Accumulated Other Comprehensive Loss

12 Months Ended

Sep. 30, 2023

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

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The table below summarizes changes in accumulated other comprehensive loss ("AOCL"), net of tax, attributable to Air Products:

	Derivatives qualifying as hedges	Foreign currency translation adjustments	Pension and postretirement benefits	Total
Balance at 30 September 2020	($54.5)	($1,142.8)	($942.8)	($2,140.1)
Other comprehensive income before reclassifications	3.3	267.3	274.3	544.9
Amounts reclassified from AOCL	43.5	—	74.6	118.1
Net current period other comprehensive income	$46.8	$267.3	$348.9	$663.0
Amount attributable to noncontrolling interests	20.6	18.3	(0.1)	38.8
Balance at 30 September 2021	($28.3)	($893.8)	($593.8)	($1,515.9)
Other comprehensive loss before reclassifications	(120.3)	(1,230.5)	(112.2)	(1,463.0)
Amounts reclassified from AOCL	91.4	7.3	64.8	163.5
Net current period other comprehensive loss	($28.9)	($1,223.2)	($47.4)	($1,299.5)
Amount attributable to noncontrolling interest	14.7	(44.6)	0.6	(29.3)
Balance at 30 September 2022	($71.9)	($2,072.4)	($641.8)	($2,786.1)
Other comprehensive income (loss) before reclassifications	369.2	151.1	(8.9)	511.4
Amounts reclassified from AOCL	(43.9)	(0.3)	53.8	9.6
Net current period other comprehensive income	$325.3	$150.8	$44.9	$521.0
Amount attributable to noncontrolling interest	192.3	(8.3)	0.3	184.3
Balance at 30 September 2023	$61.1	($1,913.3)	($597.2)	($2,449.4)

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

Fiscal Year Ended 30 September	2023	2022	2021
(Gain) Loss on Cash Flow Hedges, net of tax
Sales	($0.5)	$0.5	($0.6)
Cost of sales	3.7	(0.4)	(0.3)
Interest expense	3.5	3.6	3.5
Other non-operating income (expense), net	(50.6)	87.7	40.9
Total (Gain) Loss on Cash Flow Hedges, net of tax	($43.9)	$91.4	$43.5
Currency Translation Adjustment
Business and asset actions	($0.3)	$5.1	$—
Income from discontinued operations, net of tax	—	2.2	—
Currency Translation Adjustment	($0.3)	$7.3	$—
Pension and Postretirement Benefits, net of tax(A)	$53.8	$64.8	$74.6

(A)The components of net periodic benefit cost reclassified out of AOCL include items such as prior service cost amortization, actuarial loss amortization, settlements, and curtailments and are included in “Other non-operating income (expense), net” on the consolidated income statements. Refer to Note 17, Retirement Benefits, for additional information.