206.1 214.7
Deferred income taxes (23.6) 31.7
Undistributed earnings of unconsolidated affiliates (6.9) 7.0
Gain on sale of assets and investments (5.0) (0.9)
Share-based compensation 9.0 8.3
Noncurrent capital lease receivables 22.3 12.2
Write-down of long-lived assets associated with restructuring 45.7 0.0
Other adjustments 10.7 (66.2)
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:    
Trade receivables 42.3 83.7
Inventories 9.9 (19.0)
Contracts in progress, less progress billings (22.6) (20.3)
Other receivables (7.2) (25.3)
Payables and accrued liabilities 10.4 (100.7)
Other working capital 31.6 (8.9)
Cash Provided by Operating Activities 574.3 397.2
Investing Activities    
Additions to plant and equipment (239.2) (248.4)
Investment in and advances to unconsolidated affiliates (8.8) 1.3
Proceeds from sale of assets and investments 11.4 30.8
Other investing activities (1.5) 0.6
Cash Used for Investing Activities (238.1) (215.7)
Financing Activities    
Long-term debt proceeds 1.2 0.0
Payments on long-term debt (14.4) (65.5)
Net (decrease) increase in commercial paper and short-term borrowings (772.2) 46.0
Dividends paid to shareholders (186.9) (174.4)
Proceeds from stock option exercises 10.7 10.3
Other financing activities (12.9) (16.6)
Cash Used for Financing Activities (974.5) (200.2)
Discontinued Operations    
Cash (used for) provided by operating activities (59.6) 176.9
Cash used for investing activities (19.4) (86.3)
Cash provided by financing activities 69.5 2.1
Cash (Used for) Provided by Discontinued Operations (9.5) 92.7
Effect of Exchange Rate Changes on Cash (16.2) (1.3)
(Decrease) Increase in Cash and Cash Items (664.0) 72.7
Cash and Cash Items – Beginning of Year 1,330.8 206.4
Cash and Cash Items – End of Period 666.8 279.1
Less: Cash and Cash Items - Discontinued Operations 11.3 46.7
Cash and Cash Items - Continuing Operations $ 655.5 $ 232.4