Cost Reduction Actions

9 Months Ended

Jun. 30, 2019

Restructuring and Related Activities [Abstract]

Cost Reduction Actions

COST REDUCTION ACTIONS

During the third quarter of fiscal year 2019, we recognized an expense of $25.5 for severance and other benefits associated with the elimination or planned elimination of approximately 300 positions. These actions are expected to drive cost synergies primarily within the Industrial Gases – EMEA and the Industrial Gases – Americas segments. The expense has been reflected as “Cost reduction actions” on the consolidated income statements and was excluded from segment operating income for the three and nine months ended 30 June 2019.

The following table summarizes the carrying amount of the accrual as of 30 June 2019. This amount is reflected on our consolidated balance sheets within "Payables and accrued liabilities."

2019 Charge		$25.5
Cash expenditures	(4.7		)
Amount reflected in pension liability	(.3		)
Currency translation adjustment	.1
30 June 2019		$20.6