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Summary by Quarter (Unaudited) (Tables)
12 Months Ended
Sep. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information These tables summarize the unaudited results of operations for each quarter of fiscal years 2018 and 2017:
2018
Q1
 
Q2
 
Q3
 
Q4
 
Total
 
Sales

$2,216.6

 

$2,155.7

 

$2,259.0

 

$2,298.9

 

$8,930.2

 
Gross profit
644.8

 
649.2

 
713.6

 
733.1

 
2,740.7

 
Operating income
460.7

 
455.4

 
515.8

 
533.7

 
1,965.6

 
Equity affiliates income
13.8

(A) 
43.7

 
58.1

 
59.2

(A) 
174.8

(A) 
Income tax provision
291.8

(A) 
56.2

(B) 
107.1

 
69.2

(A)(B) 
524.3

(A)(B) 
Net income
161.7

 
423.6

 
487.9

 
459.7

 
1,532.9

 
Net income attributable to Air Products
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
155.6

 
416.4

 
430.7

 
452.9

 
1,455.6

 
Income (Loss) from discontinued operations
(1.0
)
 

 
43.2

(C) 

 
42.2

(C) 
Net income attributable to Air Products
154.6

 
416.4

 
473.9

 
452.9

 
1,497.8

 
Basic Earnings Per Common Share Attributable to Air Products
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
.71

 
1.90

 
1.96

 
2.06

 
6.64

 
Income from discontinued operations

 

 
.20

 

 
.19

 
Net income attributable to Air Products
.71

 
1.90

 
2.16

 
2.06

 
6.83

 
Diluted Earnings Per Common Share Attributable to Air Products
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
.70

 
1.89

 
1.95

 
2.05

 
6.59

 
Income from discontinued operations

 

 
.20

 

 
.19

 
Net income attributable to Air Products
.70

 
1.89

 
2.15

 
2.05

 
6.78

 
Weighted Average Common Shares — Diluted (in millions)
220.4

 
220.8

 
220.9

 
220.9

 
220.8

 
Dividends declared per common share
.95

 
1.10

 
1.10

 
1.10

 
4.25

 
Market price per common share – High
164.78

 
175.17

 
170.29

 
171.66

 
 
 
Market price per common share – Low
150.55

 
152.71

 
154.67

 
153.02

 
 
 
2017
Q1
 
Q2
 
Q3
 
Q4
 
Total
 
Sales

$1,882.5

 

$1,980.1

 

$2,121.9

 

$2,203.1

 

$8,187.6

 
Gross profit
565.8

 
576.3

 
635.9

 
658.1

 
2,436.1

 
Business separation costs(D)
32.5

 

 

 

 
32.5

 
Cost reduction and assets actions(E)
50.0

 
10.3

 
42.7

 
48.4

 
151.4

 
Goodwill and intangible asset impairment charge(F)

 

 
162.1

 

 
162.1

 
Gain on land sale

 

 

 
12.2

 
12.2

 
Operating income
328.3

 
395.6

 
258.7

 
457.4

 
1,440.0

 
Equity affiliates income (loss)
38.0

 
34.2

 
(36.9
)
(G) 
44.8

 
80.1

(G) 
Income tax provision (benefit)
78.4

 
94.5


89.3

 
(1.3
)
(H) 
260.9

(H) 
Net income
306.4

 
2,135.7

(I) 
104.1

 
475.0

 
3,021.2

(I) 
Net income attributable to Air Products
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
251.6

 
304.4

 
104.2

 
474.2

 
1,134.4

 
Income (Loss) from discontinued operations
48.2

 
1,825.6

(I) 
(2.3
)
 
(5.5
)
 
1,866.0

(I) 
Net income attributable to Air Products
299.8

 
2,130.0

 
101.9

 
468.7

 
3,000.4

 
Basic Earnings Per Common Share Attributable to Air Products
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
1.16

 
1.40

 
.48

 
2.17

 
5.20

 
Income (Loss) from discontinued operations
.22

 
8.38

 
(.01
)
 
(.02
)
 
8.56

 
Net income attributable to Air Products
1.38

 
9.78

 
.47

 
2.15

 
13.76

 
Diluted Earnings Per Common Share Attributable to Air Products
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
1.15

 
1.39

 
.47

 
2.15

 
5.16

 
Income (Loss) from discontinued operations
.22

 
8.31

 
(.01
)
 
(.02
)
 
8.49

 
Net income attributable to Air Products
1.37

 
9.70

 
.46

 
2.13

 
13.65

 
Weighted Average Common Shares — Diluted (in millions)
219.7

 
219.7

 
219.8

 
220.1

 
219.8

 
Dividends declared per common share
.86

 
.95

 
.95

 
.95

 
3.71

 
Market price per common share – High
150.45

 
149.46

 
147.66

 
152.26

 
 
 
Market price per common share – Low
129.00

 
133.63

 
134.09

 
141.88

 
 
 

(A) 
Includes the impacts of the Tax Act. For additional information, refer to Note 22, Income Taxes.
(B) 
Includes the impacts of the restructuring of several foreign subsidiaries. For additional information, refer to Note 22, Income Taxes.
(C) 
Primarily includes benefits resulting from the resolution of uncertain tax positions related to the disposition of our former European Homecare business and post-closing adjustments associated with the sale of PMD. For additional information, refer to Note 3, Discontinued Operations.
(D) 
For additional information, refer to Note 4, Materials Technologies Separation.
(E) 
For additional information, refer to Note 5, Cost Reduction and Asset Actions.
(F) 
For additional information, refer to Note 10, Goodwill, and Note 11, Intangible Assets.
(G) 
Includes the impact of an other-than-temporary impairment of an investment in an equity affiliate. For additional information, refer to Note 8, Summarized Financial Information of Equity Affiliates.
(H) 
Includes the impact of a tax election benefit related to a non-U.S. subsidiary. For additional information, see Note 22, Income Taxes.
(I) 
Includes the after-tax gain on the sale of PMD. For additional information, see Note 3, Discontinued Operations.