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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Sep. 30, 2023
Current Assets    
Cash and cash items $ 2,979.7 $ 1,617.0
Short-term investments 5.0 332.2
Trade receivables, net 1,821.6 1,700.4
Inventories 766.0 651.8
Prepaid expenses 179.9 177.0
Other receivables and current assets 610.8 722.1
Total Current Assets 6,363.0 5,200.5
Investment in net assets of and advances to equity affiliates 4,792.5 4,617.8
Plant and equipment, net 23,370.9 17,472.1
Goodwill, net 905.1 861.7
Intangible assets, net 311.6 334.6
Operating lease right-of-use assets, net 1,047.7 974.0
Noncurrent lease receivables 392.1 494.7
Financing receivables 1,220.2 817.2
Other noncurrent assets 1,171.5 1,229.9
Total Noncurrent Assets 33,211.6 26,802.0
Total Assets [1] 39,574.6 32,002.5
Current Liabilities    
Payables and accrued liabilities 2,926.2 2,890.1
Accrued income taxes 558.5 131.2
Short-term borrowings 83.5 259.5
Current portion of long-term debt 611.4 615.0
Total Current Liabilities 4,179.6 3,895.8
Noncurrent operating lease liabilities 677.9 631.1
Other noncurrent liabilities 1,350.5 1,118.0
Deferred income taxes 1,159.9 1,266.0
Total Noncurrent Liabilities 16,721.3 12,446.4
Total Liabilities [1] 20,900.9 16,342.2
Commitments and Contingencies - See Note 19
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 1,253.2 1,190.5
Retained earnings 19,545.7 17,289.7
Accumulated other comprehensive loss (2,027.7) (2,449.4)
Treasury stock, at cost (2024 - 27,083,166 shares; 2023 - 27,255,739 shares) (1,984.1) (1,967.3)
Total Air Products Shareholders' Equity 17,036.5 14,312.9
Noncontrolling interests [1] 1,637.2 1,347.4
Total Equity 18,673.7 15,660.3
Total Liabilities and Equity 39,574.6 32,002.5
Nonrelated Party    
Current Liabilities    
Less: Long-term debt – related party 13,428.6 9,280.6
Related Party    
Current Assets    
Trade receivables, net 120.0 80.0
Current Liabilities    
Less: Long-term debt – related party $ 104.4 $ 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 $4,393.9 and $2,256.8 as of 30 September 2024 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 $3,473.4 and $1,461.1 as of 30 September 2024 and 30 September 2023, respectively. Refer to Note 3, Variable Interest Entities, for additional information.