Business Segment Information (Tables)

6 Months Ended

Mar. 31, 2020

Schedule of Segment Reporting Information, by Segment



	Industrial Gases – Americas		Industrial Gases – EMEA		Industrial Gases – Asia		Industrial Gases – Global			Corporate and other			Total
Three Months Ended 31 March 2020
Sales		$932.4		$492.7		$658.1		$79.3			$53.8			$2,216.3	^(A)
Operating income (loss)	268.0		124.6		209.1		(19.8		)	(38.5		)	543.4		^(B)
Depreciation and amortization	135.5		47.6		104.1		2.4			5.1			294.7
Equity affiliates' income	21.6		13.5		13.8		5.5			—			54.4		^(B)
Three Months Ended 31 March 2019
Sales		$991.7		$494.4		$625.4		$53.8			$22.4			$2,187.7	^(A)
Operating income (loss)	255.6		122.5		199.7		(12.2		)	(49.1		)	516.5		^(B)
Depreciation and amortization	124.9		46.3		84.9		2.0			4.0			262.1
Equity affiliates' income	17.8		13.3		13.8		1.3			—			46.2		^(B)




	Industrial Gases – Americas		Industrial Gases – EMEA		Industrial Gases – Asia		Industrial Gases – Global			Corporate and other			Total
Six Months Ended 31 March 2020
Sales		$1,868.6		$991.4		$1,350.9		$171.9			$88.2			$4,471.0	^(A)
Operating income (loss)	525.2		245.1		437.6		(16.2		)	(87.3		)	1,104.4		^(B)
Depreciation and amortization	267.3		96.0		205.7		4.8			10.1			583.9
Equity affiliates' income	42.2		32.8		30.7		6.9			—			112.6		^(B)
Six Months Ended 31 March 2019
Sales		$1,980.9		$1,018.6		$1,252.2		$122.0			$38.0			$4,411.7	^(A)
Operating income (loss)	474.8		228.1		401.5		(8.3		)	(95.6		)	1,000.5		^(B)
Depreciation and amortization	250.5		92.6		164.8		4.1			8.1			520.1
Equity affiliates' income	40.4		27.0		30.0		1.7			—			99.1		^(B)
Total Assets
31 March 2020		$5,933.7		$3,378.8		$6,489.7		$438.1			$3,260.9			$19,501.2
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 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:



	Three Months Ended				Six Months Ended
	31 March				31 March
Operating Income	2020		2019		2020		2019
Total		$543.4		$516.5		$1,104.4		$1,000.5
Facility closure	—		—		—		(29.0		)
Company headquarters relocation income (expense)	33.8		—		33.8		—
Consolidated Operating Income		$577.2		$516.5		$1,138.2		$971.5

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:



	Three Months Ended				Six Months Ended
	31 March				31 March
Equity Affiliates' Income	2020		2019		2020		2019
Total		$54.4		$46.2		$112.6		$99.1
India Finance Act 2020	33.8		—		33.8		—
Consolidated Equity Affiliates' Income		$88.2		$46.2		$146.4		$99.1