Business Segment Information

3 Months Ended

Dec. 31, 2019

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 Industrial Gases – EMEA and Corporate and other segments, each reporting segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. Our Industrial Gases – EMEA and Corporate and other segments each include the aggregation of two operating segments that meet the aggregation criteria under GAAP.

Our reporting segments are:

• Industrial Gases – Americas;

• Industrial Gases – EMEA (Europe, Middle East, and Africa);

• Industrial Gases – Asia;

• Industrial Gases – Global; and

• Corporate and other

	Industrial Gases – Americas		Industrial Gases – EMEA		Industrial Gases – Asia		Industrial Gases – Global		Corporate and other			Total
Three Months Ended 31 December 2019
Sales		$936.2		$498.7		$692.8		$92.6		$34.4			$2,254.7	(A)
Operating income (loss)	257.2		120.5		228.5		3.6		(48.8		)	561.0		(B)
Depreciation and amortization	131.8		48.4		101.6		2.4		5.0			289.2
Equity affiliates' income	20.6		19.3		16.9		1.4		—			58.2
Three Months Ended 31 December 2018
Sales		$989.2		$524.2		$626.8		$68.2		$15.6			$2,224.0	(A)
Operating income (loss)	219.2		105.6		201.8		3.9		(46.5		)	484.0		(B)
Depreciation and amortization	125.6		46.3		79.9		2.1		4.1			258.0
Equity affiliates' income	22.6		13.7		16.2		0.4		—			52.9
Total Assets
31 December 2019		$5,971.3		$3,509.3		$6,478.7		$365.0		$3,327.3			$19,651.6
30 September 2019	5,832.2		3,250.8		6,240.6		325.7		3,293.5			18,942.8

^(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 reflect as an intersegment sale.

^(B)  Refer to the Reconciliation to Consolidated Results section below.

Reconciliation to Consolidated Results

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

	Three Months Ended
	31 December
Operating Income	2019		2018
Total		$561.0		$484.0
Facility closure	—		(29.0		)
Consolidated Operating Income		$561.0		$455.0