Air Products Chemicals Inc
For the period ended Dec 31, 2023. Filed Feb 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 5, 2024
Contents
Goodwill
- GOODWILL
Changes to the carrying amount of consolidated goodwill by segment for the three months ended 31 December 2023 are as follows:
| Americas | Asia | Europe | Middle East and India | Corporate and other | Total | |
|---|---|---|---|---|---|---|
| Goodwill, net as of 30 September 2023 | $146.6 | $171.9 | $493.5 | $15.8 | $33.9 | $861.7 |
| Currency translation | 0.6 | 3.4 | 33.5 | — | 0.2 | 37.7 |
| Goodwill, net as of 31 December 2023 | $147.2 | $175.3 | $527.0 | $15.8 | $34.1 | $899.4 |
| 31 December | 30 September | |
|---|---|---|
| 2023 | 2023 | |
| Goodwill, gross | $1,200.2 | $1,158.4 |
| Accumulated impairment losses(A) | (300.8) | (296.7) |
| Goodwill, net | $899.4 | $861.7 |
(A)We recorded impairment charges related to the Latin America reporting unit ("LASA") in the Americas segment in fiscal years 2017 and 2014. The balance of accumulated impairment losses fluctuates over time due to currency translation.
We review goodwill for impairment annually in the fourth quarter of the fiscal year and whenever events or changes in circumstances indicate that the carrying value of goodwill might not be recoverable.
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