Earnings Per Share

6 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

16.    EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (EPS):

	Three Months Ended 31 March						Six Months Ended 31 March
	2012			2011			2012			2011
NUMERATOR
Income from continuing operations		$	279.0		$	285.7		$	504.9		$	533.1
Income from discontinued operations			17.0			18.6			39.2			39.8
Net Income Attributable to Air Products		$	296.0		$	304.3		$	544.1		$	572.9
DENOMINATOR (in millions)
Weighted average number of common shares outstanding			211.1			213.8			210.7			214.0
Effect of dilutive securities
Employee stock options			3.0			4.1			2.9			4.1
Other award plans			.9			.9			.9			.9
			3.9			5.0			3.8			5.0
Weighted average number of common shares outstanding assuming dilution			215.0			218.8			214.5			219.0
BASIC EPS ATTRIBUTABLE TO AIR PRODUCTS
Income from continuing operations		$	1.32		$	1.34		$	2.39		$	2.49
Income from discontinued operations			.08			.08			.19			.19
Net Income Attributable to Air Products		$	1.40		$	1.42		$	2.58		$	2.68
DILUTED EPS ATTRIBUTABLE TO AIR PRODUCTS
Income from continuing operations		$	1.30		$	1.31		$	2.36		$	2.44
Income from discontinued operations			.08			.08			.18			.18
Net Income Attributable to Air Products		$	1.38		$	1.39		$	2.54		$	2.62

Options on 2.2 million and 3.2 million shares were antidilutive and therefore excluded from the computation of diluted earnings per share for the three and six months ended 31 March 2012, respectively. Options on 2.1 million shares were antidilutive and therefore excluded from the computation of diluted earnings per share for the three and six months ended 31 March 2011.