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Revenue Recognition
 9 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition REVENUE RECOGNITION
The majority of our revenue is generated from our sale of gas customers within the Industrial Gases regional segments. We distribute gases through either our on-site or merchant supply mode depending on various factors, including the customer's volume requirements and location. The Industrial Gases – Global and the Corporate and other segments serve our sale of equipment customers.
Disaggregation of Revenue
The tables below present our consolidated sales disaggregated by supply mode for each of our reporting segments for the three and nine months ended 30 June 2021 and 2020. We believe this presentation best depicts the nature, timing, type of customer, and contract terms for our sales.
Industrial
Gases–
Americas		Industrial
Gases–
EMEA		Industrial
Gases–
Asia		Industrial
Gases–
Global		Corporate
and other		Total%
Three Months Ended 30 June 2021
On-site$607.9 $222.1 $442.8 $— $— $1,272.8 49 %
Merchant455.4 401.2 309.0 — — 1,165.6 45 %
Sale of Equipment— — — 99.1 67.2 166.3 6 %
Total $1,063.3 $623.3 $751.8 $99.1 $67.2 $2,604.7 100 %
Three Months Ended 30 June 2020
On-site$487.4 $143.2 $387.1 $— $— $1,017.7 49 %
Merchant362.5 286.5 264.8 — — 913.8 44 %
Sale of Equipment— — — 77.6 56.1 133.7 7 %
Total $849.9 $429.7 $651.9 $77.6 $56.1 $2,065.2 100 %
Industrial
Gases–
Americas		Industrial
Gases–
EMEA		Industrial
Gases–
Asia		Industrial
Gases–
Global		Corporate
and other		Total%
Nine Months Ended 30 June 2021
On-site$1,785.9 $613.1 $1,273.7 $— $— $3,672.7 49 %
Merchant1,266.5 1,157.8 893.1 — — 3,317.4 44 %
Sale of Equipment— — — 301.5 190.3 491.8 7 %
Total $3,052.4 $1,770.9 $2,166.8 $301.5 $190.3 $7,481.9 100 %
Nine Months Ended 30 June 2020
On-site$1,538.1 $474.9 $1,231.0 $— $— $3,244.0 50 %
Merchant1,180.4 946.2 771.8 — — 2,898.4 44 %
Sale of Equipment— — — 249.5 144.3 393.8 6 %
Total $2,718.5 $1,421.1 $2,002.8 $249.5 $144.3 $6,536.2 100 %
Remaining Performance Obligations
As of 30 June 2021, the transaction price allocated to remaining performance obligations is estimated to be approximately $24 billion. This amount includes fixed-charge contract provisions associated with our on-site and sale of equipment supply modes. We estimate that approximately half of this revenue will be recognized over approximately the next five years and the balance thereafter.
Expected revenue associated with new on-site plants that are not yet on stream is excluded from this amount. In addition, this amount excludes consideration associated with contracts having an expected duration of less than one year and variable consideration for which we recognize revenue at the amount to which we have the right to invoice, including pass-through costs related to energy and natural gas.
In the future, actual amounts will differ due to events outside of our control, including, but not limited to, inflationary price escalations; currency exchange rates; and amended, terminated, or renewed contracts.
Contract Balances
The table below details balances arising from contracts with customers:
30 June30 September
Balance Sheet Location20212020
Assets
Contract assets – currentOther receivables and current assets$85.2 $55.9 
Contract fulfillment costs – currentOther receivables and current assets177.4 109.9 
Liabilities
Contract liabilities – currentPayables and accrued liabilities447.2 313.8 
Contract liabilities – noncurrentOther noncurrent liabilities60.5 57.9 
Changes to our contract balances primarily relate to our sale of equipment contracts. During the nine months ended 30 June 2021, we recognized approximately $180 in revenue associated with sale of equipment contracts that was included within our contract liabilities as of 30 September 2020.