Air Products & Chemicals, Inc.
For the period ended Mar 31, 2026. Filed Apr 30, 2026.
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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, 2026 · Filed Apr 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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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 six months ended 31 March 2026:
| Derivativesqualifyingas hedges | Foreigncurrencytranslationadjustments | Pension andpostretirementbenefits | Total | |
|---|---|---|---|---|
| Balance at 31 December 2025 | $74.1 | ($1,564.2) | ($487.0) | ($1,977.1) |
| Other comprehensive loss before reclassifications | (0.9) | (105.5) | — | (106.4) |
| Amounts reclassified from AOCL | 16.3 | — | 9.9 | 26.2 |
| Net current period other comprehensive income (loss) | 15.4 | (105.5) | 9.9 | (80.2) |
| Amount attributable to noncontrolling interests | 2.3 | (2.1) | — | 0.2 |
| Balance at 31 March 2026 | $87.2 | ($1,667.6) | ($477.1) | ($2,057.5) |
| Derivativesqualifyingas hedges | Foreigncurrencytranslationadjustments | Pension andpostretirementbenefits | Total | |
|---|---|---|---|---|
| Balance at 30 September 2025 | $49.3 | ($1,640.7) | ($496.4) | ($2,087.8) |
| Other comprehensive income (loss) before reclassifications | 34.6 | (32.0) | — | 2.6 |
| Amounts reclassified from AOCL | 32.9 | — | 19.2 | 52.1 |
| Net current period other comprehensive income (loss) | 67.5 | (32.0) | 19.2 | 54.7 |
| Amount attributable to noncontrolling interests | 29.6 | (5.1) | (0.1) | 24.4 |
| Balance at 31 March 2026 | $87.2 | ($1,667.6) | ($477.1) | ($2,057.5) |
The table below summarizes the reclassifications out of AOCL and the affected line item on the consolidated income statements:
| Three Months Ended · Six Months Ended | ||||
|---|---|---|---|---|
| 31 March | 31 March | |||
| 2026 | 2025 | 2026 | 2025 | |
| Loss (Gain) on Cash Flow Hedges, net of tax | ||||
| Sales | ($0.2) | $0.1 | ($1.1) | $0.3 |
| Cost of sales | (0.5) | 5.2 | (0.3) | 6.0 |
| Interest expense | (0.3) | — | (0.6) | 0.3 |
| Other non-operating income (expense), net | 17.3 | (12.3) | 34.9 | 78.3 |
| Total Loss (Gain) on Cash Flow Hedges, net of tax | $16.3 | ($7.0) | $32.9 | $84.9 |
| Currency translation adjustment associated with business and asset actions | $— | $2.5 | $— | $2.5 |
| Pension and Postretirement Benefits, net of tax(A) | $9.9 | $11.0 | $19.2 | $22.0 |
(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.
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