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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Sep. 30, 2022
Current Assets    
Cash and cash items $ 1,637.7 $ 2,711.0
Short-term investments 268.7 590.7
Trade receivables, net 1,934.2 1,794.4
Inventories 663.9 514.2
Prepaid expenses 179.2 156.8
Other receivables and current assets 670.3 515.8
Total Current Assets 5,354.0 6,282.9
Investment in net assets of and advances to equity affiliates 4,493.5 3,353.8
Plant and equipment, at cost 31,715.5 28,160.1
Less: accumulated depreciation 15,202.7 13,999.6
Plant and equipment, net 16,512.8 14,160.5
Goodwill, net 891.6 823.0
Intangible assets, net 358.9 347.5
Operating lease right-of-use assets, net 970.8 694.8
Noncurrent lease receivables 520.0 583.1
Financing receivables 817.2 0.0
Other noncurrent assets 1,010.7 947.0
Total Noncurrent Assets 25,575.5 20,909.7
Total Assets [1] 30,929.5 27,192.6
Current Liabilities    
Payables and accrued liabilities 3,062.2 2,771.6
Accrued income taxes 108.8 135.2
Short-term borrowings 559.1 10.7
Current portion of long-term debt 217.6 548.3
Total Current Liabilities 3,947.7 3,465.8
Noncurrent operating lease liabilities 635.5 592.1
Other noncurrent liabilities 1,144.6 1,099.1
Deferred income taxes 1,215.8 1,247.4
Total Noncurrent Liabilities 11,611.1 10,024.4
Total Liabilities [1] 15,558.8 13,490.2
Commitments and Contingencies - See Note 13
Air Products Shareholders’ Equity    
Common stock (par value $1 per share; issued 2023 and 2022 - 249,455,584 shares) 249.4 249.4
Capital in excess of par value 1,176.9 1,141.4
Retained earnings 16,986.9 16,520.3
Accumulated other comprehensive income (2,304.8) (2,786.1)
Treasury stock, at cost (2023 - 27,306,823 shares; 2022 - 27,616,888 shares) (1,970.4) (1,981.0)
Total Air Products Shareholders’ Equity 14,138.0 13,144.0
Noncontrolling interests [1] 1,232.7 558.4
Total Equity 15,370.7 13,702.4
Total Liabilities and Equity 30,929.5 27,192.6
Nonrelated Party    
Current Assets    
Trade receivables, net 1,679.2 1,739.4
Current Liabilities    
Current portion of long-term debt 38.9 419.3
Long-term debt 8,466.5 6,433.8
Related Party    
Current Assets    
Trade receivables, net 255.0 55.0
Current Liabilities    
Current portion of long-term debt 178.7 129.0
Long-term debt $ 148.7 $ 652.0
[1] Includes balances associated with a consolidated variable interest entity ("VIE"), including amounts reflected in "Total Assets" that can only be used to settle obligations of the VIE of $1,621.2 and $519.7 as of 30 June 2023 and 30 September 2022, respectively, as well as liabilities of the VIE reflected within "Total Liabilities" for which creditors do not have recourse to the general credit of Air Products of $496.6 and $506.8 as of 30 June 2023 and 30 September 2022, respectively. Refer to Note 3, Variable Interest Entities, for additional information.