Air Products Chemicals Inc
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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.
Mar 31, 2025 · Filed May 1, 2025
Contents
Goodwill
- GOODWILL
Changes to the carrying amount of consolidated goodwill by segment for the six months ended 31 March 2025 are as follows:
| Americas | Asia | Europe | Middle East and India | Corporate and other | Total | |
|---|---|---|---|---|---|---|
| Goodwill, net as of 30 September 2024 | $146.3 | $174.7 | $534.3 | $15.8 | $34.0 | $905.1 |
| Currency translation | (2.3) | (6.0) | (9.7) | — | — | (18.0) |
| Goodwill, net as of 31 March 2025 | $144.0 | $168.7 | $524.6 | $15.8 | $34.0 | $887.1 |
| 31 March | 30 September | |
|---|---|---|
| 2025 | 2024 | |
| Goodwill, gross | $1,165.3 | $1,199.8 |
| Accumulated impairment losses(A) | (278.2) | (294.7) |
| Goodwill, net | $887.1 | $905.1 |
(A)Accumulated impairment losses are attributable to our Latin America reporting unit ("LASA") within the Americas segment and include the impact of 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. The business and asset actions discussed in Note 4 did not have a significant impact on the fair value of our reporting units as most of the assets were still under construction and did not significantly contribute to previous fair value estimates. Accordingly, we did not perform an interim goodwill impairment test during the second quarter of fiscal year 2025.
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