XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Income Statements (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Sales $ 1,980.1 $ 1,777.4 $ 3,862.6 $ 3,643.7
Cost of sales 1,403.8 1,213.0 2,721.9 2,508.9
Selling and administrative 177.9 167.8 343.6 341.7
Research and development 14.8 18.2 29.9 35.1
Business separation costs 0.0 7.4 30.2 19.4
Cost reduction and asset actions 10.3 10.7 60.3 10.7
Pension settlement loss 4.1 2.0 4.1 2.0
Other income (expense), net 22.0 13.3 46.7 18.2
Operating Income 391.2 371.6 719.3 744.1
Equity affiliates’ income 34.2 32.3 72.2 65.6
Interest expense 30.5 25.7 60.0 47.9
Other non-operating income (expense), net 9.7 0.0 9.7 0.0
Income From Continuing Operations Before Taxes 404.6 378.2 741.2 761.8
Income tax provision 94.5 93.5 172.9 189.9
Income from Continuing Operations 310.1 284.7 568.3 571.9
Income (Loss) From Discontinued Operations, net of tax 1,825.6 (750.2) 1,873.8 (665.4)
Net Income (Loss) 2,135.7 (465.5) 2,442.1 (93.5)
Net Income Attributable to Noncontrolling Interests of Continuing Operations 5.7 5.8 12.3 12.1
Net Income Attributable to Noncontrolling Interests of Discontinued Operations 0.0 2.0 0.0 4.1
Net Income (Loss) Attributable to Air Products 2,130.0 (473.3) 2,429.8 (109.7)
Net Income Attributable to Air Products        
Income from continuing operations 304.4 278.9 556.0 559.8
Income (Loss) from discontinued operations 1,825.6 (752.2) 1,873.8 (669.5)
Net Income (Loss) Attributable to Air Products $ 2,130.0 $ (473.3) $ 2,429.8 $ (109.7)
Basic Earnings Per Common Share Attributable to Air Products        
Income from continuing operations, basic (in dollars per share) $ 1.40 $ 1.29 $ 2.55 $ 2.59
Income from discontinued operations, basic (in dollars per share) 8.38 (3.48) 8.61 (3.10)
Net Income Attributable to Air Products (in dollars per share) 9.78 (2.19) 11.16 (0.51)
Diluted Earnings Per Common Share Attributable to Air Products        
Income from continuing operations, diluted (in dollars per share) 1.39 1.28 2.53 2.57
Income from discontinued operations, diluted (in dollars per share) 8.31 (3.45) 8.53 (3.08)
Net Income Attributable to Air Products (in dollars per share) $ 9.70 $ (2.17) $ 11.06 $ (0.51)
Weighted Average Common Shares - Basic (in millions) 217.9 216.1 217.8 215.9
Weighted Average Common Shares - Diluted (in millions) 219.7 217.9 219.6 217.8
Dividends Declared Per Common Share - Cash (in dollars per share) $ 0.95 $ 0.86 $ 1.81 $ 1.67