Business Segment and Geographic Information (Tables)

12 Months Ended

Sep. 30, 2019

Schedule of Segment Reporting Information by Segment

Business Segment



	Industrial Gases– Americas		Industrial Gases– EMEA		Industrial Gases– Asia		Industrial Gases– Global			Corporate and other			Total
2019
Sales		$3,873.5		$2,002.5		$2,663.6		$261.0			$118.3			$8,918.9	^(A)
Operating income (loss)	997.7		472.4		864.2		(11.7		)	(152.8		)	2,169.8		^(B)
Depreciation and amortization	505.2		189.5		361.5		8.6			18.0			1,082.8
Equity affiliates' income	84.8		69.0		58.4		3.2			—			215.4		^(B)
Expenditures for long-lived assets	545.8		216.3		1,105.5		33.8			88.3			1,989.7
Investments in net assets of and advances to equity affiliates	301.6		493.4		445.5		35.7			—			1,276.2
Total assets	5,832.2		3,250.8		6,240.6		325.7			3,293.5			18,942.8
2018
Sales		$3,758.8		$2,193.3		$2,458.0		$436.1			$84.0			$8,930.2	^(A)
Operating income (loss)	927.9		445.8		689.9		53.9			(176.0		)	1,941.5		^(B)
Depreciation and amortization	485.3		198.6		265.8		8.1			12.9			970.7
Equity affiliates' income	82.0		61.1		58.3		1.9			—			203.3		^(B)
Expenditures for long-lived assets	546.5		163.1		791.9		17.3			49.6			1,568.4
Investments in net assets of and advances to equity affiliates	312.1		503.3		445.6		16.2			—			1,277.2
Total assets	5,904.0		3,280.4		5,899.5		240.1			3,854.3			19,178.3
2017
Sales		$3,637.0		$1,780.4		$1,964.7		$722.9			$82.6			$8,187.6	^(A)
Operating income (loss)	946.1		395.5		532.6		71.1			(171.5		)	1,773.8		^(B)
Depreciation and amortization	464.4		177.1		203.2		8.9			12.2			865.8
Equity affiliates' income	58.1		47.1		53.5		.9			—			159.6		^(B)
Expenditures for long-lived assets	427.2		143.2		337.8		25.6			105.9			1,039.7

^(A)

The sales information noted above relates to external customers only. All intersegment sales are eliminated in consolidation. Intersegment sales are generally transacted at market pricing. We generally do not have intersegment sales from our regional industrial gases businesses. Equipment manufactured for our regional industrial gases segments are generally transferred at cost and are not reflected as an intersegment sale.

^(B)

Refer to the Reconciliations to Consolidated Results section below.

Reconciliation of Segments to Consolidated Operating Income

The table below reconciles total operating income in the table above to consolidated operating income as reflected on our consolidated income statements:



Operating Income	2019			2018		2017
Total		$2,169.8			$1,941.5		$1,773.8
Change in inventory valuation method	—			24.1		—
Facility closure	(29.0		)	—		—
Business separation costs	—			—		(32.5		)
Cost reduction and asset actions	(25.5		)	—		(151.4		)
Goodwill and intangible asset impairment charge	—			—		(162.1		)
Gain on exchange of equity affiliate investments	29.1			—		—
Gain on land sale	—			—		12.2
Consolidated Operating Income		$2,144.4			$1,965.6		$1,440.0

Reconciliation of Segments to Consolidated Equity Affiliates' Income

The table below reconciles total equity affiliates' income in the table above to consolidated equity affiliates' income as reflected on our consolidated income statements:



Equity Affiliates' Income	2019		2018			2017
Total		$215.4		$203.3			$159.6
Equity method investment impairment charge	—		—			(79.5		)
Tax reform repatriation - equity method investment	—		(28.5		)	—
Consolidated Equity Affiliates' Income		$215.4		$174.8			$80.1

Schedule of Revenue and Long-Lived Assets by Geographical Areas

Geographic Information



Sales to External Customers	2019		2018		2017
United States		$3,351.8		$3,149.6		$2,886.8
Europe, including Middle East	2,090.3		2,292.5		2,478.5
Asia, excluding China and India	953.1		904.0		849.6
China	1,730.2		1,585.7		1,143.4
Other^(A)	793.5		998.4		829.3
Total		$8,918.9		$8,930.2		$8,187.6
Long-Lived Assets^(B)	2019		2018		2017
United States		$3,721.3		$3,512.7		$3,407.4
Europe, including Middle East	1,278.9		1,283.3		1,279.0
Asia, excluding China and India	933.8		899.8		778.5
China	3,302.6		3,066.6		1,737.9
Other^(A)	1,101.0		1,161.3		1,237.4
Total		$10,337.6		$9,923.7		$8,440.2


^(A)	Includes Canada, Latin America, and India.

^(B)

Long-lived assets include plant and equipment, net.