XML 85 R65.htm IDEA: XBRL DOCUMENT v3.25.3
Variable Interest Entities (NGHC Joint Venture Project Financing) (Details) - USD ($)
$ in Millions
1 Months Ended 12 Months Ended
Aug. 31, 2023
May 31, 2023
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Variable Interest Entity [Line Items]            
Short-term borrowings     $ 34.7 $ 83.5    
Long-term debt, principal amount     17,996.0 14,485.5    
Less: Unamortized discount and debt issuance costs     308.9 304.5    
Deferred financing fees     3.8 4.6    
Operating lease right-of-use assets, net     944.0 1,047.7    
Use of cash for payments on operating leases     $ 125.2 154.6 $ 337.8  
Variable Interest Entity, Primary Beneficiary | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Voting interest in joint venture     33.33333%      
Value of engineering, procurement, and construction agreement   $ 6,700.0        
Short-term borrowings     $ 24.0 51.6    
Long-term debt     4,677.6 3,053.3    
Operating lease right-of-use assets, net     $ 218.0 233.9    
Variable Interest Entity, Primary Beneficiary | NEOM Green Hydrogen Company | Land            
Variable Interest Entity [Line Items]            
Lessee, operating lease, term           50 years
Operating lease right-of-use assets, net           $ 223.0
Use of cash for payments on operating leases $ 209.0       209.0  
Lessee, operating lease, years additional payments due after commencement     30 years      
Variable Interest Entity, Primary Beneficiary | NEOM Green Hydrogen Company | De-Designated Interest Rate Swaps            
Variable Interest Entity [Line Items]            
Gain (loss) on de-designation of cash flow hedges     $ 27.0 (16.3) 0.0  
Amount attributable to noncontrolling partners in NGHC     17.6 (10.6) 0.0  
Amount attributable to Air Products after tax     7.2 (4.3) $ 0.0  
Variable Interest Entity, Primary Beneficiary | Nonrecourse | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Total principal borrowings     4,900.0 3,300.0    
Long-term debt, principal amount     4,909.7 3,271.8    
Less: Unamortized discount and debt issuance costs     232.1 218.5    
Long-term debt     4,677.6 3,053.3    
Variable Interest Entity, Primary Beneficiary | Nonrecourse | NEOM Green Hydrogen Company | Payable in U.S. Dollars            
Variable Interest Entity [Line Items]            
Long-term debt, principal amount     3,909.6 2,536.6    
Variable Interest Entity, Primary Beneficiary | NEOM Green Hydrogen Project Financing, Primary | Nonrecourse | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Project financing, maximum borrowing capacity     $ 6,100.0      
Amount of expected debt funding, percent     73.00%      
Variable Interest Entity, Primary Beneficiary | NEOM Green Hydrogen Project Financing, Working Capital | Nonrecourse | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Project financing, maximum borrowing capacity     $ 500.0      
Variable Interest Entity, Primary Beneficiary | Saudi Riyal Loan Facility Variable-Rate 5.60% | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Short-term borrowings     $ 24.0 $ 51.6    
Interest rate, variable percentage     6.30%      
Variable Interest Entity, Primary Beneficiary | U.S. Dollar Variable Rate Facility, 6.17% due 2027-2053 | Nonrecourse | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Interest rate, variable percentage     5.49%      
Annual margin     1.31% 0.96%    
Variable Interest Entity, Primary Beneficiary | U.S. Dollar Variable Rate Facility, 6.17% due 2027-2053 | Nonrecourse | NEOM Green Hydrogen Company | Payable in U.S. Dollars            
Variable Interest Entity [Line Items]            
Long-term debt, principal amount     $ 2,911.0 $ 1,945.2    
Variable Interest Entity, Primary Beneficiary | U.S. Dollar Variable Rate Facility, 5.82% Due 2027-2041 | Nonrecourse | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Interest rate, variable percentage     5.14%      
Variable Interest Entity, Primary Beneficiary | U.S. Dollar Variable Rate Facility, 5.82% Due 2027-2041 | Nonrecourse | NEOM Green Hydrogen Company | Payable in U.S. Dollars            
Variable Interest Entity [Line Items]            
Long-term debt, principal amount     $ 630.6 345.5    
Variable Interest Entity, Primary Beneficiary | U.S. Dollar Loan Facility 5.00% due 2027-2053 | Nonrecourse | NEOM Green Hydrogen Company            
Variable Interest Entity [Line Items]            
Interest rate     5.00%      
Variable Interest Entity, Primary Beneficiary | U.S. Dollar Loan Facility 5.00% due 2027-2053 | Nonrecourse | NEOM Green Hydrogen Company | Payable in U.S. Dollars            
Variable Interest Entity [Line Items]            
Long-term debt, principal amount     $ 368.0 245.9    
Variable Interest Entity, Primary Beneficiary | Saudi Riyal Loan Facility variable-rate 2.00% due 2028 to 2041 | Nonrecourse | NEOM Green Hydrogen Company | Other Currency            
Variable Interest Entity [Line Items]            
Interest rate, variable percentage     2.00%      
Long-term debt, principal amount     $ 1,000.1 $ 735.2