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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net Income $ 963.8 $ 979.3
Less: Net income attributable to noncontrolling interest of continuing operations 8.7 25.9
Net income attributable to Air Products 955.1 953.4
(Income) Loss from discontinued operations (10.3) 14.3
Income from continuing operations attributable to Air Products 944.8 967.7
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 653.0 583.9
Deferred income taxes 76.1 55.0
Facility closure 23.2 0.0
Undistributed earnings of equity method investments (58.7) (101.6)
Gain on sale of assets and investments (26.2) (40.5)
Share-based compensation 22.4 26.9
Noncurrent lease receivables 43.4 47.1
Other adjustments (6.5) 54.0
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (74.8) (111.9)
Inventories (25.4) (16.5)
Other receivables 15.7 (0.7)
Payables and accrued liabilities 135.7 (111.8)
Other working capital (142.4) (113.1)
Cash Provided by Operating Activities 1,580.3 1,238.5
Investing Activities    
Additions to plant and equipment, including long-term deposits (1,227.8) (930.6)
Investment in and advances to unconsolidated affiliates (69.8) (22.7)
Proceeds from sale of assets and investments 14.8 68.0
Purchases of investments (569.0) 0.0
Proceeds from investments 1,265.5 177.0
Other investing activities 3.1 1.9
Cash Used for Investing Activities (583.2) (706.4)
Financing Activities    
Long-term debt proceeds 92.8 0.0
Payments on long-term debt (15.9) (3.4)
Net increase (decrease) in commercial paper and short-term borrowings 33.6 (33.3)
Dividends paid to shareholders (592.7) (511.7)
Proceeds from stock option exercises 4.7 20.2
Other financing activities (25.7) (9.6)
Cash Used for Financing Activities (503.2) (537.8)
Discontinued Operations    
Cash provided by operating activities 6.7 0.0
Cash provided by investing activities 0.0 0.0
Cash provided by financing activities 0.0 0.0
Cash Provided by Discontinued Operations 6.7 0.0
Effect of Exchange Rate Changes on Cash 32.7 (22.9)
Increase (Decrease) in cash and cash items 533.3 (28.6)
Cash and Cash items – Beginning of Year 5,253.0 2,248.7
Cash and Cash Items – End of Period $ 5,786.3 $ 2,220.1