Air Products Chemicals Inc
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 1, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Accumulated Other Comprehensive Loss
- ACCUMULATED OTHER COMPREHENSIVE LOSS
The tables below summarize changes in accumulated other comprehensive loss ("AOCL"), net of tax, attributable to Air Products for the three and nine months ended 30 June 2024:
| Derivativesqualifyingas hedges | Foreigncurrencytranslationadjustments | Pension andpostretirementbenefits | Total | |
|---|---|---|---|---|
| Balance at 31 March 2024 | $53.4 | ($1,759.3) | ($570.0) | ($2,275.9) |
| Other comprehensive income (loss) before reclassifications | $13.5 | ($140.2) | $— | ($126.7) |
| Amounts reclassified from AOCL | $15.5 | $— | $13.8 | $29.3 |
| Net current period other comprehensive income (loss) | $29.0 | ($140.2) | $13.8 | ($97.4) |
| Amount attributable to noncontrolling interests | $21.5 | ($3.8) | $0.1 | $17.8 |
| Balance at 30 June 2024 | $60.9 | ($1,895.7) | ($556.3) | ($2,391.1) |
| Derivativesqualifyingas hedges | Foreigncurrencytranslationadjustments | Pension andpostretirementbenefits | Total | |
|---|---|---|---|---|
| Balance at 30 September 2023 | $61.1 | ($1,913.3) | ($597.2) | ($2,449.4) |
| Other comprehensive (loss) income before reclassifications | ($65.3) | $16.6 | $— | ($48.7) |
| Amounts reclassified from AOCL | $8.1 | $— | $41.1 | $49.2 |
| Net current period other comprehensive (loss) income | ($57.2) | $16.6 | $41.1 | $0.5 |
| Amount attributable to noncontrolling interests | ($57.0) | ($1.0) | $0.2 | ($57.8) |
| Balance at 30 June 2024 | $60.9 | ($1,895.7) | ($556.3) | ($2,391.1) |
The table below summarizes the reclassifications out of AOCL and the affected line item on the consolidated income statements:
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| 30 June | 30 June | |||
| 2024 | 2023 | 2024 | 2023 | |
| Loss (Gain) on Cash Flow Hedges, net of tax | ||||
| Sales | $0.2 | ($0.1) | $0.1 | $— |
| Cost of sales | (0.2) | 0.3 | 1.2 | 3.1 |
| Interest expense | 0.5 | 1.0 | 2.0 | 2.7 |
| Other non-operating income (expense), net | 15.0 | (25.6) | 4.8 | (93.1) |
| Total Loss (Gain) on Cash Flow Hedges, net of tax | $15.5 | ($24.4) | $8.1 | ($87.3) |
| Currency Translation Adjustment | ||||
| Business and asset actions | $— | $— | $— | ($0.3) |
| Pension and Postretirement Benefits, net of tax(A) | $13.8 | $13.5 | $41.1 | $39.8 |
(A)The components of net periodic benefit/cost reclassified out of AOCL include items such as prior service cost amortization, actuarial loss amortization, settlements, and curtailments and are included in “Other non-operating income (expense), net” on the consolidated income statements. Refer to Note 11, Retirement Benefits, for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.