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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Plant and Equipment, net
- PLANT AND EQUIPMENT, NET
The major classes of plant and equipment are as follows:
| 30 September | Useful life | 2025 | 2024 |
|---|---|---|---|
| Land | $343.0 | $312.1 | |
| Buildings | 30 years | 1,766.1 | 1,730.7 |
| Production facilities(A) | 10-20 years | 21,412.9 | 21,245.2 |
| Distribution and other machinery and equipment(B) | 5-25 years | 5,776.0 | 5,472.7 |
| Construction in progress | 13,456.8 | 11,190.2 | |
| Plant and equipment, at cost | $42,754.8 | $39,950.9 | |
| Less: Accumulated depreciation | 17,417.0 | 16,580.0 | |
| Plant and equipment, net | $25,337.8 | $23,370.9 |
(A)Depreciable lives of production facilities related to long-term customer supply contracts are generally matched to the contract lives.
(B)The depreciable lives for various types of distribution equipment are:10 to 25 years for cylinders, depending on the nature and properties of the product;20 years for tanks; generally 7.5 years for customer stations; and 5 to 15 years for tractors and trailers.
Depreciation expense was $1,526.9, $1,419.6, and $1,325.8 in fiscal years 2025, 2024, and 2023, respectively.
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