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Accumulated Other Comprehensive Loss
9 Months Ended
Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss ACCUMULATED OTHER COMPREHENSIVE LOSS
The tables below summarize changes in accumulated other comprehensive loss (AOCL), net of tax, attributable to Air Products for the three and nine months ended 30 June 2018:
 
Derivatives
qualifying as
hedges

Foreign
currency
translation
adjustments

Pension and
postretirement
benefits

Total

Balance at 31 March 2018

($51.4
)

($526.2
)

($957.7
)

($1,535.3
)
Other comprehensive income (loss) before reclassifications
27.1

(392.4
)

(365.3
)
Amounts reclassified from AOCL
(17.7
)

26.0

8.3

Net current period other comprehensive income (loss)
9.4

(392.4
)
26.0

(357.0
)
Amount attributable to noncontrolling interests
.1

(14.6
)

(14.5
)
Balance at 30 June 2018

($42.1
)

($904.0
)

($931.7
)

($1,877.8
)
 
 
 
 
 
 
Derivatives
qualifying
as hedges

Foreign
currency
translation
adjustments

Pension and
postretirement
benefits

Total

Balance at 30 September 2017

($53.1
)

($787.1
)

($1,007.2
)

($1,847.4
)
Other comprehensive income (loss) before reclassifications
35.4

(130.4
)

(95.0
)
Amounts reclassified from AOCL
(24.4
)
3.1

75.5

54.2

Net current period other comprehensive income (loss)
11.0

(127.3
)
75.5

(40.8
)
Amount attributable to noncontrolling interests

(10.4
)

(10.4
)
Balance at 30 June 2018

($42.1
)

($904.0
)

($931.7
)

($1,877.8
)


The table below summarizes the reclassifications out of accumulated other comprehensive loss and the affected line item on the consolidated income statements:
 
Three Months Ended
Nine Months Ended
 
30 June
30 June
 
2018
2017
2018
2017
(Gain) Loss on Cash Flow Hedges, net of tax
 
 
 
 
Sales/Cost of sales

$1.9


$4.3


$6.9


$10.1

Other income/expense, net
(22.4
)
(29.0
)
(37.6
)
(2.4
)
Interest expense
2.8

1.1

6.3

.1

Total (Gain) Loss on Cash Flow Hedges, net of tax

($17.7
)

($23.6
)

($24.4
)

$7.8

 
 
 
 
 
Currency Translation Adjustment
 
 
 
 
Cost of sales(A)

$—


$—


$3.1


$—

Cost reduction and assets actions(B)

8.2


8.2

Loss from discontinued operations, net of tax(C)



49.1

Total Currency Translation Adjustment

$—


$8.2


$3.1


$57.3

 
 
 
 
 
Pension and Postretirement Benefits, net of tax(D)

$26.0


$27.7


$75.5


$85.2

(A) 
The fiscal year 2018 impact relates to an equipment sale resulting from the termination of a contract in the Industrial Gases – Asia segment during the first quarter.
(B) 
The fiscal year 2017 impact relates to the planned sale of a non-industrial gas hardgoods business in the Industrial Gases – Americas segment.
(C) 
The fiscal year 2017 impact relates to the sale of PMD during the second quarter.
(D) 
The components of net periodic benefit cost reclassified out of accumulated other comprehensive loss include items such as prior service cost amortization, actuarial loss amortization, and settlements and are included in “Other non-operating income (expense), net” on the consolidated income statements. Refer to Note 13, Retirement Benefits, for additional information.