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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2023
Sep. 30, 2023
Current Assets    
Cash and cash items $ 1,962.6 $ 1,617.0
Short-term investments 271.8 332.2
Trade receivables, net 1,725.4 1,700.4
Inventories 709.3 651.8
Prepaid expenses 206.8 177.0
Other receivables and current assets 773.6 722.1
Total Current Assets 5,649.5 5,200.5
Investment in net assets of and advances to equity affiliates 4,685.2 4,617.8
Plant and equipment, at cost 34,793.9 32,746.3
Less: accumulated depreciation 15,858.4 15,274.2
Plant and equipment, net 18,935.5 17,472.1
Goodwill, net 899.4 861.7
Intangible assets, net 339.1 334.6
Operating lease right-of-use assets, net 978.8 974.0
Noncurrent lease receivables 485.9 494.7
Financing receivables 1,119.1 817.2
Other noncurrent assets 1,025.7 1,229.9
Total Noncurrent Assets 28,468.7 26,802.0
Total assets [1] 34,118.2 32,002.5
Current Liabilities    
Payables and accrued liabilities 2,717.9 2,890.1
Accrued income taxes 166.9 131.2
Short-term borrowings 16.4 259.5
Current portion of long-term debt 218.0 615.0
Total Current Liabilities 3,119.2 3,895.8
Noncurrent operating lease liabilities 635.1 631.1
Other noncurrent liabilities 1,111.5 1,118.0
Deferred income taxes 1,250.0 1,266.0
Total Noncurrent Liabilities 14,869.9 12,446.4
Total Liabilities [1] 17,989.1 16,342.2
Commitments and Contingencies - See Note 10
Air Products Shareholders’ Equity    
Common stock (par value $1 per share; issued 2024 and 2023 - 249,455,584 shares) 249.4 249.4
Capital in excess of par value 1,200.0 1,190.5
Retained earnings 17,510.0 17,289.7
Accumulated other comprehensive income (2,120.3) (2,449.4)
Treasury stock, at cost (2024 - 27,154,533 shares; 2023 - 27,255,739 shares) (1,966.1) (1,967.3)
Total Air Products Shareholders’ Equity 14,873.0 14,312.9
Noncontrolling interests [1] 1,256.1 1,347.4
Total Equity 16,129.1 15,660.3
Total Liabilities and Equity 34,118.2 32,002.5
Nonrelated Party    
Current Liabilities    
Long-term debt 11,715.4 9,280.6
Related Party    
Current Assets    
Trade receivables, net 90.0 80.0
Current Liabilities    
Current portion of long-term debt 136.9 177.6
Long-term debt $ 157.9 $ 150.7
[1] Includes balances associated with a consolidated variable interest entity ("VIE"), including amounts reflected in "Total Assets" that can only be used to settle obligations of the VIE of $2,751.8 and $2,256.8 as of 31 December 2023 and 30 September 2023, respectively, as well as liabilities of the VIE reflected within "Total Liabilities" for which creditors do not have recourse to the general credit of Air Products of $2,166.1 and $1,461.1 as of 31 December 2023 and 30 September 2023, respectively. Refer to Note 3, Variable Interest Entities, for additional information regarding the NEOM Green Hydrogen Company joint venture.