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EST 10-Q: AIR PRODUCTS & CHEMICALS INC /DE/ Want to see how this story relates to your watchlist? Just add items to create a watchlist now: Add or Cancel Already have a watchlist? Log In (EDGAR Online via COMTEX) -- Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (Millions of dollars, except for share data) The disclosures in this quarterly report are complementary to those made in our 2016 Form 10-K. An analysis of results for the first quarter of 2017 is provided in the Management's Discussion and Analysis to follow. On 1 October 2016, we completed the separation of EMD through the spin-off of Versum Materials, Inc. (Versum). On 3 January 2017, we completed the sale of PMD to Evonik Industries AG for $3.8 billion in cash subject to customary post-closing adjustments, including working capital. As a result, these divisions are reflected in our consolidated financial statements as discontinued operations for all periods presented.
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