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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net Income $ 1,290.7 $ 1,073.2
Less: Net income attributable to noncontrolling interests of continuing operations 33.9 28.3
Net income attributable to Air Products 1,256.8 1,044.9
Income from discontinued operations 0.0 (42.2)
Income from continuing operations attributable to Air Products 1,256.8 1,002.7
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 789.2 713.5
Deferred income taxes 37.8 (86.9)
Tax reform repatriation 49.4 310.3
Facility closure 29.0 0.0
Undistributed earnings of unconsolidated affiliates (56.9) (34.8)
Gain on sale of assets and investments (17.5) (5.2)
Share-based compensation 31.0 30.4
Noncurrent capital lease receivables 71.7 73.7
Other adjustments (0.7) (23.2)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (139.5) (50.5)
Inventories (13.5) 16.0
Other receivables 70.6 85.5
Payables and accrued liabilities (94.8) (164.9)
Other working capital (9.2) (10.4)
Cash Provided by Operating Activities 2,003.4 1,856.2
Investing Activities    
Additions to plant and equipment (1,507.6) (1,158.1)
Acquisitions, less cash acquired (107.0) (320.2)
Investment in and advances to unconsolidated affiliates (15.7) 0.0
Proceeds from sale of assets and investments 8.8 45.8
Purchases of investments (5.3) (349.8)
Proceeds from investments 190.5 745.2
Other investing activities 0.8 5.3
Cash Used for Investing Activities (1,435.5) (1,031.8)
Financing Activities    
Long-term debt proceeds 0.0 0.5
Payments on long-term debt (5.4) (418.2)
Net increase (decrease) in commercial paper and short-term borrowings 37.7 (46.1)
Dividends paid to shareholders (738.4) (656.6)
Proceeds from stock option exercises 63.3 58.2
Other financing activities (18.0) (35.6)
Cash Used for Financing Activities (660.8) (1,097.8)
Discontinued Operations    
Cash used for operating activities 0.0 (12.8)
Cash provided by investing activities 0.0 18.6
Cash provided by financing activities 0.0 0.0
Cash Provided by Discontinued Operations 0.0 5.8
Effect of Exchange Rate Changes on Cash (1.6) (19.5)
Decrease in cash and cash items (94.5) (287.1)
Cash and Cash items – Beginning of Year 2,791.3 3,273.6
Cash and Cash Items – End of Period $ 2,696.8 $ 2,986.5