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v3.25.2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions | Jun. 30, 2025 | Sep. 30, 2024
--- | --- | ---
Common stock, par value (in dollars per share) |  | $ 1 | $ 1
Common stock, issued (in shares) |  | 249,455,584 | 249,455,584
Treasury stock, at cost (in shares) |  | 26,901,944 | 27,083,166
Total Assets | [1] | $ 41,659.1 | $ 39,574.6
Total Liabilities | [1] | 23,891.1 | 20,900.9
Variable Interest Entity, Primary Beneficiary | NEOM Green Hydrogen Company |  |  |
Total Assets |  | 6,759.1 | 4,393.9
Total Liabilities |  | $ 4,693.9 | $ 3,473.4
[1] | Includes balances associated with a consolidated variable interest entity ("VIE"), including amounts reflected in "Total Assets" that can only be used to settle obligations of the VIE of $6,759.1 and $4,393.9 as of 30 June 2025 and 30 September 2024, respectively, as well as liabilities of the VIE reflected within "Total Liabilities" for which creditors do not have recourse to the general credit of Air Products of $4,693.9 and $3,473.4 as of 30 June 2025 and 30 September 2024, respectively. Refer to Note 3, Variable Interest Entities, for additional information regarding the NEOM Green Hydrogen Company joint venture.

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