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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net Income $ 1,086.4 $ 963.8
Less: Net (loss) income attributable to noncontrolling interests of continuing operations (4.5) 8.7
Net income attributable to Air Products 1,090.9 955.1
Income from discontinued operations 0.0 (10.3)
Income from continuing operations attributable to Air Products 1,090.9 944.8
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 668.2 653.0
Deferred income taxes 51.3 76.1
Facility closure 0.0 23.2
Undistributed earnings of equity method investments (200.8) (58.7)
Gain on sale of assets and investments (11.8) (26.2)
Share-based compensation 26.5 22.4
Noncurrent lease receivables 43.9 43.4
Other adjustments (101.0) (6.5)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (203.1) (74.8)
Inventories (57.3) (25.4)
Other receivables 13.8 15.7
Payables and accrued liabilities 123.1 135.7
Other working capital (138.7) (142.4)
Cash Provided by Operating Activities 1,305.0 1,580.3
Investing Activities    
Additions to plant and equipment, including long-term deposits (1,433.6) (1,227.8)
Acquisitions, less cash acquired (65.1) 0.0
Investment in and advances to unconsolidated affiliates (1,650.9) (69.8)
Proceeds from sale of assets and investments 25.3 14.8
Purchases of investments (909.4) (569.0)
Proceeds from investments 1,391.4 1,265.5
Other investing activities 6.5 3.1
Cash Used for Investing Activities (2,635.8) (583.2)
Financing Activities    
Long-term debt proceeds 87.5 92.8
Payments on long-term debt (400.0) (15.9)
Net increase in commercial paper and short-term borrowings 210.9 33.6
Dividends paid to shareholders (664.7) (592.7)
Proceeds from stock option exercises 14.4 4.7
Other financing activities (33.7) (25.7)
Cash Used for Financing Activities (785.6) (503.2)
Cash provided by operating activities 0.0 6.7
Cash provided by investing activities 0.0 0.0
Cash provided by financing activities 0.0 0.0
Cash Provided by Discontinued Operations 0.0 6.7
Effect of Exchange Rate Changes on Cash (3.8) 32.7
(Decrease) Increase in cash and cash items (2,120.2) 533.3
Cash and Cash items – Beginning of year 4,468.9 5,253.0
Cash and Cash Items – End of Period $ 2,348.7 $ 5,786.3