Consolidated Balance Sheets - USD ($) $ in Millions		Sep. 30, 2025	Sep. 30, 2024
Current Assets
Cash and cash items		$ 1,856.0	$ 2,979.7
Short-term investments		0.0	5.0
Trade receivables, net		1,901.2	1,821.6
Inventories		776.5	766.0
Prepaid expenses		174.9	179.9
Assets held for sale		427.7	0.0
Other receivables and current assets		689.5	610.8
Total Current Assets		5,825.8	6,363.0
Investment in net assets of and advances to equity affiliates		5,366.1	4,792.5
Plant and equipment, net		25,337.8	23,370.9
Goodwill, net		963.9	905.1
Intangible assets, net		293.5	311.6
Operating lease right-of-use assets, net		944.0	1,047.7
Noncurrent lease receivables		307.1	392.1
Financing receivables		1,000.0	1,220.2
Other noncurrent assets		1,021.3	1,171.5
Total Noncurrent Assets		35,233.7	33,211.6
Total Assets	[1]	41,059.5	39,574.6
Current Liabilities
Payables and accrued liabilities		3,237.7	2,926.2
Accrued income taxes		179.4	558.5
Short-term borrowings		34.7	83.5
Current portion of long-term debt		716.3	611.4
Liabilities held for sale		50.5	0.0
Total Current Liabilities		4,218.6	4,179.6
Noncurrent Liabilities
Noncurrent operating lease liabilities		616.0	677.9
Other noncurrent liabilities		1,348.1	1,350.5
Deferred income taxes		579.6	1,159.9
Total Noncurrent Liabilities		19,491.1	16,721.3
Total Liabilities	[1]	23,709.7	20,900.9
Commitments and Contingencies - See Note 19
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		1,306.5	1,253.2
Retained earnings		17,558.6	19,545.7
Accumulated other comprehensive loss		(2,087.8)	(2,027.7)
Treasury stock, at cost (2025 - 26,867,328 shares; 2024 - 27,083,166 shares)		(2,001.8)	(1,984.1)
Total Air Products Shareholders' Equity		15,024.9	17,036.5
Noncontrolling interests	[1]	2,324.9	1,637.2
Total Equity		17,349.8	18,673.7
Total Liabilities and Equity		41,059.5	39,574.6
Nonrelated Party
Noncurrent Liabilities
Long-term debt		16,769.9	13,428.6
Related Party
Current Assets
Trade receivables, net		105.0	120.0
Current Liabilities
Current portion of long-term debt		59.0	200.0
Noncurrent Liabilities
Long-term debt		$ 177.5	$ 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 $7,134.7 and $4,393.9 as of 30 September 2025 and 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 $4,937.7 and $3,473.4 as of 30 September 2025 and 2024, respectively. Refer to Note 3, Variable Interest Entities, for additional information regarding the NEOM Green Hydrogen Company joint venture.