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Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]      
Sales $ 7,503.7 $ 7,824.3 $ 8,384.0
Cost of sales 5,176.6 5,598.2 6,207.9
Selling and administrative 685.0 773.0 892.2
Research and development 71.6 76.4 78.5
Business separation costs 50.6 [1] 7.5 [1] 0.0
Business restructuring and cost reduction actions 34.5 [2] 180.1 [2] 11.1
Pension settlement loss 5.1 [3] 19.3 [3] 5.2
Goodwill and intangible asset impairment charge 0.0 0.0 310.1
Gain on previously held equity interest 0.0 17.9 [4] 0.0
Other income (expense), net 49.4 45.5 45.2
Operating Income 1,529.7 [5] 1,233.2 924.2
Equity affiliates' income 147.0 152.3 148.9
Interest expense 115.2 102.8 124.0
Loss on extinguishment of debt 6.9 [6] 16.6 [6] 0.0
Income from Continuing Operations before Taxes 1,554.6 1,266.1 949.1
Income tax provision 432.6 [7] 300.2 258.1
Income from Continuing Operations 1,122.0 965.9 691.0
Income (loss) from Discontinued Operations, net of tax (460.5) 351.7 302.1
Net Income 661.5 1,317.6 993.1
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest 22.5 32.6 (5.7)
Net Income Attributable to Noncontrolling Interests of Discontinued Operations 7.9 7.1 7.1
Net Income Attributable to Air Products 631.1 1,277.9 991.7
Net Income Attributable to Air Products      
Income from continuing operations 1,099.5 933.3 696.7
Income (loss) from discontinued operations (468.4) 344.6 295.0
Net Income Attributable to Air Products $ 631.1 $ 1,277.9 $ 991.7
Basic Earnings Per Common Share Attributable to Air Products      
Income from continuing operations $ 5.08 $ 4.34 $ 3.28
Income (loss) from discontinued operations (2.16) 1.61 1.38
Net Income Attributable to Air Products 2.92 5.95 4.66
Diluted Earnings Per Common Share Attributable to Air Products      
Income from continuing operations 5.04 4.29 3.24
Income (loss) from discontinued operations (2.15) 1.59 1.37
Net Income Attributable to Air Products $ 2.89 $ 5.88 $ 4.61
Weighted Average Common Shares Outstanding - Basic (in millions) 216.4 214.9 212.7
Weighted Average Common Shares Outstanding - Diluted (in millions) 218.3 217.3 215.2
[1] For additional information, see Note 3, Materials Technologies Separation.
[2] For additional information, see Note 5, Business Restructuring and Cost Reduction Actions.
[3] For additional information, see Note 16, Retirement Benefits.
[4] For additional information, see Note 6, Business Combination.
[5] Changes in estimates on projects accounted for under the percentage of completion method favorably impacted income by approximately $20 in fiscal year 2016, primarily during the fourth quarter. For additional information, see Note 1, Major Accounting Policies (Revenue Recognition).
[6] For additional information, see Note 15, Debt.
[7] Includes income tax expense for tax costs associated with business separation. For additional information, see Note 3, Materials Technologies Separation.