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Other Financial Information

12 Months Ended

Sep. 30, 2022

16. Other Financial Information

Accrued expenses and other current liabilities consist of the following:


	Fiscal Year Ended
	September 30,		September 30,
	2022		2021

	(in millions)
Accrued salaries and benefits	$	602.2	$	661.8
Accrued contract costs		1,246.0		1,202.1
Other accrued expenses		333.2		310.3
	$	2,181.4	$	2,174.2

Accrued contract costs above include balances related to professional liability accruals of $713.6 million and $736.4 million as of September 30, 2022 and 2021, 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 September 30, 2022 and 2021. The Company did not have material revisions to estimates for contracts where revenue is recognized using the input method during the twelve months ended September 30, 2022 and 2021. For the year ended September 30, 2022, the Company incurred restructuring expenses of $107.5 million, of which $69.1 million was related to the exit of our Russia-related businesses and is discussed further below. The remaining $38.4 million related to actions to improve margins and deliver efficiencies. These expenses included personnel and other costs of $27.5 million and real estate costs of $10.9 million, of which $7.9 million was accrued and unpaid at September 30, 2022. During the year ended September 30, 2021, the Company incurred restructuring expenses of $48.8 million, including personnel and other costs of $37.8 million and real estate costs of $11.0 million, of which $5.2 million was accrued and unpaid at September 30, 2021.

In March 2022, the Company substantially completed the previously announced exit of all business operations in Russia. The Company incurred a $69.1 million pre-tax expense during the three-month period ended March 31, 2022 related to the exit of its Russia-related businesses, which comprised of asset impairment charges, personnel and real estate costs, of which $2.1 million was accrued and unpaid at September 30, 2022. Approximately $19.5 million of that expense was due to the recognition in earnings of the Company’s cumulative translation adjustment related to the Russian ruble, which was previously reported as a component of Stockholders’ Equity. The financial contribution to the Company from its business related to Russia was not material.

On June 8, 2022, the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per share, which was paid on July 22, 2022 to stockholders of record as of July 6, 2022. As of September 30, 2022, accrued and unpaid dividends totaled $22.0 million and were classified within other accrued expenses on the consolidated balance sheet.