Accumulated Other Comprehensive Loss

9 Months Ended

Jun. 30, 2024

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

ACCUMULATED OTHER COMPREHENSIVE LOSS

The tables below summarize changes in accumulated other comprehensive loss ("AOCL"), net of tax, attributable to Air Products for the three and nine months ended 30 June 2024:



	Derivatives qualifying as hedges	Foreign currency translation adjustments	Pension and postretirement benefits	Total
Balance at 31 March 2024	$53.4	($1,759.3)	($570.0)	($2,275.9)
Other comprehensive income (loss) before reclassifications	$13.5	($140.2)	$—	($126.7)
Amounts reclassified from AOCL	$15.5	$—	$13.8	$29.3
Net current period other comprehensive income (loss)	$29.0	($140.2)	$13.8	($97.4)
Amount attributable to noncontrolling interests	$21.5	($3.8)	$0.1	$17.8
Balance at 30 June 2024	$60.9	($1,895.7)	($556.3)	($2,391.1)



	Derivatives qualifying as hedges	Foreign currency translation adjustments	Pension and postretirement benefits	Total
Balance at 30 September 2023	$61.1	($1,913.3)	($597.2)	($2,449.4)
Other comprehensive (loss) income before reclassifications	($65.3)	$16.6	$—	($48.7)
Amounts reclassified from AOCL	$8.1	$—	$41.1	$49.2
Net current period other comprehensive (loss) income	($57.2)	$16.6	$41.1	$0.5
Amount attributable to noncontrolling interests	($57.0)	($1.0)	$0.2	($57.8)
Balance at 30 June 2024	$60.9	($1,895.7)	($556.3)	($2,391.1)

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


	Three Months Ended		Nine Months Ended
	30 June		30 June
	2024	2023	2024	2023
Loss (Gain) on Cash Flow Hedges, net of tax
Sales	$0.2	($0.1)	$0.1	$—
Cost of sales	(0.2)	0.3	1.2	3.1

Interest expense	0.5	1.0	2.0	2.7
Other non-operating income (expense), net	15.0	(25.6)	4.8	(93.1)
Total Loss (Gain) on Cash Flow Hedges, net of tax	$15.5	($24.4)	$8.1	($87.3)

Currency Translation Adjustment
Business and asset actions	$—	$—	$—	($0.3)



Pension and Postretirement Benefits, net of tax(A)	$13.8	$13.5	$41.1	$39.8

(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 11, Retirement Benefits, for additional information.