{"filing":{"accession_number":"0001193125-26-289427","cik":"0000002969","ticker":"APD","company_name":"Air Products \u0026 Chemicals, Inc.","form":"8-K","filing_date":"2026-06-30","report_date":null,"primary_document":"d97956d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/2969/000119312526289427/d97956d8k.htm"},"events":[{"id":14855,"run_id":13243,"accession_number":"0001193125-26-289427","anchor_item_number":"2.06","event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Air Products disclosed a pre-tax charge of up to $2.9 billion ($2.2 billion after-tax) in fiscal Q3 2026 to write down assets and terminate contractual commitments related to the exit of the Louisiana Clean Energy Complex, Casa Grande Project, and other clean energy projects due to expected financial returns not meeting return criteria and challenging commercial conditions.","company_name":"Air Products \u0026 Chemicals, Inc.","ticker":"APD","filing_date":"2026-06-30","form":"8-K","submitted_at":null,"items":[{"id":12417,"accession_number":"0001193125-26-289427","item_number":"2.06","item_title":null,"event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Air Products disclosed a pre-tax charge of up to $2.9 billion ($2.2 billion after-tax) in fiscal Q3 2026, primarily to write down assets and terminate contractual commitments related to the exit of the Louisiana Clean Energy Complex, Casa Grande Project, and other clean energy projects. This is a classic material impairment disclosure under Item 2.06, involving substantial asset write-downs driven by the company's determination that expected financial returns would not meet return criteria and challenging commercial conditions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-30T12:09:45.470624+00:00","company_name":"","ticker":null,"filing_date":""},{"id":12418,"accession_number":"0001193125-26-289427","item_number":"7.01","item_title":null,"event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Air Products announced it will not proceed with the Louisiana Clean Energy Complex (LCEC) project and will record pre-tax charges not expected to exceed $2.9 billion in fiscal Q3 2026, \"primarily to write down assets and terminate contractual commitments, primarily related to the LCEC project decision.\" The company is also discontinuing a zero-carbon liquid hydrogen facility in Arizona. This is a material impairment and asset write-down event, distinct from the operational decision itself—the core disclosure is the $2.9 billion charge for asset write-downs and contract terminations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-30T12:09:45.470624+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":12417,"accession_number":"0001193125-26-289427","item_number":"2.06","item_title":null,"event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"Air Products disclosed a pre-tax charge of up to $2.9 billion ($2.2 billion after-tax) in fiscal Q3 2026, primarily to write down assets and terminate contractual commitments related to the exit of the Louisiana Clean Energy Complex, Casa Grande Project, and other clean energy projects. This is a classic material impairment disclosure under Item 2.06, involving substantial asset write-downs driven by the company's determination that expected financial returns would not meet return criteria and challenging commercial conditions.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-30T12:09:45.470624+00:00","company_name":"Air Products \u0026 Chemicals, Inc.","ticker":"APD","filing_date":"2026-06-30"},{"id":12418,"accession_number":"0001193125-26-289427","item_number":"7.01","item_title":null,"event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Air Products announced it will not proceed with the Louisiana Clean Energy Complex (LCEC) project and will record pre-tax charges not expected to exceed $2.9 billion in fiscal Q3 2026, \"primarily to write down assets and terminate contractual commitments, primarily related to the LCEC project decision.\" The company is also discontinuing a zero-carbon liquid hydrogen facility in Arizona. This is a material impairment and asset write-down event, distinct from the operational decision itself—the core disclosure is the $2.9 billion charge for asset write-downs and contract terminations.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-30T12:09:45.470624+00:00","company_name":"Air Products \u0026 Chemicals, Inc.","ticker":"APD","filing_date":"2026-06-30"}]}