| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | restructuring | in_progress | 2023-06 | Global | Enterprise-wide | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global cost reduction plan providing severance for involuntary separations; cumulative since June 2023: over 3,600 employees and $207.7 of costs. No charges recorded in FY2026 year-to-date; remaining accrual of $53.3 as of 2026-06-30 relates to employees identified during FY2025, with notifications expected substantially complete by fiscal year-end subject to local legal requirements. | ||||
| 2026-06-30 | restructuring | in_progress | 2026-06-30 | United States | Americas — clean energy projects (plus certain smaller-scale clean energy distribution projects) | USD 2,907 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Decision to cancel a Louisiana low-carbon hydrogen/ammonia complex and exit a Casa Grande, Arizona green hydrogen facility, plus other smaller-scale projects; charges comprise $2,210.6 asset write-downs and $696.8 other exit costs (cumulative FY2026). No employee counts disclosed; exit activities expected to continue beyond FY2026 and portfolio review remains ongoing. | |||
| 2026-06-30 | restructuring | in_progress | 3,600 | 2023-06-01 | 2026-09-30 | Global | Various | USD 208 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cumulative costs of $207.7 million for over 3,600 employees globally. Substantially all affected employees expected to be notified by fiscal year-end 2026. | |
| 2026-06-30 | restructuring | in_progress | USD 2,907,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2026-06-30 | restructuring | in_progress | Project Exit Costs [Member] | USD 2,907,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-06-30 | restructuring | in_progress | 3,600 | Global Cost Reduction Plan [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | ||||
| 2026-06-30 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 2,907,400,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | 3,600 | 2023-06 | 2026-09-30 | Global | Global | USD 208 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 3,600 employees is cumulative since the June 2023 plan initiation, not a current-quarter figure; cumulative costs $207.7. No costs recorded in the first half of FY2026; remaining accrual $71.3 at 31 March 2026. Implementation expected substantially complete by end of FY2026, though legal notice requirements may extend some separations. | |
| 2026-03-31 | restructuring | in_progress | 3,600 | 2023-06-01 | 2026-09-30 | Global | Various | USD 208 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in June 2023. Cumulative costs of $207.7M incurred for approx. 3,600 employees globally. No costs recorded in H1 FY2026. Expected substantially complete by end of FY2026. | |
| 2026-03-31 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2026-03-31 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2026-03-31 | restructuring | in_progress | 3,600 | Global Cost Reduction Plan [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2025-12-31 | restructuring | in_progress | 3,600 | 2023-06 | 2026-09-30 | Global | Multiple | USD 208 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative since June 2023 plan initiation; no costs incurred in Q1 FY2026. Remaining accrual $86.9M at 2025-12-31; implementation expected substantially complete by end of FY2026 but may extend beyond one year due to local notice requirements. | |
| 2025-12-31 | restructuring | in_progress | 2026-09-30 | Global | Clean-energy generation and distribution projects; Corporate | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q1 FY2026 charge of $28.3M ($24.6M after tax) for updated estimates on prior-year project exits; $22.0M in operating income, $6.3M in other non-operating. Cumulative charges ~$3.6B since FY2025 review; no employee-affected count disclosed. Project review ongoing. | |||
| 2025-12-31 | restructuring | in_progress | 2025-06-01 | 2026-09-30 | Global | Global | USD 208 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in June 2023. Cumulative costs of $207.7M incurred for approximately 3,600 employees globally. No costs incurred in Q1 FY2026. Expected substantially complete by end of FY2026. | ||
| 2025-12-31 | restructuring | in_progress | 2025-03-31 | 2026-09-30 | Global | Clean-energy generation and distribution | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Project exits announced in FY2025. Q1 FY2026 charges of $28.3M ($22.0M operating, $6.3M non-operating) related to updated cost estimates and asset sales. Cumulative charges approx $3.6B. Employee count not disclosed for this specific action. | ||
| 2025-12-31 | restructuring | in_progress | USD 22,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-12-31 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 22,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-12-31 | restructuring | in_progress | 3,600 | Global Cost Reduction Plan [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2025-09-30 | reduction_in_force | in_progress | 3,600 | 2023-06 | 2026-09-30 | Global | Company-wide (all segments) | USD 124 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan initiated June 2023 provides severance and postemployment benefits for involuntary separations. Employee count of approximately 3,600 and cumulative costs of $207.7 million are cumulative since plan initiation; the $123.7 million charge is the fiscal 2025 amount, with a $101.6 million severance liability accrued at fiscal year-end. Implementation expected substantially complete by end of fiscal 2026. | |
| 2025-09-30 | restructuring | in_progress | 2025-03 | Global; majority of charges related to U.S. projects | Clean energy generation and distribution projects (multiple segments); two coal gasification plants in Asia segment | USD 3,623 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Board- and CEO-initiated project review began in the second quarter of fiscal 2025 (quarter ended 31 March 2025, reflected in announcement date) and drove exits primarily from clean energy projects. Charges comprise roughly $2.4 billion for three U.S. projects (Americas segment), about $755 million for smaller-scale global project exits, and $425 million for two China coal gasification plants being marketed for sale; primarily noncash asset write-downs and contract-termination costs. No employee counts disclosed for these exits. Review remains ongoing and may result in additional costs; held-for-sale asset sales expected in fiscal 2026. | |||
| 2025-09-30 | reduction_in_force | in_progress | 2026-09-30 | Global | Company-wide | other f5-10k / GLM-5.3-flash-HTML | Headcount grew from roughly 16,300 at fiscal 2018 year-end to a peak near 23,000 in fiscal 2024; reduction actions have been underway since then and management expects headcount to stabilize at approximately 20,000 by the end of fiscal 2026 as projects are completed and the organization is right-sized. Encompasses the separately reported global cost reduction plan and project exits; no discrete employee count is attributable to this target, so no double-count of affected employees is implied. | ||||
| 2025-09-30 | restructuring | in_progress | 3,600 | 2023-06 | 2026-09-30 | Global | Company-wide | USD 124 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount of approximately 3,600 employees is cumulative through FY2025 since plan initiation in June 2023; FY2025 charge was $123.7M (cumulative costs $207.7M). Expected annual pre-tax savings of $240-260M once fully executed; implementation substantially complete by end of FY2026. | |
| 2025-09-30 | restructuring | in_progress | Global (primarily United States and China) | Energy transition / clean energy projects | USD 3,623 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Project review initiated by the Board and CEO in Q2 FY2025; charge primarily noncash asset write-downs and contract-termination costs, so no employee count is disclosed. Approximately $2.4B related to three U.S. projects, ~$755M to smaller global projects, and $425M to two coal gasification plants in China. Review remains ongoing and may result in additional costs. | ||||
| 2025-09-30 | other | completed | 1 | 2025-02 | 2025-06-30 | United States | Executive | USD 30 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Executive separation costs following appointment of a new CEO in February 2025: $22.4M noncash accelerated vesting of share-based awards plus $7.3M severance and cash benefits. Part of $86.3M total shareholder activism-related costs. | |
| 2025-09-30 | divestiture_reduction | completed | 2025-04 | 2025-04-30 | Singapore | Asia | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 100% interest in a consolidated Singapore subsidiary completed April 2025 for $104.3M cash proceeds; subsidiary contributed ~$50M annual sales to the Asia segment. Headcount removed not disclosed. | |||
| 2025-09-30 | acquisition_addition | completed | 2025-04-30 | 2025-04-30 | Belgium | Europe | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 100% interest in an independent industrial gases company; total consideration net of cash acquired $74.2M. Headcount added not disclosed. | |||
| 2025-09-30 | restructuring | in_progress | 3,600 | 2023-06-01 | 2026-09-30 | Global | Corporate and other | USD 124 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in June 2023. Cumulative total of approximately 3,600 employees globally affected since inception. Fiscal year 2025 charge of $123.7 million for severance and other employee benefits. Expected to be substantially complete by end of fiscal 2026. | |
| 2025-09-30 | restructuring | in_progress | USD 3,747,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2025-09-30 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 3,747,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-09-30 | restructuring | in_progress | 3,600 | Global Cost Reduction Plan [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | 2023-06-01 | 2026-05-31 | Global | Global operations | USD 66 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative plan cost $150.1M for approximately 2,400 employees since June 2023; $66.1M charged in Q2 FY2025, no charge in Q3 FY2025; remaining accrual $61.4M at 30 June 2025; implementation expected substantially complete by end of Q2 FY2026. | ||
| 2025-06-30 | restructuring | in_progress | 2025-01-31 | 2026-06-30 | Global | Americas segment (primarily); clean energy generation and distribution projects | USD 2,886 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Project exit costs of $2,885.9M through operating results plus $6.8M equity method impairment; primarily asset write-downs to net realizable value of $22.5M and contract termination costs; no employee count disclosed; exit activities expected to complete within next twelve months. | ||
| 2025-06-30 | other | completed | 2025-01-31 | United States | Executive leadership (former CEO) | USD 30 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Executive separation costs for former CEO following appointment of new CEO: $22.4M noncash accelerated vesting of share-based awards plus $7.3M severance and cash benefits paid in Q2 FY2025. | |||
| 2025-06-30 | divestiture_reduction | completed | 2025-04-30 | 2025-04-30 | Singapore | Asia segment | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 100% interest in consolidated Singapore subsidiary completed 30 April 2025; subsidiary contributed annual sales of approximately $50M; no employee count disclosed. | |||
| 2025-06-30 | acquisition_addition | completed | 2025-04-30 | 2025-04-30 | Belgium | Europe segment | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 100% interest in independent industrial gases company; total consideration $74.2M; no employee count disclosed. | |||
| 2025-06-30 | restructuring | in_progress | 2,400 | 2023-06-01 | 2026-06-30 | Global | USD 150 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in June 2023. Cumulative costs of $150.1M incurred for approx. 2,400 employees globally. Q2 FY25 charge of $66.1M for additional actions. Expected substantially complete by end of Q2 FY26. | ||
| 2025-06-30 | restructuring | in_progress | 2025-04-01 | 2026-06-30 | Global | Project Exits | USD 2,952 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Review of project backlog led to exit of various clean energy generation and distribution projects. Charge of $2,952.0M recorded in first nine months FY25, primarily Q2. Employee count not explicitly disclosed for this specific action, though associated with project exits. | ||
| 2025-06-30 | restructuring | in_progress | USD 24,100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-06-30 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 3,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | Executive Separation Costs [Member] | USD 7,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 24,100,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-06-30 | restructuring | in_progress | 2,400 | Global Cost Reduction Plan [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2025-03-31 | restructuring | in_progress | 2023-06-01 | 2026-03-31 | Global | Global | USD 66 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Additional actions committed in Q2 FY2025 with $66.1M separation charge. Cumulative since June 2023: $150.1M for approximately 2,400 employees globally. Severance liability rose from $34.0M to $75.3M during the quarter. Expected annual pre-tax savings of $185–195M once fully executed. | ||
| 2025-03-31 | restructuring | in_progress | 2025-01-01 | 2026-03-31 | Americas (primarily) | Americas segment — clean energy generation and distribution projects | USD 2,862 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board and CEO initiated project review in Q2 FY2025 to exit clean energy projects. Charge includes ~$2.4B non-cash asset write-downs (incl. World Energy SAF project) plus contract termination costs. Additional $6.8M impairment through equity affiliates' income (China JV). Expected cash expenditures ~$500M, ~$90M paid in Q2. No employee count disclosed; exit activities expected to complete within twelve months. | ||
| 2025-03-31 | voluntary_separation | completed | 2025-01-01 | 2025-03-31 | United States | Executive — former Chief Executive Officer | USD 31 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q2 FY2025 costs of $31.4M ($31.0M after tax) primarily reflect executive separation for the former CEO following appointment of new CEO: $22.4M non-cash accelerated vesting of share-based awards plus $7.3M cash severance. Part of $61.3M YTD activism-related costs tied to proxy contest concluded January 2025. | ||
| 2025-03-31 | restructuring | in_progress | 2,400 | 2023-06-01 | 2026-06-30 | Global | USD 66 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in June 2023. Cumulative costs incurred since inception total $150.1 million for approximately 2,400 employees globally. Second quarter 2025 charge of $66.1 million relates to additional actions committed during the quarter. Implementation expected to be substantially complete by end of Q2 FY2026. | ||
| 2025-03-31 | restructuring | in_progress | USD 2,927,900,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2025-03-31 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 2,500,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | Executive Separation Costs [Member] | USD 7,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 2,927,900,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2025-03-31 | restructuring | in_progress | 2,400 | Global Cost Reduction Plan [Member] | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2024-12-31 | restructuring | in_progress | 1,100 | 2023-01-01 | Global | USD 84 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in 2023. Costs incurred through fiscal year 2024 totaled $84.0 million for approximately 1,100 eligible employees. No costs recorded in Q1 FY2025. Remaining liability of $22.3 million as of Dec 31, 2024. | |||
| 2024-09-30 | reduction_in_force | in_progress | 1,100 | 2024-03 | Global | Global cost reduction plan spanning all segments | USD 57 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Fiscal 2024 charge of $57.0 ($43.8 after tax) recognized in Q2 FY2024 (quarter ended 31 March 2024) for severance and other postemployment benefits under a global cost reduction plan originated in Q3 FY2023 with an initial FY2023 charge of $27.0. The approximately 1,100 employees globally eligible for benefits is the cumulative plan-eligible population, not FY2024-specific. FY2024 cash payments were $43.6; $34.0 remained accrued at 30 September 2024, with the majority of remaining benefits expected to be paid within six months. Charge is excluded from segment results. | ||
| 2024-09-30 | divestiture_reduction | completed | 2024-09-30 | Liquefied natural gas (LNG) process technology and equipment business (reported in Corporate and other segment) | other f5-10k / GLM-5.3-flash-HTML | Sale of the LNG business to Honeywell International Inc. completed 30 September 2024 for approximately $1.8 billion in an all-cash transaction, generating a pre-tax gain of $1,575.6 million ($1,198.4 million after tax). The divested business's headcount was not disclosed. | |||||
| 2024-09-30 | restructuring | in_progress | 1,100 | 2023-06-30 | Global | Enterprise-wide | USD 57 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through fiscal year-end: approximately 1,100 employees globally eligible under the plan, which originated in Q3 fiscal 2023 (initial $27.0 charge). The $57.0 charge shown is the fiscal 2024 portion for severance and other postemployment benefits; $34.0 remained accrued at 30 September 2024, with most benefits expected to be paid within six months | ||
| 2024-09-30 | divestiture_reduction | completed | 2024-09-30 | United States | Corporate and other (LNG process technology and equipment business) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | LNG business sold to Honeywell International Inc. on 30 September 2024 for approximately $1.8 billion; associated headcount not disclosed | ||||
| 2024-09-30 | restructuring | in_progress | 1,100 | 2023-10-01 | Global | USD 57 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Global cost reduction plan originated in Q3 FY2023. Approximately 1,100 employees globally eligible for benefits. $57.0 million charge recognized in Q2 FY2024 for severance and other postemployment benefits. | |||
| 2024-09-30 | restructuring | in_progress | 1,100 | 2023-10-01 | Global | USD 57 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan originated in Q3 FY2023. Approximately 1,100 employees globally are eligible to receive benefits. FY2024 charge of $57.0 million for severance and other postemployment benefits. Majority of remaining benefits expected to be paid over next six months from FY2024 year-end. | |||
| 2024-09-30 | restructuring | in_progress | USD 57,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2024-09-30 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-09-30 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 57,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | 1,100 | 2023-06-30 | 2025-03-31 | Global | All segments | USD 57 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global cost reduction plan originated Q3 FY2023 with initial $27.0 charge; additional actions identified in Q2 FY2024 resulting in $57.0 charge for nine months ended 30 June 2024. Approximately 1,100 employees globally eligible. Remaining accrual of $43.3 expected to be paid over next nine months. | |
| 2024-06-30 | restructuring | in_progress | 1,100 | 2023-10-01 | Global | USD 57 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan originated in Q3 FY2023. Q3 FY2024 charge of $57.0M for severance and postemployment benefits. Total eligible employees approx. 1,100. Majority of remaining benefits expected to be paid over next nine months. | |||
| 2024-06-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2024-06-30 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-06-30 | restructuring | in_progress | Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | 1,100 | 2023-06-01 | Global | Global | USD 57 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Global cost reduction plan initiated June 2023; $57.0M charge in Q2 FY2024 for severance and postemployment benefits; ~1,100 employees eligible; $59.9M accrual remaining at 31 March 2024, majority payable within 12 months. | ||
| 2024-03-31 | restructuring | in_progress | 1,100 | 2023-07-01 | Global | USD 57 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in Q3 FY2023. Q2 FY2024 charge of $57.0M for severance and postemployment benefits. Total eligible employees under plan is 1,100. Majority of remaining benefits expected to be paid over next twelve months. | |||
| 2024-03-31 | restructuring | in_progress | 1,100,000,000 | USD 57,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2024-03-31 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2024-03-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 57,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-12-31 | restructuring | in_progress | Global | Certain organizations globally (not recorded in segment results) | USD 27 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | FY2023 charge of $27.0 for severance and benefits tied to position eliminations and restructuring; accrual roll-forward shows $16.8 remaining at 2023-12-31 after $3.4 of Q1 FY2024 cash payments. No employee count disclosed. | ||||
| 2023-12-31 | restructuring | in_progress | 2023-10-01 | Global | Various | USD 27 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Fiscal year 2023 charge for severance and other benefits associated with position eliminations and restructuring of certain organizations globally. Accrual balance was $16.8 million as of Dec 31, 2023. | |||
| 2023-09-30 | restructuring | in_progress | 450 | 2024-09-30 | Global | Certain organizations globally; charges not recorded in segment results | USD 27 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Severance and other benefits for approximately 450 employees from position eliminations and restructuring of certain organizations globally. Part of a total FY2023 business and asset actions charge of $244.6M, which also included $217.6M of noncash asset write-offs from exited projects in the Asia and Europe segments (withdrawal from coal gasification in Indonesia; a Ukraine project permanently suspended due to Russia's invasion). $6.8M of severance already paid; accrual of $19.8M remained in payables at fiscal year-end, with the filer expecting substantially all remaining severance to be paid through fiscal year 2024 (hence expected_completion_date set to FY2024 year-end). Actions were taken during fiscal 2023; no specific announcement date disclosed. | ||
| 2023-09-30 | restructuring | in_progress | 450 | 2024-09-30 | Global | Certain organizations globally | USD 27 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2023 strategic business and asset actions totaled $244.6 million ($204.9 million after tax), of which $217.6 million was a noncash write-off of assets from exited projects (withdrawal from coal gasification in Indonesia and a permanently suspended Ukraine project) and $27.0 million covered severance and benefits for approximately 450 employees. Severance accrual of $19.8 million remained unpaid at year-end, expected to be substantially paid through fiscal 2024. | ||
| 2023-09-30 | restructuring | completed | 450 | 2024-09-30 | Global | USD 27 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Severance and other benefits associated with position eliminations and restructuring of certain organizations globally. Expect to substantially pay through fiscal year 2024. | |||
| 2023-09-30 | restructuring | completed | Asia, Europe | USD 218 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Noncash charges to write off assets associated with exited projects previously under construction, including withdrawal from coal gasification in Indonesia and suspension of project in Ukraine. | |||||
| 2023-09-30 | restructuring | completed | 450 | 2023-09-30 | 2024-09-30 | Global | Various | USD 27 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Severance and other benefits associated with position eliminations and restructuring of certain organizations globally. Accrual expected to be substantially paid through fiscal year 2024. | |
| 2023-09-30 | restructuring | in_progress | 450 | USD 244,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | |||||
| 2023-09-30 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-09-30 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 244,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2023-06-30 | restructuring | in_progress | 450 | 2024-06-30 | Global | Certain organizations globally; includes exits from projects in Asia and Europe segments | USD 245 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | YTD charge of $244.6 ($204.9 after tax) for strategic business and asset actions; includes $217.6 noncash asset write-offs (coal gasification in Indonesia, suspended Ukraine project) and $27.0 severance for ~450 employees, of which $24.7 remained accrued at 30 June 2023 expected to be paid over the next twelve months. Q3-only charge was $59.0 ($51.2 after tax), including $32.0 noncash write-offs and the $27.0 severance expense. Not recorded in segment results. | ||
| 2023-06-30 | restructuring | in_progress | 450 | 2023-06-30 | 2024-06-30 | Global | Various | USD 27 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge includes severance and other benefits payable to approximately 450 employees due to position eliminations and restructuring. Expected to be substantially paid over the next twelve months. | |
| 2023-06-30 | restructuring | in_progress | 450 | USD 59,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2023-06-30 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-06-30 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 59,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-03-31 | restructuring | completed | 2023-03 | Indonesia and Ukraine | Asia and Europe segments | USD 186 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Noncash write-off of assets previously under construction: withdrawal from coal gasification in Indonesia and permanent suspension of a plant under construction in Ukraine. No employee headcount impact or severance disclosed; charge not recorded in segment results. | |||
| 2023-03-31 | restructuring | in_progress | USD 185,600,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2023-03-31 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD -300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2023-03-31 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 185,600,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2022-09-30 | divestiture_reduction | completed | Russia | Europe | USD 74 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Small industrial gas business divested during Q4 FY2022 following Russia's invasion of Ukraine; noncash charge includes transaction costs and cumulative currency translation losses and was excluded from Europe segment results; business generated annual sales below $25 million. No employee count disclosed. Charge recorded under the 'Business and asset actions' income statement caption, not a severance program. | ||||
| 2022-09-30 | divestiture_reduction | completed | 2022-09-30 | Russia | Europe segment — small industrial gas business | USD 74 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Divestiture completed in Q4 FY2022 due to Russia's invasion of Ukraine; noncash charge of $73.7M ($61.0M after tax) included transaction costs and cumulative currency translation losses, not solely severance. Business generated annual sales of less than $25M; no employee count disclosed. | |||
| 2022-09-30 | other | in_progress | 2021-10-01 | Ukraine | Europe segment — plant construction project | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Construction of a plant in Ukraine was suspended during Q2 FY2022; carrying value of related assets was approximately $45M at 30 September 2022. No workforce impact quantified; annual Ukraine sales were less than $5M. | ||||
| 2022-09-30 | divestiture_reduction | completed | 2022-10-01 | Russia | Europe | USD 74 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Divestiture of small industrial gas business in Russia recorded in Q4 FY2022. Charge includes transaction costs and cumulative currency translation losses. Employee count not disclosed. | |||
| 2022-09-30 | restructuring | in_progress | USD 73,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2022-09-30 | restructuring | in_progress | Reclassification out of Accumulated Other Comprehensive Income [Member] / Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | USD -5,100,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2022-09-30 | restructuring | in_progress | Segment Reconciling Items [Member] | USD 73,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-09-30 | plant_closure | completed | Industrial Gases – Americas | USD 23 (millions) | other f5-10k / GLM-5.3-flash-HTML | Charge recorded in Q2 FY2021 (quarter ended 31 March 2021); primarily a noncash asset write-down tied to a contract termination. No employee headcount reduction quantified. Also appears as 'Facility closure' line on income statement and in MD&A. | |||||
| 2021-09-30 | plant_closure | completed | 2020-12-31 | United States | Industrial Gases – Americas | USD 23 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Second-quarter FY2021 charge, primarily a noncash asset write-down tied to a contract termination; no headcount impact disclosed. Announcement date is the fiscal quarter (Q2 FY2021) as exact date not given. | |||
| 2021-09-30 | acquisition_addition | completed | 2021-02-23 | Germany | Industrial Gases – EMEA | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the retained portion of Tyczka Industrie-Gases GmbH on a 100% basis; no headcount added disclosed and results described as not material to consolidated statements. | ||||
| 2021-09-30 | restructuring | announced | 2021-11-04 | Global | Industrial gases segments (reporting reorganization) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Reorganization of industrial gases reporting segments effective 1 October 2021 (EMEA split into Europe and Middle East; Industrial Gases – Global folded into Corporate and other); no workforce reduction disclosed. | ||||
| 2021-06-30 | restructuring | completed | 2021-04-01 | 2021-06-30 | Americas | Industrial Gases -- Americas | USD 23 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Recorded charge primarily for noncash write-down of assets associated with a contract termination. Employee count not disclosed. | ||
| 2021-03-31 | acquisition_addition | completed | 2021-02-23 | 2021-02-23 | Germany | Industrial Gases – EMEA | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Separation of Tyczka Industrie-Gases GmbH joint venture; APD acquired a portion on 100% basis. No headcount disclosed. | |||
| 2021-03-31 | restructuring | completed | 2021-03-31 | 2021-03-31 | United States | Industrial Gases -- Americas | USD 23 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Charge primarily for noncash write-down of assets associated with a contract termination. Employee count not disclosed. | ||
| 2020-09-30 | reduction_in_force | in_progress | 300 | 2019 | Industrial Gases – EMEA and Industrial Gases – Americas segments | USD 26 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Fiscal 2019 'Cost reduction actions' program covering elimination or planned elimination of about 300 positions. Fiscal 2020 activity was $13.5M of cash expenditures, leaving a $4.7M accrual at 30 September 2020; no new cost reduction charge was recorded in fiscal 2020. | |||
| 2020-09-30 | acquisition_addition | completed | 2020-07-01 | 2020-07-01 | Global (largest acquisition in Israel) | Industrial Gases – EMEA (largest acquisition); two other businesses | USD 185 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Three business combinations completed 1 July 2020; associated charge is aggregate purchase price net of cash acquired, not severance. Headcount added not disclosed; largest was Oxygen & Argon Works Ltd. of Israel | ||
| 2020-09-30 | other | completed | 2020-04-17 | 2020-04-17 | United States (Delaware and California) | Industrial Gases – Americas (hydrogen supply) | USD 580 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Asset acquisition of five operating hydrogen production plants from PBF Energy Inc., accounted for as an asset acquisition rather than a business combination; associated charge is aggregate purchase price. Employees transferring not disclosed | ||
| 2020-09-30 | restructuring | completed | 300 | 2019-10-01 | 2020-09-30 | Global | Industrial Gases - EMEA; Industrial Gases - Americas | USD 26 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Fiscal year 2019 expense of $25.5 million for severance and other benefits associated with elimination of approximately 300 positions. Actions taken to drive cost synergies primarily within Industrial Gases - EMEA and Americas segments. | |
| 2020-09-30 | restructuring | completed | 300 | 2019-10-01 | 2020-09-30 | Global | Industrial Gases -- EMEA; Industrial Gases -- Americas | USD 26 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Expense recognized in fiscal year 2019 for severance and other benefits associated with position eliminations. Accrual balance decreased from $17.8 million in 2019 to $4.7 million in 2020 due to cash expenditures. | |
| 2020-06-30 | restructuring | in_progress | 300 | 2019-01-01 | Global | Industrial Gases -- EMEA; Industrial Gases -- Americas | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge recognized in FY2019 for elimination of approx 300 positions. Accrual balance was $6.8M as of June 30, 2020. | ||
| 2020-03-31 | restructuring | in_progress | 300 | Industrial Gases -- EMEA and Industrial Gases -- Americas | Industrial Gases -- EMEA; Industrial Gases -- Americas | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge recognized in fiscal year 2019 for elimination of approximately 300 positions to drive cost synergies. Accrual balance was $10.2 million as of March 31, 2020. | |||
| 2019-12-31 | restructuring | in_progress | 300 | Industrial Gases – EMEA; Industrial Gases – Americas | USD 26 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated in fiscal year 2019; approximately 300 positions eliminated or planned for elimination, with severance and other benefits charge of $25.5. Accrual roll-forward shows $5.0 cash expenditures during the quarter, leaving $13.1 remaining at 31 December 2019. Charge not recorded in segment results. No specific announcement date or completion date disclosed. | ||||
| 2019-12-31 | restructuring | in_progress | 300 | EMEA and Americas | Industrial Gases | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge recognized in FY2019 for elimination of approx. 300 positions to drive cost synergies. Accrual balance of $13.1M remained at Dec 31, 2019. | |||
| 2019-09-30 | restructuring | in_progress | 300 | Industrial Gases – EMEA and Industrial Gases – Americas segments | USD 26 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Severance and other benefits for elimination or planned elimination of roughly 300 positions to drive cost synergies, primarily in the EMEA and Americas segments; year-end accrual of $17.8 million remained after $6.9 million of cash expenditures and a $0.3 million reclassification to pension liability. Same event also discussed in MD&A; footnote used as authoritative source. | ||||
| 2019-09-30 | acquisition_addition | completed | 2019-08-01 | other f5-10k / GLM-5.3-flash-HTML | Employees of GE Oil and Gas LLC / General Electric Company were hired in connection with the Company's purchase of certain GE assets on August 1, 2019; plan amended to credit prior GE service toward Core Contributions. Headcount not disclosed. Item 1 separately references the acquisition of GE's gasification business completed in August 2019. | ||||||
| 2019-09-30 | restructuring | in_progress | 300 | Europe, Middle East & Africa; Americas | Industrial Gases – EMEA and Industrial Gases – Americas | USD 26 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance and other benefits for elimination or planned elimination of approximately 300 positions, expected to drive cost synergies primarily in EMEA and Americas. Accrual of $17.8 remaining at 30 September 2019 after $6.9 cash expenditures; no announcement or completion date stated. Filer presents a single consolidated count, not split by geography. | |||
| 2019-09-30 | acquisition_addition | completed | United States | Gasification technology business | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of General Electric Company's gasification business completed August 2019, including its related patent estate. Headcount added not disclosed. | |||||
| 2019-09-30 | acquisition_addition | completed | 2019-03-01 | Europe | Industrial Gases – EMEA (carbon dioxide merchant business) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of ACP Europe SA, described as the largest independent carbon dioxide business in Continental Europe, closed 1 March 2019. Headcount added not disclosed; part of FY2019 business combinations totaling $126.6 consideration net of cash acquired. | ||||
| 2019-09-30 | acquisition_addition | completed | 2019-05-01 | China | Industrial Gases – Asia | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exchange completed 1 May 2019 in which the Company acquired its partner's 50% interest in WuXi Hi-Tech Gas Co., Ltd. in exchange for its 50% interest in High-Tech Gases; WuXi results consolidated from acquisition date. Headcount added not disclosed. | ||||
| 2019-09-30 | restructuring | completed | 300 | Global | Industrial Gases – EMEA and Industrial Gases – Americas | USD 26 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Expense of $25.5 million for severance and other benefits associated with elimination or planned elimination of approximately 300 positions. Actions expected to drive cost synergies primarily within Industrial Gases – EMEA and Industrial Gases – Americas segments. | |||
| 2019-09-30 | restructuring | completed | 300 | Global | Industrial Gases -- EMEA; Industrial Gases -- Americas | USD 26 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Expense for severance and other benefits associated with position eliminations expected to drive cost synergies. | |||
| 2019-09-30 | plant_closure | completed | 2018-12 | Asia | Industrial Gases -- Asia | USD 29 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Customer subject to government enforced shutdown due to environmental reasons. Charge primarily related to write-off of onsite assets. Employee count not disclosed. | |||
| 2019-06-30 | restructuring | in_progress | 300 | Industrial Gases – EMEA and Industrial Gases – Americas | USD 26 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and other benefits for elimination or planned elimination of approximately 300 positions during Q3 FY2019; accrual of $20.6 remained at 30 June 2019 after $4.7 cash expenditures. Excluded from segment operating income. Announcement date and completion date not disclosed. | ||||
| 2019-06-30 | restructuring | in_progress | 300 | 2019-06-30 | EMEA, Americas | Industrial Gases -- EMEA, Industrial Gases -- Americas | USD 26 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expense recognized in Q3 2019 for severance and other benefits associated with elimination or planned elimination of approximately 300 positions. | ||
| 2019-03-31 | plant_closure | completed | 2018-12-01 | Asia | Industrial Gases -- Asia | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Government-enforced shutdown of a customer's facility due to environmental reasons resulted in a $29.0 million charge primarily for write-off of onsite assets. Employee count not disclosed. | |||
| 2018-12-31 | plant_closure | completed | 2018-12-01 | Asia | Industrial Gases -- Asia | USD 29 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Customer subject to government enforced shutdown due to environmental reasons. Charge primarily related to write-off of onsite assets. Employee count not disclosed. | |||
| 2018-09-30 | acquisition_addition | completed | Primarily Industrial Gases – Asia and Industrial Gases – EMEA | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Eight business combinations completed during fiscal year 2018 for an aggregate purchase price, net of cash acquired, of $355.4 million; the largest (first quarter FY2018) comprised three air separation units serving onsite and merchant customers in China. Goodwill was primarily recorded in the Industrial Gases – Asia and Industrial Gases – EMEA segments. Acquired-employee headcount was not disclosed. | ||||||
| 2018-09-30 | acquisition_addition | completed | 2017-09-09 | 2018-04-26 | China | Industrial Gases – Asia | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Formation of Air Products Lu An (Changzhi) Co., Ltd., a 60%-owned consolidated joint venture, completed 26 April 2018 (formation agreement signed 9 September 2017). The JV acquired gasification and syngas clean-up assets from Lu'An; Air Products contributed four air separation units. Employee headcount associated with the transaction was not disclosed. | |||
| 2018-09-30 | acquisition_addition | completed | 2018-06-04 | other f5-10k / GLM-5.3-flash-HTML | Plan amendment provides service-credit treatment for employees hired in connection with the 4 June 2018 purchase of certain assets of GE Oil and Gas LLC. Headcount not disclosed; this transaction may be among the eight business combinations aggregated in Note 6. | ||||||
| 2018-09-30 | restructuring | in_progress | United States and Europe | Corporate and other; Industrial Gases – EMEA; Industrial Gases – Americas | USD 0 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | No new cost reduction charge in fiscal 2018; accrual wound down via $31.2 million of cash expenditures against prior-year (fiscal 2016 and 2017) actions, leaving a $9.9 million balance at year-end. Prior-year position-elimination counts are not repeated here. | ||||
| 2018-09-30 | acquisition_addition | completed | 2018-04-26 | 2018-04-26 | China | Industrial Gases – Asia | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Formation of 60%-owned Lu'An syngas joint venture and acquisition of gasification/syngas clean-up assets; headcount added not disclosed. | |||
| 2018-09-30 | acquisition_addition | completed | China; Europe | Industrial Gases – Asia; Industrial Gases – EMEA | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Eight business combinations completed in fiscal 2018 with aggregate purchase price of $355.4 million net of cash acquired; headcount added not disclosed. | |||||
| 2018-09-30 | acquisition_addition | completed | 2018-06-04 | 2018-06-04 | United States | Not specified | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase of certain assets of GE Oil and Gas LLC; employees hired in connection with the purchase receive prior-service credit. Headcount added not disclosed. | |||
| 2018-09-30 | restructuring | completed | Global | Corporate and other; Industrial Gases – EMEA | USD 0 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Fiscal year 2018 had no cost reduction or asset action charges. Remaining accrual of $9.9 million was utilized for severance payments. | ||||
| 2018-09-30 | restructuring | completed | 625 | 2017-10-01 | 2018-09-30 | Global | Corporate and other; Industrial Gases -- EMEA | USD 66 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Fiscal year 2017 charge for actions taken during fiscal year 2017. Severance actions related to elimination or planned elimination of approximately 625 positions. Charges excluded from segment operating income. | |
| 2018-06-30 | restructuring | in_progress | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash expenditures for severance and other benefits during the nine months ended June 30, 2018. No employee count disclosed. | ||||||
| 2018-03-31 | restructuring | in_progress | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrual balance for cost reduction and asset actions as of March 31, 2018. Includes $17.0M for severance/other benefits and $0.7M for asset actions. No new charges recorded in Q2 2018; cash expenditures of $24.1M reduced the balance from $41.5M at Sept 30, 2017. | ||||||
| 2017-12-31 | restructuring | in_progress | Global | Corporate and other; Industrial Gases -- EMEA | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash expenditures for severance and other benefits in Q1 FY2018. Related to prior year actions eliminating approx. 625 positions. | ||||
| 2017-09-30 | restructuring | in_progress | 625 | Global | Primarily Corporate and other (reorganization of engineering, manufacturing, and technology functions) and Industrial Gases–EMEA; 2017 charges also recorded in Americas, Asia, and Global segments | USD 66 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Severance and other benefits for elimination or planned elimination of approximately 625 positions recognized in fiscal 2017; part of a $154.8 total 2017 charge that also included $88.5 of asset actions. Remaining severance accrual of $40.6 at year-end; some eliminations were still planned, not yet executed. | |||
| 2017-09-30 | plant_closure | completed | Corporate and other — facility that manufactured LNG heat exchangers | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Closure of the LNG heat exchanger manufacturing facility, included within the $88.5 of asset actions in the fiscal 2017 cost reduction charge; no separate headcount disclosed. | ||||||
| 2017-09-30 | divestiture_reduction | announced | Industrial Gases – Americas — non-industrial gas hardgoods business | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Planned sale of a non-industrial gas hardgoods business, included within the asset actions of the fiscal 2017 cost reduction charge; no headcount disclosed. | ||||||
| 2017-09-30 | divestiture_reduction | completed | Electronic Materials Division (EMD) — former Materials Technologies segment | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Spin-off of EMD as Versum Materials completed on 1 October 2016, the first day of fiscal 2017; EMD employees' equity awards were converted to Versum awards. Headcount transferred was not disclosed. | ||||||
| 2017-09-30 | divestiture_reduction | completed | Performance Materials Division (PMD) — former Materials Technologies segment | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of PMD to Evonik Industries AG completed 3 January 2017 for $3.8 billion in cash; headcount transferred was not disclosed. | ||||||
| 2017-09-30 | restructuring | in_progress | 625 | Primarily United States and EMEA | Primarily Corporate and other; Industrial Gases – EMEA | USD 66 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2017 cost reduction actions: severance and other benefits for elimination or planned elimination of approximately 625 positions. Corporate actions driven by reorganization of engineering, manufacturing and technology functions. Total FY2017 net expense for these actions was $151.4M (severance $66.3M plus asset actions $88.5M, less $3.4M favorable settlement of prior accrual). No announcement date or completion date disclosed. | |||
| 2017-09-30 | plant_closure | in_progress | United States | Corporate and other (LNG heat exchanger manufacturing facility) | USD 89 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2017 asset actions of $88.5M comprised: write-down of an air separation unit in Industrial Gases – EMEA built mainly to serve an Energy-from-Waste plant; planned sale of a non-industrial gas hardgoods business in Industrial Gases – Americas; and closure of the Corporate and other facility that manufactured LNG heat exchangers. Headcount impacts not disclosed. Presented as a separate record from the severance action; the $151.4M total FY2017 charge spans both records. | ||||
| 2017-09-30 | divestiture_reduction | completed | 2017-01-03 | Global | Performance Materials Division (former Materials Technologies segment) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Performance Materials Division to Evonik Industries AG completed 3 January 2017 for $3.8 billion cash; results presented as discontinued operations for all periods. Headcount removed through the disposition not disclosed. | ||||
| 2017-09-30 | divestiture_reduction | completed | 2016-10-01 | Global | Electronic Materials Division (spun off as Versum Materials, Inc.) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Electronic Materials business completed 1 October 2016 (first day of fiscal 2017), distributing all Versum shares to Air Products shareholders. Headcount removed through the spin-off not disclosed. | ||||
| 2017-09-30 | restructuring | completed | 625 | 2017-01-01 | 2017-09-30 | Global | Corporate and other; Industrial Gases – EMEA | USD 151 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Net expense of $151.4 million recognized in fiscal year 2017. Included $66.3 million for severance and other benefits related to elimination or planned elimination of approximately 625 positions. Actions driven by reorganization of engineering, manufacturing, and technology functions in Corporate and other segment, and Industrial Gases – EMEA segment. | |
| 2017-09-30 | divestiture_reduction | completed | 2016-09-16 | 2017-01-03 | Global | Materials Technologies (Electronic Materials and Performance Materials) | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Spin-off of Electronic Materials business (Versum) completed Oct 1, 2016. Sale of Performance Materials business to Evonik completed Jan 3, 2017. Results presented as discontinued operations. Specific headcount removed not disclosed. | |||
| 2017-09-30 | plant_closure | completed | 2016-03-29 | 2017-09-30 | United Kingdom | Energy-from-Waste | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Board approved exit of Energy-from-Waste business on March 29, 2016. Efforts to start up and operate two EfW projects in Tees Valley, UK, were discontinued. Presented as discontinued operation. | |||
| 2017-09-30 | restructuring | completed | 625 | 2017-09-30 | 2017-09-30 | Global | Corporate and other; Industrial Gases -- EMEA | USD 66 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Severance and other benefits related to elimination or planned elimination of approximately 625 positions. Actions driven by reorganization of engineering, manufacturing, and technology functions in Corporate and other segment, and Industrial Gases -- EMEA segment. | |
| 2017-09-30 | restructuring | in_progress | 625 | Severance And Other Benefits [Member] / Cost Reduction Actions [Member] | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-06-30 | restructuring | in_progress | 270 | Industrial Gases – Americas; Industrial Gases – EMEA; Corporate and other | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 270 positions eliminated in the nine months ended 30 June 2017 via severance and other benefits of $27.5. Total FY2017 program charge of $106.4 includes $78.9 of asset actions, partially offset by a $3.4 favorable settlement of a 2015 restructuring accrual. No announcement date or completion date disclosed. | ||||
| 2017-06-30 | plant_closure | in_progress | Corporate and other | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Closure of the facility manufacturing liquefied natural gas (LNG) heat exchangers; charge included within Q3 asset actions of $33.2, not separately quantified. No headcount disclosed. | ||||||
| 2017-06-30 | divestiture_reduction | announced | Industrial Gases – Americas | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned sale of a non-industrial gas hardgoods business; charge included within Q3 asset actions of $33.2, not separately quantified. No headcount or completion date disclosed. | ||||||
| 2017-06-30 | divestiture_reduction | completed | 2015-09-16 | 2016-10-01 | Materials Technologies — Electronic Materials Division | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Versum Materials completed 1 October 2016; results presented as discontinued operations for all periods. No headcount removed disclosed. | ||||
| 2017-06-30 | divestiture_reduction | completed | 2015-09-16 | 2017-01-03 | Materials Technologies — Performance Materials Division | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Performance Materials Division to Evonik Industries completed 3 January 2017 for $3.8 billion cash; results presented as discontinued operations. No headcount removed disclosed. | ||||
| 2017-06-30 | plant_closure | in_progress | 2016-03-29 | Tees Valley, United Kingdom | Energy-from-Waste | USD 59 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved exit of the Energy-from-Waste business on 29 March 2016; two Tees Valley projects discontinued. Additional loss of $59.3 recorded in Q1 FY2017 (on top of $945.7 recorded in FY2016); remaining accrual of $5.7 at 30 June 2017. No headcount disclosed. | |||
| 2017-06-30 | other | announced | 2017-05-18 | Executive | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Amendment and restatement of the standing Executive Separation Program (originally effective 2003) facilitating planned separations of covered executives; applies to terminations on or after 18 May 2017. No number of executives or charge disclosed. | |||||
| 2017-06-30 | restructuring | in_progress | 270 | 2017-01-01 | Global | Industrial Gases -- Americas, Industrial Gases -- EMEA, Corporate and other | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and other benefits related to the elimination of approximately 270 positions during the first nine months of fiscal year 2017. | ||
| 2017-06-30 | restructuring | in_progress | Cost Reduction Actions [Member] | USD 103,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-06-30 | restructuring | in_progress | 270 | Severance And Other Benefits [Member] / Cost Reduction Actions [Member] | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-03-31 | reduction_in_force | in_progress | 140 | Primarily EMEA; also Corporate and other | Industrial Gases – EMEA and Corporate and other | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 140 positions eliminated during the six months ended 31 March 2017; severance and other benefits of $18.0 recognized. Accrual of $10.8 remained at quarter-end. | |||
| 2017-03-31 | restructuring | completed | EMEA | Industrial Gases – EMEA | USD 46 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | First-quarter 2017 write-down of an air separation unit built mainly to supply oxygen to an Energy-from-Waste plant; non-cash asset action with no disclosed headcount impact. | ||||
| 2017-03-31 | divestiture_reduction | completed | 2016-10-01 | Global | Electronic Materials Division (Materials Technologies) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Versum Materials completed 1 October 2016; headcount removed not disclosed in this filing. | ||||
| 2017-03-31 | divestiture_reduction | completed | 2017-01-03 | Global | Performance Materials Division (Materials Technologies) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of PMD to Evonik completed 3 January 2017 for $3.8 billion; headcount removed not disclosed in this filing. | ||||
| 2017-03-31 | restructuring | in_progress | 140 | 2017-01-01 | Industrial Gases -- EMEA and Corporate and other | Industrial Gases -- EMEA, Corporate and other | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and other benefits related to elimination of approximately 140 positions during the first six months of fiscal year 2017. | ||
| 2017-03-31 | restructuring | in_progress | Cost Reduction Actions [Member] | USD 60,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-03-31 | restructuring | in_progress | 140 | Severance And Other Benefits [Member] / Cost Reduction Actions [Member] | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | 50 | Primarily Corporate and other; Industrial Gases – EMEA | Corporate and other; Industrial Gases – EMEA | USD 50 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Net expense of $50.0 ($41.2 after-tax, $.19/share) from a $53.4 charge offset by a $3.4 favorable settlement of a 2015 accrual. Severance of $7.7 for ~50 positions eliminated; $45.7 asset write-down of an air separation unit in Industrial Gases – EMEA tied to the Energy-from-Waste exit. Accrual balance at 31 Dec 2016 was $11.5. | |||
| 2016-12-31 | divestiture_reduction | completed | 2015-09-16 | 2016-10-01 | Global | Materials Technologies — Electronic Materials Division (EMD) | USD 30 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Versum Materials completed 1 Oct 2016; headcount removed not disclosed. $30.2 business separation costs in Q1 FY2017 (legal, advisory, pension). | ||
| 2016-12-31 | divestiture_reduction | completed | 2016-05-06 | 2017-01-03 | Global | Materials Technologies — Performance Materials Division (PMD) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of PMD to Evonik Industries AG for $3.8 billion cash, completed 3 Jan 2017 (after quarter end). Headcount removed not disclosed. | |||
| 2016-12-31 | plant_closure | in_progress | 2016-03-29 | Tees Valley, United Kingdom | Energy-from-Waste (discontinued operation) | USD 59 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved exit 29 Mar 2016. Q1 FY2017 additional loss of $59.3 ($47.1 after-tax): $53.0 land lease obligations, $6.3 plant asset NRV update. Prior FY2016 loss of $945.7 ($846.6 after-tax). Remaining accrual $65.2 at 31 Dec 2016. Headcount not disclosed. | |||
| 2016-12-31 | restructuring | completed | 50 | 2016-10-01 | 2016-12-31 | Global | Corporate and other; Industrial Gases -- EMEA | USD 8 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance and other benefits related to elimination of approximately 50 positions. | |
| 2016-12-31 | restructuring | in_progress | 50 | Cost Reduction Actions [Member] | USD 50,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||
| 2016-09-30 | restructuring | completed | 700 | Primarily Industrial Gases – Americas and Industrial Gases – EMEA | USD 34 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | FY2016 cost reduction actions eliminated approximately 700 positions; severance and other benefits expense of $33.9 ($24.0 after-tax) recognized in fiscal 2016. Cash expenditures of $20.4 during the year; accrual of $12.9 remained at 30 September 2016. Distinct from the FY2015 business realignment program (approximately 2,000 positions), which is excluded as prior-year activity. | ||||
| 2016-09-30 | divestiture_reduction | completed | 2015-09-16 | 2016-10-01 | United States, Europe, and Asia (24 sites transferred) | Materials Technologies — Electronic Materials division | subsequent_events f5-10k / GLM-5.3-flash-HTML | Spin-off of Versum Materials, Inc. completed 1 October 2016, the day after fiscal year-end (completion date shown in expected_completion_date field). Employees of the Electronic Materials business were transferred to Versum; headcount not disclosed. FY2016 business separation costs of $52.2 covered the spin-off and the planned Performance Materials sale; a pension curtailment loss of $5–$10 is expected in Q1 FY2017 related to employees transferring to Versum. | |||
| 2016-09-30 | divestiture_reduction | announced | 2016-05-06 | Global (12 production sites, 50% owned) | Materials Technologies — Performance Materials division | other f5-10k / GLM-5.3-flash-HTML | Agreement to sell the Performance Materials business to Evonik Industries AG for $3.8 billion in cash plus assumption of certain liabilities; subject to regulatory approval and other closing conditions, with closing targeted in fiscal 2017. Employee transfer counts not disclosed. | ||||
| 2016-09-30 | restructuring | in_progress | 2016-03-29 | Primarily United Kingdom (Tees Valley projects) | Energy-from-Waste (discontinued operations) | USD 946 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Board approved exit of the Energy-from-Waste business on 29 March 2016; two Tees Valley, UK projects discontinued and the segment presented as a discontinued operation. Pre-tax loss on disposal of $945.7 comprised a $913.5 asset write-down (to $20.0 net realizable value) and $32.2 for plant disposition and other costs; additional exit costs of $50–$100 expected in future periods. Employee counts affected by the exit are not disclosed. | |||
| 2016-09-30 | restructuring | in_progress | 700 | Americas; EMEA | Industrial Gases — Americas; Industrial Gases — EMEA | USD 34 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2016 cost reduction actions eliminated approximately 700 positions; $24.0M after-tax. Severance accrual of $12.9M remained at year-end. | |||
| 2016-09-30 | divestiture_reduction | in_progress | 2016-03-29 | United Kingdom (Tees Valley) | Energy-from-Waste | USD 946 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved exit of the Energy-from-Waste business; presented as a discontinued operation. Loss includes $913.5M asset write-down. Headcount not disclosed; further exit costs of $50–$100M expected. | |||
| 2016-09-30 | divestiture_reduction | announced | 2016-05-06 | Global | Materials Technologies — Performance Materials | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Performance Materials division to Evonik Industries AG for $3.8B cash, subject to regulatory approval and other closing conditions; headcount not disclosed. | ||||
| 2016-09-30 | divestiture_reduction | completed | 2015-09-16 | 2016-10-01 | Global | Materials Technologies — Electronic Materials (Versum Materials, Inc.) | USD 52 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Versum completed 1 October 2016, one day after fiscal year-end; $52.2M separation costs incurred in FY2016. Headcount transferred not disclosed. | ||
| 2016-09-30 | restructuring | completed | 700 | 2016-09-30 | Global | Industrial Gases - Americas; Industrial Gases - EMEA | USD 34 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Expense of $33.9 million for severance and other benefits related to cost reduction actions resulting in the elimination of approximately 700 positions. Related primarily to Industrial Gases - Americas and Industrial Gases - EMEA segments. | ||
| 2016-09-30 | divestiture_reduction | completed | 2016-03-29 | United Kingdom | Energy-from-Waste | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Board approved exit of Energy-from-Waste business. Segment presented as discontinued operation. Specific headcount not disclosed. | ||||
| 2016-09-30 | restructuring | completed | 700 | 2016-01-01 | 2016-09-30 | Global | Industrial Gases -- Americas; Industrial Gases -- EMEA | USD 34 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Cost reduction actions resulting in elimination of approx 700 positions. Expense of $33.9 million for severance and other benefits. | |
| 2016-09-30 | restructuring | completed | 2,000 | 2014-09-18 | 2016-09-30 | Global | Corporate and other; Industrial Gases -- Global; Materials Technologies; Industrial Gases -- Americas; Industrial Gases -- EMEA; Industrial Gases -- Asia | USD 208 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Business realignment and reorganization announced Sept 2014. Fiscal 2016 activity relates to wind-down of this program. Total program eliminated approx 2,000 positions. FY2016 charge of $207.7M was primarily recognized in FY2015, with remaining accruals settled in FY2016. Note 5 shows $34.1M cash expenditures for severance in FY2016 related to this program. | |
| 2016-09-30 | restructuring | in_progress | 700 | Cost Reduction Actions | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-06-30 | restructuring | in_progress | 500 | Primarily United States and EMEA | Industrial Gases – Americas and Industrial Gases – EMEA | USD 23 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 500 positions eliminated over the nine months ended 30 June 2016 for severance and other benefits; MD&A reports approximately 330 of these positions and $14.2 of the charge occurred in Q3 alone. Company expects to incur costs for additional cost savings initiatives in future periods. | |||
| 2016-06-30 | divestiture_reduction | in_progress | 2016-05-06 | Global | Materials Technologies — Performance Materials division | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell Performance Materials division to Evonik Industries AG for $3.8 billion in cash; no headcount associated with the sale is disclosed. Business not yet classified as held for sale due to regulatory and antitrust conditions. | ||||
| 2016-06-30 | plant_closure | in_progress | 2016-03-29 | United Kingdom | Energy-from-Waste (discontinued operation) | USD 946 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved exit from Energy-from-Waste business on 29 March 2016, discontinuing two Tees Valley projects; $945.7 pre-tax loss on disposal ($846.6 after-tax) including $913.5 asset write-down. No employee headcount associated with the exit is disclosed; company expects additional exit costs of $50 to $100 in future periods. | |||
| 2016-06-30 | restructuring | in_progress | 330 | Industrial Gases -- Americas and Industrial Gases -- EMEA | Industrial Gases | USD 14 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Cost reduction actions resulting in elimination of approximately 330 positions during the three months ended June 30, 2016. | |||
| 2016-06-30 | restructuring | in_progress | 500 | Industrial Gases -- Americas and Industrial Gases -- EMEA | Industrial Gases | USD 23 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Cost reduction actions resulting in elimination of approximately 500 positions during the nine months ended June 30, 2016. | |||
| 2016-06-30 | restructuring | completed | 2,000 | 2014-09-18 | Global | Corporate and other | USD 208 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Business realignment and reorganization announced Sept 2014, effective Oct 2014. Total expense of $207.7M incurred throughout fiscal 2015 for elimination of approx 2,000 positions. | ||
| 2016-06-30 | restructuring | in_progress | 500 | Cost Reduction Actions2016 | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-03-31 | restructuring | completed | 170 | Americas; EMEA | Industrial Gases – Americas; Industrial Gases – EMEA | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and other benefits for eliminating approximately 170 positions; charge of $8.6 ($7.1 after-tax, $.03 per share) recognized in Q2 FY2016. Accrual balance of $5.3 at 31 March 2016. | |||
| 2016-03-31 | plant_closure | in_progress | 2016-03-29 | United Kingdom (Tees Valley) | Energy-from-Waste (discontinued operation) | USD 946 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board approved exit from Energy-from-Waste business on 29 March 2016; two Tees Valley projects discontinued. Loss on disposal of $945.7 pretax ($846.6 after-tax), including $913.5 asset write-down. Additional exit costs of $50–$100 million expected in future periods. No employee count disclosed. | |||
| 2016-03-31 | divestiture_reduction | announced | 2015-09-16 | Materials Technologies (Versum Materials spin-off) | USD 19 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned tax-free spin-off of Materials Technologies into Versum Materials, Inc.; separation costs of $19.4 in six months ended 31 March 2016, primarily legal and advisory fees. No headcount impact disclosed. | ||||
| 2016-03-31 | restructuring | in_progress | 170 | 2016-01-01 | Americas, EMEA | Industrial Gases -- Americas, Industrial Gases -- EMEA | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cost reduction actions recognized in Q2 FY2016; primarily severance and other benefits. | ||
| 2016-03-31 | restructuring | completed | 2014-09-18 | Global | Corporate and other | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Business realignment and reorganization announced Sept 2014; $8.6M expense recognized in Q2 FY2016 for remaining accrual activity. | |||
| 2016-03-31 | restructuring | in_progress | 170 | Cost Reduction Actions2016 | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2015-12-31 | restructuring | in_progress | 2014-09-18 | Global | Multiple segments including Industrial Gases – Americas, EMEA, Asia, Global, Materials Technologies, and Corporate | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | FY2015 program eliminated approximately 2,000 positions; no new charge in Q1 FY2016. Accrual of $28.1M remained at 31 Dec 2015 with $13.1M cash expenditures during the quarter. | ||||
| 2015-12-31 | divestiture_reduction | announced | 2015-09-16 | Global | Materials Technologies (to become Versum Materials, Inc.) | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Materials Technologies into independent public company Versum Materials; $12.0M separation costs in Q1 FY2016 ($19.5M cumulative since announcement). No headcount disclosed. | |||
| 2015-12-31 | plant_closure | in_progress | 2015-11-01 | United Kingdom | Energy-from-Waste | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Construction of second Tees Valley Energy-from-Waste project suspended in Nov 2015; $14.3M ($11.4M after-tax) incurred to safely suspend activities. No employee count disclosed. | |||
| 2015-12-31 | restructuring | completed | 2,000 | 2014-09-18 | Global | Multiple segments (Industrial Gases, Materials Technologies, Corporate) | USD 208 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Fiscal 2015 charge related to reorganization announced Sept 2014. Severance and other benefits totaled $151.9M related to elimination of approx 2,000 positions. Accrual balance at Dec 31, 2015 was $28.1M. | ||
| 2015-09-30 | restructuring | in_progress | 2,000 | 2014-09-18 | Global | Company-wide — Industrial Gases – Americas, EMEA, Asia, Global; Materials Technologies; Corporate and other | USD 208 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Fiscal 2015 expense under the business realignment and reorganization announced 18 September 2014 and effective 1 October 2014 ($153.2 after-tax). Severance and other benefits of $151.9 related to the elimination of approximately 2,000 positions; asset and contract actions of $55.8 related primarily to a plant shutdown in the Corporate and other segment and product-line exits in Industrial Gases – Global and Materials Technologies. Segment-level charges: Americas $31.7; EMEA $52.2; Asia $10.3; Global $37.0; Materials Technologies $27.6; Corporate and other $48.9. Total accrual of $41.7 remained at 30 September 2015 ($34.5 severance, $7.2 asset actions); $14.0 of the severance charge was reflected in the pension liability. A fourth-quarter fiscal 2014 charge of $12.7 for approximately 50 positions under the same program is prior-year activity and not separately captured. | ||
| 2015-09-30 | divestiture_reduction | announced | 2015-09-16 | 2016-09 | Global (manufacturing operations in North America, Europe, and Asia) | Materials Technologies | USD 8 (millions) | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Board approved a preliminary plan to spin off the Materials Technologies business into a standalone publicly traded company via a distribution intended to be tax-free to the Company and its shareholders. Targeted completion prior to September 2016, subject to customary conditions including regulatory approvals; historical results to be presented as discontinued operations upon completion. The number of employees transferring with the business is not disclosed. Q4 fiscal 2015 legal and other advisory fees of $7.5 were recorded as business separation costs. | ||
| 2015-09-30 | restructuring | in_progress | 2,000 | 2014-09-18 | Global | Company-wide (charges allocated across all six operating segments and Corporate) | USD 208 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2015 charge of $207.7 ($153.2 after-tax, $.71 per share) for the reorganization effective 1 October 2014; severance and other benefits of $151.9 related to elimination of approximately 2,000 positions, and asset/contract actions of $55.8. Accrual of $41.7 remained at 30 September 2015, indicating the program is not complete. Segment charge allocation: Americas $31.7, EMEA $52.2, Asia $10.3, Global $37.0, Materials Technologies $27.6, Corporate and other $48.9. | ||
| 2015-09-30 | plant_closure | in_progress | 2014-09-18 | Global | Corporate and other; Industrial Gases – Global; Materials Technologies | USD 56 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Asset and associated contract actions within the 2015 restructuring charge, covering a plant shutdown in Corporate and other plus product-line exits in Industrial Gases – Global and Materials Technologies. Headcount associated with these asset actions is not separately disclosed; charge is a component of the $207.7 restructuring charge and should not be added to it. | |||
| 2015-09-30 | divestiture_reduction | announced | 2015-09-16 | 2016-09-30 | Global | Materials Technologies | USD 8 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved a preliminary plan to spin off Materials Technologies into a standalone public company via tax-free distribution, targeted for completion prior to September 2016. No workforce reduction quantified; $7.5 of legal and advisory (business separation) costs incurred in Q4 FY2015. Segment represented approximately 21% of consolidated FY2015 sales. | ||
| 2015-09-30 | restructuring | in_progress | 2,000 | 2014-09-18 | Global | Multiple segments (Industrial Gases, Materials Technologies, Corporate) | USD 208 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Business realignment and reorganization effective Oct 1, 2014. Charge includes $151.9M severance/benefits for ~2,000 positions and $55.8M asset/contract actions. Fiscal year 2015 expense was $207.7M. | ||
| 2015-09-30 | restructuring | in_progress | 2,000 | 2014-09-18 | Global | Various segments | USD 208 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Business Realignment and Reorganization announced Sept 2014. Fiscal 2015 expense of $207.7M related to elimination of approx 2,000 positions (severance/benefits $151.9M) and asset/contract actions ($55.8M). Charges allocated across Americas, EMEA, Asia, Global, Materials Technologies, and Corporate segments. | ||
| 2015-09-30 | restructuring | in_progress | 2,000 | Business Realignment And Reorganization | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | |||||
| 2015-06-30 | restructuring | in_progress | 1,500 | 2014-09-18 | Global | Company-wide reorganization across all segments | USD 146 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cumulative positions eliminated during first nine months of fiscal 2015; charge includes $110.3M severance and other benefits plus $35.7M asset and contract actions. Additional charges expected in future periods. | ||
| 2015-06-30 | restructuring | in_progress | 2014-09-18 | Global | Industrial Gases — Global and Materials Technologies (product line exits) | USD 36 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Asset and associated contract actions for exiting product lines; included within the $146.0M total restructuring charge. Headcount impact not separately disclosed. | |||
| 2015-06-30 | acquisition_addition | completed | 2014-12-30 | 2014-12-30 | North America | Industrial Gases — Americas | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired partner's 50% interest in a liquefied industrial gases JV for $22.6M, increasing ownership to 100% and consolidating the JV; headcount added not disclosed. | |||
| 2015-06-30 | other | completed | Chile | Indura S.A. (Industrial Gases — Americas) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | In July 2015 (subsequent event), completed purchase of remaining 30.5% minority interest in Indura S.A. for $278M, funded by commercial paper; headcount impact not disclosed. | |||||
| 2015-06-30 | restructuring | in_progress | 1,500 | 2014-09-18 | Global | Corporate and other; Industrial Gases; Materials Technologies | USD 146 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization announced Sept 2014. YTD 2015 charge of $146.0M includes $110.3M severance and $35.7M asset actions. Elimination of approx 1,500 positions. | ||
| 2015-06-30 | restructuring | in_progress | 1,500 | Business Realignment And Reorganization | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2015-03-31 | restructuring | in_progress | 1,100 | 2014-09-18 | Global | Company-wide (charges allocated across Industrial Gases – Americas/EMEA/Asia/Global, Materials Technologies, and Corporate and other) | USD 88 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months ended 31 March 2015 charge; ~1,100 positions eliminated in the period. Program announced 18 September 2014, effective 1 October 2014; company states further severance charges will continue in future periods. Severance accrual balance was $31.0 at 31 March 2015. | ||
| 2015-03-31 | restructuring | in_progress | 1,100 | 2014-09-18 | Global | Multiple segments (Industrial Gases, Materials Technologies, Corporate) | USD 88 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Reorganization announced Sept 18, 2014. YTD 2015 charges of $87.8M related to elimination of approx 1,100 positions. | ||
| 2015-03-31 | restructuring | in_progress | 1,100 | Business Realignment And Reorganization | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2014-12-31 | restructuring | in_progress | 450 | 2014-09-18 | Global | All segments (charge split: Industrial Gases – Americas $5.1, EMEA $2.6, Asia $2.7, Global $1.3; Materials Technologies $8.1; Corporate and other $12.6) | USD 32 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | First quarter 2015 charge of $32.4 ($21.7 after-tax, or $.10 per share) for eliminating approximately 450 positions under the reorganization announced 18 September 2014; employee counts not broken out by segment, only charges. Company expects ~$50 savings in FY2015 and ~$60 annual savings from FY2016. | ||
| 2014-12-31 | restructuring | completed | 2013-10-01 | 2014-12-31 | Global | Industrial Gases businesses and corporate functions; Electronics Materials asset/contract actions | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining planned actions of the 2013 Plan (originally a $231.6 charge recorded in Q4 2013) were completed in the first quarter of 2015; no employee count disclosed for the remaining actions. Accrual balance was $2.9 at 31 December 2014. | |||
| 2014-12-31 | restructuring | in_progress | 450 | 2014-09-18 | Global | Corporate and other; Industrial Gases; Materials Technologies | USD 32 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of reorganization announced Sept 18, 2014. Charge recognized in Q1 2015 for elimination of approx 450 positions. | ||
| 2014-12-31 | restructuring | in_progress | 450 | Business Realignment And Reorganization | restructuring_footnote f5-10q / no-ai-xblr | Expected positions to be eliminated | |||||
| 2014-09-30 | restructuring | in_progress | 50 | 2014-09-18 | Company-wide | All four reportable segments (Merchant Gases, Tonnage Gases, Electronics and Performance Materials, Equipment and Energy) | USD 13 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Company reorganization (new reporting segments and organizational changes) announced 18 September 2014, effective 1 October 2014. Q4 FY2014 charge of $12.7M covered elimination of approximately 50 positions, allocated by segment: $4.4M Merchant Gases, $4.1M Tonnage Gases, $2.4M Electronics and Performance Materials, $1.8M Equipment and Energy. Additional charges to be recorded in future periods as specific actions are committed; actions taken to date expected to yield ~$10M annual savings from 2015. | ||
| 2014-09-30 | plant_closure | completed | 2012 | Pasadena, Texas, United States | Tonnage Gases (former Polyurethane Intermediates (PUI) business) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Facility shutdown committed in Q4 FY2012 with a $54.6M charge recorded in FY2012 (prior-year action). Business exit completed in Q1 FY2014; dismantlement of the Pasadena PUI production facility completed during FY2014, with dismantlement costs expensed as incurred in the Tonnage Gases segment. Headcount affected not disclosed in this filing. | ||||
| 2014-09-30 | divestiture_reduction | completed | 2012 | Primarily United Kingdom and Ireland | Homecare business (formerly within Merchant Gases; reported as discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Board authorized the Homecare sale in Q2 FY2012; the majority was sold to The Linde Group in FY2012 (prior-year action). The remaining portion was sold in Q1 FY2014 for £6.1 million ($9.8 million). Headcount affected not disclosed in this filing. | ||||
| 2014-09-30 | restructuring | in_progress | 50 | 2014-09-18 | Global | Company-wide; charges allocated to Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy | USD 13 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 50 positions eliminated in Q4 FY2014 as part of a broader reorganization and realignment into new reporting segments effective 1 October 2014; $8.2 after-tax, or $.04 per share. Filer expects about $10 of annual savings from actions taken to date and states additional charges will be recorded in future periods as specific actions are committed. | ||
| 2014-09-30 | divestiture_reduction | completed | 2013-12-31 | United Kingdom and Ireland | Homecare business (previously within Merchant Gases) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Remaining portion of the Homecare business sold in the first quarter of FY2014 for £6.1 million with a $2.4 gain; headcount associated with the disposition is not disclosed. Board authorization to sell occurred in FY2012. | ||||
| 2014-09-30 | plant_closure | completed | 2013-12-31 | United States (Pasadena, Texas) | Polyurethane Intermediates (PUI) business; Tonnage Gases segment | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit from the PUI business was completed in the first quarter of FY2014 and dismantlement of the Pasadena facility was completed during FY2014; the associated $54.6 net charge was recorded in FY2012 and is not repeated here. Headcount affected is not disclosed. | ||||
| 2014-09-30 | restructuring | completed | 50 | 2014-09-18 | Global | All Segments | USD 13 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Announced Sept 18, 2014. Elimination of approximately 50 positions. Charge of $12.7 million incurred in Q4 2014. | ||
| 2014-09-30 | restructuring | completed | 700 | 2013-10-01 | 2015-03-31 | Global | Merchant Gases, Corporate | USD 72 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2013 Plan. Elimination of approximately 700 positions. Severance actions completed in Q1 2015. | |
| 2014-09-30 | restructuring | completed | 50 | 2014-09-18 | Global | Corporate and Segment Functions | USD 13 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Announced Sept 18, 2014; effective Oct 1, 2014. Elimination of approx 50 positions. Charge of $12.7M incurred in Q4 2014. | ||
| 2014-09-30 | restructuring | completed | 700 | 2013-10-01 | 2015-03-31 | Global | Merchant Gases and Corporate | USD 72 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2013 Plan. Elimination of approx 700 positions. Severance actions completed in Q1 2015. Total plan charge $231.6M, of which $71.9M was severance. | |
| 2014-09-30 | restructuring | in_progress | 50 | Charge2014 | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | |||||
| 2014-06-30 | restructuring | in_progress | 2013 | 2014-09-30 | Electronics; Merchant Gases; corporate functions | USD 232 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge recorded in Q4 FY2013 ($157.9 after-tax, $.74/share) for severance, asset and contract actions tied to weak PV/LED markets and weaker Europe/Asia conditions. Severance accrual balance $31.2 at 30 June 2014 after $32.1 of cash expenditures in the YTD period; no employee count disclosed. | |||
| 2014-06-30 | divestiture_reduction | completed | United Kingdom, Ireland | Merchant Gases (Homecare) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining Homecare business sold in Q1 FY2014 for £6.1 million ($9.8) with a $2.4 gain; no headcount impact disclosed. Operations guarantee of up to £20 million (~$34) runs through 2020. | |||||
| 2014-06-30 | restructuring | in_progress | 2013-10-01 | 2014-09-30 | Global | Electronics, Merchant Gases, Corporate | USD 232 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2013 Plan: Actions to align cost structure with market conditions. Includes asset/contract actions in Electronics and severance in Merchant Gases/Corporate. Expected completion by end of fiscal 2014. Employee count not disclosed. | ||
| 2014-03-31 | restructuring | in_progress | 2013-12-31 | 2014-09-30 | Global | Merchant Gases, Electronics, corporate functions | USD 232 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2013 Plan: $231.6 pre-tax charge ($157.9 after-tax). Severance $71.9, asset actions $100.4, contract actions $59.3. No employee headcount disclosed. Severance accrual balance $45.5 at 31 March 2014. | ||
| 2014-03-31 | divestiture_reduction | completed | 2014-01-01 | 2014-03-31 | United Kingdom, Ireland | Homecare business (Merchant Gases) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining Homecare business sold in Q1 2014 for £6.1M ($9.8M); gain of $2.4M recorded. No employee headcount disclosed for the divested operations. | |||
| 2014-03-31 | restructuring | in_progress | 2013-10-01 | 2014-09-30 | Global | Electronics, Merchant Gases, Corporate | USD 232 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2013 Plan: Actions to align cost structure with market conditions. Includes asset/contract actions in Electronics and severance in Merchant Gases/Corporate. Employee count not disclosed. | ||
| 2013-12-31 | restructuring | in_progress | 2014-09-30 | Global | Merchant Gases, corporate functions (severance); Electronics (asset actions) | USD 232 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge recorded in fiscal Q4 2013 ($157.9 after-tax, $.74/share); severance and other benefits component $71.9, asset actions $100.4, contract actions/other $59.3. Accrual rolled from $63.2 at 30 Sep 2013 to $58.6 at 31 Dec 2013 with $4.9 cash expenditures in the quarter. No employee counts disclosed. Severance actions tied to weaker Europe/Asia conditions, reorganization, and senior executive changes; asset actions tied to PV/LED market weakness. | |||
| 2013-09-30 | restructuring | in_progress | 700 | 2013 | 2014-09-30 | Global (driven by weaker business conditions in Europe and Asia) | Primarily Merchant Gases and corporate functions | USD 72 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2013 Plan recorded in fiscal Q4 2013 (exact announcement date not disclosed); approximately 700 positions eliminated plus executive changes. Total plan charge of $231.6 million also includes $100.4 million asset actions and $58.5 million silane take-or-pay contract settlement; segment-level charges: Merchant Gases $61.0, Tonnage Gases $28.6, Electronics and Performance Materials $141.0, Equipment and Energy $1.0. Expected $45 million savings in 2014 and roughly $75 million annually thereafter. | |
| 2013-09-30 | restructuring | in_progress | 700 | 2014-09-30 | Global | Primarily Merchant Gases businesses and corporate functions; charges allocated across all four segments | USD 232 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Recorded in Q4 FY2013; includes $71.9M severance for ~700 positions and executive changes, $100.4M asset actions, and $58.5M final settlement of a take-or-pay silane contract. Expected $45M savings in 2014 and ~$75M annual savings thereafter. Announcement date not specified beyond 'fourth quarter of 2013'. | ||
| 2013-09-30 | plant_closure | in_progress | 2012-06-30 | 2014-09-30 | United States (Pasadena, Texas) | Tonnage Gases (Polyurethane Intermediates / PUI business exit) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | PUI facility dismantling continues in FY2013 with costs expensed as incurred; the $54.6M program charge was recorded in FY2012 (prior year) and is not extracted here. No employee count disclosed. | |||
| 2013-09-30 | acquisition_addition | completed | 2013-04-01 | 2013-04-01 | China (Jiangsu Province) | Merchant Gases | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Wuxi Chem-Gas Company, Ltd. (WCG); headcount added not disclosed. Aggregate purchase price for all three FY2013 acquisitions was $233M net of cash acquired. | |||
| 2013-09-30 | acquisition_addition | completed | 2013-05-31 | 2013-05-31 | United States | Merchant Gases | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of EPCO Carbon Dioxide Products, Inc., largest independent U.S. liquid CO2 producer; headcount added not disclosed. | |||
| 2013-09-30 | acquisition_addition | completed | 2013-08-30 | 2013-08-30 | China (Guiyang) | Tonnage Gases and Merchant Gases | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of an air separation unit and integrated gases liquefier; headcount added not disclosed. | |||
| 2013-09-30 | restructuring | in_progress | 700 | 2013-10-01 | 2014-09-30 | Global | Merchant Gases, Corporate Functions, Electronics | USD 232 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Fourth quarter 2013 expense of $231.6 million ($157.9 million after-tax) reflecting actions to align cost structure. Includes $71.9 million for severance/benefits associated with elimination of approximately 700 positions. Actions expected to be completed by end of fiscal year 2014. | |
| 2013-09-30 | restructuring | in_progress | 600 | 2012-04-01 | 2013-06-30 | Europe | Merchant Gases, Tonnage Gases, Electronics and Performance Materials | USD 87 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Second quarter 2012 charge for actions to remove stranded costs from exiting Homecare business, reorganizing Merchant business, and right-sizing European cost structure. Includes severance and asset write-downs. Expected to provide $60M in annual savings by end of 2013. | |
| 2013-09-30 | plant_closure | completed | 2012-10-01 | 2013-09-30 | United States | Tonnage Gases | USD 55 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Fourth quarter 2012 actions in Polyurethane Intermediates (PUI) business. Pasadena, Texas facility permanently closed and dismantled. Charge includes asset write-downs, contract terminations, and environmental liability. Employee count not explicitly disclosed. | ||
| 2013-09-30 | restructuring | completed | 2012-10-01 | 2012-09-30 | Global | Electronics and Performance Materials | USD 186 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Fourth quarter 2012 assessment of position in photovoltaic (PV) market. Charge related to expected loss on purchase commitments, disposal of assets, inventory write-downs, and receivable write-downs. Employee count not explicitly disclosed. | ||
| 2013-09-30 | restructuring | in_progress | 700 | 2013-09-30 | 2014-09-30 | Global | Merchant Gases, Corporate Functions, Electronics | USD 72 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Fourth quarter 2013 plan. Charge includes severance, benefits, and other contractual obligations associated with elimination of approximately 700 positions and executive changes. Actions expected to be completed by end of fiscal year 2014. | |
| 2013-09-30 | restructuring | in_progress | USD 231,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2013-09-30 | restructuring | in_progress | Plan2013 | USD 231,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Plan2013 / Contract Termination / Photovoltaic Market Actions | USD 58,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | 700 | Plan2013 / Severance And Other Benefits | USD 71,900,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | Expected positions to be eliminated | ||||
| 2013-09-30 | restructuring | in_progress | Plan2013 / Asset Actions | USD 100,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Plan2013 / Merchant Gases | USD 61,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Plan2013 / Tonnage Gases | USD 28,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Plan2013 / Electronics And Performance Materials | USD 141,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Plan2013 / Equipment And Energy | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Plan2013 / Contract Termination | USD 59,300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-06-30 | acquisition_addition | completed | 2013-05-31 | United States | Merchant Gases | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of EPCO Carbondioxide Products, Inc.; no headcount disclosed | ||||
| 2013-06-30 | acquisition_addition | completed | 2013-04-01 | China | Merchant Gases | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Wuxi Chem-Gas Company, Ltd.; no headcount disclosed | ||||
| 2013-06-30 | divestiture_reduction | announced | 2013-09-30 | United Kingdom, Ireland | Merchant Gases (Homecare) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining Homecare business actively being marketed; sale expected by end of fiscal 2013; no headcount disclosed | ||||
| 2013-06-30 | plant_closure | in_progress | 2012-09-30 | 2014-09-30 | United States (Pasadena, Texas) | Tonnage Gases (Polyurethane Intermediates) | USD 55 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | PUI production facility being dismantled; charge from Q4 2012; no employee count disclosed | ||
| 2013-06-30 | acquisition_addition | completed | 2013-05-31 | United States | Merchant Gases | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired EPCO Carbondioxide Products, Inc. on May 31, 2013. Employee count not disclosed. | ||||
| 2013-06-30 | acquisition_addition | completed | 2013-04-01 | China | Merchant Gases | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired Wuxi Chem-Gas Company, Ltd. on April 1, 2013. Employee count not disclosed. | ||||
| 2013-06-30 | restructuring | in_progress | 2012-10-01 | 2014-09-30 | United States | Tonnage Gases | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | PUI production facility in Pasadena, Texas is being dismantled with completion expected in fiscal year 2014. Costs expensed as incurred. | |||
| 2013-06-30 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2013-03-31 | restructuring | completed | 600 | 2012-04-01 | 2013-06-30 | Europe | Merchant Gases, Tonnage Gases, Electronics and Performance Materials | USD 81 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Actions to remove stranded costs from Homecare exit, Merchant reorganization, and European cost right-sizing. Charge included $80.8M for severance/other costs for ~600 positions and $6.0M asset write-down. Planned actions substantially completed as of March 31, 2013; majority of remaining severance to be paid in Q3 FY2013. | |
| 2013-03-31 | plant_closure | in_progress | 2012-10-01 | 2014-09-30 | United States | Tonnage Gases (Polyurethane Intermediates) | USD 55 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent closure of PUI production facility in Pasadena, Texas. Net expense of $54.6M recognized in Q4 FY2012. Facility currently being dismantled, with completion expected in fiscal year 2014. | ||
| 2013-03-31 | restructuring | completed | 2012-10-01 | Global | Electronics and Performance Materials | USD 186 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Assessment of position in photovoltaic (PV) market. Charge of $186.0M primarily related to Electronics and Performance Materials segment, including $93.5M for offer to terminate long-term take-or-pay silane contract, asset disposals, and inventory write-downs. | |||
| 2013-03-31 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2012-12-31 | restructuring | in_progress | 600 | 2013-03-31 | Merchant Gases; Tonnage Gases; Electronics and Performance Materials | USD 87 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge recorded in second quarter of fiscal 2012 (outside current quarter); severance and other costs tied to eliminating approximately 600 positions, plus asset write-downs; actions to remove stranded costs from Homecare exit, Merchant reorganization, and European right-sizing; planned actions expected substantially complete by end of fiscal Q2 2013 | |||
| 2012-12-31 | plant_closure | in_progress | United States (Pasadena, Texas) | Polyurethane Intermediates (reported in Tonnage Gases segment) | USD 55 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Actions completed in fourth quarter of fiscal 2012 (three months ended 30 September 2012); charge is net of $32.7 cash proceeds from asset sale; PUI facility to be permanently closed and dismantled, completion expected fiscal 2014; no employee count disclosed | ||||
| 2012-12-31 | restructuring | in_progress | Electronics and Performance Materials | USD 186 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Photovoltaic market assessment completed in fourth quarter of fiscal 2012 (three months ended 30 September 2012); includes $93.5 offer to terminate a long-term take-or-pay silane contract, asset disposals, inventory and receivable write-downs; no employee count disclosed | |||||
| 2012-12-31 | acquisition_addition | completed | 2012-07-01 | Chile | Merchant Gases | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of controlling interest in Indura S.A. closed 1 July 2012 with additional interest acquired 3 July 2012; 100% of results consolidated; headcount added not disclosed | ||||
| 2012-12-31 | divestiture_reduction | completed | 2012-01-08 | 2012-04-30 | Belgium, Germany, France, Portugal, Spain | Merchant Gases (Homecare business) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to The Linde Group closed 30 April 2012; remaining Homecare operations in UK and Ireland still being marketed with sale expected by end of fiscal 2013; headcount removed not disclosed | |||
| 2012-12-31 | restructuring | in_progress | 600 | 2012-06-30 | 2013-06-30 | Europe | Merchant Gases, Tonnage Gases, Electronics and Performance Materials | USD 81 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge recorded in Q2 2012 for actions to remove stranded costs from Homecare exit, Merchant reorganization, and European cost structure right-sizing. Includes severance for approx. 600 positions. | |
| 2012-12-31 | plant_closure | in_progress | 2012-12-31 | 2014-09-30 | United States | Polyurethane Intermediates (PUI) | USD 55 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Permanent closure of PUI production facility in Pasadena, Texas. Dismantling expected to complete in fiscal year 2014. Employee count not explicitly disclosed for this specific action. | ||
| 2012-09-30 | restructuring | in_progress | 600 | 2013-03-31 | Primarily Europe | Merchant Gases (charge $77.3M); Tonnage Gases ($3.8M); Electronics and Performance Materials ($5.7M) | USD 87 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Q2 FY2012 cost reduction plan to remove stranded costs from the Homecare exit, reorganize the Merchant business, and right-size the European cost structure. Includes $80.8M of severance and other costs tied to eliminating approximately 600 positions and $6.0M of asset write-downs ($60.6M after-tax). Planned actions expected complete by the end of Q2 FY2013, with roughly $60M of annual savings expected. | ||
| 2012-09-30 | plant_closure | completed | Pasadena, Texas, United States | Polyurethane Intermediates (PUI) — Tonnage Gases | USD 55 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Q4 FY2012 actions to exit PUI costs enabled permanent closure of the Pasadena production facility ($34.8M after-tax). Components per rollforward: $26.6M asset actions, $2.7M severance, $6.5M contract actions, $18.8M other. Certain assets and supply-contract rights sold for $32.7M cash. Facility dismantling expected in FY2013. Headcount affected not disclosed. | ||||
| 2012-09-30 | restructuring | completed | Photovoltaic (PV) business — Electronics and Performance Materials (primarily) | USD 186 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Q4 FY2012 assessment of the PV market position resulted in a $186.0M charge ($127.0M after-tax). No severance or headcount reduction is disclosed; components were a $93.5M offer to terminate a long-term silane take-or-pay contract, $34.7M asset actions, and $57.8M other costs (inventory and receivable write-downs, purchase-commitment losses). | |||||
| 2012-09-30 | divestiture_reduction | completed | 2012-01-08 | 2012-04-30 | Belgium, Germany, France, Portugal, Spain | Homecare business (formerly within Merchant Gases) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of the European Homecare operations to The Linde Group closed 30 April 2012 for €590M ($777M) proceeds, producing a $207.4M gain. This business represented roughly 80% of total Homecare revenues. Headcount affected is not disclosed. | |||
| 2012-09-30 | divestiture_reduction | announced | 2012-01 | 2012-12-31 | Primarily United Kingdom and Ireland | Homecare business (formerly within Merchant Gases) | USD 34 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Remaining Homecare operations, principally UK and Ireland, were still being actively marketed at filing, with a hoped-for close before end of calendar 2012. A Q3 FY2012 impairment of $33.5M ($29.5M after-tax) wrote the remaining business down to estimated net realizable value. Headcount affected is not disclosed. | ||
| 2012-09-30 | acquisition_addition | completed | 2012-07-01 | South America (operations in Argentina, Chile, Colombia, Ecuador, Peru) | Merchant Gases | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired a 51.8% controlling interest in Indura S.A. on 1 July 2012 and an additional 13.0% on 3 July 2012 for cash consideration of CLP345.5B ($690M) plus assumed debt of CLP113.8B ($227M). Indura results consolidated from acquisition date; headcount added is not disclosed. The year-end employee figure includes majority-owned subsidiaries. | ||||
| 2012-09-30 | acquisition_addition | completed | 2012-04-02 | Electronics and Performance Materials | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired E.I. du Pont de Nemours' 50% interest in the DA NanoMaterials joint venture (definitive agreement 29 February 2012); closed 2 April 2012 for $158M ($147M net of cash) and consolidated beginning Q3 FY2012. Headcount added is not disclosed. | |||||
| 2012-09-30 | restructuring | in_progress | 600 | 2013-03-31 | Europe | Merchant Gases, Tonnage Gases, and Electronics and Performance Materials | USD 87 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Second quarter of fiscal 2012 cost reduction plan: elimination of approximately 600 positions plus asset write-downs, to remove stranded costs from the Homecare exit, reorganize the Merchant business, and right-size European costs. Charge by segment: $77.3 Merchant Gases, $3.8 Tonnage Gases, $5.7 Electronics and Performance Materials. Expected annual savings of approximately $60 by end of 2013. Actions expected complete by end of second quarter of fiscal 2013. | ||
| 2012-09-30 | plant_closure | completed | 2013-09-30 | United States (Pasadena, Texas) | Tonnage Gases (Polyurethane Intermediates) | USD 55 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fourth quarter of fiscal 2012 PUI business actions: sale of certain assets and supply-contract rights for $32.7 cash, permanent closure of the Pasadena, Texas PUI production facility. Charge net of proceeds; includes $26.6 asset write-down plus contract terminations and environmental liability. Facility dismantling expected to complete in fiscal 2013. Headcount impact not disclosed. | |||
| 2012-09-30 | restructuring | in_progress | Global | Electronics and Performance Materials (photovoltaic market) | USD 186 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fourth quarter of fiscal 2012 PV market actions: $93.5 charge on an offer to terminate a long-term take-or-pay silane supply contract (no settlement reached as of filing), plus expected purchase-commitment losses, asset disposals, and inventory/receivable write-downs. Headcount impact not disclosed. | ||||
| 2012-09-30 | divestiture_reduction | completed | 2012-01-08 | 2012-04-30 | Belgium, Germany, France, Portugal, and Spain | Homecare business (previously Merchant Gases) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of the European Homecare business to The Linde Group closed 30 April 2012 for EUR590 million ($777) cash; represented approximately 80% of total Homecare revenues. Remaining Homecare business (primarily United Kingdom and Ireland) actively being marketed, with a $33.5 impairment charge recorded in the third quarter of fiscal 2012 to write it down to net realizable value. Headcount associated with the divestiture not disclosed. | |||
| 2012-09-30 | acquisition_addition | completed | 2012-07-01 | South America (Argentina, Chile, Colombia, Ecuador, Peru) | Merchant Gases | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 64.8% controlling interest in Indura S.A. (51.8% on 1 July 2012 plus 13.0% on 3 July 2012) for CLP345.5 billion ($690) cash plus assumed debt of $227; 100% of results consolidated. Indura operates at over 160 properties in South America. Headcount added not disclosed; Indura contributed $140.0 of sales and $1,747 million of total assets. | ||||
| 2012-09-30 | acquisition_addition | completed | 2012-02-29 | 2012-04-02 | United States | Electronics and Performance Materials | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired DuPont's 50% interest in DA NanoMaterials for $158 ($147 net of cash); consolidated from the third quarter of fiscal 2012. Headcount added not disclosed. | |||
| 2012-09-30 | acquisition_addition | completed | 2012-05-29 | Saudi Arabia | Merchant Gases (equity affiliate) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchased 25% of Abdullah Hashim Industrial Gases & Equipment Co. Ltd. for SAR581.3 million ($155); recorded as an equity-method investment, not consolidated. Headcount impact not disclosed. | ||||
| 2012-09-30 | restructuring | completed | 600 | 2012-04-01 | 2013-06-30 | Europe, United States | Merchant Gases, Tonnage Gases, Electronics and Performance Materials | USD 87 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Actions to remove stranded costs from Homecare exit, Merchant reorganization, and European cost right-sizing. Charge includes $80.8M for severance/other costs for ~600 positions and $6.0M for asset write-downs. Expected to provide ~$60M in annual savings by end of 2013. | |
| 2012-09-30 | plant_closure | completed | 2012-07-01 | 2013-09-30 | United States | Tonnage Gases | USD 55 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Permanent closure of PUI production facility in Pasadena, TX. Charge includes $26.6M for net book value of assets sold/disposed and remaining charge for contract terminations/environmental liability. Employee count not explicitly disclosed for this specific action. | ||
| 2012-09-30 | restructuring | in_progress | 600 | USD 327,400,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Polyurethane Intermediates Business Actions | USD 54,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Photovoltaic Market Actions | USD 186,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Restructuring Charges | USD 86,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Restructuring Charges / Merchant Gases | USD 77,300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Restructuring Charges / Tonnage Gases | USD 3,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Restructuring Charges / Electronics And Performance Materials | USD 5,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Contract Termination / Photovoltaic Market Actions | USD 93,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Other Restructuring | USD 76,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Severance And Other Benefits | USD 83,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Severance And Other Benefits / Restructuring Charges | USD 80,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Severance And Other Benefits / Polyurethane Intermediates Business Actions | USD 2,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Severance And Other Benefits / Photovoltaic Market Actions | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Asset Actions / Restructuring Charges | USD 6,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Asset Actions / Polyurethane Intermediates Business Actions | USD 26,600,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Asset Actions / Photovoltaic Market Actions | USD 34,700,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Contract Termination / Polyurethane Intermediates Business Actions | USD 6,500,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Contract Termination / Restructuring Charges | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Other Restructuring / Restructuring Charges | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Other Restructuring / Polyurethane Intermediates Business Actions | USD 18,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Other Restructuring / Photovoltaic Market Actions | USD 57,800,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Asset Actions | USD 67,300,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | Contract Termination | USD 100,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | 600 | 2013-06-30 | Europe (primarily) | Merchant Gases; Tonnage Gases; Electronics and Performance Materials | USD 87 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated during the quarter ended 31 March 2012; no specific announcement date given. Elimination of approximately 600 positions; charge comprises $80.8 severance/other and $6.0 asset write-downs. Charge by segment: Merchant Gases $77.3, Tonnage Gases $3.8, Electronics and Performance Materials $5.7. Includes removal of stranded costs from the Homecare exit and right-sizing of European operations; expected annual savings of $60 by end of 2013. | ||
| 2012-06-30 | divestiture_reduction | completed | 2012-01-08 | 2012-04-30 | Belgium, Germany, France, Portugal, Spain | Homecare business (previously Merchant Gases segment) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of approximately 80% of Homecare business revenues to The Linde Group; closed 30 April 2012 for EUR590 million ($777). Headcount removed not disclosed. | |||
| 2012-06-30 | divestiture_reduction | announced | 2012-01-08 | 2012-12-31 | United Kingdom | Homecare business (remaining portion) | USD 34 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining Homecare business actively being marketed; sale expected to close before end of calendar 2012. A $33.5 impairment charge ($29.5 after-tax) was recorded in Q3 FY2012 to write the business down to net realizable value. Headcount not disclosed. | ||
| 2012-06-30 | acquisition_addition | completed | 2012-02-29 | 2012-04-02 | Electronics and Performance Materials | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of DuPont's 50% interest in DuPont Air Products NanoMaterials LLC for $158 ($147 net of cash); closed 2 April 2012 and consolidated from Q3 FY2012. Headcount added not disclosed. | ||||
| 2012-06-30 | acquisition_addition | completed | 2012-07-01 | Chile / South America | Merchant Gases | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 51.8% controlling interest on 1 July 2012 plus an additional 13.0% on 3 July 2012; cash consideration CLP345.9 billion ($699) plus assumed debt of $196. Indura is the largest independent industrial gas company in South America with 2011 revenues of approximately $480. Headcount added not disclosed; purchase price allocation pending. | ||||
| 2012-06-30 | restructuring | in_progress | 600 | 2012-03-31 | 2013-06-30 | Global, particularly Europe | Merchant Gases, Tonnage Gases, Electronics and Performance Materials | USD 87 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charge includes $80.8M for severance and other benefits associated with elimination of ~600 positions; $6.0M for asset write-downs. Expected completion by end of Q2 FY2013. | |
| 2012-06-30 | restructuring | in_progress | Merchant Gases | USD 77,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | Tonnage Gases | USD 3,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | Electronics And Performance Materials | USD 5,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | 600 | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | restructuring | in_progress | 600 | Primarily Europe | Merchant Gases ($77.3 charge), Tonnage Gases ($3.8), Electronics and Performance Materials ($5.7) | USD 87 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Initiated in Q2 FY2012; charge of $86.8 pre-tax ($60.6 after-tax, $0.28/share), of which $80.8 is severance and other benefits and $6.0 is asset write-downs. Eliminates approximately 600 positions; includes stranded costs from exiting the Homecare business and right-sizing European operations. Planned actions expected to complete within twelve months; $60 of annual savings targeted by end of 2013. Accrual balance at 31 March 2012 was $66.4. No specific announcement date or completion date stated in filing. | |||
| 2012-03-31 | restructuring | in_progress | 600 | 2012-03-31 | 2013-03-31 | Global, particularly Europe | Merchant Gases, Tonnage Gases, Electronics and Performance Materials | USD 87 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in Q2 2012. Includes severance for ~600 positions and $6.0M asset write-down. Expected to complete within 12 months. | |
| 2012-03-31 | restructuring | in_progress | 600 | USD 86,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | restructuring | in_progress | Electronics And Performance Materials [Member] | USD 5,700,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | restructuring | in_progress | Merchant Gases [Member] | USD 77,300,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-03-31 | restructuring | in_progress | Tonnage Gases [Member] | USD 3,800,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2011-09-30 | restructuring | completed | 2,550 | 2008-12-31 | 2011-09-30 | Global | All four reportable segments | USD 298 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Cumulative program-level disclosure; charges and position eliminations were recognized in fiscal 2009, not fiscal 2011. Plan announced in fiscal Q1 2009 (quarter ended 31 December 2008), with additional actions committed in fiscal Q3 2009. Total charge of $298.2 comprised $210.0 of severance and other benefits tied to eliminating approximately 2,550 positions plus $88.2 for business exits and asset management actions. Segment-level charge split: Merchant Gases $134.7; Tonnage Gases $14.2; Electronics and Performance Materials $89.5; Equipment and Energy $59.8. This FY2011 10-K confirms all planned actions were completed as of 30 September 2011, with the residual $1.9 severance accrual paid out during fiscal 2011. | |
| 2011-09-30 | restructuring | completed | 2,550 | 2009-01-01 | 2011-09-30 | Global | All Segments | USD 298 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Global cost reduction plan announced in Q1 2009. Total charge of $298.2 million in 2009 included $210.0 million for severance and other benefits associated with the elimination of approximately 2,550 positions. As of 30 September 2011, the planned actions associated with the global cost reduction plan were completed. | |
| 2011-09-30 | restructuring | completed | 2,550 | 2009-01-01 | 2011-09-30 | Global | Various segments | USD 298 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan announced in Q1 2009. Included elimination of approximately 2,550 positions. Plan completed as of September 30, 2011. | |
| 2010-09-30 | restructuring | completed | 2,550 | 2009 | Global | Overhead and infrastructure, technology and business development, plant operating costs; business exits and asset management actions | USD 210 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Cumulative program figures. Plan announced in the first quarter of fiscal 2009 (Q1 FY2009 charge $174.2M; Q3 FY2009 charge $124.0M; total plan charge $298.2M, of which $88.2M for business exits and asset management actions). Approximately 2,550 positions eliminated from the global workforce. Filer states the planned actions were substantially completed as of 30 September 2010, except certain benefit payments for a small number of remaining position eliminations, with sale of one facility anticipated by end of calendar 2010. Fiscal 2010 activity included a $1.0M net charge adjustment and $103.0M of cash expenditures. FY2009 charge by segment: Merchant Gases $134.7M, Tonnage Gases $14.2M, Electronics and Performance Materials $89.5M, Equipment and Energy $59.8M. | ||
| 2010-09-30 | restructuring | completed | 2,550 | 2009 | 2010-09-30 | Global | All segments | USD 298 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative program figures as presented: approximately 2,550 positions eliminated with a $210.0 million severance component of the $298.2 million total charge, recorded in fiscal 2009. Fiscal 2010 activity was a net $1.0 million adjustment to the charge plus $103.0 million of cash spend; program substantially completed as of 30 September 2010, with only certain benefit payments outstanding. | |
| 2010-09-30 | acquisition_addition | completed | 2010-03-01 | France | Merchant Gases | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company purchased 51.47% of the French SAGA group on 1 March 2010; headcount added not disclosed. Remaining shares (fixed price of approximately $61 million) expected to be purchased by end of calendar year 2010 under a put/call structure. | ||||
| 2010-09-30 | restructuring | completed | 2,550 | 2009-01-01 | 2010-09-30 | Global | Global Cost Reduction Plan | USD 210 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Plan announced in Q1 2009. Charge of $210.0 million for severance and other benefits associated with elimination of approx. 2,550 positions. Actions substantially completed by FY2010 year-end. | |
| 2010-09-30 | restructuring | completed | 2,550 | 2009-01-01 | 2010-09-30 | Global | Various segments | USD 298 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan announced in Q1 2009. Included elimination of approximately 2,550 positions. Plan substantially completed as of Sept 30, 2010. | |
| 2010-06-30 | restructuring | in_progress | 2010-12-31 | Global | Multiple segments | USD 298 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced in fiscal 2009; total charge of $298.2M recognized in fiscal 2009 (not current period). Substantially completed as of 2010-06-30 with $16.0M accrual remaining; remaining benefit payments expected in Q4 2010 and facility sale by end of calendar 2010. No employee count disclosed. | |||
| 2010-06-30 | acquisition_addition | completed | France | Merchant Gases | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired 51.47% of French SAGA group shares on 2010-03-01 for €34.5M ($47.2M); remaining shares expected to be purchased November 2010. No headcount disclosed. | |||||
| 2010-06-30 | restructuring | in_progress | 2009-07-01 | 2010-12-31 | Global | Global | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining accrual of $16.0 million for severance and other benefits as of June 30, 2010. Plan substantially completed except for certain benefit payments and finalization of facility sale. | ||
| 2010-06-30 | acquisition_addition | completed | 2010-03-01 | 2010-03-01 | France | Merchant Gases | USD 47 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired 51.47% of SAGA group on March 1, 2010 for $47.2 million. Employee count not disclosed. | ||
| 2010-03-31 | restructuring | completed | 2009 | 2010-09-30 | Global | All segments | USD 43 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accrual balance at 31 March 2010; original charges of $174.2M (Q1 2009) and $124.0M (Q3 2009). Planned actions substantially complete except small number of position-elimination benefit payments due Q3 2010. No employee count disclosed. | ||
| 2010-03-31 | acquisition_addition | in_progress | 2010-02 | 2011-02-04 | United States | Not specified | USD 23 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tender offer at $60.00/share for Airgas; total transaction value ~$7B. $23.4M acquisition-related costs recognized in Q2 2010. No headcount disclosed. Total transaction costs expected $150–200M. | ||
| 2010-03-31 | acquisition_addition | in_progress | 2010-03-01 | 2010-11 | France | Merchant Gases | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 51.47% of French SAGA group acquired 1 March 2010 for $47.2M; remaining shares expected November 2010. SAGA 2009 revenues ~$35M. No headcount disclosed. | |||
| 2010-03-31 | restructuring | in_progress | 2009-01-01 | 2010-09-30 | Global | Various | USD 43 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrual balance of $42.6 million as of March 31, 2010. Plan substantially completed except for certain benefit payments associated with a small number of position eliminations expected in Q3 2010. No specific employee count disclosed for remaining actions. | ||
| 2009-12-31 | restructuring | in_progress | 2009-01-01 | 2010-06-30 | Global | Multiple segments | USD 0 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program includes position eliminations and benefit payments; no employee count disclosed. Prior charges of $174.2M (Q1 FY2009) and $124.0M (Q3 FY2009); no new charge this quarter, only an offsetting estimate adjustment. Remaining actions expected to complete in Q2 FY2010. | ||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-12-31 | United States — Paulsboro, New Jersey | Production facility | USD 16 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of Paulsboro, NJ production facility completed December 2009; $16.0M environmental liability recognized in Q1 FY2009. No headcount associated with the closure disclosed. | ||
| 2009-12-31 | restructuring | in_progress | 2009-01-01 | 2010-06-30 | Global | Global | USD 174 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | First quarter 2009 charge of $174.2 million for global cost reduction plan. Majority of actions completed; remaining position eliminations expected to complete in Q2 2010. Employee count not disclosed. | ||
| 2009-12-31 | plant_closure | completed | 2009-01-01 | 2009-12-31 | New Jersey, USA | Tonnage Gases | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of Paulsboro, NJ production facility completed in Dec 2009. $16.0 million environmental liability recognized. Employee count not disclosed. | ||
| 2009-12-31 | plant_closure | in_progress | 2009-12-31 | Europe | Equipment and Energy | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs to close a European manufacturing facility. Employee count and charge amount not disclosed. | ||||
| 2009-12-31 | restructuring | in_progress | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2009-09-30 | restructuring | in_progress | 2,550 | 12% | 2008 | 2010-09-30 | Global | Company-wide (Merchant Gases; Tonnage Gases; Electronics and Performance Materials; Equipment and Energy) | USD 298 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan announced in fiscal Q1 2009 (charge $174.2); additional actions committed in fiscal Q3 2009 (charge $124.0). $210.0 of the charge is severance and other benefits, including pension costs, for the position eliminations; $88.2 is business exits and asset management actions, including a $16.0 environmental liability from a decision to sell the Paulsboro, NJ production facility. Segment split of charge: Merchant Gases $134.7; Tonnage Gases $14.2; Electronics and Performance Materials $89.5; Equipment and Energy $59.8. MD&A cites about 12% of the global workforce; 2,550 is ~13.5% of fiscal 2009 year-end headcount of 18,900, implying the 12% base predates the reductions. Company states actions expected substantially completed within one year of charge recognition, i.e., in fiscal 2010. |
| 2009-09-30 | plant_closure | in_progress | 2009 | USD 10 (millions) | MD&A f5-10k / GLM-5.3-flash-HTML | Fiscal Q3 2009 (April–June 2009) asset-actions charge consisting of closure of certain manufacturing facilities; reflected in cost of sales. Combined with a $22.2 customer bankruptcy charge into a $32.1 total ($21.0 after-tax). Workforce impact and completion timing not disclosed. | |||||
| 2009-09-30 | divestiture_reduction | completed | 2008-07 | 2009-09-30 | United States | U.S. Healthcare (reported as discontinued operations) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Board authorized pursuit of the sale in July 2008; disposal completed during fiscal 2009 via sales to OptionCare Enterprises (a Walgreen Co. subsidiary) and Landauer-Metropolitan for $38.1 in Q3, and to Rotech Healthcare and LMI for $12.1 in Q4, for fiscal 2009 proceeds of $51.0. Employees affected not disclosed; the fiscal 2009 year-end headcount includes discontinued operations employees. | |||
| 2009-09-30 | acquisition_addition | completed | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Fiscal 2009 acquisitions totaled $32.7 (consideration, less cash acquired), principally S.I.Q. – Beteiligungs GmbH, a manufacturer of epoxy additives. Headcount added not disclosed; acquisition closed during fiscal 2009. | |||||||
| 2009-09-30 | restructuring | in_progress | 2,550 | 2010-09-30 | Global | All segments | USD 298 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program announced in fiscal Q1 2009 with additional actions committed in fiscal Q3 2009; charges of $174.2M and $124.0M respectively. Severance and other benefits of $210.0M relate to the ~2,550 position eliminations; remaining $88.2M covers business exits and asset management actions. MD&A describes the reductions as about 12% of the global workforce. Planned actions expected substantially complete within one year of the related charges. | ||
| 2009-09-30 | plant_closure | completed | United States | Other / manufacturing facilities | USD 10 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charge recorded in fiscal Q3 2009 for closure of certain manufacturing facilities, reported alongside a $22.2M customer bankruptcy receivable write-off (combined $32.1M, $21.0M after-tax). Headcount affected not disclosed. | ||||
| 2009-09-30 | divestiture_reduction | completed | 2009-09-30 | United States | U.S. Healthcare (discontinued operations) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Disposal completed during fiscal 2009 through sales to OptionCare Enterprises (Walgreen Co.), Landauer-Metropolitan and Rotech Healthcare for combined cash proceeds of $51.0M. Headcount removed not disclosed. | ||||
| 2009-09-30 | acquisition_addition | completed | Not disclosed | Electronics and Performance Materials (epoxy additives) | USD 33 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Total 2009 acquisitions of $32.7M, principally S.I.Q. — Beteiligungs GmbH, a manufacturer of epoxy additives. Value shown is total acquisition consideration, not a charge. Employees added not disclosed. | ||||
| 2009-09-30 | plant_closure | in_progress | United States | Paulsboro, New Jersey production facility | USD 16 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | In fiscal Q1 2009 management committed to a plan to sell the Paulsboro, NJ production facility and recognized a $16.0M environmental liability. Investigation/remediation expected to take at least several years. Headcount affected not disclosed. | ||||
| 2009-09-30 | restructuring | completed | 2,550 | 12% | 2009-01-01 | 2010-09-30 | Global | All Segments | USD 298 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2009 global cost reduction plan. Charge of $298.2 million ($200.3 million after-tax). Included $210.0 million for severance and other benefits associated with elimination of approximately 2,550 positions (about 12% of global workforce). Planned actions expected to be completed in fiscal 2010. |
| 2009-09-30 | restructuring | in_progress | 2,550 | 12% | 2009-01-01 | 2010-09-30 | Global | All Segments | USD 298 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan announced in Q1 2009 with additional actions in Q3 2009. Includes severance and business exits. Expected to be completed in fiscal 2010. |
| 2009-09-30 | restructuring | in_progress | USD 298,200,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2009-06-30 | restructuring | in_progress | 1,400 | 2009-12-31 | Global | Global workforce; overhead, infrastructure, technology and business development, plant operations | USD 174 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced during the first quarter ended 31 December 2008; exact announcement date not disclosed. Charge of $174.2 total, including $120.0 for severance and pension-related costs; remainder for business exits, asset write-downs, and a $16.0 environmental liability. Expected substantially complete by end of first quarter of fiscal 2010. | ||
| 2009-06-30 | restructuring | in_progress | 1,150 | 2010-06-30 | Global | Global workforce; cost reduction, productivity, closure of certain manufacturing facilities | USD 124 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Committed during the third quarter ended 30 June 2009 due to slow economic recovery; exact announcement date not disclosed. Charge of $124.0 total ($84.2 after-tax), including $90.0 for severance and other benefits and $34.0 asset impairment of assets held for sale. Expected substantially complete by end of third quarter of fiscal 2010. Segment charge split: Merchant Gases $43.5, Tonnage Gases $3.1, Electronics and Performance Materials $20.6, Equipment and Energy $56.8 (charges only; no per-segment headcount disclosed). | ||
| 2009-06-30 | plant_closure | in_progress | Not specified | Certain manufacturing facilities | USD 10 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge of $9.9 for closure of certain manufacturing facilities, reflected in cost of sales; combined with a $22.2 customer bankruptcy receivable write-off for a total charge of $32.1 ($21.0 after-tax). No employee count disclosed for the closures. | ||||
| 2009-06-30 | restructuring | in_progress | 1,150 | 2009-06-30 | 2010-06-30 | Global | Global workforce | USD 124 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Third quarter 2009 charge for global cost reduction plan. Includes $90.0M for severance/benefits and $34.0M for asset impairments. Expected completion by end of Q3 FY2010. | |
| 2009-06-30 | restructuring | in_progress | 1,400 | 2008-12-31 | 2009-12-31 | Global | Global workforce | USD 174 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | First quarter 2009 charge for global cost reduction plan. Includes $120.0M for severance/pension costs and $54.2M for business exits/asset management. Expected completion by end of Q1 FY2010. | |
| 2009-06-30 | restructuring | in_progress | USD 298,200,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2009-03-31 | restructuring | in_progress | 1,400 | 7% | 2008-12-31 | 2010-03-31 | Global | Merchant Gases; Tonnage Gases; Electronics and Performance Materials; Equipment and Energy | USD 174 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced during the fiscal first quarter ended 31 December 2008 (no specific announcement date given; date shown is quarter end). Charge of $174.2 total, of which $120.0 is severance and pension-related costs and $54.2 is business exits and asset management actions; after-tax charge $116.1 ($.55 per share). Approximately 1,400 positions, about seven percent of global workforce. Charge excluded from segment operating profit; segment charge split: Merchant Gases $91.2, Tonnage Gases $11.1, Electronics and Performance Materials $68.9, Equipment and Energy $3.0 (charge amounts only — no per-segment headcount counts disclosed). Accrual balance at 31 March 2009 was $87.1. Actions expected substantially complete by end of fiscal Q1 2010; cost savings of $50 expected in 2009 and $125 in 2010. |
| 2009-03-31 | divestiture_reduction | announced | 2009-04-01 | 2009-09-30 | United States | U.S. Healthcare business (discontinued operations) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | In April 2009 (after quarter end; exact day not disclosed, date shown is month start) the Company signed a contract to divest approximately half of its remaining U.S. Healthcare business and expects to conclude sale of the remaining portions during 2009. No employee count associated with the divestiture is disclosed. | |||
| 2009-03-31 | restructuring | in_progress | 1,400 | 7% | 2008-12-31 | 2010-03-31 | Global | Global | USD 174 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan announced in Q1 FY2009 to lower cost structure. Charge includes $120.0M for severance/pension and $54.2M for business exits/asset management. Expected to be substantially completed by end of Q1 FY2010. |
| 2008-12-31 | restructuring | in_progress | 1,400 | 7% | 2009-12-31 | Global | All segments (Merchant Gases, Tonnage Gases, Electronics and Performance Materials, Equipment and Energy) | USD 174 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced during Q1 FY2009; exact announcement date not stated. Charge of $174.2 pre-tax ($116.1 after-tax, $.55/share) includes $120.0 severance and pension-related costs and $54.2 for business exits and asset management actions, including a $16.0 environmental liability from a decision to sell a production facility. Charge by segment: Merchant Gases $91.2, Tonnage Gases $11.1, Electronics and Performance Materials $68.9, Equipment and Energy $3.0; headcount reductions not broken out by segment. Actions target about 7% of global workforce, focused on overhead, infrastructure, technology/business development spending, and plant operating costs. Accrual balance at 2008-12-31 was $109.0. Expected cost savings of $50 in 2009 and $125 in 2010. | |
| 2008-12-31 | divestiture_reduction | in_progress | 2008-07-01 | 2009-12-31 | United States | U.S. Healthcare business (discontinued operations) | USD 49 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Board authorized pursuit of a sale in July 2008 (day not specified); Company anticipates selling the business in 2009 and is in active discussions with buyers. Q1 FY2009 impairment charge of $48.7 ($30.9 after-tax, $.15/share) revised estimated net realizable value. No headcount associated with the divestiture is disclosed. | ||
| 2008-12-31 | restructuring | in_progress | 1,400 | 7% | 2008-12-31 | 2009-12-31 | Global | Global | USD 174 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Announced in Q1 2009 to lower cost structure. Includes $120.0M severance/pension and $54.2M asset management. Expected completion within 12 months. |
| 2008-09-30 | restructuring | completed | Global (Europe, Electronics, corporate management structure) | Multiple segments — European organizations, Electronics product rationalization, management structure simplification | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Program completed during fiscal 2008 with no new charge recorded in fiscal 2008. Position eliminations were attributed to prior fiscal years: approximately 312 positions under the fiscal 2006 charge ($71.0) and approximately 125 positions under the fiscal 2007 charge ($13.7); remaining actions from the fiscal 2006 charge were completed in Q1 fiscal 2008 and actions under the fiscal 2007 charge were complete as of 30 September 2008. | |||||
| 2008-09-30 | divestiture_reduction | completed | 2008-01-31 | Global — Calvert City KY; South Brunswick NJ; Cologne, Germany; Ulsan, Korea | Polymer Emulsions business (formerly Chemicals segment) — VAE polymers joint ventures | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale of the Company's interest in the vinyl acetate ethylene polymers joint ventures to Wacker Chemie AG closed 31 January 2008 (completion date shown); a pre-tax gain of $89.5 was recognized. Employee count not disclosed. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2008-06-30 | United States (Elkton, Maryland; Piedmont, South Carolina) plus global pressure sensitive adhesives | Polymer Emulsions business — North American atmospheric emulsions and global pressure sensitive adhesives | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sold to Ashland Inc. for $92.0; this closing completed the disposal of the Polymer Emulsions business. A $24.0 pre-tax environmental obligation for the Piedmont site was recorded. Employee count not disclosed. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2007-12-31 | United States and Europe | Electronics and Performance Materials — High Purity Process Chemicals (HPPC) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Board approved the sale in September 2007; assets were written down to net realizable value in fiscal Q4 2007 ($15.3 pre-tax). Sale to KMG Chemicals, Inc. closed 31 December 2007 (fiscal Q1 2008) for cash proceeds of $69.3. Employee count not disclosed. | ||||
| 2008-09-30 | divestiture_reduction | in_progress | 2008-07 | United States | U.S. Healthcare business (formerly Healthcare segment) | USD 329 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Board of Directors authorized management in July 2008 to pursue the sale of the U.S. Healthcare business; beginning Q4 2008 it was accounted for as discontinued operations. The associated charge is an impairment/write-down of net carrying value ($314.8 in Q3 plus $14.4 in Q4, pre-tax), not severance. Additional charges possible depending on the timing and method of ultimate disposition; still in progress at fiscal year-end. | |||
| 2008-09-30 | divestiture_reduction | completed | 2008-09 | United States — New York and New Jersey | U.S. Healthcare business | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Partial disposition within the U.S. Healthcare divestiture program; healthcare operations at several New York and New Jersey locations were sold in September 2008 (month-only precision). Employee count not disclosed. | ||||
| 2008-09-30 | divestiture_reduction | completed | 2008-10 | United States | U.S. Healthcare business — seating and mobility unit | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Seating and mobility unit sold in October 2008 (month-only precision), after the 30 September 2008 fiscal year-end but before filing. Employee count not disclosed. | ||||
| 2008-09-30 | acquisition_addition | completed | 2008 | 2008 | United Kingdom | Merchant Gases — cryogenic and specialty gases | other f5-10k / GLM-5.3-flash-HTML | Step acquisition of CryoServices Limited increased ownership from 25% to 72%; put options issued to remaining shareholders (exercisable from January 2010) with an estimated purchase price of approximately $50. Headcount added through the combination was not disclosed. | |||
| 2008-09-30 | restructuring | completed | 125 | 2007-10-01 | 2008-09-30 | Global | Various | USD 14 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2007 global cost reduction plan charge of $13.7 million for elimination of approximately 125 positions. Actions completed as of September 30, 2008. | |
| 2008-09-30 | restructuring | completed | 312 | 2006-10-01 | 2008-03-31 | Global | Various | USD 71 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2006 global cost reduction plan charge of $71.0 million for approximately 312 position eliminations. Majority completed by Sept 2007; remaining actions completed in first quarter of fiscal 2008. | |
| 2008-09-30 | restructuring | completed | 125 | 2007-01-01 | 2008-09-30 | Global | Various | USD 14 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2007 Global Cost Reduction Plan. Charge included $6.5M for severance/pension for ~125 positions and $7.2M for asset write-downs. Actions completed as of Sept 30, 2008. | |
| 2008-09-30 | restructuring | completed | 312 | 2006-01-01 | 2008-03-31 | Global | Various | USD 71 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2006 Global Cost Reduction Plan. Charge included $59.5M for severance/pension for ~312 positions. Majority completed by Sept 2007; remaining actions completed in Q1 FY2008. | |
| 2008-06-30 | restructuring | in_progress | Global | Company-wide | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and other benefits accrual roll-forward for nine months ended 30 June 2008: opening balance $8.4M, cash expenditures $6.8M, closing balance $1.6M. No employee count disclosed. Estimated annual cost savings of $44M for 2008 per MD&A. | ||||
| 2008-06-30 | divestiture_reduction | announced | 2008-07-01 | United States | Healthcare | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | In July 2008 (after quarter-end), the Board authorized management to pursue sale of the U.S. Healthcare business, to be reported as discontinued operation beginning Q4 2008. No headcount disclosed. A $314.8M impairment charge was recorded in Q3 2008. | ||||
| 2008-06-30 | restructuring | in_progress | Global | Corporate | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash expenditures of $6.8 million for severance and other benefits during the nine months ended June 30, 2008. Employee count not disclosed. | ||||
| 2008-03-31 | restructuring | in_progress | Global | Corporate / multiple segments | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and other benefits accrual rolled from $8.4M at 30 Sep 2007 to $1.9M at 31 Mar 2008 after $6.5M of cash expenditures; no employee counts or charge amounts disclosed. MD&A states 2008 cost savings target of $44M. | |||||
| 2008-03-31 | divestiture_reduction | completed | 2007-12-11 | 2008-01-31 | Global | Polymer Emulsions (VAE polymers) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of VAE polymers JVs to Wacker Chemie AG closed 31 Jan 2008; cash proceeds $258.2M plus two production facilities. No headcount disclosed. | |||
| 2008-03-31 | divestiture_reduction | completed | 2007-10-01 | 2007-12-31 | United States, Europe | High Purity Process Chemicals (HPPC) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to KMG Chemicals closed 31 Dec 2007 for $69.3M cash; additional loss of $0.5M ($0.3M after-tax) recorded in Q1 2008. No headcount disclosed. | |||
| 2008-03-31 | acquisition_addition | completed | Poland | Merchant Gases / Tonnage Gases | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of BOC Gazy Sp z o.o. industrial gas business in Q3 FY2007 contributed 2% of consolidated sales growth; no headcount disclosed. | |||||
| 2008-03-31 | restructuring | in_progress | Global | Corporate / All Segments | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash expenditures of $6.5 million for severance and other benefits during the six months ended March 31, 2008. Accrual balance decreased from $8.4 million to $1.9 million. | ||||
| 2008-03-31 | restructuring | in_progress | Global | Corporate | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Pension settlement charges of $27.7 million recognized for the six months ended March 31, 2008, related to lump sum payments for corporate officers retiring in fiscal 2007. | ||||
| 2007-12-31 | divestiture_reduction | completed | 2007-10-01 | 2007-12-31 | United States and Europe | Electronics and Performance Materials (High Purity Process Chemicals) | USD 15 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to KMG Chemicals closed 31 Dec 2007 for $69.3 cash; $15.3 pre-tax write-down recorded 30 Sep 2007. No employee count disclosed. | ||
| 2007-12-31 | divestiture_reduction | announced | 2007-12-11 | 2008-06-30 | Global (facilities in US, Germany, Korea) | Polymer Emulsions (VAE polymers joint ventures) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell VAE polymers JV interests to Wacker Chemie AG for $265 plus two facilities; expected gain $65-85 pre-tax. No employee count disclosed. | |||
| 2007-12-31 | restructuring | in_progress | Global | Corporate | USD 5 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Cash expenditures of $4.5 million for severance and other benefits during the quarter. Accrual balance decreased from $8.4 million to $3.9 million. Employee count not disclosed. | ||||
| 2007-09-30 | restructuring | in_progress | 125 | 2007 | Global | All segments | USD 7 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | FY2007 charge of $13.7M comprised $6.5M severance and pension-related costs for approximately 125 position eliminations plus $7.2M of investment write-downs (non-workforce). Roughly half the eliminations relate to European streamlining initiatives. Charge recorded in fiscal Q4 2007; severance accrual of $8.4M remained at 30 September 2007. Continuation of a program charged $72.1M (~325 positions) in fiscal 2006, with remaining 2006-charge actions expected to complete in Q1 fiscal 2008. Segment allocation of the FY2007 charge: Merchant Gases $3.9, Tonnage Gases $0.4, Electronics and Performance Materials $6.1, Equipment and Energy $0.5, Healthcare $0.1, Other $2.7. | ||
| 2007-09-30 | acquisition_addition | completed | 750 | 2007-04-30 | 2007-04-30 | Poland | Industrial gases (Merchant Gases / Tonnage Gases) | USD 518 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquired 98.1% (raised to 99.9% in Q4 2007) of the Polish industrial gas business BOC Gazy Sp z o.o. from The Linde Group; total cost less cash acquired EUR 380 million ($518.4M). The business had approximately 750 employees, five major industrial gas plants, and six cylinder transfills. | |
| 2007-09-30 | divestiture_reduction | in_progress | 2007-09 | 2007-12-31 | United States and Europe | Electronics and Performance Materials (High Purity Process Chemicals) | USD 15 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Board approved the sale of the HPPC business in September 2007; sale agreement executed with KMG Chemicals, Inc. in October 2007, scheduled to close 31 December 2007, including manufacturing facilities in the U.S. and Europe. Pretax loss of $15.3M ($9.3M after-tax) from writing HPPC assets down to net realizable value. Employee headcount of the business not disclosed. | ||
| 2007-09-30 | divestiture_reduction | announced | 2007-11-15 | Chemicals (Polymer Emulsions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Post-fiscal-year-end event: on 15 November 2007 the Board authorized the sale of the Company's interests in its two polymers joint ventures with Wacker Chemie AG, conditional on achieving certain contractual terms; advanced discussions were disclosed on 6 November 2007. The Company had announced it was exploring the sale in 2006. Employee headcount not disclosed. | |||||
| 2007-09-30 | restructuring | in_progress | 125 | Global (approximately half of eliminations in Europe) | Merchant Gases; Tonnage Gases; Electronics and Performance Materials; Equipment and Energy; Healthcare; Other | USD 14 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2007 charge of $13.7 ($8.8 after-tax), comprising $6.5 severance and pension-related costs for about 125 position eliminations plus $7.2 of investment write-downs. Segment split of the charge: Merchant Gases $3.9, Tonnage Gases $0.4, Electronics and Performance Materials $6.1, Equipment and Energy $0.5, Healthcare $0.1, Other $2.7. Ongoing multi-year program; no announcement date or completion date stated for the 2007 tranche. | |||
| 2007-09-30 | acquisition_addition | completed | 750 | 2007-04-30 | 2007-04-30 | Poland | Industrial gases (Merchant Gases and Tonnage Gases) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 98.1% of the Polish industrial gas business of BOC Gazy Sp z o.o. from The Linde Group on 30 April 2007 for 380 million Euros ($518.4); business had approximately 750 employees, five major plants and six cylinder transfills. Ownership increased to 99.9% in the fourth quarter of 2007. | ||
| 2007-09-30 | divestiture_reduction | announced | 2007-10-01 | 2007-12-31 | United States and Europe | Electronics and Performance Materials — High Purity Process Chemicals (HPPC) business | USD 15 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved the sale in September 2007; sale agreement with KMG Chemicals, Inc. executed October 2007 with closing scheduled 31 December 2007. Assets written down to net realizable value at 30 September 2007, a $15.3 pretax loss ($9.3 after-tax). Headcount associated with the business is not disclosed. | ||
| 2007-09-30 | divestiture_reduction | announced | 2007-11-06 | Global (joint ventures with Wacker Chemie AG) | Chemicals — Polymer Emulsions business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent-event disclosure: advanced discussions with partner Wacker Chemie AG over the purchase of the Company's interests in two polymers joint ventures; on 15 November 2007 the Board granted authority to sell subject to contractual terms. Headcount not disclosed. | ||||
| 2007-09-30 | restructuring | completed | 125 | 2007-01-01 | 2008-03-31 | Global | Multiple segments | USD 14 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Charge included $6.5 for severance and pension-related costs for elimination of approximately 125 positions. Approximately half related to European initiatives; remainder to cost reduction and productivity efforts. Majority of planned actions completed by fiscal year-end, with small number expected to complete in Q1 2008. | |
| 2007-09-30 | restructuring | completed | 325 | 2006-01-01 | 2008-03-31 | Global | Multiple segments | USD 72 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Prior year charge included $60.6 for severance and pension-related costs for approximately 325 position eliminations. Majority of planned actions associated with this charge were completed by fiscal year-end 2007, with exception of small number of position eliminations expected to complete in Q1 2008. | |
| 2007-09-30 | restructuring | completed | 125 | 2007-01-01 | 2007-09-30 | Global | Various segments | USD 7 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charge included $6.5 million for severance and pension-related costs for the elimination of approximately 125 positions. Approximately one-half related to European initiatives; remainder related to cost reduction and productivity efforts. | |
| 2007-09-30 | acquisition_addition | completed | 750 | 2007-04-30 | 2007-04-30 | Poland | Merchant Gases | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquired industrial gas business of BOC Gazy Sp z o.o. on April 30, 2007. Business has approximately 750 employees. | ||
| 2007-06-30 | restructuring | in_progress | Global | Company-wide | USD 72 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2006 global cost reduction plan announced in Q4 2006; total plan charge of $72.1M ($60.6M severance and other benefits, $11.5M asset impairments). Accrual balance fell from $46.5M at 2006-09-30 to $15.0M at 2007-06-30. No employee counts disclosed; expected cost savings of $23M for 2007 and $39M annually from 2008 per MD&A. | ||||
| 2007-06-30 | acquisition_addition | completed | 750 | 2007-04-30 | Poland | Merchant Gases / Tonnage Gases (industrial gases) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of 98.1% of BOC Gazy Sp z o.o from The Linde Group for EUR 370M ($506.8M); acquired business described as having approximately 750 employees, five major industrial gas plants and six cylinder transfills. | |||
| 2007-06-30 | voluntary_separation | announced | 2007-09-30 | Global | Senior management and others | USD 10 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Multiple senior managers and others retired or announced retirement intentions in fiscal 2007; cash settlement of pension liabilities triggers a settlement loss of about $10M in Q4 2007, with total anticipated settlement loss of $30-35M for these retirements, remainder recognized in fiscal 2008. No headcount disclosed. | |||
| 2007-06-30 | acquisition_addition | completed | 750 | 2007-04-30 | Poland | Merchant Gases | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired 98.1% of BOC Gazy Sp z o.o. The business has approximately 750 employees. | |||
| 2007-06-30 | restructuring | in_progress | 2006-01-01 | Global | Corporate | USD 15 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrual balance for 2006 global cost reduction plan was $15.0 million at June 30, 2007. Employee count affected not disclosed in this filing. | |||
| 2007-03-31 | restructuring | in_progress | 2006-10-01 | Global | Multiple | USD 61 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance and other benefits charge of $60.6M for the 2006 plan; accrual balance $24.5M at 31 March 2007. Employee count not disclosed. Announced Q4 2006. | |||
| 2007-03-31 | acquisition_addition | announced | 750 | 2007-01-08 | 2007-09-30 | Poland | Industrial gas business (BOC Gazy Sp z o.o.) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to acquire BOC Gazy for EUR 370M; target has approximately 750 employees. Regulatory approvals received 18 April 2007; closing subject to customary conditions. Expected to close Q3 FY2007. | ||
| 2007-03-31 | restructuring | in_progress | 2006-01-01 | Global | Corporate / All Segments | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrual balance for 2006 global cost reduction plan. Cash expenditures of $22.0 million occurred in the six months ended March 31, 2007. Employee count affected not disclosed. | |||
| 2006-12-31 | restructuring | in_progress | 2006-10-01 | Global | USD 72 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2006 global cost reduction plan; total charge $72.1M ($60.6M severance and other benefits, $11.5M asset impairments). Severance accrual balance $38.5M at 31 December 2006. Employee count not disclosed. Estimated cost savings of $23M for 2007 and $39M annually for 2008 and beyond. | ||||
| 2006-12-31 | acquisition_addition | announced | 750 | 2007-01-08 | Poland | Industrial gases | USD 481 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement with The Linde Group to acquire BOC Gazy Sp z o.o. for 370 million Euros ($481M); target business has approximately 750 employees. Subject to regulatory approval and customary closing conditions. | ||
| 2006-12-31 | restructuring | in_progress | 2006-10-01 | Global | All segments | USD 72 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | 2006 global cost reduction plan. Total charge $72.1M ($60.6M severance, $11.5M asset impairments). Accrual balance at period end $38.5M. Employee count not disclosed. | |||
| 2006-12-31 | acquisition_addition | announced | 750 | 2007-01-08 | Poland | Industrial Gas | USD 481 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Definitive agreement to acquire BOC Gazy industrial gas business. Approximately 750 employees. Transaction subject to regulatory approval. | ||
| 2006-09-30 | restructuring | in_progress | 325 | Global; Europe accounts for about two-thirds of the position eliminations | All six reportable segments (see note) | USD 72 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Announced in fiscal Q4 2006 (July–September 2006); exact date not disclosed. Total charge of $72.1M ($46.8M after-tax) comprises $60.6M severance and pension-related costs for approximately 325 position eliminations and $11.5M for asset disposals and facility closures. Components disclosed: Europe initiatives covering about two-thirds of the eliminations at $37.6M; Electronics business rationalization of $10.1M asset charges plus $3.8M severance; management-structure simplification of $19.2M severance; $1.4M asset write-down for a small business being sold. Charges excluded from segment operating profit; segment allocation: Merchant Gases $31.2M, Healthcare $19.5M, Electronics and Performance Materials $17.3M, Tonnage Gases $2.9M, Equipment and Energy $0.9M, Chemicals $0.3M. Only $1.1M of severance had been paid by fiscal year-end (year-end accrual of $51.0M). Expected savings of $23M in 2007 and approximately $39M annualized thereafter. | |||
| 2006-09-30 | divestiture_reduction | completed | 2006-03 | 2006-09-29 | United States (Pace, Florida; St. Gabriel, Louisiana) and Brazil (Camaçari) | Chemicals — Amines business (classified as discontinued operations) | USD 40 (millions) | discontinued_operations_footnote f5-10k / GLM-5.3-flash-HTML | Sale to Taminco N.V. closed 29 September 2006 for $211.2M cash; the transfer included the employees of the three production facilities, but the number of employees transferred is not disclosed. The $40.0M pre-tax loss ($23.7M after-tax) reflects retained environmental and contractual obligations; a separate $42.0M charge was recognized for Pace, Florida environmental obligations and $8.3M for a contract termination. Intent to sell was announced in March 2006 as part of the chemicals portfolio restructuring. | ||
| 2006-09-30 | divestiture_reduction | in_progress | 2006-03 | United States (Kentucky, New Jersey, South Carolina, Maryland); Cologne, Germany; Ulsan, Korea | Chemicals — Polymer Emulsions business | MD&A f5-10k / GLM-5.3-flash-HTML | Company announced in March 2006 it was exploring the sale of the Amines and Polymer Emulsions businesses. As of fiscal year-end, the Polymer Emulsions business was being marketed to potential buyers; no transaction had closed and no workforce impact was quantified. | ||||
| 2006-09-30 | acquisition_addition | completed | 2006-03-31 | 2006-03-31 | Milton, Wisconsin, United States | Electronics and Performance Materials | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Acquisition of Tomah3 Products, a producer of specialty surfactants and processing aids, closed 31 March 2006 in a cash transaction valued at $120.5M. Headcount acquired is not disclosed. Total 2006 acquisitions of $127.0M also included a small European healthcare business (not separately detailed). | |||
| 2006-09-30 | restructuring | in_progress | 325 | Global (approximately two-thirds of positions in Europe) | All segments (Merchant Gases, Tonnage Gases, Electronics and Performance Materials, Equipment and Energy, Healthcare, Chemicals) | USD 72 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced in the fourth quarter of fiscal 2006; charge comprises $60.6 severance/pension for ~325 position eliminations and $11.5 asset disposals/facility closures. Europe initiatives cover about two-thirds of positions at a cost of $37.6. Segment charge split: Merchant Gases $31.2, Healthcare $19.5, Electronics and Performance Materials $17.3, Tonnage Gases $2.9, Equipment and Energy $0.9, Chemicals $0.3. $1.1 of severance paid by year-end; $23 of cost savings expected in 2007, $39 annualized beyond. | |||
| 2006-09-30 | divestiture_reduction | completed | 2006-09-29 | United States (Pace, FL; St. Gabriel, LA), Brazil (Camaçari) | Chemicals — Amines business | USD 40 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Amines business sold to Taminco N.V. for $211.2 cash; sale included employees of the Pace, St. Gabriel and Camaçari facilities. Loss of $40.0 ($23.7 after-tax) recorded; headcount transferred not disclosed. | |||
| 2006-09-30 | acquisition_addition | completed | 2006-03-31 | United States (Milton, Wisconsin) | Electronics and Performance Materials — Tomah3 Products (specialty surfactants) | USD 121 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cash acquisition valued at $120.5; contributed $39.8 of sales for the six months ended 30 September 2006. Employees added not disclosed. | |||
| 2006-09-30 | acquisition_addition | completed | Europe | Healthcare | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | A small European healthcare business acquired during fiscal 2006 (part of $127.0 total 2006 acquisitions, less cash acquired). Employees added not disclosed. | |||||
| 2006-09-30 | divestiture_reduction | announced | Global | Chemicals — Polymer Emulsions business | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Business being marketed to potential purchasers as of fiscal year-end; sale not completed. Headcount not disclosed. | |||||
| 2006-09-30 | restructuring | completed | 325 | 2006-09-30 | Global | Multiple segments | USD 72 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Announced in Q4 2006. Charge included $60.6M for severance/pension costs for ~325 position eliminations and $11.5M for asset disposals. Europe initiatives eliminated ~2/3 of positions. Electronics strategy review included asset disposal and severance. | ||
| 2006-09-30 | restructuring | completed | 325 | 2006-10-01 | Global | Various segments | USD 72 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan announced in Q4 2006. Charge includes $60.6M for severance/pension costs for ~325 position eliminations and $11.5M for asset disposals. Breakdown: Europe ($37.6M, ~2/3 of positions), Electronics ($13.9M), Other ($19.2M). | ||
| 2006-06-30 | acquisition_addition | completed | 2006-03-31 | United States (Milton, Wisconsin) | Chemicals | USD 121 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash acquisition of specialty surfactants producer Tomah3 Products; purchase price disclosed but no headcount added is stated. | |||
| 2006-06-30 | divestiture_reduction | completed | 2006-03-31 | United States (Geismar, Louisiana) | Chemicals — Polyurethane Intermediates | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | DNT production facility sold to BASF Corporation for $155.0 with a $70.4 gain; no employee count disclosed. Adjacent industrial gas facilities retained. | ||||
| 2006-06-30 | other | announced | 2006-03-31 | United States; Brazil; Germany; Korea | Chemicals — Amines and Polymers businesses | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company announced it is exploring a sale of the Amines (~$300M 2005 revenues) and Polymers (~$550M 2005 revenues) businesses; would be reported as discontinued operations upon Board commitment. No headcount disclosed; potential future workforce action. | ||||
| 2006-03-31 | divestiture_reduction | completed | 2006-03-31 | Geismar, Louisiana, United States | Chemicals — Polyurethane Intermediates | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of DNT production facility to BASF for $155.0; no employee count disclosed. Industrial gas facilities at the site were not part of the sale. | ||||
| 2006-03-31 | acquisition_addition | completed | 2006-03-31 | Milton, Wisconsin, United States | Chemicals — Performance Materials | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Cash acquisition of Tomah3 Products valued at $120.5; no headcount added disclosed. | ||||
| 2006-03-31 | other | announced | 2006-03-31 | United States; Brazil | Chemicals — Amines and Polymers businesses | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company announced it is exploring sale of Amines and Polymers businesses; no employee counts disclosed. Would be reported as discontinued operations if Board commits to sale. | ||||
| 2005-09-30 | acquisition_addition | completed | United States | Gases — Healthcare (homecare) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Five small U.S. homecare businesses acquired during 2005 for $89.6 million plus contingent consideration; no headcount added disclosed. | |||||
| 2005-09-30 | other | in_progress | 2005-12-31 | United States | Chemicals — Fertilizer business | USD 8 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Decision to exit the fertilizer business at completion of current contractual commitments (December 2005); Q4 charge was principally accelerated depreciation from shortened useful lives, not severance. No affected-employee count disclosed. | |||
| 2005-09-30 | restructuring | completed | 460 | 2003-06-30 | 2004-12-31 | Global | Gases, Chemicals, Equipment | USD 153 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2003 Global Cost Reduction Plan. Elimination of approximately 460 positions. Plan completed as expected in June 2004, except for the sale of the European methylamines and derivatives (EM&D) business which completed in December 2004. Charge recorded in FY2003. | |
| 2005-09-30 | acquisition_addition | completed | 2005-09-30 | 2005-09-30 | United States | Healthcare | USD 90 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Acquisition of five small U.S. homecare companies during FY2005. Headcount not explicitly disclosed. | ||
| 2005-09-30 | restructuring | completed | 460 | 2003-06-30 | 2004-12-31 | Global | Gases, Chemicals, Equipment | USD 153 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2003 Global Cost Reduction Plan. Eliminated approx. 460 positions. Completed as expected in June 2004, except for EM&D business sale completed in Dec 2004. | |
| 2005-03-31 | acquisition_addition | completed | United States | Gases — Healthcare (homecare) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Three U.S. homecare businesses acquired during the six months ended 31 March 2005 for $48.3 million; total acquisitions in the period were $58.6 million. No headcount added disclosed. | |||||
| 2005-03-31 | acquisition_addition | completed | 2005-04-01 | 2005-04-01 | United States | Gases — Healthcare (homecare) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Subsequent event: another U.S. homecare business acquisition closed on 1 April 2005, after quarter end. No headcount or purchase price disclosed for this transaction. | |||
| 2005-03-31 | divestiture_reduction | completed | 2004-12-31 | Europe | Chemicals — European methylamines and derivatives (EM&D) business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale completed December 2004 under the global cost reduction plan announced in fiscal Q3 2003; reduced sales by 6% in the quarter. No employee count disclosed. | ||||
| 2005-03-31 | divestiture_reduction | completed | Mexico | Chemicals — polymers business | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Divestiture referenced in sales bridge for both the quarter and six-month periods; completion date and employee count not disclosed. | |||||
| 2005-03-31 | voluntary_separation | in_progress | USD 4 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Six months ended 31 March 2005 special termination benefit charges of $3.9 million (pension) plus $0.6 million credit (other benefits); filing gives no program name, headcount, or timing. | ||||||
| 2004-09-30 | restructuring | in_progress | 460 | 2003-06 | 2004-06 | Global | Gases and Chemicals segments; capacity rationalization, productivity, and management positions | USD 153 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Multi-year 2003 global cost reduction plan; approximately 460 position eliminations is the cumulative program figure spanning fiscal 2003-2004. The fiscal 2003 provision of $152.7M comprised $56.8M severance/pension benefits and $95.9M asset disposals and facility closures (Gases $92.2M, Chemicals $58.1M, Equipment $2.4M). Plan substantially completed in June 2004; fiscal 2004 included no new provision but $37.4M of cash expenditures and no individual facilities were newly closed in fiscal 2004. Remaining eliminations occur after the pending European methylamines divestiture closes. | |
| 2004-09-30 | divestiture_reduction | announced | 2004-04 | Europe | Chemicals — methylamines and derivatives business | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Proposed sale announced in April 2004 and still pending regulatory approval at fiscal year-end. Its headcount impact is contained within the 2003 Plan's approximately 460 positions and is not separately quantified, so it is not added to the restructuring record above. | ||||
| 2004-09-30 | acquisition_addition | completed | 2004 | United States | Gases — U.S. homecare businesses | USD 75 (millions) | business_combinations_footnote f5-10k / GLM-5.3-flash-HTML | Six small U.S. homecare businesses acquired during fiscal 2004; the $75.1M figure is the purchase price paid, not a restructuring charge. The acquisitions contributed $46.0M to fiscal 2004 sales. The number of employees added through these deals was not disclosed. | |||
| 2004-09-30 | restructuring | completed | 460 | 2004-06-30 | Global | Gases, Chemicals and Equipment | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Cumulative through completion of the 2003 Plan in June 2004; approximately 460 position eliminations across capacity rationalization, divestitures, productivity efforts and management reductions. The $152.7 provision was recorded in fiscal 2003; fiscal 2004 cash expenditures under the plan were $37.4. Completion of the European methylamines divestiture remained outstanding. | |||
| 2004-09-30 | divestiture_reduction | announced | 2004-04-30 | Europe | Chemicals — European methylamines and derivatives business | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale announced April 2004 and pending regulatory approval at fiscal year-end; headcount associated with the divestiture not disclosed. Loss on the business was recognized within the 2003 Plan charge. | ||||
| 2004-09-30 | acquisition_addition | completed | United States | Gases — Healthcare / Homecare | USD 75 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Six small U.S. homecare businesses acquired during fiscal 2004 for $75.1; purchase price, not a workforce charge. Headcount added not disclosed; acquisitions contributed $46.0 to fiscal 2004 sales. | ||||
| 2004-09-30 | plant_closure | completed | United States | Chemicals — Methylamines (methanol plant) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Filer states the methanol plant was shut down in 2004 with methanol thereafter purchased on a short-term basis. May relate to the Pensacola methanol/ammonia closures provided for in the 2003 Plan; possible overlap, headcount not disclosed. | |||||
| 2004-09-30 | restructuring | completed | 460 | 2003-07-01 | 2004-06-30 | Global | Gases, Chemicals, Equipment | USD 153 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2003 Global Cost Reduction Plan. Included capacity rationalization, divestitures, and productivity efforts. Completed as expected in June 2004 except for European methylamines business sale. Charge includes severance, pension benefits, and asset disposals. | |
| 2004-09-30 | restructuring | completed | 333 | 2002-01-01 | 2003-03-31 | Global | Manufacturing, Engineering, Distribution, Overheads | USD 31 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2002 Global Cost Reduction Plan. Completed as expected in March 2003. Charge includes severance, pension benefits, and asset impairments. | |
| 2004-09-30 | restructuring | completed | 460 | 2003-09-30 | 2004-06-30 | Global | Gases and Chemicals | USD 153 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2003 Global Cost Reduction Plan. Included severance, pension-related benefits, asset disposals, and facility closures. Completed as expected in June 2004, except for the planned sale of the European methylamines and derivatives business. | |
| 2004-06-30 | restructuring | completed | 2003 | 2004-06 | Global | Gases, Chemicals, Equipment | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2003 global cost reduction plan reported complete in June 2004 except the European methylamines and derivatives (EM&D) sale. No employee count disclosed. Severance accrual fell from $42.7M (30 Sep 2003) to $9.4M (30 Jun 2004) on $33.3M of cash expenditures during the nine months; original $152.7M charge was recorded in fiscal 2003. | |||
| 2004-06-30 | divestiture_reduction | announced | 2004-04 | Europe | Chemicals | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Proposed sale of the European methylamines and derivatives business announced April 2004, pending regulatory approval; no headcount disclosed. MD&A states the delayed divestiture is not expected to materially affect projected 2004 cost savings of $38M. | ||||
| 2004-06-30 | restructuring | in_progress | 2003-07-01 | Global | European methylamines and derivatives business | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Announced in Q3 FY2003. Proposed sale of European methylamines and derivatives business pending regulatory approval in April 2004. Projected cost savings of $38M in 2004 and $59M in 2005. | ||||
| 2004-06-30 | acquisition_addition | completed | United States | Homecare | USD 63 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of four small U.S. homecare businesses during the nine months ended June 30, 2004. Headcount not disclosed. | ||||
| 2004-03-31 | restructuring | in_progress | 2003-04-01 | Global | Multiple | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accrual decreased from $38.6M to $22.7M during the six months ended 31 March 2004; cash expenditures of $15.9M. No employee count disclosed. Announced in Q3 fiscal 2003. | |||
| 2004-03-31 | divestiture_reduction | announced | 2004-04-01 | Europe | Chemicals — European methylamines and derivatives (EM&D) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Proposed sale of European methylamines and derivatives business announced April 2004, pending regulatory approval. No headcount disclosed. | ||||
| 2004-03-31 | restructuring | in_progress | 2003-07-01 | Global | Global Cost Reduction Plan | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrual balance as of March 31, 2004. Includes $22.7M severance and $2.4M other costs. Plan announced in Q3 FY2003. | |||
| 2004-03-31 | divestiture_reduction | announced | 2004-04-01 | Europe | Chemicals | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Proposed sale of European methylamines and derivatives business pending regulatory approval. | ||||
| 2003-12-31 | restructuring | in_progress | 2003-06-30 | Global | Multiple segments | USD 35 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accrual of $32.0M and other (impairments) of $3.0M at Dec 31, 2003; announced Q3 FY2003; target cost savings of $38M in 2004; no employee count disclosed. | |||
| 2003-12-31 | acquisition_addition | completed | 2003-11-01 | United States | Gases (Healthcare/Homecare) | USD 26 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of a small U.S. homecare business in November 2003 for $25.9M; no headcount added disclosed. | |||
| 2003-12-31 | restructuring | in_progress | 2003-07-01 | 2004-09-30 | Global | Corporate | USD 35 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Accrual balance for 2003 global cost reduction plan was $35.0 million as of Dec 31, 2003. Plan announced in Q3 FY2003. Expected savings of $38 million in 2004. Employee count not disclosed. | ||
| 2003-09-30 | restructuring | in_progress | 461 | 2003-06 | 2004-06-30 | Global | Gases, Chemicals, and Equipment segments | USD 153 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan announced during the third quarter of fiscal 2003 (April–June 2003). Position eliminations are a plan-total expected figure, not broken out by segment; mix is approximately 30% capacity rationalization and divestitures, 40% ongoing productivity efforts, and 30% management reductions. Charge comprises $43.7M severance, $13.1M pension-related benefits, and $95.9M asset disposals and facility closures; segment split of charges: Gases $92.2M, Chemicals $58.1M, Equipment $2.4M. Net fiscal 2003 income-statement expense was $152.5M after a $0.2M reversal of the 2002 Plan accrual; severance accrual balance was $38.6M at 30 September 2003. | |
| 2003-09-30 | restructuring | completed | 333 | 2003-03 | Gases and Chemicals — manufacturing, engineering, distribution, and overheads | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | 2002 Plan, originally recorded in fiscal 2002 with a $30.8M expense (including U.S. packaged gas divestiture-related reductions); the plan-total of 333 position eliminations was completed in March 2003, i.e., during fiscal 2003. Charge value left null because the expense was recognized in the prior fiscal year; fiscal 2003 results included only a $0.2M reversal of the remaining 2002 Plan accrual. | ||||
| 2003-09-30 | divestiture_reduction | announced | 2003-06 | 2004-06-30 | Europe | Chemicals — Chemical Intermediates (European methylamines and derivatives business) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Component of the 2003 Plan: the company decided late in the quarter ended 30 June 2003 to pursue the sale of this business. The loss on expected sale is included in the $41.7M Chemical Intermediates exit expense, which is part of the 2003 Plan charge already captured in the consolidated program record, so no separate charge is attached here. No headcount disclosed. | |||
| 2003-09-30 | plant_closure | announced | 2003-06 | 2004 | Pensacola, Florida, United States | Chemicals — Chemical Intermediates (methanol and ammonia production facilities) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Component of the 2003 Plan: closure expenses were recognized in fiscal 2003 within the $41.7M Chemical Intermediates exit expense (already included in the 2003 Plan charge captured in the consolidated program record), so no separate charge is attached. Shutdown expected in the second half of fiscal 2004, after which the company will purchase all of its methanol and ammonia requirements. No headcount disclosed. | |||
| 2003-09-30 | plant_closure | completed | 2003-06 | 2003-06-30 | North America | Gases — North American merchant and tonnage businesses (modest amount in Electronics) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Component of the 2003 Plan: following a third-quarter capacity utilization analysis, several facilities ceased operation as of 30 June 2003. A $37.6M expense was recognized for these closures, net of expected recovery from disposal, and is included in the 2003 Plan charge already captured in the consolidated program record, so no separate charge is attached. No headcount disclosed. | |||
| 2003-09-30 | other | in_progress | 2003-11 | Wilkes-Barre, Pennsylvania, United States | Equipment — heat exchangers for natural gas liquefaction and cryogenic air separation equipment | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Workforce strike: hourly employees represented by the International Association of Machinists and Aerospace Workers went on strike in late November 2003 after their collective bargaining contract expired; union membership rejected the agreement its leadership had recommended. Number of striking employees not disclosed; no resolution date given as of the 12 December 2003 filing. | ||||
| 2003-09-30 | restructuring | in_progress | 461 | 2003-06-30 | 2004-06-30 | Global | Gases, Chemicals, and corporate functions | USD 153 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2003 Plan eliminates 461 positions; approximately 30% capacity rationalization/divestitures, 40% productivity, 30% management reduction. Charge includes $56.8 severance/pension and $95.9 asset disposals/facility closures. | |
| 2003-09-30 | plant_closure | completed | 2003-06-30 | 2003-06-30 | North America | Gases (merchant and tonnage businesses) | USD 38 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Several Gases facilities ceased operation as of 30 June 2003 following capacity utilization analysis; charge net of expected recovery from disposal. | ||
| 2003-09-30 | divestiture_reduction | in_progress | 2003-06-30 | 2004-06-30 | Europe | Chemicals (methylamines and derivatives) | USD 42 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of European methylamines and derivatives business announced in quarter ended 30 June 2003; charge covers loss on carrying value plus closure of Pensacola methanol and ammonia plants. | ||
| 2003-09-30 | acquisition_addition | completed | 2003-08-29 | 2003-08-29 | Global | Gases (Electronics / Electronic Chemicals) | USD 293 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Ashland Electronic Chemicals business; headcount added not disclosed. Purchase price $293.2 million. | ||
| 2003-09-30 | acquisition_addition | completed | 2002-10-01 | 2002-10-31 | United States (northeastern) | Gases (Healthcare / Homecare) | USD 166 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | AHS acquired October 2002 (first month of FY2003); headcount added not disclosed. Subsequent small homecare acquisitions totaled $52.3 million. | ||
| 2003-09-30 | divestiture_reduction | completed | 2003-04-01 | 2003-04-01 | Canada | Gases (packaged gas) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of majority of Canadian packaged gas business to BOC Group for $41.2 million cash proceeds; headcount removed not disclosed. | |||
| 2003-09-30 | other | in_progress | 2003-11-01 | United States (Wilkes-Barre, Pennsylvania) | Equipment (heat exchangers and cryogenic air separation equipment) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Contract with I.A.M.A.W. expired in late November 2003 and workforce went on strike; union membership rejected leadership-recommended agreement. Occurred after fiscal year-end. | ||||
| 2003-09-30 | restructuring | in_progress | 461 | 2003-06-30 | 2004-06-30 | Global | Gases, Chemicals, Equipment | USD 153 (millions) | MD&A f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2003 Global Cost Reduction Plan. Includes capacity rationalization, divestitures, and productivity efforts. Completion expected by June 30, 2004. | |
| 2003-09-30 | other | in_progress | 2003-11-01 | United States | Equipment | Item_1_Business f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Strike at Wilkes-Barre manufacturing facility began in late November 2003. Workforce represented by I.A.M.A.W. | ||||
| 2003-09-30 | restructuring | in_progress | 461 | 2003-06-30 | 2004-06-30 | Global | Gases, Chemicals, Equipment | USD 153 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | 2003 Global Cost Reduction Plan. Includes capacity rationalization, divestitures, and productivity efforts. Completion expected by June 30, 2004. | |
| 2003-09-30 | other | in_progress | 2003-11-01 | United States | Equipment | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Strike at Wilkes-Barre manufacturing facility began in late November 2003. Workforce represented by I.A.M.A.W. | ||||
| 2003-06-30 | restructuring | in_progress | 461 | 2004-06-30 | Global | Gases, Chemicals, and Equipment segments | USD 153 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced during the third quarter of fiscal 2003; no specific announcement date given. Charge of $152.7 ($96.6 after-tax, $.43 per share) comprises $56.8 severance and pension-related benefits plus $95.9 asset disposals and facility closures; segment charges were Gases $92.2, Chemicals $58.1, Equipment $2.4. Includes closure of several Gases facilities effective 2003-06-30 ($37.6), termination of incomplete capacity expansion projects ($13.0), real estate and lease terminations ($3.6), and exit from certain Chemical Intermediates operations including the European methylamines business sale and Pensacola methanol/ammonia plant closures ($41.7). Position reductions: about 30% capacity rationalization and divestitures, 40% productivity and engineering resource balancing, 30% management positions. Accrual balance at 2003-06-30 was $46.4. | ||
| 2003-06-30 | restructuring | completed | 333 | 2003-03-31 | Global | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Plan initiated in fiscal 2002, including U.S. packaged gas divestiture-related reductions; completed in March 2003 as expected, within the year-to-date reporting period. Charge not populated because the $30.8 expense was recorded in the comparative prior-year period (nine months ended 30 June 2002). | ||||
| 2003-06-30 | restructuring | in_progress | 461 | 2003-06-30 | 2004-06-30 | Global | Gases, Chemicals, Equipment | USD 153 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes capacity rationalization, divestitures, productivity efforts, and management position reductions. | |
| 2003-03-31 | restructuring | completed | 333 | 2003-03-31 | Global | Multiple segments including Gases and Chemicals | USD 31 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge of $30.8 ($18.9 after-tax) recorded in prior-year period; plan completed March 2003. Included 333 position eliminations with $27.1 severance/pension and $3.7 asset impairments. | ||
| 2003-03-31 | divestiture_reduction | completed | 2003-04-01 | Canada | Gases — packaged gas business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of majority of Canadian packaged gas business to BOC Group for approximately $40 million; completed 1 April 2003 (subsequent event). Headcount not disclosed. | ||||
| 2003-03-31 | acquisition_addition | completed | 2002-10-31 | United States | Gases — homecare | USD 166 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of American Homecare Supply, LLC (AHS) for $166 million in October 2002; homecare market leader in northeastern U.S. Headcount added not disclosed. | |||
| 2003-03-31 | acquisition_addition | completed | 2002-07-31 | Taiwan | Chemicals | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchased additional 22% of San Fu Chemical Company, increasing ownership from 48% to 70%; investment consolidated from equity method. Headcount added not disclosed. | ||||
| 2003-03-31 | restructuring | completed | 333 | 2003-03-31 | Global | Various (Gases, Chemicals, Equipment) | USD 27 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan included 333 position eliminations. Charge of $27.1M for severance and pension related benefits. Plan completed as expected in March 2003. | ||
| 2003-03-31 | divestiture_reduction | completed | 2002-02-28 | United States | Gases (Packaged Gas) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of majority of U.S. packaged gas business to Airgas, Inc. completed Feb 28, 2002. Employee count not disclosed. | ||||
| 2003-03-31 | divestiture_reduction | completed | 2003-04-01 | Canada | Gases (Packaged Gas) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Sale of majority of Canadian packaged gas business to BOC Group completed April 1, 2003. Employee count not disclosed. | ||||
| 2002-12-31 | acquisition_addition | completed | 800 | 2002-10 | United States | Homecare | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of American Homecare Supply, LLC (AHS) for $166; employee figure disclosed as 'more than 800 employees' at AHS. Purchase price is not a restructuring charge. | |||
| 2002-12-31 | acquisition_addition | completed | 2002-11 | United States | Homecare | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AHS acquired Home Health Care Services, Inc., a West Virginia homecare provider; no employee count disclosed for this acquisition. | ||||
| 2002-12-31 | acquisition_addition | completed | 2002-07 | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchased additional 22% of San Fu Chemical Company, Ltd., raising ownership from 48% to 70% and consolidating the former equity-method investment; no employee count disclosed. Transaction occurred in the prior fiscal quarter (July 2002) but is described in this filing's acquisitions note. | ||||||
| 2002-12-31 | restructuring | in_progress | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance accrual roll-forward only: $6.8 balance at 30 September 2002, $(3.8) cash expenditures, $3.0 balance at 31 December 2002. No employee counts, charges for the period, or completion dates disclosed. | |||||||
| 2002-12-31 | restructuring | in_progress | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Balance of severance accrual at period end. Cash expenditures of $3.8M during the quarter. | ||||||
| 2002-12-31 | acquisition_addition | completed | 800 | 2002-10-01 | United States | Gases | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of American Homecare Supply, LLC (AHS) in October 2002. Filing states 'more than 800 employees'. | |||
| 2002-09-30 | restructuring | in_progress | 333 | 2003-03-31 | Global | Manufacturing, engineering, distribution and overheads | USD 31 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Charge recorded in fiscal 2002 (second quarter per quarterly supplementary data): $27.1 million for severance and pension-related benefits and $3.7 million for asset impairments tied to planned sale or closure of two small chemical facilities. 214 of the 333 positions had been eliminated as of 30 September 2002. Charge includes U.S. packaged gas divestiture-related reductions. Part of a series of global cost reduction plans that cumulatively eliminated 1,735 positions over four years. | ||
| 2002-09-30 | restructuring | completed | 644 | Global | Manufacturing, engineering, distribution and overheads | USD 102 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Plan originally announced in fiscal 2001 (charge of $109.2 million, 670 planned position eliminations); completed during fiscal 2002. Figures are cumulative through program completion, not incremental to prior-year reporting: 644 positions eliminated and $101.5 million total expenses incurred; $7.7 million of the accrual was reversed into income in fiscal 2002. | |||
| 2002-09-30 | divestiture_reduction | completed | 1,200 | 2002-02-28 | United States (approximately 100 facilities in 30 states, plus Carolinas and Southern Virginia) | Gases — U.S. packaged gas business | other f5-10k / GLM-5.3-flash-HTML | Majority of the U.S. packaged gas business sold to Airgas, Inc., with the Carolinas/Southern Virginia operations sold to National Welders Supply Company, completed 28 February 2002 (date shown is the actual completion date; announcement date not disclosed). Facilities sold employed 1,200 people who transferred with the business. Cash proceeds $254.5 million; pre-tax gain on sale $55.7 million. | |||
| 2002-09-30 | acquisition_addition | announced | 800 | 2002-10 | Northeastern and mid-Atlantic United States | Gases — global healthcare (homecare) | USD 165 (millions) | subsequent_events f5-10k / GLM-5.3-flash-HTML | Acquisition of American Homecare Supply, LLC completed in October 2002 for approximately $165 million (purchase consideration, not a workforce charge), subsequent to the 30 September 2002 fiscal year-end. AHS is described as having more than 800 employees, so 800 is a minimum figure. AHS in turn acquired Home Health Services, Inc. in November 2002; headcount for that transaction was not disclosed. | ||
| 2002-09-30 | other | in_progress | 2002-11-22 | United States | Hometown, Pennsylvania specialty gases and chemicals facility and two small equipment manufacturing facilities | Item_1_Business f5-10k / GLM-5.3-flash-HTML | Collective bargaining agreement with the International Association of Machinists and Aerospace Workers expired 22 November 2002 without ratification of a new agreement; employees continue to work. Headcount covered not disclosed. Company also has collective bargaining agreements at numerous locations expiring over the next three to four years and does not expect a material adverse impact. | ||||
| 2002-09-30 | restructuring | in_progress | 333 | 2003-03-31 | Global | Manufacturing, engineering, distribution and overheads | USD 31 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2002 Plan; 214 of 333 positions eliminated as of 30 September 2002; charge includes $27.1 severance/pension and $3.7 asset impairments; includes U.S. packaged gas divestiture-related reductions. | ||
| 2002-09-30 | divestiture_reduction | completed | 1,200 | 2002-02-28 | United States | Gases — U.S. packaged gas business | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to Airgas completed 28 February 2002; approximately 100 facilities in 30 states; the 1,200 employees figure relates to the facilities sold. | |||
| 2002-09-30 | acquisition_addition | completed | 2002-07-31 | Taiwan | Gases | USD 135 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired additional 22% of San Fu, raising ownership from 48% to 70%; headcount added not disclosed. | |||
| 2002-09-30 | acquisition_addition | announced | 800 | 2002-10-31 | United States | Gases — Global Healthcare / Homecare | USD 165 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired October 2002 (after fiscal year-end) for approximately $165 million; AHS has more than 800 employees; AHS also acquired Home Health Services, Inc. in November 2002. | ||
| 2002-09-30 | restructuring | in_progress | 333 | 2002-10-01 | 2003-03-31 | Global | Manufacturing, Engineering, Distribution, Overheads | USD 31 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | 2002 Global Cost Reduction Plan. Charge includes $27.1M for severance/pension benefits and $3.7M for asset impairments. As of Sept 30, 2002, 214 positions eliminated. | |
| 2002-09-30 | divestiture_reduction | completed | 1,200 | 2002-02-28 | 2002-02-28 | United States | Packaged Gas Business | discontinued_operations_footnote f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML | Sale of majority of U.S. packaged gas business to Airgas, Inc. and National Welders Supply Company, Inc. Facilities employed 1,200 people. | ||
| 2002-09-30 | restructuring | in_progress | 333 | 2002-10-01 | 2003-03-31 | Global | Manufacturing, engineering, distribution and overheads | USD 31 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2002 Plan. Charge includes $27.1M for severance/pension benefits and $3.7M for asset impairments. As of Sept 30, 2002, 214 positions eliminated. | |
| 2002-09-30 | divestiture_reduction | completed | 1,200 | 2002-02-28 | 2002-02-28 | United States | Packaged Gas Business | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Sale of majority of U.S. packaged gas business to Airgas, Inc. on Feb 28, 2002. Facilities employed 1,200 people. | ||
| 2002-06-30 | restructuring | in_progress | 333 | Global | Manufacturing, engineering, distribution, and overhead functions | USD 31 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2002 global cost reduction plan; charge includes $27.1 severance/pension benefits and $3.7 asset impairments for planned sale or closure of two small chemical facilities. After-tax charge $18.9 ($.09 per share). Severance accrual balance $34.9 at 2002-06-30. | |||
| 2002-06-30 | divestiture_reduction | completed | 1,200 | 2002-02-28 | United States | Gases — U.S. packaged gas business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of majority of U.S. packaged gas business to Airgas plus Carolinas/Southern Virginia operations to National Welders; facilities employed 1,200 people. Cash proceeds $254.5; gain of $55.7 ($25.7 after-tax) recorded in the nine months ended 2002-06-30. | |||
| 2002-06-30 | restructuring | in_progress | 333 | 2002-01-01 | Global | Manufacturing, engineering, distribution, and overheads | USD 31 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan (2002 Plan) including packaged gas divestiture related reductions. Charge includes $27.1M for severance/pension benefits and $3.7M for asset impairments. | ||
| 2002-06-30 | divestiture_reduction | completed | 1,200 | 2002-02-28 | 2002-02-28 | United States | Packaged gas business | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of majority of U.S. packaged gas business to Airgas, Inc. completed on Feb 28, 2002. Facilities employed 1,200 people. | ||
| 2002-03-31 | restructuring | in_progress | 333 | Global | Manufacturing, engineering, distribution, and overhead functions | USD 31 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge of $30.8 pre-tax ($18.9 after-tax, $0.09/share) for a global cost reduction plan including packaged gas divestiture-related reductions; includes $27.1 severance and pension benefits and $3.7 asset impairments for two small chemical facilities. Severance accrual balance at 31 March 2002 was $44.5. | |||
| 2002-03-31 | divestiture_reduction | completed | 1,200 | 2002-02-28 | United States (30 states, plus Carolinas and Southern Virginia) | Gases — U.S. packaged gas business | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to Airgas, Inc. completed 28 February 2002; divested facilities employed 1,200 people. Proceeds of $254.5; gain of $55.7 pre-tax ($25.7 after-tax, $0.12/share) recognized in the quarter. | |||
| 2002-03-31 | restructuring | in_progress | 333 | 2002-03-31 | Global | Manufacturing, engineering, distribution, and overheads | USD 31 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan (2002 Plan) including packaged gas divestiture related reductions. Charge includes $27.1M for severance/pension benefits and $3.7M for asset impairments. | ||
| 2002-03-31 | divestiture_reduction | completed | 1,200 | 2002-02-28 | 2002-02-28 | United States | Gases | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of majority of U.S. packaged gas business to Airgas, Inc. and National Welders Supply Company, Inc. Facilities employed 1,200 people. | ||
| 2001-12-31 | restructuring | in_progress | 670 | 2001 | Global | Global | USD 109 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2001 global cost reduction plan; charge includes $79.6 severance and pension settlements plus $29.6 asset impairments. 328 of 670 positions eliminated as of 2001-12-31; severance accrual balance $39.2 after $9.9 cash expenditures in the quarter. | ||
| 2001-12-31 | divestiture_reduction | announced | 1,100 | 2002-01 | United States | Gases — U.S. packaged gas business (excluding electronic gases and MRI-related helium) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced January 2002, subject to regulatory approval; ~100 facilities in 30 states, $223 of 2001 revenues. Proceeds expected $254 with a gain to be recognized; gain amount not yet finalized. | |||
| 2001-12-31 | divestiture_reduction | announced | 100 | 2002-01 | United States — Carolinas and Southern Virginia | Gases — packaged gas operations | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced January 2002; nine sites generating $17 of 2001 revenues; National Welders is a joint venture of Airgas and the Turner family. | |||
| 2001-12-31 | restructuring | in_progress | 328 | 2001-10-01 | Global | Corporate | USD 109 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan (2001 Plan) included 670 position eliminations. As of Dec 31, 2001, 328 positions eliminated. Charge included $79.6M severance/pension and $29.6M asset impairments. | ||
| 2001-12-31 | divestiture_reduction | announced | 1,100 | 2002-01-01 | United States | Gases | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell majority of U.S. packaged gas business to Airgas, Inc. Operations employ approximately 1,100 people. | |||
| 2001-12-31 | divestiture_reduction | announced | 100 | 2002-01-01 | United States | Gases | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Agreement to sell packaged gas operations in Carolinas and Southern Virginia to National Welders Supply Company. Operations employ 100 people. | |||
| 2001-09-30 | restructuring | in_progress | 670 | 2001 | 2002-09-30 | Global | Manufacturing, engineering, distribution, and overheads | USD 109 (millions) | restructuring_footnote f5-10k / GLM-5.3-flash-HTML | Charge comprises $79.6 million for severance benefits and pension plan settlements and $29.6 million for asset impairments. Of the 670 position eliminations, 132 were completed as of 2001-09-30. Plan includes divesting several small facilities (net carrying value $11.1 million gases, $27.7 million chemicals). Severance accrual of $49.1 million outstanding at fiscal year-end. Only the 2001 Plan is captured; the 1999 and 2000 plans' charges relate to prior fiscal years. | |
| 2001-09-30 | restructuring | in_progress | 670 | 2002-09-30 | Global | Manufacturing, engineering, distribution, and overheads | USD 109 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2001 Plan: 670 positions planned for elimination; 132 eliminated as of 2001-09-30. Charge includes $79.6M severance/pension settlements and $29.6M asset impairments; several small facilities to be divested | ||
| 2001-09-30 | restructuring | completed | 416 | 2001-09-30 | Global | Manufacturing, engineering, distribution, and overheads | USD 46 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | 2000 Plan (450 positions planned) completed during fiscal 2001; 416 positions eliminated and $45.7M total expenses incurred cumulatively. Original $55.4M provision recorded in fiscal 2000 | ||
| 2001-09-30 | restructuring | in_progress | 670 | 2001 | 2002-09-30 | Global | Manufacturing, engineering, distribution, and overheads | USD 109 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2001 Plan charge includes $79.6M for severance/pension settlements and $29.6M for asset impairments. 132 positions eliminated as of Sept 30, 2001. | |
| 2001-09-30 | restructuring | completed | 416 | 2000 | 2001 | Global | Manufacturing, engineering, distribution, and overheads | USD 55 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | 2000 Plan completed in 2001. Original charge was $55.4M. Total expenses incurred were $45.7M. | |
| 2001-06-30 | restructuring | in_progress | 311 | 2002-03-31 | Global; 120 of the 311 positions relate to Carburos Metalicos S.A. in Spain | Customer service centers and regional management centers (Carburos sub-component); remainder not specified | USD 31 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2000 global cost reduction plan initiated in the quarter ended 31 March 2001; no exact announcement date given. Charge comprises $22.4M severance/termination and $8.5M asset impairments; $11.9M incurred and $19.0M accrued at 30 June 2001. 62 positions eliminated as of 30 June 2001. An additional charge of about $11 million is anticipated in Q4 fiscal 2001 for the Carburos initiative. Expected benefits of about $9 million in fiscal 2002 and 2003. | ||
| 2001-06-30 | restructuring | completed | 416 | 2001-06-30 | Global; includes rationalization of three facilities in Europe | Not specified | USD 46 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2000 global cost reduction plan (450 planned staff reductions, $47.9M charge recognized in fiscal 2000) completed in the quarter ended 30 June 2001. The Q3-only MD&A paragraph reports 313 position eliminations and $37.0M of termination expenses for the quarter; the nine-month paragraph reports 416 positions and $45.7M for the plan — figures as disclosed, not reconciled. $2.2M accrued balance credited to other income in the quarter. | ||
| 2001-06-30 | divestiture_reduction | announced | 2001-09-30 | United States (Cambria County, Pennsylvania and Orlando, Florida) | Power generation facilities | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreements signed for sale of two power generation facilities, expected to close in the quarter ending 30 September 2001; no headcount impact disclosed. Company continues to assess divestiture of remaining power generation and flue gas desulfurization facilities. | ||||
| 2001-06-30 | restructuring | in_progress | 311 | 2001-03-31 | 2002-03-31 | Global | Various | USD 31 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in Q2 FY2001. Includes 311 position eliminations. $22.4M severance, $8.5M asset impairments/restructuring. Staff reductions to be completed by March 31, 2002. | |
| 2001-06-30 | restructuring | completed | 313 | 2001-06-30 | Global | Various | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Fiscal 2000 global cost reduction plan completed in Q3 FY2001 with 313 position eliminations. Total termination expenses incurred were $37.0M. Balance of $2.2M accrued liabilities credited to other income. | |||
| 2001-06-30 | restructuring | announced | 2001-06-30 | 2001-09-30 | Spain | Customer service centers and regional management centers | USD 11 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Carburos Metalicos S.A. initiative in Spain. 120 of the 311 global positions are related to this restructuring. Additional charge of about $11M expected in Q4 FY2001 for restructuring and related expenses. | ||
| 2001-03-31 | restructuring | in_progress | 311 | 2001-03-31 | 2002-03-31 | Global | Corporate; includes customer service and regional management centers | USD 31 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Before-tax charge of $30.9M ($20.0M after-tax, $.09/share): $22.4M severance for 311 staff position eliminations plus $8.5M asset impairments and restructuring. Charges split $14.4M cost of sales, $9.4M selling and administrative, $7.1M other expense. 120 of the 311 positions relate to restructuring of customer service and regional management centers at Carburos Metalicos SA in Spain; $7.8M incurred in the quarter with $23.1M in accrued liabilities at 2001-03-31. Expected benefits of about $9M in each of fiscal 2002 and 2003. | |
| 2001-03-31 | restructuring | announced | 2001-03-31 | 2001-09-30 | Spain | Carburos Metalicos SA — customer service and regional management centers | USD 11 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Anticipated additional restructuring charge of about $11M in the fourth quarter of fiscal 2001 for the Carburos initiative, driven by required information system investments; no incremental position count disclosed. | ||
| 2001-03-31 | restructuring | in_progress | 450 | 2000-03-31 | 2001-06-30 | Global | Corporate | USD 48 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Fiscal 2000 cost reduction plan announced in the quarter ended 2000-03-31 for 450 staff reductions; 366 positions eliminated as of 2001-03-31 with full completion expected by 2001-06-30. Expenses of $42.3M incurred against the $47.9M before-tax charge, with $5.6M remaining in accrued liabilities. A related earlier phase of 103 positions (charge of $8.7M) was completed as of 2001-03-31. | |
| 2001-03-31 | restructuring | in_progress | 311 | 2001-03-31 | 2002-03-31 | Global | Various | USD 31 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan including 311 position eliminations. $22.4 million for severance/termination benefits; $8.5 million for asset impairments/restructuring. Includes 120 positions at Carburos Metalicos SA in Spain. | |
| 2001-03-31 | restructuring | completed | 450 | 2000-03-31 | 2001-06-30 | Global | Various | USD 48 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Fiscal 2000 global cost reduction plan. 450 staff positions reduced. Plan phase initiated in Q2 FY2000 completed essentially as expected. 366 positions eliminated as of March 31, 2001, with full completion expected by June 30, 2001. | |
| 2000-12-31 | restructuring | in_progress | 450 | 2001-06-30 | USD 48 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned staff reductions of 450 employees; charge recognized in second and third quarters of fiscal 2000, before the current reporting period. As of 2000-12-31, 291 positions eliminated; termination expenses of $31.8 million incurred with $16.1 million remaining in accrued liabilities; completion expected by June 2001. Announcement date not disclosed in filing. | ||||
| 2000-12-31 | restructuring | in_progress | 291 | 2001-06-30 | USD 32 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Fiscal 2000 cost reduction plan; 291 positions eliminated as of Dec 31, 2000. Total plan charge was $47.9M; $31.8M incurred with $16.1M remaining in accrued liabilities. | ||||
| 2000-09-30 | restructuring | in_progress | 450 | 1999-12-31 | 2001-06-30 | Global | Chemicals segment; manufacturing, engineering, distribution, and overhead functions | USD 55 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program initiated in quarter ended 2000-03-31 and expanded in quarter ended 2000-06-30; 163 positions eliminated as of 2000-09-30; charge includes $47.9M severance/termination and $7.5M asset impairments at three European facilities; $23.5M remained accrued at year-end | |
| 2000-09-30 | plant_closure | in_progress | 2000-06-30 | 2001-06-30 | Europe | Chemicals segment | USD 8 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Asset impairments related to rationalization of three facilities in Europe; headcount impact not separately disclosed | ||
| 2000-09-30 | divestiture_reduction | completed | 200 | 2000-09-29 | 2000-09-29 | United States (Pasadena, Texas; Calvert City, Kentucky) | Chemicals segment — polyvinyl alcohol business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of PVOH business to Celanese AG for $326 million; facilities employed 200 people; gain of $126.8M recorded | ||
| 2000-09-30 | acquisition_addition | completed | 1999-12-01 | 1999-12-31 | Korea | Gases segment — Korea Industrial Gases Ltd. (KIG) | USD 195 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Purchase of remaining 51.1% of KIG shares for $194.8M total acquisitions; headcount added not disclosed; KIG contributed $121M of consolidated sales in fiscal 2000 | ||
| 2000-09-30 | restructuring | completed | 348 | 1998-12-31 | 2000-09-30 | Global | Multiple | USD 34 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Prior-year program completed during fiscal 2000; charge of $34.2M recorded in fiscal 1999 (not current-year); included here only for completion status | |
| 2000-09-30 | restructuring | in_progress | 450 | 2000-03-31 | 2001-06-30 | Global | Manufacturing, Engineering, Distribution, and Overheads | USD 55 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan (2000 Plan) initiated in Q2 FY2000. Includes 450 position eliminations and three facility impairments. Total charge $55.4 million. Completion expected by June 30, 2001. | |
| 2000-06-30 | restructuring | in_progress | 347 | 2001-06-30 | Global | Manufacturing, engineering, distribution, and overheads | USD 47 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Third-quarter tranche of the fiscal 2000 plan; after-tax charge $29.5M. Charge comprises $39.2M for staff reductions plus $7.5M of asset impairments from rationalizing three facilities in Europe. Allocated to cost of sales $17.3M, selling and administrative $21.0M, R&D $0.9M, other expense $7.5M. Reductions began late in the quarter; no announcement date stated. | ||
| 2000-06-30 | restructuring | in_progress | 103 | 2001-03-31 | Chemicals | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Initial tranche of the fiscal 2000 plan, initiated in the quarter ended 31 March 2000 (charge of $8.7M, $5.5M after-tax, recorded in the second fiscal quarter). 53 of the planned eliminations completed as of 30 June 2000; $4.2M termination expense incurred with $4.5M remaining in accrued liabilities. Together with the 347 third-quarter reductions, the full 2000 plan totals 450 staff reductions and three facility impairments ($55.4M, $35.0M after-tax, nine months). | |||
| 2000-06-30 | restructuring | in_progress | 347 | 2000-03-31 | 2001-06-30 | Global | Manufacturing, Engineering, Distribution, Overheads | USD 47 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes $7.5 million asset impairment for three European facilities. Part of the fiscal 2000 global cost reduction plan initiated in Q2. | |
| 2000-06-30 | restructuring | completed | 142 | 1998-12-31 | 2000-06-30 | Global | Manufacturing, Distribution, Overheads | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Additional staff reductions under the fiscal 1999 plan. Completed in June 2000. | |
| 2000-03-31 | restructuring | in_progress | 103 | 2000-03-31 | 2001-03-31 | Global | Chemicals (manufacturing and overheads) | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge includes $7.3M employee termination expense accrued plus $1.4M special pension and post-retirement medical benefits; $5.5M after-tax ($.03/share). Annualized savings of $9.3M. Notifications began in the quarter; termination payments start April 2000. No total workforce figure disclosed, so percent of workforce not calculable. | |
| 2000-03-31 | acquisition_addition | completed | South Korea | Industrial Gases | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of the remaining 51.1% of Korea Industrial Gases Ltd. completed in December 1999; affiliate consolidated in results for the quarter ended 31 March 2000. No headcount added disclosed. | |||||
| 2000-03-31 | divestiture_reduction | completed | Industrial Gases (packaged gas facilities) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of packaged gas facilities generated a $6.3M pre-tax gain ($4.0M after-tax) in the quarter; no workforce impact quantified. | ||||||
| 2000-03-31 | restructuring | in_progress | 103 | 2000-03-31 | 2001-03-31 | Global | Chemicals | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Staff reductions in manufacturing and overheads; annualized cost savings of $9.3 million expected. | |
| 2000-03-31 | restructuring | in_progress | 142 | 1999-06-30 | Global | Manufacturing, Distribution, Overheads | USD 14 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Expansion of 1999 plan; 71 of 142 reductions completed as of period end. | ||
| 1999-12-31 | restructuring | completed | 211 | 1998-12 | Global | Manufacturing, distribution and overhead | USD 20 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program announced in the quarter ended 31 December 1998 (prior fiscal year); this filing provides a status update. Original plan targeted 206 positions; filing reports actual total of 211 reductions at a total plan cost of $19.9 million, described as essentially as planned. | ||
| 1999-12-31 | restructuring | in_progress | 142 | 1999-06 | Global | Not specified | USD 14 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Expansion of the 1999 plan announced in the quarter ended 30 June 1999 (prior fiscal year); status updated in this filing. 71 of the 142 reductions completed as of quarter end; $5.4 million charged to the accrual with the balance in accrued liabilities. After-tax charge $9.0 million. | ||
| 1999-12-31 | restructuring | announced | 1999-07 | Global (combined Air Products and BOC) | Combined workforce | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company approved a 5-7% reduction of the combined Air Products and BOC workforce in anticipation of the BOC purchase; exact approval date not stated, tied to the July 1999 agreed offer. Percentage range not converted to a headcount because no combined workforce base is disclosed; BOC acquisition expected to close mid-fiscal 2000. | ||||
| 1999-12-31 | acquisition_addition | completed | 1999-12 | South Korea | Industrial Gases | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In December 1999 the Company purchased the remaining 51.1% of Korea Industrial Gases Ltd. (KIG); consolidation begins in the second fiscal quarter. Headcount added through the acquisition is not disclosed. | ||||
| 1999-12-31 | restructuring | completed | 206 | 1998-12-01 | Global | Manufacturing, distribution and overhead | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan initiated in Q1 FY1999. Final expense and positions eliminated essentially as planned. | ||
| 1999-12-31 | restructuring | in_progress | 142 | 1999-06-30 | Global | Not specified | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expansion of plan in Q2 FY2000. 71 reductions completed; balance in accrued liabilities. | ||
| 1999-12-31 | restructuring | announced | 6% | 1999-12-31 | Global | Combined Air Products and BOC workforce | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Approved 5-7% reduction in combined workforce in anticipation of BOC purchase transaction. | |||
| 1999-09-30 | restructuring | in_progress | 206 | 1998-10-01 | 1999-12-31 | Global | Manufacturing, distribution, and overhead | USD 20 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Global cost reduction plan (1999 Plan) initiated in Q1 FY1999; $12.9M after-tax ($0.06/share); annualized savings approximately $15.0M; $15.1M charged to accrual with $5.2M remaining in accrued liabilities at FY-end | |
| 1999-09-30 | restructuring | in_progress | 142 | 1999-04-01 | 2000-06-30 | Global | Manufacturing, distribution, and overhead | USD 14 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Expansion of 1999 Plan announced in Q3 FY1999; $9.0M after-tax ($0.04/share); annualized savings approximately $14.0M reaching late FY2000; $9.2M remaining in accrued liabilities at FY-end | |
| 1999-09-30 | plant_closure | completed | United States | Chemicals | USD 10 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Chemicals facility closure costs of $10.3M ($6.4M after-tax, $0.03/share) recognized in Q2 FY1999; employee count not disclosed | ||||
| 1999-09-30 | acquisition_addition | completed | South Korea | Industrial Gases | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Subsequent to fiscal year end, acquired the 51% of shares not previously owned in Korea Industrial Gases Ltd., the largest industrial gas company in Korea; employee count not disclosed | |||||
| 1999-09-30 | restructuring | in_progress | 206 | 1998-12-31 | 1999-12-31 | Global | Manufacturing, Distribution, Overhead | USD 20 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Global cost reduction plan initiated in Q1 FY99; staffing reduction of 206 employees. | |
| 1999-09-30 | restructuring | in_progress | 142 | 1999-06-30 | 2000-06-30 | Global | Manufacturing, Distribution, Overhead | USD 14 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Expansion of global cost reduction plan in Q3 FY99; additional staffing reduction of 142 employees. | |
| 1999-09-30 | plant_closure | completed | United States | Chemicals | USD 10 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Chemicals facility closure costs; employee count not disclosed. | ||||
| 1999-06-30 | restructuring | in_progress | 206 | 1998-10-01 | 1999-12-31 | Global | Manufacturing, distribution and overhead | USD 20 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Began fiscal Q1 1999; approximately two-thirds implemented as of filing. Annualized savings ~$15.0M. $12.0M charged to accrual, $8.3M remaining in accrued liabilities. | |
| 1999-06-30 | restructuring | in_progress | 142 | 1999-04-01 | 2000-06-30 | Global | Manufacturing, distribution and overhead | USD 14 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Committed in quarter ended 1999-06-30. Charges by segment: Industrial Gases $10.7M, Chemicals $2.4M, Equipment/Services $0.8M. $1.3M incurred; balance in accrued liabilities. Annualized savings ~$14.0M by late FY2000. | |
| 1999-06-30 | restructuring | in_progress | 142 | 1999-06-30 | 2000-06-30 | Global | Manufacturing, distribution and overhead | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Expansion of global cost reduction plan; $13.9 million charged to expense in Q3 FY1999. | |
| 1999-06-30 | restructuring | in_progress | 206 | 1998-12-31 | 1999-12-31 | Global | Manufacturing, distribution and overhead | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initial global cost reduction plan began in Q1 FY1999; $20.3 million charged to expense. | |
| 1999-03-31 | restructuring | in_progress | 206 | 1998-12-21 | 1999-12-31 | Global | Manufacturing, distribution, and overhead | USD 20 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Staffing reduction of 206 employees; $12.9M after-tax ($.06/share). Charge split by segment: Industrial Gases $16.3M, Chemicals $1.6M, Equipment/Services $1.9M, Corporate/Other $0.5M; by function: cost of sales $9.9M, selling and administrative $9.3M, R&D $1.1M. About two-thirds implemented as of filing; $10.3M incurred, balance in accrued liabilities. Annualized savings of about $15M expected in early fiscal 2000. | |
| 1999-03-31 | plant_closure | in_progress | United States | Chemicals | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charge of $10.3M ($6.4M after-tax, or $.03 per share) primarily related to Chemicals facility closure costs, recorded in the three months ended 31 March 1999. Specific facility, employee count, and announcement date not disclosed. | ||||
| 1999-03-31 | restructuring | in_progress | 206 | 1998-12-21 | 1999-12-31 | Global | Manufacturing, distribution, and overhead | USD 20 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Staffing reduction of 206 employees. $20.3 million charged to expense in Q1 FY99; $10.3 million incurred as of filing. | |
| 1998-12-31 | restructuring | in_progress | 206 | 1998-12-21 | 1999-12-31 | Global | Manufacturing, distribution, and overhead | USD 20 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Employee termination benefits; $12.9M after-tax ($0.06/share). $4.8M incurred in quarter, balance in accrued liabilities. Charges by function: cost of sales $9.9M, S&A $9.3M, R&D $1.1M. Charges by segment: Industrial Gases $16.3M, Chemicals $1.6M, Equipment/Services $1.9M, Corporate/Other $0.5M. About 75% of impacted employees notified as of filing; annualized savings ~$15M expected by early FY2000. | |
| 1998-12-31 | restructuring | in_progress | 206 | 1998-12-21 | 1999-12-31 | Global | Manufacturing, distribution, and overhead | USD 20 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Global cost reduction plan resulting in staffing reduction. $20.3 million charged to expense for employee termination benefits. | |
| 1997-09-30 | acquisition_addition | completed | 1996-10-22 | 1996-10-22 | Spain | Industrial Gases | USD 288 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Third-stage acquisition of 49.1% of Carburos for $288.4M; no headcount disclosed. Company now owns 96.7%. | ||
| 1997-09-30 | divestiture_reduction | completed | 1996-11-01 | 1996-11-30 | United States | Corporate and Other (landfill gas recovery) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Landfill gas recovery business sold in November 1996; no headcount disclosed | |||
| 1997-09-30 | divestiture_reduction | announced | 1997-10-01 | 1997-12-31 | United States | Corporate and Other (American Ref-Fuel waste-to-energy) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement in principle to sell 50% interest in American Ref-Fuel to Duke Energy Power Services; expected after-tax gain ~$35M; no headcount disclosed | |||
| 1997-03-31 | acquisition_addition | completed | 1996-10-22 | 1996-10-22 | Spain | Industrial Gases | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company obtained control of Carburos Metalicos S.A. (96.7% owned) on 1996-10-22; consolidated results included from mid-November 1996. No employee headcount added disclosed. | |||
| 1997-03-31 | divestiture_reduction | completed | 1996-11-30 | United States | Corporate and Other (landfill gas recovery business, GSF Energy Inc.) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of the landfill gas recovery business completed in the first quarter of fiscal 1997 (November 1996); no employee headcount reduction disclosed. | ||||
| 1997-03-31 | other | completed | 1997-02-28 | Chemicals (polyurethane release agents product line) | USD 9 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Write-down of production assets and related goodwill in the release agents line; assets sold February 1997. No workforce impact quantified in the filing. | ||||
| 1996-12-31 | acquisition_addition | completed | 1996-10-22 | Spain | Industrial Gases | USD 408 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company obtained control of Carburos Metalicos S.A. on 1996-10-22, raising ownership to 96.7%; approximately six weeks of results consolidated in the quarter. Headcount added not disclosed; associated value is total acquisition cost, not a workforce charge. | |||
| 1996-12-31 | divestiture_reduction | completed | 1996-11 | United States | Corporate and Other (landfill gas recovery business) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of landfill gas recovery business GSF Energy Inc. completed during the quarter (MD&A indicates November 1996); a $9.5 million gain was recorded. Headcount removed not disclosed; announcement date reflects month only as stated. | ||||
| 1996-09-30 | divestiture_reduction | announced | 1996-04-01 | United States | Environmental and Energy — American Ref-Fuel waste-to-energy joint venture | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company announced intent during fiscal 1996 to divest its 50% interest in American Ref-Fuel; no employee count disclosed | ||||
| 1996-09-30 | divestiture_reduction | completed | 1996-11-01 | United States | Environmental and Energy — GSF Energy landfill gas business | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Landfill gas recovery business GSF Energy Inc. sold in November 1996 (early fiscal 1997); no employee count disclosed | ||||
| 1996-06-30 | divestiture_reduction | announced | 1996-04-01 | United States | Environmental and Energy (American Ref-Fuel waste-to-energy joint venture with Browning-Ferris Industries) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Company announced plan to divest its 50% joint venture interest; no headcount impact disclosed. Proceeds intended to fund a share repurchase program of approximately 10% of shares outstanding. | ||||
| 1995-09-30 | restructuring | completed | 1993-01-01 | 1995-09-30 | Worldwide | All segments | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multi-year program announced in 1993 to reduce worldwide workforce by 7-10%; substantially complete by end of FY1995. Cumulative since inception approximately 9% of workforce eliminated. FY1995 activity: additional $4M charge for higher-than-projected termination costs; accrual balance $9M at year-end (down from $20M at prior year-end). No FY1995-specific employee count disclosed. | ||
| 1995-09-30 | restructuring | announced | 1995-08-15 | 1996-09-30 | United States | Corporate / Reengineering initiative | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Employee Benefit Plans Committee approved pension plan amendments waiving early retirement subsidy conditions for participants involuntarily terminated during fiscal 1996 due to position elimination under a reengineering initiative; participants must be age 50+ with 20+ years credited service. No employee count or charge disclosed. | |||
| 1995-09-30 | restructuring | completed | 9% | 1993 | 1995-09-30 | Worldwide | All segments | USD 120 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Program announced in 1993 to reduce workforce by 7-10%. Approximately 9% eliminated by end of fiscal 1995. Program substantially complete. |