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Cost Reduction and Asset Actions
 3 Months Ended
Dec. 31, 2017
Restructuring and Related Activities [Abstract]  
Cost Reduction and Asset Actions COST REDUCTION AND ASSET ACTIONS
In the first quarter of fiscal year 2017, we recognized a net expense of $50.0, which included $45.7 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.
In fiscal year 2017, we recognized a net expense of $151.4. The net expense included a charge of $154.8 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 of $88.5 included charges resulting from the write-down of an air separation unit in the Industrial Gases – EMEA segment discussed above, the planned sale of a non-industrial gas hardgoods business in the Industrial Gases – Americas segment, and the closure of a facility in the Corporate and other segment that manufactured liquefied natural gas (LNG) heat exchangers. During fiscal year 2017, severance and other benefits totaled $66.3 and related to the elimination or planned elimination of approximately 625 positions, primarily in the Corporate and other segment and in the Industrial Gases – EMEA segment. The actions in the Corporate and other segment were driven by the reorganization of our engineering, manufacturing, and technology functions. The 2017 charge related to the segments as follows: $39.3 in Industrial Gases – Americas, $77.9 in Industrial Gases – EMEA, $.9 in Industrial Gases – Asia, $2.5 in Industrial Gases – Global, and $34.2 in Corporate and other.
In the first quarter of fiscal year 2018, cash expenditures for severance and other benefits totaled $13.5.
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 December 2017:


 
Severance and
Other Benefits
 
Asset
Actions/Other
 
Total
30 September 2016
 
$
12.3

 
$
—

 
$
12.3

2017 Charge
 
66.3

 
88.5

 
154.8

Noncash expenses
 
—

 
(84.2
)
 
(84.2
)
Amount reflected in pension liability
 
(2.0
)
 
—

 
(2.0
)
Amount reflected in other noncurrent liabilities
 
—

 
(2.2
)
 
(2.2
)
Cash expenditures
 
(35.7
)
 
(1.2
)
 
(36.9
)
Currency translation adjustment
 
(.3
)
 
—

 
(.3
)
30 September 2017
 
$
40.6

 
$
.9

 
$
41.5

Cash expenditures
 
(13.5
)
 
(.1
)
 
(13.6
)
Currency translation adjustment
 
.2

 
—

 
.2

31 December 2017
 
$
27.3

 
$
.8

 
$
28.1