Business and Asset Actions (Tables)

12 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

Summary of Restructuring Charges Related to Business and Asset Actions

The table below summarizes charges related to business and asset actions as reflected on our consolidated income statements. These charges are not included in segment results.

	2025	2024	2023
Project exit costs	$3,623.3	$—	$217.6
Global cost reduction plan	123.7	57.0	27.0
Business and asset actions recorded through operating results	$3,747.0	$57.0	$244.6
Project exit-related impairment of equity method investment(A)	6.8	—	—
Subtotal	$3,753.8	$57.0	$244.6
Income tax benefit	695.2	13.2	34.7
Amount attributable to noncontrolling interests	10.7	—	5.0
Business and asset actions attributable to Air Products after-tax	$3,047.9	$43.8	$204.9

(A)Amount recorded through "Equity affiliates' income" reflects an other-than-temporary impairment of a joint venture in China that had been formed to develop clean hydrogen infrastructure in the region.

Summary of Carrying Amount of Accrual for Business and Asset Actions

The table below reconciles project exit charges recognized in operating results for fiscal year 2025 to the related accrual reflected in “Payables and Accrued Liabilities” on our consolidated balance sheet as of 30 September 2025:

Project exit costs	$3,623.3
Noncash expenses(A)	(3,282.7)
Cash payments(B)	(174.4)
Currency translation adjustment	12.1
Amount accrued as of 30 September 2025	$178.3

(A)Noncash expenses included approximately $2.5 billion to write down plant and equipment. The remaining amount primarily relates to other assets associated with our exit from the sustainable aviation fuel expansion project with World Energy as discussed in Note 3, Variable Interest Entities.

(B)Cash expenditures associated with these actions primarily reflect costs to terminate contractual commitments and settle asset retirement obligations. Total cash outflows are projected to be approximately $355 once the exit strategy is fully implemented.

The table below reconciles costs related to our global cost reduction plan to payables and accrued liability balances as reflected on our consolidated balance sheets:

2023 Charge	$27.0
Cash payments	(6.8)
Currency translation adjustment	(0.4)
Amount accrued as of 30 September 2023	$19.8
2024 Charge	$57.0
Cash payments	(43.6)
Currency translation adjustment	0.8
Amount accrued as of 30 September 2024	$34.0
2025 Charge	$123.7
Cash payments	(57.5)
Currency translation adjustment	1.4
Amount accrued as of 30 September 2025	$101.6