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Supplemental Information
12 Months Ended
Sep. 30, 2024
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 $350, $380, and $300 for the fiscal years ended 30 September 2024, 2023, and 2022, 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 2024 and 2023, our consolidated balance sheets included related party trade receivables of approximately $120 and $80, respectively.
Refer to Note 17, Debt, for information concerning debt owed to related parties.
Supplemental Balance Sheet Information
Other Receivables and Current Assets
30 September20242023
Derivative instruments$93.9 $73.5 
Value added tax receivable195.9 209.6 
Contract fulfillment costs103.7 89.0 
Contract assets76.2 124.7 
Current lease receivables74.5 78.0 
Current financing receivables 50.0 
Other66.6 97.3 
Other receivables and current assets$610.8 $722.1 

Other Noncurrent Assets
30 September20242023
World Energy deferred project costs
$329.4 $202.9 
Pension benefits200.0 120.0 
Deferred tax assets127.8 159.6 
Prepaid tax41.0 22.2 
Investments other than equity method67.1 66.9 
Deferred financing fees4.6 58.8 
Derivative instruments48.7 320.6 
Other352.9 278.9 
Other noncurrent assets$1,171.5 $1,229.9 
Payables and Accrued Liabilities
30 September20242023
Trade creditors$1,451.6 $1,212.9 
Contract liabilities240.0 413.0 
Dividends payable393.6 388.9 
Accrued payroll and employee benefits257.2 284.4 
Accrued interest120.6 106.4 
Current lease obligations100.3 94.7 
Derivative instruments44.6 98.7 
Pension and postretirement benefits11.3 9.6 
Other307.0 281.5 
Payables and accrued liabilities$2,926.2 $2,890.1 
Other Noncurrent Liabilities
30 September20242023
Asset retirement obligations$322.9 $285.1 
Pension benefits236.1 192.3 
Postretirement benefits8.9 10.3 
Derivative instruments56.0 112.7 
Long-term accrued income taxes related to U.S. tax reform60.8 109.4 
Contingencies related to uncertain tax positions98.5 89.6 
Contract liabilities290.0 136.9 
Environmental liabilities67.2 50.2 
Other210.1 131.5 
Other noncurrent liabilities$1,350.5 $1,118.0