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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net Income $ 1,436.4 $ 1,290.7
Less: Net income attributable to noncontrolling interests of continuing operations 36.5 33.9
Net income attributable to Air Products 1,399.9 1,256.8
Loss from discontinued operations 14.3 0.0
Income from continuing operations attributable to Air Products 1,414.2 1,256.8
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 874.5 789.2
Deferred income taxes 160.0 37.8
Tax reform repatriation 0.0 49.4
Facility closure 0.0 29.0
Undistributed (earnings) losses of unconsolidated affiliates (111.0) (56.9)
Gain on sale of assets and investments (36.9) (17.5)
Share-based compensation 39.4 31.0
Noncurrent lease receivables 69.1 71.7
Other adjustments 107.6 (0.7)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (106.2) (139.5)
Inventories (25.3) (13.5)
Other receivables (23.2) 70.6
Payables and accrued liabilities (184.7) (94.8)
Other working capital (164.3) (9.2)
Cash Provided by Operating Activities 2,013.2 2,003.4
Investing Activities    
Additions to plant and equipment, including long-term deposits (2,045.2) (1,507.6)
Acquisitions, less cash acquired 0.0 (107.0)
Investment in and advances to unconsolidated affiliates (24.4) (15.7)
Proceeds from sale of assets and investments 74.3 8.8
Purchases of investments (2,515.5) (5.3)
Proceeds from investments 177.0 190.5
Other investing activities 2.9 0.8
Cash Used for Investing Activities (4,330.9) (1,435.5)
Financing Activities    
Long-term debt proceeds 4,895.7 0.0
Payments on long-term debt (3.4) (5.4)
Net decrease in commercial paper and short-term borrowings (48.0) 37.7
Dividends paid to shareholders (807.6) (738.4)
Proceeds from stock option exercises 23.2 63.3
Other financing activities (54.4) (18.0)
Cash Provided by (Used for) Financing Activities 4,005.5 (660.8)
Effect of Exchange Rate Changes on Cash (15.1) (1.6)
Increase (Decrease) in Cash and Cash Items 1,672.7 (94.5)
Cash and Cash items – Beginning of Year 2,248.7 2,791.3
Cash and Cash Items – End of Period $ 3,921.4 $ 2,696.8