Document and Entity Information
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9 Months Ended | |
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Jun. 30, 2013
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Aug. 05, 2013
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Document Documentand Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2013 | |
Document Fiscal Year Focus | 2013 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | HRG | |
Entity Registrant Name | HARBINGER GROUP INC. | |
Entity Central Index Key | 0000109177 | |
Current Fiscal Year End Date | --09-30 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 144,028,151 |
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Financing Receivable Held For Investment No definition available.
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Investments In Equity Securities No definition available.
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Long Term Debt Current And Non Current No definition available.
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Property, Plant and Equipment including Oil and Gas Property, Net No definition available.
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Income from contingent purchase price reduction. No definition available.
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Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
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The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
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Deferred Income Tax Expenses Relating To Changes In Accumulated Other Comprehensive Income Loss No definition available.
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Increase Decrease Changes In Deferred Income Taxes No definition available.
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Non credit portion of other than temporary impairments included in other comprehensive income. No definition available.
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Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Change in Deferred Tax Allowance No definition available.
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Other Comprehensive Income Loss Adjustments To Intangible Assets No definition available.
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Other comprehensive income loss adjustments to intangible assets before tax. No definition available.
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Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax And Reclassification Adjustments No definition available.
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OtherComprehensiveIncomeLossDerivativesQualifyingAsHedges,DeferredTaxValuationAllowanceAdjustment No definition available.
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OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesReclassificationAdjustmentsInNetIncomeBeforeTax No definition available.
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Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Reclassification Adjustments Included in Cost of Goods Sold, Before Tax No definition available.
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Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Reclassification Adjustments Included in Selling And General and Administrative Expenses, Before Tax No definition available.
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The component of net investment income representing the noncash expenses charged against earnings in the period to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. No definition available.
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Asset-backed loans originated. No definition available.
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Total cash Transfers to the Company's reinsurer. No definition available.
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Mortality and expense charges and administrative fees. No definition available.
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Cost of trading securities acquired for resale. No definition available.
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This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. No definition available.
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Treasury stock purchases of subsidiary. No definition available.
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The non-cash write-off of the unamortized debt issuance costs associated with retired debt instruments. No definition available.
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The non-cash write-off of the unamortized debt discount and premium associated with retired debt instruments. No definition available.
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Description of Business
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9 Months Ended |
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Jun. 30, 2013
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of Business | Description of Business Description of the Business Harbinger Group Inc. ("HGI" and, collectively with its respective subsidiaries, the "Company") is a diversified holding company, the outstanding common stock of which is 74.2% owned, collectively, by Harbinger Capital Partners Master Fund I, Ltd. (the "Master Fund"), Global Opportunities Breakaway Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (together, the "Principal Stockholders"), not giving effect to the conversion rights of the Company's Series A Participating Convertible Preferred Stock (the "Series A Preferred Stock") or the Series A-2 Participating Convertible Preferred Stock (the "Series A-2 Preferred Stock", together the "Preferred Stock"). Such common stock ownership by the Principal Stockholders represents a voting interest of 55.6% in relation to the existing voting rights of all HGI’s common and preferred stockholders. HGI’s shares of common stock trade on the New York Stock Exchange ("NYSE") under the symbol "HRG." HGI is focused on obtaining controlling equity stakes in companies that operate across a diversified set of industries and growing acquired businesses. As such, the Company has gained controlling interests in Spectrum Brands Holdings, Inc., a Delaware corporation (collectively with its consolidated subsidiaries, where applicable, "Spectrum Brands"), and Fidelity & Guaranty Life Holdings, Inc., a Delaware corporation ("FGL") and formed Salus Capital Partners, LLC ("Salus"), Five Island Asset Management, LLC ("Five Island") and HGI Energy Holdings, LLC ("HGI Energy"). As of June 30, 2013, the Company’s beneficial ownership of the outstanding common stock of Spectrum Brands was 59.2%. Spectrum Brands is a global branded consumer products company which trades on the NYSE under the symbol "SPB." FGL, a wholly-owned subsidiary, is a provider of annuity and life insurance products in the United States of America. Salus is a provider of secured asset-based loans to entities across a variety of industries. HGI Energy holds an 74.5% equity investment in an oil and natural gas joint venture with EXCO Resources, Inc. ("EXCO"). In December 2012 and January 2013, the Company closed a secondary offering, in which the Principal Stockholders offered a total of 23.0 million shares of common stock at a price to the public of $7.50 per share. The Company did not receive any proceeds from the sale of shares in this offering. In December 2012, the Company issued $700.0 aggregate principal amount 7.875% Senior Secured Notes due 2019 (the "7.875% Notes") and used part of the proceeds of the offering to accept for purchase $498.0 aggregate principal amount of its 10.625% Senior Secured Notes due 2015 (the "10.625% Notes") pursuant to a tender offer (the "Tender Offer") for the 10.625% Notes. Additionally, the Company deposited sufficient funds in trust with the trustee under the indenture governing the 10.625% Notes in satisfaction and discharge of the remaining $2.0 aggregate principal amount of the 10.625% Notes. The remainder of the proceeds will be used for working capital by the Company and its subsidiaries and for general corporate purposes, including the financing of future acquisitions and businesses. In December 2012, Spectrum Brands acquired the residential hardware and home improvement business (the "HHI Business") from Stanley Black & Decker, Inc. ("Stanley Black & Decker"), (the "Hardware Acquisition"). The HHI Business has a broad portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as Smartkey, a rekeyable lockset technology, and Smart Code Home Connect. On April 8, 2013, the Company completed the Hardware Acquisition, which included the acquisition of certain assets of Tong Lung Metal Industry Co. Ltd., a Taiwan Corporation ("TLM Taiwan"), which is involved in the production of residential locksets. For information pertaining to the Hardware Acquisition, see Note 3, Acquisitions. Also in December 2012, Spectrum Brands Escrow Corp. issued $520.0 aggregate principal amount of 6.375% Senior Notes due 2020 (the "6.375% Notes") and $570.0 aggregate principal amount of 6.625% Senior Notes due 2022 (the "6.625% Notes"). The 6.375% Notes and the 6.625% Notes were assumed by Spectrum Brands Inc., in connection with the Hardware Acquisition. Spectrum Brands used the net proceeds from the offering to fund a portion of the purchase price and related fees and expenses for the Hardware Acquisition. Spectrum Brands financed the remaining portion of the Hardware Acquisition with a new $800.0 term loan facility, of which $100.0 is in Canadian dollar equivalents (the "Term Loan"). A portion of the Term Loan proceeds were also used to refinance the former term loan facility, maturing June 17, 2016, which had an aggregate amount outstanding of $370.2 prior to refinancing. Refer to Note 10, Debt, as well as Note 3, Acquisitions, in the accompanying Condensed Consolidated Financial Statements. Lastly, in December 2012, FGL entered into a coinsurance agreement (the "Reinsurance Agreement") with Front Street Re (Cayman) Ltd. ("Front Street Cayman"), also an indirect subsidiary of the Company. Pursuant to the Reinsurance Agreement, Front Street Cayman will reinsure approximately 10%, or approximately $1,500.0 of FGL’s policy liabilities, on a funds-withheld basis. In connection with the Reinsurance Agreement, Front Street Cayman, FGL and an indirect subsidiary of the Company, Five Island, also entered into an investment management agreement, pursuant to which Five Island will manage the assets securing Front Street Cayman’s reinsurance obligations under the Reinsurance Agreement, which assets are held by FGL in a segregated account. The assets in the segregated account will be invested in accordance with FGL’s existing guidelines. In February 2013, HGI finalized a joint venture with EXCO to create a private oil and natural gas joint venture(the "EXCO/HGI JV"), through the Company's wholly-owned subsidiary HGI Energy. In connection with its formation, the EXCO/HGI JV entered into a credit agreement which had an initial borrowing base of $400.0, maturing on February 14, 2018 (the "EXCO/HGI JV Credit Agreement"). In March 2013, the EXCO/HGI JV acquired all of the shallow Cotton Valley assets from an affiliate of BG Group plc ("BG Group") for $130.9, funded with borrowings from the EXCO/HGI JV Credit Agreement. Also in February 2013, Salus announced the closing of Salus CLO 2012-1, Ltd., a collateralized loan obligation ("CLO") vehicle providing for the issuance of up to $250.0 in collateralized obligations, initially funded with $175.5 of the asset-backed loans that Salus had originated through that date. Refer to Note 6, Securitizations and Variable Interest Entities, in the accompanying Condensed Consolidated Financial Statements. In March 2013, FGL issued $300.0 aggregate principal amount of its 6.375% senior notes due April 1, 2021, at par value. FGL used a portion of the net proceeds from the issuance to pay a dividend to HGI and expects to use the remainder for general corporate purposes, to support the growth of its subsidiary life insurance company. Refer to Note 10, Debt, in the accompanying Condensed Consolidated Financial Statements. In addition to acquiring controlling interests, HGI may make investments in debt instruments, acquire minority equity interests in companies and expand its operating businesses. The Company also owns 97.9% of Zap.Com Corporation ("Zap.Com"), a public shell company that may seek assets or businesses to acquire or may sell assets and/or liquidate. The Company’s reportable business segments are organized in a manner that reflects how HGI’s management views those business activities. Accordingly, the Company currently operates its business in four reporting segments: (i) Consumer Products, (ii) Insurance, (iii) Energy, and (iv) Financial Services. For the results of operations by segment, and other segment data, see Note 19, Segment Data. |
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Basis of Presentation, Significant Accounting Polices and Practicies and Recent Accounting Pronouncements
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Jun. 30, 2013
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Presentation, Significant Accounting Polices and Practicies and Recent Accounting Pronouncements | Basis of Presentation, Significant Accounting Policies and Practices and Recent Accounting Pronouncements Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of the Company included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"), have been condensed or omitted pursuant to such rules and regulations, except for such significant accounting policies that were adopted during the quarter relating to new business ventures, and a change in accounting principle relating to the statement of cash flow classification of taxes withheld on vested restricted stock awards, which are detailed below. Certain prior year amounts have been reclassified or combined to conform to the current year presentation. These reclassifications and combinations had no effect on previously reported results of operations or accumulated deficit. These interim financial statements should be read in conjunction with the Company’s annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on November 27, 2012 (the "Form 10-K"). The results of operations for the nine months ended June 30, 2013 are not necessarily indicative of the results for any subsequent periods or the entire fiscal year ending September 30, 2013. Principles of Consolidation The Condensed Consolidated Financial Statements include the accounts of the Company, its majority-owned subsidiaries, those variable interest entities ("VIEs") where the Company is the primary beneficiary, and its proportionate share of the gross net assets of equity method investments in extractive industries ("Proportionate consolidation"). Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition and for VIEs, from the dates that the Company became the primary beneficiary. The Company has elected to account for its investments in extractive industries that it does not control, but over which it can exert significant influence (specifically, the EXCO/HGI JV), by using the proportionate consolidation method allowed for equity-method investments in extractive industries, under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 932, Extractive Industries. Under this method, the Company consolidates its proportionate share of the assets and liabilities of the equity method investment, using a gross presentation. A variable interest entity is an entity that lacks equity investors or whose equity investors do not have a controlling financial interest in the entity through their equity investments. The entity that has a controlling financial interest in a VIE is referred to as the primary beneficiary and consolidates the VIE. A corporation is deemed to have a controlling financial interest and is the primary beneficiary of a VIE if it has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company, through its subsidiary, Salus, primarily uses VIEs for its securitization activities, in which Salus transfers whole loans into a trust or other vehicle such that the assets are legally isolated from the creditors of Salus. Assets held in a trust can only be used to settle obligations of the trust. The creditors of these trusts typically have no recourse to Salus except in accordance with the obligations under standard representations and warranties. When Salus is the servicer of whole loans held in a securitization trust, Salus has the power to direct the most significant activities of the trust. Salus consolidates a whole-loan securitization trust if it has the power to direct the most significant activities and also holds securities issued by the trust or has other contractual arrangements, other than standard representations and warranties, that could potentially be significant to the trust. Oil and natural gas properties Full Cost Method The accounting for, and disclosure of, oil and natural gas producing activities require that the EXCO/HGI JV choose between two GAAP alternatives; the full cost method or the successful efforts method. The EXCO/HGI JV chose to use the full cost method of accounting, which involves capitalizing all intangible drilling costs, lease and well equipment and exploration and development costs incurred plus acquired proved and unproved leaseholds. Once the EXCO/HGI JV incurs costs, they are recorded in the depletable pool of proved properties or in unproved properties, collectively, the full cost pool. The EXCO/HGI JV's unproved property costs, which include unproved oil and natural gas properties, properties under development, and major development projects, collectively totaled $49.8 and $48.5 as of June 30, 2013 and February 14, 2013, respectively, and are not subject to depletion. The EXCO/HGI JV reviews its unproved oil and natural gas property costs on a quarterly basis to assess for impairment and transfer unproved costs to proved properties as a result of extensions or discoveries from drilling operations or determine that no proved reserves are attributable to such costs. The EXCO/HGI JV expects these costs to be evaluated over approximately four years and transferred to the depletable portion of the full cost pool during that time. The EXCO/HGI JV has not recorded any impairments of undeveloped properties for the period from inception to June 30, 2013. Capitalization of Interest When the EXCO/HGI JV acquires significant amounts of undeveloped acreage, it capitalizes interest on the acquisition costs in accordance with FASB ASC Subtopic 835-20, Capitalization of Interest. When the unproved property costs are moved to proved developed and undeveloped oil and natural gas properties, or the properties are sold, the EXCO/HGI JV will cease capitalizing interest related to those properties. Depletion The EXCO/HGI JV calculates depletion using the unit-of-production method. Under this method, the sum of the full cost pool, excluding the book value of unproved properties, and all estimated future development costs are divided by the total estimated quantities of proved reserves. This rate is applied to the EXCO/HGI JV's total production for the quarter, and the appropriate expense is recorded. The EXCO/HGI JV capitalizes the portion of general and administrative costs, including share-based compensation, that is attributable to its exploration, exploitation and development activities. Sales, dispositions and other oil and natural gas property retirements are accounted for as adjustments to the full cost pool, with no recognition of gain or loss, unless the disposition would significantly alter the amortization rate and/or the relationship between capitalized costs and Proved Reserves. Ceiling Test Exemption Pursuant to Rule 4-10(c)(4) of Regulation S-X, the EXCO/HGI JV was required to compute its ceiling test using the simple average spot price for the trailing twelve month period for oil and natural gas as of June 30, 2013. The computation resulted in the carrying costs of the EXCO/HGI JV's unamortized proved oil and natural gas properties exceeding the June 30, 2013 ceiling test limitation by approximately $211.2. As a result of a temporary exemption received from the SEC to exclude the acquisition of the EXCO/HGI JV's conventional oil and natural gas properties from the ceiling test, the need to recognize impairment for the quarter ended June 30, 2013 was eliminated. The EXCO/HGI JV's pricing for these acquisitions are based on models which incorporate, among other things, market prices based on New York Mercantile Exchange ("NYMEX") futures. The ceiling test requires companies using the full cost accounting method to price period ending proved reserves using the simple average spot price for the trailing twelve month period, which may not be indicative of actual market values. Given the short passage of time between closing of these acquisitions and the required ceiling test computation, HGI requested, and received, an exemption from the SEC to exclude the acquisition of these oil and natural gas properties from the ceiling test assessments for a period of twelve months following the corresponding acquisition dates. The request for exemption was made because the EXCO/HGI JV believes the fair value of the aforementioned acquisitions can be demonstrated beyond a reasonable doubt to exceed their unamortized costs. The EXCO/HGI JV's expectation of future prices is principally based on NYMEX futures contracts, adjusted for basis differentials, for a period of five years. After a five year period the EXCO/HGI JV has elected to use flat pricing as the NYMEX futures contracts become more thinly traded. Generally, the flat price used for the sixth year through the economic life of the property is management's internal long-term price estimate, which is, in part, based on an extension of the NYMEX pricing. The EXCO/HGI JV believes the NYMEX futures contracts reflect an independent proxy for fair value. Management's internal valuation model demonstrated that the fair value of these acquired oil and natural gas properties clearly exceeded the calculated ceiling test limitation as of June 30, 2013 beyond a reasonable doubt. The EXCO/HGI JV recognizes that, due to the volatility associated with oil and natural gas prices, a downward trend in market prices could occur. If such a case were to occur and is deemed to be other than a temporary trend, the EXCO/HGI JV would assess these acquisitions for impairment during the requested exemption period. Further, if the EXCO/HGI JV cannot demonstrate that fair value exceeds the calculated ceiling test limitation during the requested exemption periods prior to issuance of its financial statements, the EXCO/HGI JV will recognize impairment related to these acquisitions. The ceiling test calculation is based upon estimates of proved reserves. There are numerous uncertainties inherent in estimating quantities of proved reserves, in projecting the future rates of production and in the timing of development activities. The accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment. Results of drilling, testing and production subsequent to the date of the estimate may justify revision of such estimate. Accordingly, reserve estimates are often different from the quantities of oil and natural gas that are ultimately recovered. Gas gathering assets Gas gathering assets are capitalized at cost and depreciated on a straight line basis over their estimated useful lives of up to 14 years. Deferred abandonment and asset retirement obligations The EXCO/HGI JV applies FASB ASC 410-20, Asset Retirement and Environmental Obligations ("ASC 410-20"), to account for estimated future plugging and abandonment costs. ASC 410-20 requires legal obligations associated with the retirement of long-lived assets to be recognized at their estimated fair value at the time that the obligations are incurred. Upon initial recognition of a liability, that cost is capitalized as part of the related long-lived asset and allocated to expense over the useful life of the asset. The EXCO/HGI JV's asset retirement obligations primarily represent the present value of the estimated amount it will incur to plug, abandon and remediate proved producing properties at the end of their productive lives, in accordance with applicable state laws. The EXCO/HGI JV's asset retirement obligations are determined using discounted cash flow methodologies based on inputs that are not readily available in public markets. The EXCO/HGI JV has no assets that are legally restricted for purposes of settling asset retirement obligations. Revenue recognition and gas imbalances The EXCO/HGI JV uses the sales method of accounting for oil and natural gas revenues. Under the sales method, revenues are recognized based on actual volumes of oil and natural gas sold to purchasers. Gas imbalances at June 30, 2013 were not significant. Gathering and transportation The EXCO/HGI JV generally sells oil and natural gas under two types of agreements which are common in the industry. Both types of agreements include a transportation charge. One is a net-back arrangement, under which the EXCO/HGI JV sells oil or natural gas at the wellhead and collects a price, net of the transportation incurred by the purchaser. In this case, The EXCO/HGI JV records sales at the price received from the purchaser, net of the transportation costs. Under the other arrangement, the EXCO/HGI JV sells oil or natural gas at a specific delivery point, pays transportation to a third party and receives proceeds from the purchaser with no transportation deduction. In this case, the EXCO/HGI JV records the transportation cost as gathering and transportation expense. Due to these two distinct selling arrangements, The EXCO/HGI JV's computed realized prices, before the impact of derivative financial instruments, includes revenues which are reported under two separate bases. Overhead reimbursement fees The EXCO/HGI JV has classified fees from overhead charges billed to working interest owners, including itself, as a reduction of general and administrative expenses in the accompanying Condensed Consolidated Statements of Operations. The EXCO/HGI JV's share of these charges was $1.8 for the three months ended June 30, 2013, and $2.4 from inception to the period ended June 30, 2013 and was classified as oil and natural gas production costs. Environmental costs Environmental costs that relate to current operations are expensed as incurred. Remediation costs that relate to an existing condition caused by past operations are accrued when it is probable that those costs will be incurred and can be reasonably estimated based upon evaluations of currently available facts related to each site. Change in Accounting Method During the quarter ended June 30, 2013, the Company changed its method of presenting tax withholdings for share-based payment awards paid to a taxing authority on behalf of an employee from an operating activity to a financing activity within its statements of cash flows. The Company believes that the newly adopted accounting principle is preferable in the circumstances because the predominant characteristic of such transaction is a financing activity. As a result of the change in accounting method, the Company had the following reclassifications for the nine months ended June 30, 2013 and July 1, 2012, respectively:
Recent Accounting Pronouncements Presentation of Comprehensive Income In June 2011, the FASB issued Accounting Standards Update 2011-05, "Comprehensive Income (Topic 220): Presentation of Comprehensive Income," which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity. Instead, comprehensive income must be reported in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. The guidance requiring disclosure of the income statement location where gains and losses reclassified out of comprehensive income are included was deferred in December 2011. In November 2012, the FASB clarified its position on the reclassification disclosures, allowing disclosure of reclassification adjustments on the face of the comprehensive income statement or in the notes to the financial statements. The accounting guidance requiring a comprehensive income statement is now effective for the Company. The Company has implemented all required disclosures. Offsetting Assets and Liabilities In December 2011, the FASB issued amended disclosure requirements for offsetting financial assets and financial liabilities to allow investors to better compare financial statements prepared under US GAAP with financial statements prepared under International Financial Reporting Standards. The new standards are effective for us beginning in the first quarter of our fiscal year ending September 30, 2014. The Company is currently evaluating the impact of this new accounting guidance on the disclosures included in its consolidated financial statements. |
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Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions | Acquisitions Spectrum Brands’ Acquisition of Stanley Black & Decker’s Hardware and Home Improvement Business On December 17, 2012, Spectrum Brands completed the cash acquisition of the HHI Business from Stanley Black & Decker. A portion of the HHI Business, consisting of the purchase of certain assets of TLM Taiwan closed on April 8, 2013. The following table summarizes the preliminary consideration paid for the HHI Business:
The HHI Business is a major manufacturer and supplier of residential locksets, residential builders' hardware and faucets with a portfolio of recognized brand names, including Kwikset, Weiser, Baldwin, National Hardware, Stanley, FANAL and Pfister, as well as patented technologies such as the SmartKey, a re-keyable lockset technology, and Smart Code Home Connect. Customers of the HHI Business include retailers, non-retail distributors and homebuilders. Headquartered in Lake Forest, California, the HHI Business has a global sales force and operates manufacturing and distribution facilities in the U.S., Canada, Mexico and Asia. The results of HHI Business operations since December 17, 2012, excluding TLM Taiwan, are included in the Company's Condensed Consolidated Statements of Operations. The results of TLM Taiwan operations since April 8, 2013 are included in the Company's Condensed Consolidated Statements of Operations. Preliminary Valuation of Assets and Liabilities The preliminary fair values of net tangible and intangible assets acquired and liabilities assumed in connection with the purchase of the HHI Business, excluding TLM Taiwan, have been recognized in the Condensed Consolidated Balance Sheets based upon their preliminary values at December 17, 2012. The preliminary fair values of the net tangible and intangible assets acquired and liabilities assumed in connection with the TLM Taiwan purchase have been recognized in the Condensed Consolidated Balance Sheets based upon their preliminary values at April 8, 2013. The excess of the purchase price over the preliminary fair values of the net tangible and intangible assets was recorded as goodwill, and includes value associated with greater product diversity, stronger relationships with core retail partners, cross-selling opportunities in all channels and a new platform for potential future global growth using the Spectrum Brands' existing international infrastructure, most notably in Europe. The majority of goodwill recorded is not expected to be deductible for income tax purposes. The preliminary fair values recorded were based upon a preliminary valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary valuation that are not yet finalized relate to the fair values of certain tangible assets and liabilities acquired, certain legal matters, amounts for income taxes including deferred tax accounts, amounts for uncertain tax positions, and net operating loss carryforwards inclusive of associated limitations and valuation allowance, the determination of identifiable intangible assets and the final amount of residual goodwill. Additionally, finalized fair values associated with deferred tax accounts could have a material effect on Spectrum Brands' estimated reversal of its consolidated U.S. valuation allowances recognized during the measurement period. See Note 14, Income Taxes, for further information. Spectrum Brands expects to continue to obtain information to assist it in determining the fair values of the net assets acquired at the acquisition date during the measurement period. The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business, including a reconciliation to the preliminary valuation reported as of December 30, 2012, is as follows:
Since the preliminary valuation on December 30, 2012, Spectrum Brands recorded $45.6 of goodwill related to the acquisition of TLM Taiwan on April 8, 2013, and recorded adjustments to the preliminary valuation of assets and liabilities, excluding TLM Taiwan, resulting in a net increase to goodwill of $13.1. The preliminary goodwill increased $11.2 as a result of recording certain state and foreign valuation allowances against deferred tax assets, a decrease of $5.1 resulting from a reduction in certain property, plant and equipment asset values and a $2.4 decrease from a reduction in inventory asset values. The changes in estimates were the result of additional accounting information provided by Stanley Black & Decker during the period. Spectrum Brands believes that the information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but it is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to change further. Spectrum Brands expects to complete the purchase accounting process as soon as practicable but no later than one year from the acquisition date. Preliminary Pre-Acquisition Contingencies Assumed Spectrum Brands has evaluated and continues to evaluate pre-acquisition contingencies relating to the HHI Business that existed as of the acquisition date. Based on the evaluation to date, Spectrum Brands has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, Spectrum Brands has recorded its best estimates for these contingencies as part of the preliminary valuation of the assets and liabilities acquired for the HHI Business. Spectrum Brands continues to gather information relating to all pre-acquisition contingencies that it has assumed from the HHI Business. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period any adjustments to pre-acquisition contingency amounts will be reflected in the Company's Condensed Consolidated Statements of Operations. Preliminary Valuation Adjustments Spectrum Brands performed a preliminary valuation of the assets and liabilities of the HHI Business, excluding TLM Taiwan, at December 17, 2012. Significant adjustments as a result of the valuation and the bases for their determination are summarized as follows:
Shaser On November 8, 2012, Spectrum Brands completed the cash acquisition of an approximately 56% interest in Shaser Biosciences, Inc. ("Shaser"). Shaser is a global technology leader in developing energy-based, aesthetic dermatological technology for home use devices. This acquisition was not significant individually. The following table summarizes the preliminary consideration paid for Shaser:
The purchase agreement provides Spectrum Brands with an option, exercisable solely at Spectrum Brands' discretion, to acquire the remaining 44% interest of Shaser (the "Call Option"). The Call Option is exercisable any time between January 1, 2017 and March 31, 2017 at a price equal to the higher of 1.0x trailing revenues or 7.0x adjusted trailing earnings before interest taxes depreciation and amortization ("EBITDA"), as defined, for calendar year ended December 31, 2016. Spectrum Brands paid approximately half of the negotiated sales price to the seller at closing. The remaining purchase consideration was paid on April 2, 2013. The results of Shaser's operations since November 8, 2012 are included in the Company's Condensed Consolidated Statements of Operations. Preliminary Valuation of Assets and Liabilities The assets acquired and liabilities assumed in the Shaser acquisition have been measured at their fair values at November 8, 2012 as set forth below. The excess of the purchase price over the fair values of the net tangible assets and identifiable intangible assets was recorded as goodwill, which includes value associated with the assembled workforce including an experienced research team, and is not expected to be deductible for income tax purposes. The preliminary fair values recorded were determined based upon a preliminary valuation and the estimates and assumptions used in such valuation are subject to change, which could be significant, within the measurement period (up to one year from the acquisition date). The primary areas of acquisition accounting that are not yet finalized relate to amounts for income taxes including deferred tax accounts, uncertain tax positions and net operating loss carryforwards inclusive of associated limitations and valuation allowances, certain legal matters and residual goodwill. The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser are as follows:
During the nine month period ended June 30, 2013, Spectrum Brands recorded adjustments to the preliminary valuation of assets and liabilities resulting in a net increase to goodwill of $1.7. Goodwill increased as a result further information received to support a key valuation factor that impacted the valuation of the technology asset acquired. This revised information was provided by Shaser during the period. Spectrum Brands believes that information gathered to date provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but it is waiting for additional information necessary to finalize those fair values. Thus, the provisional measurements of fair value set forth above are subject to further change. Spectrum Brands expects to complete the purchase accounting process as soon as practicable but in any event, no later than one year from the acquisition date. Preliminary Pre-Acquisition Contingencies Assumed Spectrum Brands evaluated and continues to evaluate pre-acquisition contingencies relating to Shaser that existed as of the acquisition date. Based on the evaluation to date, Specrum Brands has preliminarily determined that certain pre-acquisition contingencies are probable in nature and estimable as of the acquisition date. Accordingly, Spectrum Brands has preliminarily recorded its best estimates for these contingencies as part of the preliminary accounting for Shaser. Spectrum Brands continues to gather information relating to all pre-acquisition contingencies that it has assumed from Shaser. Any changes to the pre-acquisition contingency amounts recorded during the measurement period will be included in the final valuation and related amounts recognized. Subsequent to the end of the measurement period any adjustments to pre-acquisition contingency amounts will be reflected in Spectrum Brands' results of operations. Preliminary Valuation Adjustments Spectrum Brands performed a preliminary valuation of the acquired proprietary technology assets, the non-controlling interest and the Call Option related to Shaser at November 8, 2012. A summary of the significant key inputs is as follows:
EXCO/HGI JV The EXCO/HGI JV was formed on February 14, 2013 through transactions between subsidiaries of EXCO and HGI, resulting in the formation of the General Partner and the Partnership. Under the terms of the respective agreements, the EXCO/HGI JV acquired certain oil and natural gas assets from EXCO for $725.0 of total consideration, subject to certain customary closing adjustments of $30.5, or a net purchase price of $694.5. Immediately after the closing and the consummation of the transactions, the ownership in the Partnership was 73.5% by HGI and 24.5% by EXCO and 2% by the General Partner. In addition, HGI and EXCO each own a 50% member interest in the General Partner and each have equal representation on the General Partner's board of directors. The ownership of the Partnership and General Partnership translates into an economic ownership of the EXCO/HGI JV of 74.5%. At the closing, HGI contributed approximately $349.8 in cash (reflecting the effect of closing adjustments and the economic benefits related to the July 1, 2012 effective date) to the EXCO/HGI JV and EXCO contributed $694.5 of net assets in exchange for cash of $574.8, and retained an interest in the joint venture of $119.1. The payment to EXCO was funded through a combination of cash from HGI's contribution, and borrowings under the EXCO/HGI JV Credit Agreement. On March 5, 2013, the EXCO/HGI JV acquired certain of the shallow Cotton Valley assets from an affiliate of BG Group for $130.9, after customary preliminary purchase price adjustments. This acquisition includes oil and natural gas assets in the Danville, Waskom and Holly fields in East Texas and North Louisiana. The assets acquired by the EXCO/HGI JV represented an incremental working interest in certain properties previously owned by the EXCO/HGI JV. The acquisition was funded with borrowings from the EXCO/HGI JV Credit Agreement. The EXCO/HGI JV accounted for the acquisitions in accordance with ASC 805-10, Business Combinations. The following table presents a summary of the fair value of assets acquired and liabilities assumed as part of the acquisition:
The EXCO/HGI JV performed a valuation of the assets acquired and liabilities assumed at February 14 and March 5, 2013. A summary of the key inputs are as follows: Oil and Natural Gas Properties - HGI's proportionate share of the fair value allocated to oil and natural gas properties was $519.5 and $103.1, for the EXCO/HGI JV and the BG Cotton Valley acquisitions, respectively. The fair value of oil and natural gas properties was determined based on a discounted cash flow model of the estimated reserves. The estimated quantities of reserves utilized assumptions based on the partnership's internal geological, engineering data and financial data. The EXCO/HGI JV utilized NYMEX forward strip prices to value the reserves for a period of five years and then held prices flat thereafter. The EXCO/HGI JV then applied various discount rates depending on the classification of reserves and other risk characteristics. Gas Gathering Assets - HGI's proportionate share of the fair value allocated to gas gathering assets was $21.5. The fair value of these assets was determined based on a market approach using other recent transactions involving gathering and processing assets. The EBITDA multiple based on these market transactions was applied to the projected EBITDA of the gas gathering assets in order to calculate the fair value. Asset Retirement Obligations - HGI's proportionate share of the fair value allocated to asset retirement obligations was $18.5 and $5.6, respectively. These asset retirement obligations represent the present value of the estimated amount to be incurred to plug, abandon and remediate proved producing properties at the end of their productive lives, in accordance with applicable state laws. The fair value was determined based on a discounted cash flow model, which included assumptions of the estimated current abandonment costs, discount rate, inflation rate, and timing associated with the incurrence of these costs. The asset retirement obligations are primarily included in "Other liabilities" in the Condensed Consolidated Balance Sheets. FGL Acquisition Update On April 6, 2011, the Company acquired all of the outstanding shares of capital stock of FGL and certain intercompany loan agreements between the seller, as lender, and FGL, as borrower, for cash consideration of $350.0 (including $5.0 re-characterized as an expense), which amount could be reduced by up to $50.0 post closing (as discussed further below). Contingent Purchase Price Reduction As contemplated by the terms of the F&G Stock Purchase Agreement, Front Street Re, Ltd. ("Front Street"), a then recently formed Bermuda-based reinsurer and wholly-owned subsidiary of the Company sought to enter into a reinsurance agreement (the "Front Street Reinsurance Transaction") with FGL whereby Front Street would reinsure up to $3,000.0 of insurance obligations under annuity contracts of FGL, and Harbinger Capital Partners II LP ("HCP II"), an affiliate of the Principal Stockholders, would be appointed the investment manager of up to $1,000.0 of assets securing Front Street’s reinsurance obligations under the reinsurance agreement. These assets would be deposited in a reinsurance trust account for the benefit of FGL. The Front Street Reinsurance Transaction required the approval of the Maryland Insurance Administration (the "MIA"). The F&G Stock Purchase Agreement provides that, the seller may be required to pay up to $50.0 as a post-closing reduction in purchase price if, among other things, the Front Street Reinsurance Transaction is not approved by the MIA or is approved subject to certain restrictions or conditions. FGL received written notice, dated January 10, 2012, from the MIA, rejecting the Front Street Reinsurance Transaction, as proposed by the respective parties. HGI notified the seller of the failure of the MIA to approve the Front Street Reinsurance Transaction and sought the purchase price reduction.The seller refused, and HGI is pursuing all available options to recover the full purchase price reduction, including the commencement of litigation against the seller; however, the outcome of any such action is subject to risk and uncertainty and there can be no assurance that any or all of the $50.0 purchase price reduction will be obtained by HGI. Prior to the receipt of the written rejection notice from the MIA, management believed, based on the facts and circumstances at that time, that the likelihood was remote that the purchase price would be required to be reduced. Therefore a fair value of zero had been assigned to the contingent purchase price reduction as of the FGL Acquisition date and at each subsequent quarterly remeasurement date through January 1, 2012. Management now believes that it is near certain that the purchase price will be required to be reduced by the full $50.0 amount and has estimated a fair value of $41.0 for the contingent receivable as of June 30, 2013 (essentially unchanged from September 30, 2012 and July 1, 2012), reflecting appropriate discounts for potential litigation and regulatory action, length of time until expected payment is received and a credit insurance risk premium. Such $41.0 estimated fair value of the contingent receivable has been reflected in "Receivables, net" in the Condensed Consolidated Balance Sheets as of June 30, 2013. A corresponding credit to "Gain on contingent purchase price reduction" was recorded in earnings during Fiscal 2012. Supplemental Pro Forma Information The following table reflects the Company’s pro forma results as if the Hardware Acquisition and the acquisition of the Company's interest in the EXCO/HGI JV were completed on October 1, 2011 and the results of the HHI Business and the EXCO/HGI JV had been included in the full three and nine months ended June 30, 2013 and July 1, 2012.
Acquisition and Integration Related Charges Acquisition and integration related charges reflected in "Selling, acquisition, operating and general expenses" in the accompanying Condensed Consolidated Statements of Operations include, but are not limited to transaction costs such as banking, legal and accounting professional fees directly related to an acquisition or potential acquisition, termination and related costs for transitional and certain other employees, integration related professional fees and other post business combination related expenses. Such charges for the three and nine months ended June 30, 2013 relate primarily to the Hardware Acquisition and the EXCO/HGI JV acquisition, and for the three and nine months ended July 1, 2012 relate primarily to the Spectrum Brands merger with Russell Hobbs, Inc. (the "SB/RH Merger") and the acquisition of FURminator. The following table summarizes acquisition and integration related charges incurred by the Company for the three and nine months ended June 30, 2013 and July 1, 2012:
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Investments | Investments HGI’s investments consist of (1) marketable equity securities classified as trading and carried at fair value with unrealized gains and losses recognized in earnings, including certain securities for which the Company has elected the fair value option under Accounting Standards Codification ("ASC") Topic 825, Financial Instruments, which would otherwise have been classified as available-for-sale; (2) U.S. Treasury securities and a certificate of deposit classified as held-to-maturity and carried at amortized cost, which approximates fair value; (3) FGL’s debt and equity securities have been designated as available-for-sale and are carried at fair value with unrealized gains and losses included in AOCI, net of associated adjustments for value of business acquired ("VOBA"), deferred acquisition costs ("DAC") and deferred income taxes; and (4) asset-backed loan receivables originated by Salus, which are carried at the the principal amount outstanding, adjusted for an allowance for credit losses. The Company’s consolidated investments are summarized as follows:
Included in AOCI were unrealized gains of $0.9 and unrealized losses of $1.9 related to the non-credit portion of other-than-temporary impairments on non-agency residential mortgage-backed securities at both June 30, 2013 and September 30, 2012, respectively. The structured security write downs represent additional write downs on securities that were previously impaired. There have been no impairments or write downs on any of the recently purchased non-agency residential mortgage-backed securities. Securities held on deposit with various state regulatory authorities had a fair value of $19.6 and $20.7 at June 30, 2013 and September 30, 2012, respectively. Maturities of Fixed-maturity Securities The amortized cost and fair value of fixed maturity available-for-sale securities by contractual maturities, as applicable, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or pre-pay obligations.
Securities in an Unrealized Loss Position FGL's available-for-sale securities with unrealized losses are reviewed for potential other-than-temporary impairments. In evaluating whether a decline in value is other-than-temporary, FGL considers several factors including, but not limited to the following: (1) the extent and the duration of the decline; (2) the reasons for the decline in value (credit event, currency or interest-rate related, including general credit spread widening); and (3) the financial condition of and near-term prospects of the issuer. FGL also considers the ability and intent to hold the investment for a period of time to allow for a recovery of value. FGL analyzes its ability to recover the amortized cost by comparing the net present value of cash flows expected to be collected with the amortized cost of the security. For mortgage-backed and asset-backed securities, cash flow estimates consider the payment terms of the underlying assets backing a particular security, including interest rate and prepayment assumptions, based on data from widely accepted third-party data sources or internal estimates. In addition to interest rate and prepayment assumptions, cash flow estimates also include other assumptions regarding the underlying collateral including default rates and recoveries, which vary based on the asset type and geographic location, as well as the vintage year of the security. For structured securities, the payment priority within the tranche structure is also considered. For all other debt securities, cash flow estimates are driven by assumptions regarding probability of default and estimates regarding timing and amount of recoveries associated with a default. If the net present value is less than the amortized cost of the investment, an other-than-temporary impairment is recognized. FGL has concluded that the fair values of the securities presented in the table below were not other-than-temporarily impaired as of June 30, 2013. The fair value and gross unrealized losses of available-for-sale securities, aggregated by investment category, were as follows:
At June 30, 2013 and September 30, 2012, securities in an unrealized loss position were primarily concentrated in investment grade corporate debt instruments, residential mortgage-backed securities and municipals. Total unrealized losses were $217.5 and $30.6 at June 30, 2013 and September 30, 2012, respectively. The increase in the unrealized loss position is largely due to the increase in Treasury yields over the reporting period. 10 year US Treasury yields increased from 1.63% at September 30, 2012 to 2.48% at June 30, 2013. As a result, corporate debt holdings generally declined in value during this period. The increase in Treasury yields during the June fiscal quarter is attributable to concerns about the cessation of liquidity measures being provided by the Federal Reserve. These concerns were coupled with fears that reduced stimulus would crimp liquidity and affect risk assets, and as a result, credit spreads widened in June. Although elevated Treasury yields, and most recently, credit spreads have resulted in an increase in the unrealized loss position in the portfolio, FGL noted that the largest component of this increase is in securities priced between 90% and 100% of market value. Additionally, FGL noted that the portfolio's exposure to floating rate and less rate-sensitive assets has provided a buffer to rising Treasury yields. At June 30, 2013 and September 30, 2012, securities with a fair value of $25.4 and $1.2, respectively, were depressed greater than 20% of amortized cost (excluding United States Government and United States Government sponsored agency securities), which represented less than 1% of the carrying values of all investments. The increase in unrealized loss positions from September 30, 2012 is primarily due to increases in Treasury yields during this period. Based upon FGL's current evaluation of these securities in accordance with its impairment policy and its intent to retain these investments for a period of time sufficient to allow for recovery in value, FGL has determined that these securities are not other-than-temporarily impaired. Credit Loss Portion of Other-than-temporary Impairments The following table provides a reconciliation of the beginning and ending balances of the credit loss portion of other-than-temporary impairments on fixed maturity securities held by FGL for the three and nine months ended June 30, 2013 and July 1, 2012, for which a portion of the other-than-temporary impairment was recognized in AOCI:
For the three and nine months ended June 30, 2013, FGL recognized impairment losses in operations totaling $0.7 and $1.6, respectively, including credit impairments of $0.5 and $0.8 and change-of-intent impairments of $0.2 and $0.9 and had an amortized cost of $4.1 and a fair value of $2.4 at the time of impairment, respectively. For the three and nine months ended July 1, 2012, FGL recognized impairment losses in operations totaling $2.5 and $19.8, respectively, including credit impairments of $0.7 and $4.7, and change-of-intent impairments of $1.8 and $15.0 and had an amortized cost of $101.9 and a fair value of $80.6 at the time of impairment. Details underlying write-downs taken as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on securities were as follows:
Asset-backed Loans "Asset-backed loans" in the Condensed Consolidated Balance Sheets as of June 30, 2013 and September 30, 2012, consisted of the following:
Allowance for credit losses are established through a provision for credit losses based on its evaluation of the credit quality of its loan portfolio. The following table presents the activity in its allowance for credit losses for the three and nine months ended June 30, 2013 and July 1, 2012:
The Company monitors credit quality as indicated by various factors and utilizes such information in its evaluation of the adequacy of the allowance for credit losses. As of June 30, 2013 and September 30, 2012, we had no outstanding loans that either were non-performing, in a non-accrual status, or had been subject to a troubled-debt restructuring. As of June 30, 2013 and September 30, 2012, there were no outstanding loans that had been individually considered impaired, as all loans were in current payment status. Our Internal loan ratings provide information about the credit quality of its asset-based lending borrowers, and its risk of potential loss. The following tables present information about the credit quality of the asset-based loan portfolio, based on National Association of Insurance Commissioners ("NAIC") risk rating, as of June 30, 2013 and September 30, 2012:
Net Investment Income The major sources of "Net investment income" on the accompanying Condensed Consolidated Statements of Operations were as follows:
Net investment gains (losses) "Net investment gains (losses)" reported on the accompanying Condensed Consolidated Statements of Operations were as follows:
For the three and nine months ended June 30, 2013, principal repayments, calls, tenders, and proceeds from the sale of fixed maturity available-for-sale securities totaled $836.0 and $5,741.6, gross gains on such sales totaled $35.0 and $284.0 and gross losses totaled $0.5 and $1.0, respectively. The proceeds from the sale of fixed maturity available-for sale securities exclude maturities and repayments for the three and nine months ended June 30, 2013. For the three and nine months ended July 1, 2012, principal repayments, calls, tenders, and proceeds from the sale of fixed maturity available-for-sale securities, including assets transferred to Wilton Re as discussed in Note 12 totaled $1,216.2 and $4,366.3, gross gains on such sales totaled $49.5 and $211.9 and gross losses totaled $9.2 and $20.9, respectively. The proceeds from the sale of fixed maturity available-for sale securities exclude maturities and repayments for the three and nine months ended July 1, 2012. Underlying write-downs taken to fixed maturity available-for-sale securities as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on securities above were $0.7 and $1.6 for the three and nine months ended June 30, 2013, respectively and were $2.5 and $19.8 for the three and nine months ended July 1, 2012, respectively. Cash flows from consolidated investing activities by security classification were as follows:
Concentrations of Financial Instruments As of June 30, 2013, the Company’s most significant investment in one industry, excluding treasuries, was FGL’s investment securities in the banking industry with a fair value of $1,944.6, or 11.8%, of the invested assets portfolio. FGL’s holdings in this industry includes investments in 78 different issuers with the top ten investments accounting for 34.9% of the total holdings in this industry. As of June 30, 2013 and September 30, 2012 the Company had investments in 13 issuers that exceeded 10% of the Company's stockholders’ equity with a fair value of $1,629.2 and $1,625.9, or 10.0% and 9.8% of the invested assets portfolio, respectively. Additionally, FGL’s largest concentration in any single issuer as of June 30, 2013 and September 30, 2012 had a fair value of $156.9 and $152.9, or 1.0% and 0.7% of FGL's invested assets portfolio, respectively. |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Financial Instruments | Derivative Financial Instruments The fair value of outstanding derivative contracts recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
Changes in AOCI from Derivative Instruments For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative, representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness, are recognized in current earnings. The following table summarizes the pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI, for the three and nine months ended June 30, 2013 and July 1, 2012:
Fair Value Contracts and Other For derivative instruments that are used to economically hedge the fair value of Spectrum Brands’ third party and intercompany foreign currency payments, commodity purchases and interest rate payments, and the equity conversion feature of the Company’s Preferred Stock, the gain (loss) associated with the derivative contract is recognized in earnings in the period of change. FGL recognizes all derivative instruments as assets or liabilities in the Condensed Consolidated Balance Sheets at fair value, including derivative instruments embedded in Fixed Indexed Annuity ("FIA") contracts, and any changes in the fair value of the derivatives are recognized immediately in the Condensed Consolidated Statements of Operations. During the three and nine months ended June 30, 2013 and July 1, 2012 the Company recognized the following gains (losses) on these derivatives:
Additional Disclosures Cash Flow Hedges When appropriate, Spectrum Brands has used interest rate swaps to manage its interest rate risk. The swaps are designated as cash flow hedges with the changes in fair value recorded in AOCI and as a derivative hedge asset or liability, as applicable. The swaps settle periodically in arrears with the related amounts for the current settlement period payable to, or receivable from, the counter-parties included in accrued liabilities or receivables, respectively, and recognized in earnings as an adjustment to interest expense from the underlying debt to which the swap is designated. At June 30, 2013, Spectrum Brands did not have any interest rate swaps outstanding. Spectrum Brands periodically enters into forward foreign exchange contracts to hedge the risk from forecasted foreign currency denominated third party and intercompany sales or payments. These obligations generally require Spectrum Brands to exchange foreign currencies for U.S. Dollars, Euros, Pounds Sterling, Australian Dollars, Brazilian Reals, Mexican Pesos, Canadian Dollars or Japanese Yen. These foreign exchange contracts are cash flow hedges of fluctuating foreign exchange related to sales of product or raw material purchases. Until the sale or purchase is recognized, the fair value of the related hedge is recorded in AOCI and as a derivative hedge asset or liability, as applicable. At the time the sale or purchase is recognized, the fair value of the related hedge is reclassified as an adjustment to "Net consumer product sales" or purchase price variance in "Consumer products cost of goods sold." At June 30, 2013, Spectrum Brands had a series of foreign exchange derivative contracts outstanding through June 2014 with a contract value of $228.4. The derivative net gain on these contracts recorded in AOCI at June 30, 2013 was $2.4, net of tax expense of $1.5 and noncontrolling interest of $1.7. At June 30, 2013, the portion of derivative net gain estimated to be reclassified from AOCI into earnings over the next twelve months is $2.2, net of tax and noncontrolling interest. Spectrum Brands is exposed to risk from fluctuating prices for raw materials, specifically zinc and brass used in its manufacturing processes. Spectrum Brands hedges a portion of the risk associated with the purchase of these materials through the use of commodity swaps. The hedge contracts are designated as cash flow hedges with the fair value changes recorded in AOCI and as a hedge asset or liability, as applicable. The unrecognized changes in fair value of the hedge contracts are reclassified from AOCI into earnings when the hedged purchase of raw materials also affects earnings. The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At June 30, 2013, Spectrum Brands had a series of zinc swap contracts outstanding through September 2014 for 10 tons of raw materials with a contract value of $20.4. At June 30, 2013, Spectrum Brands had a series of brass swap contracts outstanding through September 2014 for one ton with a contract value of $5.6. The derivative net (loss) on these contracts recorded in AOCI at June 30, 2013 was $(0.7), net of tax benefit of $0.1 and noncontrolling interest of $0.4. At June 30, 2013, the portion of derivative net (loss) estimated to be reclassified from AOCI into earnings over the next twelve months is $(0.6), net of tax and noncontrolling interest. Fair Value Contracts Spectrum Brands Spectrum Brands periodically enters into forward and swap foreign exchange contracts to economically hedge the risk from third party and intercompany payments resulting from existing obligations. These obligations generally require Spectrum Brands to exchange foreign currencies for U.S. Dollars, Canadian Dollars, Euros or Australian Dollars. These foreign exchange contracts are fair value hedges of a related liability or asset recorded in the accompanying Condensed Consolidated Balance Sheets. The gain or loss on the derivative hedge contracts is recorded in earnings as an offset to the change in value of the related liability or asset at each period end. At June 30, 2013 and September 30, 2012, Spectrum Brands had $112.7 and $172.6, respectively, of notional value for such foreign exchange derivative contracts outstanding. Spectrum Brands periodically enters into commodity swap contracts to economically hedge the risk from fluctuating prices for raw materials, specifically the pass-through of market prices for silver used in manufacturing purchased watch batteries. Spectrum Brands hedges a portion of the risk associated with these materials through the use of commodity swaps. The swap contracts are designated as economic hedges with the unrealized gain or loss recorded in earnings and as an asset or liability at each period end. The unrecognized changes in fair value of the hedge contracts are adjusted through earnings when the realized gains or losses affect earnings upon settlement of the hedges. The swaps effectively fix the floating price on a specified quantity of silver through a specified date. At June 30, 2013, Spectrum Brands had a series of such swap contracts outstanding through April 2014 for 60 troy ounces with a contract value of $1.2. FGL - FIA Contracts FGL has FIA contracts that permit the holder to elect an interest rate return or an equity index linked component, where interest credited to the contracts is linked to the performance of various equity indices, primarily the Standard and Poor’s ("S&P") 500 Index. This feature represents an embedded derivative under US GAAP. The FIA embedded derivative is valued at fair value and included in the liability for contractholder funds in the accompanying Condensed Consolidated Balance Sheets with changes in fair value included as a component of "Benefits and other changes in policy reserves" in the Condensed Consolidated Statements of Operations. FGL purchases derivatives consisting of a combination of call options and futures contracts on the applicable market indices to fund the index credits due to FIA contractholders. The call options are one, two and three year options purchased to match the funding requirements of the underlying policies. On the respective anniversary dates of the index policies, the index used to compute the interest credit is reset and FGL purchases new one, two or three year call options to fund the next index credit. FGL manages the cost of these purchases through the terms of its FIA contracts, which permit FGL to change caps or participation rates, subject to guaranteed minimums, on each contract’s anniversary date. The change in the fair value of the call options and futures contracts is generally designed to offset the portion of the change in the fair value of the FIA embedded derivative related to index performance. The call options and futures contracts are marked to fair value with the change in fair value included as a component of "Net investment gains (losses)." The change in fair value of the call options and futures contracts includes the gains and losses recognized at the expiration of the instrument term or upon early termination and the changes in fair value of open positions. Other market exposures are hedged periodically depending on market conditions and FGL’s risk tolerance. FGL’s FIA hedging strategy economically hedges the equity returns and exposes FGL to the risk that unhedged market exposures result in divergence between changes in the fair value of the liabilities and the hedging assets. FGL uses a variety of techniques, including direct estimation of market sensitivities and value-at-risk, to monitor this risk daily. FGL intends to continue to adjust the hedging strategy as market conditions and FGL’s risk tolerance change. Oil and natural gas commodity contracts The EXCO/HGI JV's primary objective in entering into derivative financial instruments is to manage its exposure to commodity price fluctuations, protect its returns on investments and achieve a more predictable cash flow in connection with its operations. These transactions limit exposure to declines in commodity prices, but also limit the benefits the EXCO/HGI JV would realize if commodity prices increase. When prices for oil and natural gas are volatile, a significant portion of the effect of the EXCO/HGI JV's derivative financial instrument management activities consists of non-cash income or expense due to changes in the fair value of its derivative financial instrument contracts. Cash losses or gains only arise from payments made or received on monthly settlements of contracts or if the EXCO/HGI JV terminates a contract prior to its expiration. The EXCO/HGI JV does not designate its derivative financial instruments as hedging instruments for financial accounting purposes.
Settlements in the normal course of maturities of derivative financial instrument contracts result in cash receipts from, or cash disbursements to, the EXCO/HGI JV's derivative contract counterparties. Changes in the fair value of the EXCO/HGI JV's derivative financial instrument contracts, which includes both cash settlements and non-cash changes in fair value, are included in income with a corresponding increase or decrease in the Condensed Consolidated Balance Sheets fair value amounts. The EXCO/HGI JV's natural gas and oil commodity contract derivative instruments are comprised of swap contracts. Swap contracts allow the EXCO/HGI JV to receive a fixed price and pay a floating market price to the counterparty for the hedged commodity. The following table presents the volumes and fair value of the EXCO/HGI JV's oil and natural gas derivative financial instruments as of June 30, 2013 (presented on a calendar-year basis) :
At February 14, 2013, the EXCO/HGI JV had outstanding derivative contracts to mitigate price volatility covering 13,365.3 Billion British Thermal Units ("Mmmbtus") of natural gas and 408.0 Thousand Barrels ("Mbbls") of oil. At June 30, 2013, the average forward NYMEX oil prices per barrel ("Bbl") for the remainder of 2013 and calendar year 2014 were $95.12 and $89.97, respectively, and the average forward NYMEX natural gas prices per Mmbtu for the remainder of 2013 and calendar year 2014, were $3.64 and $3.91, respectively. The EXCO/HGI JV's derivative financial instruments covered approximately 76.8% of production volumes for the three months ended June 30, 2013, and approximately 69.7% of production volumes from inception to June 30, 2013. Credit Risk Spectrum Brands is exposed to the risk of default by the counterparties with which Spectrum Brands transacts and generally does not require collateral or other security to support financial instruments subject to credit risk. Spectrum Brands monitors counterparty credit risk on an individual basis by periodically assessing each such counterparty’s credit rating exposure. The maximum loss due to credit risk equals the fair value of the gross asset derivatives that are concentrated with certain domestic and foreign financial institution counterparties. Spectrum Brands considers these exposures when measuring its credit reserve on its derivative assets, which was insignificant at June 30, 2013 and $0.1 at September 30, 2012, respectively. Spectrum Brands’ standard contracts do not contain credit risk related contingent features whereby Spectrum Brands would be required to post additional cash collateral as a result of a credit event. However, Spectrum Brands is typically required to post collateral in the normal course of business to offset its liability positions. At June 30, 2013 and September 30, 2012, Spectrum Brands had posted cash collateral of $0.5 and $0.1, respectively, related to such liability positions. In addition, at June 30, 2013 and September 30, 2012, Spectrum Brands had no posted standby letters of credit related to such liability positions. The cash collateral is included in "Receivables, net" within the accompanying Condensed Consolidated Balance Sheets. The EXCO/HGI JV places derivative financial instruments with the financial institutions that are lenders under the EXCO/HGI JV Credit Agreement that it believes have high quality credit ratings. To mitigate risk of loss due to default, the EXCO/HGI JV has entered into master netting agreements with its counterparties on its derivative financial instruments that allow it to offset its asset position with its liability position in the event of a default by the counterparty. FGL is exposed to credit loss in the event of nonperformance by its counterparties on the call options and reflects assumptions regarding this nonperformance risk in the fair value of the call options. The nonperformance risk is the net counterparty exposure based on the fair value of the open contracts less collateral held. FGL maintains a policy of requiring all derivative contracts to be governed by an International Swaps and Derivatives Association ("ISDA") Master Agreement. Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
Collateral Agreements FGL is required to maintain minimum ratings as a matter of routine practice under its ISDA agreements. Under some ISDA agreements, FGL has agreed to maintain certain financial strength ratings. A downgrade below these levels provides the counterparty under the agreement the right to terminate the open derivative contracts between the parties, at which time any amounts payable by FGL or the counterparty would be dependent on the market value of the underlying derivative contracts. FGL’s current rating allows multiple counterparties the right to terminate ISDA agreements. No ISDA agreements have been terminated, although the counterparties have reserved the right to terminate the ISDA agreements at any time. In certain transactions, FGL and the counterparty have entered into a collateral support agreement requiring either party to post collateral when the net exposures exceed pre-determined thresholds. These thresholds vary by counterparty and credit rating. As of June 30, 2013 and September 30, 2012, no collateral was posted by FGL’s counterparties as they did not meet the net exposure thresholds. Accordingly, the maximum amount of loss due to credit risk that FGL would incur if parties to the call options failed completely to perform according to the terms of the contracts was $227.4 and $200.7 at June 30, 2013 and September 30, 2012, respectively. FGL held 1,244 and 2,835 futures contracts at June 30, 2013 and September 30, 2012, respectively. The fair value of futures contracts represents the cumulative unsettled variation margin (open trade equity net of cash settlements). FGL provides cash collateral to the counterparties for the initial and variation margin on the futures contracts which is included in "Cash and cash equivalents" in the Condensed Consolidated Balance Sheets. The amount of collateral held by the counterparties for such contracts was $4.3 and $9.8 at June 30, 2013 and September 30, 2012, respectively. |
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Securitizations and Variable Interest Entities [Text Block] | Securitizations and Variable Interest Entities Collateralized Loan Obligations (CLOs) In February 2013, Salus completed a CLO securitization with a notional aggregate principal amount of $175.5 of the asset-backed loans that it had originated through that date as part of a facility that could issue up to $250.0 of collateralized loan obligations. Salus' continuing involvement with the trust created as part of the securitization include servicing the receivables; retaining an undivided interest (seller's interest) in the receivables; and holding certain retained interests in subordinate securities, subordinate interests in accrued interest and fees on the securitized receivables, and cash reserve accounts. Salus continues to consolidate the loans transferred into the trust as it has determined that it is the primary beneficiary of the variable-interest entity represented by the trust, as result of it holding subordinate interest and servicing the receivables. Neither the Company nor Salus provided guarantees or recourse to the securitization trust other than standard representations and warranties. Included within "Asset-backed loans" under Investments in the Condensed Consolidated Balance Sheet as of June 30, 2013 were asset-based loans of $212.0 that serve as collateral to the obligations of the CLO of $225.0, of which $57.5 are held by unaffiliated entities. The unaffiliated obligations of the CLO are included within "Debt" in the Condensed Consolidated Balance Sheet as of June 30, 2013. At June 30, 2013, the asset-backed loans receivable included $62.5 of seller's interest. The table below summarizes select information related to the CLO vehicle in which Salus held a variable interest at June 30, 2013.
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Proportionaly Consolidated Equity Method Investments (Notes)
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Proportionately Consolidated Equity Method Investments [Text Block] | (7) Equity-method investments EXCO/HGI JV The following tables present summarized consolidated financial information of HGI's proportionately consolidated equity investment in the EXCO/HGI JV, for the period subsequent to HGI's acquisition of the equity interest on February 14, 2013.
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Fair Value of Financial Instruments
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Jun. 30, 2013
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s measurement of fair value is based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset or non-performance risk, which may include the Company’s own credit risk. The Company’s estimate of an exchange price is the price in an orderly transaction between market participants to sell the asset or transfer the liability ("exit price") in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability, as opposed to the price that would be paid to acquire the asset or receive a liability ("entry price"). The Company categorizes financial instruments carried at fair value into a three-level fair value hierarchy, based on the priority of inputs to the respective valuation technique. The three-level hierarchy for fair value measurement is defined as follows: Level 1 — Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date. Level 2 — Inputs include quoted prices for similar assets or liabilities in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the instrument. Such inputs include market interest rates and volatilities, spreads and yield curves. Level 3 — Certain inputs are unobservable (supported by little or no market activity) and significant to the fair value measurement. Unobservable inputs reflect the Company’s best estimate of what hypothetical market participants would use to determine a transaction price for the asset or liability at the reporting date based on the best information available in the circumstances. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lower level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. When a determination is made to classify an asset or liability within Level 3 of the fair value hierarchy, the determination is based upon the significance of the unobservable inputs to the overall fair value measurement. Because certain securities trade in less liquid or illiquid markets with limited or no pricing information, the determination of fair value for these securities is inherently more difficult. However, Level 3 fair value investments may include, in addition to the unobservable or Level 3 inputs, observable components, which are components that are actively quoted or can be validated to market-based sources. The carrying amounts and estimated fair values of the Company’s consolidated financial instruments for which the disclosure of fair values is required, including (i) financial assets and liabilities measured and carried at fair value on a recurring basis, and (ii) financial assets and liabilities not measured at fair value but for which fair value disclosures are required; are summarized according to the hierarchy previously described as follows:
Valuation Methodologies FGL measures the fair value of its securities based on assumptions used by market participants in pricing the security. The most appropriate valuation methodology is selected based on the specific characteristics of the fixed maturity or equity security, and FGL will then consistently apply the valuation methodology to measure the security’s fair value. FGL’s fair value measurement is based on a market approach, which utilizes prices and other relevant information generated by market transactions involving identical or comparable securities. Sources of inputs to the market approach include a third-party pricing service, independent broker quotations or pricing matrices. FGL uses observable and unobservable inputs in its valuation methodologies. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. In addition, market indicators and industry and economic events are monitored and further market data will be acquired when certain thresholds are met. For certain security types, additional inputs may be used, or some of the inputs described above may not be applicable. For broker-quoted only securities, quotes from market makers or broker-dealers are obtained from sources recognized to be market participants. Management believes the broker quotes are prices at which trades could be executed based on historical trades executed at broker-quoted or slightly higher prices. The fair value of the asset-backed loans originated by Salus approximate their carrying value, as those loans carry a variable rate, are revolving in nature, and can be settled at the demand of either party. FGL did not adjust prices received from third parties as of June 30, 2013 and September 30, 2012. However, FGL does analyze the third party valuation methodologies and its related inputs to perform assessments to determine the appropriate level within the fair value hierarchy. The fair value of derivative assets and liabilities is based upon valuation pricing models, which represents what FGL would expect to receive or pay at the balance sheet date if it cancelled the options, entered into offsetting positions, or exercised the options. The fair value of futures contracts represents the cumulative unsettled variation margin (open trade equity net of cash settlements). Fair values for these instruments are determined externally by an independent actuarial firm using market observable inputs, including interest rates, yield curve volatilities, and other factors. Credit risk related to the counterparty is considered when estimating the fair values of these derivatives. The fair values of the embedded derivatives in FGL’s FIA products are derived using market indices, pricing assumptions and historical data. Investment contracts include deferred annuities, FIAs, IUL and immediate annuities. The fair values of deferred annuity, FIAs, and IUL contracts are based on their cash surrender value (i.e. the cost FGL would incur to extinguish the liability) as these contracts are generally issued without an annuitization date. The fair value of immediate annuities contracts is derived by calculating a new fair value interest rate using the updated yield curve and treasury spreads as of the respective reporting date. At June 30, 2013 and September 30, 2012, this resulted in lower fair value reserves relative to the carrying value. FGL is not required to and has not estimated the fair value of the liabilities under contracts that involve significant mortality or morbidity risks, as these liabilities fall within the definition of insurance contracts that are exceptions from financial instruments that require disclosure of fair value. The EXCO/HGI JV evaluates oil and natural gas derivative assets and liabilities in accordance with master netting agreements with the derivative counterparties, but reports them on a gross basis on the Condensed Consolidated Balance Sheets. Net derivative asset values are determined primarily by quoted futures prices and utilization of the counterparties’ credit-adjusted risk-free rate curves and net derivative liabilities are determined by utilization of a credit-adjusted risk-free rate curve. The credit-adjusted risk-free rates of EXCO/HGI JV's counterparties are based on an independent market-quoted credit default swap rate curve for the counterparties’ debt plus the London Interbank Offered Rate ("LIBOR") curve as of the end of the reporting period. The EXCO/HGI JV's credit-adjusted risk-free rate is based on its cost of debt plus the LIBOR curve as of the end of the reporting period. The EXCO/HGI JV's oil derivatives are swap contracts for notional Bbls of oil at fixed NYMEX West Texas Intermediate ("WTI") oil prices. The asset and liability values attributable to oil derivatives as of the end of the reporting period are based on (i) the contracted notional volumes, (ii) independent active NYMEX futures price quotes for WTI oil, and (iii) the applicable estimated credit-adjusted risk-free rate curve, as described above. The EXCO/HGI JV's natural gas derivatives are swap contracts for notional Mmbtus of natural gas at posted price indexes, including NYMEX Henry Hub ("HH") swap contracts. The asset and liability values attributable to natural gas derivatives as of the end of the reporting period are based on (i) the contracted notional volumes, (ii) independent active NYMEX futures price quotes for HH for natural gas swaps, and (iii) the applicable credit-adjusted risk-free rate curve, as described above. Goodwill, intangible assets and other long-lived assets are also tested annually or if an event occurs that indicates an impairment loss may have been incurred using fair value measurements with unobservable inputs (Level 3). Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of June 30, 2013 is as follows:
The significant unobservable inputs used in the fair value measurement of the contingent purchase price reduction receivable are the probability of collection depending on the outcomes of litigation and regulatory action, the expected term until payment, discount rate and the credit insurance risk premium. Generally, an increase in the assumptions for the expected term, discount rate and credit insurance risk premium would decrease the fair value of the contingent purchase price receivable. An increase in the probability of collection would increase the fair value of the contingent purchase price reduction receivable. The significant unobservable inputs used in the fair value measurement of FIA embedded derivatives included in contractholder funds are market value of option, interest swap rates, mortality multiplier, surrender rates, and non-performance spread. The mortality multiplier is based on the 1983 annuity table and assumes the contractholder population is 50% female and 50% male. Significant increases (decreases) in the market value of option in isolation would result in a higher (lower) fair value measurement. Significant increases (decreases) in interest swap rates, mortality multiplier, surrender rates, or non-performance spread in isolation would result in a lower (higher) fair value measurement. Generally, a change in any one unobservable input would not result in a change in any other unobservable input. The significant unobservable inputs used in the fair value measurement of the equity conversion feature of the Company’s Preferred Stock are annualized volatility of the market value of the Company’s listed shares of common stock, the discount yield as of the valuation date, a calibration factor to the issued date fair value of the Preferred Stock and the forecasted non-cash accretion rate. Significant increases (decreases) in any of the inputs in isolation would result in a significantly higher (lower) fair value measurement. Generally, an increase in the assumptions used for the volatility and discount yield assumptions would increase the fair value of the equity conversion feature of preferred stock, and maintaining a higher forecasted non-cash accretion rate, would also increase the fair value of the equity conversion feature of preferred stock. A decrease in the calibration factor would result in an increase in the fair value of the equity conversion feature of preferred stock. The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three and nine months ended June 30, 2013 and July 1, 2012. This summary excludes any impact of amortization of VOBA and DAC. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
FGL reviews the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in and out of Level 3, or between other levels, at the beginning fair value for the reporting period in which the changes occur. FGL transferred $79.3 U.S. Government securities from Level 1 into Level 2 for the nine months ended June 30, 2013 reflecting the level of market activity in these instruments and there were no transfers between Level 1 and Level 2 for the three and nine months ended July 1, 2012. Primary market issuance and secondary market activity for certain asset-backed and hybrid securities during the three and nine months ended June 30, 2013, as well corporate securities during the three and nine months ended June 30, 2013, increased the market observable inputs used to establish fair values for similar securities. These factors, along with more consistent pricing from third-party sources, resulted in FGL concluding that there is sufficient trading activity in similar instruments to support classifying these securities as Level 2 as of June 30, 2013. Accordingly, FGL’s assessment resulted in a net transfer out of Level 3 of $53.0 related to corporate, hybrid and asset-backed securities during the nine months ended June 30, 2013. FGL's assessment resulted in a net transfer out of Level 3 of $13.6 and $15.8 related to municipals, agency and non-agency residential mortgage-backed securities and a net transfer into Level 3 of $43.9 and $44.4 related to asset-backed securities and corporates during the three and nine months ended July 1, 2012, respectively. |
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangibles, including DAC and VOBA | Goodwill and Intangibles, including DAC and VOBA A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGL’s deferred acquisition costs ("DAC") and value of business acquired ("VOBA") balances, are as follows:
Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. Definite lived intangible assets include customer relationships, proprietary technology intangibles and certain trade names that are amortized using the straight-line method over their estimated useful lives of ranging from one to twenty years. Goodwill and indefinite lived trade name intangibles are not amortized and are tested for impairment at least annually at the Company's August financial period end, or more frequently if an event or circumstance indicates that an impairment loss may have been incurred between annual impairment tests. Amortization of DAC and VOBA is based on the amount of gross margins or profits recognized, including investment gains and losses. The adjustment for unrealized net investment losses represents the amount of DAC and VOBA that would have been amortized if such unrealized gains and losses had been recognized. This is referred to as the "shadow adjustments" as the additional amortization is reflected in other comprehensive income rather than the statement of operations. As of June 30, 2013 and September 30, 2012, the VOBA balance included cumulative adjustments for net unrealized investment (gains) of $128.1 and $339.4, respectively, and the DAC balances included cumulative adjustments for net unrealized investment (gains) of $1.1 and $50.7, respectively. Amortization of VOBA and DAC for the three months ended June 30, 2013 and July 1, 2012 was $37.3 and $23.8, and $27.4 and $3.1 respectively. Amortization of VOBA and DAC for the nine months ended June 30, 2013 and July 1, 2012 was $113.0 and $101.3, and $50.1 and $10.7, respectively. The above DAC balances include $20.6 and $9.1 of deferred sales inducements ("DSI"), net of shadow adjustments, as of June 30, 2013 and September 30, 2012, respectively. Definite lived intangible assets are summarized as follows:
Amortization expense for definite lived intangible assets is as follows:
The Company estimates annual amortization expense of amortizable intangible assets for the next five fiscal years will approximate $78.5 per year. The weighted average amortization period for VOBA and DAC are approximately 4.9 and 7.7 years, respectively. Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:
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Jun. 30, 2013
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt | Debt The Company’s consolidated debt consists of the following:
HGI In December 2012, the Company issued the 7.875% Notes and used part of the proceeds of the offering to accept for purchase $498.0 aggregate principal amount of its 10.625% Notes pursuant to a tender offer for the 10.625% Notes. Additionally, the Company deposited sufficient funds in trust with the trustee under the indenture governing the 10.625% Notes in satisfaction and discharge of the remaining $2.0 aggregate principal amount of the 10.625% Notes (the "Satisfaction and Discharge"). The remaining 10.625% Notes were redeemed by the trustee on January 23, 2013. In connection with the Tender Offer and Satisfaction and Discharge, HGI recorded $58.9 of charges to "Interest Expense" in the Condensed Consolidated Statements of Operations for the nine months ended June 30, 2013, consisting of $45.7 cash charges for fees and expenses related to the Tender Offer, $0.2 cash charges related to the Satisfaction and Discharge and $13.0 of non-cash charges for the write down of debt issuance costs and net unamortized discount. The 7.875% Notes were sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain persons in offshore transactions in reliance on Regulation S, under the Securities Act. The 7.875% Notes were issued at an aggregate price equal to 99.36% of the principal amount thereof, with a net original issue discount of $4.5. Interest on the 7.875% Notes is payable semi-annually, through July 15, 2019, but if the Company’s Preferred Stock has not been redeemed, repurchased or otherwise retired prior to May 13, 2018; then the 7.875% Notes will mature on May 13, 2018. The 7.875% Notes are collateralized with a first priority lien on substantially all of the assets directly held by HGI, including stock in HGI’s direct subsidiaries (with the exception of Zap.Com Corporation, but including Spectrum Brands, Harbinger F&G, LLC ("HFG") and HGI Funding LLC) and the HGI’s directly held cash and investment securities. In connection with the 7.875% Note offering the Company recorded $20.0 of fees during the nine months ended June 30, 2013. These fees are classified as "Other assets" in the accompanying Condensed Consolidated Balance Sheets as of June 30, 2013, and are being amortized to interest expense utilizing the effective interest method over the term of the 7.875% Notes. The Company has the option to redeem the 7.875% Notes prior to January 15, 2016 at a redemption price equal to 100% of the principal amount plus a make-whole premium and accrued and unpaid interest, if any, to the date of redemption. At any time on or after January 15, 2016, the Company may redeem some or all of the 7.875% Notes at certain fixed redemption prices expressed as percentages of the principal amount, plus accrued and unpaid interest. At any time prior to January 15, 2016, the Company may redeem up to 35% of the original aggregate principal amount of the 7.875% Notes with net cash proceeds received by us from certain equity offerings at a price equal to 107.875% of the principal amount of the 7.875% Notes redeemed, plus accrued and unpaid interest, if any, to the date of redemption, provided that redemption occurs within 90 days of the closing date of such equity offering, and at least 65% of the aggregate principal amount of the 7.875% Notes remains outstanding immediately thereafter. The Indenture governing the 7.875% Notes contains covenants limiting, among other things, and subject to certain qualifications and exceptions, the Company’s ability, and, in certain cases, the ability of the Company’s subsidiaries, to incur additional indebtedness; create liens; engage in sale-leaseback transactions; pay dividends or make distributions in respect of capital stock; make certain restricted payments; sell assets; engage in transactions with affiliates; or consolidate or merge with, or sell substantially all of the Company’s assets to, another person. The Company is also required to maintain compliance with certain financial tests, including minimum liquidity and collateral coverage ratios that are based on the fair market value of the collateral, including the Company’s equity interests in Spectrum Brands and its other subsidiaries such as HFG and HGI Funding LLC. At June 30, 2013, the Company was in compliance with all covenants under the indenture governing the 7.875% Notes. On July 18, 2013, HGI entered into a Purchase Agreement, as amended by the Purchase Agreement Amendment dated as of July 19, 2013 (as so amended, the “Purchase Agreement”). In connection with the Purchase Agreement, on July 23, 2013, HGI issued $225.0 aggregate principal amount of 7.875% senior secured notes due 2019 (the “New Notes”). The New Notes were issued under the same indenture governing the 7.875% Notes. See Note 21, Subsequent Events, for additional information with respect to the New Notes. Spectrum Brands Term Loan In December 2012, Spectrum Brands entered into the Term Loan which matures on December 17, 2019, and provides borrowings in an aggregate principal amount of $800.0, with $100.0 in Canadian dollar equivalents in connection with the acquisition of the HHI Business from Stanley Black & Decker. A portion of the Term Loan proceeds were used to refinance the former term loan facility, which was scheduled to mature on June 17, 2016, and had an aggregate amount outstanding of $370.2 prior to refinancing. In connection with the refinancing, Spectrum Brands recorded accelerated amortization of portions of the unamortized discount and unamortized debt issuance costs related to the former term loan facility totaling $5.5 as an adjustment to interest expense during the nine months ended June 30, 2013. The Term Loan contains financial covenants with respect to debt, including, but not limited to, a fixed charge ratio. In addition, the Term Loan contains customary restrictive covenants, including, but not limited to, restrictions on Spectrum Brands' ability to incur additional indebtedness, create liens, make investments or specified payments, give guarantees, pay dividends, make capital expenditures and merge or acquire or sell assets. Pursuant to a guarantee and collateral agreement, Spectrum Brands, its domestic subsidiaries and its Canadian subsidiaries have guaranteed their respective obligations under the Term Loan and related loan documents and have pledged substantially all of their respective assets to secure such obligations. The Term Loan also provides for customary events of default, including payment defaults and cross-defaults on other material indebtedness. In connection with the issuance of the Term Loan, Spectrum Brands recorded $0.2 and $19.3 of fees during the three and nine months ended June 30, 2013, respectively, of which $16.9, respectively, is classified as Debt issuance costs within "Other assets" in the accompanying Condensed Consolidated Balance Sheets and is being amortized as an adjustment to interest expense over the remaining life of the Term Loan with the remainder of $2.4 reflected as an increase to interest expense during the nine months ended June 30, 2013, respectively. 6.375% Notes and 6.625% Notes In December 2012, in connection with the Hardware Acquisition, Spectrum Brands assumed $520.0 aggregate principal amount of the 6.375% Notes, and $570.0 aggregate principal amount of the 6.625% Notes, previously issued by Spectrum Brands Escrow Corporation. The 6.375% Notes and the 6.625% Notes are unsecured and guaranteed by Spectrum Brands' parent company, SB/RH Holdings, LLC, as well as by existing and future domestic restricted subsidiaries. Spectrum Brands may redeem all or part of the 6.375% Notes and the 6.625% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices. Further, the indenture governing the 6.375% Notes and the 6.625% Notes (together, the "2020/22 Indenture"), requires Spectrum Brands to make an offer, in cash, to repurchase all or a portion of the applicable outstanding 6.375% Notes and 6.625% Notes for a specified redemption price, including a redemption premium, upon the occurrence of a change of control of Spectrum Brands, as defined in such indenture. The 2020/22 Indenture contains customary covenants that limit, among other things, the incurrence of additional indebtedness, payment of dividends on or redemption or repurchase of equity interests, the making of certain investments, expansion into unrelated businesses, creation of liens on assets, merger or consolidation with another company, transfer or sale of all or substantially all assets, and transactions with affiliates. In addition, the 2020/22 Indenture provides for customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, failure to make payments when due or on acceleration of certain other indebtedness, and certain events of bankruptcy and insolvency. Events of default under the 2020/22 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.375% Notes and the 6.625% Notes. If any other event of default under the 2020/22 Indenture occurs and is continuing, the trustee for the 2020/22 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.375% Notes, or the 6.625% Notes, may declare the acceleration of the amounts due under those notes. Spectrum Brands recorded $12.9 of fees in connection with the offering of the 6.375% Notes during the nine months ended June 30, 2013 and $14.1 of fees in connection with the offering of the 6.625% Notes during the nine months ended June 30, 2013. The fees are classified as "Other assets" in the accompanying Condensed Consolidated Balance Sheets as of June 30, 2013 and are being amortized as an adjustment to interest expense over the respective remaining lives of the 6.375% Notes and the 6.625% Notes. ABL Facility In December 2012, Spectrum Brands exercised its option to increase its asset based lending revolving credit facility (the "ABL Facility") from $300.0 to $400.0 and extend the maturity to May 24, 2017. In connection with the increase and extension, Spectrum Brands incurred $0.3 of fees during the nine months ended June 30, 2013, respectively. The fees are classified as "Other assets" in the accompanying Condensed Consolidated Balance Sheets as of June 30, 2013 and are being amortized as an adjustment to interest expense over the remaining life of the ABL Facility. In March 2013, Spectrum Brands amended its ABL Facility to conform certain provisions to reflect the acquisition of the HHI Business. In connection with the amendment, Spectrum Brands incurred $0.1 and $0.2 of fees during the three and nine months ended June 30, 2013, respectively. The fees are classified as "Other assets" in the accompanying Condensed Consolidated Balance Sheets as of June 30, 2013 and are being amortized as an adjustment to interest expense over the remaining life of the ABL Facility. As a result of borrowings and payments under the ABL Facility, at June 30, 2013, Spectrum Brands had aggregate borrowing availability of approximately $228.1, net of lender reserves of $7.9 and outstanding letters of credit of $38.5. FGL In March 2013, FGL issued $300.0 aggregate principal amount of its 6.375% senior notes due April 1, 2021, at par value. Interest is payable semi-annually on April 1 and October 1 of each year, commencing on October 1, 2013. FGL used a portion of the net proceeds from the issuance to pay a $73.0 dividend to HGI and expects to use the remainder for general corporate purposes, to support the growth of its subsidiary life insurance company. In connection with the offering, FGL capitalized $10.2 of debt issuance costs during the nine months ended June 30, 2013. The fees are classified as "Other assets" in the accompanying Condensed Consolidated Balance Sheets as of June 30, 2013 and are being amortized over the redemption date using the straight-line method over the remaining term of the debt. EXCO/HGI Production Partners In connection with its formation, the EXCO/HGI JV entered into the EXCO/HGI JV Credit Agreement which had an initial borrowing base of $400.0. Borrowings under the EXCO/HGI JV Credit Agreement are collateralized by first lien mortgages providing a security interest of not less than 80% of the Engineered Value (as defined in the agreement) of the oil and natural gas properties evaluated by the lenders for purposes of establishing the borrowing base. As of June 30, 2013, $369.0 was drawn under this agreement and HGI's proportionate share of the obligation was $274.9. The interest rate grid ranges from London Interbank Offered Rate ("LIBOR") plus 175 Basis Points ("bps") to 275 bps (or Alternate Base Rate ("ABR") plus 75 bps to 175 bps), depending on the percentages of drawn balances to the borrowing base as defined in the agreement. The borrowing base is redetermined semi-annually, with us and the lenders having the right to request interim unscheduled redeterminations in certain circumstances. The EXCO/HGI JV entered into the First Amendment to the EXCO/HGI JV Credit Agreement on March 5, 2013, which increased the borrowing base to $470.0 as a result of the acquisition of the shallow Cotton Valley assets from an affiliate of BG Group. The EXCO/HGI JV Credit Agreement matures on February 14, 2018. Pursuant to the agreement, within 60 days of formation of the EXCO/HGI JV, the partnership is required to enter into derivative financial instruments covering not less than 75% of its forecasted proved producing natural gas production for 2013 and 50% of such forecasted production for 2014. For future years, the EXCO/HGI JV is permitted to have derivative financial instruments covering no more than 100% of the forecasted production from proved developed producing reserves (as defined in the agreement) for any month during the first two years of the forthcoming five year period, 90% of the forecasted production from proved developed producing reserves for any month during the third year of the forthcoming five year period and 85% of the forecasted production from proved developed producing reserves for any month during the fourth and fifth year of the forthcoming five year period. The financial covenants contained in the EXCO/HGI JV Credit Agreement require that the EXCO/HGI JV:
As of June 30, 2013, the EXCO/HGI JV was in compliance with these covenants. Salus Long-term debt of the consolidated VIE include the unaffiliated obligations of a CLO VIE of $57.5, as of June 30, 2013. In February 2013, Salus completed a CLO securitization of collateralized loan obligations of up to $225.0 with a notional aggregate principal amount of $175.5 of the asset-backed loan receivables that it had originated through that date, of which $63.5 was taken up by unaffiliated entities. The obligations of the securitization is secured by the assets of the VIE, primarily asset-backed loan receivables, and carry a variable interest rate ranging from LIBOR plus 2.5% to LIBOR plus 10.5%. See Note 6, Securitizations and Variable Interest Entities, for additional information with respect to the securitization. |
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Defined Benefit Plans
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Jun. 30, 2013
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Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Defined Benefit Plans | Defined Benefit Plans HGI HGI has a noncontributory defined benefit pension plan (the "HGI Pension Plan") covering certain former U.S. employees. During 2006, the HGI Pension Plan was frozen which caused all existing participants to become fully vested in their benefits. Additionally, HGI has an unfunded supplemental pension plan (the "Supplemental Plan") which provides supplemental retirement payments to certain former senior executives of HGI. The amounts of such payments equal the difference between the amounts received under the HGI Pension Plan and the amounts that would otherwise be received if HGI Pension Plan payments were not reduced as the result of the limitations upon compensation and benefits imposed by Federal law. Effective December 1994, the Supplemental Plan was frozen. Spectrum Brands Spectrum Brands has various defined benefit pension plans (the "Spectrum Brands Pension Plans") covering some of its employees in the United States and certain employees in other countries, primarily the United Kingdom, the Netherlands, Germany, Guatemala, Brazil, Mexico and Taiwan. The Spectrum Brands Pension Plans generally provide benefits of stated amounts for each year of service. Spectrum Brands funds its U.S. pension plans in accordance with the Internal Revenue Service defined guidelines and, where applicable, in amounts sufficient to satisfy the minimum funding requirements of applicable laws. Additionally, in compliance with Spectrum Brands’ funding policy, annual contributions to non-U.S. defined benefit plans are equal to the actuarial recommendations or statutory requirements in the respective countries. Spectrum Brands also provides post-retirement life insurance and medical benefits to certain retirees under two separate contributory plans. Consolidated The components of consolidated net periodic benefit and deferred compensation benefit costs and contributions made are as follows:
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Reinsurance
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Jun. 30, 2013
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Reinsurance Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reinsurance | Reinsurance FGL reinsures portions of its policy risks with other insurance companies. The use of reinsurance does not discharge an insurer from liability on the insurance ceded. The insurer is required to pay in full the amount of its insurance liability regardless of whether it is entitled to or able to receive payment from the reinsurer. The portion of risks exceeding FGL’s retention limit is reinsured with other insurers. FGL seeks reinsurance coverage in order to limit its exposure to mortality losses and enhance capital management. FGL follows reinsurance accounting when there is adequate risk transfer. Otherwise, the deposit method of accounting is followed. FGL also assumes policy risks from other insurance companies. The effect of reinsurance on premiums earned, benefits incurred and reserve changes were as follows:
Amounts payable or recoverable for reinsurance on paid and unpaid claims are not subject to periodic or maximum limits. During the three and nine months ended June 30, 2013 and July 1, 2012, FGL did not write off any reinsurance balances. Effective June 17, 2013, FGL rescinded the portion of the coinsurance agreement dated April 1, 2011 between Fidelity & Guaranty Life Insurance Company ("FGL Insurance") and Wilton Re U.S. Holdings, Inc. ("Wilton Re") which covers certain disability income riders. Wilton Re has agreed to pay FGL Insurance a rescission settlement of $6.4. In addition, FGL Insurance will re-establish the $4.5 reserve liability previously ceded to Wilton Re in connection with this business. FGL Insurance recognized a net gain on the rescission of $1.9. As discussed below under "Wilton Agreement," FGL monitors the risk of default by reinsurers. No policies issued by FGL have been reinsured with any foreign company, which is controlled, either directly or indirectly, by a party not primarily engaged in the business of insurance. FGL has not entered into any reinsurance agreements in which the reinsurer may unilaterally cancel any reinsurance for reasons other than non-payment of premiums or other similar credit issues. FGL had the following significant reinsurance agreements during the nine months ended June 30, 2013 and July 1, 2012 as described below. Wilton Agreement On January 26, 2011, HFG entered into a commitment agreement (the "Commitment Agreement") with Wilton Re committing Wilton Re, a wholly-owned subsidiary of Wilton and a Minnesota insurance company, to enter into one of two amendments to an existing reinsurance agreement with Fidelity Insurance. On April 8, 2011, FGL Insurance ceded substantially all of the remaining life insurance business that it had retained to Wilton Re under the first of the two amendments with Wilton. FGL Insurance transferred assets with a fair value of $535.8, net of ceding commission, to Wilton Re. The Company considered the effects of the first amendment in the opening balance sheet and purchase price allocation as of April 6, 2011, the effective date of the Company’s acquisition of FGL from OM Group (UK) Limited ("OMGUK") (the "FGL Acquisition"). Effective April 26, 2011, HFG elected the second of the two amendments under the Commitment Agreement (the "Raven Springing Amendment"), which committed FGL Insurance to cede to Wilton Re all of the business (the "Raven Block") then reinsured with Raven Reinsurance Company ("Raven Re"), a wholly-owned subsidiary of FGL, on or before December 31, 2012. On September 9, 2011, FGL Insurance and Wilton Re executed an amended and restated Raven Springing Amendment whereby the recapture of the business ceded to Raven Re by FGL Insurance and the re-cession to Wilton Re closed on October 17, 2011 with an effective date of October 1, 2011. In connection with the closing, FGL Insurance transferred assets with a fair value of $580.7, including ceding commission, to Wilton Re. In September 2012, Wilton Re and FGL Insurance reached a final agreement on the initial settlements associated with the reinsurance transactions FGL Insurance entered into subsequent to the FGL Acquisition. The final settlement amounts did not result in any material adjustments to the amounts reflected in the financial statements. FGL Insurance recognized a net pre-tax gain of $18.0 on these reinsurance transaction which has been deferred and is being amortized over the remaining life of the underlying reinsured contracts. Commissioners Annuity Reserve Valuation Method Facility ("CARVM") Effective October 1, 2012, FGL Insurance recaptured a CARVM reinsurance agreement from Old Mutual Reassurance (Ireland) Ltd., an affiliate of OM Group ("OM Re") and simultaneously ceded the business to Raven Re. The recapture of the OM Re CARVM reinsurance agreement satisfied an obligation of FGL under the F&G Stock Purchase Agreement. In connection with the new CARVM reinsurance agreement, FGL and Raven Re entered into an agreement with Nomura Bank International plc ("Nomura") to establish a $295.0 reserve financing facility in the form of a letter of credit issued by Nomura and Nomura charged an upfront structuring fee in the amount of $2.8. The reserve financing liability is set to be reduced by $6.3 each quarter subsequent to establishment. The structuring fee was paid by FGL Insurance and will be deferred and amortized over the expected life of the facility. As this letter of credit is provided by an unaffiliated financial institution, Raven Re is permitted to carry the letter of credit as an admitted asset on the Raven Re statutory balance sheet. Front Street On December 31, 2012, FGL entered into a Reinsurance Agreement with Front Street Cayman, also an indirect subsidiary of the Company. Pursuant to the Reinsurance Agreement, Front Street Cayman has reinsured approximately 10%, or approximately $1,500.0 of FGL’s policy liabilities, on a funds withheld basis. In connection with the Reinsurance Agreement, Front Street Cayman, FGL and an indirect subsidiary of the Company, Five Island, entered into an investment management agreement, pursuant to which Five Island will manage the assets securing Front Street Cayman’s reinsurance obligations under the Reinsurance Agreement, which assets are held by FGL in a segregated account. The assets in the segregated account will be invested in accordance with FGL’s existing guidelines. |
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Stock Compensation
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock Compensation | Stock Compensation The Company recognized consolidated stock compensation expense as follows:
The amounts before taxes and non-controlling interest are principally included in "Selling, acquisition, operating and general expenses" in the accompanying Condensed Consolidated Statements of Operations. A summary of stock options outstanding as of June 30, 2013 and related activity during the nine months then ended, under HGI and FGL’s respective incentive plans are as follows (share amounts in thousands):
A summary of restricted stock and restricted stock units outstanding as of June 30, 2013 and related activity during the nine months then ended, under HGI, Spectrum Brands and FGL’s respective incentive plans are as follows (share amounts in thousands):
HGI HGI granted no stock option awards during the three months ended June 30, 2013 and July 1, 2012. HGI granted stock option awards representing approximately 1,528 thousand and 2,215 thousand shares during the nine months ended June 30, 2013 and July 1, 2012, respectively. All of these grants are time based, and vest either immediately, or over periods of 12 to 48 months. The total fair value of the stock option grants on their respective grant dates were approximately $5.4 and $3.6, respectively. HGI granted no restricted stock awards during the three months ended June 30, 2013 and July 1, 2012. HGI granted restricted stock awards representing approximately 3,256 thousand and 818 thousand shares during the nine months ended June 30, 2013 and July 1, 2012, respectively. All of these grants are time based, and vests either immediately, or over periods of 7 to 36 months. The total fair value of the restricted stock grants on their respective grant dates were approximately $27.7 and $3.9, respectively. HGI granted no restricted stock unit awards during the three months ended June 30, 2013 and July 1, 2012. HGI granted restricted stock unit awards representing approximately 9 thousand and 22 thousand shares, respectively, during the nine months ended June 30, 2013 and July 1, 2012. All of these grants are time based, and vests either immediately, or over periods of 7 to 12 months. The total fair value of the restricted stock grants on their respective grant dates was approximately $0.1 and $0.1, respectively. Under HGI’s executive bonus plan for Fiscal 2013, executives will be paid in cash, stock options and restricted stock shares. The equity grants will have a grant date in the first fiscal quarter of 2014 and the shares will vest, either immediately, or between 12 and 36 months from the grant date. As of June 30, 2013, there was approximately $16.5 of total unrecognized compensation cost related to unvested share-based compensation agreements, which is expected to be recognized over a weighted-average period of 2.24 years. The fair values of restricted stock and restricted stock unit awards are determined based on the market price of HGI’s common stock on the grant date. The fair value of stock option awards is determined using the Black-Scholes option pricing model. The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
The weighted-average remaining contractual term of outstanding stock option awards at June 30, 2013, was 8.95 years. Spectrum Brands Spectrum Brands granted restricted stock unit awards representing approximately 30 thousand and 666 thousand shares during the three and nine months ended June 30, 2013. Of these 666 thousand grants, 22 thousand restricted stock units are time based and vest over a one year period. Of the remaining 644 thousand restricted stock unit grants, 90 thousand are performance based and vest over a one year period, and 554 thousand are performance and time-based and vest over a two year period. The total fair value of the restricted stock units on the dates of the grants was approximately $30.2. Spectrum Brands granted restricted stock unit awards representing approximately 42 thousand and 759 thousand shares during the three and nine months ended July 1, 2012. Of these 759 thousand grants, 18 thousand restricted stock units are time-based and vest over a one year period, and 42 thousand restricted stock units are time-based and vest over a two year period.. The remaining 699 thousand restricted stock unit grants are performance and time-based and vest over a two year period. The total market value of the restricted stock units on the dates of the grants was approximately $20.8. The fair values of restricted stock awards and restricted stock units are determined based on the market price of Spectrum Brands’ common stock on the grant date. FGL On November 2, 2011, FGL’s compensation committee (on behalf of its board of directors) approved a long-term stock-based incentive plan that permits the grant of options to purchase shares of FGL common stock to key employees of FGL. On November 2, 2011, FGL’s compensation committee also approved a dividend equivalent plan that permits holders of these options the right to receive a payment in cash in an amount equal to the ordinary dividends declared and paid or debt service payments to HGI by FGL in respect of the shares underlying the options. As of September 30, 2012, FGL determined that it was probable that the dividend equivalent will vest and recorded a provision of $0.4 for the ratable recognition of such projected liability over the option vesting period for the three months ended June 30, 2013. FGL granted stock option awards and restricted stock units representing approximately 194 thousand and 52 thousand shares during the nine months ended June 30, 2013. These stock options and restricted shares vest over a period of 3 years and expire on the seventh anniversary of the grant date. The total fair value of the option grant and restricted stock unit grant on the grant date was $0.6 and $2.0, respectively. FGL granted stock option awards representing approximately 207 thousand shares during the nine months ended July 1, 2012. These stock options vest over a period of 3 years and expire on the seventh anniversary of the grant. The total fair value of the grants on their grant dates was approximately $0.6. On December 31, 2012, FGL elected an alternate settlement for the vested portion of the 2012 share options awards. FGL selected a cash settlement of the vested option awards, which reclassified the plan from an equity plan to a liability plan. FGL recognized additional expense, of approximately $0.6, for the difference between the cash settlement amount and the compensation expense previously recognized. FGL revalued the remaining unvested option awards to fair value and recorded $0.1 compensation expense. The total compensation cost related to non-vested options and restricted stock units not yet recognized as of June 30, 2013 totaled $4.1 and will be recognized over a weighted-average period of 2.41 years. The fair value of stock option awards is determined using the Black-Scholes option pricing model. The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
EXCO/HGI JV In May 2013, the EXCO/HGI JV adopted an incentive plan ("Incentive Unit Plan") which allowed for awards to be issued that cover up to 1 million Class B Units. The plan is intended to grant phantom units that correspond to Class B Units prior to the vesting date, in tandem with dividend equivalent rights ("DER") to participate in distributions of the EXCO/HGI JV. The phantom units will vest in three equal annual installments, and will be settled by issuing a Class B Unit in the EXCO/HGI JV. The accumulated distributions related to the DER will be paid to the participant upon the vesting of the related phantom unit. Upon termination of a participant, any unvested phantom units or DER's (including accrued distributions) shall be forfeited. The agreement includes a call-right on behalf of the EXCO/HGI JV and a put-right on behalf of the participant. The call-right becomes exercisable upon the termination of a participant, and gives the EXCO/HGI JV the option to repurchase any Class B Units held by the participant. The put-right becomes exercisable during the first designated window period after the participant has held the Class B Unit for a period of six months, and gives the participant the option to cause the EXCO/HGI JV to repurchase the participant's Class B Units. The repurchase price under the call-right and put-rights shall be the fair market value as of the date of exercise as determined by the EXCO/HGI JV. As of June 30, 2013, there were 898 thousand awards available for issuance under the Incentive Unit Plan. The fair value of the awards granted was based on the market value of the limited partner units issued upon formation of the EXCO/HGI JV. A summary of the activity related to the incentive unit plan was as follows:
ASC 718 requires share-based compensation be recorded with cost classifications consistent with cash compensation. The EXCO/HGI JV uses the full cost method to account for its oil and natural gas properties. As a result, part of the share-based payments are capitalized. During the period from inception to June 30, 2013, an immaterial amount was capitalized as part of the EXCO/HGI JV's oil and natural gas properties. HGI's proportionate share of the EXCO/HGI JV's total share-based compensation on unvested awards was $0.7 as of June 30, 2013, and will be recognized over an average period of 2.9 years. |
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Income Taxes
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Jun. 30, 2013
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Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes For the three and nine months ended June 30, 2013, the Company's effective tax rates of 23.7% and 55.1% were negatively impacted by, pretax losses in the United States and some foreign jurisdictions for which the Company concluded that the tax benefits are not more-likely-than-not realizable, deferred income tax expense due to changes in the tax bases of indefinite lived intangibles that are amortized for tax purposes, but not for book purposes, and tax expense on income in certain other foreign jurisdictions that will not be creditable in the United States. Partially offsetting these factors in the nine months ended June 30, 2013 was the release of U.S. valuation allowances totaling $49.3 in deferred tax assets that Spectrum Brands has determined are more-likely-than-not realizable as a result of a recent acquisition and $81.9 of income resulting from a decrease in the fair value of the equity conversion feature of preferred stock which is not taxable. Net operating loss (“NOL”) and tax credit carryforwards of HGI and Spectrum Brands are subject to full valuation allowances and those of FGL are subject to partial valuation allowances, as the Company concluded all or a portion of the associated tax benefits are not more-likely-than-not realizable. Utilization of NOL and other tax credit carryforwards of HGI, Spectrum Brands and FGL are subject to limitations under Internal Revenue Code (“IRC”) Sections 382 and 383. Such limitations result from ownership changes of more than 50 percentage points over a three-year period. For the three months ended July 1, 2012, the Company's effective tax rate of 5.0% was lower than the United States Federal statutory rate of 35% and, for the nine months ended July 1, 2012, the Company recorded tax expense at the rate of (356.3)% despite incurring a pretax loss, primarily as a result of: (i) $125.5 of expense in the three month period for an increase in the fair value of the equity conversion feature of preferred stock, for which no tax benefit is available; (ii) pretax losses in the United States and some foreign jurisdictions for which the Company concluded that the tax benefits are not more-likely-than-not realizable; (iii) deferred income tax expense due to changes in the tax bases of indefinite lived intangibles that are amortized for tax purposes, but not for book purposes; (iv) and tax expense on income in certain other foreign jurisdictions that will not be creditable in the United States. Partially offsetting these factors in the nine months ended July 1, 2012 was: (i) a $19.0 release by FGL of valuation allowances on deferred tax assets primarily as a result of revised projections in connection with the regulatory non-approval of a proposed reinsurance transaction; (ii) a $41.0 gain on a contingent purchase price reduction receivable for which no tax provision is necessary; and (iii) a $13.9 release by Spectrum Brands of valuation allowances on deferred tax assets as a result of an acquisition. The Company recognizes in its consolidated financial statements the impact of a tax position if it concludes that the position is more likely than not sustainable upon audit, based on the technical merits of the position. At June 30, 2013 and September 30, 2012, the Company had $9.0 and $5.9, respectively, of unrecognized tax benefits related to uncertain tax positions. The Company also had approximately $3.8 and $3.6, respectively, of accrued interest and penalties related to the uncertain tax positions at those dates. Interest and penalties related to uncertain tax positions are reported in the financial statements as part of income tax expense. As of June 30, 2013, certain of the Company’s legal entities in various jurisdictions are undergoing income tax audits. The Company cannot predict the ultimate outcome of the examinations; however, it is reasonably possible that during the next 12 months some portion of previously unrecognized tax benefits could be recognized. |
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Earnings Per Share
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share | Earnings Per Share The Company follows the provisions of ASC Topic 260, Earnings Per Share, which requires companies with complex capital structures, such as having two (or more) classes of securities that participate in declared dividends to calculate earnings (loss) per share ("EPS") utilizing the two-class method. As the holders of the Preferred Stock are entitled to receive dividends with common stock on an as-converted basis, the Preferred Stock has the right to participate in undistributed earnings and must therefore be considered under the two-class method. The following table sets forth the computation of basic and diluted EPS (share amounts in thousands):
The number of shares of common stock outstanding used in calculating the weighted average thereof reflects the actual number of HGI common stock outstanding, excluding nonvested restricted stock. |
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Commitments and Contingencies
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9 Months Ended |
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Jun. 30, 2013
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies The Company has aggregate reserves for its legal, environmental and regulatory matters of approximately $20.4 at June 30, 2013. These reserves relate primarily to the matters described below. However, based on currently available information, including legal defenses available to the Company, and given the aforementioned reserves and related insurance coverage, the Company does not believe that the outcome of these legal, environmental and regulatory matters will have a material effect on its financial position, results of operations or cash flows. Legal and Environmental Matters HGI HGI is a nominal defendant, and the members of its board of directors are named as defendants in a derivative action filed in December 2010 by Alan R. Kahn in the Delaware Court of Chancery. The plaintiff alleges that the Spectrum Brands acquisition was financially unfair to HGI and its public stockholders and seeks unspecified damages and the rescission of the transaction. The Company believes the allegations are without merit and intends to vigorously defend this matter. HGI is also involved in other litigation and claims incidental to its current and prior businesses. These include workers compensation and environmental matters and pending cases in Mississippi and Louisiana state courts and in a Federal multi-district litigation alleging injury from exposure to asbestos on offshore drilling rigs and shipping vessels formerly owned or operated by its offshore drilling and bulk-shipping affiliates. Based on currently available information, including legal defenses available to it, and given its reserves and related insurance coverage, the Company does not believe that the outcome of these legal and environmental matters will have a material effect on its financial position, results of operations or cash flows. Spectrum Brands Spectrum Brands has accrued approximately $5.1 for the estimated costs associated with environmental remediation activities at some of its current and former manufacturing sites. Spectrum Brands believes that any additional liability which may result from resolution of these matters in excess of the amounts provided for will not have a material adverse effect on the financial condition, results of operations or cash flows of Spectrum Brands. Spectrum Brands is a defendant in various other matters of litigation generally arising out of the ordinary course of business. Spectrum Brands does not believe that the resolution of any other matters or proceedings presently pending will have a material adverse effect on its results of operations, financial condition, liquidity or cash flows. FGL FGL is involved in various pending or threatened legal proceedings, including purported class actions, arising in the ordinary course of business. In some instances, these proceedings include claims for unspecified or substantial punitive damages and similar types of relief in addition to amounts for alleged contractual liability or requests for equitable relief. In the opinion of FGL management and in light of existing insurance and other potential indemnification, reinsurance and established reserves, such litigation is not expected to have a material adverse effect on FGL’s financial position, results of operations or cash flows. Regulatory Matters FGL FGL is assessed amounts by the state guaranty funds to cover losses to policyholders of insolvent or rehabilitated insurance companies. Those mandatory assessments may be partially recovered through a reduction in future premium taxes in certain states. At June 30, 2013, FGL has accrued $5.6 for guaranty fund assessments which is expected to be offset by estimated future premium tax deductions of $5.0. FGL has received inquiries from a number of state regulatory authorities regarding its use of the U.S. Social Security Administration’s Death Master File ("Death Master File") and compliance with state claims practices regulation. To date, FGL has received inquiries from authorities in Maryland, Minnesota and New York. The New York Insurance Department issued a letter and subsequent regulation requiring life insurers doing business in New York to use the Death Master File or similar databases to determine if benefits were payable under life insurance policies, annuities, and retained asset accounts. Legislation requiring insurance companies to use the Death Master File to identify potential claims has recently been enacted in FGL’s state of domicile (Maryland) and other states. As a result of these legislative and regulatory developments, in May 2012 FGL undertook an initiative to use the Death Master File and other publicly available databases to identify persons potentially entitled to benefits under life insurance policies, annuities and retained asset accounts. In July 2012, FGL incurred an $11.0 pre-tax charge, net of reinsurance, to increase reserves to cover potential benefits payable resulting from this ongoing effort. Based on its analysis to date and management’s estimate, FGL believes this accrual will cover the reasonably estimated liability arising out of these developments. In addition, FGL has received audit and examination notices from several state agencies responsible for escheatment and unclaimed property regulation in those states. FGL has established a contingency of $2.0, the mid-point of an estimated range of $1.0 to $3.0, related to the external legal costs and potential liabilities of said audits and examinations. Additional costs that cannot be reasonably estimated as of the date of this filing are possible as a result of ongoing regulatory developments and other future requirements related to this matter. Guarantees Throughout its history, the Company has entered into indemnifications in the ordinary course of business with customers, suppliers, service providers, business partners and, in certain instances, when it sold businesses. Additionally, the Company has indemnified its directors and officers who are, or were, serving at the request of the Company in such capacities. Although the specific terms or number of such arrangements is not precisely known due to the extensive history of past operations, costs incurred to settle claims related to these indemnifications have not been material to the Company’s financial statements. The Company has no reason to believe that future costs to settle claims related to its former operations will have a material impact on its financial position, results of operations or cash flows. The F&G Stock Purchase Agreement between HFG and OMGUK includes a Guarantee and Pledge Agreement which creates certain obligations for FGL as a grantor and also grants a security interest to OMGUK of FGL’s equity interest in FGL Insurance in the event that HFG fails to perform in accordance with the terms of the F&G Stock Purchase Agreement. The Company is not aware of any events or transactions that resulted in non-compliance with the Guarantee and Pledge Agreement. Unfunded Asset Based Lending Commitments Through Salus, the Company enters into commitments to extend credit to meet the financing needs of its asset based lending customers upon satisfaction of certain conditions. At June 30, 2013, the notional amount of unfunded, legally binding lending commitments was approximately $150.4, of which $25.8 expires in one year or less, and the remainder expires between one and four years. Shareholder Contingencies The Master Fund has pledged all of its shares of the Company’s common stock, together with securities of other issuers to secure a certain portfolio financing, which as of the date hereof, constitutes a majority of the outstanding shares of the Company’s common stock. The sale or other disposition of a sufficient number of such shares (including any foreclosure on or sale of the Company’s shares pledged as collateral) to non-affiliates could cause the Company and its subsidiaries to experience a change of control, which may accelerate certain of the Company’s and its subsidiaries’ debt instruments and other obligations (including the 7.875% Notes and Preferred Stock) and/or allow certain counterparties to terminate their agreements. Any such sale or disposition may also cause the Company and its subsidiaries to be unable to utilize certain of their net operating loss carryforwards and other tax attributes for income tax purposes. |
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Other Required Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Required Disclosures | Other Required Disclosures Receivables and concentrations of credit risk "Receivables, net" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Trade receivables held by Spectrum Brands and the EXCO/HGI JV subject the Company to credit risk and are carried at net realizable value. Spectrum Brands extends credit to its customers based upon an evaluation of the customer’s financial condition and credit history, and generally does not require collateral. Spectrum Brands monitors its customers’ credit and financial condition based on changing economic conditions and makes adjustments to credit policies as required. Provisions for losses on uncollectible consumer products trade receivables are determined based on ongoing evaluations of Spectrum Brands’ receivables, principally on the basis of historical collection experience and evaluations of the risks of nonpayment for a given customer. The EXCO/HGI JV sells oil and natural gas to various customers and participates with other parties in the drilling, completion and operation of oil and natural gas wells. The EXCO/HGI JV's trade accounts receivable are due from purchasers of oil or natural gas. The EXCO/HGI JV has the right to offset future revenues against unpaid charges related to wells which it operates. Oil and natural gas trade receivables are generally uncollateralized. The allowance for doubtful oil and natural gas accounts receivable was immaterial as of June 30, 2013. In addition, the EXCO/HGI JV has other receivables due from participants in oil and natural gas wells for which it serves as the operator. Spectrum Brands has a broad range of customers including many large retail outlet chains, one of which accounts for a significant percentage of its sales volume. This customer represented approximately 17.0% and 23.0% of Spectrum Brands’ net sales during the three months ended June 30, 2013 and July 1, 2012, respectively, and approximately 18.0% and 23.0% of Spectrum Brands’ net sales during the nine months ended June 30, 2013 and July 1, 2012, respectively. This customer also represented approximately 10.0% and 13.0% of Spectrum Brands’ trade accounts receivable, net at June 30, 2013 and September 30, 2012, respectively. Approximately 37.1% and 40.0% of Spectrum Brands’ net sales during the three months ended June 30, 2013 and July 1, 2012, respectively, and 41.4% and 44.0% of Spectrum Brands' net sales during the nine months ended June 30, 2013 and July 1, 2012, respectively, occurred outside the United States. These sales and related receivables are subject to varying degrees of credit, currency, political and economic risk. Spectrum Brands monitors these risks and makes appropriate provisions for collectibility based on an assessment of the risks present. Inventories Inventories of Spectrum Brands which are stated at the lower of cost or market, consist of the following:
Properties, including oil and natural gas properties, net Properties, including oil and natural gas properties, net, consist of the following:
Shipping and handling costs Spectrum Brands incurred shipping and handling costs of $67.0 and $183.0 for the three and nine months ended June 30, 2013, respectively, and $48.8 and $148.4 for the three and nine months ended July 1, 2012, respectively. These costs are included in "Selling, acquisition, operating and general expenses" expenses in the accompanying Condensed Consolidated Statements of Operations. Shipping and handling costs include costs incurred with third-party carriers to transport products to customers as well as salaries and overhead costs related to activities to prepare Spectrum Brands’ products for shipment from its distribution facilities. Other assets "Other assets" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Accounts payable and other current liabilities "Accounts payable and other current liabilities" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Other liabilities "Other liabilities" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
Asset retirement obligations The following is a reconciliation of the EXCO/HGI JV's asset retirement obligations for the period from inception to June 30, 2013:
Restructuring and related charges The Company reports restructuring and related charges associated with manufacturing and related initiatives of Spectrum Brands in "Consumer products cost of goods sold." Restructuring and related charges reflected in "Consumer products cost of goods sold" include, but are not limited to, termination, compensation and related costs associated with manufacturing employees, asset impairments relating to manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives implemented. The Company reports restructuring and related charges relating to administrative functions of Spectrum Brands in "Selling, acquisition, operating and general expenses," such as initiatives impacting sales, marketing, distribution, or other non-manufacturing functions. Restructuring and related charges reflected in "Selling, acquisition, operating and general expenses" include, but are not limited to, termination and related costs, any asset impairments relating to the functional areas described above, and other costs directly related to the initiatives. In 2013 and 2009, Spectrum Brands implemented a series of initiatives to reduce operating costs and to evaluate opportunities to improve its capital structure (the "Global Expense Rationalization Initiatives" and the "Global Cost Reduction Initiatives"). The following table summarizes restructuring and related charges incurred by the Global Expense Rationalization Initiatives and the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three months ended June 30, 2013 and July 1, 2012 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:
Included in "Other initiatives" in the table above, Spectrum Brands also recorded $2.3 and $5.0 of restructuring and related charges during the three and nine months ended June 30, 2013, related to initiatives implemented by the HHI Business prior to the acquisition by Spectrum Brands in December 2012. The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the nine months ended June 30, 2013:
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Related Party Transactions [Abstract] | |
Related Party Transactions | Related Party Transactions In November 2012, the Company and Harbinger Capital Partners LLC ("Harbinger Capital"), an affiliate of the Company and the Principal Stockholders, entered into a reciprocal services agreement (the "Services Agreement") with respect to the provision of services to each other going forward. Pursuant to the Services Agreement, the parties each agreed to provide or cause to be provided services to each other, including their respective affiliates and subsidiaries. The services may include providing office space and operational support and each party making available their respective employees to provide services as reasonably requested by the other party, subject to any limitations contained in applicable employment agreements and the terms of the Services Agreement. Each party will pay the other party a service fee for the services provided and such service fee is intended to be the actual cost of the service without profit but including, as applicable, one-time costs, out-of pocket costs, costs of consents, fully loaded hourly rates and any pass through or allocation of payments. The Services Agreement provides that the parties are subject to confidentiality obligations and that the parties will indemnify each other and their related parties against certain costs and liabilities arising out of the performance of the Services Agreement. The Services Agreement will continue in effect until terminated by either party, following thirty (30) days advance written notice. A special committee of the Company’s board of directors, comprised of independent directors under the rules of the New York Stock Exchange, advised by independent counsel, determined that it is in the best interests of the Company and its stockholders (not including Harbinger Capital and its affiliates) for the Company to enter into the Services Agreement and recommended to the Company’s board directors that they approve entry into the Services Agreement. Following such determination, the Company’s board of directors approved the Services Agreement. The Company recognized $1.2 and $2.1 of expenses under these Service Agreement with respect to the three and nine months ended June 30, 2013. During the nine months ended July 1, 2012, prior to entering into the Services Agreement discussed above, Harbinger Capital provided the Company with certain advisory and consulting services and office space for certain of the Company’s employees and officers. The Company reimbursed Harbinger Capital for its out-of-pocket expenses and the cost of advisory and consulting services and office space provided to the Company by Harbinger Capital. In addition, on January 9, 2012, the Company hired certain former personnel of Harbinger Capital effective as of October 1, 2011. The Company reimbursed Harbinger Capital for employment and other costs associated with the above employees to the extent their services related to the Company from October 1, 2011 to the January 9, 2012. The Company recognized $0.7 and $2.0 of expenses under these arrangements with respect to the three and nine months ended July 1, 2012. Such amounts have been approved by a special committee of the Company’s board of directors, comprised solely of independent directors under the NYSE rules, which was advised by independent counsel. The Company believes that the amount of expenses recognized is reasonable; however, it does not necessarily represent the costs that would have been incurred by the Company on a stand-alone basis. In addition, pursuant to the terms of an existing registration rights agreement between the Company and the Principal Stockholders, the Company undertook a registered secondary offering of 23.0 million shares of the Company's common stock owned by the Principal Stockholders. The Company incurred $0.4 related to such offering during the nine months ended June 30, 2013. The Company also provided customary representations, warranties and indemnifications to the underwriters. |
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Segment Data | Segment Data The Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HGI’s management views those business activities. Accordingly, the Company currently operates its business in four reporting segments: (i) Consumer Products, (ii) Insurance, (iii) Energy, and (iv) Financial Services.
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Jun. 30, 2013
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Text Block [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consolidating Financial Information | Consolidating Financial Information The following schedules present the Company’s consolidating balance sheet information at June 30, 2013 and September 30, 2012, and consolidating statements of operations information for the nine months ended June 30, 2013 and July 1, 2012. These schedules present the individual segments of the Company and their contribution to the consolidated condensed financial statements. Amounts presented will not necessarily be the same as those in the individual financial statements of the Company’s subsidiaries due to adjustments for purchase accounting, income taxes and noncontrolling interests. In addition, some of the Company’s subsidiaries use a classified balance sheet which also leads to differences in amounts reported for certain line items. The Corporate and Other column primarily reflects the parent company’s investment in its subsidiaries, invested cash portfolio and corporate long term debt. The elimination adjustments are for intercompany assets and liabilities, interest and dividends, the parent company’s investment in capital stocks of subsidiaries, and various reclasses of debit or credit balances to the amounts in consolidation. Purchase accounting adjustments have been pushed down to the appropriate subsidiary. Harbinger Group Inc. - Condensed Consolidating Balance Sheet Information
Harbinger Group Inc. - Condensed Consolidating Statements of Operations Information
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Subsequent Events
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9 Months Ended |
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Jun. 30, 2013
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Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Event HGI Issuance of $225.0 aggregate principal amount 7.875% Senior Secured Notes due 2019 On July 18, 2013, the Company entered into a Purchase Agreement, as amended by the Purchase Agreement Amendment dated as of July 19, 2013. In connection with the Purchase Agreement, on July 23, 2013, the Company issued $225.0 aggregate principal amount of 7.875% senior secured notes due 2019 (the "New Notes"). The New Notes were issued under the same indenture governing the 7.875% Notes by and between the Company and Wells Fargo Bank, National Association, a national banking association, as trustee. The New Notes were priced at 101.50% of par plus accrued interest from July 15, 2013. |
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Basis of Presentation, Significant Accounting Polices and Practicies and Recent Accounting Pronouncements (Policies)
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Jun. 30, 2013
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Presentation | Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of the Company included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"), have been condensed or omitted pursuant to such rules and regulations, except for such significant accounting policies that were adopted during the quarter relating to new business ventures, and a change in accounting principle relating to the statement of cash flow classification of taxes withheld on vested restricted stock awards, which are detailed below. Certain prior year amounts have been reclassified or combined to conform to the current year presentation. These reclassifications and combinations had no effect on previously reported results of operations or accumulated deficit. These interim financial statements should be read in conjunction with the Company’s annual consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on November 27, 2012 (the "Form 10-K"). The results of operations for the nine months ended June 30, 2013 are not necessarily indicative of the results for any subsequent periods or the entire fiscal year ending September 30, 2013. |
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Principles of Consolidation | Principles of Consolidation The Condensed Consolidated Financial Statements include the accounts of the Company, its majority-owned subsidiaries, those variable interest entities ("VIEs") where the Company is the primary beneficiary, and its proportionate share of the gross net assets of equity method investments in extractive industries ("Proportionate consolidation"). Intercompany accounts and transactions have been eliminated. Results of operations of acquired companies are included from the dates of acquisition and for VIEs, from the dates that the Company became the primary beneficiary. The Company has elected to account for its investments in extractive industries that it does not control, but over which it can exert significant influence (specifically, the EXCO/HGI JV), by using the proportionate consolidation method allowed for equity-method investments in extractive industries, under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 932, Extractive Industries. Under this method, the Company consolidates its proportionate share of the assets and liabilities of the equity method investment, using a gross presentation. A variable interest entity is an entity that lacks equity investors or whose equity investors do not have a controlling financial interest in the entity through their equity investments. The entity that has a controlling financial interest in a VIE is referred to as the primary beneficiary and consolidates the VIE. A corporation is deemed to have a controlling financial interest and is the primary beneficiary of a VIE if it has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company, through its subsidiary, Salus, primarily uses VIEs for its securitization activities, in which Salus transfers whole loans into a trust or other vehicle such that the assets are legally isolated from the creditors of Salus. Assets held in a trust can only be used to settle obligations of the trust. The creditors of these trusts typically have no recourse to Salus except in accordance with the obligations under standard representations and warranties. When Salus is the servicer of whole loans held in a securitization trust, Salus has the power to direct the most significant activities of the trust. Salus consolidates a whole-loan securitization trust if it has the power to direct the most significant activities and also holds securities issued by the trust or has other contractual arrangements, other than standard representations and warranties, that could potentially be significant to the trust. |
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Oil and natural gas properties | Oil and natural gas properties Full Cost Method The accounting for, and disclosure of, oil and natural gas producing activities require that the EXCO/HGI JV choose between two GAAP alternatives; the full cost method or the successful efforts method. The EXCO/HGI JV chose to use the full cost method of accounting, which involves capitalizing all intangible drilling costs, lease and well equipment and exploration and development costs incurred plus acquired proved and unproved leaseholds. Once the EXCO/HGI JV incurs costs, they are recorded in the depletable pool of proved properties or in unproved properties, collectively, the full cost pool. The EXCO/HGI JV's unproved property costs, which include unproved oil and natural gas properties, properties under development, and major development projects, collectively totaled $49.8 and $48.5 as of June 30, 2013 and February 14, 2013, respectively, and are not subject to depletion. The EXCO/HGI JV reviews its unproved oil and natural gas property costs on a quarterly basis to assess for impairment and transfer unproved costs to proved properties as a result of extensions or discoveries from drilling operations or determine that no proved reserves are attributable to such costs. The EXCO/HGI JV expects these costs to be evaluated over approximately four years and transferred to the depletable portion of the full cost pool during that time. The EXCO/HGI JV has not recorded any impairments of undeveloped properties for the period from inception to June 30, 2013. Capitalization of Interest When the EXCO/HGI JV acquires significant amounts of undeveloped acreage, it capitalizes interest on the acquisition costs in accordance with FASB ASC Subtopic 835-20, Capitalization of Interest. When the unproved property costs are moved to proved developed and undeveloped oil and natural gas properties, or the properties are sold, the EXCO/HGI JV will cease capitalizing interest related to those properties. Depletion The EXCO/HGI JV calculates depletion using the unit-of-production method. Under this method, the sum of the full cost pool, excluding the book value of unproved properties, and all estimated future development costs are divided by the total estimated quantities of proved reserves. This rate is applied to the EXCO/HGI JV's total production for the quarter, and the appropriate expense is recorded. The EXCO/HGI JV capitalizes the portion of general and administrative costs, including share-based compensation, that is attributable to its exploration, exploitation and development activities. Sales, dispositions and other oil and natural gas property retirements are accounted for as adjustments to the full cost pool, with no recognition of gain or loss, unless the disposition would significantly alter the amortization rate and/or the relationship between capitalized costs and Proved Reserves. Ceiling Test Exemption Pursuant to Rule 4-10(c)(4) of Regulation S-X, the EXCO/HGI JV was required to compute its ceiling test using the simple average spot price for the trailing twelve month period for oil and natural gas as of June 30, 2013. The computation resulted in the carrying costs of the EXCO/HGI JV's unamortized proved oil and natural gas properties exceeding the June 30, 2013 ceiling test limitation by approximately $211.2. As a result of a temporary exemption received from the SEC to exclude the acquisition of the EXCO/HGI JV's conventional oil and natural gas properties from the ceiling test, the need to recognize impairment for the quarter ended June 30, 2013 was eliminated. The EXCO/HGI JV's pricing for these acquisitions are based on models which incorporate, among other things, market prices based on New York Mercantile Exchange ("NYMEX") futures. The ceiling test requires companies using the full cost accounting method to price period ending proved reserves using the simple average spot price for the trailing twelve month period, which may not be indicative of actual market values. Given the short passage of time between closing of these acquisitions and the required ceiling test computation, HGI requested, and received, an exemption from the SEC to exclude the acquisition of these oil and natural gas properties from the ceiling test assessments for a period of twelve months following the corresponding acquisition dates. The request for exemption was made because the EXCO/HGI JV believes the fair value of the aforementioned acquisitions can be demonstrated beyond a reasonable doubt to exceed their unamortized costs. The EXCO/HGI JV's expectation of future prices is principally based on NYMEX futures contracts, adjusted for basis differentials, for a period of five years. After a five year period the EXCO/HGI JV has elected to use flat pricing as the NYMEX futures contracts become more thinly traded. Generally, the flat price used for the sixth year through the economic life of the property is management's internal long-term price estimate, which is, in part, based on an extension of the NYMEX pricing. The EXCO/HGI JV believes the NYMEX futures contracts reflect an independent proxy for fair value. Management's internal valuation model demonstrated that the fair value of these acquired oil and natural gas properties clearly exceeded the calculated ceiling test limitation as of June 30, 2013 beyond a reasonable doubt. The EXCO/HGI JV recognizes that, due to the volatility associated with oil and natural gas prices, a downward trend in market prices could occur. If such a case were to occur and is deemed to be other than a temporary trend, the EXCO/HGI JV would assess these acquisitions for impairment during the requested exemption period. Further, if the EXCO/HGI JV cannot demonstrate that fair value exceeds the calculated ceiling test limitation during the requested exemption periods prior to issuance of its financial statements, the EXCO/HGI JV will recognize impairment related to these acquisitions. The ceiling test calculation is based upon estimates of proved reserves. There are numerous uncertainties inherent in estimating quantities of proved reserves, in projecting the future rates of production and in the timing of development activities. The accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment. Results of drilling, testing and production subsequent to the date of the estimate may justify revision of such estimate. Accordingly, reserve estimates are often different from the quantities of oil and natural gas that are ultimately recovered. Gas gathering assets Gas gathering assets are capitalized at cost and depreciated on a straight line basis over their estimated useful lives of up to |
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Deferred abandonment and asset retirement obligations | Deferred abandonment and asset retirement obligations The EXCO/HGI JV applies FASB ASC 410-20, Asset Retirement and Environmental Obligations ("ASC 410-20"), to account for estimated future plugging and abandonment costs. ASC 410-20 requires legal obligations associated with the retirement of long-lived assets to be recognized at their estimated fair value at the time that the obligations are incurred. Upon initial recognition of a liability, that cost is capitalized as part of the related long-lived asset and allocated to expense over the useful life of the asset. The EXCO/HGI JV's asset retirement obligations primarily represent the present value of the estimated amount it will incur to plug, abandon and remediate proved producing properties at the end of their productive lives, in accordance with applicable state laws. The EXCO/HGI JV's asset retirement obligations are determined using discounted cash flow methodologies based on inputs that are not readily available in public markets. The EXCO/HGI JV has no assets that are legally restricted for purposes of settling asset retirement obligations. |
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Revenue recognition and gas imbalances | Revenue recognition and gas imbalances The EXCO/HGI JV uses the sales method of accounting for oil and natural gas revenues. Under the sales method, revenues are recognized based on actual volumes of oil and natural gas sold to purchasers. Gas imbalances at June 30, 2013 were not significant. |
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Gathering and Transportation | Gathering and transportation The EXCO/HGI JV generally sells oil and natural gas under two types of agreements which are common in the industry. Both types of agreements include a transportation charge. One is a net-back arrangement, under which the EXCO/HGI JV sells oil or natural gas at the wellhead and collects a price, net of the transportation incurred by the purchaser. In this case, The EXCO/HGI JV records sales at the price received from the purchaser, net of the transportation costs. Under the other arrangement, the EXCO/HGI JV sells oil or natural gas at a specific delivery point, pays transportation to a third party and receives proceeds from the purchaser with no transportation deduction. In this case, the EXCO/HGI JV records the transportation cost as gathering and transportation expense. Due to these two distinct selling arrangements, The EXCO/HGI JV's computed realized prices, before the impact of derivative financial instruments, includes revenues which are reported under two separate bases. |
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Overhead reimbursement fees | Overhead reimbursement fees The EXCO/HGI JV has classified fees from overhead charges billed to working interest owners, including itself, as a reduction of general and administrative expenses in the accompanying Condensed Consolidated Statements of Operations. The EXCO/HGI JV's share of these charges was $1.8 for the three months ended June 30, 2013, and $2.4 from inception to the period ended June 30, 2013 and was classified as oil and natural gas production costs. |
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Environmental costs | Environmental costs Environmental costs that relate to current operations are expensed as incurred. Remediation costs that relate to an existing condition caused by past operations are accrued when it is probable that those costs will be incurred and can be reasonably estimated based upon evaluations of currently available facts related to each site. |
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Change in Accounting Method | Change in Accounting Method During the quarter ended June 30, 2013, the Company changed its method of presenting tax withholdings for share-based payment awards paid to a taxing authority on behalf of an employee from an operating activity to a financing activity within its statements of cash flows. The Company believes that the newly adopted accounting principle is preferable in the circumstances because the predominant characteristic of such transaction is a financing activity. As a result of the change in accounting method, the Company had the following reclassifications for the nine months ended June 30, 2013 and July 1, 2012, respectively:
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Presentation of Comprehensive Income | Presentation of Comprehensive Income In June 2011, the FASB issued Accounting Standards Update 2011-05, "Comprehensive Income (Topic 220): Presentation of Comprehensive Income," which amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity. Instead, comprehensive income must be reported in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. The guidance requiring disclosure of the income statement location where gains and losses reclassified out of comprehensive income are included was deferred in December 2011. In November 2012, the FASB clarified its position on the reclassification disclosures, allowing disclosure of reclassification adjustments on the face of the comprehensive income statement or in the notes to the financial statements. The accounting guidance requiring a comprehensive income statement is now effective for the Company. The Company has implemented all required disclosures. |
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Offsetting Assets and Liabilities | Offsetting Assets and Liabilities In December 2011, the FASB issued amended disclosure requirements for offsetting financial assets and financial liabilities to allow investors to better compare financial statements prepared under US GAAP with financial statements prepared under International Financial Reporting Standards. The new standards are effective for us beginning in the first quarter of our fiscal year ending September 30, 2014. The Company is currently evaluating the impact of this new accounting guidance on the disclosures included in its consolidated financial statements. |
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Basis of Presentation, Significant Accounting Polices and Practicies and Recent Accounting Pronouncements Statement (Tables) (USD $)
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Jun. 30, 2013
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Jul. 01, 2012
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Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | As a result of the change in accounting method, the Company had the following reclassifications for the nine months ended June 30, 2013 and July 1, 2012, respectively:
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New Accounting Pronouncement Or Change In Accounting Principle, Effect of Change on Net Change in Cash Due to Operations Activities | $ 20.2 | $ 3.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
New Accounting Pronouncement Or Change In Accounting Principle, Effect of Change on Net Change in Cash Due to Financing Activities | $ (20.2) | $ (3.9) |
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Acquisitions (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company's Pro Forma Results | The following table reflects the Company’s pro forma results as if the Hardware Acquisition and the acquisition of the Company's interest in the EXCO/HGI JV were completed on October 1, 2011 and the results of the HHI Business and the EXCO/HGI JV had been included in the full three and nine months ended June 30, 2013 and July 1, 2012.
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Summary of Acquisition and Integration Related Charges Incurred | The following table summarizes acquisition and integration related charges incurred by the Company for the three and nine months ended June 30, 2013 and July 1, 2012:
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HHI Business [Member]
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Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Preliminary Purchase Price | The following table summarizes the preliminary consideration paid for the HHI Business:
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Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary valuation of the assets acquired and liabilities assumed for the HHI Business, including a reconciliation to the preliminary valuation reported as of December 30, 2012, is as follows:
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Shaser Biosciences, Inc. [Member]
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Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Preliminary Purchase Price | The following table summarizes the preliminary consideration paid for Shaser:
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Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The preliminary fair values recorded for the assets acquired and liabilities assumed for Shaser are as follows:
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Cotton-Valley Oil and Gas Properties [Member]
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Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents a summary of the fair value of assets acquired and liabilities assumed as part of the acquisition:
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Business Combination Preliminary Allocation Of Purchase Price Disclosure [Table Text Block] No definition available.
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Summary of acquisition and integration related charges incurred. No definition available.
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- Definition
No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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Investments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-Sale Securities | The Company’s consolidated investments are summarized as follows:
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Amortized Cost and Fair Value of Fixed Maturity Available-for-Sale Securities | The amortized cost and fair value of fixed maturity available-for-sale securities by contractual maturities, as applicable, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or pre-pay obligations.
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Fair Value and Gross Unrealized Losses of Available-for-Sale-Securities |
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Reconciliation of Other-than-Temporary Impairment on Fixed Maturity | The following table provides a reconciliation of the beginning and ending balances of the credit loss portion of other-than-temporary impairments on fixed maturity securities held by FGL for the three and nine months ended June 30, 2013 and July 1, 2012, for which a portion of the other-than-temporary impairment was recognized in AOCI:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other-than-Temporary Impairments | Details underlying write-downs taken as a result of other-than-temporary impairments that were recognized in earnings and included in net realized gains on securities were as follows:
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Portfolio of Asset-Backed Loans and Other Invested Assets | "Asset-backed loans" in the Condensed Consolidated Balance Sheets as of June 30, 2013 and September 30, 2012, consisted of the following:
|
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Schedule of Allowance for Credit Losses | The following table presents the activity in its allowance for credit losses for the three and nine months ended June 30, 2013 and July 1, 2012:
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Schedule of Credit Quality of Asset-Based Loan Portfolio | The following tables present information about the credit quality of the asset-based loan portfolio, based on National Association of Insurance Commissioners ("NAIC") risk rating, as of June 30, 2013 and September 30, 2012:
|
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Net Investment Income | The major sources of "Net investment income" on the accompanying Condensed Consolidated Statements of Operations were as follows:
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Net Investment Gains | Net investment gains (losses)" reported on the accompanying Condensed Consolidated Statements of Operations were as follows:
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Cash Flows from Consolidated Investing Activities by Security | Cash flows from consolidated investing activities by security classification were as follows:
|
X | ||||||||||
- Definition
Other than temporary impairment losses investments portion recognized in earnings net by investment category. No definition available.
|
X | ||||||||||
- Definition
Schedule of amortized cost and fair value of fixed maturity available for sale securities and periodic payments from other securities. No definition available.
|
X | ||||||||||
- Definition
Schedule Of Asset Backed Loans Other Invested Assets [Table Text Block] No definition available.
|
X | ||||||||||
- Definition
Schedule of cash flows from consolidated investing activities by security. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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Derivative Financial Instruments (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Derivative [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets | The fair value of outstanding derivative contracts recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
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Pretax Impact of Derivative Instruments Designated as Cash Flow Hedges on Accompanying Condensed Consolidated Statements of Operations, and Within AOCI | The following table summarizes the pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI, for the three and nine months ended June 30, 2013 and July 1, 2012:
|
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Summary of Gain (Loss) Recognized in Income on Derivatives | During the three and nine months ended June 30, 2013 and July 1, 2012 the Company recognized the following gains (losses) on these derivatives:
|
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Volumes and Fair Value of Oil and Natural Gas Derivative Financial Instruments | The following table presents the volumes and fair value of the EXCO/HGI JV's oil and natural gas derivative financial instruments as of June 30, 2013 (presented on a calendar-year basis) :
|
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Commodity contracts [Member]
|
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Derivative [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Gain (Loss) Recognized in Income on Derivatives |
|
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Call options [Member]
|
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Derivative [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FGL's Exposure to Credit Loss on Call Options Held | Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
|
X | ||||||||||
- Definition
Schedule of cash flow hedging instruments statements of financial performance location. No definition available.
|
X | ||||||||||
- Definition
Schedule of exposure to credit loss on derivative instrument. No definition available.
|
X | ||||||||||
- Definition
Schedule of the Volumes and Fair Value of Oil and Natural Gas Derivative Financial Instruments [Table Text Block] No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Securitizations and Variable Interest Entities Securitizations and Variable Interest Entities (Tables) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
Feb. 14, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
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Variable Interest Entity [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed loans | $ 430.2 | $ 180.1 | $ 175.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | 212.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable | 212.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement | 57.5 | 63.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable, Portion Sellers Interest | 62.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Consolidated, Carrying Amount, Other Assets | 21.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Consolidated, Carrying Amount, Assets | 233.0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Consolidated, Carrying Amount, Other Liabilities | 2.9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities | $ 227.9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Variable Interest Entities [Table Text Block] | The table below summarizes select information related to the CLO vehicle in which Salus held a variable interest at June 30, 2013.
|
X | ||||||||||
- Definition
Financing Receivable Held For Investment No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable, Portion Sellers Interest No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Other Assets No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Other Liabilities No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Proportionaly Consolidated Equity Method Investments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Proportionately Consolidated Equity Method Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Equity Method Investments | The following tables present summarized consolidated financial information of HGI's proportionately consolidated equity investment in the EXCO/HGI JV, for the period subsequent to HGI's acquisition of the equity interest on February 14, 2013.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value of Financial Instruments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets and Liabilities Carrying at Fair Value on Recurring Basis | The carrying amounts and estimated fair values of the Company’s consolidated financial instruments for which the disclosure of fair values is required, including (i) financial assets and liabilities measured and carried at fair value on a recurring basis, and (ii) financial assets and liabilities not measured at fair value but for which fair value disclosures are required; are summarized according to the hierarchy previously described as follows:
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Schedule of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis | Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of June 30, 2013 is as follows:
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Changes in Fair Value of Financial Instruments | The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three and nine months ended June 30, 2013 and July 1, 2012. This summary excludes any impact of amortization of VOBA and DAC. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
|
X | ||||||||||
- Definition
Fair value assets and liabilities measured on recurring basis unobservable input reconciliation. No definition available.
|
X | ||||||||||
- Definition
Unobservable Data Used In Recurring Valuations Of Level Three [Table Text Block] No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Goodwill and Intangibles, including DAC and VOBA (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Changes in Carrying Amounts of Goodwill and Intangible Assets Including FGL's DAC and VOBA Balances | A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGL’s deferred acquisition costs ("DAC") and value of business acquired ("VOBA") balances, are as follows:
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Summary of Definite Lived Intangible Assets | Definite lived intangible assets are summarized as follows:
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Summary of Amortization Expense of Definite Lived Intangible Assets | Amortization expense for definite lived intangible assets is as follows:
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Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods | Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:
|
X | ||||||||||
- Definition
Amortization expense. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Debt | The Company’s consolidated debt consists of the following:
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Defined Benefit Plans (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Consolidated Net Periodic Benefit and Deferred Compensation Benefit Costs and Contributions Made | The components of consolidated net periodic benefit and deferred compensation benefit costs and contributions made are as follows:
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Reinsurance (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Reinsurance Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes | The effect of reinsurance on premiums earned, benefits incurred and reserve changes were as follows:
|
X | ||||||||||
- Definition
Schedule of effect of reinsurance on premiums earned and benefits incurred and reserve changes. No definition available.
|
X | ||||||||||
- Details
|
Stock Compensation (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Share-based Compensation, Activity [Table Text Block] | A summary of the activity related to the incentive unit plan was as follows:
|
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Consolidated Stock Compensation Expense | The Company recognized consolidated stock compensation expense as follows:
|
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Summary of Stock Options Outstanding and Related Activity | A summary of stock options outstanding as of June 30, 2013 and related activity during the nine months then ended, under HGI and FGL’s respective incentive plans are as follows (share amounts in thousands):
|
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Summary of Restricted Stock and Restricted Stock Units Outstanding and Related Activity | A summary of restricted stock and restricted stock units outstanding as of June 30, 2013 and related activity during the nine months then ended, under HGI, Spectrum Brands and FGL’s respective incentive plans are as follows (share amounts in thousands):
|
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Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model | The following assumptions were used in the determination of these grant date fair values using the Black-Scholes option pricing model:
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Share (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Basic and Diluted EPS | The following table sets forth the computation of basic and diluted EPS (share amounts in thousands):
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures (Tables)
|
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Other Required Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Receivables, Net | Receivables, net" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
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Components of Inventories | Inventories of Spectrum Brands which are stated at the lower of cost or market, consist of the following:
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Components of Properties | Properties, including oil and natural gas properties, net, consist of the following:
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Schedule of Other Assets | Other assets" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
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Components of Accounts Payable and Other Current Liabilities | "Accounts payable and other current liabilities" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
|
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Schedule of Other Liabilities | "Other liabilities" in the accompanying Condensed Consolidated Balance Sheets consist of the following:
|
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Reconciliation of Asset Retirement Obligations | Asset retirement obligations The following is a reconciliation of the EXCO/HGI JV's asset retirement obligations for the period from inception to June 30, 2013:
|
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Summarization of Restructuring and Related Charges | The following table summarizes restructuring and related charges incurred by the Global Expense Rationalization Initiatives and the Global Cost Reduction Initiatives, as well as other initiatives which were not significant, for the three months ended June 30, 2013 and July 1, 2012 and where those charges are classified in the accompanying Condensed Consolidated Statements of Operations:
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Summarization of Remaining Accrual Balance Associated with Initiatives and Activity | The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the nine months ended June 30, 2013:
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Segment Data (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Information | Accordingly, the Company currently operates its business in four reporting segments: (i) Consumer Products, (ii) Insurance, (iii) Energy, and (iv) Financial Services.
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Consolidating Financial Information (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2013
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Text Block [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Balance Sheet Information | Harbinger Group Inc. - Condensed Consolidating Balance Sheet Information
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Schedule of Income Statement Information | Harbinger Group Inc. - Condensed Consolidating Statements of Operations Information
|
X | ||||||||||
- Definition
Schedule of Balance Sheet Information Table [Table Text Block] No definition available.
|
X | ||||||||||
- Definition
Schedule Of Income Statement Information Table [Table Text Block] No definition available.
|
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- Details
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Description of Business, Basis of Presentation and Recent Accounting Pronouncements - Additional Information (Detail)
|
9 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 1 Months Ended | ||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
USD ($)
Segment
|
Sep. 30, 2012
USD ($)
|
Feb. 14, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
USD ($)
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Maximum [Member]
USD ($)
|
Feb. 14, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Maximum [Member]
USD ($)
|
Jun. 30, 2013
Fidelity And Guaranty Life Holdings [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
USD ($)
|
Sep. 30, 2012
Fidelity And Guaranty Life Holdings [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Six Point Three Seven Five Senior Notes [Member]
USD ($)
|
Sep. 30, 2012
Spectrum Brands [Member]
Six Point Three Seven Five Senior Notes [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
6.625% Notes [Member]
USD ($)
|
Sep. 30, 2012
Spectrum Brands [Member]
6.625% Notes [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
CAD
|
Sep. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
USD ($)
|
Sep. 30, 2012
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
USD ($)
|
Jun. 30, 2013
Zap Com Corporation [Member]
|
Jan. 01, 2013
Fgl Reinsurance Agreement With Fsr [Member]
USD ($)
|
Dec. 30, 2012
Fgl Reinsurance Agreement With Fsr [Member]
USD ($)
|
Mar. 05, 2013
EXCO/HGI JV [Member]
EXCO/HGI Partnership Credit Agreement [Member]
USD ($)
|
Feb. 14, 2013
EXCO/HGI JV [Member]
EXCO/HGI Partnership Credit Agreement [Member]
USD ($)
|
Jun. 30, 2013
HGI [Member]
|
Jul. 23, 2013
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Jun. 30, 2013
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Dec. 30, 2012
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Sep. 30, 2012
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Dec. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Jun. 30, 2013
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Sep. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Feb. 14, 2013
EXCO/HGI JV [Member]
USD ($)
|
Feb. 14, 2013
EXCO/HGI JV [Member]
HGI [Member]
USD ($)
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
USD ($)
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
EXCO/HGI JV [Member]
USD ($)
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
HGI [Member]
USD ($)
|
|
Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||
Percentage of common stock outstanding collectively held by principal stockholders | 74.20% | ||||||||||||||||||||||||||||||||||||
Voting interest | 55.60% | ||||||||||||||||||||||||||||||||||||
Document Period End Date | Jun. 30, 2013 | Jun. 30, 2013 | |||||||||||||||||||||||||||||||||||
Company' s beneficial ownership of outstanding common stock | 59.20% | ||||||||||||||||||||||||||||||||||||
Business Acquisition Percentage Of Equity Interests Acquired | 74.50% | ||||||||||||||||||||||||||||||||||||
Secondary offering, shares | 23,000,000 | ||||||||||||||||||||||||||||||||||||
Secondary offering, price per share | $ 7.50 | ||||||||||||||||||||||||||||||||||||
Debt, face amount | $ 300,000,000 | $ 520,000,000 | $ 570,000,000 | $ 800,000,000.0 | 100,000,000.0 | $ 225,000,000 | $ 700,000,000.0 | $ 498,000,000.0 | |||||||||||||||||||||||||||||
Long-term debt, interest rate | 6.375% | 6.375% | 0.00% | 6.625% | 0.00% | 4.60% | 0.00% | 0.00% | 5.10% | 7.875% | 7.875% | 7.875% | 10.625% | 10.625% | |||||||||||||||||||||||
Discharge of remaining outstanding | 2,000,000 | ||||||||||||||||||||||||||||||||||||
Line of credit, maximum borrowing capacity | 800,000,000 | 100,000,000 | 470,000,000.0 | 400,000,000.0 | |||||||||||||||||||||||||||||||||
Long-term debt | 4,562,300,000 | 2,165,000,000 | 300,000,000 | 520,000,000 | 0 | 570,000,000 | 0 | 757,500,000 | 0 | 0 | 370,200,000 | 370,200,000 | 700,000,000.0 | 500,000,000 | |||||||||||||||||||||||
Reinsurance arrangment in percentage | 10.00% | ||||||||||||||||||||||||||||||||||||
Reinsurance Recoverables, Gross | 1,500,000,000 | ||||||||||||||||||||||||||||||||||||
Payments for reinsurance | 1,500,000,000 | ||||||||||||||||||||||||||||||||||||
Asset-backed loans | 430,200,000 | 180,100,000 | 175,500,000 | 225,000,000 | 250,000,000 | ||||||||||||||||||||||||||||||||
Business combination, assets acquired | $ 517,600,000 | $ 694,500,000 | $ 130,900,000 | $ 97,500,000 | $ 130,900,000 | ||||||||||||||||||||||||||||||||
Percentage of ownership interest acquired | 97.90% | ||||||||||||||||||||||||||||||||||||
Number of reporting segments | 4 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Business acquisition percentage of equity interests acquired. No definition available.
|
X | ||||||||||
- Definition
Financing Receivable Held For Investment No definition available.
|
X | ||||||||||
- Definition
Percentage Of Beneficial Ownership No definition available.
|
X | ||||||||||
- Definition
Percentage of common stock outstanding collectively held by principal stockholders. No definition available.
|
X | ||||||||||
- Definition
Percentage of ownership interest acquired. No definition available.
|
X | ||||||||||
- Definition
Percentage of voting interest represented by common stock ownership by principal stockholders. No definition available.
|
X | ||||||||||
- Definition
Reinsurance Arrangement In Percentage No definition available.
|
X | ||||||||||
- Definition
Secondary Offering Common Stock Price Per Share No definition available.
|
X | ||||||||||
- Definition
Secondary Offering Of Common Stock No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Basis of Presentation, Significant Accounting Polices and Practicies and Recent Accounting Pronouncements (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|---|
Jun. 30, 2013
agreement
|
Jun. 30, 2013
EXCO/HGI JV [Member]
Unproved oil and natural gas properties and development costs not being amortized [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
Unproved oil and natural gas properties and development costs not being amortized [Member]
|
Jun. 30, 2013
HGI Energy Holdings, LLC [Member]
EXCO/HGI JV [Member]
|
Jun. 30, 2013
HGI Energy Holdings, LLC [Member]
EXCO/HGI JV [Member]
|
Jun. 30, 2013
HGI Energy Holdings, LLC [Member]
EXCO/HGI JV [Member]
Maximum [Member]
Gas Gathering Assets [Member]
|
|
Reserve Quantities [Line Items] | ||||||
Oil and natural gas properties (full accounting method) | $ 49.8 | $ 48.5 | ||||
Unproved oil and natural gas properties, expected period of evaluation and transfer to depletable portion | 4 years | |||||
Unamortized costs exceed ceiling limitations | 211.2 | |||||
Partnership, period used to determin expected future prices | 5 years | |||||
Property, plant and equipment useful life | 14 years | |||||
Partnership, number of types of agreements generally sold | 2 | |||||
Overhead charges | $ 1.8 | $ 2.4 |
X | ||||||||||
- Definition
Partnership, Number of Types of Agreements Generally Sold No definition available.
|
X | ||||||||||
- Definition
Partnership, Period Used to Determine Expected Future Prices No definition available.
|
X | ||||||||||
- Definition
Unproved Oil and Natural Gas Properties, Expected Period of Evaluation and Transfer to Depletable Portion No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Acquisitions - Schedule of Preliminary purchase price (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
HHI Business [Member]
|
Dec. 17, 2012
HHI Business [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
|
Apr. 08, 2013
TLM Taiwan [Member]
|
Dec. 17, 2012
Hardware Acquisition [Member]
|
Dec. 17, 2012
Business Combination Measurement Period Adjustment [Member]
Hardware Acquisition [Member]
|
---|---|---|---|---|---|---|
Business Acquisition [Line Items] | ||||||
Property, plant and equipment | $ 136.2 | $ 104.5 | $ 36.8 | $ (5.1) | ||
Negotiated sales price | 1,300.0 | 50.0 | 100.0 | |||
Preliminary working capital and other adjustments | (7.7) | (10.7) | (0.4) | (6.5) | ||
Preliminary purchase price | $ 1,281.6 | $ 49.6 | $ 1,375.1 |
X | ||||||||||
- Definition
Business Acquisition Cost Of Acquired Entity Preliminary Purchase Price No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Negotiated Sales Price No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Preliminary Working Capital And Other Adjustments No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Acquisitions - Additional Information (Detail) (USD $)
|
9 Months Ended | 9 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | |||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jul. 01, 2012
|
Sep. 30, 2012
|
Jun. 30, 2013
Minimum [Member]
|
Jun. 30, 2013
Maximum [Member]
|
Jun. 30, 2013
VOBA [Member]
|
Jun. 30, 2013
Technology assets [Member]
Minimum [Member]
|
Jun. 30, 2013
Technology assets [Member]
Maximum [Member]
|
Jun. 30, 2013
Customer relationships [Member]
Minimum [Member]
|
Jun. 30, 2013
Customer relationships [Member]
Maximum [Member]
|
Dec. 17, 2012
HHI Business [Member]
|
Jun. 30, 2013
HHI Business [Member]
|
Dec. 17, 2012
HHI Business [Member]
Technology assets [Member]
|
Dec. 17, 2012
HHI Business [Member]
Technology assets [Member]
Minimum [Member]
|
Dec. 17, 2012
HHI Business [Member]
Technology assets [Member]
Maximum [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trade name license agreement [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trade name license agreement [Member]
Minimum [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trade name license agreement [Member]
Maximum [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trade name [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trade name [Member]
Minimum [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trade name [Member]
Maximum [Member]
|
Dec. 17, 2012
HHI Business [Member]
Customer relationships [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trademarks and trade names [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trademarks and trade names [Member]
Minimum [Member]
|
Dec. 17, 2012
HHI Business [Member]
Trademarks and trade names [Member]
Maximum [Member]
|
Jun. 30, 2013
Shaser Biosciences, Inc. [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
Non-controlling Interest [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
Technology assets [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
Call Option exercisable between January 1, 2017 and March 31, 2017 [Member]
|
Jun. 30, 2013
Shaser Biosciences, Inc. [Member]
Business Combination Measurement Period Adjustment [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
EXCO [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
HGI [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
HGI Energy Holdings, LLC [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
EXCO/HGI General Partner [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
HGI [Member]
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
EXCO/HGI JV [Member]
|
Apr. 06, 2011
FGL [Member]
|
Jun. 30, 2013
FGL [Member]
|
|
Business Acquisition [Line Items] | |||||||||||||||||||||||||||||||||||||||||
Goodwill | $ 1,470,200,000 | $ 694,200,000 | $ 662,100,000 | $ 720,800,000 | $ 65,600,000 | $ 63,900,000 | $ 1,700,000 | ||||||||||||||||||||||||||||||||||
Deferred tax liability - long-term | 104,700,000 | 117,800,000 | |||||||||||||||||||||||||||||||||||||||
Property, plant and equipment | 104,500,000 | 136,200,000 | |||||||||||||||||||||||||||||||||||||||
Inventory | 207,200,000 | 205,900,000 | |||||||||||||||||||||||||||||||||||||||
Inventory adjustment to fair value | 31,000,000 | ||||||||||||||||||||||||||||||||||||||||
Property, plant and equipment, net adjustment to fair value | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||
Intangible asset | 470,000,000 | 487,100,000 | 32,800,000 | 35,500,000 | (2,700,000) | ||||||||||||||||||||||||||||||||||||
Estimated sales growth rate | 2.50% | 31.00% | 2.50% | 5.00% | 2.50% | 5.00% | 3.00% | 2.50% | 5.00% | 3.00% | 3.00% | ||||||||||||||||||||||||||||||
Customer retention rate | 95.00% | ||||||||||||||||||||||||||||||||||||||||
Estimated Income tax rate | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | 35.00% | |||||||||||||||||||||||||||||||||
Discounted rate | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 12.00% | 11.00% | ||||||||||||||||||||||||||||||||||
Carrying value, intangible asset | 51,000,000 | 12,000,000 | 4,100,000 | 90,000,000 | 330,000,000 | 32,800,000 | |||||||||||||||||||||||||||||||||||
Amortization period, intangible asset | 1 year | 20 years | 4 years 10 months 24 days | 4 years | 17 years | 15 years | 20 years | 5 years | 8 years | 20 years | 13 years | ||||||||||||||||||||||||||||||
Royalty rate | 4.00% | 5.00% | 4.00% | 3.50% | 3.00% | 5.00% | 10.50% | ||||||||||||||||||||||||||||||||||
Expected terminal year growth rate | 2.50% | ||||||||||||||||||||||||||||||||||||||||
Remaining legal life | 10 years | ||||||||||||||||||||||||||||||||||||||||
Deferred tax liabilities, net | 125,000,000 | ||||||||||||||||||||||||||||||||||||||||
Business Acquisition Percentage Of Equity Interests Acquired | 56.00% | 44.00% | 24.50% | 74.50% | 73.50% | 2.00% | |||||||||||||||||||||||||||||||||||
Business Combination Purchase Consideration Transferred | 725,000,000 | 349,800,000 | 574,800,000 | ||||||||||||||||||||||||||||||||||||||
Trailing revenues | 100.00% | ||||||||||||||||||||||||||||||||||||||||
Adjusted trailing EBITDA | 700.00% | ||||||||||||||||||||||||||||||||||||||||
Non-controlling interest | 2,200,000 | 4,400,000 | 39,000,000 | 39,000,000 | 39,000,000 | 0 | 119,100,000 | ||||||||||||||||||||||||||||||||||
Preliminary working capital and other adjustments | (10,700,000) | (7,700,000) | (400,000) | 30,500,000 | |||||||||||||||||||||||||||||||||||||
Purchase price | 629,500,000 | 658,700,000 | 23,000,000 | 24,700,000 | (1,700,000) | 694,500,000 | 517,600,000 | 130,900,000 | 130,900,000 | 97,500,000 | |||||||||||||||||||||||||||||||
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Oil And Natural Gas Properties | 697,300,000 | 519,500,000 | 138,400,000 | 103,100,000 | |||||||||||||||||||||||||||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Gas Gathering Assets | 21,500,000 | ||||||||||||||||||||||||||||||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Asset Retirement Obligation | 18,500,000 | 5,600,000 | |||||||||||||||||||||||||||||||||||||||
Cash consideration | 2,013,700,000 | 185,100,000 | 350,000,000 | ||||||||||||||||||||||||||||||||||||||
Cash consideration re-characterized as expense | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||
Reduction in purchase price | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||
Insurance obligations under annuity contract | 3,000,000,000 | ||||||||||||||||||||||||||||||||||||||||
Maximum amount of asset securing reinsurance obligations | 1,000,000,000 | ||||||||||||||||||||||||||||||||||||||||
Maximum amount required to pay under Front Street Reinsurance Transaction | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||
Fair value assigned to the contingent purchase price reduction | 0 | ||||||||||||||||||||||||||||||||||||||||
Business Combination, Contingent Consideration, Asset | $ 41,000,000 |
X | ||||||||||
- Definition
Business acquisition contingent consideration, key assumptions, discount rate. No definition available.
|
X | ||||||||||
- Definition
Business acquisition cost of acquired entity re-characterized as an expense. No definition available.
|
X | ||||||||||
- Definition
Business acquisition fair value of contingent consideration. No definition available.
|
X | ||||||||||
- Definition
Business acquisition fair value of contingent purchase price consideration reduction. No definition available.
|
X | ||||||||||
- Definition
Business acquisition percentage of equity interests acquired. No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Preliminary Working Capital And Other Adjustments No definition available.
|
X | ||||||||||
- Definition
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Liabilities, Net No definition available.
|
X | ||||||||||
- Definition
Business Combination Purchase Consideration Transferred No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Asset Retirement Obligation No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Gas Gathering Assets No definition available.
|
X | ||||||||||
- Definition
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Oil And Natural Gas Properties No definition available.
|
X | ||||||||||
- Definition
Finite Lived Intangible Assets Estimated Useful Life No definition available.
|
X | ||||||||||
- Definition
Insurance obligations under annuity contract. No definition available.
|
X | ||||||||||
- Definition
Market Multiples For Trailing Twelve Month Ebitda Of Comparable Companies No definition available.
|
X | ||||||||||
- Definition
Market Multiples For Trailing Twelve Month Revenue No definition available.
|
X | ||||||||||
- Definition
Maximum amount of asset securing reinsurance obligations. No definition available.
|
X | ||||||||||
- Definition
Maximum amount required to pay under front street reinsurance transaction. No definition available.
|
X | ||||||||||
- Definition
Retention rate. No definition available.
|
X | ||||||||||
- Definition
Revenue growth rate. No definition available.
|
X | ||||||||||
- Definition
Royalty rate. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Acquisitions - Summary of Amounts Recorded in Connection with Acquisition of Business (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 9 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
Jun. 30, 2013
HGI [Member]
|
Feb. 14, 2013
EXCO/HGI General Partner [Member]
EXCO [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
EXCO [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
HGI [Member]
|
Feb. 14, 2013
EXCO/HGI JV [Member]
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
HGI [Member]
|
Mar. 05, 2013
Cotton-Valley Oil and Gas Properties [Member]
EXCO/HGI JV [Member]
|
Jun. 30, 2013
HHI Business [Member]
|
Dec. 17, 2012
HHI Business [Member]
|
Apr. 08, 2013
TLM Taiwan [Member]
|
Dec. 17, 2012
Hardware Acquisition [Member]
Business Combination Measurement Period Adjustment [Member]
|
Jun. 30, 2013
Shaser Biosciences, Inc. [Member]
|
Nov. 08, 2012
Shaser Biosciences, Inc. [Member]
|
Jun. 30, 2013
Shaser Biosciences, Inc. [Member]
Business Combination Measurement Period Adjustment [Member]
|
|
Business Acquisition [Line Items] | |||||||||||||||||
Document Period End Date | Jun. 30, 2013 | Jun. 30, 2013 | |||||||||||||||
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract] | |||||||||||||||||
Cash | $ 0.1 | $ 0.1 | $ 0 | $ 0 | $ 24.0 | $ 17.4 | $ 0.8 | $ 5.8 | $ 0.9 | $ 0.9 | $ 0 | ||||||
Accounts receivable | 109.0 | 104.6 | 0 | 4.4 | |||||||||||||
Inventory | 205.9 | 207.2 | 1.1 | (2.4) | |||||||||||||
Prepaid expenses and other | 11.2 | 13.3 | 2.1 | (4.2) | |||||||||||||
Property, plant and equipment | 136.2 | 104.5 | 36.8 | (5.1) | |||||||||||||
Intangible asset | 487.1 | 470.0 | 17.1 | 0 | 32.8 | 35.5 | (2.7) | ||||||||||
Other long-term assets | 32.7 | 24.5 | 0 | 0 | 3.2 | 3.1 | 0.1 | 0 | 2.7 | 2.7 | 0 | ||||||
Total assets acquired | 976.6 | 920.1 | 58.0 | (1.5) | 36.4 | 39.1 | (2.7) | ||||||||||
Oil and natural gas properties | |||||||||||||||||
Unproved oil and natural gas properties | 65.1 | 48.5 | 7.2 | 5.4 | |||||||||||||
Proved developed and undeveloped oil and natural gas properties | 632.2 | 471.0 | 131.2 | 97.7 | |||||||||||||
Total oil and natural gas properties | 697.3 | 519.5 | 138.4 | 103.1 | |||||||||||||
Accounts payable | 138.1 | 130.1 | 0 | 8.0 | |||||||||||||
Deferred tax liability - current | 7.1 | 7.1 | 0 | 0 | |||||||||||||
Accrued liabilities | (10.8) | (8.0) | 0 | 0 | (37.8) | (37.5) | (0.2) | (0.1) | |||||||||
Deferred tax liability - long-term | 117.8 | 104.7 | 1.9 | 11.2 | |||||||||||||
Other long-term liabilities | (24.8) | (18.5) | (7.5) | (5.6) | (17.1) | (11.2) | (8.1) | 2.2 | |||||||||
Total liabilities assumed | 317.9 | 290.6 | 10.2 | 17.1 | 13.4 | 14.4 | (1.0) | ||||||||||
Total identifiable net assets | 694.5 | 517.6 | 130.9 | 130.9 | 97.5 | 658.7 | 629.5 | 47.8 | (18.6) | 23.0 | 24.7 | (1.7) | |||||
Non-controlling interests | (119.1) | (4.4) | (2.2) | 0 | (2.2) | (39.0) | (39.0) | 0 | |||||||||
Goodwill | 1,470.2 | 694.2 | 720.8 | 662.1 | 45.6 | 13.1 | 65.6 | 63.9 | 1.7 | ||||||||
Total net assets acquired | 1,375.1 | 1,289.4 | 93.4 | (7.7) | 49.6 | 49.6 | 0 | ||||||||||
Business Acquisition Percentage Of Equity Interests Acquired | 50.00% | 24.50% | 74.50% | 56.00% | |||||||||||||
Business Combination Purchase Consideration Transferred | 725.0 | 349.8 | 574.8 | ||||||||||||||
Preliminary working capital and other adjustments | $ 30.5 | $ (7.7) | $ (10.7) | $ (6.5) | $ (0.4) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Business acquisition percentage of equity interests acquired. No definition available.
|
X | ||||||||||
- Definition
Business Acquisition Preliminary Working Capital And Other Adjustments No definition available.
|
X | ||||||||||
- Definition
Business Combination Purchase Consideration Transferred No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Accounts Receivable No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Accrued Liabilites No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Current No definition available.
|
X | ||||||||||
- Definition
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Oil And Natural Gas Properties No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Prepaid Expenses and Other No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Proved Developed and Undeveloped Oil and Natural Gas Properties No definition available.
|
X | ||||||||||
- Definition
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Unproved Oil and Natural Gas Properties No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
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- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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- Details
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- Definition
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- Details
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- Details
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- Details
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- Definition
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- Definition
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- Definition
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- Definition
No authoritative reference available. No definition available.
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- Definition
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- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Business acquisition employee termination charges. No definition available.
|
X | ||||||||||
- Definition
Business acquisition legal and professional fees. No definition available.
|
X | ||||||||||
- Definition
Business combination, acquisition and integration related costs. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Asset Backed Securities Fair Value Disclosure No definition available.
|
X | ||||||||||
- Definition
Available for sale securities amortized cost derivatives. No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities Carrying Value No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities Fair Value No definition available.
|
X | ||||||||||
- Definition
Available for sale securities gross gain derivatives. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities gross unrealized gains Investment. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities gross unrealized losses investment. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities losses derivatives. No definition available.
|
X | ||||||||||
- Definition
Investments, Unrealized Gains No definition available.
|
X | ||||||||||
- Definition
Investments, Unrealized Losses No definition available.
|
X | ||||||||||
- Definition
Other investments amortized cost. No definition available.
|
X | ||||||||||
- Definition
Other Investments Gross Unrealized Gain No definition available.
|
X | ||||||||||
- Definition
Other Short Term Investments Gross Unrealized Losses No definition available.
|
X | ||||||||||
- Definition
Unrealized amortized cost on securities. No definition available.
|
X | ||||||||||
- Definition
Unrealized gain related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
X | ||||||||||
- Definition
Unrealized losses related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
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X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
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- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Investments - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |||
---|---|---|---|---|---|---|
Jun. 30, 2013
Investment
industry
|
Jun. 30, 2013
Investment
industry
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Sep. 30, 2012
|
Jan. 01, 2012
|
|
Schedule of Available-for-sale Securities [Line Items] | ||||||
Document Period End Date | Jun. 30, 2013 | |||||
Treasury Yield | 2.48% | 2.48% | 1.63% | |||
Other than temporary impairment credit losses recognized in earnings additions other | $ 0.7 | $ 1.6 | $ 19.8 | $ 2.5 | ||
Credit losses in operations, including credit impairments | 0.5 | 0.8 | ||||
Credit losses in operations, change of intent operations | 0.2 | 0.9 | 15.0 | 1.8 | ||
Amortized cost on other-than temporary impairments | 4.1 | 4.1 | 101.9 | |||
Fair value on other than temporary impairments | 2.4 | 2.4 | 80.6 | |||
Change-of-intent, and non-credit losses in other comprehensive income | 0 | 2.6 | 0.7 | |||
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities | 0.7 | 1.6 | 19.8 | 2.5 | ||
Significant investment, number of industries | 1 | 1 | ||||
Industry holdings, number of top investments | 10 | 10 | ||||
Non-agency residential mortgage-backed securities [Member]
|
||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||
Unrealized gains included in AOCI related to the non-credit portion of other than-temporary impairments on non-agency residential-mortgage-backed securities | 0 | 0 | 0.9 | |||
Unrealized losses included in AOCI related to the non-credit portion of other than-temporary impairments on non-agency residential-mortgage-backed securities | 0 | 0 | 1.9 | |||
Other Marketable Securities, Current | 0 | 0 | 0 | |||
FGL [Member]
|
||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||
Fair value of investment | 1,944.6 | 1,944.6 | ||||
Percentage of fair value of the invested assets portfolio | 11.80% | 11.80% | ||||
Investment in issuers | 78 | 78 | ||||
Percentage of investment accounting | 34.90% | 34.90% | ||||
FGL [Member] | Stockholders' Equity, Total [Member]
|
||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||
Fair value of investment | 1,629.2 | 1,629.2 | 1,625.9 | |||
Percentage of fair value of the invested assets portfolio | 10.00% | 10.00% | 9.80% | |||
Investment in issuers | 13 | |||||
Percentage of stockholders equity | 10.00% | 10.00% | ||||
Net Investment Income [Member]
|
||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||
Available for sale securities on fixed maturity | 836.0 | 5,741.6 | 4,366.3 | 1,216.2 | ||
Available-for-sale Securities, Gross Realized Gains | 35.0 | 284.0 | 211.9 | 49.5 | ||
Available-for-sale Securities, Gross Realized Losses | (0.5) | 1.0 | 20.9 | 9.2 | ||
Concentration [Member] | FGL [Member]
|
||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||
Fair value of investment | 156.9 | 156.9 | 152.9 | |||
Percentage of fair value of the invested assets portfolio | 1.00% | 1.00% | 0.70% | |||
Insurance and Financial Services [Member]
|
||||||
Schedule of Available-for-sale Securities [Line Items] | ||||||
Fair value on securities | $ 25.4 | $ 25.4 | $ 1.2 | |||
Percentage of amortized cost | 20.00% | |||||
Percentage of carrying values of all investments (less than 1%) | 1.00% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Amortized cost of investments with other than temporary impairments. No definition available.
|
X | ||||||||||
- Definition
Available for sale depressed securities fair value disclosure. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities on fixed maturity under commitment agreement. No definition available.
|
X | ||||||||||
- Definition
Equity Investment Ownership Percentage No definition available.
|
X | ||||||||||
- Definition
Fair value of investments with other than temporary impairments. No definition available.
|
X | ||||||||||
- Definition
Industry Holdings, Number of Top Investments No definition available.
|
X | ||||||||||
- Definition
Non Credit Related Losses Recognized In Other Comprehensive Income No definition available.
|
X | ||||||||||
- Definition
Number of investment issuers. No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Change Of Intent Operations No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Including Credit Impairments No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Other No definition available.
|
X | ||||||||||
- Definition
Percentage of available for sale depressed securities above amortized cost. No definition available.
|
X | ||||||||||
- Definition
Percentage of available for sale depressed securities in relation to carrying values of all investments. No definition available.
|
X | ||||||||||
- Definition
Percentage of investment in industry relation to aggregate holdings in industry. No definition available.
|
X | ||||||||||
- Definition
Percentage of investments fair value in relation to invested assets portfolio. No definition available.
|
X | ||||||||||
- Definition
Significant Investment, Number of Industries No definition available.
|
X | ||||||||||
- Definition
Treasury Yield No definition available.
|
X | ||||||||||
- Definition
Unrealized gain related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
X | ||||||||||
- Definition
Unrealized losses related to non credit portion of other than temporary impairments included in accumulated other comprehensive income. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Investments - Amortized Cost and Fair Value of Fixed Maturity Available-for-Sale Securities (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended |
---|---|
Jun. 30, 2013
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Document Period End Date | Jun. 30, 2013 |
Total fixed maturity available-for-sale securities, Amortized Cost | $ 15,185.3 |
Total fixed maturity available-for-sale securities, Fair Value | 15,578.3 |
Asset-backed securities [Member]
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Other securities which provide for periodic payments, Amortized Cost | 1,416.2 |
Other securities which provide for periodic payments, Fair Value | 1,437.5 |
Commercial mortgage-backed securities [Member]
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Other securities which provide for periodic payments, Amortized Cost | 496.5 |
Other securities which provide for periodic payments, Fair Value | 523.9 |
Structured hybrids [Member]
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Other securities which provide for periodic payments, Amortized Cost | 59.3 |
Other securities which provide for periodic payments, Fair Value | 62.1 |
Agency residential mortgage-backed securities [Member]
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Other securities which provide for periodic payments, Amortized Cost | 108.7 |
Other securities which provide for periodic payments, Fair Value | 111.0 |
Non-agency residential mortgage-backed securities [Member]
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Other securities which provide for periodic payments, Amortized Cost | 1,274.8 |
Other securities which provide for periodic payments, Fair Value | 1,353.9 |
Non-structured Hybrids [Member] | Corporate [Member] | Municipal [Member] | U.S. Government securities [Member]
|
|
Schedule of Available-for-sale Securities [Line Items] | |
Due in one year or less, Amortized Cost | 394.5 |
Due after one year through five years, Amortized Cost | 2,720.5 |
Due after five years through ten years, Amortized Cost | 3,468.3 |
Due after ten years, Amortized Cost | 5,246.5 |
Subtotal, Amortized Cost | 11,829.8 |
Due in one year or less, Fair Value | 398.0 |
Due after one year through five years, Fair Value | 2,783.6 |
Due after five years through ten years, Fair Value | 3,528.8 |
Due after ten years, Fair Value | 5,379.5 |
Subtotal, Fair Value | $ 12,089.9 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities debt maturities amortized cost excluding single maturity date. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities debt maturities fair value excluding single maturity date. No definition available.
|
X | ||||||||||
- Definition
Available for sale securities fair value on debt maturities. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Investments - Fair Value and Gross Unrealized Losses of Available-for-Sale Securities (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
Security
|
Sep. 30, 2012
Security
|
|
Schedule of Available-for-sale Securities [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Available-for-sale securities, Fair Value, Less than 12 months | $ 4,436.9 | $ 681.1 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (185.8) | (11.9) |
Available-for-sale securities, Fair Value, 12 months or longer | 725.1 | 323.8 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 31.7 | 18.7 |
Available-for-sale securities, Fair Value, Total | 5,162.0 | 1,004.9 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (217.5) | (30.6) |
Total number of available-for-sale securities in an unrealized loss position, Less than 12 months | 537 | 100 |
Total number of available-for-sale securities in an unrealized loss position, 12 months or longer | 56 | |
Total number of available-for-sale securities in an unrealized loss position | 156 | |
Asset-backed securities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 300.6 | 169.8 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (4.1) | (1.0) |
Available-for-sale securities, Fair Value, 12 months or longer | 77.6 | 7.5 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 0.5 | 0.6 |
Available-for-sale securities, Fair Value, Total | 378.2 | 177.3 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (4.6) | (1.6) |
Commercial mortgage-backed securities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 28.7 | 0.8 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (0.3) | (0.8) |
Available-for-sale securities, Fair Value, 12 months or longer | 0 | 10.7 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 0.4 | 1.6 |
Available-for-sale securities, Fair Value, Total | 28.7 | 11.5 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (0.7) | (2.4) |
Corporates [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 3,133.5 | 411.3 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (142.4) | (8.1) |
Available-for-sale securities, Fair Value, 12 months or longer | 396.0 | 45.5 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 21.1 | 1.9 |
Available-for-sale securities, Fair Value, Total | 3,529.5 | 456.8 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (163.5) | (10.0) |
Equities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 90.9 | |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (3.2) | |
Available-for-sale securities, Fair Value, 12 months or longer | 33.9 | 44.5 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 1.4 | 1.3 |
Available-for-sale securities, Fair Value, Total | 124.8 | 44.5 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (4.6) | (1.3) |
Hybrids [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 75.4 | 13.4 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | 2.5 | (0.4) |
Available-for-sale securities, Fair Value, 12 months or longer | 40.7 | 107.7 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | (0.6) | 9.2 |
Available-for-sale securities, Fair Value, Total | 116.1 | 121.1 |
Available-for-sale Securities, Gross Unrealized Losses, Total | 3.1 | (9.6) |
Municipals [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 350.9 | 71.1 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (21.4) | (1.1) |
Available-for-sale securities, Fair Value, 12 months or longer | 101.4 | |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 6.0 | |
Available-for-sale securities, Fair Value, Total | 452.3 | 71.1 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (27.4) | (1.1) |
Agency residential mortgage-backed securities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 2.5 | 1.8 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | 0 | (0.2) |
Available-for-sale securities, Fair Value, 12 months or longer | 6.3 | 6.1 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 0.4 | 0.1 |
Available-for-sale securities, Fair Value, Total | 8.8 | 7.9 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (0.4) | (0.3) |
Non-agency residential mortgage-backed securities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 255.5 | 12.9 |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (8.0) | (0.3) |
Available-for-sale securities, Fair Value, 12 months or longer | 69.2 | 101.8 |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 1.3 | 4.0 |
Available-for-sale securities, Fair Value, Total | 324.7 | 114.7 |
Available-for-sale Securities, Gross Unrealized Losses, Total | (9.3) | (4.3) |
U.S. Government securities [Member]
|
||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, Fair Value, Less than 12 months | 198.9 | |
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses | (3.9) | |
Available-for-sale securities, Fair Value, 12 months or longer | 0 | |
Available-for-sale Securities, Gross Unrealized Losses, 12 months or longer | 0 | |
Available-for-sale securities, Fair Value, Total | 198.9 | |
Available-for-sale Securities, Gross Unrealized Losses, Total | $ (3.9) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Number Of Positions No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Number Of Positions No definition available.
|
X | ||||||||||
- Definition
Available for sale securities gross unrealized losses investment. No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities In A Continuous Unrealized Loss Position 12 Months Or Longer Aggregate Losses No definition available.
|
X | ||||||||||
- Definition
Available For Sale Securities In A Continuous Unrealized Loss Position Less Than 12 Months Aggregate Losses No definition available.
|
X | ||||||||||
- Definition
Number of available for sale securities in unrealized loss position. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Investments - Reconciliation of Other than Temporary Impairment on Fixed Maturity (Detail) (USD $)
|
3 Months Ended | 9 Months Ended | 15 Months Ended | ||||
---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Dec. 30, 2012
|
Jul. 31, 2012
|
Jan. 01, 2012
|
|
Investments, Debt and Equity Securities [Abstract] | |||||||
Document Period End Date | Jun. 30, 2013 | ||||||
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses | $ 0 | $ 0 | $ 100,000 | $ 100,000 | |||
Balance at the beginning of the period | 2,700,000 | 700,000 | 2,700,000 | 2,700,000 | 2,600,000 | ||
Increases attributable to credit losses on securities: | |||||||
Other-than-temporary impairment was not previously recognized | 0 | 0 | 1,900,000 | 0 | |||
Balance at the end of the period | $ 2,700,000 | $ 2,700,000 | $ 2,700,000 | $ 2,700,000 | $ 2,600,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Investments - Other-than-Temporary Impairments (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Document Period End Date | Jun. 30, 2013 | |||
Credit losses in operations, including credit impairments | $ 0.5 | $ 0.8 | ||
Change-of-intent, and non-credit losses in other comprehensive income | 0 | 2.6 | 0.7 | |
Other-than-temporary impairments recognized in net income: | ||||
Total other-than-temporary impairments | 0.7 | 1.6 | 19.8 | 2.5 |
Credit losses in operations, change of intent operations | 0.2 | 0.9 | 15.0 | 1.8 |
Corporates [Member]
|
||||
Other-than-temporary impairments recognized in net income: | ||||
Total other-than-temporary impairments | 0 | 0 | 2.2 | 1.5 |
Non-agency residential mortgage-backed securities [Member]
|
||||
Other-than-temporary impairments recognized in net income: | ||||
Total other-than-temporary impairments | 0.2 | 1.1 | 6.9 | 0.8 |
Hybrids [Member]
|
||||
Other-than-temporary impairments recognized in net income: | ||||
Total other-than-temporary impairments | 0 | 0 | 9.7 | 0 |
Other Invested Assets [Member]
|
||||
Other-than-temporary impairments recognized in net income: | ||||
Total other-than-temporary impairments | $ 0.5 | $ 0.5 | $ 1.0 | $ 0.2 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Non Credit Related Losses Recognized In Other Comprehensive Income No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Change Of Intent Operations No definition available.
|
X | ||||||||||
- Definition
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Including Credit Impairments No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Investments - Portfolio of Asset-Backed Loans and Other Invested Assets (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
|
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Asset-backed loans, by major industry: | ||
Total asset-backed loans | $ 433.3 | $ 181.5 |
Less: Allowance for credit losses | 3.1 | 1.4 |
Total asset-backed loans, net | 430.2 | 180.1 |
Wholesale [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | 23.0 | 77.2 |
Apparel [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | 177.5 | 70.1 |
Jewelry [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | 59.8 | 27.9 |
Other [Member]
|
||
Asset-backed loans, by major industry: | ||
Total asset-backed loans | $ 173.0 | $ 6.3 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Allowance For Credit Losses No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Asset backed loans and other invested assets. No definition available.
|
X | ||||||||||
- Definition
Asset Backed Loans And Other Invested Assets Gross No definition available.
|
X | ||||||||||
- Details
|
Investments - Schedule of Allowance for Credit Losses (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | ||||
---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Dec. 30, 2012
|
Jul. 31, 2012
|
Jan. 01, 2012
|
|
Investments, Debt and Equity Securities [Abstract] | |||||||
Document Period End Date | Jun. 30, 2013 | ||||||
Allowance for credit losses: | |||||||
Balance at beginning of period | $ 1.4 | $ 2.8 | $ 0.6 | $ 0.2 | |||
Provision for credit losses | 0.3 | 1.7 | 0.6 | 0.4 | |||
Charge-offs | |||||||
Recoveries | |||||||
Balance at end of period | $ 3.1 | $ 3.1 | $ 2.8 | $ 0.6 | $ 0.2 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Investments - Schedule of Credit Quality of Asset-Based Loan Portfolio (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
|
Financing Receivable, Recorded Investment [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | $ 433.3 | $ 181.5 |
Total asset-backed loans, percent | 100.00% | 100.00% |
Not Rated [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | ||
Total asset-backed loans, percent | ||
Credit Rating AAA/AA/A [Member] | Asset-based loans, by credit quality Rating 1 [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | 19.8 | 75.8 |
Total asset-backed loans, percent | 4.60% | 41.70% |
Credit Rating BBB [Member] | Asset-based loans, by credit quality Rating 2 [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | 392.8 | 94.9 |
Total asset-backed loans, percent | 90.70% | 52.30% |
Credit Rating B [Member] | Asset-based loans, by credit quality Rating 3 [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | 10.8 | |
Total asset-backed loans, percent | 6.00% | |
Credit Rating B [Member] | Asset-based loans, by credit quality Rating 4 [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | ||
Total asset-backed loans, percent | ||
Credit Rating CCC [Member] | Asset-based loans, by credit quality Rating 5 [Member]
|
||
Asset-based loans, by credit quality rating | ||
Total asset-backed loans | $ 20.7 | |
Total asset-backed loans, percent | 4.70% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Asset Backed Loans And Other Invested Assets Gross No definition available.
|
X | ||||||||||
- Definition
Financing Receivable Credit Quality Percentage No definition available.
|
X | ||||||||||
- Details
|
Investments - Net Investment Income (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Schedule of Investments [Line Items] | ||||
Document Period End Date | Jun. 30, 2013 | |||
Gross investment income | $ 193.2 | $ 550.2 | $ 548.2 | $ 182.1 |
External investment expense | (3.6) | (10.5) | (9.2) | (2.9) |
Net investment income | 189.6 | 539.7 | 539.0 | 179.2 |
Fixed maturity available-for-sale securities [Member]
|
||||
Schedule of Investments [Line Items] | ||||
Gross investment income | 173.8 | 172.7 | ||
Equity available-for-sale securities [Member]
|
||||
Schedule of Investments [Line Items] | ||||
Gross investment income | 3.9 | 11.5 | 10.8 | 4.8 |
Policy loans [Member]
|
||||
Schedule of Investments [Line Items] | ||||
Gross investment income | 0.1 | 0.6 | 0.6 | 0.2 |
Invested cash and short-term investments [Member]
|
||||
Schedule of Investments [Line Items] | ||||
Gross investment income | 0.2 | 1.4 | 3.5 | 2.1 |
Other investments [Member]
|
||||
Schedule of Investments [Line Items] | ||||
Gross investment income | $ 15.2 | $ 29.4 | $ 2.9 | $ 2.3 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
External investment expense. No definition available.
|
X | ||||||||||
- Definition
Gross investment income. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Investments - Net Investment Gains (Losses) (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Gain (Loss) on Investments [Abstract] | ||||
Document Period End Date | Jun. 30, 2013 | |||
Net realized gains before other-than-temporary impairments | $ 34.7 | $ 280.2 | $ 192.0 | $ 40.4 |
Gross other-than-temporary impairments | (0.7) | (1.6) | (21.3) | (2.4) |
Non-credit portion of other-than-temporary impairments included in other comprehensive income | 1.5 | (0.1) | ||
Net realized gains on fixed maturity available-for-sale securities | 34.0 | 278.6 | 172.2 | 37.9 |
Realized gains on equity securities | 4.5 | 6.4 | 0.8 | 0.4 |
Net realized gains on securities | 38.5 | 285.0 | 173.0 | 38.3 |
Realized gains (losses) on certain derivative instruments | 54.0 | 99.3 | (32.0) | (26.3) |
Unrealized gains on certain derivative instruments | (34.0) | 27.3 | 114.6 | (24.9) |
Change in fair value of derivatives | 20.0 | 126.6 | 82.6 | (51.2) |
Realized gains on other invested assets | (0.2) | (0.1) | (1.0) | |
Net investment gains (losses) | 58.3 | 411.5 | 254.6 | (12.9) |
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities | $ 0.7 | $ 1.6 | $ 19.8 | $ 2.5 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Change in fair value of derivatives. No definition available.
|
X | ||||||||||
- Definition
Gain loss on sale of available for sale securities. No definition available.
|
X | ||||||||||
- Definition
Gain loss on sale of equity securities. No definition available.
|
X | ||||||||||
- Definition
NonCreditPortion of other-than-temporary impairments included in other comprehensive incomeOffset No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Investments - Cash Flows from Consolidated Investing Activities by Security (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jul. 01, 2012
|
|
Gain (Loss) on Investments [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Proceeds from investments sold, matured or repaid | $ 7,396.3 | $ 4,386.3 |
Cost of investments acquired | (7,271.4) | (3,860.6) |
Available-for-sale Securities [Member]
|
||
Gain (Loss) on Investments [Line Items] | ||
Proceeds from investments sold, matured or repaid | 7,052.1 | 4,208.6 |
Cost of investments acquired | (7,148.7) | (3,697.0) |
Held-to-maturity Securities [Member]
|
||
Gain (Loss) on Investments [Line Items] | ||
Proceeds from investments sold, matured or repaid | 75.7 | |
Cost of investments acquired | (34.7) | |
Trading (acquired for holding) [Member]
|
||
Gain (Loss) on Investments [Line Items] | ||
Proceeds from investments sold, matured or repaid | 91.8 | 12.0 |
Cost of investments acquired | (10.2) | (22.9) |
Derivative and other [Member]
|
||
Gain (Loss) on Investments [Line Items] | ||
Proceeds from investments sold, matured or repaid | 252.4 | 90.0 |
Cost of investments acquired | $ (112.5) | $ (106.0) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Derivative Financial Instruments - Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
|
Derivatives, Fair Value [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Total asset derivatives | $ 227.4 | $ 200.7 |
Call options [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 227.4 | 200.7 |
Derivatives designated as hedging instruments [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 5.8 | 3.2 |
Total liability derivatives | 1.4 | 3.1 |
Derivatives designated as hedging instruments [Member] | Commodity swap and option agreements [Member] | Receivables, net [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 0 | 1.0 |
Derivatives designated as hedging instruments [Member] | Commodity swap and option agreements [Member] | Other assets [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 0 | 1.0 |
Derivatives designated as hedging instruments [Member] | Foreign exchange forward agreements [Member] | Receivables, net [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 5.2 | 1.2 |
Derivatives designated as hedging instruments [Member] | Foreign exchange forward agreements [Member] | Accounts payable and other current liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 0.1 | 3.1 |
Derivatives designated as hedging instruments [Member] | Foreign exchange contracts [Member] | Other assets [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 0.6 | 0 |
Derivatives designated as hedging instruments [Member] | Commodity contracts [Member] | Accounts payable and other current liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 1.2 | 0 |
Derivatives designated as hedging instruments [Member] | Commodity contracts [Member] | Other liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 0.1 | 0 |
Derivatives Not Designated as Hedging Instrument [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 237.6 | 203.9 |
Total liability derivatives | 1,740.6 | 1,793.7 |
Derivatives Not Designated as Hedging Instrument [Member] | Equity conversion feature of preferred stock [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 147.3 | 232.0 |
Derivatives Not Designated as Hedging Instrument [Member] | Foreign exchange forward agreements [Member] | Accounts payable and other current liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 1.1 | 2.9 |
Derivatives Not Designated as Hedging Instrument [Member] | Foreign exchange forward agreements [Member] | Other liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 3.3 | 4.0 |
Derivatives Not Designated as Hedging Instrument [Member] | Foreign exchange contracts [Member] | Receivables, net [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 0 | 0 |
Derivatives Not Designated as Hedging Instrument [Member] | Commodity contracts [Member] | Receivables, net [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 0 | |
Derivatives Not Designated as Hedging Instrument [Member] | Commodity contracts [Member] | Derivatives [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 4.4 | |
Derivatives Not Designated as Hedging Instrument [Member] | Commodity contracts [Member] | Accounts payable and other current liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 0.2 | |
Derivatives Not Designated as Hedging Instrument [Member] | Commodity contracts [Member] | Other liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 1.0 | 0 |
Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member] | Derivatives [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 227.4 | 200.7 |
Derivatives Not Designated as Hedging Instrument [Member] | FIA embedded derivatives [Member] | Contractholder funds [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | 1,585.9 | 1,550.8 |
Derivatives Not Designated as Hedging Instrument [Member] | Futures contracts [Member] | Derivatives [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total asset derivatives | 0 | 0 |
Derivatives Not Designated as Hedging Instrument [Member] | Futures contracts [Member] | Other liabilities [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Total liability derivatives | $ 0.4 | $ 0.9 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Derivative Financial Instruments - Pretax Impact of Derivative Instruments Designated as Cash Flow Hedges on the Accompanying Condensed Consolidated Statements of Operations, and Within AOCI (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Document Period End Date | Jun. 30, 2013 | |||
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | $ 3.2 | $ 4.6 | $ 0.3 | $ 3.1 |
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | 0.6 | 0.1 | (3.2) | 0.3 |
Consumer products cost of goods sold [Member] | Commodity contracts [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | (1.0) | (3.4) | (2.0) | (2.4) |
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | (0.3) | (0.2) | (0.7) | (0.2) |
Consumer products cost of goods sold [Member] | Foreign exchange contracts [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | 4.0 | 7.2 | 2.4 | 5.9 |
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | 0.5 | (0.4) | (1.3) | 0.6 |
Interest expense [Member] | Interest rate contracts [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | 0 | |||
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | 0 | (0.9) | 0 | |
Net consumer products sales [Member] | Interest rate contracts [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | 0 | |||
Net consumer products sales [Member] | Foreign exchange contracts [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) | 0.2 | 0.8 | (0.1) | (0.4) |
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion) | $ 0.4 | $ 0.7 | $ (0.3) | $ (0.1) |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Derivative Financial Instruments - Summary of Gain (Loss) Recognized in Income on Derivatives (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Document Period End Date | Jun. 30, 2013 | |||
Gain (Loss) Recognized in Income on Derivatives | $ 136.2 | $ 172.2 | $ (119.4) | $ (158.1) |
Equity conversion feature of preferred stock [Member] | Gain from the change in the fair value of the equity conversion feature of preferred stock [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | 52.6 | 81.9 | (124.0) | (125.5) |
Commodity contracts [Member] | Other (expense) income, net [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | 9.6 | 0.8 | 0 | 0 |
Bronze Commodity Contract [Member] | Other (expense) income, net [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | (0.2) | 0 | 0 | |
Bronze Commodity Contract [Member] | Consumer products cost of goods sold [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | (0.2) | |||
Foreign exchange contracts [Member] | Other (expense) income, net [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | 0.5 | (1.8) | 11.7 | 7.9 |
Call options [Member] | Net investment gains [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | 16.5 | 114.1 | 48.7 | (44.6) |
Futures contracts [Member] | Net investment gains [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | 3.5 | 12.5 | 33.9 | (6.6) |
Available-for-sale embedded derivatives [Member] | Net Investment Income [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | 0 | 0.4 | 0.4 | |
FIA embedded derivatives [Member] | Benefits and other changes in policy reserves [Member]
|
||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Gain (Loss) Recognized in Income on Derivatives | $ 53.7 | $ (35.1) | $ (90.1) | $ 10.3 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Derivative Financial Instruments - Additional Information (Detail) (USD $)
|
3 Months Ended | 9 Months Ended | 15 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Sep. 30, 2012
|
Jun. 30, 2013
Futures contracts [Member]
Contract
|
Sep. 30, 2012
Futures contracts [Member]
Contract
|
Jun. 30, 2013
Commodity contracts [Member]
Other Income Expense [Member]
|
Jun. 30, 2013
Commodity contracts [Member]
Other Income Expense [Member]
|
Feb. 14, 2013
Swap [Member]
Natural Gas Commodity Contract [Member]
MMBTU
|
Jun. 30, 2013
Spectrum Brands [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Standby Letters of Credit [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Standby Letters of Credit [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Zinc Commodity Swap Contract [Member]
T
|
Jun. 30, 2013
Spectrum Brands [Member]
Interest rate swap agreements [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Silver Commodity Swap Contract [Member]
ozt
|
Jun. 30, 2013
Spectrum Brands [Member]
Bronze Commodity Contract [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Foreign exchange contracts [Member]
|
Jun. 30, 2013
Remainder of 2013 [Member]
Swap [Member]
Natural Gas Commodity Contract [Member]
|
Jun. 30, 2013
Remainder of 2013 [Member]
Swap [Member]
Oil Commodity Contract [Member]
|
Feb. 14, 2013
Remainder of 2013 [Member]
Swap [Member]
Oil Commodity Contract [Member]
MBbls
|
Jun. 30, 2013
2014 [Member]
Swap [Member]
Natural Gas Commodity Contract [Member]
|
Jun. 30, 2013
2014 [Member]
Swap [Member]
Oil Commodity Contract [Member]
|
|
Derivative Financial Instruments [Line Items] | ||||||||||||||||||||||||
Contract value | $ 20,400,000 | $ 0 | $ 5,600,000 | $ 228,400,000 | ||||||||||||||||||||
Derivative net loss/gain | (700,000) | 2,400,000 | ||||||||||||||||||||||
Derivative net loss/gain, net of tax benefit/expense | 100,000 | 1,500,000 | ||||||||||||||||||||||
Derivative net loss/gain, non-controlling interest | 400,000 | 1,700,000 | ||||||||||||||||||||||
Estimated amount of derivative net losses/gains to be reclassified from AOCI into earnings over the next twelve months | 600,000 | 100,000 | (3,200,000) | 300,000 | (600,000) | 2,200,000 | ||||||||||||||||||
Derivative, Notional Amount | 6,293,200,000 | 6,293,200,000 | 5,830,400,000 | 112,700,000 | 172,600,000 | |||||||||||||||||||
Weight of raw materials under derivative contract | 10 | 60 | ||||||||||||||||||||||
Non-cash change in fair value of derivative financial instruments | 11,500,000 | 2,100,000 | ||||||||||||||||||||||
Derivative, mitigating price volatility, natural gas covered | 13,365,300,000 | |||||||||||||||||||||||
Derivative, mitigating price volatility, oil covered | 408,000 | |||||||||||||||||||||||
Derivative, Average Forward Price | 95.12 | 3.64 | 89.97 | 3.91 | ||||||||||||||||||||
Percentage of production volume covered by derivative financial instruments | 76.80% | 69.70% | ||||||||||||||||||||||
Credit reserve on its derivative assets | 100,000 | |||||||||||||||||||||||
Cash collateral | 4,300,000 | 9,800,000 | 500,000 | 100,000 | ||||||||||||||||||||
Standby letters of credit | 0 | 0 | ||||||||||||||||||||||
Call options purchased to match the funding requirements | Call options are one, two and three year options | |||||||||||||||||||||||
FGL purchases call options to fund the next index credit | One, two or three year call options to fund the next index credit | |||||||||||||||||||||||
Maximum amount of loss due to credit risk | $ 227,400,000 | $ 227,400,000 | $ 200,700,000 | |||||||||||||||||||||
Futures contracts | 1,244 | 2,835 |
X | ||||||||||
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument before tax. No definition available.
|
X | ||||||||||
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument before tax portion attributable to noncontrolling. No definition available.
|
X | ||||||||||
- Definition
Accumulated other comprehensive income loss cumulative gain loss from derivative instrument tax. No definition available.
|
X | ||||||||||
- Definition
Call options purchased to fund the next index credit. No definition available.
|
X | ||||||||||
- Definition
Call options purchased to match the funding requirements. No definition available.
|
X | ||||||||||
- Definition
Derivative Contracts Market Value No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Derivative, Mitigating Price Volatility, Volume Covered No definition available.
|
X | ||||||||||
- Definition
Derivative, Mitigating Price Volatility, Volume Energy Covered No definition available.
|
X | ||||||||||
- Definition
Derivative, Percentage of Production Volume Covered by Derivative Financial Instruments No definition available.
|
X | ||||||||||
- Definition
Weight of raw material under derivative contract. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Derivative Financial Instruments - FGL's Exposure to Credit Loss on Call Options Held (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
|
Derivatives, Fair Value [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Derivative, Notional Amount | $ 6,293.2 | $ 5,830.4 |
Fair Value | 227.4 | 200.7 |
Bank of America [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Credit Rating (Moody's/S&P) | Baa2/A- | |
Derivative, Notional Amount | 2,098.4 | 1,884.0 |
Deutsche Bank [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Credit Rating (Moody's/S&P) | Baa1/A- | |
Derivative, Notional Amount | 2,024.7 | 1,634.7 |
Morgan Stanley [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Credit Rating (Moody's/S&P) | A2/A+ | |
Derivative, Notional Amount | 1,564.0 | 1,816.5 |
Royal Bank of Scotland [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Credit Rating (Moody's/S&P) | Baa1/A- | |
Derivative, Notional Amount | 479.0 | 353.9 |
Barclay's Bank [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Credit Rating (Moody's/S&P) | A2/A+ | |
Derivative, Notional Amount | 127.1 | 131.3 |
Credit Suisse [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Credit Rating (Moody's/S&P) | A2/A | |
Derivative, Notional Amount | 0 | 10.0 |
Call options [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 227.4 | 200.7 |
Derivatives Not Designated as Hedging Instrument [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 237.6 | 203.9 |
Derivatives [Member] | Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 227.4 | 200.7 |
Derivatives [Member] | Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member] | Bank of America [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 76.4 | 64.1 |
Derivatives [Member] | Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member] | Deutsche Bank [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 64.5 | 51.6 |
Derivatives [Member] | Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member] | Morgan Stanley [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 57.4 | 61.7 |
Derivatives [Member] | Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member] | Royal Bank of Scotland [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 24.6 | 19.6 |
Derivatives [Member] | Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member] | Barclay's Bank [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | 4.5 | 3.1 |
Derivatives [Member] | Derivatives Not Designated as Hedging Instrument [Member] | Call options [Member] | Credit Suisse [Member]
|
||
Derivatives, Fair Value [Line Items] | ||
Fair Value | $ 0 | $ 0.6 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Derivative instrument credit rating. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Derivative Financial Instruments - Summary of Gain (Loss) Recognized in Income on Oil and Gas Commodity Contracts on (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | 3 Months Ended | 9 Months Ended | 15 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Jun. 30, 2013
Commodity contracts [Member]
Other Income Expense [Member]
|
Jun. 30, 2013
Commodity contracts [Member]
Other Income Expense [Member]
|
Jul. 01, 2012
Commodity contracts [Member]
Other Income Expense [Member]
|
Jul. 01, 2013
Commodity contracts [Member]
Other Income Expense [Member]
|
Feb. 14, 2013
Swap [Member]
Natural Gas Commodity Contract [Member]
MMBTU
|
Jun. 30, 2013
Remainder of 2013 [Member]
Swap [Member]
Natural Gas Commodity Contract [Member]
|
Jun. 30, 2013
Remainder of 2013 [Member]
Swap [Member]
Oil Commodity Contract [Member]
|
Feb. 14, 2013
Remainder of 2013 [Member]
Swap [Member]
Oil Commodity Contract [Member]
MBbls
|
Jun. 30, 2013
2014 [Member]
Swap [Member]
Natural Gas Commodity Contract [Member]
|
Jun. 30, 2013
2014 [Member]
Swap [Member]
Oil Commodity Contract [Member]
|
|
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||||||||
Document Period End Date | Jun. 30, 2013 | |||||||||||||
Derivative, Average Forward Price | 95.12 | 3.64 | 89.97 | 3.91 | ||||||||||
Derivative, mitigating price volatility, natural gas covered | 13,365,300,000 | |||||||||||||
Derivative, mitigating price volatility, oil covered | 408,000 | |||||||||||||
Cash settlements on derivative financial instruments | $ (1.9) | $ (1.3) | ||||||||||||
Non-cash change in fair value of derivative financial instruments | 11.5 | 2.1 | ||||||||||||
Gain on oil and natural gas commodity contracts | $ 136.2 | $ 172.2 | $ (119.4) | $ (158.1) | $ 9.6 | $ 0.8 | $ 0 | $ 0 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Derivative, Mitigating Price Volatility, Volume Covered No definition available.
|
X | ||||||||||
- Definition
Derivative, Mitigating Price Volatility, Volume Energy Covered No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Derivative Financial Instruments Derivative Financial Instruments - Oil and Gas Commodity Contracts (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
|
Derivative [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Percentage of production volume covered by derivative financial instruments | 76.80% | 69.70% |
Swap [Member]
|
||
Derivative [Line Items] | ||
June 30, 2013 | $ 3.5 | $ 3.5 |
Swap [Member] | Natural Gas Commodity Contract [Member]
|
||
Derivative [Line Items] | ||
Natural Gas, Volume | 21,158,000 | 21,158,000 |
June 30, 2013 | 3.2 | 3.2 |
Swap [Member] | Natural Gas Commodity Contract [Member] | Remainder of 2013 [Member]
|
||
Derivative [Line Items] | ||
Natural Gas, Volume | 10,281,000 | 10,281,000 |
Weighted average strike price per Mmbtu/Bbl | 3.72 | 3.72 |
June 30, 2013 | 0.8 | 0.8 |
Swap [Member] | Natural Gas Commodity Contract [Member] | 2014 [Member]
|
||
Derivative [Line Items] | ||
Natural Gas, Volume | 10,877,000 | 10,877,000 |
Weighted average strike price per Mmbtu/Bbl | 4.14 | 4.14 |
June 30, 2013 | 2.4 | 2.4 |
Swap [Member] | Oil Commodity Contract [Member]
|
||
Derivative [Line Items] | ||
June 30, 2013 | 0.3 | 0.3 |
Derivative, Commodity Contract, Oil Volume | 478,000 | 478,000 |
Swap [Member] | Oil Commodity Contract [Member] | Remainder of 2013 [Member]
|
||
Derivative [Line Items] | ||
Weighted average strike price per Mmbtu/Bbl | 94.05 | 94.05 |
June 30, 2013 | (0.2) | (0.2) |
Derivative, Commodity Contract, Oil Volume | 206,000 | 206,000 |
Swap [Member] | Oil Commodity Contract [Member] | 2014 [Member]
|
||
Derivative [Line Items] | ||
Weighted average strike price per Mmbtu/Bbl | 91.87 | 91.87 |
June 30, 2013 | $ 0.5 | $ 0.5 |
Derivative, Commodity Contract, Oil Volume | 272,000 | 272,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Derivative, Commodity Contract, Natural Gas Volume No definition available.
|
X | ||||||||||
- Definition
Derivative, Commodity Contract, Oil Volume No definition available.
|
X | ||||||||||
- Definition
Derivative, Percentage of Production Volume Covered by Derivative Financial Instruments No definition available.
|
X | ||||||||||
- Definition
Derivative, Swap Type, Average Strike Price No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Securitizations and Variable Interest Entities Schedule of Variable Interest Entities (Details) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
Sep. 30, 2012
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
Feb. 14, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
Jun. 30, 2013
Maximum [Member]
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
Feb. 14, 2013
Maximum [Member]
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
---|---|---|---|---|---|---|
Variable Interest Entity [Line Items] | ||||||
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement | $ 57.5 | $ 63.5 | ||||
Asset-backed loans | 430.2 | 180.1 | 175.5 | 225.0 | 250.0 | |
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable | 212.0 | |||||
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable, Portion Sellers Interest | $ 62.5 |
X | ||||||||||
- Definition
Financing Receivable Held For Investment No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable, Portion Sellers Interest No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Proportionaly Consolidated Equity Method Investments (Details) (HGI Energy Holdings, LLC [Member], EXCO/HGI Partnership and the General Partner [Member], USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended |
---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
|
HGI Energy Holdings, LLC [Member] | EXCO/HGI Partnership and the General Partner [Member]
|
||
Assets | ||
Total current assets | $ 54.2 | $ 54.2 |
Oil and natural gas properties, net | 825.4 | 825.4 |
Other assets | 35.6 | 35.6 |
Total assets | 915.2 | 915.2 |
Liabilities and members' equity | ||
Total current liabilities | 43.1 | 43.1 |
Total long-term liabilities | 402.4 | 402.4 |
Total members' equity | 469.7 | 469.7 |
Total liabilities and members' equity | 915.2 | 915.2 |
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract] | ||
Revenues | 50.7 | 73.1 |
Costs and Expenses | ||
Oil and natural gas direct operating costs | 24.2 | 36.0 |
Selling, acquisition, operating and general expenses | 19.7 | 29.2 |
Total costs and expenses | 43.9 | 65.2 |
Operating income | 6.8 | 7.9 |
Other expense | 10.4 | (2.7) |
Net loss | $ 17.2 | $ 5.2 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Costs and Expenses No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Oil and Natural Gas Properties No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Operating Income (Loss) No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Other Assets No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Other Income (Expense) No definition available.
|
X | ||||||||||
- Definition
Equity Method Investment, Summarized Financial Information, Selling, Acquisition, Operating and General Expenses No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value of Financial Instruments - Assets and Liabilities Carrying at Fair Value on Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
Jan. 01, 2012
|
Sep. 30, 2011
|
|||||||
Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items] | ||||||||||
Document Period End Date | Jun. 30, 2013 | |||||||||
Assets | ||||||||||
Cash and cash equivalents | $ 1,243.7 | $ 1,470.7 | $ 1,832.8 | $ 1,137.4 | ||||||
Derivatives, Assets | ||||||||||
Derivatives | 227.4 | 200.7 | ||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Asset-backed loans | 430.2 | 180.1 | ||||||||
Derivatives, Liabilities | ||||||||||
Equity conversion feature of preferred stock | 147.3 | 232.0 | ||||||||
Recurring [Member] | Fair Value [Member]
|
||||||||||
Assets | ||||||||||
Cash and cash equivalents | 1,243.7 | [1],[2] | 1,470.7 | [1],[2] | ||||||
Contingent purchase price reduction receivable | 41.0 | [2] | 41.0 | [2] | ||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Asset-backed loans | 430.2 | [2] | 180.1 | [2] | ||||||
Total financial assets | 17,895.4 | [2] | 18,433.3 | [2] | ||||||
Liabilities | ||||||||||
Total debt | 4,574.3 | [2] | 2,328.8 | [1],[2] | ||||||
Derivatives, Liabilities | ||||||||||
Equity conversion feature of preferred stock | 147.3 | [2] | 232.0 | [2] | ||||||
Redeemable preferred stock, excluding equity conversion feature | 368.9 | [2] | 368.9 | [2] | ||||||
Investment contracts, included in contractholder funds | 12,354.5 | [2] | 12,271.9 | [2] | ||||||
Total financial liabilities | 19,038.3 | [2] | 16,763.3 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | U.S. Government securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 394.0 | [2] | 930.4 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Foreign exchange forward agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 5.8 | [2] | 1.2 | [2] | ||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 4.5 | [2] | 10.0 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Commodity swap and option agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 4.4 | [2] | 2.0 | [2] | ||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 2.5 | [2] | [2] | |||||||
Recurring [Member] | Fair Value [Member] | Call options [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 227.4 | [2] | 200.7 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Available-for-sale embedded derivatives [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - available-for-sale | 269.8 | [2] | 248.1 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 1,585.9 | [2] | 1,550.8 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Future contracts [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 0.4 | [2] | 0.9 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Asset-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,437.5 | [2] | 1,027.9 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Commercial mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 523.9 | [2] | 553.8 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Corporates [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 10,212.8 | [2] | 11,009.0 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Hybrids [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 508.3 | [2] | 528.2 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Municipals [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,036.9 | [2] | 1,224.0 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 111.0 | [2] | 155.0 | [2] | ||||||
Recurring [Member] | Fair Value [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,353.9 | [2] | 660.6 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member]
|
||||||||||
Assets | ||||||||||
Cash and cash equivalents | 1,243.7 | [1],[2] | 1,470.7 | [1],[2] | ||||||
Contingent purchase price reduction receivable | 41.0 | [2] | 41.0 | [2] | ||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Asset-backed loans | 430.2 | [2] | 180.1 | [2] | ||||||
Total financial assets | 17,895.4 | [2] | 18,433.3 | [2] | ||||||
Liabilities | ||||||||||
Total debt | 4,554.3 | [2] | 2,167.0 | [1],[2] | ||||||
Derivatives, Liabilities | ||||||||||
Equity conversion feature of preferred stock | 147.3 | [2] | 232.0 | [2] | ||||||
Redeemable preferred stock, excluding equity conversion feature | 325.4 | [2] | 319.2 | [2] | ||||||
Investment contracts, included in contractholder funds | 13,756.7 | [2] | 13,739.6 | [2] | ||||||
Total financial liabilities | 20,377.0 | [2] | 18,019.5 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | U.S. Government securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 394.0 | [2] | 930.4 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Foreign exchange forward agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 5.8 | [2] | 1.2 | [2] | ||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 4.5 | [2] | 10.0 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Commodity swap and option agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 4.4 | [2] | 2.0 | [2] | ||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 2.5 | [2] | [2] | |||||||
Recurring [Member] | Carrying Amount [Member] | Call options [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 227.4 | [2] | 200.7 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Available-for-sale embedded derivatives [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - available-for-sale | 269.8 | [2] | 248.1 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 1,585.9 | [2] | 1,550.8 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Future contracts [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 0.4 | [2] | 0.9 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Asset-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,437.5 | [2] | 1,027.9 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Commercial mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 523.9 | [2] | 553.8 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Corporates [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 10,212.8 | [2] | 11,009.0 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Hybrids [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 508.3 | [2] | 528.2 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Municipals [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,036.9 | [2] | 1,224.0 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 111.0 | [2] | 155.0 | [2] | ||||||
Recurring [Member] | Carrying Amount [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,353.9 | [2] | 660.6 | [2] | ||||||
Recurring [Member] | Equity securities [Member] | Fair Value [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - trading | 67.2 | [2] | 146.8 | [2] | ||||||
Recurring [Member] | Equity securities [Member] | Carrying Amount [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - trading | 67.2 | [2] | 146.8 | [2] | ||||||
Recurring [Member] | Fixed maturities securities [Member] | Fair Value [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
U.S. Treasuries and certificate of deposit, held-to-maturity | 35.0 | [2] | ||||||||
Recurring [Member] | Fixed maturities securities [Member] | Carrying Amount [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
U.S. Treasuries and certificate of deposit, held-to-maturity | 35.0 | [2] | ||||||||
Recurring [Member] | Policy loans [Member] | Fair Value [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Policy loans and other invested assets | 27.6 | [2] | 18.8 | [2] | ||||||
Recurring [Member] | Policy loans [Member] | Carrying Amount [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Policy loans and other invested assets | 27.6 | [2] | 18.8 | [2] | ||||||
Recurring [Member] | Level 1 [Member]
|
||||||||||
Assets | ||||||||||
Cash and cash equivalents | 1,243.7 | [1],[2] | 1,468.4 | [1],[2] | ||||||
Contingent purchase price reduction receivable | [2] | [2] | ||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Asset-backed loans | [2] | [2] | ||||||||
Total financial assets | 1,494.5 | [2] | 2,545.6 | [2] | ||||||
Liabilities | ||||||||||
Total debt | [2] | 524.0 | [1],[2] | |||||||
Derivatives, Liabilities | ||||||||||
Equity conversion feature of preferred stock | [2] | [2] | ||||||||
Redeemable preferred stock, excluding equity conversion feature | [2] | [2] | ||||||||
Investment contracts, included in contractholder funds | [2] | [2] | ||||||||
Total financial liabilities | [2] | 524.0 | [2] | |||||||
Recurring [Member] | Level 1 [Member] | U.S. Government securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 183.6 | [2] | 930.4 | [2] | ||||||
Recurring [Member] | Level 1 [Member] | Foreign exchange forward agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | [2] | [2] | ||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Commodity swap and option agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | [2] | [2] | ||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Call options [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Available-for-sale embedded derivatives [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Future contracts [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Asset-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Commercial mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Corporates [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Hybrids [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Municipals [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 1 [Member] | Equity securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - trading | 67.2 | [2] | 146.8 | [2] | ||||||
Recurring [Member] | Level 1 [Member] | Fixed maturities securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
U.S. Treasuries and certificate of deposit, held-to-maturity | [2] | |||||||||
Recurring [Member] | Level 1 [Member] | Policy loans [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Policy loans and other invested assets | [2] | [2] | ||||||||
Recurring [Member] | Level 2 [Member]
|
||||||||||
Assets | ||||||||||
Cash and cash equivalents | [1],[2] | 2.3 | [1],[2] | |||||||
Contingent purchase price reduction receivable | [2] | [2] | ||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Asset-backed loans | [2] | [2] | ||||||||
Total financial assets | 15,440.4 | [2] | 15,482.8 | [2] | ||||||
Liabilities | ||||||||||
Total debt | 4,574.3 | [2] | 1,804.8 | [1],[2] | ||||||
Derivatives, Liabilities | ||||||||||
Equity conversion feature of preferred stock | [2] | [2] | ||||||||
Redeemable preferred stock, excluding equity conversion feature | [2] | [2] | ||||||||
Investment contracts, included in contractholder funds | [2] | [2] | ||||||||
Total financial liabilities | 4,581.7 | [2] | 1,815.7 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | U.S. Government securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 210.4 | [2] | [2] | |||||||
Recurring [Member] | Level 2 [Member] | Foreign exchange forward agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 5.8 | [2] | 1.2 | [2] | ||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 4.5 | [2] | 10.0 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Commodity swap and option agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 4.4 | [2] | 2.0 | [2] | ||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 2.5 | [2] | [2] | |||||||
Recurring [Member] | Level 2 [Member] | Call options [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | 227.4 | [2] | 200.7 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Available-for-sale embedded derivatives [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - available-for-sale | 258.1 | [2] | 248.1 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 2 [Member] | Future contracts [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 0.4 | [2] | 0.9 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Asset-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,432.4 | [2] | 1,012.0 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Commercial mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 518.0 | [2] | 548.8 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Corporates [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 9,773.8 | [2] | 10,873.7 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Hybrids [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 508.3 | [2] | 519.4 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Municipals [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,036.9 | [2] | 1,224.0 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 111.0 | [2] | 155.0 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 1,353.9 | [2] | 660.6 | [2] | ||||||
Recurring [Member] | Level 2 [Member] | Equity securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - trading | [2] | [2] | ||||||||
Recurring [Member] | Level 2 [Member] | Fixed maturities securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
U.S. Treasuries and certificate of deposit, held-to-maturity | 35.0 | [2] | ||||||||
Recurring [Member] | Level 2 [Member] | Policy loans [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Policy loans and other invested assets | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member]
|
||||||||||
Assets | ||||||||||
Cash and cash equivalents | [1],[2] | [1],[2] | ||||||||
Contingent purchase price reduction receivable | 41.0 | [2] | 41.0 | [2] | ||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Asset-backed loans | 430.2 | [2] | 180.1 | [2] | ||||||
Total financial assets | 960.5 | [2] | 404.9 | [2] | ||||||
Liabilities | ||||||||||
Total debt | [2] | [1],[2] | ||||||||
Derivatives, Liabilities | ||||||||||
Equity conversion feature of preferred stock | 147.3 | [2] | 232.0 | [2] | ||||||
Redeemable preferred stock, excluding equity conversion feature | 368.9 | [2] | 368.9 | [2] | ||||||
Investment contracts, included in contractholder funds | 12,354.5 | [2] | 12,271.9 | [2] | ||||||
Total financial liabilities | 14,456.6 | [2] | 14,423.6 | [2] | ||||||
Recurring [Member] | Level 3 [Member] | U.S. Government securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Foreign exchange forward agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | [2] | [2] | ||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Commodity swap and option agreements [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | [2] | [2] | ||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Call options [Member]
|
||||||||||
Derivatives, Assets | ||||||||||
Derivatives | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Available-for-sale embedded derivatives [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - available-for-sale | 11.7 | [2] | [2] | |||||||
Recurring [Member] | Level 3 [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | 1,585.9 | [2] | 1,550.8 | [2] | ||||||
Recurring [Member] | Level 3 [Member] | Future contracts [Member]
|
||||||||||
Derivatives, Liabilities | ||||||||||
Derivative investments | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Asset-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 5.1 | [2] | 15.9 | [2] | ||||||
Recurring [Member] | Level 3 [Member] | Commercial mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 5.9 | [2] | 5.0 | [2] | ||||||
Recurring [Member] | Level 3 [Member] | Corporates [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 439.0 | [2] | 135.3 | [2] | ||||||
Recurring [Member] | Level 3 [Member] | Hybrids [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | 0 | [2] | 8.8 | [2] | ||||||
Recurring [Member] | Level 3 [Member] | Municipals [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Non-agency residential mortgage-backed securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Fixed maturity securities, available-for-sale | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Equity securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Equity securities - trading | [2] | [2] | ||||||||
Recurring [Member] | Level 3 [Member] | Fixed maturities securities [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
U.S. Treasuries and certificate of deposit, held-to-maturity | [2] | |||||||||
Recurring [Member] | Level 3 [Member] | Policy loans [Member]
|
||||||||||
Fixed maturity securities, available-for-sale: | ||||||||||
Policy loans and other invested assets | $ 27.6 | [2] | $ 18.8 | [2] | ||||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Asset backed loans and other invested assets. No definition available.
|
X | ||||||||||
- Definition
Assets fair value disclosure and measurement. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Contingent purchase price reduction receivable. No definition available.
|
X | ||||||||||
- Definition
Represents the fair value of the bifurcated conversion option for the preferred stock. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Held to maturity securities current Fair value disclosure. No definition available.
|
X | ||||||||||
- Definition
Liabilities fair value disclosure and measurement. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value of Financial Instruments - Schedule of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
|
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Document Period End Date | Jun. 30, 2013 | |
Assets, Fair Value Disclosure | $ 502.7 | $ 206.0 |
Liabilities | ||
Liabilities, Fair Value Disclosure | 1,733.2 | 1,782.8 |
Asset-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 5.1 | 15.9 |
Commercial mortgage-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 5.9 | 5.0 |
Corporates [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 38.8 | 32.0 |
Hybrids [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 11.7 | 0 |
Broker-quoted [Member] | Asset-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Broker-quoted | |
Broker-quoted [Member] | Commercial mortgage-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Market Pricing | |
Broker-quoted [Member] | Corporates [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Broker-quoted | |
Broker-quoted [Member] | Hybrids [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Market Pricing | |
Market pricing [Member] | Corporates [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Broker-quoted | |
Assets, Fair Value Disclosure | 400.2 | 103.3 |
Market pricing [Member] | Hybrids [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Market Pricing | |
Assets, Fair Value Disclosure | 8.8 | |
Contingent purchase price reduction receivable [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Assets, Fair Value Disclosure | 41.0 | 41.0 |
Contingent purchase price reduction receivable [Member] | Discounted cash flow [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Discounted cash flow | |
FIA embedded derivatives, included in contractholder funds [Member]
|
||
Liabilities | ||
Liabilities, Fair Value Disclosure | 1,585.9 | 1,550.8 |
FIA embedded derivatives, included in contractholder funds [Member] | Discounted cash flow [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Discounted cash flow | |
Equity conversion feature of preferred stock [Member]
|
||
Liabilities | ||
Liabilities, Fair Value Disclosure | $ 147.3 | $ 232.0 |
Equity conversion feature of preferred stock [Member] | Monte Carlo simulation / Option model [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Valuation Technique | Monte Carlo simulation / Option model | |
Minimum [Member] | Asset-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Offered quotes | 100.00% | |
Minimum [Member] | Corporates [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Quoted prices | 0.00% | 0.00% |
Offered quotes | 88.00% | 88.00% |
Minimum [Member] | Hybrids [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Quoted prices | 0.00% | |
Minimum [Member] | Contingent purchase price reduction receivable [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of collection | 88.00% | 88.00% |
Minimum [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||
Liabilities | ||
Market value of option | 0.00% | 0.00% |
SWAP rates | 0.95% | 0.76% |
Surrender rates | 0.50% | 2.00% |
Non-performance spread | 0.25% | 0.25% |
Minimum [Member] | Equity conversion feature of preferred stock [Member]
|
||
Liabilities | ||
Annualized volatility of equity | 43.00% | 41.00% |
Discount yield | 11.00% | 12.00% |
Calibration adjustment | 12.00% | 10.00% |
Maximum [Member] | Asset-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Offered quotes | 109.00% | 110.00% |
Maximum [Member] | Commercial mortgage-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Offered quotes | 101.00% | |
Maximum [Member] | Corporates [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Quoted prices | 141.00% | 141.00% |
Offered quotes | 116.00% | 158.00% |
Maximum [Member] | Hybrids [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Quoted prices | 103.00% | |
Maximum [Member] | Contingent purchase price reduction receivable [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of collection | 96.00% | 96.00% |
Expected term | 9 months | 9 months |
Discount rate | 0.94% | 0.72% |
Credit insurance risk premium | 11.00% | 12.00% |
Maximum [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||
Liabilities | ||
Market value of option | 35.00% | 31.00% |
SWAP rates | 2.00% | 2.00% |
Mortality multiplier | 80.00% | 70.00% |
Surrender rates | 75.00% | 50.00% |
Non-performance spread | 0.25% | 0.25% |
Maximum [Member] | Equity conversion feature of preferred stock [Member]
|
||
Liabilities | ||
Discount yield | 13.00% | |
Non-cash accretion rate | 0.00% | 0.00% |
Calibration adjustment | 14.00% | 13.00% |
Weighted average [Member] | Asset-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Offered quotes | 103.00% | |
Weighted average [Member] | Commercial mortgage-backed securities [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Offered quotes | 104.00% | |
Weighted average [Member] | Corporates [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Quoted prices | 91.00% | 69.00% |
Offered quotes | 123.00% | 98.00% |
Weighted average [Member] | Hybrids [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Quoted prices | 25.00% | |
Offered quotes | 100.00% | |
Weighted average [Member] | Contingent purchase price reduction receivable [Member]
|
||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Probability of collection | 92.00% | 92.00% |
Weighted average [Member] | FIA embedded derivatives, included in contractholder funds [Member]
|
||
Liabilities | ||
Market value of option | 4.00% | 4.00% |
SWAP rates | 1.50% | 1.00% |
Surrender rates | 7.00% | 7.00% |
Non-performance spread | 0.25% | 0.25% |
Weighted average [Member] | Equity conversion feature of preferred stock [Member]
|
||
Liabilities | ||
Discount yield | 12.00% | |
Calibration adjustment | 13.00% | 11.00% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Fair value inputs market value of option. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements annualized volatility of equity. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements calibration adjustment. No definition available.
|
X | ||||||||||
- Definition
Credit insurance risk premium. No definition available.
|
X | ||||||||||
- Definition
Discount yield. No definition available.
|
X | ||||||||||
- Definition
Mortality multiplier. No definition available.
|
X | ||||||||||
- Definition
Non-cash accretion rate. No definition available.
|
X | ||||||||||
- Definition
Non-performance spread. No definition available.
|
X | ||||||||||
- Definition
Offered quotes. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements probability of collection. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements quoted prices. No definition available.
|
X | ||||||||||
- Definition
Surrender rates. No definition available.
|
X | ||||||||||
- Definition
Fair value measurements swap rates. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Fair Value of Financial Instruments - Additional Information (Detail) (USD $)
|
9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 31, 2012
|
Jun. 30, 2013
Asset-backed and Hybrid Securities [Member]
|
Jun. 30, 2013
Corporate and Non-Agency Residential Mortgage-Backed Securities [Member]
|
Jun. 30, 2013
Corporate and Non-Agency Residential Mortgage-Backed Securities [Member]
|
||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||
Percentage of male contractholder | 50.00% | ||||||||
Percentage of female contractholder | 50.00% | ||||||||
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | $ 0 | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 | 53,000,000 | (13,600,000) | (15,800,000) | ||||||
Transfers, assets, level 2 to 1 | 0 | 0 | |||||||
Transfers, liabilities, level 1 to 2 | 0 | 0 | |||||||
Transfers, liabilities, level 2 to 1 | 0 | 0 | |||||||
Net transfer level 3 | $ 0 | $ 30,900,000 | [1] | ||||||
|
X | ||||||||||
- Definition
Percentage of female contract holder. No definition available.
|
X | ||||||||||
- Definition
Percentage of male contract holder. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Fair Value of Financial Instruments - Changes in Fair Value of Financial Instruments (Detail) (USD $)
|
3 Months Ended | 9 Months Ended | 15 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Dec. 30, 2012
|
Jul. 31, 2012
|
Jan. 01, 2012
|
|||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||||||||
Document Period End Date | Jun. 30, 2013 | ||||||||||||||
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | $ 0 | ||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 206,000,000 | 546,500,000 | 419,000,000 | 1,011,800,000 | 684,100,000 | ||||||||||
Total Gains (Losses) Included in Earnings | (300,000) | 41,100,000 | 100,000 | ||||||||||||
Total Gains (Losses) Included in AOCI | (10,800,000) | (9,600,000) | 1,200,000 | (2,500,000) | |||||||||||
Purchases | 106,300,000 | 394,700,000 | 496,700,000 | 352,800,000 | |||||||||||
Sales | (9,600,000) | (24,900,000) | (8,200,000) | ||||||||||||
Settlements | (11,800,000) | (25,500,000) | (77,400,000) | (44,800,000) | |||||||||||
Net transfer In (Out) of Level 3 (a) | [1] | (53,000,000) | [1] | 28,600,000 | [2] | 30,300,000 | [2] | ||||||||
Balance at End of Period | 502,700,000 | 502,700,000 | 419,000,000 | 1,011,800,000 | 684,100,000 | ||||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 1,782,800,000 | 1,472,100,000 | 1,842,300,000 | 1,685,800,000 | 1,571,000,000 | ||||||||||
Total Gains (Losses) Included in Earnings | (106,300,000) | (46,800,000) | 213,700,000 | 114,800,000 | |||||||||||
Total Gains (Losses) Included in AOCI | |||||||||||||||
Purchases | |||||||||||||||
Sales | |||||||||||||||
Settlements | (2,800,000) | (2,800,000) | |||||||||||||
Net transfer In (Out) of Level 3 | [1] | [1] | [2] | [2] | |||||||||||
Balance at End of Period | 1,733,200,000 | 1,733,200,000 | 1,842,300,000 | 1,685,800,000 | 1,571,000,000 | ||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 | 0 | 30,900,000 | [2] | ||||||||||||
FIA embedded derivatives, included in contractholder funds [Member]
|
|||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 1,550,800,000 | 1,396,300,000 | 1,639,600,000 | 1,486,400,000 | 1,496,700,000 | ||||||||||
Total Gains (Losses) Included in Earnings | (53,700,000) | 35,100,000 | 90,100,000 | (10,300,000) | |||||||||||
Total Gains (Losses) Included in AOCI | |||||||||||||||
Purchases | |||||||||||||||
Sales | |||||||||||||||
Settlements | |||||||||||||||
Net transfer In (Out) of Level 3 | [1] | [1] | [2] | [2] | |||||||||||
Balance at End of Period | 1,585,900,000 | 1,585,900,000 | 1,639,600,000 | 1,486,400,000 | 1,496,700,000 | ||||||||||
Equity conversion feature of preferred stock [Member]
|
|||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 232,000,000 | 75,400,000 | 202,700,000 | 199,400,000 | 73,900,000 | ||||||||||
Total Gains (Losses) Included in Earnings | (52,600,000) | (81,900,000) | 124,000,000 | 125,500,000 | |||||||||||
Total Gains (Losses) Included in AOCI | |||||||||||||||
Purchases | |||||||||||||||
Sales | |||||||||||||||
Settlements | (2,800,000) | (2,800,000) | |||||||||||||
Net transfer In (Out) of Level 3 | [1] | [1] | [2] | [2] | |||||||||||
Balance at End of Period | 147,300,000 | 147,300,000 | 202,700,000 | 199,400,000 | 73,900,000 | ||||||||||
Available-for-sale embedded derivatives [Member]
|
|||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 400,000 | 400,000 | |||||||||||||
Total Gains (Losses) Included in Earnings | (400,000) | (400,000) | |||||||||||||
Total Gains (Losses) Included in AOCI | |||||||||||||||
Purchases | |||||||||||||||
Sales | |||||||||||||||
Settlements | |||||||||||||||
Net transfer In (Out) of Level 3 | [2] | [2] | |||||||||||||
Balance at End of Period | 400,000 | ||||||||||||||
US Treasury and Government [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||||||||
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount | 79,300,000 | 79,300,000 | |||||||||||||
Asset-backed and Hybrid Securities [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 | 53,000,000 | ||||||||||||||
Commercial mortgage-backed securities [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 5,000,000 | 6,200,000 | |||||||||||||
Total Gains (Losses) Included in Earnings | |||||||||||||||
Total Gains (Losses) Included in AOCI | (300,000) | (100,000) | |||||||||||||
Purchases | 1,000,000 | ||||||||||||||
Sales | |||||||||||||||
Settlements | 0 | ||||||||||||||
Net transfer In (Out) of Level 3 (a) | [1] | [1] | |||||||||||||
Balance at End of Period | 5,900,000 | 5,900,000 | 6,200,000 | ||||||||||||
Corporates [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 135,300,000 | 159,700,000 | 356,500,000 | 205,800,000 | 120,100,000 | ||||||||||
Total Gains (Losses) Included in Earnings | (300,000) | 200,000 | 200,000 | ||||||||||||
Total Gains (Losses) Included in AOCI | (12,000,000) | (10,800,000) | (5,900,000) | (3,600,000) | |||||||||||
Purchases | 106,200,000 | 383,600,000 | 91,600,000 | 90,300,000 | |||||||||||
Sales | (9,600,000) | (24,400,000) | (7,700,000) | ||||||||||||
Settlements | (11,700,000) | (25,400,000) | (45,300,000) | (33,700,000) | |||||||||||
Net transfer In (Out) of Level 3 (a) | [1] | (33,800,000) | [1] | 29,900,000 | [2] | 40,200,000 | [2] | ||||||||
Balance at End of Period | 439,000,000 | 439,000,000 | 356,500,000 | 205,800,000 | 120,100,000 | ||||||||||
Hybrids [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 8,800,000 | 5,200,000 | 5,200,000 | 5,100,000 | |||||||||||
Total Gains (Losses) Included in Earnings | |||||||||||||||
Total Gains (Losses) Included in AOCI | (100,000) | 100,000 | |||||||||||||
Purchases | |||||||||||||||
Sales | |||||||||||||||
Settlements | |||||||||||||||
Net transfer In (Out) of Level 3 (a) | (8,700,000) | [1] | [2] | [2] | |||||||||||
Balance at End of Period | 5,200,000 | 5,100,000 | |||||||||||||
Municipals [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 100,000 | 10,400,000 | |||||||||||||
Total Gains (Losses) Included in Earnings | |||||||||||||||
Total Gains (Losses) Included in AOCI | 100,000 | ||||||||||||||
Purchases | 10,200,000 | ||||||||||||||
Sales | |||||||||||||||
Settlements | |||||||||||||||
Net transfer In (Out) of Level 3 (a) | (10,200,000) | [2] | (10,300,000) | [2] | |||||||||||
Balance at End of Period | 100,000 | 10,400,000 | |||||||||||||
Agency residential mortgage-backed securities [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 3,300,000 | 3,300,000 | |||||||||||||
Total Gains (Losses) Included in Earnings | |||||||||||||||
Total Gains (Losses) Included in AOCI | |||||||||||||||
Purchases | |||||||||||||||
Sales | |||||||||||||||
Settlements | |||||||||||||||
Net transfer In (Out) of Level 3 (a) | (3,300,000) | [2] | (3,300,000) | [2] | |||||||||||
Balance at End of Period | 3,300,000 | ||||||||||||||
Non-agency residential mortgage-backed securities [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 3,800,000 | 600,000 | 1,200,000 | ||||||||||||
Total Gains (Losses) Included in Earnings | (100,000) | (100,000) | |||||||||||||
Total Gains (Losses) Included in AOCI | 100,000 | ||||||||||||||
Purchases | |||||||||||||||
Sales | (500,000) | (500,000) | |||||||||||||
Settlements | (300,000) | (100,000) | |||||||||||||
Net transfer In (Out) of Level 3 (a) | (2,300,000) | [2] | [2] | ||||||||||||
Balance at End of Period | 600,000 | 1,200,000 | |||||||||||||
Equity securities available-for-sale [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 0 | 10,000,000 | |||||||||||||
Total Gains (Losses) Included in Earnings | 0 | 0 | |||||||||||||
Total Gains (Losses) Included in AOCI | 1,600,000 | 1,600,000 | |||||||||||||
Purchases | 100,000 | 10,100,000 | |||||||||||||
Sales | 0 | 0 | |||||||||||||
Settlements | 0 | 0 | |||||||||||||
Net transfer In (Out) of Level 3 (a) | 0 | 0 | |||||||||||||
Balance at End of Period | 11,700,000 | 11,700,000 | 10,000,000 | ||||||||||||
Corporate and Non-Agency Residential Mortgage-Backed Securities [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |||||||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3 | (13,600,000) | (15,800,000) | |||||||||||||
Contingent purchase price reduction receivable [Member]
|
|||||||||||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Balance at Beginning of Period | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | |||||||||||
Total Gains (Losses) Included in Earnings | 41,000,000 | ||||||||||||||
Total Gains (Losses) Included in AOCI | |||||||||||||||
Purchases | |||||||||||||||
Sales | |||||||||||||||
Settlements | |||||||||||||||
Net transfer In (Out) of Level 3 (a) | [1] | [1] | [2] | [2] | |||||||||||
Balance at End of Period | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | 41,000,000 | ||||||||||
Asset-backed securities [Member]
|
|||||||||||||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | |||||||||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 | $ 44,400,000 | [2] | $ 43,900,000 | [2] | |||||||||||
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Goodwill and Intangibles, including DAC and VOBA - Summary of Changes in Carrying Amounts of Goodwill and Intangible Assets Including FGL's DAC and VOBA Balances (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Intangible Assets, Including Goodwill [Roll Forward] | ||||
Beginning Balance, Goodwill | $ 694.2 | |||
Beginning Balance, Indefinite Lived Intangible Assets | 841.1 | |||
Beginning Balance, Finite Lived Intangible Assets | 873.9 | |||
Beginning Balance, Intangible Assets, Excluding Goodwill | 1,988.5 | |||
Acquisitions (Note 3), Goodwill | 787.7 | |||
Acquisitions (Note 3), Indefinite Lived Intangible Assets | 330.0 | |||
Acquisitions (Note 13) | 520.6 | |||
Deferrals | 109.2 | |||
Less: Components of amortization: | ||||
Amortization of intangibles | 85.0 | 220.6 | 158.5 | 43.0 |
Adjustment for unrealized investment (gains), net, Goodwill | 260.9 | |||
Effect of translation, Goodwill | (11.7) | |||
Effect of translation, Indefinite Lived intangible assets | (4.2) | |||
Effect of translation, Intangible Assets Excluding Goodwill | (8.7) | |||
Ending Balance, Goodwill | 1,470.2 | 1,470.2 | ||
Ending Balance, Indefinite Lived Intangible Assets | 1,166.9 | 1,166.9 | ||
Ending Balance, Finite Lived Intangible Assets | 1,002.5 | 1,002.5 | ||
Ending Balance, Intangible Assets, Excluding Goodwill | 2,649.9 | 2,649.9 | ||
Unlocking [Member]
|
||||
Less: Components of amortization: | ||||
Goodwill Amortization | ||||
Indefinite Lived Intangible Assets, Amortization | ||||
Amortization of intangibles | (27.4) | |||
Reclassifications [Member]
|
||||
Less: Components of amortization: | ||||
Goodwill Amortization | ||||
Indefinite Lived Intangible Assets, Amortization | ||||
Amortization of intangibles | ||||
Interest [Member]
|
||||
Less: Components of amortization: | ||||
Goodwill Amortization | ||||
Indefinite Lived Intangible Assets, Amortization | ||||
Amortization of intangibles | (23.3) | |||
Periodic amortization [Member]
|
||||
Less: Components of amortization: | ||||
Goodwill Amortization | ||||
Indefinite Lived Intangible Assets, Amortization | ||||
Amortization of intangibles | 271.3 | |||
Definite Lived Intangible Assets [Member]
|
||||
Intangible Assets, Including Goodwill [Roll Forward] | ||||
Beginning Balance, Finite Lived Intangible Assets | 873.9 | |||
Acquisitions (Note 3), Finite-Lived Intangible Assets | 190.6 | |||
Deferrals | ||||
Less: Components of amortization: | ||||
Amortization of intangibles | 20.3 | 57.5 | 46.5 | 16.1 |
Adjustment for unrealized investment (gains), net, Goodwill | ||||
Effect of translation, Finite Lived intangible assets | (4.5) | |||
Ending Balance, Finite Lived Intangible Assets | 1,002.5 | 1,002.5 | ||
Definite Lived Intangible Assets [Member] | Unlocking [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | ||||
Definite Lived Intangible Assets [Member] | Reclassifications [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | ||||
Definite Lived Intangible Assets [Member] | Interest [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | ||||
Definite Lived Intangible Assets [Member] | Periodic amortization [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | 57.5 | |||
VOBA [Member]
|
||||
Intangible Assets, Including Goodwill [Roll Forward] | ||||
Beginning Balance, Finite Lived Intangible Assets | 104.3 | |||
Acquisitions (Note 3), Finite-Lived Intangible Assets | ||||
Deferrals | ||||
Less: Components of amortization: | ||||
Amortization of intangibles | 37.3 | 113.0 | 101.3 | 23.8 |
Adjustment for unrealized investment (gains), net, Goodwill | 211.3 | |||
Effect of translation, Finite Lived intangible assets | ||||
Ending Balance, Finite Lived Intangible Assets | 202.6 | 202.6 | ||
VOBA [Member] | Unlocking [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | (22.6) | |||
VOBA [Member] | Reclassifications [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | ||||
VOBA [Member] | Interest [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | (16.2) | |||
VOBA [Member] | Periodic amortization [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | 151.8 | |||
DAC [Member]
|
||||
Intangible Assets, Including Goodwill [Roll Forward] | ||||
Beginning Balance, Finite Lived Intangible Assets | 169.2 | |||
Acquisitions (Note 3), Finite-Lived Intangible Assets | ||||
Deferrals | 109.2 | |||
Less: Components of amortization: | ||||
Amortization of intangibles | 27.4 | 50.1 | 10.7 | 3.1 |
Adjustment for unrealized investment (gains), net, Goodwill | 49.6 | |||
Effect of translation, Finite Lived intangible assets | ||||
Ending Balance, Finite Lived Intangible Assets | 277.9 | 277.9 | ||
DAC [Member] | Unlocking [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | (4.8) | |||
DAC [Member] | Reclassifications [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | ||||
DAC [Member] | Interest [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | (7.1) | |||
DAC [Member] | Periodic amortization [Member]
|
||||
Less: Components of amortization: | ||||
Amortization of intangibles | 62.0 | |||
Goodwill [Member]
|
||||
Intangible Assets, Including Goodwill [Roll Forward] | ||||
Deferrals | ||||
Less: Components of amortization: | ||||
Adjustment for unrealized investment (gains), net, Goodwill | ||||
Indefinite Lived Intangible Assets [Member]
|
||||
Intangible Assets, Including Goodwill [Roll Forward] | ||||
Deferrals | ||||
Less: Components of amortization: | ||||
Adjustment for unrealized investment (gains), net, Goodwill |
X | ||||||||||
- Definition
Adjustment for change in unrealized investment losses (gains) net. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Deferrals. No definition available.
|
X | ||||||||||
- Definition
Goodwill Amortization No definition available.
|
X | ||||||||||
- Definition
Indefinite Lived Intangible Assets Excluding Goodwill Amortization Expense No definition available.
|
X | ||||||||||
- Definition
Intangible assets acquired during period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Intangible assets translation adjustments. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Goodwill and Intangibles, including DAC and VOBA - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | ||
---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Sep. 30, 2012
|
|
Finite-Lived Intangible Assets [Line Items] | |||||
Intangible assets amortization method | straight-line method | ||||
Amortization of intangibles | $ 85.0 | $ 220.6 | $ 158.5 | $ 43.0 | |
2014 | 78.5 | 78.5 | |||
2015 | 78.5 | 78.5 | |||
2016 | 78.5 | 78.5 | |||
2017 | 78.5 | 78.5 | |||
VOBA [Member]
|
|||||
Finite-Lived Intangible Assets [Line Items] | |||||
Weighted average amortization period | 4 years 10 months 24 days | ||||
Cumulative adjustments for net unrealized investment gains | 128.1 | 128.1 | 339.4 | ||
Amortization of intangibles | 37.3 | 113.0 | 101.3 | 23.8 | |
2014 | 45.7 | 45.7 | |||
2015 | 43.7 | 43.7 | |||
2016 | 39.5 | 39.5 | |||
2017 | 33.0 | 33.0 | |||
DAC [Member]
|
|||||
Finite-Lived Intangible Assets [Line Items] | |||||
Weighted average amortization period | 7 years 8 months 12 days | ||||
Cumulative adjustments for net unrealized investment gains | 1.1 | 1.1 | 50.7 | ||
Amortization of intangibles | 27.4 | 50.1 | 10.7 | 3.1 | |
Deferred sales inducements, net of shadow adjustments | 20.6 | 20.6 | 9.1 | ||
2014 | 22.3 | 22.3 | |||
2015 | 23.6 | 23.6 | |||
2016 | 22.9 | 22.9 | |||
2017 | $ 22.0 | $ 22.0 | |||
Minimum [Member]
|
|||||
Finite-Lived Intangible Assets [Line Items] | |||||
Weighted average amortization period | 1 year | ||||
Maximum [Member]
|
|||||
Finite-Lived Intangible Assets [Line Items] | |||||
Weighted average amortization period | 20 years |
X | ||||||||||
- Definition
Cumulative adjustments for net unrealized investment gains. No definition available.
|
X | ||||||||||
- Definition
Deferred sales inducements, net of shadow adjustments. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Goodwill and Intangibles, including DAC and VOBA - Summary of Definite Lived Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
Jun. 30, 2013
Minimum [Member]
|
Jun. 30, 2013
Maximum [Member]
|
Jun. 30, 2013
Customer relationships [Member]
|
Sep. 30, 2012
Customer relationships [Member]
|
Jun. 30, 2013
Customer relationships [Member]
Minimum [Member]
|
Jun. 30, 2013
Customer relationships [Member]
Maximum [Member]
|
Jun. 30, 2013
Trade names [Member]
|
Sep. 30, 2012
Trade names [Member]
|
Jun. 30, 2013
Trade names [Member]
Minimum [Member]
|
Jun. 30, 2013
Trade names [Member]
Maximum [Member]
|
Jun. 30, 2013
Technology assets [Member]
|
Sep. 30, 2012
Technology assets [Member]
|
Jun. 30, 2013
Technology assets [Member]
Minimum [Member]
|
Jun. 30, 2013
Technology assets [Member]
Maximum [Member]
|
|
Finite-Lived Intangible Assets [Line Items] | ||||||||||||||||
Cost | $ 1,226.4 | $ 1,038.0 | $ 879.4 | $ 796.2 | $ 171.5 | $ 150.8 | $ 175.5 | $ 91.0 | ||||||||
Accumulated Amortization | (223.9) | (164.1) | (147.9) | (113.0) | (41.2) | (28.3) | (34.8) | (22.8) | ||||||||
Net | $ 1,002.5 | $ 873.9 | $ 731.5 | $ 683.2 | $ 130.3 | $ 122.5 | $ 140.7 | $ 68.2 | ||||||||
Amortizable Life | 1 year | 20 years | 15 years | 20 years | 1 year | 12 years | 4 years | 17 years |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Goodwill and Intangibles, including DAC and VOBA - Summary of Amortization Expense of Definite Lived Intangible Assets (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of intangibles | $ 85.0 | $ 220.6 | $ 158.5 | $ 43.0 |
Customer relationships [Member]
|
||||
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of intangibles | 11.6 | 33.3 | 30.0 | 10.1 |
Trade names [Member]
|
||||
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of intangibles | 4.3 | 12.2 | 9.8 | 3.6 |
Technology assets [Member]
|
||||
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of intangibles | 4.4 | 12.0 | 6.7 | 2.4 |
Definite Lived Intangible Assets [Member]
|
||||
Finite-Lived Intangible Assets [Line Items] | ||||
Amortization of intangibles | $ 20.3 | $ 57.5 | $ 46.5 | $ 16.1 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Goodwill and Intangibles, including DAC and VOBA - Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
---|---|
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items] | |
2013 | $ 78.5 |
2014 | 78.5 |
2015 | 78.5 |
2016 | 78.5 |
2017 | 78.5 |
VOBA [Member]
|
|
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items] | |
2013 | 9.0 |
2014 | 45.7 |
2015 | 43.7 |
2016 | 39.5 |
2017 | 33.0 |
Thereafter | 159.8 |
DAC [Member]
|
|
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items] | |
2013 | 4.5 |
2014 | 22.3 |
2015 | 23.6 |
2016 | 22.9 |
2017 | 22.0 |
Thereafter | $ 183.7 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt - Summary of Debt (Detail) (USD $)
|
9 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
Jun. 30, 2013
HGI [Member]
|
Jul. 23, 2013
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
|
Jun. 30, 2013
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
|
Dec. 30, 2012
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
|
Sep. 30, 2012
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
|
Jun. 30, 2013
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
|
Dec. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
|
Sep. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
|
Dec. 30, 2012
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
9.5% Senior Secured Notes, due June 15, 2018 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
9.5% Senior Secured Notes, due June 15, 2018 [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
6.75% Senior Notes, due March 15, 2020 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
6.75% Senior Notes, due March 15, 2020 [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Six Point Three Seven Five Senior Notes [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Six Point Three Seven Five Senior Notes [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
6.625% Notes [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
6.625% Notes [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
ABL Facility, expiring May 24, 2017 [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
ABL Facility, expiring May 24, 2017 [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Other notes and obligations [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Other notes and obligations [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Capitalized lease obligations [Member]
|
Sep. 30, 2012
Spectrum Brands [Member]
Capitalized lease obligations [Member]
|
Jun. 30, 2013
FGL [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
|
Sep. 30, 2012
FGL [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
|
Jun. 30, 2013
EXCO/HGI JV [Member]
EXO/HGI Partnership Credit Agreement, due February 14, 2018 [Member]
|
Sep. 30, 2012
EXCO/HGI JV [Member]
EXO/HGI Partnership Credit Agreement, due February 14, 2018 [Member]
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
5.80% Unaffiliated Long-Term Debt of Consolidated Variable-Interest-Entity [Member]
|
Sep. 30, 2012
Salus Capital Partners L L C [Member]
5.80% Unaffiliated Long-Term Debt of Consolidated Variable-Interest-Entity [Member]
|
Jun. 30, 2013
Other assets [Member]
6.625% Notes [Member]
|
Jun. 30, 2013
Other assets [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
|
Jun. 30, 2013
Other assets [Member]
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||||||||
Document Period End Date | Jun. 30, 2013 | Jun. 30, 2013 | ||||||||||||||||||||||||||||||||||||
Unamortized Debt Issuance Costs | $ 14,100,000 | $ 12,900,000 | $ 16,900,000 | |||||||||||||||||||||||||||||||||||
Long-term Debt | 4,562,300,000 | 2,165,000,000 | 700,000,000.0 | 500,000,000 | 757,500,000 | 0 | 0 | 370,200,000 | 370,200,000 | 950,000,000 | 950,000,000 | 300,000,000 | 300,000,000 | 520,000,000 | 0 | 570,000,000 | 0 | 69,500,000 | 0 | 33,000,000 | 18,100,000 | 29,900,000 | 26,700,000 | 300,000,000 | 57,500,000 | |||||||||||||
Original issuance (discounts) premiums on debt, net | (8,000,000) | 2,000,000 | ||||||||||||||||||||||||||||||||||||
Total Debt | 4,554,300,000 | 2,167,000,000 | ||||||||||||||||||||||||||||||||||||
Less current maturities | 40,800,000 | 16,400,000 | ||||||||||||||||||||||||||||||||||||
Non-current portion of debt | $ 4,513,500,000 | $ 2,150,600,000 | ||||||||||||||||||||||||||||||||||||
Long-term debt, interest rate | 7.875% | 7.875% | 7.875% | 10.625% | 10.625% | 4.60% | 0.00% | 0.00% | 5.10% | 9.50% | 9.50% | 6.80% | 6.80% | 6.375% | 0.00% | 6.625% | 0.00% | 2.10% | 4.30% | 8.30% | 10.90% | 6.20% | 6.20% | 6.375% | 0.00% | 5.80% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Long Term Debt Current And Non Current No definition available.
|
X | ||||||||||
- Definition
Unamortized Debt Issuance Costs No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Debt - Additional Information (Detail)
|
9 Months Ended | 1 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 1 Months Ended | 1 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
USD ($)
|
Sep. 30, 2012
USD ($)
|
Dec. 30, 2012
ABL Facility, expiring May 24, 2017 [Member]
USD ($)
|
Jun. 30, 2013
ABL Facility, expiring May 24, 2017 [Member]
Other assets [Member]
USD ($)
|
Feb. 14, 2013
EXCO/HGI Partnership Credit Agreement [Member]
|
Jun. 30, 2013
Minimum [Member]
LIBOR [Member]
EXCO/HGI Partnership Credit Agreement [Member]
|
Jun. 30, 2013
Minimum [Member]
ABR [Member]
EXCO/HGI Partnership Credit Agreement [Member]
|
Jun. 30, 2013
Maximum [Member]
LIBOR [Member]
EXCO/HGI Partnership Credit Agreement [Member]
|
Jun. 30, 2013
Maximum [Member]
ABR [Member]
EXCO/HGI Partnership Credit Agreement [Member]
|
Jun. 30, 2013
6.625% Notes [Member]
Other assets [Member]
USD ($)
|
Jun. 30, 2013
6.375% Senior Notes, Due April 1, 2021 [Member]
Other assets [Member]
USD ($)
|
Jun. 30, 2013
HGI [Member]
|
Dec. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Dec. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Jun. 30, 2013
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Sep. 30, 2012
HGI [Member]
10.625% Senior Secured Notes, due November 15, 2015 [Member]
USD ($)
|
Dec. 30, 2012
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Jul. 23, 2013
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Jun. 30, 2013
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Sep. 30, 2012
HGI [Member]
7.875% Senior Secured Notes, due July 15, 2019 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
ABL Facility, expiring May 24, 2017 [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
Six Point Three Seven Five Senior Notes [Member]
USD ($)
|
Sep. 30, 2012
Spectrum Brands [Member]
Six Point Three Seven Five Senior Notes [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
6.625% Notes [Member]
USD ($)
|
Sep. 30, 2012
Spectrum Brands [Member]
6.625% Notes [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
CAD
|
Jun. 30, 2013
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Sep. 30, 2012
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
Term Loan, due December 17, 2019 [Member]
Other assets [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
USD ($)
|
Jun. 30, 2013
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
USD ($)
|
Sep. 30, 2012
Spectrum Brands [Member]
Previous Term Loan Facility [Member]
USD ($)
|
Dec. 30, 2012
Spectrum Brands [Member]
6.375% Notes and 6.625% Notes [Member]
|
Jun. 30, 2013
FGL [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
USD ($)
|
Sep. 30, 2012
FGL [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
USD ($)
|
Jun. 30, 2013
FGL [Member]
USD ($)
|
Jun. 30, 2013
FGL [Member]
6.375% Senior Notes, Due April 1, 2021 [Member]
USD ($)
|
Jun. 30, 2013
EXCO/HGI JV [Member]
EXCO/HGI Partnership Credit Agreement [Member]
USD ($)
|
Mar. 05, 2013
EXCO/HGI JV [Member]
EXCO/HGI Partnership Credit Agreement [Member]
USD ($)
|
Feb. 14, 2013
EXCO/HGI JV [Member]
EXCO/HGI Partnership Credit Agreement [Member]
USD ($)
|
Jun. 30, 2013
EXCO/HGI JV [Member]
EXO/HGI Partnership Credit Agreement, due February 14, 2018 [Member]
|
Sep. 30, 2012
EXCO/HGI JV [Member]
EXO/HGI Partnership Credit Agreement, due February 14, 2018 [Member]
USD ($)
|
Jun. 30, 2013
EXCO/HGI JV [Member]
EXO/HGI Partnership Credit Agreement, due February 14, 2018 [Member]
EXCO/HGI Partnership Credit Agreement [Member]
USD ($)
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
USD ($)
|
Feb. 14, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
USD ($)
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
Maximum [Member]
Variable Interest Entity, Primary Beneficiary [Member]
USD ($)
|
Feb. 14, 2013
Salus Capital Partners L L C [Member]
Maximum [Member]
Variable Interest Entity, Primary Beneficiary [Member]
USD ($)
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
5.80% Unaffiliated Long-Term Debt of Consolidated Variable-Interest-Entity [Member]
USD ($)
|
Sep. 30, 2012
Salus Capital Partners L L C [Member]
5.80% Unaffiliated Long-Term Debt of Consolidated Variable-Interest-Entity [Member]
USD ($)
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
5.80% Unaffiliated Long-Term Debt of Consolidated Variable-Interest-Entity [Member]
Minimum [Member]
LIBOR [Member]
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
5.80% Unaffiliated Long-Term Debt of Consolidated Variable-Interest-Entity [Member]
Maximum [Member]
LIBOR [Member]
|
|
Debt Instrument [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt, face amount | $ 498,000,000.0 | $ 498,000,000.0 | $ 700,000,000.0 | $ 225,000,000 | $ 520,000,000 | $ 570,000,000 | $ 800,000,000.0 | 100,000,000.0 | $ 300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
Long-term debt, interest rate | 10.625% | 10.625% | 10.625% | 7.875% | 7.875% | 7.875% | 6.375% | 0.00% | 6.625% | 0.00% | 4.60% | 4.60% | 0.00% | 0.00% | 5.10% | 6.375% | 6.375% | 0.00% | 5.80% | ||||||||||||||||||||||||||||||||||
Proceeds from Dividends Received | 73,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Discharge of remaining outstanding | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash charges on Interest Expense | 58,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash charges for fees and expenses | 45,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash charges related to the Satisfaction and Discharge | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-cash charges for the write down/write-off of debt issuance costs and discount/premium | 13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-term debt, percentage | 99.36% | 101.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||
Original issuance discounts on debt, net | 4,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Other assets | 271,900,000 | 172,600,000 | 20,000,000 | 10,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Document Period End Date | Jun. 30, 2013 | Jun. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Redemption price of debt instrument to percentage of principal amount | 100.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt instrument principal amount redemption percentage | 35.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from repurchase of equity, percentage | 107.875% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Original maturity date | 90 days | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Redemption percentage of aggregate debt outstanding | 65.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt maturity date | Dec. 17, 2019 | Dec. 17, 2019 | Jun. 17, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Basis spread on variable rate | 1.75% | 0.75% | 2.75% | 1.75% | 2.50% | 10.50% | |||||||||||||||||||||||||||||||||||||||||||||||
Long-term Debt | 4,562,300,000 | 2,165,000,000 | 500,000,000 | 700,000,000.0 | 520,000,000 | 0 | 570,000,000 | 0 | 757,500,000 | 757,500,000 | 0 | 370,200,000 | 0 | 370,200,000 | 300,000,000 | 57,500,000 | |||||||||||||||||||||||||||||||||||||
Adjustment to increase interest expense | 5,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt issuance costs | 200,000 | 19,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Unamortized Debt Issuance Costs | 300,000 | 14,100,000 | 12,900,000 | 16,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Debt | 2,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum percentage of aggregate outstanding principal held by registered holders | 25.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset based lending revolving credit facility, before increase | 300,000,000.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Asset based lending revolving credit facility | 400,000,000.0 | 800,000,000 | 100,000,000 | 470,000,000.0 | 400,000,000.0 | ||||||||||||||||||||||||||||||||||||||||||||||||
Extended Maturity Date | May 24, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate borrowing availability | 228,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net of lender reserves | 7,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Letter of credit outstanding | 38,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit, amount outstanding to partnership | 369,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of Credit Facility, Amount Outstanding | 274,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit agreement, minimum percentage of secuity interest in oil and gas properties collateralizing borrowings | 80.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit agreement, days after forrmation partnership required to enter into derivative financial instruments | 60 days | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit agreement, partnership required to enter into derivative financial instruments, minimum percentage covering forecasted proved natural gas production, year one | 75.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit agreement, partnership required to enter into derivative financial instruments, minimum percentage covering forecasted proved natural gas production, year two | 50.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit agreement, partnership required to enter into derivative financial instruments, maximum percentage covering forecasted proved natural gas production, year one and two | 100.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit agreement, partnership required to enter into derivative financial instruments, maximum percentage covering forecasted proved natural gas production, year three | 90.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit agreement, partnership required to enter into derivative financial instruments, maximum percentage covering forecasted proved natural gas production, year four and five | 85.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of credit facility, convenant terms, current ratio | 1.0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of cedit facility, covenant terms, ratio of indebtedness to EBITDAX | 4.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Collateralized loan obligation of consolidated VIE | 57,500,000 | 63,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Asset-backed loans | $ 430,200,000 | $ 180,100,000 | $ 175,500,000 | $ 225,000,000 | $ 250,000,000 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
Debt amount reserve by lender. No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Initial Purchasers Discount No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Issue Price As Percentage Of Principle Amount No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Maturity Date Period No definition available.
|
X | ||||||||||
- Definition
Debt Instrument Principal Amount Redemption Percentage No definition available.
|
X | ||||||||||
- Definition
Fees For Refinancing Efforts No definition available.
|
X | ||||||||||
- Definition
Financing Receivable Held For Investment No definition available.
|
X | ||||||||||
- Definition
Increase in cash charge of interest expenses. No definition available.
|
X | ||||||||||
- Definition
Line of Credit Agreement, Days After Formation Partnership Required to Enter into Derivative Financial Instruments No definition available.
|
X | ||||||||||
- Definition
Line of Credit Agreement, Minimum Percentage of Security Interest in Oil and Gas Properties Collateralizing Borrowings No definition available.
|
X | ||||||||||
- Definition
Line of Credit Agreement, Partnership Required to Enter into Derivative Financial Instruments, Maximum Percentage Covering Forecasted Proved Natural Gas Production, Year 1 and 2 No definition available.
|
X | ||||||||||
- Definition
Line of Credit Agreement, Partnership Required to Enter into Derivative Financial Instruments, Maximum Percentage Covering Forecasted Proved Natural Gas Production, Year 3 No definition available.
|
X | ||||||||||
- Definition
Line of Credit Agreement, Partnership Required to Enter into Derivative Financial Instruments, Maximum Percentage Covering Forecasted Proved Natural Gas Production, Year 4 and 5 No definition available.
|
X | ||||||||||
- Definition
Line of Credit Agreement, Partnership Required to Enter into Derivative Financial Instruments, Minimum Percentage Covering Forecasted Proved Natural Gas Production, Year One No definition available.
|
X | ||||||||||
- Definition
Line of Credit Agreement, Partnership Required to Enter into Derivative Financial Instruments, Minimum Percentage Covering Forecasted Proved Natural Gas Production, Year Two No definition available.
|
X | ||||||||||
- Definition
Line of Credit Facility, Amount Outstanding, Partnership No definition available.
|
X | ||||||||||
- Definition
Line of Credit Facility, Convenant Terms, Current Ratio No definition available.
|
X | ||||||||||
- Definition
Line of Credit Facility, Covenant Terms, Ratio of Indebtedness to EBITDAX No definition available.
|
X | ||||||||||
- Definition
Line of credit facility extended maturity date. No definition available.
|
X | ||||||||||
- Definition
Minimum percentage of aggregate outstanding principal held by registered holders. No definition available.
|
X | ||||||||||
- Definition
Minimum Percentage Of Original Aggregate Principal Amount Of Notes To Remain Outstanding Immediately After Redemption No definition available.
|
X | ||||||||||
- Definition
Non Cash Portion Of Debt Retirement Charge No definition available.
|
X | ||||||||||
- Definition
Proceeds From Repurchase Of Equity Percentage No definition available.
|
X | ||||||||||
- Definition
Redemption Price Of Debt Instrument To Percentage Of Principal Amount No definition available.
|
X | ||||||||||
- Definition
Unamortized Debt Issuance Costs No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Defined Benefit Plans - Components of Consolidated Net Periodic Benefit and Deferred Compensation Benefit Costs and Contributions Made (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Defined Benefit Plan Disclosure [Line Items] | ||||
Number of separate contributory plans | 2 | |||
Net periodic benefit cost [Member]
|
||||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ||||
Service cost | $ 0.9 | $ 2.6 | $ 2.0 | $ 0.7 |
Interest cost | 2.5 | 7.8 | 7.7 | 2.8 |
Expected return on assets | (2.5) | (7.4) | (6.1) | (2.3) |
Recognized net actuarial loss | 0.5 | 1.6 | 0.5 | 0.2 |
Employee contributions | (0.1) | (0.1) | ||
Net periodic benefit expense | 1.4 | 4.5 | 4.0 | 1.4 |
Contributions made during period | $ 1.3 | $ 3.2 | $ 3.9 | $ 1.3 |
X | ||||||||||
- Definition
Number of Contributory Post-Retirement Plans No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Reinsurance - Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Insurance Premiums: | ||||
Direct | $ 69.9 | $ 212.3 | $ 225.7 | $ 74.5 |
Assumed | 9.1 | 24.5 | 35.7 | 11.4 |
Ceded | (60.0) | (189.9) | (219.2) | (73.8) |
Net | 19.0 | 46.9 | 42.2 | 12.1 |
Benefits and Other Changes in Insurance Policy Reserves: | ||||
Direct | 150.9 | 579.8 | 749.7 | 224.9 |
Assumed | 8.2 | 15.7 | 27.0 | 9.0 |
Ceded | (51.9) | (163.8) | (217.0) | (92.9) |
Net | $ 107.2 | $ 431.7 | $ 559.7 | $ 141.0 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Reinsurance - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 9 Months Ended | 15 Months Ended | 0 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
Oct. 17, 2011
|
Apr. 08, 2011
|
Jun. 30, 2013
Wilton Re [Member]
|
Jul. 01, 2013
Wilton Re [Member]
|
Jan. 01, 2013
Fgl Reinsurance Agreement With Fsr [Member]
|
Jun. 30, 2013
Nomura [Member]
|
|
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items] | ||||||||
ReinsuranceRecissionGainLoss | $ 1.9 | |||||||
Fair value of insurance transferred assets | 580.7 | 535.8 | ||||||
Pre-tax gain on reinsurance transactions deferred | 18.0 | |||||||
Reserve financing facility | 295.0 | |||||||
Upfront structuring fee | 2.8 | |||||||
LetterofCreditFutureQuarterlyReductiun | 6.3 | |||||||
Reinsurance arrangment in percentage | 10.00% | |||||||
Payments for reinsurance | 6.4 | 1,500.0 | ||||||
Contractholder funds | $ 15,342.6 | $ 15,290.4 | $ 4.5 |
X | ||||||||||
- Definition
Fair value of assets transferred including ceding commission under commitment agreement. No definition available.
|
X | ||||||||||
- Definition
Letter Of Credit No definition available.
|
X | ||||||||||
- Definition
LetterofCreditFutureQuarterlyReductiun No definition available.
|
X | ||||||||||
- Definition
Pretax Gain On Reinsurance Transactions Deferred No definition available.
|
X | ||||||||||
- Definition
Reinsurance Arrangement In Percentage No definition available.
|
X | ||||||||||
- Definition
ReinsuranceRecissionGainLoss No definition available.
|
X | ||||||||||
- Definition
Upfront Arrangement Fees Incurred In Connection With Credit Facility No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Stock Compensation - Consolidated Stock Compensation Expense (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||
Stock-based compensation | $ 22.7 | $ 44.9 | $ 17.1 | $ 5.3 |
Less: | ||||
Related tax benefit | 0.7 | 1.2 | ||
Noncontrolling interest | 7.3 | 13.6 | 6.8 | 1.9 |
Net | $ 14.7 | $ 30.1 | $ 10.3 | $ 3.4 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Stock compensation expense noncontrolling. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock Compensation - Summary of Stock Options Outstanding and Related Activity (Detail) (Stock option awards [Member], USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
HGI [Member]
|
||||
Options (in shares): | ||||
Stock options outstanding at September 30, 2012 | 2,285 | |||
Granted | 0 | 1,528 | 2,215 | |
Exercised | 0 | |||
Forfeited or expired | (33) | |||
Stock options outstanding at June 30, 2013 | 3,780 | 3,780 | ||
Stock options vested and exercisable at June 30, 2013 | 865 | |||
Stock options outstanding and expected to vest | 2,915 | 2,915 | ||
Weighted Average Exercise Price (in dollars per share): | ||||
Stock options outstanding at September 30, 2012 | $ 4.96 | |||
Granted | $ 8.52 | |||
Exercised | $ 0.00 | |||
Forfeited or expired | $ 6.18 | |||
Stock options outstanding at June 30, 2013 | $ 6.39 | $ 6.39 | ||
Stock options vested and exercisable at June 30, 2013 | $ 6.12 | |||
Stock options outstanding and expected to vest | $ 6.46 | $ 6.46 | ||
Weighted Average Grant Date Fair Value (in dollars per share): | ||||
Stock options outstanding at September 30, 2012 | $ 1.77 | |||
Granted | $ 3.53 | |||
Exercised | $ 0.00 | |||
Forfeited or expired | $ 2.32 | |||
Stock options outstanding at June 30, 2013 | $ 2.47 | $ 2.47 | ||
Stock options vested and exercisable at June 30, 2013 | $ 2.33 | |||
Stock options outstanding and expected to vest | $ 2.52 | $ 2.52 | ||
FGL [Member]
|
||||
Options (in shares): | ||||
Stock options outstanding at September 30, 2012 | 201 | |||
Granted | 194 | 194 | 205 | 207 |
Exercised | (27) | |||
Forfeited or expired | 0 | |||
Stock options outstanding at June 30, 2013 | 368 | 368 | ||
Stock options vested and exercisable at June 30, 2013 | 0 | |||
Stock options outstanding and expected to vest | 301 | 301 | ||
Weighted Average Exercise Price (in dollars per share): | ||||
Stock options outstanding at September 30, 2012 | $ 38.20 | |||
Granted | $ 49.45 | |||
Exercised | $ 38.14 | |||
Forfeited or expired | $ 0.00 | |||
Stock options outstanding at June 30, 2013 | $ 43.77 | $ 43.77 | ||
Stock options vested and exercisable at June 30, 2013 | $ 0.00 | |||
Stock options outstanding and expected to vest | $ 43.77 | $ 43.77 | ||
Weighted Average Grant Date Fair Value (in dollars per share): | ||||
Stock options outstanding at September 30, 2012 | $ 3.90 | |||
Granted | $ 3.85 | |||
Exercised | $ 3.90 | |||
Forfeited or expired | $ 0.00 | |||
Stock options outstanding at June 30, 2013 | $ 3.88 | $ 3.88 | ||
Stock options vested and exercisable at June 30, 2013 | $ 0.00 | |||
Stock options outstanding and expected to vest | $ 3.88 | $ 3.88 |
X | ||||||||||
- Definition
Share based compensation arrangement by share based payment award equity instruments options nonvested weighted average grant date fair value. No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Awards Expected To Vest Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Exercised, Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Number No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Weighted Average Exercise Price No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Exercisable Weighted Average grant date fair value No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock Compensation - Summary of Restricted Stock and Restricted Stock Units Outstanding and Related Activity (Detail) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 15 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
HGI [Member]
Restricted stock awards [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock awards [Member]
|
Jul. 01, 2012
HGI [Member]
Restricted stock awards [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock units [Member]
|
Jul. 01, 2012
HGI [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Restricted stock awards [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Restricted stock awards [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jul. 01, 2013
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Time Based Restricted Stock Units Vesting Over One Year [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
Time Based Restricted Stock Units Vesting Over One Year [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Performance Based and Time Based Restricted Stock Units Two Year Vesting [Member]
|
Jan. 01, 2012
Spectrum Brands [Member]
Performance Based and Time Based Restricted Stock Units Two Year Vesting [Member]
|
Jun. 30, 2013
FGL [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
FGL [Member]
Restricted stock units [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||
Equity instruments other than options, grant date fair value | $ 30.2 | $ 20.8 | ||||||||||||||||
Remaining shares are restricted stock grants | 644 | 644 | 699 | |||||||||||||||
Shares: | ||||||||||||||||||
Restricted award outstanding at September 30, 2012 | 830 | 17 | 13 | 1,931 | 0 | |||||||||||||
Granted | 3,256 | 818 | 0 | 9 | 22 | 30 | 666 | 759 | 42 | 22 | 18 | 554 | 52 | 52 | ||||
Vested | (633) | (17) | (13) | (1,121) | 0 | |||||||||||||
Forfeited | (33) | 0 | (290) | (1) | ||||||||||||||
Restricted award outstanding at March 31, 2013 | 3,420 | 3,420 | 9 | 9 | 0 | 0 | 1,186 | 1,186 | 51 | 51 | ||||||||
Restricted award vested and exercisable at March 31, 2013 | 22 | 22 | 0 | 0 | ||||||||||||||
Restricted award expected to vest | 3,420 | 3,420 | 9 | 9 | 0 | 0 | 1,186 | 1,186 | 41 | 41 | ||||||||
Weighted Average Grant Date Fair Value (in dollars per share): | ||||||||||||||||||
Restricted award outstanding at September 30, 2012 | $ 4.93 | $ 4.61 | $ 28.00 | $ 28.45 | $ 0.00 | |||||||||||||
Granted | $ 8.52 | $ 8.33 | $ 0.00 | $ 45.35 | $ 3.85 | |||||||||||||
Vested | $ 8.23 | $ 4.61 | $ 28.00 | $ 28.28 | $ 0.00 | |||||||||||||
Forfeited | $ 7.93 | $ 0 | $ 29.79 | $ 0.00 | ||||||||||||||
Restricted award outstanding at March 31, 2013 | $ 7.71 | $ 7.71 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | $ 3.85 | $ 3.85 | ||||||||||
Restricted award vested and exercisable at March 31, 2013 | $ 4.61 | $ 4.61 | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 | ||||||||||||
Restricted award expected to vest | $ 7.71 | $ 7.71 | $ 8.33 | $ 8.33 | $ 0.00 | $ 0.00 | $ 37.76 | $ 37.76 | $ 3.85 | $ 3.85 |
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Awards Expected To Vest Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Exercisable In Period No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Exercisable In Period Weighted Average Grant Date Fair Value No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Remaining No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock Compensation - Additional Information (Detail) (USD $)
|
9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 15 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 15 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
HGI [Member]
|
Jun. 30, 2013
HGI [Member]
HGI's executive bonus plan [Member]
Minimum [Member]
|
Jun. 30, 2013
HGI [Member]
HGI's executive bonus plan [Member]
Maximum [Member]
|
Jun. 30, 2013
HGI [Member]
Stock option awards [Member]
|
Jun. 30, 2013
HGI [Member]
Stock option awards [Member]
|
Jul. 01, 2012
HGI [Member]
Stock option awards [Member]
|
Jun. 30, 2013
HGI [Member]
Stock option awards [Member]
Minimum [Member]
|
Jun. 30, 2013
HGI [Member]
Stock option awards [Member]
Maximum [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock awards [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock awards [Member]
|
Jul. 01, 2012
HGI [Member]
Restricted stock awards [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock awards [Member]
Minimum [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock awards [Member]
Maximum [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock units [Member]
|
Jul. 01, 2012
HGI [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock units [Member]
Minimum [Member]
|
Jun. 30, 2013
HGI [Member]
Restricted stock units [Member]
Maximum [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Restricted stock awards [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jul. 01, 2013
Spectrum Brands [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Time Based Restricted Stock Units Vesting Over One Year [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
Time Based Restricted Stock Units Vesting Over One Year [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
Time Based Restricted Stock Units Vesting Over Two Years [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Performance based restricted stock units vesting over one year [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
Performance Based and Time Based Restricted Stock Units Two Year Vesting [Member]
|
Jul. 01, 2012
Spectrum Brands [Member]
Performance Based and Time Based Restricted Stock Units Two Year Vesting [Member]
|
Jan. 01, 2012
Spectrum Brands [Member]
Performance Based and Time Based Restricted Stock Units Two Year Vesting [Member]
|
Jun. 30, 2013
FGL [Member]
|
Jun. 30, 2013
FGL [Member]
|
Jun. 30, 2013
FGL [Member]
Cash Settlement [Member]
|
Jun. 30, 2013
FGL [Member]
Unvested Option Awards to Fair Value [Member]
|
Jun. 30, 2013
FGL [Member]
Stock option awards [Member]
|
Jun. 30, 2013
FGL [Member]
Stock option awards [Member]
|
Jul. 01, 2012
FGL [Member]
Stock option awards [Member]
|
Jul. 01, 2013
FGL [Member]
Stock option awards [Member]
|
Jun. 30, 2013
FGL [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
FGL [Member]
Restricted stock units [Member]
|
Jun. 30, 2013
EXCO/HGI JV [Member]
|
Jun. 30, 2013
EXCO/HGI JV [Member]
EXCO/HGI JV Incentive Plan [Member]
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||||||||||||||||||||||||||||||||||||||||
Options, granted | 0 | 1,528,000 | 2,215,000 | 194,000 | 194,000 | 205,000 | 207,000 | |||||||||||||||||||||||||||||||||||
Vesting period | 12 months | 36 months | 12 months | 48 months | 7 months | 36 months | 7 months | 12 months | 3 years | 3 years | 3 years | |||||||||||||||||||||||||||||||
Grant date fair value | $ 5,400,000 | $ 3,600,000 | $ 27,700,000 | $ 3,900,000 | $ 100,000 | $ 100,000 | $ 600,000 | $ 600,000 | $ 600,000 | $ 600,000 | $ 2,000,000 | $ 2,000,000 | ||||||||||||||||||||||||||||||
Equity intruments other than options granted | 3,256,000 | 818,000 | 0 | 9,000 | 22,000 | 30,000 | 666,000 | 759,000 | 42,000 | 22,000 | 18,000 | 42,000 | 90,000 | 554,000 | 52,000 | 52,000 | 102,000 | |||||||||||||||||||||||||
Remaining shares are restricted stock grants | 644,000 | 644,000 | 699,000 | |||||||||||||||||||||||||||||||||||||||
Equity instruments other than options, grant date fair value | 30,200,000 | 20,800,000 | ||||||||||||||||||||||||||||||||||||||||
Time-based and vest over period of restricted stock units | 1 year | 1 year | 2 years | 2 years | ||||||||||||||||||||||||||||||||||||||
Dividend equivalent vesting provision | 400,000 | |||||||||||||||||||||||||||||||||||||||||
Stock compensation expense | 600,000 | 100,000 | ||||||||||||||||||||||||||||||||||||||||
Compensation cost not yet recognized | $ 16,500,000 | $ 4,100 | $ 4,100 | $ 700,000 | ||||||||||||||||||||||||||||||||||||||
Unrecognized compensation cost expected to recognized, years | 2 years 2 months 26 days | 2 years 4 months 28 days | 2 years 328 days | |||||||||||||||||||||||||||||||||||||||
Weighted average remaining contractual term of outstanding stock option awards | 8 years 11 months 13 days | |||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 898,000 |
X | ||||||||||
- Definition
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Options Fair Value at Grant Date. No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Remaining No definition available.
|
X | ||||||||||
- Definition
Share Based Compensation Expense Related To Accelerated Vesting Provisions No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Stock Compensation - Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model (Detail)
|
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Jul. 01, 2012
|
|
HGI [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Risk-free interest rate | 0.85% | |
Assumed dividend yield | 0.00% | 0.00% |
Expected option term | 6 years | |
HGI [Member] | Minimum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected option term | 5 years 3 months 18 days | |
Volatility | 42.80% | 35.00% |
HGI [Member] | Maximum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected option term | 6 years | |
Volatility | 44.00% | 33.00% |
FGL [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Risk-free interest rate | 0.80% | 0.80% |
Assumed dividend yield | 6.00% | 10.00% |
Expected option term | 4 years 6 months | 4 years 6 months |
Volatility | 27.00% | 35.00% |
FGL [Member] | Minimum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Risk-free interest rate | 0.98% | |
FGL [Member] | Maximum [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Risk-free interest rate | 1.19% |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Stock Compensation Stock compensation - Schedule of Incentive Plan Activity (Details) (EXCO/HGI JV [Member], EXCO/HGI JV Incentive Plan [Member], USD $)
In Thousands, except Per Share data, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Sep. 30, 2012
|
|
EXCO/HGI JV [Member] | EXCO/HGI JV Incentive Plan [Member]
|
||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 102 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ 10.00 | $ 0.00 |
Granted | 102 | |
Granted | $ 10.00 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Income Taxes - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | ||
---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Sep. 30, 2012
|
|
Income Taxes [Line Items] | |||||
Effective income tax rate | 23.70% | 55.10% | (356.30%) | 5.00% | |
Statutory rate | 35.00% | ||||
Increase Decrease In Fair Value Of Equity Conversion Feature Of Preferred Stock | $ (52.6) | $ (81.9) | $ 124.0 | $ 125.5 | |
Valuation allowance, change in amount | 49.3 | ||||
Unrecognized tax benefits | 9.0 | 9.0 | 5.9 | ||
Uncertain tax positions [Member]
|
|||||
Income Taxes [Line Items] | |||||
Accrued interest and penalties related to the uncertain tax positions | 3.8 | 3.8 | 3.6 | ||
Reinsurance transaction [Member]
|
|||||
Income Taxes [Line Items] | |||||
Valuation allowance, change in amount | (19.0) | (19.0) | |||
Contingent purchase price reduction receivable [Member]
|
|||||
Income Taxes [Line Items] | |||||
Valuation allowance, change in amount | 41.0 | 41.0 | |||
Business acquisition [Member]
|
|||||
Income Taxes [Line Items] | |||||
Valuation allowance, change in amount | $ (13.9) |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Share - Summary of Basic and Diluted EPS (Detail) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|||||||
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items] | ||||||||||
Preferred Stock Dividends, Income Statement Impact | $ (28.0) | $ (33.1) | ||||||||
Preferred Stock, Accretion of Redemption Discount | (12.0) | (36.3) | ||||||||
Preferred Stock Conversions, Inducements | 52.6 | 81.9 | ||||||||
Dilutive Adjustments To Income Loss Attributable To Common Stock From Assumed Conversion Of Preferred Stock Net Of Tax | 12.6 | 12.5 | ||||||||
Net income (loss) attributable to common and participating preferred stockholders | 91.6 | 108.1 | (129.2) | (149.1) | ||||||
Participating shares at end of period: | ||||||||||
Common shares outstanding | 140,576 | 140,576 | 139,357 | 139,357 | ||||||
Preferred shares (as-converted basis) | 61,987 | 61,987 | 62,526 | 62,526 | ||||||
Total | 202,563 | 202,563 | 201,883 | 201,883 | ||||||
Percentage of income (loss) allocated to: | ||||||||||
Common shares | 69.40% | 69.40% | 100.00% | 100.00% | ||||||
Preferred shares (a) | 30.60% | [1] | 30.60% | [1] | 0.00% | [1] | 0.00% | [1] | ||
Net income (loss) attributable to common shares - basic | 63.6 | 75.0 | (129.2) | (149.1) | ||||||
Dilutive adjustments to income (loss) attributable to common shares from assumed conversion of preferred shares, net of tax: | ||||||||||
Net income (loss) attributable to common shares - diluted | $ 51.0 | $ 62.5 | $ (129.2) | $ (149.1) | ||||||
Weighted-average common shares outstanding - basic | 140,292 | 139,832 | 139,351 | 139,349 | ||||||
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock | 62,413 | 62,555 | ||||||||
Dilutive effect of unvested restricted stock and restricted stock units | 1,853 | 2,231 | ||||||||
Dilutive effect of stock options | 662 | 612 | ||||||||
Weighted-average shares outstanding - diluted | 205,220 | 205,230 | 139,351 | 139,349 | ||||||
Net income (loss) per common share attributable to controlling interest: | ||||||||||
Basic (in dollars per share) | $ 0.45 | $ 0.54 | $ (0.93) | $ (1.07) | ||||||
Diluted (in dollars per share) | $ 0.25 | $ 0.30 | $ (0.93) | $ (1.07) | ||||||
|
X | ||||||||||
- Definition
Dilutive Adjustments To Income Loss Attributable To Common Stock From Assumed Conversion Of Preferred Stock Net Of Tax No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Incremental Common Shares Attributable To Conversion Of Restricted Stock Units No definition available.
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Participating Common Shares Outstanding No definition available.
|
X | ||||||||||
- Definition
Participating Preferred Shares As Converted Basis No definition available.
|
X | ||||||||||
- Definition
Participating Shares No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Percentage Of Income Loss Allocated To Common Shares No definition available.
|
X | ||||||||||
- Definition
Percentage Of Income Loss Allocated To Preferred Shares No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Earnings Per Share - Antidilutive Securities (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Preferred shares (as-converted basis) | 61,987 | 61,987 | 62,526 | 62,526 |
Basic (in dollars per share) | $ 0.45 | $ 0.54 | $ (0.93) | $ (1.07) |
Diluted (in dollars per share) | $ 0.25 | $ 0.30 | $ (0.93) | $ (1.07) |
X | ||||||||||
- Definition
Participating Preferred Shares As Converted Basis No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Commitments and Contingencies - Additional Information (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | 3 Months Ended | 1 Months Ended | 9 Months Ended | ||
---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
Maximum [Member]
|
Jun. 30, 2013
Minimum [Member]
|
Jul. 31, 2012
FGL [Member]
|
Jun. 30, 2013
FGL [Member]
|
Jun. 30, 2013
Spectrum Brands [Member]
|
|
Commitment And Contingencies [Line Items] | ||||||
Reserves for legal, environmental and regulatory matters | $ 20.4 | |||||
Environmental costs recognized, capitalized | 5.1 | |||||
Accrued amount of guaranty fund assessments | 5.6 | |||||
Estimated future premium tax deductions | 5.0 | |||||
Pre-tax charge, net of reinsurance, to increase reserves to cover potential benefits payable | 11.0 | |||||
Administrative costs and potential liabilities | 2.0 | |||||
Estimated range of external legal costs | 3.0 | 1.0 | ||||
Notional amount of unfunded, legally binding lending commitments | 150.4 | |||||
Expiration of partial amount of unfunded, legally binding lending commitments | $ 25.8 | |||||
Expiry date of partial amount of notional amount | 1 year | |||||
Expiry date of remainder part of notional amount | 4 years | 1 year | ||||
Interest rate on senior notes | 7.875% |
X | ||||||||||
- Definition
Benefit Expense Net Of Reinsurance To Increase Reserves To Cover Potential Benefits Payable No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Notional amount of unfunded, legally binding lending commitments. No definition available.
|
X | ||||||||||
- Definition
Partially amount of notional amount of unfunded, legally binding lending commitments. No definition available.
|
X | ||||||||||
- Definition
Contingent Liabilities Established Related To Administrative Costs And Potential Liabilities Due To Audits And Examinations No definition available.
|
X | ||||||||||
- Definition
Contingent Liabilities Established Related To External Legal Costs And Potential Liabilities Due To Audits And Examinations No definition available.
|
X | ||||||||||
- Definition
Expiry Dated Of Partial Amount Of Notional Amount No definition available.
|
X | ||||||||||
- Definition
Expiry date of remainder part of notional amount. No definition available.
|
X | ||||||||||
- Definition
Reserves for legal, environmental and regulatory matters. No definition available.
|
X | ||||||||||
- Definition
Shareholder contingencies percentage of notes and preferred stock. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Components of Receivables, Net (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | ||
---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Sep. 30, 2012
|
|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Entity Wide Disclosure On Geographic Areas Revenue From External Customers Attributed To Foreign Countries Percentage | 37.10% | 41.40% | 44.00% | 40.00% | |
Trade accounts receivable | $ 531.8 | $ 531.8 | $ 357.2 | ||
Contingent purchase price reduction receivable (Note 3) | 41.0 | 41.0 | 41.0 | ||
Other receivables | 71.1 | 71.1 | 38.1 | ||
Total receivables | 643.9 | 643.9 | 436.3 | ||
Less: Allowance for doubtful trade accounts receivable | 32.6 | 32.6 | 21.9 | ||
Total receivables, net | 611.3 | 611.3 | 414.4 | ||
Consumer Products Trade Accounts Receivable [Member]
|
|||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Trade accounts receivable | 511.9 | 511.9 | 357.2 | ||
Oil and Gas Trade Accounts Receivable [Member]
|
|||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Trade accounts receivable | $ 19.9 | $ 19.9 |
X | ||||||||||
- Definition
Contingent purchase price reduction receivable. No definition available.
|
X | ||||||||||
- Definition
Entity wide disclosure on geographic areas revenue from external customers attributed to foreign countries percentage. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Components of Inventories (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
Sep. 30, 2012
|
---|---|---|
Inventory, Net [Abstract] | ||
Raw materials | $ 108.3 | $ 58.5 |
Work-in-process | 53.4 | 23.4 |
Finished goods | 545.6 | 370.7 |
Total inventories | $ 707.3 | $ 452.6 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Components of Properties (Details) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
Sep. 30, 2012
|
---|---|---|
Property, Plant and Equipment [Line Items] | ||
Oil and Gas Properties Unproved | $ 49.8 | $ 0 |
Oil and natural gas properties (full accounting method) | 583.1 | 0 |
Less: Accumulated depletion | 18.0 | 0 |
Total oil and natural gas properties, net | 614.9 | 0 |
Total properties, at cost | 656.4 | 437.7 |
Less accumulated depreciation | 271.9 | 216.1 |
Properties, net | 384.5 | 221.6 |
Property, Plant and Equipment including Oil and Gas Property, Net | 999.4 | 221.6 |
Land, buildings and improvements [Member]
|
||
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | 160.4 | 93.6 |
Gas Gathering and Processing Equipment [Member]
|
||
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | 21.6 | |
Machinery, equipment and other [Member]
|
||
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | 431.9 | 325.7 |
Construction in progress [Member]
|
||
Property, Plant and Equipment [Line Items] | ||
Total properties, at cost | $ 42.5 | $ 18.4 |
X | ||||||||||
- Definition
OilandGasPropertiesUnproved No definition available.
|
X | ||||||||||
- Definition
Property, Plant and Equipment including Oil and Gas Property, Net No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Schedule of Other Assets (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
Sep. 30, 2012
|
---|---|---|
Other Assets: | ||
Prepaid expenses and other current assets | $ 90.5 | $ 53.1 |
Debt issuance costs | 104.7 | 50.9 |
Deferred charges and other assets | 76.7 | 68.6 |
Total other assets | $ 271.9 | $ 172.6 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Components of Accounts Payable and Other Current Liabilities (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
Sep. 30, 2012
|
---|---|---|
Accounts payable and other current liabilities: | ||
Accounts payable | $ 430.6 | $ 325.9 |
Wages and benefits | 103.7 | 110.9 |
Income taxes payable | 46.9 | 96.6 |
Accrued interest | 61.3 | 50.4 |
Accrued expenses | 158.9 | 25.1 |
Oil and natural gas revenues and royalties payable | 16.7 | |
Accrued dividends on Preferred Stock | 8.2 | 8.3 |
Restructuring and related charges | 16.7 | 6.6 |
Other | 0.4 | 130.4 |
Total accounts payable and other current liabilities | $ 843.4 | $ 754.2 |
X | ||||||||||
- Definition
Accrued expenses. No definition available.
|
X | ||||||||||
- Definition
Accrued income tax current. No definition available.
|
X | ||||||||||
- Definition
Accrued wages and related expenses. No definition available.
|
X | ||||||||||
- Definition
Oil and Gas Sales Payable and Royalties Payable, Current No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Schedule of Other Liabilities (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
Feb. 14, 2013
|
Sep. 30, 2012
|
---|---|---|---|
Other liabilities: | |||
Amounts payable for investment purchases | $ 30.9 | $ 206.7 | |
Retained asset account | 202.9 | 203.7 | |
Amounts payable to reinsurers | 47.7 | 32.0 | |
Remittances and items not allocated | 37.3 | 29.5 | |
Oil and natural gas asset-retirement obligations | 24.8 | 18.5 | 0 |
Other | 96.0 | 128.7 | |
Total other liabilities | $ 439.6 | $ 600.6 |
X | ||||||||||
- Definition
Other liability noncurrent. No definition available.
|
X | ||||||||||
- Definition
Remittances and items not allocated. No definition available.
|
X | ||||||||||
- Definition
Retained asset account. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Asset Retirement Obligations (Details) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | |
---|---|---|
Jun. 30, 2013
|
Feb. 14, 2013
|
|
Asset Retirement Obligation [Line Items] | ||
Asset Retirement Obligation, Liabilities Incurred | $ 0.1 | |
Asset Retirement Obligation, Liabilities Settled | 0 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | ||
Asset retirement obligations at inception | 0 | 18.5 |
Adjustment to liability due to acquisitions | 5.5 | |
Accretion of discount | 0.7 | |
Asset retirement obligations at end of period | 24.8 | 18.5 |
Less current portion | 1.2 | |
Long-term portion | $ 23.6 |
X | ||||||||||
- Definition
Asset Retirement Obligation, Acquisitions No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Summarization of Restructuring and Related Charges (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Charges | $ 13.2 | $ 27.7 | $ 15.9 | $ 3.9 |
HHI Business prior to Acquisition by Spectrum Brands Initiatives [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Charges | 2.3 | 5.0 | ||
Consumer products cost of goods sold classification [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Charges | 1.0 | 4.7 | 8.3 | 2.0 |
Selling, acquisition, operating and general expenses classification [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Charges | 12.2 | 23.0 | 7.6 | 1.9 |
Other initiatives [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Charges | 2.4 | 5.2 | 0.8 | 0.1 |
Global Expense Rationalization Initiatives [Member] [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Charges | 7.9 | 7.9 | 0 | 0 |
Charges Since Inception | 7.9 | |||
Expected Future Charges | 2.6 | |||
Total Projected Costs | 10.5 | |||
Expected Completion Date | Dec. 31, 2014 | |||
Global Cost Reduction Initiatives [Member]
|
||||
Restructuring Cost and Reserve [Line Items] | ||||
Restructuring and Related Charges | 2.9 | 14.6 | 15.1 | 3.8 |
Charges Since Inception | 97.7 | |||
Expected Future Charges | 6.8 | |||
Total Projected Costs | $ 104.5 | |||
Expected Completion Date | Jan. 31, 2015 |
X | ||||||||||
- Definition
Restructuring and related cost expected future charges. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Other Required Disclosures - Summarization of Remaining Accrual Balance Associated with Initiatives and Activity (Detail) (USD $)
In Millions, unless otherwise specified |
9 Months Ended | ||||
---|---|---|---|---|---|
Jun. 30, 2013
|
Jul. 01, 2012
|
||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | $ 6.6 | ||||
Provisions | 14.0 | ||||
Cash Expenditures | (4.6) | ||||
Accrual Balance at June 30, 2013 | 16.7 | ||||
Expensed as Incurred | 13.7 | [1] | |||
Non Cash Restructuring And Related Charges | 0.7 | (3.0) | |||
Other initiatives [Member]
|
|||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | 2.2 | ||||
Provisions | 1.6 | ||||
Cash Expenditures | (0.3) | ||||
Accrual Balance at June 30, 2013 | 4.2 | ||||
Expensed as Incurred | 3.6 | [1] | |||
Non Cash Restructuring And Related Charges | 0.7 | ||||
Global Expense Rationalization Initiatives [Member] [Member]
|
|||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | 0 | ||||
Provisions | 6.8 | ||||
Cash Expenditures | (0.1) | ||||
Accrual Balance at June 30, 2013 | 6.6 | ||||
Expensed as Incurred | 1.1 | [1] | |||
Non Cash Restructuring And Related Charges | 0 | ||||
Global Expense Rationalization Initiatives [Member] [Member] | Termination benefits [Member]
|
|||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | 0 | ||||
Provisions | 6.8 | ||||
Cash Expenditures | (0.1) | ||||
Accrual Balance at June 30, 2013 | 6.6 | ||||
Expensed as Incurred | 0.8 | [1] | |||
Non Cash Restructuring And Related Charges | 0 | ||||
Global Expense Rationalization Initiatives [Member] [Member] | Other costs [Member]
|
|||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | 0 | ||||
Provisions | 0 | ||||
Cash Expenditures | 0 | ||||
Accrual Balance at June 30, 2013 | 0 | ||||
Expensed as Incurred | 0.3 | [1] | |||
Non Cash Restructuring And Related Charges | 0 | ||||
Global Cost Reduction Initiatives [Member]
|
|||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | 4.4 | ||||
Provisions | 5.6 | ||||
Cash Expenditures | (4.2) | ||||
Accrual Balance at June 30, 2013 | 5.9 | ||||
Expensed as Incurred | 9.0 | [1] | |||
Non Cash Restructuring And Related Charges | 0 | ||||
Global Cost Reduction Initiatives [Member] | Termination benefits [Member]
|
|||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | 3.3 | ||||
Provisions | 5.4 | ||||
Cash Expenditures | (3.1) | ||||
Accrual Balance at June 30, 2013 | 5.6 | ||||
Expensed as Incurred | 1.2 | [1] | |||
Non Cash Restructuring And Related Charges | 0 | ||||
Global Cost Reduction Initiatives [Member] | Other costs [Member]
|
|||||
Restructuring Cost and Reserve [Line Items] | |||||
Accrual Balance at September 30, 2012 | 1.1 | ||||
Provisions | 0.2 | ||||
Cash Expenditures | (1.1) | ||||
Accrual Balance at June 30, 2013 | 0.3 | ||||
Expensed as Incurred | 7.8 | [1] | |||
Non Cash Restructuring And Related Charges | $ 0 | ||||
|
X | ||||||||||
- Definition
Total amount of non-cash restructuring, and related charges. No definition available.
|
X | ||||||||||
- Definition
Restructuring expenses incurred. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Other Required Disclosures - Additional Information (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | 3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
customer
|
Jun. 30, 2013
customer
|
Jul. 01, 2012
customer
|
Jul. 01, 2013
customer
|
Sep. 30, 2012
|
Jun. 30, 2013
HHI Business prior to Acquisition by Spectrum Brands Initiatives [Member]
|
Jun. 30, 2013
HHI Business prior to Acquisition by Spectrum Brands Initiatives [Member]
|
Jun. 30, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
Feb. 14, 2013
Salus Capital Partners L L C [Member]
Variable Interest Entity, Primary Beneficiary [Member]
|
|
Asset-backed loans | $ 430.2 | $ 430.2 | $ 180.1 | $ 175.5 | |||||
Asset-backed loans receivable | 212.0 | ||||||||
Collateralized loan obligation of consolidated VIE | 57.5 | 63.5 | |||||||
VIE, asset-baked loans receivable, portion seller interest | 62.5 | ||||||||
Entity-wide revenue, number of major customers | 1 | 1 | 1 | 1 | |||||
Retail outlet chain customer of Spectrum Brands, net sales | 17.00% | 18.00% | 23.00% | 23.00% | |||||
Retail outlet chain customer of Spectrum Brands, trade accounts | 10.00% | 13.00% | |||||||
Net sales occurred outside the United States | 37.10% | 41.40% | 44.00% | 40.00% | |||||
Shipping and handling costs | 67.0 | 183.0 | 148.4 | 48.8 | |||||
Restructuring charges | $ 13.2 | $ 27.7 | $ 15.9 | $ 3.9 | $ 2.3 | $ 5.0 |
X | ||||||||||
- Definition
Entity wide disclosure on geographic areas revenue from external customers attributed to foreign countries percentage. No definition available.
|
X | ||||||||||
- Definition
Entity-Wide Revenue, Number of Major Customers No definition available.
|
X | ||||||||||
- Definition
Entity wide trade accounts receivable major customer percentage. No definition available.
|
X | ||||||||||
- Definition
Financing Receivable Held For Investment No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable No definition available.
|
X | ||||||||||
- Definition
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable, Portion Sellers Interest No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Related Party Transactions - Additional Information (Detail) (USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |
---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
|
Related Party Transaction [Line Items] | ||||
Services Agreement advance written notice period for termination | 30 days | |||
Expenses related to Services Agreement | $ 1.2 | $ 2.1 | $ 2.0 | $ 0.7 |
Secondary offering, shares | 23,000,000 | |||
Registration Rights Agreement [Member]
|
||||
Related Party Transaction [Line Items] | ||||
Secondary offering, shares | 23,000,000 | |||
Offering cost incurred by company | $ 0.4 |
X | ||||||||||
- Definition
Common Stock Offering Issuance Costs No definition available.
|
X | ||||||||||
- Definition
Related Party Transaction Agreement Prior Written Notice Period For Termination Of Agreement No definition available.
|
X | ||||||||||
- Definition
Secondary Offering Of Common Stock No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Segment Data - Additional Information (Detail)
|
9 Months Ended |
---|---|
Jun. 30, 2013
Segment
|
|
Segment Reporting [Abstract] | |
Number of reporting segments | 4 |
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
Segment Data - Segment Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
Sep. 30, 2012
|
||||||
Revenues: | ||||||||||
Consolidated revenues | $ 1,410.6 | $ 4,044.8 | $ 3,283.9 | $ 1,012.2 | ||||||
Operating income (loss): | ||||||||||
Consolidated operating income | 182.6 | 532.0 | 289.2 | 81.5 | ||||||
Interest expense | (83.9) | (302.7) | (194.4) | (54.4) | ||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | 52.6 | 81.9 | (124.0) | (125.5) | ||||||
Gain on contingent purchase price reduction | 41.0 | |||||||||
Other income (expense), net | 4.2 | (7.7) | (26.0) | (17.5) | ||||||
Income (loss) from continuing operations before income taxes | 155.5 | 303.5 | (14.2) | (115.9) | ||||||
Total assets: | ||||||||||
Consolidated total assets | 27,365.0 | 27,365.0 | 25,200.4 | |||||||
Total cash provided from operating activities: | ||||||||||
Cash used in corporate operating activities | (84.7) | 77.7 | ||||||||
Consolidated cash provided from operating activities | 94.0 | 204.7 | ||||||||
Consumer Products [Member]
|
||||||||||
Revenues: | ||||||||||
Consolidated revenues | 1,089.8 | 2,947.8 | 2,419.9 | 824.8 | ||||||
Operating income (loss): | ||||||||||
Consolidated operating income | 115.7 | 236.1 | 234.2 | 95.2 | ||||||
Interest expense | (191.8) | |||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | ||||||||||
Gain on contingent purchase price reduction | ||||||||||
Other income (expense), net | (7.9) | (2.2) | ||||||||
Income (loss) from continuing operations before income taxes | 36.4 | 81.9 | ||||||||
Total assets: | ||||||||||
Consolidated total assets | 5,537.5 | 5,537.5 | 3,751.6 | |||||||
Total cash provided from operating activities: | ||||||||||
Total cash provided from segment operating activities | (75.6) | (61.9) | ||||||||
Insurance [Member]
|
||||||||||
Revenues: | ||||||||||
Consolidated revenues | 276.0 | 1,022.3 | 862.6 | 186.3 | ||||||
Operating income (loss): | ||||||||||
Consolidated operating income | 78.5 | 351.5 | 89.5 | (1.5) | ||||||
Interest expense | (5.9) | |||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | ||||||||||
Gain on contingent purchase price reduction | 41.0 | |||||||||
Other income (expense), net | 0.2 | |||||||||
Income (loss) from continuing operations before income taxes | 349.2 | 128.6 | ||||||||
Total assets: | ||||||||||
Consolidated total assets | 21,012.6 | 21,012.6 | 20,990.3 | |||||||
Total cash provided from operating activities: | ||||||||||
Total cash provided from segment operating activities | 230.9 | 187.4 | ||||||||
Energy Segment [Member]
|
||||||||||
Revenues: | ||||||||||
Consolidated revenues | 37.8 | 54.5 | ||||||||
Operating income (loss): | ||||||||||
Consolidated operating income | 4.8 | 5.3 | ||||||||
Interest expense | (2.8) | |||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | ||||||||||
Gain on contingent purchase price reduction | ||||||||||
Other income (expense), net | 0.8 | |||||||||
Income (loss) from continuing operations before income taxes | (0.1) | |||||||||
Total assets: | ||||||||||
Consolidated total assets | 685.5 | 685.5 | ||||||||
Total cash provided from operating activities: | ||||||||||
Total cash provided from segment operating activities | 20.8 | 0 | ||||||||
Other Financial Services [Member]
|
||||||||||
Revenues: | ||||||||||
Consolidated revenues | 10.2 | 29.5 | 2.1 | 1.7 | ||||||
Operating income (loss): | ||||||||||
Consolidated operating income | 4.1 | 16.6 | (0.5) | 0.5 | ||||||
Interest expense | ||||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | ||||||||||
Gain on contingent purchase price reduction | ||||||||||
Other income (expense), net | (0.9) | |||||||||
Income (loss) from continuing operations before income taxes | 9.1 | (1.2) | ||||||||
Total assets: | ||||||||||
Consolidated total assets | 316.9 | 316.9 | 195.1 | |||||||
Total cash provided from operating activities: | ||||||||||
Total cash provided from segment operating activities | 2.6 | 1.5 | ||||||||
Total segments [Member]
|
||||||||||
Operating income (loss): | ||||||||||
Consolidated operating income | 200.1 | 600.2 | 322.5 | 93.6 | ||||||
Total assets: | ||||||||||
Consolidated total assets | 27,212.1 | 27,212.1 | 24,754.9 | |||||||
Total cash provided from operating activities: | ||||||||||
Total cash provided from segment operating activities | 178.7 | 127.0 | ||||||||
Intersegment elimination [Member]
|
||||||||||
Revenues: | ||||||||||
Consolidated revenues | (3.2) | (9.3) | (0.7) | (0.6) | ||||||
Operating income (loss): | ||||||||||
Consolidated operating income | (3.0) | (9.3) | (0.7) | (0.6) | ||||||
Interest expense | (139.9) | |||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | ||||||||||
Gain on contingent purchase price reduction | ||||||||||
Other income (expense), net | ||||||||||
Income (loss) from continuing operations before income taxes | (238.2) | (139.9) | ||||||||
Total assets: | ||||||||||
Consolidated total assets | (340.4) | (340.4) | (182.1) | |||||||
Corporate expenses [Member]
|
||||||||||
Revenues: | ||||||||||
Consolidated revenues | ||||||||||
Operating income (loss): | ||||||||||
Consolidated operating income | (17.5) | [1] | (68.2) | (33.3) | [1] | (12.1) | [1] | |||
Interest expense | (102.2) | 139.9 | ||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | 81.9 | (124.0) | ||||||||
Gain on contingent purchase price reduction | ||||||||||
Other income (expense), net | 0.1 | (23.8) | ||||||||
Income (loss) from continuing operations before income taxes | 147.1 | (83.6) | ||||||||
Total assets: | ||||||||||
Consolidated total assets | 2,241.5 | 2,241.5 | 2,303.7 | |||||||
Total cash provided from operating activities: | ||||||||||
Start-up costs | 0 | 0.9 | 1.7 | 0.9 | ||||||
Acquisition related cost | 0.9 | 12.0 | 6.9 | 0.3 | ||||||
Corporate assets [Member]
|
||||||||||
Total assets: | ||||||||||
Consolidated total assets | $ 152.9 | $ 152.9 | $ 445.5 | |||||||
|
X | ||||||||||
- Definition
Cash Provided From Segment Operating Activities No definition available.
|
X | ||||||||||
- Definition
Cash Used In Corporate Operating Activities No definition available.
|
X | ||||||||||
- Definition
Income from contingent purchase price reduction. No definition available.
|
X | ||||||||||
- Definition
Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Start-up Costs. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Consolidating Financial Information - Schedule of Balance Sheet Information (Detail) (USD $)
In Millions, unless otherwise specified |
Jun. 30, 2013
|
Sep. 30, 2012
|
Jan. 01, 2012
|
Sep. 30, 2011
|
---|---|---|---|---|
Assets: | ||||
Investments | $ 16,600.5 | $ 16,918.4 | ||
Cash and cash equivalents | 1,243.7 | 1,470.7 | 1,832.8 | 1,137.4 |
Receivables, net | 611.3 | 414.4 | ||
Inventories, net | 707.3 | 452.6 | ||
Accrued investment income | 159.9 | 191.6 | ||
Reinsurance recoverable | 2,371.0 | 2,363.1 | ||
Deferred tax assets | 279.9 | 312.7 | ||
Properties, including oil and natural gas properties, net | 999.4 | 221.6 | ||
Goodwill | 1,470.2 | 694.2 | ||
Intangibles, including DAC and VOBA, net | 2,649.9 | 1,988.5 | ||
Other assets | 271.9 | 172.6 | ||
Total assets | 27,365.0 | 25,200.4 | ||
Liabilities and Equity: | ||||
Debt | 4,513.5 | 2,150.6 | ||
Accounts payable and other current liabilities | 430.6 | 325.9 | ||
Equity conversion feature of preferred stock | 147.3 | 232.0 | ||
Employee benefit obligations | 114.1 | 95.1 | ||
Deferred tax liabilities | 508.4 | 382.4 | ||
Other liabilities | 439.6 | 600.6 | ||
Total liabilities | 25,632.3 | 23,282.3 | ||
Temporary equity | 325.4 | 319.2 | ||
Total stockholders' equity | 985.4 | 1,177.6 | ||
Noncontrolling interests | 421.9 | 421.3 | ||
Total permanent equity | 1,407.3 | 1,598.9 | ||
Total liabilities and equity | 27,365.0 | 25,200.4 | ||
Consumer Products [Member]
|
||||
Assets: | ||||
Investments | ||||
Investments in subsidiaries and affiliates | ||||
Affiliated loans and receivables | ||||
Cash and cash equivalents | 99.0 | 158.0 | ||
Receivables, net | 542.1 | 373.4 | ||
Inventories, net | 707.3 | 452.6 | ||
Accrued investment income | ||||
Reinsurance recoverable | ||||
Deferred tax assets | 21.3 | 28.2 | ||
Properties, including oil and natural gas properties, net | 355.2 | 214.0 | ||
Goodwill | 1,470.2 | 694.2 | ||
Intangibles, including DAC and VOBA, net | 2,169.4 | 1,715.0 | ||
Other assets | 173.0 | 116.2 | ||
Total assets | 5,537.5 | 3,751.6 | ||
Liabilities and Equity: | ||||
Insurance reserves | ||||
Debt | 3,226.1 | 1,669.3 | ||
Accounts payable and other current liabilities | 704.3 | 594.2 | ||
Equity conversion feature of preferred stock | ||||
Employee benefit obligations | 109.3 | 90.0 | ||
Deferred tax liabilities | 503.5 | 377.5 | ||
Other liabilities | 24.8 | 31.6 | ||
Affiliated debt and payables | ||||
Total liabilities | 4,568.0 | 2,762.6 | ||
Temporary equity | ||||
Total stockholders' equity | 547.2 | 567.7 | ||
Noncontrolling interests | 422.3 | 421.3 | ||
Total permanent equity | 969.5 | 989.0 | ||
Total liabilities and equity | 5,537.5 | 3,751.6 | ||
Insurance [Member]
|
||||
Assets: | ||||
Investments | 16,298.5 | 16,556.7 | ||
Investments in subsidiaries and affiliates | 62.0 | 32.0 | ||
Affiliated loans and receivables | 277.2 | 150.1 | ||
Cash and cash equivalents | 1,003.0 | 1,054.6 | ||
Receivables, net | 41.0 | 41.0 | ||
Inventories, net | ||||
Accrued investment income | 158.1 | 191.6 | ||
Reinsurance recoverable | 2,371.0 | 2,363.1 | ||
Deferred tax assets | 253.7 | 279.6 | ||
Properties, including oil and natural gas properties, net | 7.0 | 6.9 | ||
Goodwill | ||||
Intangibles, including DAC and VOBA, net | 480.5 | 273.5 | ||
Other assets | 60.6 | 41.2 | ||
Total assets | 21,012.6 | 20,990.3 | ||
Liabilities and Equity: | ||||
Insurance reserves | 19,025.2 | 19,051.0 | ||
Debt | 300.0 | |||
Accounts payable and other current liabilities | 27.4 | 93.2 | ||
Equity conversion feature of preferred stock | ||||
Employee benefit obligations | ||||
Deferred tax liabilities | ||||
Other liabilities | 373.1 | 555.3 | ||
Affiliated debt and payables | 1.2 | |||
Total liabilities | 19,726.9 | 19,699.5 | ||
Temporary equity | ||||
Total stockholders' equity | 1,285.7 | 1,290.8 | ||
Noncontrolling interests | ||||
Total permanent equity | 1,285.7 | 1,290.8 | ||
Total liabilities and equity | 21,012.6 | 20,990.3 | ||
Energy Segment [Member]
|
||||
Assets: | ||||
Investments | ||||
Investments in subsidiaries and affiliates | ||||
Affiliated loans and receivables | ||||
Cash and cash equivalents | 16.5 | |||
Receivables, net | 27.7 | |||
Inventories, net | ||||
Accrued investment income | ||||
Reinsurance recoverable | ||||
Deferred tax assets | ||||
Properties, including oil and natural gas properties, net | 636.0 | |||
Goodwill | ||||
Intangibles, including DAC and VOBA, net | ||||
Other assets | 5.3 | |||
Total assets | 685.5 | |||
Liabilities and Equity: | ||||
Insurance reserves | ||||
Debt | 274.9 | |||
Accounts payable and other current liabilities | 31.6 | |||
Equity conversion feature of preferred stock | ||||
Employee benefit obligations | ||||
Deferred tax liabilities | ||||
Other liabilities | 25.7 | |||
Affiliated debt and payables | 103.4 | |||
Total liabilities | 435.6 | |||
Temporary equity | ||||
Total stockholders' equity | 249.9 | |||
Noncontrolling interests | ||||
Total permanent equity | 249.9 | |||
Total liabilities and equity | 685.5 | |||
Other Financial Services [Member]
|
||||
Assets: | ||||
Investments | 268.0 | 180.1 | ||
Investments in subsidiaries and affiliates | ||||
Affiliated loans and receivables | 1.2 | |||
Cash and cash equivalents | 37.2 | 12.4 | ||
Receivables, net | 0.5 | |||
Inventories, net | ||||
Accrued investment income | 1.8 | |||
Reinsurance recoverable | ||||
Deferred tax assets | ||||
Properties, including oil and natural gas properties, net | 0.6 | 0.4 | ||
Goodwill | ||||
Intangibles, including DAC and VOBA, net | ||||
Other assets | 7.6 | 2.2 | ||
Total assets | 316.9 | 195.1 | ||
Liabilities and Equity: | ||||
Insurance reserves | ||||
Debt | 57.5 | |||
Accounts payable and other current liabilities | 3.3 | |||
Equity conversion feature of preferred stock | ||||
Employee benefit obligations | ||||
Deferred tax liabilities | ||||
Other liabilities | 14.9 | 13.3 | ||
Affiliated debt and payables | 173.8 | 150.1 | ||
Total liabilities | 249.5 | 163.4 | ||
Temporary equity | ||||
Total stockholders' equity | 67.8 | 31.7 | ||
Noncontrolling interests | (0.4) | |||
Total permanent equity | 67.4 | 31.7 | ||
Total liabilities and equity | 316.9 | 195.1 | ||
Corporate and Other [Member]
|
||||
Assets: | ||||
Investments | 34.0 | 181.6 | ||
Investments in subsidiaries and affiliates | 2,088.6 | 1,858.2 | ||
Affiliated loans and receivables | ||||
Cash and cash equivalents | 88.0 | 245.7 | ||
Receivables, net | ||||
Inventories, net | ||||
Accrued investment income | ||||
Reinsurance recoverable | ||||
Deferred tax assets | 4.9 | 4.9 | ||
Properties, including oil and natural gas properties, net | 0.6 | 0.3 | ||
Goodwill | ||||
Intangibles, including DAC and VOBA, net | ||||
Other assets | 25.4 | 13.0 | ||
Total assets | 2,241.5 | 2,303.7 | ||
Liabilities and Equity: | ||||
Insurance reserves | ||||
Debt | 695.8 | 497.7 | ||
Accounts payable and other current liabilities | 76.8 | 66.8 | ||
Equity conversion feature of preferred stock | 147.3 | 232.0 | ||
Employee benefit obligations | 4.8 | 5.1 | ||
Deferred tax liabilities | 4.9 | 4.9 | ||
Other liabilities | 1.1 | 0.4 | ||
Affiliated debt and payables | ||||
Total liabilities | 930.7 | 806.9 | ||
Temporary equity | 325.4 | 319.2 | ||
Total stockholders' equity | 985.4 | 1,177.6 | ||
Noncontrolling interests | ||||
Total permanent equity | 985.4 | 1,177.6 | ||
Total liabilities and equity | 2,241.5 | 2,303.7 | ||
Consolidation, Eliminations [Member]
|
||||
Assets: | ||||
Investments | ||||
Investments in subsidiaries and affiliates | (2,150.6) | (1,890.2) | ||
Affiliated loans and receivables | (278.4) | (150.1) | ||
Cash and cash equivalents | ||||
Receivables, net | ||||
Inventories, net | ||||
Accrued investment income | ||||
Reinsurance recoverable | ||||
Deferred tax assets | ||||
Properties, including oil and natural gas properties, net | ||||
Goodwill | ||||
Intangibles, including DAC and VOBA, net | ||||
Other assets | ||||
Total assets | (2,429.0) | (2,040.3) | ||
Liabilities and Equity: | ||||
Insurance reserves | ||||
Debt | ||||
Accounts payable and other current liabilities | ||||
Equity conversion feature of preferred stock | ||||
Employee benefit obligations | ||||
Deferred tax liabilities | ||||
Other liabilities | ||||
Affiliated debt and payables | (278.4) | (150.1) | ||
Total liabilities | (278.4) | (150.1) | ||
Temporary equity | ||||
Total stockholders' equity | (2,150.6) | (1,890.2) | ||
Noncontrolling interests | ||||
Total permanent equity | (2,150.6) | (1,890.2) | ||
Total liabilities and equity | (2,429.0) | (2,040.3) | ||
Consolidated Entities [Member]
|
||||
Assets: | ||||
Investments | 16,600.5 | 16,918.4 | ||
Investments in subsidiaries and affiliates | ||||
Affiliated loans and receivables | ||||
Cash and cash equivalents | 1,243.7 | 1,470.7 | ||
Receivables, net | 611.3 | 414.4 | ||
Inventories, net | 707.3 | 452.6 | ||
Accrued investment income | 159.9 | 191.6 | ||
Reinsurance recoverable | 2,371.0 | 2,363.1 | ||
Deferred tax assets | 279.9 | 312.7 | ||
Properties, including oil and natural gas properties, net | 999.4 | 221.6 | ||
Goodwill | 1,470.2 | 694.2 | ||
Intangibles, including DAC and VOBA, net | 2,649.9 | 1,988.5 | ||
Other assets | 271.9 | 172.6 | ||
Total assets | 27,365.0 | 25,200.4 | ||
Liabilities and Equity: | ||||
Insurance reserves | 19,025.2 | 19,051.0 | ||
Debt | 4,554.3 | 2,167.0 | ||
Accounts payable and other current liabilities | 843.4 | 754.2 | ||
Equity conversion feature of preferred stock | 147.3 | 232.0 | ||
Employee benefit obligations | 114.1 | 95.1 | ||
Deferred tax liabilities | 508.4 | 382.4 | ||
Other liabilities | 439.6 | 600.6 | ||
Affiliated debt and payables | ||||
Total liabilities | 25,632.3 | 23,282.3 | ||
Temporary equity | 325.4 | 319.2 | ||
Total stockholders' equity | 985.4 | 1,177.6 | ||
Noncontrolling interests | 421.9 | 421.3 | ||
Total permanent equity | 1,407.3 | 1,598.9 | ||
Total liabilities and equity | $ 27,365.0 | $ 25,200.4 |
X | ||||||||||
- Definition
Represents the fair value of the bifurcated conversion option for the preferred stock. No definition available.
|
X | ||||||||||
- Definition
Property, Plant and Equipment including Oil and Gas Property, Net No definition available.
|
X | ||||||||||
- Definition
Total Insurance Reserves No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
X | ||||||||||
- Definition
No authoritative reference available. No definition available.
|
Consolidating Financial Information - Schedule of Income Statement Information (Detail) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | 15 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2013
|
Jun. 30, 2013
|
Jul. 01, 2012
|
Jul. 01, 2013
|
||||||
Revenues: | |||||||||
Net consumer product sales | $ 1,089.8 | $ 2,947.8 | $ 2,419.9 | $ 824.8 | |||||
Oil and natural gas | 37.8 | 54.5 | |||||||
Insurance premiums | 19.0 | 46.9 | 42.2 | 12.1 | |||||
Net investment income | 189.6 | 539.7 | 539.0 | 179.2 | |||||
Net investment gains (losses) | 58.3 | 411.5 | 254.6 | (12.9) | |||||
Insurance and investment product fees and other | 16.1 | 44.4 | 28.2 | 9.0 | |||||
Total revenues | 1,410.6 | 4,044.8 | 3,283.9 | 1,012.2 | |||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | 707.0 | 1,954.0 | 1,584.1 | 533.1 | |||||
Oil and natural gas direct operating costs | 18.1 | 26.9 | |||||||
Benefits and other changes in policy reserves | 107.2 | 431.7 | 559.7 | 141.0 | |||||
Selling, acquisition, operating and general expenses | 310.7 | 879.6 | 692.4 | 213.6 | |||||
Amortization of intangibles | 85.0 | 220.6 | 158.5 | 43.0 | |||||
Total operating costs and expenses | 1,228.0 | 3,512.8 | 2,994.7 | 930.7 | |||||
Operating income | 182.6 | 532.0 | 289.2 | 81.5 | |||||
Interest expense | (83.9) | (302.7) | (194.4) | (54.4) | |||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | 52.6 | 81.9 | (124.0) | (125.5) | |||||
Gain on contingent purchase price reduction | 41.0 | ||||||||
Other income (expense), net | 4.2 | (7.7) | (26.0) | (17.5) | |||||
Income (loss) from continuing operations before income taxes | 155.5 | 303.5 | (14.2) | (115.9) | |||||
Income tax expense (benefit) | 36.8 | 167.2 | 50.6 | (5.8) | |||||
Net income (loss) | 118.7 | 136.3 | (64.8) | (110.1) | |||||
Less: Net income (loss) attributable to noncontrolling interest | 15.1 | (8.1) | 18.8 | 25.0 | |||||
Net income (loss) attributable to controlling interest | 103.6 | 144.4 | (83.6) | (135.1) | |||||
Less: Preferred stock dividends and accretion | 12.0 | 36.3 | 45.6 | 14.0 | |||||
Net income (loss) attributable to common and participating preferred stockholders | 91.6 | 108.1 | (129.2) | (149.1) | |||||
Consumer Products [Member]
|
|||||||||
Revenues: | |||||||||
Net consumer product sales | 2,947.8 | 2,419.9 | |||||||
Oil and natural gas | |||||||||
Insurance premiums | |||||||||
Net investment income | |||||||||
Net investment gains (losses) | |||||||||
Insurance and investment product fees and other | |||||||||
Total revenues | 1,089.8 | 2,947.8 | 2,419.9 | 824.8 | |||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | 1,954.0 | 1,584.1 | |||||||
Oil and natural gas direct operating costs | |||||||||
Benefits and other changes in policy reserves | |||||||||
Selling, acquisition, operating and general expenses | 700.2 | 555.1 | |||||||
Amortization of intangibles | 57.5 | 46.5 | |||||||
Total operating costs and expenses | 2,711.7 | 2,185.7 | |||||||
Operating income | 115.7 | 236.1 | 234.2 | 95.2 | |||||
Equity in net income (losses) of subsidiaries | |||||||||
Interest expense | (191.8) | ||||||||
Affiliated interest income | (150.1) | ||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | |||||||||
Gain on contingent purchase price reduction | |||||||||
Other income (expense), net | (7.9) | (2.2) | |||||||
Income (loss) from continuing operations before income taxes | 36.4 | 81.9 | |||||||
Income tax expense (benefit) | 54.9 | 38.8 | |||||||
Net income (loss) | (18.5) | 43.1 | |||||||
Less: Net income (loss) attributable to noncontrolling interest | (8.5) | 18.8 | |||||||
Net income (loss) attributable to controlling interest | (10.0) | 24.3 | |||||||
Less: Preferred stock dividends and accretion | |||||||||
Net income (loss) attributable to common and participating preferred stockholders | (10.0) | 24.3 | |||||||
Insurance [Member]
|
|||||||||
Revenues: | |||||||||
Net consumer product sales | |||||||||
Oil and natural gas | |||||||||
Insurance premiums | 46.9 | 42.2 | |||||||
Net investment income | 519.5 | 537.6 | |||||||
Net investment gains (losses) | 411.5 | 254.6 | |||||||
Insurance and investment product fees and other | 44.4 | 28.2 | |||||||
Total revenues | 276.0 | 1,022.3 | 862.6 | 186.3 | |||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | |||||||||
Oil and natural gas direct operating costs | |||||||||
Benefits and other changes in policy reserves | 431.7 | 559.7 | |||||||
Selling, acquisition, operating and general expenses | 76.0 | 101.4 | |||||||
Amortization of intangibles | 163.1 | 112.0 | |||||||
Total operating costs and expenses | 670.8 | 773.1 | |||||||
Operating income | 78.5 | 351.5 | 89.5 | (1.5) | |||||
Equity in net income (losses) of subsidiaries | |||||||||
Interest expense | (5.9) | ||||||||
Affiliated interest income | 3.4 | (1.9) | |||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | |||||||||
Gain on contingent purchase price reduction | 41.0 | ||||||||
Other income (expense), net | 0.2 | ||||||||
Income (loss) from continuing operations before income taxes | 349.2 | 128.6 | |||||||
Income tax expense (benefit) | 112.1 | 11.8 | |||||||
Net income (loss) | 237.1 | 116.8 | |||||||
Less: Net income (loss) attributable to noncontrolling interest | |||||||||
Net income (loss) attributable to controlling interest | 237.1 | 116.8 | |||||||
Less: Preferred stock dividends and accretion | |||||||||
Net income (loss) attributable to common and participating preferred stockholders | 237.1 | 116.8 | |||||||
Energy Segment [Member]
|
|||||||||
Revenues: | |||||||||
Net consumer product sales | |||||||||
Oil and natural gas | 54.5 | ||||||||
Insurance premiums | |||||||||
Net investment income | |||||||||
Net investment gains (losses) | |||||||||
Insurance and investment product fees and other | |||||||||
Total revenues | 37.8 | 54.5 | |||||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | |||||||||
Oil and natural gas direct operating costs | 26.9 | ||||||||
Benefits and other changes in policy reserves | |||||||||
Selling, acquisition, operating and general expenses | 22.3 | ||||||||
Amortization of intangibles | |||||||||
Total operating costs and expenses | 49.2 | ||||||||
Operating income | 4.8 | 5.3 | |||||||
Equity in net income (losses) of subsidiaries | |||||||||
Interest expense | (2.8) | ||||||||
Affiliated interest income | (3.4) | ||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | |||||||||
Gain on contingent purchase price reduction | |||||||||
Other income (expense), net | 0.8 | ||||||||
Income (loss) from continuing operations before income taxes | (0.1) | ||||||||
Income tax expense (benefit) | |||||||||
Net income (loss) | (0.1) | ||||||||
Less: Net income (loss) attributable to noncontrolling interest | |||||||||
Net income (loss) attributable to controlling interest | (0.1) | ||||||||
Less: Preferred stock dividends and accretion | |||||||||
Net income (loss) attributable to common and participating preferred stockholders | (0.1) | ||||||||
Other Financial Services [Member]
|
|||||||||
Revenues: | |||||||||
Net consumer product sales | |||||||||
Oil and natural gas | |||||||||
Insurance premiums | |||||||||
Net investment income | 27.8 | 2.1 | |||||||
Net investment gains (losses) | |||||||||
Insurance and investment product fees and other | 1.7 | ||||||||
Total revenues | 10.2 | 29.5 | 2.1 | 1.7 | |||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | |||||||||
Oil and natural gas direct operating costs | |||||||||
Benefits and other changes in policy reserves | |||||||||
Selling, acquisition, operating and general expenses | 12.9 | 2.6 | |||||||
Amortization of intangibles | |||||||||
Total operating costs and expenses | 12.9 | 2.6 | |||||||
Operating income | 4.1 | 16.6 | (0.5) | 0.5 | |||||
Equity in net income (losses) of subsidiaries | (0.7) | ||||||||
Interest expense | |||||||||
Affiliated interest income | (6.6) | ||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | |||||||||
Gain on contingent purchase price reduction | |||||||||
Other income (expense), net | (0.9) | ||||||||
Income (loss) from continuing operations before income taxes | 9.1 | (1.2) | |||||||
Income tax expense (benefit) | 0.2 | ||||||||
Net income (loss) | 8.9 | (1.2) | |||||||
Less: Net income (loss) attributable to noncontrolling interest | 0.4 | ||||||||
Net income (loss) attributable to controlling interest | 8.5 | (1.2) | |||||||
Less: Preferred stock dividends and accretion | |||||||||
Net income (loss) attributable to common and participating preferred stockholders | 8.5 | (1.2) | |||||||
Corporate and Other [Member]
|
|||||||||
Revenues: | |||||||||
Net consumer product sales | |||||||||
Oil and natural gas | |||||||||
Insurance premiums | |||||||||
Net investment income | |||||||||
Net investment gains (losses) | |||||||||
Insurance and investment product fees and other | |||||||||
Total revenues | |||||||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | |||||||||
Oil and natural gas direct operating costs | |||||||||
Benefits and other changes in policy reserves | |||||||||
Selling, acquisition, operating and general expenses | 68.2 | 33.3 | |||||||
Amortization of intangibles | |||||||||
Total operating costs and expenses | 68.2 | 33.3 | |||||||
Operating income | (17.5) | [1] | (68.2) | (33.3) | [1] | (12.1) | [1] | ||
Equity in net income (losses) of subsidiaries | 235.5 | ||||||||
Interest expense | (102.2) | 139.9 | |||||||
Affiliated interest income | (42.4) | ||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | 81.9 | (124.0) | |||||||
Gain on contingent purchase price reduction | |||||||||
Other income (expense), net | 0.1 | (23.8) | |||||||
Income (loss) from continuing operations before income taxes | 147.1 | (83.6) | |||||||
Income tax expense (benefit) | |||||||||
Net income (loss) | 147.1 | (83.6) | |||||||
Less: Net income (loss) attributable to noncontrolling interest | |||||||||
Net income (loss) attributable to controlling interest | 147.1 | (83.6) | |||||||
Less: Preferred stock dividends and accretion | 36.3 | 45.6 | |||||||
Net income (loss) attributable to common and participating preferred stockholders | 110.8 | (129.2) | |||||||
Intersegment elimination [Member]
|
|||||||||
Revenues: | |||||||||
Net consumer product sales | |||||||||
Oil and natural gas | |||||||||
Insurance premiums | |||||||||
Net investment income | (7.6) | (0.7) | |||||||
Net investment gains (losses) | |||||||||
Insurance and investment product fees and other | (1.7) | ||||||||
Total revenues | (3.2) | (9.3) | (0.7) | (0.6) | |||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | |||||||||
Oil and natural gas direct operating costs | |||||||||
Benefits and other changes in policy reserves | |||||||||
Selling, acquisition, operating and general expenses | |||||||||
Amortization of intangibles | |||||||||
Total operating costs and expenses | |||||||||
Operating income | (3.0) | (9.3) | (0.7) | (0.6) | |||||
Equity in net income (losses) of subsidiaries | (235.5) | 0.7 | |||||||
Interest expense | (139.9) | ||||||||
Affiliated interest income | 6.6 | ||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | |||||||||
Gain on contingent purchase price reduction | |||||||||
Other income (expense), net | |||||||||
Income (loss) from continuing operations before income taxes | (238.2) | (139.9) | |||||||
Income tax expense (benefit) | |||||||||
Net income (loss) | (238.2) | (139.9) | |||||||
Less: Net income (loss) attributable to noncontrolling interest | |||||||||
Net income (loss) attributable to controlling interest | (238.2) | (139.9) | |||||||
Less: Preferred stock dividends and accretion | |||||||||
Net income (loss) attributable to common and participating preferred stockholders | (238.2) | (139.9) | |||||||
Consolidated Entities [Member]
|
|||||||||
Revenues: | |||||||||
Net consumer product sales | 2,947.8 | 2,419.9 | |||||||
Oil and natural gas | 54.5 | ||||||||
Insurance premiums | 46.9 | 42.2 | |||||||
Net investment income | 539.7 | 539.0 | |||||||
Net investment gains (losses) | 411.5 | 254.6 | |||||||
Insurance and investment product fees and other | 44.4 | 28.2 | |||||||
Total revenues | 4,044.8 | 3,283.9 | |||||||
Operating costs and expenses: | |||||||||
Consumer products cost of goods sold | 1,954.0 | 1,584.1 | |||||||
Oil and natural gas direct operating costs | 26.9 | ||||||||
Benefits and other changes in policy reserves | 431.7 | 559.7 | |||||||
Selling, acquisition, operating and general expenses | 879.6 | 692.4 | |||||||
Amortization of intangibles | 220.6 | 158.5 | |||||||
Total operating costs and expenses | 3,512.8 | 2,994.7 | |||||||
Operating income | 532.0 | 289.2 | |||||||
Equity in net income (losses) of subsidiaries | |||||||||
Interest expense | (302.7) | ||||||||
Affiliated interest income | (194.4) | ||||||||
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock | 81.9 | (124.0) | |||||||
Gain on contingent purchase price reduction | 41.0 | ||||||||
Other income (expense), net | (7.7) | (26.0) | |||||||
Income (loss) from continuing operations before income taxes | 303.5 | (14.2) | |||||||
Income tax expense (benefit) | 167.2 | 50.6 | |||||||
Net income (loss) | 136.3 | (64.8) | |||||||
Less: Net income (loss) attributable to noncontrolling interest | (8.1) | 18.8 | |||||||
Net income (loss) attributable to controlling interest | 144.4 | (83.6) | |||||||
Less: Preferred stock dividends and accretion | 36.3 | 45.6 | |||||||
Net income (loss) attributable to common and participating preferred stockholders | $ 108.1 | $ (129.2) | |||||||
|
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Income from contingent purchase price reduction. No definition available.
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Increase decrease in fair value of equity conversion feature of preferred stock. No definition available.
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Interest Income From Affiliates No definition available.
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The portion of profit or loss for the period, net of income taxes, which is attributable to common and participating preferred stockholders. No definition available.
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Subsequent Events - Additional Information (Detail) (7.875% Senior Secured Notes, due July 15, 2019 [Member], HGI [Member], USD $)
|
Jul. 23, 2013
|
Jun. 30, 2013
|
Dec. 30, 2012
|
Sep. 30, 2012
|
---|---|---|---|---|
7.875% Senior Secured Notes, due July 15, 2019 [Member] | HGI [Member]
|
||||
Subsequent Event [Line Items] | ||||
Debt Instrument, Face Amount | $ 225,000,000 | $ 700,000,000.0 | ||
Long-term debt, interest rate | 7.875% | 7.875% | 7.875% | |
Long-term debt, percentage | 101.50% | 99.36% |
X | ||||||||||
- Definition
Debt Instrument Issue Price As Percentage Of Principle Amount No definition available.
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- Definition
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- Definition
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- Details
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