Business and Asset Actions (Tables)

9 Months Ended

Jun. 30, 2026

Restructuring and Related Activities [Abstract]

Summary of Charges for Business and Asset Actions

The table below summarizes charges for business and asset actions within our consolidated income statements. These charges were not recorded in segment results.

	Three Months Ended		Nine Months Ended
	30 June		30 June
	2026	2025	2026	2025
Project exit decisions	$2,907.4	$24.1	$2,929.4	$2,885.9
Global cost reduction plan	—	—	—	66.1
Charges recorded to operating income/loss	$2,907.4	$24.1	$2,929.4	$2,952.0
Project exit-related non-operating charges(A)	—	—	6.3	6.8
Charges recorded to income/loss from continuing operations before taxes	$2,907.4	$24.1	$2,935.7	$2,958.8
Income tax benefit	695.4	8.7	698.5	649.3
Amounts attributable to noncontrolling interests	—	—	0.6	3.5
Charges attributable to Air Products, after-tax	$2,212.0	$15.4	$2,236.6	$2,306.0

(A)Non-operating expenses in fiscal year 2026 were recorded through "Other non‑operating income (expense), net" for losses on cross‑currency interest rate swaps terminated in connection with the early repayment of intercompany loans for a gasification project being marketed for sale in China. Non-operating expenses in fiscal year 2025 were recorded through "Equity affiliates' income" and reflected an other-than-temporary impairment of a joint venture in China that had been formed to develop clean hydrogen infrastructure.

The table below summarizes cumulative charges incurred by major type of cost through 30 June 2026, categorized based on the fiscal year in which the underlying exit decisions were made.

	FY2026 Project Exit Decisions	FY2025 Project Exit Decisions(A)	Total Project Exit Decisions
Asset write-downs(B)	$2,210.6	$3,307.8	$5,518.4
Other exit costs(C)	696.8	350.6	1,047.4
Cumulative charges through 30 June 2026	$2,907.4	$3,658.4	$6,565.8

(A) Charges related to FY2025 Project Exit Decisions include $3,630.1 recorded in fiscal year 2025 as well as $28.3 recorded during the first quarter of fiscal year 2026, primarily to update estimates for project-related commitments and asset disposal costs.

(B) Impacted assets primarily include plant and equipment. Fiscal year 2025 also included charges related to other assets associated with project exits, as discussed in Note 3, Variable Interest Entities.

(C) Primarily reflects estimated costs to terminate contractual commitments and settle asset retirement obligations.

Summary of Carrying Amount of Accrual for Business and Asset Actions

The table below provides a reconciliation of the Company's accrued liability associated with project exit decisions included within "Payables and Accrued Liabilities" on the consolidated balance sheets:

	FY2026 Project Exit Decisions	FY2025 Project Exit Decisions	Total Project Exit Decisions
Liability as of 30 September 2025	$—	$178.3	$178.3
Estimated project exit costs accrued	696.8	—	696.8
Changes in estimates	—	3.7	3.7
Cash payments	—	(92.1)	(92.1)
Liability as of 30 June 2026	$696.8	$89.9	$786.7

The table below provides a reconciliation of the beginning and ending liability balances associated with our global cost reduction plan, which are reflected within “Payables and Accrued Liabilities” on our consolidated balance sheets:

Amount accrued as of 30 September 2025	$101.6
Cash payments	(47.7)
Currency translation adjustment	(0.6)
Amount accrued as of 30 June 2026	$53.3