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Consolidated Balance Sheets
$ in Millions, ¥ in Billions
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Current Assets    
Cash and cash items $ 2,248.7 $ 2,791.3
Short-term investments 166.0 184.7
Trade receivables, net 1,260.2 1,207.2
Inventories 388.3 396.1
Prepaid expenses 77.4 129.6
Other receivables and current assets 477.7 373.3
Total Current Assets 4,618.3 5,082.2
Investment in net assets of and advances to equity affiliates 1,276.2 1,277.2
Plant and equipment, net [1] 10,337.6 9,923.7
Goodwill, net 797.1 788.9
Intangible assets, net 419.5 438.5
Noncurrent capital lease receivables 890.0 1,013.3
Other noncurrent assets 604.1 654.5
Total Noncurrent Assets 14,324.5 14,096.1
Total Assets 18,942.8 19,178.3
Current Liabilities    
Payables and accrued liabilities 1,635.7 1,817.8
Accrued income taxes 86.6 59.6
Short-term borrowings 58.2 54.3
Current portion of long-term debt [2],[3] 40.4 406.6
Total Current Liabilities 1,820.9 2,338.3
Long-term debt 2,907.3 2,967.4
Long-term debt – related party [3] 320.1 384.3
Other noncurrent liabilities 1,712.4 1,536.9
Deferred income taxes 793.8 775.1
Total Noncurrent Liabilities 5,733.6 5,663.7
Total Liabilities 7,554.5 8,002.0
Commitments and Contingencies - See Note 18
Air Products Shareholders’ Equity    
Common stock (par value $1 per share; issued 2019 and 2018 - 249,455,584 shares) 249.4 249.4
Capital in excess of par value 1,070.9 1,029.3
Retained earnings 14,138.4 13,409.9
Accumulated other comprehensive loss (2,375.6) (1,741.9)
Treasury stock, at cost (2019 - 29,040,322 shares; 2018 - 29,940,339 shares) (2,029.5) (2,089.2)
Total Air Products Shareholders' Equity 11,053.6 10,857.5
Noncontrolling Interests 334.7 318.8
Total Equity 11,388.3 11,176.3
Total Liabilities and Equity $ 18,942.8 $ 19,178.3
[1]
Long-lived assets include plant and equipment, net.
[2]
Fiscal year 2019 includes the current portion of long-term debt owed to a related party of $37.8.
[3]
Refer to Note 7, Acquisitions, for additional information regarding related party debt.