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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net Income (Loss) $ 2,442.1 $ (93.5)
Less: Net income attributable to noncontrolling interests of continuing operations 12.3 12.1
Less: Net income attributable to noncontrolling interests of discontinued operations 0.0 4.1
Net Income (Loss) Attributable to Air Products 2,429.8 (109.7)
(Income) Loss from discontinued operations (1,873.8) 669.5
Income from continuing operations attributable to Air Products 556.0 559.8
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 417.9 428.6
Deferred income taxes (68.6) 80.0
Undistributed earnings of unconsolidated affiliates (31.5) (7.4)
Gain on sale of assets and investments (6.5) (2.3)
Share-based compensation 18.5 16.4
Noncurrent capital lease receivables 45.4 40.6
Write-down of long-lived assets associated with restructuring 45.7 0.0
Other adjustments 34.0 37.8
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:    
Trade receivables (53.8) 46.1
Inventories 20.7 (1.1)
Contracts in progress, less progress billings (5.0) (38.3)
Other receivables 118.4 (54.4)
Payables and accrued liabilities (178.6) (191.5)
Other working capital (51.4) (24.3)
Cash Provided by Operating Activities 861.2 890.0
Investing Activities    
Additions to plant and equipment (532.2) (472.0)
Investment in and advances to unconsolidated affiliates (8.9) (1.5)
Proceeds from sale of assets and investments 13.5 38.1
Purchases of investments (1,823.2) 0.0
Proceeds from investments 400.0 0.0
Other investing activities (1.6) (1.0)
Cash Used for Investing Activities (1,952.4) (436.4)
Financing Activities    
Long-term debt proceeds 1.3 0.0
Payments on long-term debt (469.7) (65.6)
Net decrease in commercial paper and short-term borrowings (816.6) (1.6)
Dividends paid to shareholders (374.0) (349.1)
Proceeds from stock option exercises 19.9 35.5
Other financing activities (22.7) (21.0)
Cash Used for Financing Activities (1,661.8) (401.8)
Discontinued Operations    
Cash (used for) provided by operating activities (520.8) 182.1
Cash provided by (used for) investing activities 3,750.6 (127.3)
Cash provided by (used for) investing activities 69.5 (6.8)
Cash Provided by Discontinued Operations 3,299.3 48.0
Effect of Exchange Rate Changes on Cash (7.8) 6.9
Increase in Cash and Cash Items 538.5 106.7
Cash and Cash Items – Beginning of Year 1,330.8 206.4
Cash and Cash Items – End of Period 1,869.3 313.1
Less: Cash and Cash Items - Discontinued Operations 0.0 26.4
Cash and Cash Items - Continuing Operations $ 1,869.3 $ 286.7