Equity Affiliates (Tables)

12 Months Ended

Sep. 30, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity Method Investments

As of 30 September 2023, our equity affiliates were as follows:

Abdullah Hashim Industrial Gases & Equipment Co., Ltd. (25%);	INFRA Group (40%);
Air Products South Africa (Proprietary) Limited (50%);	INOX Air Products Private Limited (50%);
Bangkok Cogeneration Company Limited (49%);	Jazan Integrated Gasification and Power Company (51%);
Bangkok Industrial Gases Co., Ltd. (49%);	Kulim Industrial Gases Sdn. Bhd. (50%);
Chengdu Air & Gas Products Ltd. (50%);	Sapio Produzione Idrogeno Ossigeno S.r.l. (49%);
Helios S.p.A. (49%);	and principally, other industrial gas producers.

Dividends and other distributions received from equity affiliates were $344.3, $285.1, and $157.3 in fiscal years 2023, 2022, and 2021, respectively.

As of 30 September 2023 and 2022, the amount of investment in companies accounted for by the equity method included equity method goodwill of $41.3 and $44.6, respectively.

Summarized Financial Information

The summarized financial information presented below is on a combined 100% basis and has been compiled based on the financial statements of our equity affiliates.

30 September		2023	2022
Current assets		$3,097.1	$2,454.6
Noncurrent assets		14,468.2	9,805.6
Current liabilities		1,145.7	939.0
Noncurrent liabilities		11,934.0	7,713.5
Fiscal Year Ended 30 September	2023	2022	2021
Net sales(A)	$5,192.9	$4,124.4	$3,338.1
Gross profit	2,465.5	1,894.0	1,492.9
Operating income	1,847.4	1,320.1	962.2
Net income	1,062.9	895.1	646.0

(A)Includes financing revenue of $1,011.3, $674.6, and $134.9 in fiscal years 2023, 2022, and 2021, respectively. Financing revenue in fiscal years 2023 and 2022 primarily relates to the JIGPC joint venture discussed below.