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Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]      
Sales $ 8,187.6 $ 7,503.7 $ 7,824.3
Cost of sales 5,753.4 5,176.6 5,598.2
Selling and administrative 715.6 685.0 773.0
Research and development 57.8 71.6 76.4
Business separation costs 30.2 [1] 50.6 [1] 7.5
Business restructuring and cost reduction actions 151.4 [2] 34.5 [2] 180.1
Pension settlement loss 10.5 [3] 5.1 [3] 19.3
Goodwill and intangible asset impairment charge 162.1 [4] 0.0 0.0
Gain on previously held equity interest 0.0 0.0 17.9
Other income (expense), net 121.0 49.4 45.5
Operating Income 1,427.6 [5] 1,529.7 [5] 1,233.2
Equity affiliates' income 80.1 [6] 147.0 152.3
Interest expense 120.6 115.2 102.8
Other non-operating income (expense), net 29.0 0.0 0.0
Loss on extinguishment of debt 0.0 6.9 [7] 16.6
Income From Continuing Operations Before Taxes 1,416.1 1,554.6 1,266.1
Income tax provision 260.9 [8] 432.6 [9] 300.2
Income From Continuing Operations 1,155.2 1,122.0 965.9
Income (Loss) From Discontinued Operations, net of tax 1,866.0 (460.5) 351.7
Net Income 3,021.2 661.5 1,317.6
Net Income Attributable to Noncontrolling Interests of Continuing Operations 20.8 22.5 32.6
Net Income Attributable to Noncontrolling Interests of Discontinued Operations 0.0 7.9 7.1
Net Income Attributable to Air Products 3,000.4 631.1 1,277.9
Net Income Attributable to Air Products      
Income from continuing operations 1,134.4 1,099.5 933.3
Income (Loss) from discontinued operations 1,866.0 [10] (468.4) 344.6
Net Income Attributable to Air Products $ 3,000.4 $ 631.1 $ 1,277.9
Basic Earnings Per Common Share Attributable to Air Products      
Income from continuing operations (in dollars per share) $ 5.20 $ 5.08 $ 4.34
Income (Loss) from discontinued operations (in dollars per share) 8.56 (2.16) 1.61
Net Income Attributable to Air Products (in dollars per share) 13.76 2.92 5.95
Diluted Earnings Per Common Share Attributable to Air Products      
Income from continuing operations (in dollars per share) 5.16 5.04 4.29
Income (Loss) from discontinued operations (in dollars per share) 8.49 (2.15) 1.59
Net Income Attributable to Air Products (in dollars per share) $ 13.65 $ 2.89 $ 5.88
Weighted Average Common Shares - Basic (in millions) 218.0 216.4 214.9
Weighted Average Common Shares - Diluted (in millions) 219.8 218.3 217.3
[1] For additional information, see Note 4, 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 10, Goodwill, and Note 11, Intangible Assets.
[5] Changes in estimates on projects accounted for under the percentage of completion method favorably impacted income by approximately $27 in fiscal year 2017 and $20 in fiscal year 2016, primarily during the fourth quarter. For additional information, see Note 1, Major Accounting Policies (Revenue Recognition).
[6] Includes the impact of an other-than-temporary impairment of an investment in an equity affiliate. For additional information, see Note 8, Summarized Financial Information of Equity Affiliates.
[7] For additional information, see Note 15, Debt.
[8] Includes the impact of a tax election benefit related to a non-U.S. subsidiary. For additional information, see Note 22, Income Taxes.
[9] Includes income tax expense for tax costs associated with business separation. For additional information, see Note 4, Materials Technologies Separation.
[10] Includes the after-tax gain on the sale of PMD. For additional information, see Note 3, Discontinued Operations.