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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating Activities    
Net Income $ 488.9 $ 357.0
Less: Net income attributable to noncontrolling interests 13.3 9.5
Net income attributable to Air Products 475.6 347.5
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 289.2 258.0
Deferred income taxes 24.4 (1.0)
Tax reform repatriation 0.0 46.2
Facility closure 0.0 29.0
Undistributed (earnings) losses of unconsolidated affiliates (26.2) 1.0
Gain on sale of assets and investments (1.1) (0.7)
Share-based compensation 13.9 9.3
Noncurrent lease receivables 23.5 24.8
Other adjustments 30.8 12.7
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables 0.9 (73.6)
Inventories (8.4) (10.4)
Other receivables 1.4 10.3
Payables and accrued liabilities (115.4) (55.4)
Other working capital (41.6) 57.5
Cash Provided by Operating Activities 667.0 655.2
Investing Activities    
Additions to plant and equipment (447.7) (403.4)
Investment in and advances to unconsolidated affiliates (7.1) 0.0
Proceeds from sale of assets and investments 15.2 1.1
Purchases of investments 0.0 (5.3)
Proceeds from investments 177.0 178.0
Other investing activities 1.9 3.1
Cash Used for Investing Activities (260.7) (226.5)
Financing Activities    
Payments on long-term debt (2.8) (2.6)
Net decrease in commercial paper and short-term borrowings (10.4) (38.0)
Dividends paid to shareholders (255.7) (241.5)
Proceeds from stock option exercises 5.5 4.7
Other financing activities (6.9) (12.4)
Cash Used for Financing Activities (270.3) (289.8)
Effect of Exchange Rate Changes on Cash 21.4 (6.9)
Increase in cash and cash items 157.4 132.0
Cash and Cash items – Beginning of Year 2,248.7 2,791.3
Cash and Cash Items – End of Period $ 2,406.1 $ 2,923.3