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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net Income $ 1,644.2 $ 1,673.5
Net income attributable to noncontrolling interests 36.6 0.5
Net income attributable to Air Products 1,607.6 1,673.0
Adjustments to reconcile income to cash provided by operating activities:    
Depreciation and amortization 1,001.0 1,005.4
Deferred income taxes (14.1) 69.0
Business and asset actions 244.6 0.0
Undistributed earnings of equity method investments (130.1) (184.8)
Gain on sale of assets and investments (5.2) (21.4)
Share-based compensation 45.8 37.0
Noncurrent lease receivables 60.9 65.5
Other adjustments 152.3 (139.2)
Working capital changes that provided (used) cash, excluding effects of acquisitions:    
Trade receivables (49.2) (389.7)
Inventories (133.5) (80.8)
Other receivables (98.5) (22.8)
Payables and accrued liabilities (375.4) 320.1
Other working capital (102.8) (118.1)
Cash Provided by Operating Activities 2,203.4 2,213.2
Investing Activities    
Additions to plant and equipment, including long-term deposits (3,163.5) (2,139.1)
Acquisitions, less cash acquired 0.0 (65.1)
Investment in and advances to unconsolidated affiliates (912.0) (1,650.9)
Investment in financing receivables (665.0) 0.0
Proceeds from sale of assets and investments 13.3 32.8
Purchases of investments 443.4 1,247.9
Proceeds from investments 766.0 2,219.2
Other investing activities 4.8 6.9
Cash Used for Investing Activities (4,399.8) (2,844.1)
Financing Activities    
Long-term debt proceeds 2,116.3 357.0
Payments on long-term debt (605.8) (400.0)
Net increase in commercial paper and short-term borrowings 567.3 255.0
Dividends paid to shareholders (1,107.9) (1,023.9)
Proceeds from stock option exercises 19.5 16.3
Investments by noncontrolling interests 188.8 21.0
Other financing activities (79.3) (37.5)
Cash Provided by (Used for) Financing Activities 1,098.9 (812.1)
Effect of Exchange Rate Changes on Cash 24.2 (68.5)
Decrease in cash and cash items (1,073.3) (1,511.5)
Cash and cash items – Beginning of year 2,711.0 4,468.9
Cash and Cash Items – End of Period $ 1,637.7 $ 2,957.4