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Cost Reduction and Asset Actions
 6 Months Ended
Mar. 31, 2017
Restructuring and Related Activities [Abstract]  
Cost Reduction and Asset Actions
5.
COST REDUCTION AND ASSET ACTIONS
For the three months ended 31 March 2017, we recognized an expense of $10.3 for severance and other benefits related to cost reduction actions. For the six months ended 31 March 2017, we recognized a net expense of $60.3. The year-to-date net expense included a charge of $63.7 for actions taken during fiscal year 2017, partially offset by the favorable settlement of the remaining $3.4 accrued balance associated with business restructuring actions taken in 2015. Asset actions taken in the first quarter of 2017 of $45.7 resulted from the write-down of an air separation unit in the Industrial Gases – EMEA segment that was constructed mainly to provide oxygen to one of the Energy-from-Waste plants. During the first six months of fiscal year 2017, severance and other benefits totaled $18.0 and related to the elimination of approximately 140 positions primarily in the Industrial Gases – EMEA and Corporate and other segments.
During fiscal year 2016, we incurred an expense of $34.5 for severance and other benefits related to the elimination of approximately 610 positions. Expense of $10.7 was recognized for the three and six months ended 31 March 2016. The fiscal year 2016 expenses primarily related to the Industrial Gases – Americas and Industrial Gases – EMEA segments.
The charges we record for cost reduction and asset actions have been excluded from segment operating income.
The following table summarizes the carrying amount of the accrual for cost reduction and asset actions at 31 March 2017:


 
Severance and
Other Benefits
 
Asset
Actions/Other
 
Total
2016 Charge
 
$
34.5

 
$
—

 
$
34.5

Amount reflected in pension liability
 
(.9
)
 
—

 
(.9
)
Cash expenditures
 
(21.6
)
 
—

 
(21.6
)
Currency translation adjustment
 
.3

 
—

 
.3

30 September 2016
 
$
12.3

 
$
—

 
$
12.3

2017 Charge
 
18.0

 
45.7

 
63.7

Noncash expenses
 
—

 
(45.7
)
 
(45.7
)
Amount reflected in pension liability
 
(.2
)
 
—

 
(.2
)
Cash expenditures
 
(18.8
)
 
—

 
(18.8
)
Currency translation adjustment
 
(.5
)
 
—

 
(.5
)
31 March 2017
 
$
10.8

 
$
—

 
$
10.8