
15.	EQUITY

The following is a summary of the changes in total equity:



	Three Months Ended 30 June
	2017									2016
	Air Products			Non- controlling Interests			Total Equity			Air Products			Non- controlling Interests			Total Equity
Balance at 31 March	$	9,317.4		$	102.8		$	9,420.2		$	6,916.6		$	136.5		$	7,053.1
Net income	101.9			2.2			104.1			346.8			7.3			354.1
Other comprehensive income (loss)	176.6			.2			176.8			(79.0		)	(.7		)	(79.7		)
Dividends on common stock (per share $0.95, $0.86)	(207.0		)	—			(207.0		)	(186.2		)	—			(186.2		)
Dividends to noncontrolling interests	—			(7.9		)	(7.9		)	—			(8.4		)	(8.4		)
Share-based compensation	8.9			—			8.9			7.5			—			7.5
Treasury shares for stock option and award plans	17.8			—			17.8			32.0			—			32.0
Tax benefit of stock option and award plans^(A)	—			—			—			6.8			—			6.8
Other equity transactions	(3.2		)	.2			(3.0		)	.9			.1			1.0
Balance at 30 June	$	9,412.4		$	97.5		$	9,509.9		$	7,045.4		$	134.8		$	7,180.2




	Nine Months Ended 30 June
	2017									2016
	Air Products			Non- controlling Interests			Total Equity			Air Products			Non- controlling Interests			Total Equity
Balance at 30 September	$	7,079.6		$	133.8		$	7,213.4		$	7,249.0		$	132.1		$	7,381.1
Net income	2,531.7			14.5			2,546.2			237.1			23.5			260.6
Other comprehensive income	159.7			2.1			161.8			.2			2.1			2.3
Dividends on common stock (per share $2.76, $2.53)	(601.0		)	—			(601.0		)	(546.7		)	—			(546.7		)
Dividends to noncontrolling interests	—			(19.5		)	(19.5		)	—			(23.2		)	(23.2		)
Share-based compensation	27.4			—			27.4			23.9			—			23.9
Treasury shares for stock option and award plans	25.5			—			25.5			62.8			—			62.8
Tax benefit of stock option and award plans^(A)	—			—			—			16.5			—			16.5
Spin-off of Versum	186.5			(33.9		)	152.6			—			—			—
Cumulative change in accounting principle^(A)	8.8			—			8.8			—			—			—
Other equity transactions	(5.8		)	.5			(5.3		)	2.6			.3			2.9
Balance at 30 June	$	9,412.4		$	97.5		$	9,509.9		$	7,045.4		$	134.8		$	7,180.2


^(A)	Refer to Note 2, New Accounting Guidance, for information concerning the implementation and impact of new accounting guidance.