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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Operating Activities      
Net Income $ 3,021.2 $ 661.5 $ 1,317.6
Less: Net income attributable to noncontrolling interests of continuing operations 20.8 22.5 32.6
Less: Net income attributable to noncontrolling interests of discontinued operations 0.0 7.9 7.1
Net Income Attributable to Air Products 3,000.4 631.1 1,277.9
(Income) Loss from discontinued operations attributable to Air Products (1,866.0) [1] 468.4 (344.6)
Income from continuing operations attributable to Air Products 1,134.4 1,099.5 933.3
Adjustments to reconcile income to cash provided by operating activities:      
Depreciation and amortization 865.8 854.6 858.5
Deferred income taxes (38.0) 61.8 9.4
Loss on extinguishment of debt 0.0 6.9 [2] 16.6
Gain on previously held equity interest 0.0 0.0 (17.9)
Undistributed earnings of unconsolidated affiliates (60.1) (51.1) (101.8)
Gain on sale of assets and investments (24.3) (7.3) (29.7)
Share-based compensation 39.9 31.0 39.5
Noncurrent capital lease receivables 92.2 85.5 (10.1)
Goodwill and intangible asset impairment charge 162.1 [3] 0.0 0.0
Equity method investment impairment charge 79.5 0.0 0.0
Write-down of long-lived assets associated with restructuring 69.2 0.0 40.2
Other adjustments 165.4 156.7 53.0
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:      
Trade receivables (73.6) (44.8) (40.7)
Inventories 6.4 32.2 38.0
Contracts in progress, less progress billings (19.3) 28.2 16.9
Other receivables 124.7 (6.7) 48.9
Payables and accrued liabilities 163.8 60.1 134.9
Other working capital (154.0) (47.8) 58.0
Cash Provided by Operating Activities 2,534.1 2,258.8 2,047.0
Investing Activities      
Additions to plant and equipment (1,039.7) (907.7) (1,162.4)
Acquisitions, less cash acquired (8.2) 0.0 (34.5)
Investment in and advances to unconsolidated affiliates (8.1) 0.0 (4.3)
Proceeds from sale of assets and investments 42.5 44.6 55.3
Purchases of investments (2,692.6) 0.0 0.0
Proceeds from investments 2,290.7 0.0 0.0
Other investing activities (2.3) (1.7) (0.8)
Cash Used for Investing Activities (1,417.7) (864.8) (1,146.7)
Financing Activities      
Long-term debt proceeds 2.4 386.9 340.3
Payments on long-term debt (483.9) (480.4) (699.4)
Net (decrease) increase in commercial paper and short-term borrowings (798.6) (144.2) 285.2
Dividends paid to shareholders (787.9) (721.2) (677.5)
Proceeds from stock option exercises 68.4 141.3 121.3
Payment for subsidiary shares to noncontrolling interests 0.0 0.0 (278.4)
Other financing activities (41.3) (42.6) (51.9)
Cash Used for Financing Activities (2,040.9) (860.2) (960.4)
Discontinued Operations      
Cash (used for) provided by operating activities (966.2) 401.9 422.7
Cash provided by (used for) investing activities 3,750.6 (204.2) (453.0)
Cash provided by (used for) financing activities 69.5 555.9 (16.9)
Cash (Used for) Provided by Discontinued Operations 2,853.9 753.6 (47.2)
Effect of Exchange Rate Changes on Cash 13.4 7.5 (22.9)
Increase (Decrease) in cash and cash items 1,942.8 1,294.9 (130.2)
Cash and Cash items – Beginning of Year 1,330.8 206.4 336.6
Cash and Cash Items – End of Period 3,273.6 1,330.8 206.4
Cash and Cash Items – End of Period   1,501.3  
Less: Cash and Cash Items – Discontinued Operations 0.0 208.1 23.3
Cash and Cash Items – Continuing Operations $ 3,273.6 $ 1,293.2 $ 183.1
[1] Includes the after-tax gain on the sale of PMD. For additional information, see Note 3, Discontinued Operations.
[2] For additional information, see Note 15, Debt.
[3] For additional information, see Note 10, Goodwill, and Note 11, Intangible Assets.