Supplemental Information

12 Months Ended

Sep. 30, 2023

Disclosure Text Block Supplement [Abstract]

Supplemental Information

SUPPLEMENTAL INFORMATION

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 $380, $300, and $225 for the fiscal years ended 30 September 2023, 2022, and 2021, 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 2023 and 2022, our consolidated balance sheets included related party trade receivables of approximately $80 and $55, respectively.

Refer to Note 16, 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.

Supplemental Balance Sheet Information

Other Receivables and Current Assets
30 September	2023	2022
Derivative instruments	$73.5	$114.4
Value added tax receivable	209.6	94.2
Contract fulfillment costs	89.0	84.1
Contract assets	124.7	69.0
Current lease receivables	78.0	77.8
Current financing receivables	50.0	—
Other	97.3	76.3
Other receivables and current assets	$722.1	$515.8

Other Noncurrent Assets
30 September	2023	2022
Pension benefits	$120.0	$133.9
Long-term deposits on plant and equipment	—	200.0
Deferred tax assets	159.6	135.7
Prepaid tax	22.2	17.0
Investments other than equity method	66.9	66.7
Deferred financing fees	58.8	—
Derivative instruments	320.6	74.7
Other	481.8	319.0
Other noncurrent assets	$1,229.9	$947.0

Payables and Accrued Liabilities
30 September	2023	2022
Trade creditors	$1,212.9	$1,120.7
Contract liabilities	413.0	439.1
Dividends payable	388.9	359.4
Accrued payroll and employee benefits	284.4	249.1
Accrued interest	106.4	64.7
Current lease obligations	94.7	90.0
Derivative instruments	98.7	228.3
Pension and postretirement benefits	9.6	11.1
Other	281.5	209.2
Payables and accrued liabilities	$2,890.1	$2,771.6

Other Noncurrent Liabilities
30 September	2023	2022
Asset retirement obligations	$285.1	$265.0
Pension benefits	192.3	190.0
Postretirement benefits	10.3	15.0
Derivative instruments	112.7	138.2
Long-term accrued income taxes related to U.S. tax reform	109.4	134.6
Contingencies related to uncertain tax positions	89.6	95.6
Contract liabilities	136.9	67.2
Environmental liabilities	50.2	61.8
Other	131.5	131.7
Other noncurrent liabilities	$1,118.0	$1,099.1