Business Segment Information

6 Months Ended

Mar. 31, 2016

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Business Segment Information

19.BUSINESS SEGMENT INFORMATION

Our reporting segments reflect the manner in which our chief operating decision maker reviews results and allocates resources. Except in the Corporate and other segment, each reporting segment meets the definition of an operating segment and does not include the aggregation of multiple operating segments. Our liquefied natural gas (LNG) and helium storage and distribution sale of equipment businesses are aggregated within the Corporate and other segment.

Our reporting segments are:

• Industrial Gases – Americas
• Industrial Gases – EMEA (Europe, Middle East, and Africa)
• Industrial Gases – Asia
• Industrial Gases – Global
• Materials Technologies
• Corporate and other

Business Segment
	Industrial		Industrial		Industrial		Industrial
	Gases–		Gases–		Gases–		Gases–		Materials		Corporate		Segment
	Americas		EMEA		Asia		Global		Technologies		and other		Total
Three Months Ended 31 March 2016
Sales	$	797.9	$	420.3	$	406.4	$	86.6	$	494.3	$	65.7	$	2,271.2
Operating income (loss)		224.2		89.4		104.4		(10.9)		129.3		(4.5)		531.9
Depreciation and amortization		109.4		48.3		48.5		1.8		20.0		4.1		232.1
Equity affiliates' income		7.7		7.2		17.4		-		.2		-		32.5
Three Months Ended 31 March 2015
Sales	$	890.4	$	448.8	$	393.0	$	67.1	$	533.3	$	81.9	$	2,414.5
Operating income (loss)		182.0		71.0		84.7		(7.9)		124.2		(9.1)		444.9
Depreciation and amortization		103.3		47.6		50.3		5.5		23.3		3.3		233.3
Equity affiliates' income (loss)		15.1		8.0		9.4		(.2)		.7		-		33.0
Six Months Ended 31 March 2016
Sales	$	1,634.0	$	858.6	$	819.6	$	190.9	$	984.3	$	139.6	$	4,627.0
Operating income (loss)		436.0		181.1		221.1		(30.2)		256.5		(10.0)		1,054.5
Depreciation and amortization		218.2		95.0		100.2		3.9		39.6		7.9		464.8
Equity affiliates' income (loss)		22.2		14.8		29.1		(.5)		.6		-		66.2
Six Months Ended 31 March 2015
Sales	$	1,893.4	$	949.6	$	791.7	$	126.1	$	1,057.3	$	157.2	$	4,975.3
Operating income (loss)		393.2		152.3		175.2		(25.8)		228.8		(32.0)		891.7
Depreciation and amortization		206.9		98.7		99.9		9.8		47.3		6.2		468.8
Equity affiliates' income		32.3		18.3		24.0		.2		1.3		-		76.1
Total Assets
31 March 2016	$	5,899.2	$	3,314.4	$	4,215.5	$	278.6	$	1,735.1	$	1,347.6	$	16,790.4
30 September 2015		5,774.9		3,323.9		4,154.0		370.5		1,741.9		1,075.7		16,440.9

The sales information noted above relates to external customers only. All intersegment sales are eliminated in consolidation. For the three and six months ended 31 March 2016, the Industrial Gases – Global segment had intersegment sales of $56.6 and $111.2, respectively. For the three and six months ended31 March 2015, the Industrial Gases – Global segment had intersegment sales of $54.1 and $113.7, respectively. These sales are generally transacted at market pricing. For all other segments, intersegment sales are not material for all periods presented. Equipment manufactured for our industrial gases segments is generally transferred at cost and not reflected as an intersegment sale.

Below is a reconciliation of segment total operating income to consolidated operating income:
	Three Months Ended				Six Months Ended
	31 March				31 March
Operating Income		2016		2015		2016		2015
Segment total	$	531.9	$	444.9	$	1,054.5	$	891.7
Business separation costs		(7.4)		-		(19.4)		-
Business restructuring and cost reduction actions		(8.6)		(55.4)		(8.6)		(87.8)
Pension settlement loss		(2.6)		(12.6)		(2.6)		(12.6)
Gain on previously held equity interest		-		-		-		17.9
Consolidated Total	$	513.3	$	376.9	$	1,023.9	$	809.2

Below is a reconciliation of segment total assets to consolidated total assets:
	31 March		30 September
Total Assets	2016		2015
Segment total	$	16,790.4	$	16,440.9
Discontinued operations		20.4		893.6
Consolidated Total	$	16,810.8	$	17,334.5