Common stock, par value (in dollars per share)

[Table of Contents](#ic4907372b5a74ad699ec049e915a6266_10)Air Products and Chemicals, Inc. and SubsidiariesCONSOLIDATED BALANCE SHEETS(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | 31 December |  | 30 September |
| (Millions of dollars, except for share and per share data) | 2021 |  | 2021 |
| Assets |  |  |  |
| Current Assets |  |  |  |
| Cash and cash items | $2,953.7  |  |  | $4,468.9  |  |
| Short-term investments | 728.6  |  |  | 1,331.9  |  |
| Trade receivables, net | 1,693.8  |  |  | 1,451.3  |  |
| Inventories | 487.2  |  |  | 453.9  |  |
|  |  |  |  |
| Prepaid expenses | 135.3  |  |  | 119.4  |  |
| Other receivables and current assets | 484.9  |  |  | 550.9  |  |
|  |  |  |  |
| Total Current Assets | 6,483.5  |  |  | 8,376.3  |  |
| Investment in net assets of and advances to equity affiliates | 3,329.2  |  |  | 1,649.3  |  |
| Plant and equipment, at cost | 28,101.0  |  |  | 27,488.8  |  |
| Less: accumulated depreciation | 14,476.3  |  |  | 14,234.2  |  |
| Plant and equipment, net | 13,624.7  |  |  | 13,254.6  |  |
| Goodwill, net | 923.3  |  |  | 911.5  |  |
| Intangible assets, net | 418.8  |  |  | 420.7  |  |
| Noncurrent lease receivables | 724.3  |  |  | 740.3  |  |
| Other noncurrent assets | 1,621.5  |  |  | 1,506.5  |  |
|  |  |  |  |
| Total Noncurrent Assets | 20,641.8  |  |  | 18,482.9  |  |
| Total Assets | $27,125.3  |  |  | $26,859.2  |  |
| Liabilities and Equity |   |  |   |
| Current Liabilities |  |  |  |
| Payables and accrued liabilities | $2,310.6  |  |  | $2,218.3  |  |
| Accrued income taxes | 119.8  |  |  | 93.9  |  |
| Short-term borrowings | 112.9  |  |  | 2.4  |  |
| Current portion of long-term debt | 86.8  |  |  | 484.5  |  |
|  |  |  |  |
| Total Current Liabilities | 2,630.1  |  |  | 2,799.1  |  |
| Long-term debt | 6,893.1  |  |  | 6,875.7  |  |
| Long-term debt – related party | 285.2  |  |  | 274.6  |  |
| Other noncurrent liabilities | 1,731.7  |  |  | 1,640.9  |  |
| Deferred income taxes | 1,209.6  |  |  | 1,180.9  |  |
|  |  |  |  |
| Total Noncurrent Liabilities | 10,119.6  |  |  | 9,972.1  |  |
| Total Liabilities | 12,749.7  |  |  | 12,771.2  |  |
| Commitments and Contingencies - See Note 11 |  |  |  |
| Air Products Shareholders’ Equity |  |  |  |
| Common stock (par value $1 per share; issued 2022 and 2021 - 249,455,584 shares) | 249.4  |  |  | 249.4  |  |
| Capital in excess of par value | 1,112.0  |  |  | 1,115.8  |  |
| Retained earnings | 15,905.2  |  |  | 15,678.3  |  |
| Accumulated other comprehensive loss | (1,452.3) |  |  | (1,515.9) |  |
| Treasury stock, at cost (2022 - 27,738,197 shares; 2021 - 28,058,829 shares) | (1,989.2) |  |  | (1,987.9) |  |
| Total Air Products Shareholders’ Equity | 13,825.1  |  |  | 13,539.7  |  |
| Noncontrolling Interests | 550.5  |  |  | 548.3  |  |
| Total Equity | 14,375.6  |  |  | 14,088.0  |  |
| Total Liabilities and Equity | $27,125.3  |  |  | $26,859.2  |  |

The accompanying notes are an integral part of these statements.7
