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Air Products and Chemicals Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Air Products and Chemicals holds $41.6B in total assets. Shareholders' equity is $15.6B against $1.2B in total debt. Cash and equivalents total $951.0M. The current ratio is 1.43 and debt-to-equity is 0.079. Based on the Q1 2026 filing.

Total Assets$41.6BTotal Stockholders Equity$15.6BCash And Equivalents$951.0MTotal Current Assets$5.0BTotal Current Liabilities$3.5B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$64.5B
P/E Ratio30.66
ROE13.85%

Current Assets

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accounts receivable, net$1.8B$1.8B$1.9B$1.9B$1.9B$1.9B
Assets held for sale———$427.7M$472.6M$467.0M
Capitalized Contract Costs, Current$96.9M$105.9M$114.4M$85.4M$91.5M$85.2M
Cash and cash equivalents$1.8B$1.5B$2.3B$1.9B$1.0B$951.0M
Contract assets$100.1M$118.8M$135.4M$152.6M$142.0M$97.8M
Deferred costs$96.9M$105.9M$114.4M$85.4M$91.5M$85.2M
Other current assets$640.5M$707.6M$848.1M$689.5M$757.4M$717.8M
Derivative Assets - Fair Value$369.3M$239.2M$317.4M$244.4M$288.7M$328.4M
Finished goods$189.8M$191.3M$208.9M$191.9M$199.5M$196.5M
Raw materials and supplies inventory, gross$501.3M$529.0M$539.4M$542.2M$550.0M$529.0M
Work in process$47.9M$49.4M$49.4M$42.4M$38.6M$42.4M
Inventories$739.0M$769.7M$797.7M$776.5M$788.1M$767.9M
Loans and Lending Commitments$1.2B$965.3M$983.3M$1.0B$964.6M$955.6M
Total current assets$5.4B$5.2B$6.1B$5.8B$5.1B$5.0B

Current Liabilities

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accrued Progress Collections and Price Adjustments$283.2M$280.2M$287.2M$283.6M$281.8M$283.7M
Accounts payable and other current liabilities (Note 11)$3.0B$3.4B$3.4B$3.2B$3.0B$2.9B
Accrued Income Taxes, Current$586.1M$182.8M$156.3M$179.4M$174.5M$118.7M
Current portion of long-term debt$68.2M$773.2M$536.2M$34.7M$66.7M$314.4M
Current Portion of Long-Term Debt and Finance Lease Obligations$1.1B$830.7M$699.0M$716.3M$169.8M$173.5M
Deferred revenue$202.8M$244.0M$232.9M$253.4M$250.2M$247.8M
Derivative Liabilities - Fair Value$216.0M$123.9M$140.1M$93.6M$138.1M$182.5M
Liabilities held for sale———$50.5M$51.6M$49.8M
Short-term borrowings$68.2M$773.2M$536.2M$34.7M$66.7M$314.4M
Total current liabilities$4.8B$5.2B$4.8B$4.2B$3.5B$3.5B

Non-Current Assets

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accumulated Goodwill Impairment Losses———$274.7M$294.3M$285.7M
Purchased Credit Deteriorated Loans$1.2B$965.3M$983.3M$1.0B$964.6M$955.6M
Contract Assets, Non-Current—$52.6M$53.8M$82.3M$102.5M$106.8M
Deferred Tax Assets and Other Non-Current Assets$1.4B$1.1B$1.1B$1.0B$1.1B$1.1B
Goodwill$866.5M$887.1M$969.7M$963.9M$971.5M$958.7M
Deferred costs———$33.8M$37.1M$35.1M
Other intangible assets—net$287.5M$281.6M$302.4M$293.5M$294.4M$283.5M
Investments$4.8B$5.1B$5.2B$5.4B$5.4B$5.4B
Noncurrent lease receivables$335.7M$324.2M$318.2M$307.1M$299.6M$291.1M
Operating lease right-of-use assets$1.0B$970.3M$976.9M$944.0M$925.2M$917.8M
Other non-current assets$1.4B$1.1B$1.1B$1.0B$1.1B$1.1B
Property, plant and equipment at cost$41.1B$40.6B$43.0B$42.8B$43.8B$44.6B
Operating Lease Right-of-Use Assets in Other Assets$1.0B$970.3M$976.9M$944.0M$925.2M$917.8M
Accumulated depreciation$16.4B$16.6B$17.3B$17.4B$17.6B$17.9B
Property and equipment, net$24.7B$24.0B$25.6B$25.3B$26.1B$26.7B
Software and Technology Licenses, Net$1.4B$1.1B$1.1B$1.0B$1.1B$1.1B
Total assets$40.0B$38.9B$41.7B$41.1B$41.2B$41.6B
Total noncurrent assets$34.7B$33.7B$35.5B$35.2B$36.1B$36.6B

Equity

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Accumulated other comprehensive income (loss)-$2.6B-$2.5B-$2.0B-$2.1B-$2.0B-$2.1B
Additional paid-in capital$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$249.4M$249.4M$249.4M$249.4M$249.4M$249.4M
Retained earnings$19.8B$17.6B$18.0B$17.6B$17.8B$18.1B
Total liabilities and stockholders' equity$40.0B$38.9B$41.7B$41.1B$41.2B$41.6B
Total stockholders' equity$16.7B$14.7B$15.5B$15.0B$15.4B$15.6B
Treasury stock$2.0B$2.0B$2.0B$2.0B$2.0B$2.0B

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Aggregate Fair Value of Additional Collateral Required$293.1M$193.3M$201.6M$174.0M$225.8M$259.6M
Additional Collateral Required - One Notch Downgrade$293.1M$193.3M$201.6M$174.0M$225.8M$259.6M
Cumulative Cost Basis$41.1B$40.6B$43.0B$42.8B$43.8B$44.6B
Gross Assets/Liabilities$216.0M$123.9M$140.1M$93.6M$138.1M$182.5M
Cash and cash equivalents, end of period$1.8B$1.5B$2.3B$1.9B$1.0B$951.0M
Collateral already posted, aggregate fair value$0.0$0.0$0.0—$0.0$0.0
Common stock, par value (in dollars per share)$1.00$1.00$1.00$1.00$1.00$1.00
Common stock, shares issued (in shares)249.5M249.5M249.5M249.5M249.5M249.5M
Deferred income taxes$1.2B$670.4M$673.9M$579.6M$661.9M$733.0M
Restructuring charges—$41.8M$41.8M———
Derivative, gross, assets$369.3M$239.2M$317.4M$244.4M$288.7M$328.4M
Derivatives, gross, liabilities$216.0M$123.9M$140.1M$93.6M$138.1M$182.5M
Derivative, Net Liability Position, Aggregate Fair Value$61.9M$37.6M$57.4M$43.3M$79.9M$91.3M
Goodwill, Gross$1.1B$1.2B$1.3B$1.2B$1.3B$1.2B
Goodwill accumulated impairment losses———$274.7M$294.3M$285.7M
Less: current maturities$1.1B$830.7M$699.0M$716.3M$169.8M$173.5M
Noncontrolling interests in subsidiaries$2.0B$2.1B$2.2B$2.3B$2.4B$2.5B
Prepaid expenses$201.8M$261.6M$234.0M$174.9M$163.8M$171.2M
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$26.0B$26.0B$26.0B—$26.0B$28.0B
RPO percentage50.0%50.0%50.0%—50.0%50.0%
Treasury stock, shares (in shares)27M26.9M26.9M26.9M26.8M26.8M
Unrecognized tax benefits—$67.8M————

Non-Current Liabilities

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Contract Liabilities, Non-Current$283.2M$280.2M$287.2M$283.6M$281.8M$283.7M
Deferred revenue, net of current portion$283.2M$280.2M$287.2M$283.6M$281.8M$283.7M
Operating lease liabilities, non-current$655.1M$637.4M$646.6M$616.0M$607.0M$600.1M
Other non-current liabilities$1.3B$1.3B$1.4B$1.3B$1.3B$1.4B
Total liabilities$21.3B$22.1B$23.9B$23.7B$23.4B$23.5B
Total noncurrent liabilities$16.5B$16.9B$19.1B$19.5B$19.9B$20.0B