Earnings Per Share

12 Months Ended

Sep. 30, 2023

EARNINGS PER SHARE

The table below details the computation of basic and diluted earnings per share ("EPS"):


Fiscal Year Ended 30 September	2023	2022	2021
Numerator
Net income from continuing operations	$2,292.8	$2,243.5	$2,028.8
Net income from discontinued operations	7.4	12.6	70.3
Net Income attributable to Air Products	$2,300.2	$2,256.1	$2,099.1

Denominator (in millions)
Weighted average common shares — Basic	222.3	222.0	221.6
Effect of dilutive securities
Employee stock option and other award plans	0.4	0.5	0.9
Weighted average common shares — Diluted	222.7	222.5	222.5

Per Share Data(A) (U.S. Dollars per share)
Basic EPS from continuing operations	$10.31	$10.11	$9.16
Basic EPS from discontinued operations	0.03	0.06	0.32
Basic EPS attributable to Air Products	$10.35	$10.16	$9.47
Diluted EPS from continuing operations	$10.30	$10.08	$9.12
Diluted EPS from discontinued operations	0.03	0.06	0.32
Diluted EPS attributable to Air Products	$10.33	$10.14	$9.43

(A)EPS is calculated independently for each component and may not sum to total EPS due to rounding.

Diluted EPS attributable to Air Products reflects the potential dilution that could occur if stock options or other share-based awards were exercised or converted into common stock. The dilutive effect is computed using the treasury stock method, which assumes all share-based awards are exercised, and the hypothetical proceeds from exercise are used by the Company to purchase common stock at the average market price during the period. To the extent they would have been dilutive, the incremental shares, or the difference between shares assumed to be issued versus purchased, are included in the denominator of the diluted EPS calculation. Antidilutive outstanding share-based awards were not material in fiscal years 2023, 2022 and 2021.