Accumulated Other Comprehensive Loss

6 Months Ended

Mar. 31, 2022

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE 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 2022:

	Derivatives qualifying as hedges	Foreign currency translation adjustments	Pension and postretirement benefits	Total
Balance at 31 December 2021	($17.5)	($857.0)	($577.8)	($1,452.3)
Other comprehensive loss before reclassifications	(39.4)	(58.8)	—	(98.2)
Amounts reclassified from AOCL	26.0	—	15.9	41.9
Net current period other comprehensive (loss) income	(13.4)	(58.8)	15.9	(56.3)
Amount attributable to noncontrolling interests	1.1	(4.2)	0.1	(3.0)
Balance at 31 March 2022	($32.0)	($911.6)	($562.0)	($1,505.6)

	Derivatives qualifying as hedges	Foreign currency translation adjustments	Pension and postretirement benefits	Total
Balance at 30 September 2021	($28.3)	($893.8)	($593.8)	($1,515.9)
Other comprehensive loss before reclassifications	(39.9)	(18.2)	—	(58.1)
Amounts reclassified from AOCL	44.7	—	31.9	76.6
Net current period other comprehensive income (loss)	4.8	(18.2)	31.9	18.5
Amount attributable to noncontrolling interests	8.5	(0.4)	0.1	8.2
Balance at 31 March 2022	($32.0)	($911.6)	($562.0)	($1,505.6)

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
	2022	2021	2022	2021
Loss on Cash Flow Hedges, net of tax
Sales	$0.2	$0.1	$0.5	$0.2
Cost of sales	0.3	(1.4)	0.2	(1.3)
Interest expense	0.9	0.9	1.8	1.8
Other non-operating income (expense), net	24.6	36.4	42.2	34.0
Total Loss on Cash Flow Hedges, net of tax	$26.0	$36.0	$44.7	$34.7
Pension and Postretirement Benefits, net of tax(A)	$15.9	$18.3	$31.9	$36.6

(A)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.