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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
Current Assets    
Cash and cash items $ 1,845.5 $ 2,979.7
Short-term investments 117.5 5.0
Trade receivables, net 1,807.4 1,821.6
Inventories 739.0 766.0
Prepaid expenses 201.8 179.9
Other receivables and current assets 640.5 610.8
Total Current Assets 5,351.7 6,363.0
Investment in net assets of and advances to equity affiliates 4,772.1 4,792.5
Plant and equipment, at cost 41,097.9 39,950.9
Less: accumulated depreciation 16,367.1 16,580.0
Plant and equipment, net 24,730.8 23,370.9
Goodwill, net 866.5 905.1
Intangible assets, net 287.5 311.6
Operating lease right-of-use assets, net 1,017.4 1,047.7
Noncurrent lease receivables 335.7 392.1
Financing receivables 1,245.4 1,220.2
Other noncurrent assets 1,410.1 1,171.5
Total Noncurrent Assets 34,665.5 33,211.6
Total Assets [1] 40,017.2 39,574.6
Current Liabilities    
Payables and accrued liabilities 3,023.7 2,926.2
Accrued income taxes 586.1 558.5
Short-term borrowings 68.2 83.5
Current portion of long-term debt 1,131.4 611.4
Total Current Liabilities 4,809.4 4,179.6
Noncurrent operating lease liabilities 655.1 677.9
Other noncurrent liabilities 1,348.1 1,350.5
Deferred income taxes 1,195.0 1,159.9
Total Noncurrent Liabilities 16,469.1 16,721.3
Total Liabilities [1] 21,278.5 20,900.9
Commitments and Contingencies - See Note 10
Air Products Shareholders’ Equity    
Common stock (par value $1 per share; issued 2025 and 2024 - 249,455,584 shares) 249.4 249.4
Capital in excess of par value 1,260.9 1,253.2
Retained earnings 19,767.3 19,545.7
Accumulated other comprehensive loss (2,586.2) (2,027.7)
Treasury stock, at cost (2025 - 26,979,918 shares; 2024 - 27,083,166 shares) (1,999.1) (1,984.1)
Total Air Products Shareholders’ Equity 16,692.3 17,036.5
Noncontrolling interests [1] 2,046.4 1,637.2
Total Equity 18,738.7 18,673.7
Total Liabilities and Equity 40,017.2 39,574.6
Nonrelated Party    
Current Liabilities    
Long-term debt 13,170.5 13,428.6
Related Party    
Current Assets    
Trade receivables, net 185.0 120.0
Current Liabilities    
Current portion of long-term debt 192.3 200.0
Long-term debt $ 100.4 $ 104.4
[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 $5,692.4 and $4,393.9 as of 31 December 2024 and 30 September 2024, 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 $3,994.1 and $3,473.4 as of 31 December 2024 and 30 September 2024, respectively. Refer to Note 3, Variable Interest Entities, for additional information regarding the NEOM Green Hydrogen Company joint venture.