Air Products & Chemicals, Inc.
For the period ended Sep 30, 2025. Filed Nov 20, 2025.
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FY2025 · Filed Nov 20, 2025
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Accumulated Other Comprehensive Loss
- ACCUMULATED OTHER COMPREHENSIVE LOSS
The table below summarizes changes in accumulated other comprehensive loss ("AOCL"), net of tax, attributable to Air Products:
| Derivativesqualifyingas hedges | Foreigncurrencytranslationadjustments | Pension andpostretirementbenefits | Total | |
|---|---|---|---|---|
| Balance at 30 September 2022 | ($71.9) | ($2,072.4) | ($641.8) | ($2,786.1) |
| Other comprehensive income (loss) before reclassifications | 369.2 | 151.1 | (8.9) | 511.4 |
| Amounts reclassified from AOCL | (43.9) | (0.3) | 53.8 | 9.6 |
| Net current period other comprehensive income | $325.3 | $150.8 | $44.9 | $521.0 |
| Amount attributable to noncontrolling interests | 192.3 | (8.3) | 0.3 | 184.3 |
| Balance at 30 September 2023 | $61.1 | ($1,913.3) | ($597.2) | ($2,449.4) |
| Other comprehensive (loss) income before reclassifications | (159.5) | 381.5 | 32.0 | 254.0 |
| Amounts reclassified from AOCL | (33.7) | (1.5) | 55.9 | 20.7 |
| Net current period other comprehensive (loss) income | ($193.2) | $380.0 | $87.9 | $274.7 |
| Amount attributable to noncontrolling interests | (159.3) | 12.0 | 0.3 | (147.0) |
| Balance at 30 September 2024 | $27.2 | ($1,545.3) | ($509.6) | ($2,027.7) |
| Other comprehensive income (loss) before reclassifications | 40.0 | (95.6) | (32.3) | (87.9) |
| Amounts reclassified from AOCL | 41.2 | 5.7 | 46.0 | 92.9 |
| Net current period other comprehensive income (loss) | $81.2 | ($89.9) | $13.7 | $5.0 |
| Amount attributable to noncontrolling interests | 59.1 | 5.5 | 0.5 | 65.1 |
| Balance at 30 September 2025 | $49.3 | ($1,640.7) | ($496.4) | ($2,087.8) |
The table below summarizes the reclassifications out of AOCL and the affected line item on the consolidated income statements:
| Fiscal Year Ended 30 September | 2025 | 2024 | 2023 |
|---|---|---|---|
| Loss (Gain) on Cash Flow Hedges, net of tax | |||
| Sales | ($0.2) | $— | ($0.5) |
| Cost of sales | 6.0 | 1.9 | 3.7 |
| Interest expense | (0.1) | 2.3 | 3.5 |
| Other non-operating income (expense), net | 35.5 | (37.9) | (50.6) |
| Total Loss (Gain) on Cash Flow Hedges, net of tax | $41.2 | ($33.7) | ($43.9) |
| Currency Translation Adjustment | |||
| Gain on sale of business | $0.1 | ($1.5) | $— |
| Business and asset actions | 1.0 | — | (0.3) |
| Other income (expense), net | 4.6 | — | — |
| Currency Translation Adjustment | $5.7 | ($1.5) | ($0.3) |
| Pension and Postretirement Benefits, net of tax(A) | $46.0 | $55.9 | $53.8 |
(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 18, Retirement Benefits, for additional information.
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