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Business Restructuring and Cost Reduction Actions
6 Months Ended
Mar. 31, 2016
Business Restructuring and Cost Reduction Actions [Abstract]  
Business Restructuring and Cost Reduction Actions

5. BUSINESS RESTRUCTURING AND COST REDUCTION ACTIONS

The charges we record for business restructuring and cost reduction actions have been excluded from segment operating income.

Cost Reduction Actions

In the second quarter of fiscal year 2016, we recognized an expense of $8.6 ($7.1 after-tax, or $.03 per share) for severance and other benefits related to the elimination of approximately 170 positions as part of cost reduction actions. The expenses related primarily to the Industrial Gases – Americas and the Industrial Gases – EMEA segments.

The following table summarizes the carrying amount of the accrual for cost reduction actions at 31 March 2016:

Severance and
Other Benefits
2016 Charge$8.6
Amount reflected in pension liability(.6)
Cash expenditures(3.0)
Currency translation adjustment.3
31 March 2016$5.3

Business Realignment and Reorganization

On 18 September 2014, we announced plans to reorganize the Company, including realignment of our businesses in new reporting segments and other organizational changes, effective as of 1 October 2014. As a result of this reorganization, we incurred an expense of $207.7 throughout fiscal year 2015 for severance and other benefits and asset and associated contract actions. Of this charge, an expense of $55.4 ($38.2 after-tax, or $.18 per share) and $87.8 ($59.9 after-tax, or $.27 per share) was recognized during the three and six months ended 31 March 2015, respectively.

The following table summarizes the carrying amount of the accrual for the business realignment and reorganization at
31 March 2016:
Severance andAsset
Other BenefitsActions/OtherTotal
30 September 2014$10.5$-$10.5
2015 Charge151.955.8207.7
Amount reflected in pension liability(14.0)-(14.0)
Noncash expenses-(47.4)(47.4)
Cash expenditures(113.5)(1.2)(114.7)
Currency translation adjustment(.4)-(.4)
30 September 2015$34.5$7.2$41.7
Cash expenditures(24.0)(3.8)(27.8)
Currency translation adjustment(.3)-(.3)
31 March 2016$10.2$3.4$13.6