Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Jun. 30, 2022

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

Schedule of Accumulated Other Comprehensive Income (Loss)

The tables below summarize changes in accumulated other comprehensive loss ("AOCL"), net of tax, attributable to Air Products for the three and nine months ended 30 June 2022:

	Derivatives qualifying as hedges	Foreign currency translation adjustments	Pension and postretirement benefits	Total
Balance at 31 March 2022	($32.0)	($911.6)	($562.0)	($1,505.6)
Other comprehensive loss before reclassifications	(16.0)	(576.1)	—	(592.1)
Amounts reclassified from AOCL	11.4	—	17.5	28.9
Net current period other comprehensive (loss) income	(4.6)	(576.1)	17.5	(563.2)
Amount attributable to noncontrolling interests	1.9	(20.1)	—	(18.2)
Balance at 30 June 2022	($38.5)	($1,467.6)	($544.5)	($2,050.6)

	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	(55.9)	(594.3)	—	(650.2)
Amounts reclassified from AOCL	56.1	—	49.4	105.5
Net current period other comprehensive income (loss)	0.2	(594.3)	49.4	(544.7)
Amount attributable to noncontrolling interests	10.4	(20.5)	0.1	(10.0)
Balance at 30 June 2022	($38.5)	($1,467.6)	($544.5)	($2,050.6)

Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)

The table below summarizes the reclassifications out of AOCL and the affected line item on the consolidated income statements:

	Three Months Ended		Nine Months Ended
	30 June		30 June
	2022	2021	2022	2021
Loss (Gain) on Cash Flow Hedges, net of tax
Sales	$—	$—	$0.5	$0.2
Cost of sales	1.3	0.2	1.5	(1.1)
Interest expense	1.0	0.9	2.8	2.7
Other non-operating income (expense), net	9.1	(13.1)	51.3	20.9
Total Loss (Gain) on Cash Flow Hedges, net of tax	$11.4	($12.0)	$56.1	$22.7
Pension and Postretirement Benefits, net of tax(A)	$17.5	$18.7	$49.4	$55.3

(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.