Consolidated Income Statements (Unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||||||||||||
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Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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Income Statement [Abstract] | ||||||||||||||
Sales | $ 2,985.5 | $ 3,033.9 | $ 8,913.1 | $ 9,408.7 | ||||||||||
Cost of sales | 2,005.6 | 2,070.7 | 6,064.3 | 6,625.8 | ||||||||||
Selling and administrative expense | 235.4 | 238.7 | 714.4 | 724.3 | ||||||||||
Research and development expense | 27.0 | 29.3 | 78.1 | 80.9 | ||||||||||
Business and asset actions | 0.0 | 59.0 | 57.0 | 244.6 | ||||||||||
Other income (expense), net | 20.1 | 8.0 | 42.4 | 22.9 | ||||||||||
Total Operating Expenses | 2288.1 | 2405.7 | 6956.2 | 7698.5 | 0.0 | |||||||||
Operating Income | 737.6 | 644.2 | 2,041.7 | 1,756.0 | ||||||||||
Equity affiliates' income | 168.9 | 165.0 | 470.6 | 440.9 | ||||||||||
Interest expense | 55.7 | 47.4 | 169.1 | 129.5 | ||||||||||
Total Other Income Expenses | 223.3 | 200.7 | 614.4 | 544.2 | 0.0 | |||||||||
Total Other Income Expenses | 447.9 | 413.1 | 1254.1 | 1114.6 | 0.0 | |||||||||
Total Other Income Expenses | 334.7 | 295.5 | 952.6 | 803.2 | 0.0 | |||||||||
Total Other Income Expenses | -447.9 | -413.1 | -1254.1 | -1114.6 | 0.0 | |||||||||
Total Other Income Expenses | -672.5 | -625.5 | -1893.8 | -1685.0 | 0.0 | |||||||||
Total Other Income Expenses | -559.3 | -507.9 | -1592.3 | -1373.6 | 0.0 | |||||||||
Total Other Income Expenses | -672.5 | -625.5 | -1893.8 | -1685.0 | 0.0 | |||||||||
Total Other Income Expenses | 447.9 | 413.1 | 1254.1 | 1114.6 | 0.0 | |||||||||
Total Other Income Expenses | 223.3 | 200.7 | 614.4 | 544.2 | 0.0 | |||||||||
Other non-operating income (expense), net | (1.3) | (11.7) | (25.3) | (26.2) | ||||||||||
Income Before Taxes | 849.5 | 750.1 | 2,317.9 | 2,041.2 | ||||||||||
Income tax provision | 140.6 | 139.6 | 406.5 | 397.0 | ||||||||||
Net Income | 708.9 | 610.5 | 1,911.4 | 1,644.2 | ||||||||||
Net Income Attributable to Noncontrolling Interests | 12.3 | 14.9 | 33.1 | 36.6 | ||||||||||
Net Income Attributable to Air Products | $ 696.6 | $ 595.6 | $ 1,878.3 | $ 1,607.6 | ||||||||||
Per Share Data | ||||||||||||||
Basic earnings per share attributable to Air Products (in dollars per share) | $ 3.13 | $ 2.68 | $ 8.44 | $ 7.23 | ||||||||||
Diluted earnings per share attributable to Air Products (in dollars per share) | $ 3.13 | $ 2.67 | $ 8.43 | $ 7.22 | ||||||||||
Weighted Average Common Shares (in millions) | ||||||||||||||
Basic (in shares) | 222.5 | 222.4 | 222.5 | 222.3 | ||||||||||
Diluted (in shares) | 222.8 | 222.8 | 222.8 | 222.7 |
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- Definition The total net amount of other income (expense), the components of which are not separately disclosed on the income statement, from items that are not associated with the entity's normal revenue producing operation. Examples of such items include but are not limited to: Technology and royalty income, Foreign exchange (gain)/loss, and (Gain)/loss on the sale or disposal of assets/investments. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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