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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Sep. 30, 2023
Current Assets    
Cash and cash items $ 2,535.0 $ 1,617.0
Short-term investments 102.8 332.2
Trade receivables, net 1,715.8 1,700.4
Inventories 721.2 651.8
Prepaid expenses 263.3 177.0
Other receivables and current assets 719.2 722.1
Total Current Assets 6,057.3 5,200.5
Investment in net assets of and advances to equity affiliates 4,758.9 4,617.8
Plant and equipment, at cost 35,913.2 32,746.3
Less: accumulated depreciation 15,912.7 15,274.2
Plant and equipment, net 20,000.5 17,472.1
Goodwill, net 883.2 861.7
Intangible assets, net 318.4 334.6
Operating lease right-of-use assets, net 998.8 974.0
Noncurrent lease receivables 458.6 494.7
Financing receivables 1,209.6 817.2
Other noncurrent assets 1,236.4 1,229.9
Total Noncurrent Assets 29,864.4 26,802.0
Total assets [1] 35,921.7 32,002.5 Close
Current Liabilities    
Payables and accrued liabilities 2,783.0 2,890.1
Accrued income taxes 156.2 131.2
Short-term borrowings 184.3 259.5
Current portion of long-term debt 937.5 615.0
Total Current Liabilities 4,061.0 3,895.8
Noncurrent operating lease liabilities 652.1 631.1
Other noncurrent liabilities 1,092.5 1,118.0
Deferred income taxes 1,281.3 1,266.0
Total Noncurrent Liabilities 15,525.8 12,446.4
Total Liabilities [1] 19,586.8 16,342.2 Close
Commitments and Contingencies - See Note 12
Air Products Shareholders’ Equity    
Common stock (par value $1 per share; issued 2024 and 2023 - 249,455,584 shares) 249.4 249.4
Capital in excess of par value 1,215.7 1,190.5
Retained earnings 17,690.0 17,289.7
Accumulated other comprehensive income (2,275.9) (2,449.4)
Treasury stock, at cost (2024 - 27,149,677 shares; 2023 - 27,255,739 shares) (1,965.8) (1,967.3)
Total Air Products Shareholders’ Equity 14,913.4 14,312.9
Noncontrolling interests [1] 1,421.5 1,347.4
Total Equity 16,334.9 15,660.3 Close
Total Liabilities and Equity 35,921.7 32,002.5
Nonrelated Party    
Current Liabilities    
Long-term debt 12,344.6 9,280.6
Related Party    
Current Assets    
Trade receivables, net 125.0 80.0
Current Liabilities    
Current portion of long-term debt 134.6 177.6
Long-term debt $ 155.3 $ 150.7
[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 $3,178.7 and $2,256.8 as of 31 March 2024 and 30 September 2023, 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 $2,499.0 and $1,461.1 as of 31 March 2024 and 30 September 2023, respectively. Refer to Note 3, Variable Interest Entities, for additional information regarding the NEOM Green Hydrogen Company joint venture.