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Other Financial Information

6 Months Ended

Mar. 31, 2020

13. Other Financial Information

Accrued expenses and other current liabilities consist of the following:


	March 31,		September 30,
	2020		2019
	(in millions)
Accrued salaries and benefits	$	690.0	$	681.5
Accrued contract costs		1,050.0		927.1
Other accrued expenses		464.4		269.7
	$	2,204.4	$	1,878.3

Accrued contract costs above include balances related to professional liability accruals of $544.7 million and $536.6 million as of March 31, 2020 and September 30, 2019, respectively. The remaining accrued contract costs primarily relate to costs for services provided by subcontractors and other non-employees. Liabilities recorded related to accrued contract losses were not material as of March 31, 2020 and September 30, 2019. The Company did not have material revisions to estimates for contracts where revenue is recognized using the percentage-of-completion method during the six months ended March 31, 2020 and 2019. In the first quarter of fiscal 2019, the Company commenced a restructuring plan to improve profitability. The Company expects to incur restructuring costs of $160 million to $190 million in fiscal year 2020 primarily related to costs associated with the sale of the Management Services business and expected exit of self-perform at-risk construction in the civil infrastructure, power, and oil and gas businesses. During the first half of fiscal 2020, the Company incurred restructuring expenses of $76.1 million, including personnel and other costs of $68.9 million and real estate costs of $7.2 million, of which $40.3 million was accrued and unpaid at March 31, 2020. During the first half of fiscal 2019, the Company incurred restructuring expenses of $79.2 million, including personnel and other costs of $57.1 million and real estate costs of $22.1 million.