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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net Income $ 1,033.7 $ 1,086.4
Less: Net income (loss) attributable to noncontrolling interests 21.7 (4.5)
Net income attributable to Air Products 1,012.0 1,090.9
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 661.1 668.2
Deferred income taxes 29.0 51.3
Business and asset actions 185.6 0.0
Undistributed earnings of equity method investments (78.1) (200.8)
Gain on sale of assets and investments (3.9) (11.8)
Share-based compensation 31.2 26.5
Noncurrent lease receivables 39.5 43.9
Other adjustments 70.9 (101.0)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables 162.0 (203.1)
Inventories (112.3) (57.3)
Other receivables (63.0) 13.8
Payables and accrued liabilities (451.3) 123.1
Other working capital (124.7) (138.7)
Cash Provided by Operating Activities 1,358.0 1,305.0
Investing Activities    
Additions to plant and equipment, including long-term deposits (1,841.1) (1,433.6)
Acquisitions, less cash acquired 0.0 (65.1)
Investment in and advances to unconsolidated affiliates (912.0) (1,650.9)
Proceeds from sale of assets and investments 7.2 25.3
Purchases of investments (290.5) (909.4)
Proceeds from investments 611.6 1,391.4
Other investing activities (51.2) 6.5
Cash Used for Investing Activities (2,476.0) (2,635.8)
Financing Activities    
Long-term debt proceeds 1,891.6 87.5
Payments on long-term debt (596.0) (400.0)
Net (decrease) increase in commercial paper and short-term borrowings (16.3) 210.9
Dividends paid to shareholders (719.2) (664.7)
Proceeds from stock option exercises 17.1 14.4
Investments by noncontrolling interests 72.8 3.6
Other financing activities (46.6) (37.3)
Cash Provided by (Used for) Financing Activities 603.4 (785.6)
Effect of Exchange Rate Changes on Cash 46.0 (3.8)
Decrease in cash and cash items (468.6) (2,120.2)
Cash and Cash items – Beginning of year 2,711.0 4,468.9
Cash and Cash Items – End of Period $ 2,242.4 $ 2,348.7