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Cost Reduction and Asset Actions
 6 Months Ended
Mar. 31, 2018
Restructuring and Related Activities [Abstract]  
Cost Reduction and Asset Actions 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, which included $45.7 for asset actions and $18.0 for severance and other benefits. These expenses were partially offset by the favorable settlement of the remaining accrual from prior year actions discussed below.
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, including asset actions of $88.5 and severance and other benefits of $66.3, partially offset by the favorable settlement of the remaining $3.4 accrued balance associated with business restructuring actions taken in 2015. 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. 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 2018:


 
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

Amount reflected in pension liability
 
(.4
)
 
—

 
(.4
)
Cash expenditures
 
(23.9
)
 
(.2
)
 
(24.1
)
Currency translation adjustment
 
.7

 
—

 
.7

31 March 2018
 

$17.0

 

$.7

 

$17.7