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Business Segment Information
 3 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Business Segment Information BUSINESS SEGMENT INFORMATION
Our reporting segments reflect the manner in which our chief operating decision maker reviews results and allocates resources. Except in the Corporate and other segment, each reporting segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. Our liquefied natural gas (LNG) and helium storage and distribution sale of equipment businesses are aggregated within the Corporate and other segment.
Our reporting segments are:
•
Industrial Gases – Americas
•
Industrial Gases – EMEA (Europe, Middle East, and Africa)
•
Industrial Gases – Asia
•
Industrial Gases – Global
•
Corporate and other
 
Industrial
Gases –
Americas
Industrial
Gases –
EMEA
Industrial
Gases –
Asia
Industrial
Gases –
Global
Corporate
and other
Segment
Total
Three Months Ended 31 December 2017
Sales
$
909.8

$
515.9

$
643.6

$
133.0

$
14.3

$
2,216.6

Operating income (loss)
217.2

104.5

175.5

9.5

(46.0
)
460.7

Depreciation and amortization
117.8

49.1

56.8

1.6

2.6

227.9

Equity affiliates' income
18.6

13.1

14.2

.4

—

46.3

Three Months Ended 31 December 2016
Sales
$
863.9

$
399.7

$
438.3

$
147.9

$
32.7

$
1,882.5

Operating income (loss)
223.3

90.0

118.4

8.2

(29.1
)
410.8

Depreciation and amortization
111.8

42.2

46.7

2.0

3.4

206.1

Equity affiliates' income
14.7

9.5

13.5

.3

—

38.0


 
 
 
 
 
 
 
Total Assets
31 December 2017
$
5,878.6

$
3,378.5

$
4,592.3

$
285.5

$
4,063.7

$
18,198.6

30 September 2017
5,840.8

3,276.1

4,412.1

279.6

4,648.4

18,457.0


The sales information noted above relates to external customers only. All intersegment sales are eliminated in consolidation. For the three months ended 31 December 2017 and 2016, the Industrial Gases – Global segment had intersegment sales of $61.9 and $61.0, respectively. These sales are generally transacted at market pricing. For all other segments, intersegment sales are not material for all periods presented. Equipment manufactured for our industrial gases segments is generally transferred at cost and not reflected as an intersegment sale.
In 2015, we entered into a long-term sale of equipment contract to engineer, procure, and construct industrial gas facilities with a 25%-owned joint venture for Saudi Aramco's Jazan oil refinery and power plant in Saudi Arabia. Sales related to this contract are included in the results of our Industrial Gases – Global segment and were approximately $90 and $110 during the three months ended 31 December 2017 and 2016, respectively.
Below is a reconciliation of segment total operating income to consolidated operating income:
 
Three Months Ended
 
31 December
Operating Income
2017
2016
Segment total
$
460.7

$
410.8

Business separation costs
—

(32.5
)
Cost reduction and asset actions
—

(50.0
)
Consolidated Total
$
460.7

$
328.3


Below is a reconciliation of segment total equity affiliates' income to consolidated equity affiliates' income:
 
 
 
 
Three Months Ended
 
31 December
Equity Affiliates' Income
2017
2016
Segment total
$
46.3

$
38.0

Tax reform repatriation - equity method investment(A)
(32.5
)
—

Consolidated Total
$
13.8

$
38.0

(A) 
For additional information on the impact of the U.S. Tax Cuts and Jobs Act, including our equity affiliate impact, refer to Note 17, Income Taxes.
Below is a reconciliation of segment total assets to consolidated total assets:
 
31 December
30 September
Total Assets
2017
2017
Segment total
$
18,198.6

$
18,457.0

Discontinued operations
10.2

10.2

Consolidated Total
$
18,208.8

$
18,467.2