XML 46 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Accumulated Other Comprehensive Loss
12 Months Ended
Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss ACCUMULATED OTHER COMPREHENSIVE LOSS
The table below summarizes changes in accumulated other comprehensive loss ("AOCL"), net of tax, attributable to Air Products:
Derivatives
qualifying
as hedges
Foreign
currency
translation
adjustments
Pension and
postretirement
benefits
Total
Balance at 30 September 2017($53.1)($787.1)($1,007.2)($1,847.4)
Other comprehensive income (loss) before reclassifications45.9 (244.6)179.4 (19.3)
Amounts reclassified from AOCL(30.4)3.1 133.1 105.8 
Net current period other comprehensive income (loss)$15.5 ($241.5)$312.5 $86.5 
Amount attributable to noncontrolling interests— (18.8)(0.2)(19.0)
Balance at 30 September 2018($37.6)($1,009.8)($694.5)($1,741.9)
Other comprehensive loss before reclassifications(44.1)(356.2)(326.2)(726.5)
Amounts reclassified from AOCL12.3 (2.6)63.2 72.9 
Net current period other comprehensive loss($31.8)($358.8)($263.0)($653.6)
Amount attributable to noncontrolling interest(8.0)(11.7)(0.2)(19.9)
Balance at 30 September 2019($61.4)($1,356.9)($957.3)($2,375.6)
Other comprehensive income (loss) before reclassifications43.5 233.4 (68.2)208.7 
Amounts reclassified from AOCL(57.7)— 82.5 24.8 
Net current period other comprehensive income (loss)($14.2)$233.4 $14.3 $233.5 
Amount attributable to noncontrolling interest(21.1)19.3 (0.2)(2.0)
Balance at 30 September 2020($54.5)($1,142.8)($942.8)($2,140.1)
The table below summarizes the reclassifications out of AOCL and the affected line item on the consolidated income statements:
Year Ended 30 September
202020192018
(Gain) Loss on Cash Flow Hedges, net of tax
Sales/Cost of sales($1.0)$0.6 $7.1 
Other income (expense), net (3.0)(42.6)
Interest expense2.8 14.7 5.1 
Other non-operating income (expense), net(A)
(59.5)— — 
Total (Gain) Loss on Cash Flow Hedges, net of tax($57.7)$12.3 ($30.4)
Currency Translation Adjustment(B)
$— ($2.6)$3.1 
Pension and Postretirement Benefits, net of tax(C)
$82.5 $63.2 $133.1 
(A)The fiscal year 2020 impact includes amortization of the excluded component and the effective portion of the related hedges.
(B)The fiscal year 2019 impact relates to a net gain on the exchange of two equity affiliates with a joint venture partner. Refer to Note 3, Acquisitions, for additional information. The fiscal year 2018 impact relates to an equipment sale resulting from the termination of a contract in the Industrial Gases – Asia segment during the first quarter.
(C)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 16, Retirement Benefits, for additional information.