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Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The tables below summarize changes in accumulated other comprehensive loss ("AOCL"), net of tax, attributable to Air Products for the three and six months ended 31 March 2020:
 
Derivatives
qualifying as
hedges

Foreign
currency
translation
adjustments

Pension and
postretirement
benefits

Total

Balance at 31 December 2019

($48.5
)

($1,102.5
)

($937.6
)

($2,088.6
)
Other comprehensive loss before reclassifications
(27.4
)
(398.2
)

(425.6
)
Amounts reclassified from AOCL
(17.0
)

21.2

4.2

Net current period other comprehensive income (loss)
(44.4
)
(398.2
)
21.2

(421.4
)
Amount attributable to noncontrolling interests
(25.6
)
(6.2
)

(31.8
)
Balance at 31 March 2020

($67.3
)

($1,494.5
)

($916.4
)

($2,478.2
)
 
 
 
 
 
 
Derivatives
qualifying
as hedges

Foreign
currency
translation
adjustments

Pension and
postretirement
benefits

Total

Balance at 30 September 2019

($61.4
)

($1,356.9
)

($957.3
)

($2,375.6
)
Other comprehensive loss before reclassifications
(5.3
)
(134.2
)

(139.5
)
Amounts reclassified from AOCL
(20.6
)

40.9

20.3

Net current period other comprehensive income (loss)
(25.9
)
(134.2
)
40.9

(119.2
)
Amount attributable to noncontrolling interests
(20.0
)
3.4


(16.6
)
Balance at 31 March 2020

($67.3
)

($1,494.5
)

($916.4
)

($2,478.2
)

Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)
The table below summarizes the reclassifications out of AOCL and the affected line item on the consolidated income statements:
 
Three Months Ended
Six Months Ended
 
31 March
31 March
 
2020
2019
2020
2019
(Gain) Loss on Cash Flow Hedges, net of tax
 
 
 
 
Sales/Cost of sales

($0.7
)

($0.1
)

($0.7
)

$0.4

Other income/expense, net

33.2


25.8

Interest expense
0.7

3.8

1.4

7.6

Other non-operating income (expense), net(A)
(17.0
)

(21.3
)

Total (Gain) Loss on Cash Flow Hedges, net of tax

($17.0
)

$36.9


($20.6
)

$33.8

 
 
 
 
 
Pension and Postretirement Benefits, net of tax(B)

$21.2


$18.7


$40.9


$33.9


(A) 
The fiscal year 2020 impact includes amortization of the excluded component and the effective portion of the related hedges.
(B) 
The components of net periodic benefit cost reclassified out of AOCL include items such as prior service cost amortization, actuarial loss amortization, and settlements and are included in “Other non-operating income (expense), net” on the consolidated income statements. Refer to Note 12, Retirement Benefits, for additional information.