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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Operating Activities      
Net Income $ 1,532.9 $ 3,021.2 [1] $ 661.5
Less: Net income attributable to noncontrolling interests of continuing operations 35.1 20.8 22.5
Less: Net income attributable to noncontrolling interests of discontinued operations 0.0 0.0 7.9
Net Income Attributable to Air Products 1,497.8 3,000.4 631.1
(Income) Loss from discontinued operations (42.2) [2] (1,866.0) [1] 468.4
Income from continuing operations attributable to Air Products 1,455.6 1,134.4 1,099.5
Adjustments to reconcile income to cash provided by operating activities:      
Depreciation and amortization 970.7 865.8 854.6
Deferred income taxes (55.4) (38.0) 61.8
Loss on extinguishment of debt 0.0 0.0 6.9
Tax reform repatriation (240.6) 0.0 0.0
Undistributed earnings of unconsolidated affiliates (52.3) (60.1) (51.1)
Gain on sale of assets and investments (6.9) (24.3) (7.3)
Share-based compensation 38.8 39.9 31.0
Noncurrent capital lease receivables 97.4 92.2 85.5
Goodwill and intangible asset impairment charge 0.0 162.1 [3] 0.0
Equity method investment impairment charge 0.0 79.5 0.0
Write-down of long-lived assets associated with cost reduction actions 0.0 69.2 0.0
Other adjustments 131.6 165.4 156.7
Working capital changes that provided (used) cash, excluding effects of acquisitions and divestitures:      
Trade receivables (42.8) (73.6) (44.8)
Inventories (64.2) 6.4 32.2
Contracts in progress, less progress billings 4.7 (19.3) 28.2
Other receivables 123.6 124.7 (6.7)
Payables and accrued liabilities (277.7) 163.8 60.1
Other working capital (9.0) (154.0) (47.8)
Cash Provided by Operating Activities 2,554.7 2,534.1 2,258.8
Investing Activities      
Additions to plant and equipment (1,568.4) (1,039.7) (907.7)
Acquisitions, less cash acquired (345.4) (8.2) 0.0
Investment in and advances to unconsolidated affiliates 0.0 (8.1) 0.0
Proceeds from Sales of Assets, Investing Activities 48.8 42.5  
Proceeds from sale of assets and investments     44.6
Purchases of investments (530.3) (2,692.6) 0.0
Proceeds from investments 748.2 2,290.7 0.0
Other investing activities (2.0) (2.3) (1.7)
Cash Used for Investing Activities (1,649.1) (1,417.7) (864.8)
Financing Activities      
Long-term debt proceeds 0.5 2.4 386.9
Payments on long-term debt (418.7) (483.9) (480.4)
Net decrease in commercial paper and short-term borrowings (78.5) (798.6) (144.2)
Dividends paid to shareholders (897.8) (787.9) (721.2)
Proceeds from stock option exercises 76.2 68.4 141.3
Other financing activities (41.5) (41.3) (42.6)
Cash Used for Financing Activities (1,359.8) (2,040.9) (860.2)
Discontinued Operations      
Cash (used for) provided by operating activities (12.8) (966.2) 401.9
Cash (used for) provided by investing activities 18.6 3,750.6 (204.2)
Cash provided by financing activities 0.0 69.5 555.9
Cash Provided by Discontinued Operations 5.8 2,853.9 753.6
Effect of Exchange Rate Changes on Cash (33.9) 13.4 7.5
(Decrease) Increase in cash and cash items (482.3) 1,942.8 1,294.9
Cash and Cash items – Beginning of Year 3,273.6 1,330.8 206.4
Cash and Cash Items – End of Period 2,791.3 3,273.6 1,330.8
Cash and Cash Items – End of Period     1,501.3
Less: Cash and Cash Items – Discontinued Operations 0.0 0.0 208.1
Cash and Cash Items – Continuing Operations $ 2,791.3 $ 3,273.6 $ 1,293.2
[1] Includes the after-tax gain on the sale of PMD. For additional information, see Note 3, Discontinued Operations.
[2] Primarily includes benefits resulting from the resolution of uncertain tax positions related to the disposition of our former European Homecare business and post-closing adjustments associated with the sale of PMD. For additional information, refer to Note 3, Discontinued Operations.
[3] For additional information, refer to Note 10, Goodwill, and Note 11, Intangible Assets.