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Supplemental Information
 12 Months Ended
Sep. 30, 2022
Disclosure Text Block Supplement [Abstract]  
Supplemental Information SUPPLEMENTAL INFORMATION
NEOM Green Hydrogen Project
In the fourth quarter of fiscal year 2020, we announced the NEOM Green Hydrogen Project (the "NEOM project”), a multi-billion dollar green hydrogen-based ammonia production facility powered by renewable energy located in the NEOM city of the Kingdom of Saudi Arabia. We, along with our joint venture partners, ACWA Power and NEOM Company, are equal owners in the newly formed NEOM Green Hydrogen Company joint venture (“NGHC”) that will develop, construct, own, operate, and finance the NEOM project. The NEOM project is expected to be financed through non-recourse project financing and the partners’ investments.
During the third quarter of fiscal year 2022, we entered into an agreement with NGHC under which we commenced construction of the NEOM project. In addition, we executed an agreement with NGHC under which we will be the exclusive offtaker of green ammonia produced by the NEOM project under a long-term take-if-tendered agreement. The NEOM project is expected to be on-stream in 2026. We intend to transport green ammonia around the world to be dissociated to produce green hydrogen, primarily for the transportation market.
Air Products has one-third of the voting interests in the NGHC joint venture; however, substantially all the activities of the joint venture involve or are conducted on behalf of Air Products. Since we have disproportionately few voting rights relative to our economic interests in the joint venture, we determined that NGHC is a variable interest entity. In addition, we determined that we are the primary beneficiary of NGHC since we have the power to unilaterally direct certain significant activities, including key design and construction decisions, and we share power with our joint venture partners related to other activities that are significant to the economic performance of NGHC. Therefore, we consolidated NGHC within the Middle East and India segment beginning in the third quarter of fiscal year 2022.
As of 30 September 2022, our consolidated balance sheet includes the following balances attributable to NGHC: $275 in "Cash and cash items," $23 in "Other receivables and current assets," $219 in "Plant and equipment, net," $58 in "Payables and accrued liabilities," $447 in "Long-term debt – related party," and $30 in "Noncontrolling interests."
Business and Asset Actions
During the fourth quarter of fiscal year 2022, we divested our small industrial gas business in Russia due to Russia's invasion of Ukraine. As a result, we recorded a noncash charge of $73.7, which included transaction costs and cumulative currency translation losses. This charge is reflected as "Business and asset actions" on our consolidated income statements and was not recorded in the results of our Europe segment.
Related Party Transactions
We have related party sales to some of our equity affiliates and joint venture partners as well as other income primarily from fees charged for use of Air Products' patents and technology. Sales to and other income from related parties totaled approximately $300, $225, and $335 for the fiscal years ended 30 September 2022, 2021, and 2020, respectively. Sales agreements with related parties include terms that are consistent with those that we believe would have been negotiated at an arm’s length with an independent party. As of 30 September 2022 and 2021, our consolidated balance sheets included related party trade receivables of approximately $55 and $90, respectively.
In addition, refer to Note 14, Debt, for information concerning debt owed to related parties.
Facility Closure
During the second quarter of fiscal year 2021, we recorded a charge of $23.2 primarily for a noncash write-down of assets associated with a contract termination in the Americas segment. This charge is reflected as "Facility closure" on our consolidated income statements for the fiscal year ended 30 September 2021 and was not recorded in the results of the Americas segment.
Company Headquarters Relocation Income (Expense)
During the second quarter of fiscal year 2020, we sold property at our former corporate headquarters located in Trexlertown, Pennsylvania. We received net proceeds of $44.1 and recorded a gain of $33.8, which is reflected on our consolidated income statements as "Company headquarters relocation income (expense)" for the fiscal year ended 30 September 2020. The gain was not recorded in the results of the Corporate and other segment.
Supplemental Balance Sheet Information
Other Receivables and Current Assets
30 September20222021
Derivative instruments$114.4 $59.8 
Contract fulfillment costs84.1 125.5 
Contract assets69.0 119.4 
Current lease receivables77.8 84.4 
Other170.5 161.8 
Other receivables and current assets$515.8 $550.9 
Other Noncurrent Assets
30 September20222021
Operating lease right-of-use assets$694.7 $566.2 
Pension benefits133.9 219.2 
Long-term deposits on plant and equipment200.0 200.0 
Deferred tax assets135.7 100.2 
Prepaid tax17.0 75.0 
Investments other than equity method66.7 66.9 
Derivative instruments74.7 23.6 
Other319.1 255.4 
Other noncurrent assets$1,641.8 $1,506.5 
Payables and Accrued Liabilities
30 September20222021
Trade creditors$1,120.7 $736.8 
Contract liabilities439.1 366.8 
Dividends payable359.4 332.1 
Accrued payroll and employee benefits249.1 221.2 
Obligation for future contribution to an equity affiliate— 150.0 
Current lease obligations90.0 78.6 
Derivative instruments228.3 68.8 
Pension and postretirement benefits11.1 25.6 
Other273.9 238.4 
Payables and accrued liabilities$2,771.6 $2,218.3 
Other Noncurrent Liabilities
30 September20222021
Operating lease liabilities$592.1 $503.4 
Asset retirement obligations265.0 258.0 
Pension benefits190.0 255.3 
Postretirement benefits15.0 22.1 
Derivative instruments138.2 52.7 
Long-term accrued income taxes related to U.S. tax reform134.6 157.1 
Contingencies related to uncertain tax positions95.6 111.8 
Contract liabilities67.2 58.4 
Environmental liabilities61.8 68.5 
Other131.7 153.6 
Other noncurrent liabilities$1,691.2 $1,640.9