Air Products & Chemicals, Inc.
For the period ended Jun 30, 2025. Filed Jul 31, 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.
Jun 30, 2025 · Filed Jul 31, 2025
Contents
Goodwill
- GOODWILL
Changes to the carrying amount of consolidated goodwill by segment for the nine months ended 30 June 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 |
| Acquisitions(A) | — | — | 31.3 | — | — | 31.3 |
| Currency translation | (1.5) | (0.8) | 35.5 | — | 0.1 | 33.3 |
| Goodwill, net as of 30 June 2025 | $144.8 | $173.9 | $601.1 | $15.8 | $34.1 | $969.7 |
(A)Refer to Note 4, Acquisitions and Divestitures, for additional information.
| 30 June | 30 September | |
|---|---|---|
| 2025 | 2024 | |
| Goodwill, gross | $1,253.8 | $1,199.8 |
| Accumulated impairment losses(B) | (284.1) | (294.7) |
| Goodwill, net | $969.7 | $905.1 |
(B)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 the majority 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 first nine months of fiscal year 2025.
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