$ 1,137.8

$ 1,089.8

$ 987.7

$ 870.3

$ 832.6

$ 824.8

$ 746.2

$ 848.8

$ 4,085.6

$ 3,252.4

$ 3,186.9

90.2

58.8

55.3

39.0

734.7

722.7

369.8

511.6

410.0

(166.9)

62.5

40.3

48.9

5,543.4

4,480.7

3,477.7

^[1]

2,695.3

2,136.8

2,058.0

44.0

Selling, acquisition, operating and general expenses

531.8

777.4

247.6

1,220.5

932.7

961.8

54.3

260.1

224.3

46.6

4,806.0

4,071.2

3,314.0

205.4

182.6

134.0

215.4

120.3

81.4

96.0

111.8

737.4

409.5

163.7

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(511.9)

(251.0)

(249.3)

(101.6)

(156.6)

27.9

158.3

41.0

Income from continuing operations before income taxes

(5.6)

(17.5)

(42.7)

118.3

25.4

57.9

187.3

(85.3)

50.6

Less: Net (loss) income attributable to noncontrolling interest

(69.0)

110.7

7.3

(23.2)

21.2

(34.7)

Net (loss) income attributable to controlling interest

(45.8)

89.5

42.0

Net (loss) income attributable to common and participating preferred stockholders

48.4

59.6

19.8

$ (202.3)

$ 91.6

$ (45.5)

$ 62.0

$ 159.1

$ (149.1)

$ (3.9)

$ 23.8

$ (94.2)

$ 29.9

$ 22.2

Net (loss) income per common share attributable to controlling interest:

$ (1.45)

$ 0.45

$ (0.33)

$ 0.31

$ 0.79

$ (1.07)

$ (0.02)

$ 0.12

$ (0.67)

$ 0.15

$ 0.11

^[1]

$ (1.45)

$ 0.25

$ (0.33)

$ 0.03

$ 0.78

$ (1.07)

$ (0.02)

$ 0.06

$ (0.67)

$ 0.15

$ 0.09

^[1]

[1]

Reported revenues and net income for Fiscal 2011 include the actual reported results of FGH for the approximate six month period subsequent to April 6, 2011. Reported net income also includes the $158.3 non-recurring bargain purchase gain which was recorded as of the FGL Acquisition Date, and reflects the retrospective measurement period adjustments disclosed above.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Statement of Stockholders' Equity [Abstract]
Net (loss) income	$ (69.0)	$ 110.7	$ 7.3
Other comprehensive (loss) income:
Foreign currency translation losses	(6.6)	(8.6)	(10.6)
Net unrealized (loss) gain on derivative instruments
Changes in derivative instruments before reclassification adjustment	(2.0)	(1.8)	(6.0)
Net reclassification adjustment for (gains) losses included in net income	(0.9)	3.1	13.4
Changes in derivative instruments after reclassification adjustment	(2.9)	1.3	7.4
Changes in deferred income tax asset/liability	(0.2)	(0.7)	(2.7)
Deferred tax valuation allowance adjustments	0.6	0.9	(0.3)
Net unrealized (loss) gain on derivative instruments	(2.5)	1.5	4.4
Actuarial adjustments to pension plans
Changes in actuarial adjustments before reclassification adjustment	9.6	(15.4)	(7.6)
Net reclassification adjustment for losses included in cost of goods sold	1.6	0.9
Net reclassification adjustment for gains included in selling and general and administrative expenses	(0.2)
Changes in actuarial adjustments to pension plans	11.0	(14.5)	(7.6)
Changes in deferred income tax asset/liability	(5.1)	3.6	2.0
Deferred tax valuation allowance adjustments	(0.1)	(0.8)	3.5
Net actuarial adjustments to pension plans	5.8	(11.7)	(2.1)
Unrealized investment (losses) gains:
Changes in unrealized investment (losses) gains before reclassification adjustment	(490.5)	906.5	420.9
Net reclassification adjustment for gains included in net income	(333.4)	(263.9)	(3.9)
Changes in unrealized investment (losses) gains after reclassification adjustment	(823.9)	642.6	417.0
Adjustments to intangible assets	327.3	(218.5)	(172.0)
Changes in deferred income tax asset/liability	173.1	(148.5)	(85.7)
Net unrealized (loss) gain on investments	(323.5)	275.6	159.3
Non-credit related other-than-temporary impairment:
Changes in non-credit related other-than-temporary impairment		(1.5)	0.5
Adjustments to intangible assets		0.6	(0.2)
Changes in deferred income tax asset/liability	0	0.3	(0.1)
Net change to derive comprehensive (loss) income for the period		(0.6)	0.2
Net change to derive comprehensive (loss) income for the period	(326.8)	256.2	151.2
Comprehensive (loss) income	(395.8)	366.9	158.5
Less: Comprehensive (loss) income attributable to the noncontrolling interest:
Net (loss) income	(23.2)	21.2	(34.7)
Other comprehensive loss	(2.2)	(8.6)	(3.7)
Total comprehensive income (loss)	(25.4)	12.6	(38.4)
Comprehensive (loss) income attributable to the controlling interest	$ (370.4)	$ 354.3	$ 196.9

CONSOLIDATED STATEMENTS OF PERMANENT EQUITY (USD $) In Millions, except Share data, unless otherwise specified	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Total Stockholder’s Equity	Noncontrolling Interest
Permanent equity, beginning balance at Sep. 30, 2010	$ 1,177.9	$ 1.4	$ 855.8	$ (150.3)	$ (5.2)	$ 701.7	$ 476.2
Common stock, shares issued, beginning balance at Sep. 30, 2010		139,200,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	7.3			42.0		42.0	(34.7)
Unrealized investment gains, net	159.3				159.3	159.3
Non-credit related other-than-temporary impairments	0.2				0.2	0.2
Other unrealized gains	4.4				2.3	2.3	2.1
Actuarial adjustments to pension plans	(2.1)				(1.7)	(1.7)	(0.4)
Translation adjustment	(10.6)				(5.2)	(5.2)	(5.4)
Comprehensive (loss) income	158.5					196.9	(38.4)
Issuance (purchase) of subsidiary stock	26.4		(0.4)		(0.3)	(0.7)	27.1
Exercise of stock options, shares		200,000
Exercise of stock options, value	0.4		0.4			0.4
Stock compensation	30.5		16.6			16.6	13.9
Restricted stock surrendered for tax withholding	(2.6)		(1.4)			(1.4)	(1.2)
Capital contribution from a principal stockholder	1.7		1.7			1.7
Preferred stock dividends and accretion	(19.8)			(19.8)		(19.8)
Permanent equity, ending balance at Sep. 30, 2011	1,373.0	1.4	872.7	(128.1)	149.4	895.4	477.6
Common stock, shares issued, ending balance at Sep. 30, 2011		139,400,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	110.7			89.5		89.5	21.2
Unrealized investment gains, net	275.6				275.6	275.6
Non-credit related other-than-temporary impairments	(0.6)				(0.6)	(0.6)
Other unrealized gains	1.5				0.8	0.8	0.7
Actuarial adjustments to pension plans	(11.7)				(6.6)	(6.6)	(5.1)
Translation adjustment	(8.6)				(4.4)	(4.4)	(4.2)
Comprehensive (loss) income	366.9					354.3	12.6
Issuance (purchase) of subsidiary stock	(85.0)		(26.0)		(1.0)	(27.0)	(58.0)
Stock compensation, shares		800,000
Stock compensation	31.2		16.6			16.6	14.6
Restricted stock surrendered for tax withholding	(4.0)		(2.1)			(2.1)	(1.9)
Preferred stock dividends and accretion	(59.6)			(59.6)		(59.6)
Dividend paid by subsidiary to noncontrolling interest	(23.6)						(23.6)
Permanent equity, ending balance at Sep. 30, 2012	1,598.9	1.4	861.2	(98.2)	413.2	1,177.6	421.3
Common stock, shares issued, ending balance at Sep. 30, 2012	140,184,000	140,200,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(69.0)			(45.8)		(45.8)	(23.2)
Unrealized investment gains, net	(323.5)				(323.5)	(323.5)
Non-credit related other-than-temporary impairments
Other unrealized gains	(2.5)				(1.5)	(1.5)	(1.0)
Actuarial adjustments to pension plans	5.8				4.1	4.1	1.7
Translation adjustment	(6.6)				(3.7)	(3.7)	(2.9)
Comprehensive (loss) income	(395.8)					(370.4)	(25.4)
Repurchase of common stock, shares		(1,700,000)
Repurchase of common stock, value	(12.3)		(12.3)			(12.3)
Issuance (purchase) of subsidiary stock	(77.1)		(58.8)		(0.9)	(59.7)	(17.4)
Exercise of stock options, value
Stock compensation, shares		3,100,000
Stock compensation	57.6		44.5			44.5	13.1
Restricted stock surrendered for tax withholding	(22.3)		(13.8)			(13.8)	(8.5)
Preferred stock dividends and accretion	(48.4)			(48.4)		(48.4)
Conversion of preferred stock, shares		800,000
Conversion of preferred stock, value	7.2		7.2			7.2
Noncontrolling interest in acquired subsidiary	43.0						43.0
Dividend paid by subsidiary to noncontrolling interest	(17.3)						(17.3)
Permanent equity, ending balance at Sep. 30, 2013	$ 1,133.5	$ 1.4	$ 828.0	$ (192.4)	$ 87.7	$ 724.7	$ 408.8
Common stock, shares issued, ending balance at Sep. 30, 2013	142,381,100	142,400,000

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net (loss) income	$ (69.0)	$ 110.7	$ 7.3
Adjustments to reconcile net (loss) income to operating cash flows:
Depreciation of properties	98.6	44.0	48.8
Amortization of intangibles	260.1	224.3	46.6
Intangible asset impairment	0	0	32.5
Impairment of oil and natural gas properties	54.3	0	0
Stock compensation	61.5	31.2	30.5
Amortization of debt issuance costs	18.1	12.8	15.0
Amortization of debt discount	3.0	1.3	5.4
Write-off of debt issuance costs on retired debt	32.4	2.9	15.4
Write-off of debt discount on retired debt	(3.1)	(0.5)	9.0
Deferred income taxes	170.7	(197.4)	16.5
Bargain purchase gain from business acquisition	0	0	(158.3)
Gain on contingent purchase price reduction		(41.0)
Cost of trading securities acquired for resale		(643.8)	(770.5)
Proceeds from trading securities sold		766.1	757.0
Interest credited/index credits to contractholder account balances	375.0	586.8	140.0
Collateral received (paid)	72.0	49.3	(148.4)
Amortization of fixed maturity discounts and premiums	16.7	86.9	59.9
Net recognized (gains) losses on investments and derivatives	(411.8)	(231.9)	181.2
Charges assessed to contractholders for mortality and administration	(31.5)	(14.9)	(28.4)
Deferred policy acquisition costs	(147.4)	(194.9)	(41.2)
Cash transferred to reinsurer		(176.8)	(52.6)
Non-cash increase to cost of goods sold due to the sale of HHI Business acquisition inventory	31.0
Non-cash restructuring and related charges	3.2	5.2	15.1
Changes in operating assets and liabilities:	(8.3)	202.2	(25.3)
Net change in cash due to operating activities	522.3	622.5	155.5
Cash flows from investing activities:
Proceeds from investments sold, matured or repaid	9,432.2	6,206.7	1,699.9
Cost of investments acquired	(8,940.8)	(5,972.7)	(1,809.0)
Acquisitions, net of cash acquired	(2,014.8)	(185.1)	684.4
Asset-based loans originated, net	(386.6)	(181.5)
Capital expenditures	(100.1)	(53.5)	(38.2)
Other investing activities, net	(0.7)	0.5	(5.1)
Net change in cash due to investing activities	(2,010.8)	(185.6)	532.0
Cash flows from financing activities:
Proceeds from issuance of new debt	4,444.0	517.0	498.5
Repayment of debt, including tender and call premiums	(1,608.5)	(524.6)	(230.5)
Revolving credit facility activity	(299.9)	0.4	5.8
Debt issuance costs	(100.4)	(11.2)	(28.8)
Proceeds from issuance of preferred stock, net of issuance cost			386.0
Purchases of subsidiary stock, net	(77.1)	(85.0)
Contractholder account deposits	1,361.8	2,040.5	495.0
Contractholder account withdrawals	(1,712.5)	(1,979.6)	(960.0)
Dividend paid by subsidiary to noncontrolling interest	(17.4)	(23.6)
Dividends paid on preferred stock	(33.4)	(31.7)
Share based award tax withholding payments	(22.3)	(3.9)	(2.5)
Common stock repurchased	(12.3)
Other financing activities, net		(1.0)	28.6
Net change in cash due to financing activities	1,922.0	(102.7)	192.1
Effect of exchange rate changes on cash and cash equivalents	(4.5)	(0.9)	0.9
Net change in cash and cash equivalents	429.0	333.3	880.5
Cash and cash equivalents at beginning of period	1,470.7	1,137.4	256.9
Cash and cash equivalents at end of period	1,899.7	1,470.7	1,137.4
Supplemental disclosure of cash flow information:
Cash paid for interest	450.4	238.6	190.2
Cash paid for taxes, net	$ 53.4	$ 47.2	$ 37.2

Basis of Preparation and Nature of Operations	12 Months Ended
Basis of Preparation and Nature of Operations	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Preparation and Nature of Operations	Basis of Preparation and Nature of Operations Harbinger Group Inc. (“HGI” and, collectively with its respective subsidiaries, the “Company”) is a diversified holding company, the outstanding common stock of which is 56.5% 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 “HCP 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 HCP Stockholders represents a voting interest of 42.3% 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. 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. On January 7, 2011, HGI completed the acquisition (the “Spectrum Brands Acquisition”) of a controlling financial interest in Spectrum Brands Holdings, Inc., a Delaware corporation (“Spectrum Brands”), under the terms of a contribution and exchange agreement (the “Exchange Agreement”) with the HCP Stockholders. The HCP Stockholders contributed approximately 54.5% of the then outstanding Spectrum Brands common stock to the Company and, in exchange for such contribution, the Company issued to the HCP Stockholders 119,910 thousand shares of its common stock. Subsequently, HGI has directly and indirectly through a wholly-owned subsidiary, acquired additional Spectrum Brands stock. The Company’s beneficial ownership of the outstanding common stock of Spectrum Brands was 59.2% and 57.4% at September 30, 2013 and 2012, respectively. Spectrum Brands was formed in connection with the combination (the “SB/RH Merger”) of Spectrum Brands, Inc. (“SBI”), a global branded consumer products company, and Russell Hobbs, Inc. (“Russell Hobbs”), a global branded small appliance company. The SB/RH Merger was consummated on June 16, 2010. As a result of the SB/RH Merger, both SBI and Russell Hobbs are wholly-owned subsidiaries of Spectrum Brands and Russell Hobbs is a wholly-owned subsidiary of SBI. Prior to the SB/RH Merger, the HCP Stockholders owned approximately 40% and 100% of the outstanding common stock of SBI and Russell Hobbs, respectively. Spectrum Brands issued an approximately 65% controlling financial interest to the HCP Stockholders and an approximately 35% noncontrolling financial interest to other stockholders (other than the HCP Stockholders) in the SB/RH Merger. Immediately prior to the Spectrum Brands Acquisition, the HCP Stockholders held controlling financial interests in both HGI and Spectrum Brands. As a result, the Spectrum Brands Acquisition was considered a transaction between entities under common control under Accounting Standards Codification (“ASC”) Topic 805, “Business Combinations,” and was accounted for similar to the pooling of interest method. In accordance with the guidance in ASC Topic 805, the assets and liabilities transferred between entities under common control are recorded by the receiving entity based on their carrying amounts (or at the historical cost basis of the parent, if these amounts differ). Although HGI was the issuer of shares in the Spectrum Brands Acquisition, during the historical periods presented Spectrum Brands was an operating business and HGI was not. Therefore, Spectrum Brands has been reflected as the predecessor and receiving entity in the Company’s financial statements to provide a more meaningful presentation of the transaction to the Company’s stockholders. Accordingly, the Company’s financial statements were retrospectively adjusted to reflect as the Company’s historical financial statements, those of SBI prior to June 16, 2010 and the combination of Spectrum Brands, HGI and HGI’s other subsidiaries thereafter. HGI’s assets and liabilities were recorded at the HCP Stockholders’ basis as of June 16, 2010, the date that common control was first established. As SBI was the accounting acquirer in the SB/RH Merger, the financial statements of SBI are included as the Company’s predecessor entity for periods preceding the June 16, 2010 date of the SB/RH Merger. In connection with the Spectrum Brands Acquisition, the Company changed its fiscal year end from December 31 to September 30 to conform to the fiscal year end of Spectrum Brands. As discussed further in Note 4, on April 6, 2011 (the “FGL Acquisition Date”), the Company, through its wholly-owned subsidiary Fidelity & Guaranty Life,”FGL”, (formerly Harbinger F&G LLC,) acquired Fidelity & Guaranty Life Holdings, Inc. (formerly, Old Mutual U.S. Life Holdings, Inc.), a Delaware corporation (“FGH”), from OM Group (UK) Limited (“OMGUK”). Such acquisition (the “FGL Acquisition”) has been accounted for using the acquisition method of accounting. Accordingly, the results of FGH’s operations have been included in the Company’s consolidated financial statements commencing April 6, 2011. FGH’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets. FGH’s principal products are deferred annuities (including fixed indexed annuity (“FIA”) contracts), immediate annuities and life insurance products. FGH markets products through its wholly-owned insurance subsidiaries, Fidelity & Guaranty Life Insurance Company (“FGL Insurance”) and Fidelity & Guaranty Life Insurance Company of New York (“FGL NY Insurance”), which together are licensed in all fifty states and the District of Columbia. In connection with the acquisition of FGH, the Company acquired all of the equity of Front Street Re, Ltd. (“Front Street”) which was formed in March 2010 to act as a long-term reinsurer and to provide reinsurance to specialty insurance sectors of fixed, deferred and pay out annuities. Additionally, the Company formed Salus Capital Partners, LLC (“Salus”), a subsidiary engaged in providing secured asset-based loans to entities across a variety of industries. In December 2012 and January 2013, the Company closed a secondary offering, in which the HCP 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 4, 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 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 16, Debt, as well as Note 4, Acquisitions, in the accompanying Consolidated Financial Statements. In December 2012, FGH 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 reinsures approximately 10%, or approximately $1,500.0 of FGH’s policy liabilities, on a funds-withheld basis. In connection with the Reinsurance Agreement, Front Street Cayman, FGH and an indirect subsidiary of the Company, Five Island, also entered into an investment management agreement, pursuant to which Five Island manages a portion of the assets securing Front Street Cayman’s reinsurance obligations under the Reinsurance Agreement, which assets are held by FGH in a segregated account. The assets in the segregated account are invested in accordance with FGH’s existing guidelines. In February 2013, HGI finalized an agreement with EXCO Resources, Inc. (“EXCO”) to create a private oil and natural gas joint venture (the “EXCO/HGI JV”), through the Company’s wholly-owned subsidiary HGI Energy LLC (“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 $130.7, 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-based loans that Salus had originated through that date. In September 2013 Salus announced the closing of an additional $300.0 note issuance by the CLO, bringing the aggregate amount of notes issued by the CLO to $550.0. In connection with this transaction, Salus and its affiliates funded the upsize of the CLO with an additional $167.0 contribution from its portfolio of asset-based loans. Refer to Note 7, Securitizations and Variable Interest Entities, in the accompanying Consolidated Financial Statements. In March 2013, FGH issued $300.0 aggregate principal amount of its 6.375% senior notes due April 1, 2021, at par value. FGH 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 16, Debt, in the accompanying Consolidated Financial Statements. In August 2013, FGL filed a registration statement on Form S-1 with the SEC relating to a proposed initial public offering of its common stock. All of the shares will be offered by the issuer, FGL. We are not a selling stockholder in the offering. In September 2013, Spectrum Brands, announced that it had closed on $1.15 billion of term loans (the “New Term Loans”) pursuant to the New Term Loan Commitment Agreement No. 1 among Spectrum Brands, the lenders party thereto, and Deutsche Bank AG New York Branch, as administrative agent (the “Term Administrative Agent”). The proceeds of the New Term Loans were used (i) to fund the consummation of Spectrum Brands cash tender offer and consent solicitation (the “Tender Offer and Consent Solicitation”) to purchase any and all of its outstanding 9.5% Senior Secured Notes due 2018 (the “9.5% Notes”), (ii) to fund the satisfaction and discharge of the indenture governing the 9.5% Notes not tendered in the Tender Offer and Consent Solicitation and (iii) for working capital and general corporate purposes. 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 30, Segment and Geographic Data. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

Significant Accounting Policies and Practices and Recent Accounting Pronouncements

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=28200181&loc=SL6228881-111685

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 720

-SubTopic 15

-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 10

-Section 50

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+ Details

Significant Accounting Policies and Practices and Recent Accounting Pronouncements

12 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Fiscal Year End

The Company’s fiscal year ends September 30 and its interim fiscal quarters end every thirteenth Sunday, except for its first fiscal quarter which may end on the fourteenth Sunday following September 30. References herein to Fiscal 2013, 2012 and 2011 refer to the fiscal years ended September 30, 2013, 2012 and 2011, respectively.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of HGI and all other entities in which HGI has a controlling financial interest; including Spectrum Brands, FGL, Front Street, HGI Funding LLC (“HGI Funding”), Salus, Five Island, Zap.Com, 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. At September 30, 2013, the non-controlling interest component of total equity represents the 40.8% share of Spectrum Brands, the 7.7% of Salus, and the 2.1% share of Zap.Com not owned by HGI.

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”) ASC Topic 932, Extractive Activities. 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.

Cash Equivalents

The Company considers all highly liquid debt instruments purchased with original maturities of three months or less to be cash equivalents.

Investments

HGI’s investments consist of (1) marketable equity and debt 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 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) investments in debt and equity securities held by FGH have been designated as available-for-sale and are carried at fair value with unrealized gains and losses included in “Accumulated other comprehensive income (loss)” (“AOCI”), net of associated intangibles “shadow adjustments” (discussed in Note 13) and deferred income taxes, and (4) originated asset-based loans that the Company intends to hold in its portfolio and which are stated at the principal amount outstanding, adjusted for unamortized deferred fees and costs as well as discounts and premiums, which are amortized to interest income (included in “Net investment income”) over the expected life of the loan on a straight-line basis.

Available-for-sale Securities—Other-Than-Temporary Impairments

FGH regularly reviews its available-for-sale securities for declines in fair value that FGH determines to be other-than-temporary. For an equity security, if FGH does not have the ability and intent to hold the security for a sufficient period of time to allow for a recovery in value, FGH concludes that an other-than-temporary impairment has occurred and the cost of the equity security is written down to the current fair value, with a corresponding charge to “Net investment gains (losses)” in the accompanying Consolidated Statements of Operations. When assessing FGH’s ability and intent to hold an equity security to recovery, FGH considers, among other things, the severity and duration of the decline in fair value of the equity security as well as the cause of the decline, a fundamental analysis of the liquidity, business prospects and the overall financial condition of the issuer.

For FGH’s fixed maturity available-for-sale securities, FGH generally considers the following in determining whether FGH’s unrealized losses are other than temporarily impaired:


•	The estimated range and period until recovery;


•	Current delinquencies and nonperforming assets of underlying collateral;


•	Expected future default rates;


•	Collateral value by vintage, geographic region, industry concentration or property type;


•	Subordination levels or other credit enhancements as of the balance sheet date as compared to origination; and


•	Contractual and regulatory cash obligations.

FGH recognizes other-than-temporary impairments on debt securities in an unrealized loss position when one of the following circumstances exists:


•	FGH does not expect full recovery of its amortized cost based on the estimate of cash flows expected to be collected;


•	FGH intends to sell a security; or


•	It is more likely than not that FGH will be required to sell a security prior to recovery.

If FGH intends to sell a debt security or it is more likely than not FGH will be required to sell the security before recovery of its amortized cost basis and the fair value of the security is below amortized cost, FGH will conclude that an other-than-temporary impairment has occurred and the amortized cost is written down to current fair value, with a corresponding charge to “Net investment gains (losses)” in the accompanying Consolidated Statements of Operations. If FGH does not intend to sell a debt security or it is more likely than not FGH will not be required to sell a debt security before recovery of its amortized cost basis and the present value of the cash flows expected to be collected is less than the amortized cost of the security (referred to as the credit loss), an other-than-temporary impairment has occurred and the amortized cost is written down to the estimated recovery value with a corresponding charge to “Net investment gains (losses)” in the accompanying Consolidated Statements of Operations, as this amount is deemed the credit loss portion of the other-than-temporary impairment. The remainder of the decline to fair value is recorded in AOCI as unrealized other-than-temporary impairment on available-for-sale securities, as this amount is considered a non-credit (i.e., recoverable) impairment.

When assessing FGH’s intent to sell a debt security or if it is more likely than not FGH will be required to sell a debt security before recovery of its cost basis, FGH evaluates facts and circumstances such as, but not limited to, decisions to reposition FGH’s security portfolio, sale of securities to meet cash flow needs and sales of securities to capitalize on favorable pricing and tax planning strategies. In order to determine the amount of the credit loss for a security, FGH calculates the recovery value by performing a discounted cash flow analysis based on the current cash flows and future cash flows FGH expects to recover. The discount rate is the effective interest rate implicit in the underlying security. The effective interest rate is the original purchased yield or the yield at the date the debt security was previously impaired.

When evaluating mortgage-backed securities and asset-backed securities, FGH considers a number of pool-specific factors as well as market level factors when determining whether or not the impairment on the security is temporary or other-than-temporary. The most important factor is the performance of the underlying collateral in the security and the trends of that performance. FGH uses this information about the collateral to forecast the timing and rate of mortgage loan defaults, including making projections for loans that are already delinquent and for those loans that are currently performing but may become delinquent in the future. Other factors used in this analysis include type of underlying collateral (e.g., prime, Alternative A-paper (“Alt-A”), or subprime), geographic distribution of underlying loans and timing of liquidations by state. Once default rates and timing assumptions are determined, FGH then makes assumptions regarding the severity of a default if it were to occur. Factors that impact the severity assumption include expectations for future home price appreciation or depreciation, loan size, first lien versus second lien, existence of loan level private mortgage insurance, type of occupancy and geographic distribution of loans. Once default and severity assumptions are determined for the security in question, cash flows for the underlying collateral are projected including expected defaults and prepayments. These cash flows on the collateral are then translated to cash flows on FGH’s tranche based on the cash flow waterfall of the entire capital security structure. If this analysis indicates the entire principal on a particular security will not be returned, the security is reviewed for other-than-temporary impairments by comparing the present value of expected cash flows to amortized cost. To the extent that the security has already been impaired or was purchased at a discount, such that the amortized cost of the security is less than or equal to the present value of cash flows expected to be collected, no impairment is required. FGH also considers the ability of monoline insurers to meet their contractual guarantees on wrapped mortgage-backed securities. Otherwise, if the amortized cost of the security is greater than the present value of the cash flows expected to be collected, then an impairment is recognized.

Asset-based Loans

Allowance for Credit Losses

Originated asset-based loans that are intended to be held in the Company’s portfolio are stated at the principal amount outstanding, adjusted for an allowance for credit losses. The delinquency status is based upon the contractual terms of the loans. At September 30, 2013, the Company has no delinquent loans. The Company generally has a cash dominion provision in its loans whereby all cash generated by its borrowers is swept into a concentration account to pay down each loan on a daily or weekly basis. In instances where the Company believes that it may not be able to collect the entirety of a loan’s principal, interest payments are applied to principal.

The allowance for credit losses represents the Company’s estimate of probable losses inherent in its lending activities and is initially established upon origination of a loan. The allowance for credit losses does not include amounts related to accrued interest receivable, as accrued interest receivable is reversed when a loan is placed on nonaccrual status. The Company regularly evaluates the adequacy of the allowance for credit losses on a combined loan basis. The Company will charge loans off against its allowance for credit losses when it becomes evident that the Company will not fully collect the balance of the loan. The provision for credit losses related to the loan portfolio is charged to “Selling, acquisition, operating and general expenses” in the Consolidated Statements of Operations.

Included in the allowance for credit losses are reserves that are maintained to cover uncertainties that affect the Company’s estimate of probable losses, including domestic and global economic uncertainty and large single name defaults. This collective allowance for credit losses is calculated using loss rates delineated by risk rating and loan type. Factors considered when assessing loss rates include the value of the underlying collateral, if applicable, the industry of the obligor, and the obligor’s liquidity and other financial indicators along with certain qualitative factors. If necessary, a specific allowance is also established for loans if they are deemed to be individually impaired. A loan is considered impaired when, based on current information and events, it is probable that Salus will be unable to collect all amounts due, including principal and/or interest, according to the contractual terms of the agreement. Once a loan has been identified as potentially impaired, management measures impairment based on the present value of payments expected to be received, discounted at the loans’ original effective contractual interest rates, or discounted at the portfolio average contractual annual percentage rate. Impaired loans may also be measured based on observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell. If the recorded investment in impaired loans exceeds this amount, a specific allowance is established as a component of the allowance for loan losses.

Credit Quality Indicators

Salus monitors credit quality as indicated by various factors and utilizes such information in its evaluation of the adequacy of the allowance for credit losses. Salus is a non-bank asset-based lender, who uses a bank-compatible risk rating scale as a guide as to the relative risk of the loan. This scale places primary reliance on a loan’s cash-flow as a source of repayment, as compared to Salus’s primary reliance on the sale or liquidation of collateral. Quarterly, Salus’s accounting and credit teams review all substandard loans for any potential impairment.

The likelihood of collectibility in accordance with the contractual terms of a loan is, in large part, dependent upon the assessed level of risk associated with the specific loan. Borrowers provide Salus with financial information, in accordance with the loan agreement. Additionally, Salus performs further credit due diligence, such as conducting site visits to the borrowers, as well as obtaining collateral appraisals as a measure of safeguard against decline in loans’ collateral values. Salus internally risk rates loans based on individual criteria on at least a quarterly basis. The internal rating that is assigned to a loan provides a view as to the relative risk of each loan. Salus employs an internal risk rating scale to establish a view of the credit quality of each loan. This scale is based on the credit classifications of assets as prescribed by industry standards for the banking industry. The internal risk rating scale is separated into the following groups:


•	Pass - Loans with standard, acceptable levels of credit risk. Salus scores these loans between 1 and 5;


•	Special mention - Loans that have potential weaknesses that deserve close attention, and which, if left uncorrected, may result in deterioration of our credit position at some future date. Salus scores these loans as a 6;

•

Substandard - Loans that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well‑defined weakness or weaknesses and are characterized by the distinct possibility that Salus will sustain some loss if the deficiencies are not corrected. Although substandard loans in the aggregate may have a distinct potential for loss, an individual loan’s loss potential does not have to be distinct for the asset to be rated substandard. Salus scores these loans as either 7 or 8 depending on the accrual status; and


•	Doubtful - Loans that have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full improbable based on currently existing facts, conditions, and values. Salus scores these loans as either a 9 or 10.

Derivative Financial Instruments

Consumer Products

Derivative financial instruments are used by the Company’s consumer products segment principally in the management of its interest rate, foreign currency exchange rate and raw material price exposures. When hedge accounting is elected at inception, the Company formally designates the financial instrument as a hedge of a specific underlying exposure if such criteria are met, and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Any ineffective portion of a financial instrument’s change in fair value is immediately recognized in earnings. For derivatives that are not designated as cash flow hedges, or do not qualify for hedge accounting treatment, the change in the fair value is also immediately recognized in earnings.

Insurance

The Company’s insurance segment hedges certain portions of its exposure to product related equity market risk by entering into derivative transactions. All of such derivative instruments are recognized as either assets or liabilities in the accompanying Consolidated Balance Sheets at fair value. The change in fair value is recognized within “Net investment gains (losses)” in the accompanying Consolidated Statements of Operations.

FGH purchases and issues financial instruments and products that may contain embedded derivative instruments. If it is determined that the embedded derivative possesses economic characteristics that are not clearly and closely related to the economic characteristics of the host contract, and a separate instrument with the same terms would qualify as a derivative instrument, the embedded derivative is bifurcated from the host contract for measurement purposes. The embedded derivative is carried at fair value with changes in fair value reported in the accompanying Consolidated Statements of Operations.

The EXCO/HGI JV

The EXCO/HGI JV manages certain portions of its exposure to commodity price fluctuations by entering into derivative transactions. All of such derivative instruments are recognized as either assets or liabilities in the accompanying Consolidated Balance Sheets at fair value. The EXCO/HGI JV does not designate its derivative financial instruments as hedging instruments for financial reporting purposes and, as a result, recognizes the change in the respective instruments’ fair value “Other expense, net” in the accompanying Consolidated Statements of Operations.

Corporate and Other

The Company has outstanding Preferred Stock that contain a conversion feature (see Note 18). If the Company were to issue certain equity securities at a price lower than the conversion price of the respective Preferred Stock, the conversion price would be adjusted downward to reflect the dilutive effect of the newly issued securities (a “down round” provision). Therefore, in accordance with the guidance in ASC Topic 815, “Derivatives and Hedging,” the conversion feature is considered to be an embedded derivative that must be separately accounted for as a liability at fair value with any changes in fair value reported in current earnings. The embedded derivative has been bifurcated from the host contracts as of the respective issuance dates, marked to fair value and included in “Equity conversion feature of preferred stock” in the accompanying Consolidated Balance Sheets with the change in fair value shown separately in the Consolidated Statements of Operations. The Company valued the conversion feature using the Monte Carlo simulation approach, as discussed further in Note 9.

Displays and Fixtures

Temporary displays are generally disposable cardboard displays shipped to customers to facilitate display of the Company’s products. Temporary displays are generally disposed of after a single use by the customer.

Permanent fixtures are more permanent in nature, are generally made from wire or other longer-lived materials, and are shipped to customers for use in displaying the Company’s products. These permanent fixtures are restocked with the Company’s product multiple times over the fixture’s useful life.

The costs of both temporary and permanent displays are capitalized as a prepaid asset until shipped to the customer and are included in “Other assets” in the accompanying Consolidated Balance Sheets. The costs of temporary displays are expensed in the period in which they are shipped to customers and the costs of permanent fixtures are amortized over an estimated useful life of one to two years from the date they are shipped to customers and are reflected in “Other assets” in the accompanying Consolidated Balance Sheets.

Inventories

The Company’s inventories are valued at the lower of cost or net realizable value. Cost of inventories is determined using the first-in, first-out (“FIFO”) method.

Properties

Properties are recorded at cost or at fair value if acquired in a purchase business combination. Depreciation on plant and equipment is calculated on the straight-line method over the estimated useful lives of the assets. Building and improvements depreciable lives are 20-40 years and machinery, equipment and other depreciable lives are 2-15 years. Properties held under capitalized leases are amortized on a straight-line basis over the shorter of the lease term or estimated useful life of the asset and is included in depreciation expense.

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company evaluates recoverability of assets to be held and used by comparing the carrying amount of an asset to future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

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 $36.5 and $48.5 as of September 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. During the period from inception to September 30, 2013, we impaired approximately $10.3 of undeveloped properties to reflect the estimated fair value based on our evaluation of potential oil and natural gas reserves from these properties.

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 and impairment of proved oil and natural gas properties

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 September 30, 2013. The computation resulted in the carrying costs of the EXCO/HGI JV’s unamortized proved oil and natural gas properties exceeding the September 30, 2013 ceiling test limitation by approximately $222.0. 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 gas properties from the ceiling test assessments for a period of twelve months following the corresponding acquisition dates.

The EXCO/HGI JV’s pricing for these acquisitions are based on models which incorporate, among other things, market prices based on 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.

HGI'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 we have elected to use flat pricing as the NYMEX futures contract 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 contract reflects an independent proxy for fair value.

During the ceiling test exemption period, the EXCO/HGI JV assessed the properties for potential impairment due to an other than temporary trend that would negatively impact the fair value. The EXCO/HGI JV evaluated these properties for impairment using discounted cash flow models based on internally generated oil and natural gas reserves as of September 30, 2013. The pricing utilized in these models was based on NYMEX futures in a manner consistent with the aforementioned pricing for acquisitions. As a result of this evaluation, the EXCO/HGI JV recognized an impairment of $54.3 to proved oil and natural gas properties based on the excess of unamortized costs over the fair value of September 30, 2013. The impairment was primarily due to recent drilling results, modifications to our development plans, and a decline in natural gas futures prices.

The ceiling test calculation and impairment evaluation are 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 fourteen 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.

Goodwill and Intangibles

Consumer Products

Intangible assets are recorded at cost or at fair value if acquired in a purchase business combination. In connection with fresh-start reporting following SBI’s emergence from Chapter 11 of the U.S. Bankruptcy Code, intangible assets were recorded at their estimated fair value on August 30, 2009. Customer lists, proprietary technology and certain trade name intangibles are amortized, using the straight-line method, over their estimated useful lives of up to 20 years. Excess of cost over fair value of net assets acquired (goodwill) and indefinite-lived intangible assets (certain trade name intangibles) are not amortized. Goodwill is tested for impairment at least annually, at the reporting unit level. If impairment is indicated, a write-down to fair value (normally measured by discounting estimated future cash flows) is recorded. Indefinite-lived trade name intangibles are tested for impairment at least annually by comparing the fair value, determined using a relief from royalty methodology, with the carrying value. Any excess of carrying value over fair value is recognized as an impairment loss in income from operations. ASC Topic 350, “Intangibles-Goodwill and Other,” (“ASC 350”) requires that goodwill and indefinite-lived intangible assets be tested for impairment annually, or more often if an event or circumstance indicates that an impairment loss may have been incurred. During Fiscal 2013, 2012 and 2011, Spectrum Brands’ goodwill and trade name intangibles were tested for impairment as of the August financial period end, the annual testing date for Spectrum Brands, as well as in certain interim periods where an event or circumstance occurred that indicated an impairment loss may have been incurred (see discussion under “Intangibles with Indefinite Lives” below.)

In connection with Spectrum Brands’ annual goodwill impairment testing performed during Fiscal 2013, 2012 and 2011, the first step of such testing indicated that the fair value of Spectrum Brands’ reporting segments were in excess of their carrying amounts and, accordingly, no further testing of goodwill was required.

Intangibles with Indefinite Lives

In accordance with ASC 350, Spectrum Brands conducts impairment testing on its goodwill. To determine fair value during Fiscal 2013, 2012 and 2011, Spectrum Brands used the discounted estimated future cash flows methodology and third party valuations. Assumptions critical to Spectrum Brands’ fair value estimates under the discounted estimated future cash flows methodology are: (i) the present value factors used in determining the fair value of the reporting units and trade names; (ii) projected average revenue growth rates used in estimating future cash flows for the reporting unit; and (iii) projected long-term growth rates used in the derivation of terminal year values. These and other assumptions are impacted by economic conditions and expectations of management and will change in the future based on period specific facts and circumstances. Spectrum Brands also tested the aggregate estimated fair value of its reporting units for reasonableness by comparison to the total market capitalization of Spectrum Brands, which includes both its equity and debt securities. In addition, in accordance with ASC 350, as part of Spectrum Brands’ annual impairment testing, Spectrum Brands tested its indefinite-lived trade name intangible assets for impairment by comparing the carrying amount of such trade names to their respective fair values. Fair value was determined using a relief from royalty methodology. Assumptions critical to Spectrum Brands’ fair value estimates under the relief from royalty methodology were: (i) royalty rates; (ii) projected average revenue growth rates; and (iii) applicable discount rates.

A triggering event occurred in Fiscal 2011 which required Spectrum Brands to test its indefinite-lived intangible assets for impairment between annual impairment dates. The realignment of Spectrum Brands’ operating structure constituted a triggering event for impairment testing. Spectrum Brands compared the fair values of its reporting units to their carrying amounts both before and after the realignment and determined the fair values were in excess of the carrying amounts and, accordingly, no further testing of goodwill was required. In connection with the triggering event impairment testing, Spectrum Brands also tested the recoverability of its identified indefinite-lived intangibles and concluded that the fair values of those assets exceeded their carrying values.

In connection with its annual impairment testing of indefinite-lived intangible assets during Fiscal 2013 and 2012, Spectrum Brands concluded that the fair values of its intangible assets exceeded their carrying values. Additionally, during Fiscal 2012 Spectrum Brands reclassified $3.5 of certain indefinite lived trade names to definite lived trade names. Those trade names are being amortized over the remaining useful lives, which have been estimated to be 1-3 years. During Fiscal 2011, Spectrum Brands concluded that the fair values of certain trade name intangible assets were less than the carrying amounts of those assets. As a result, during Fiscal 2011 Spectrum Brands recorded non-cash pretax intangible asset impairment charges of $32.5 within “Selling, acquisition, operating and general expenses” which was equal to the excess of the carrying amounts of the intangible assets over the fair values of such assets.

The Fiscal 2011 impairments of trade name intangible assets were primarily attributed to lower current and forecasted profits, reflecting more conservative growth rates versus those originally assumed by Spectrum Brands at the time of acquisition or upon adoption of fresh start reporting.

Intangibles with Definite or Estimable Useful Lives

Spectrum Brands assesses the recoverability of intangible assets with definite or estimable useful lives whenever an event or circumstance occurs that indicates an impairment loss may have been incurred. Spectrum Brands assesses the recoverability of these intangible assets by determining whether their carrying value can be recovered through projected undiscounted future cash flows. If projected undiscounted future cash flows indicate that the carrying value of the assets will not be recovered, an adjustment would be made to reduce the carrying value to an amount equal to estimated fair value determined based on projected future cash flows discounted at Spectrum Brands’ incremental borrowing rate. The cash flow projections used in estimating fair value are based on historical performance and management’s estimate of future performance, giving consideration to existing and anticipated competitive and economic conditions.

Impairment reviews are conducted at the judgment of management when it believes that a change in circumstances in the business or external factors warrants a review. Circumstances such as the discontinuation of a product or product line, a sudden or consistent decline in the sales forecast for a product, changes in technology or in the way an asset is being used, a history of operating or cash flow losses, or an adverse change in legal factors or in the business climate, among others, may trigger an impairment review.

Insurance

Intangible assets of the Company’s insurance segment include value of business acquired (“VOBA”) and deferred acquisition costs (“DAC”).

VOBA represents the estimated fair value of the right to receive future net cash flows from in-force contracts in a life insurance company acquisition at the acquisition date. DAC represents costs that are related directly to new or renewal insurance contracts, which may be deferred to the extent recoverable. These costs include incremental direct costs of contract acquisition, primarily commissions, as well as certain costs related directly to underwriting, policy issuance and processing. Up front bonus credits to policyholder account values, which are considered to be deferred sales inducements (“DSI”), are accounted for similarly to DAC.

The methodology for determining the amortization of VOBA and DAC varies by product type. For all insurance contracts, amortization is based on assumptions consistent with those used in the development of the underlying contract adjusted for emerging experience and expected trends. US GAAP requires that assumptions for these types of products not be modified unless recoverability testing deems them to be inadequate. VOBA and DAC amortization are reported within “Amortization of intangibles” in the accompanying Consolidated Statements of Operations.

VOBA and DAC for IUL and investment-type products are generally amortized over the lives of the policies in relation to the incidence of estimated gross profits (“EGPs”) from investment income, surrender charges and other product fees, policy benefits, maintenance expenses, mortality net of reinsurance ceded and expense margins, and recognized gains (losses) on investments.

Changes in assumptions can have a significant impact on VOBA and DAC balances and amortization rates. Due to the relative size and sensitivity to minor changes in underlying assumptions of VOBA and DAC balances, FGH performs quarterly and annual analyses of VOBA and DAC for the annuity and indexed universal life businesses. The VOBA and DAC balances are also periodically evaluated for recoverability to ensure that the unamortized portion does not exceed the expected recoverable amounts. At each evaluation date, actual historical gross profits are reflected, and estimated future gross profits and related assumptions are evaluated for continued reasonableness. Any adjustment in estimated future gross profits requires that the amortization rate be revised (“unlocking”) retroactively to the date of the policy or contract issuance. The cumulative unlocking adjustment is recognized as a component of current period amortization.

The carrying amounts of VOBA and DAC are adjusted for the effects of realized and unrealized gains and losses on debt securities classified as available-for-sale and certain derivatives and embedded derivatives. Amortization expense of VOBA and DAC reflects an assumption for an expected level of credit-related investment losses. When actual credit-related investment losses are realized, FGH performs a retrospective unlocking of VOBA and DAC amortization as actual margins vary from expected margins. This unlocking is reflected in the accompanying Consolidated Statements of Operations.

For investment-type products, the VOBA and DAC assets are adjusted for the impact of unrealized gains (losses) on investments as if these gains (losses) had been realized, with corresponding credits or charges included in AOCI.

Reinsurance

FGH’s insurance subsidiaries enter into reinsurance agreements with other companies in the normal course of business. The assets, liabilities, premiums and benefits of certain reinsurance contracts are presented on a net basis in the accompanying Consolidated Balance Sheets and Consolidated Statements of Operations, respectively, when there is a right of offset explicit in the reinsurance agreements. All other reinsurance agreements are reported on a gross basis in the Company’s Consolidated Balance Sheets as an asset for amounts recoverable from reinsurers or as a component of other liabilities for amounts, such as premiums, owed to the reinsurers, with the exception of amounts for which the right of offset also exists. Premiums and benefits are reported net of insurance ceded.

Debt Issuance Costs

Debt issuance costs, which are capitalized within “Other assets,” and original issue discount, net of any premiums, on debt are amortized to interest expense using the effective interest method over the lives of the related debt agreements.

Accounts Payable

Included in accounts payable are book overdrafts, net of deposits on hand, on disbursement accounts that are replenished when checks are presented for payment.

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company has the ability and intent to recover in a tax-free manner assets (or liabilities) with book/tax basis differences for which no deferred taxes have been provided, in accordance with ASC Topic 740, “Income Taxes.” Accordingly, the Company did not provide deferred income taxes on the bargain purchase gain of $158.3 on the FGL Acquisition or the gain on contingent purchase price reduction of $41.0 in Fiscal 2011 and 2012, respectively.

The Company recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount that has a greater than 50% likelihood of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Accrued interest expense and penalties related to uncertain tax positions are recorded in “Income tax expense (benefit)” in the accompanying Consolidated Statements of Operations.

Contractholder Funds and Future Policy Benefits

The liabilities for contractholder funds and future policy benefits for investment contracts and IUL policies consist of contract account balances that accrue to the benefit of the contractholders, excluding surrender charges. Investment contracts include FIAs, deferred annuities and immediate annuities without life contingencies. The liabilities for future insurance contract benefits and claim reserves for traditional life policies and pay-out annuity policies are computed using assumptions for investment yields, mortality and withdrawals based principally on generally accepted actuarial methods and assumptions at the time of contract issue. Assumptions for contracts in-force as of the FGL Acquisition Date were updated as of that date.

Liabilities for the secondary guarantees on IUL-type products or Investment-type contracts are calculated by multiplying the benefit ratio by the cumulative assessments recorded from contract inception through the balance sheet date less the cumulative secondary guarantee benefit payments plus interest. If experience or assumption changes result in a new benefit ratio, the reserves are adjusted to reflect the changes in a manner similar to the unlocking of VOBA and DAC. The accounting for secondary guarantee benefits impacts, and is impacted by, EGPs used to calculate amortization of VOBA and DAC.

FIA contracts are equal to the total of the policyholder account values before surrender charges, and additional reserves established on certain features offered that link interest credited to an equity index. These features create an embedded derivative that is not clearly and closely related to the host insurance contract. The embedded derivative is carried at fair value with changes in fair value reported in the accompanying Consolidated Statements of Operations.

Federal Home Loan Bank of Atlanta Agreements

Contractholder funds include funds related to funding agreements that have been issued to the Federal Home Loan Bank of Atlanta (“FHLB”) as a funding medium for single premium funding agreements issued by FGH to the FHLB.

Funding agreements were issued to the FHLB in 2003, 2004, 2005, 2011 and 2012. The funding agreements (i.e., immediate annuity contracts without life contingencies) provide a guaranteed stream of payments. Single premiums were received at the initiation of the funding agreements and were in the form of advances from the FHLB. Payments under the funding agreements extend through 2022. The reserves for the funding agreements totaled $554.9 and $364.1 at September 30, 2013 and 2012, respectively, and are included in “Contractholder funds” in the accompanying Consolidated Balance Sheets.

In accordance with the agreements, the investments supporting the funding agreement liabilities are pledged as collateral to secure the FHLB funding agreement liabilities. The collateral investments had a fair value of $604.9 and $390.6 at September 30, 2013 and 2012, respectively.

Foreign Currency Translation

Local currencies are considered the functional currencies for most of the Company’s operations outside the United States. Assets and liabilities of the Company’s foreign subsidiaries are translated at the rate of exchange existing at year-end, with revenues, expenses, and cash flows translated at the average of the monthly exchange rates. Adjustments resulting from translation of the financial statements are recorded as a component of AOCI. Also included in AOCI are the effects of exchange rate changes on intercompany balances of a long-term nature.

As of September 30, 2013 and 2012, accumulated (losses) gains related to foreign currency translation adjustments of $(4.1) and $(0.1) (net of taxes and non-controlling interest), respectively, were reflected in the accompanying Consolidated Balance Sheets in AOCI.

Foreign currency transaction gains and losses related to assets and liabilities that are denominated in a currency other than the functional currency are reported in the Consolidated Statements of Operations in the period they occur. Exchange losses on foreign currency transactions aggregating $9.4, $1.7 and $3.4 for Fiscal 2013, 2012 and 2011, respectively, are included in “Other expense, net” in the accompanying Consolidated Statements of Operations.

Revenue Recognition

Net Sales

The Company recognizes revenue from product sales generally upon delivery to the customer or the shipping point in situations where the customer picks up the product or where delivery terms so stipulate. This represents the point at which title and all risks and rewards of ownership of the product are passed, provided that: there are no uncertainties regarding customer acceptance; there is persuasive evidence that an arrangement exists; the price to the buyer is fixed or determinable; and collectibility is deemed reasonably assured. The Company is generally not obligated to allow for, and it’s general policy is not to accept, product returns for battery sales. The Company does accept returns in specific instances related to its shaving, grooming, personal care, home and garden, small appliances and pet products. The provision for customer returns is based on historical sales and returns and other relevant information. The Company estimates and accrues the cost of returns, which are treated as a reduction of “Net consumer product sales.”

The Company enters into various promotional arrangements, primarily with retail customers, including arrangements entitling such retailers to cash rebates from the Company based on the level of their purchases, which require the Company to estimate and accrue the estimated costs of the promotional programs. These costs are treated as a reduction of “Net consumer product sales.”

The Company also enters into promotional arrangements that target the ultimate consumer. The costs associated with such arrangements are treated as either a reduction of “Net consumer product sales” or an increase of “Consumer products cost of goods sold,” based on the type of promotional program. The income statement presentation of the Company’s promotional arrangements complies with ASC Topic 605, “Revenue Recognition.” For all types of promotional arrangements and programs, the Company monitors its commitments and uses various measures, including past experience, to determine amounts to be recorded for the estimate of the earned, but unpaid, promotional costs. The terms of the Company’s customer-related promotional arrangements and programs are tailored to each customer and are documented through written contracts, correspondence or other communications with the individual customers.

The Company also enters into various arrangements, primarily with retail customers, which require the Company to make upfront cash, or “slotting” payments, in order to secure the right to distribute through such customers. The Company capitalizes slotting payments; provided the payments are supported by a time or volume based arrangement with the retailer, and amortizes the associated payment over the appropriate time or volume based term of the arrangement. The amortization of slotting payments is treated as a reduction of “Net consumer product sales” and a corresponding asset is reported in “Other assets” in the accompanying Consolidated Balance Sheets.

Insurance Premiums

FGH’s insurance premiums for traditional life insurance products are recognized as revenue when due from the contractholder. FGH’s traditional life insurance products include those products with fixed and guaranteed premiums and benefits and consist primarily of term life insurance and certain annuities with life contingencies.

Premium collections for fixed indexed and fixed rate annuities, indexed universal life (“IUL”) policies and immediate annuities without life contingency are reported as deposit liabilities (i.e., contractholder funds) instead of as revenues. Similarly, cash payments to policyholders are reported as decreases in the liability for contractholder funds and not as expenses. Sources of revenues for products accounted for as deposit liabilities are net investment income, surrender and other charges deducted from contractholder funds, and net recognized gains (losses) on investments.

Net Investment Income

Dividends and interest income of FGL, Front Street and Salus, recorded in “Net investment income,” are recognized when earned. Amortization of premiums and accretion of discounts on investments in fixed maturity securities are reflected in “Net investment income” over the contractual terms of the investments in a manner that produces a constant effective yield.

For mortgage-backed securities, included in the fixed maturity available-for-sale securities portfolios, FGH recognizes income using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from originally anticipated prepayments, the effective yield is recalculated prospectively to reflect actual payments to date plus anticipated future payments. Any adjustments resulting from changes in effective yield are reflected in “Net investment income.”

Net Investment Gains (Losses)

Net investment gains (losses) include realized gains and losses of FGH from the sale of investments, write-downs for other-than-temporary impairments of available-for-sale investments, and gains and losses on derivative investments. For the insurance segment, realized gains and losses on the sale of investments are determined using the specific identification method.

Product Fees

Product fee revenue from indexed universal life insurance products and deferred annuities is comprised of policy and contract fees charged for the cost of insurance policy administration and is assessed on a monthly basis and recognized as revenue when assessed and earned. Product fee revenue also includes surrender charges which are recognized and collected when the policy is surrendered.

Oil and natural gas revenues

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 September 30, 2013 were not significant.

Shipping and Handling Costs

Shipping and handling costs, which are included in “Selling, acquisition, operating and general expenses” in the accompanying Consolidated Statements of Operations, include costs incurred with third-party carriers to transport products to customers and salaries and overhead costs related to activities to prepare the Company’s products for shipment at the Company’s distribution facilities. The Company incurred shipping and handling costs of $246.1, $198.2 and $201.5 during Fiscal 2013, 2012 and 2011, respectively.

Advertising Costs

Advertising costs, which are included in “Selling, acquisition, operating and general expenses” in the accompanying Consolidated Statements of Operations, include agency fees and other costs to create advertisements, as well as costs paid to third parties to print or broadcast the Company’s advertisements. The Company incurred advertising costs of $23.0, $20.7 and $30.7 during Fiscal 2013, 2012 and 2011, respectively.

Research and Development Costs

Research and development costs are charged to “Selling, acquisition, operating and general expenses” in the period they are incurred. The Company incurred research and development costs of $43.3, $33.1 and $32.9 during Fiscal 2013, 2012 and 2011, respectively.

Environmental Expenditures

Environmental expenditures that relate to current ongoing operations or to conditions caused by past operations are expensed or capitalized as appropriate. The Company determines its liability for environmental matters on a site-by-site basis and records a liability at the time when it is probable that a liability has been incurred and such liability can be reasonably estimated. The estimated liability is not reduced for possible recoveries from insurance carriers. Estimated environmental remediation expenditures are included in the determination of the net realizable value recorded for assets held for sale.

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 Consolidated Statements of Operations. The EXCO/HGI JV’s share of these charges was $4.3 from inception to the period ended September 30, 2013 and was classified as oil and natural gas production costs.

Comprehensive Income (Loss)

Comprehensive income (loss) includes foreign currency translation gains and losses on assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature and transactions designated as a hedge of a net investment in a foreign subsidiary, deferred gains and losses on derivative financial instruments designated as cash flow hedges, actuarial adjustments to pension plans, and unrealized gains (losses) and non-credit related other-than-temporary impairments on investment securities of the insurance segment classified as available-for-sale. Except for gains and losses resulting from exchange rate changes on intercompany balances of a long-term nature, the Company did not provide income taxes on currency translation adjustments prior to Fiscal 2013, as earnings from international subsidiaries were considered to be permanently reinvested. As of the beginning of Fiscal 2013, earnings from international subsidiaries are no longer considered to be permanently reinvested by the Company. Net unrealized gains and losses on investment securities classified as available-for-sale by FGH are reduced by deferred income taxes and adjustments to intangible assets, including VOBA and DAC, that would have resulted had such gains and losses been realized (see Note 13).

Fair Value Measurements

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.

Restructuring and Related Charges

Restructuring charges are recognized and measured according to the provisions of ASC Topic 420, “Exit or Disposal Cost Obligations,” (“ASC 420”). Under ASC 420, restructuring charges include, but are not limited to, termination and related costs consisting primarily of one-time termination benefits such as severance costs and retention bonuses, and contract termination costs consisting primarily of lease termination costs. Related charges, as defined by the Company, include, but are not limited to, other costs directly associated with exit and integration activities, including impairment of properties and other assets, departmental costs of full-time incremental integration employees, and any other items related to the exit or integration activities. Costs for such activities are estimated by management after evaluating detailed analyses of the cost to be incurred. Restructuring and related charges are reflected in “Consumer products cost of goods sold” and “Selling, acquisition, operating and general expenses” as applicable (see Note 24).

Benefits and Other Changes in Policy Reserves

Benefit expenses for deferred annuity, FIA and IUL policies include benefit claims incurred during the period in excess of contract account balances. Other changes in policy reserves also include the change in reserves for life insurance products with secondary guarantee benefits. For traditional life, policy benefit claims are charged to expense in the period that the claims are incurred.

Reclassifications and Retrospective Adjustments

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. As discussed further in Note 4, in Fiscal 2012 the Company finalized the provisional acquisition accounting balances for the FGL Acquisition, resulting in retrospective adjustments which increased the bargain purchase gain and net income by $7.3 in Fiscal 2011.

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 years ended September 30, 2012 and 2011, respectively:



	Year ended
		September 30, 2012			September 30, 2011

Net change in cash due to operating activities		$	4.0		$	2.5

Net change in cash due to financing activities		$	(4.0	)	$	(2.5	)

Recent Accounting Pronouncements

Presentation of Comprehensive Income

In June 2011, the FASB issued Accounting Standards Update (“ASU”) 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.

Joint and Several Liability Arrangements

In February 2013, the FASB issued ASU 2013-04, “Liabilities (Topic 405):Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date” (“ASU 2013-04”). ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation is fixed at the reporting date, except for obligations addressed within existing guidance in GAAP. The update is effective for fiscal years ending after December 15, 2014 and is required to be applied retrospectively to all prior periods presented for those obligations that existed upon adoption of ASU 2013-04. The Company is currently assessing the potential impact of ASU 2013-04.

Presentation of Unrecognized Tax Benefit

In July 2013, the FASB issued new accounting guidance which requires entities to present unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except to the extent the net operating loss carryforwards or tax credit carryforwards are not available to be used at the reporting date to settle additional income taxes, and the entity does not intend to use them for this purpose. The new accounting guidance is consistent with how the Company has historically accounted for unrecognized tax benefits in its Consolidated Statements of Financial Position, therefore the Company does not expect the adoption of this guidance to have a significant impact on its consolidated financial statements.

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Significant Risks and Uncertainties	12 Months Ended
Significant Risks and Uncertainties	Sep. 30, 2013
Risks and Uncertainties [Abstract]
Significant Risks and Uncertainties	Significant Risks and Uncertainties Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Due to the inherent uncertainty involved in making estimates, actual results in future periods could differ from those estimates. The Company’s significant estimates which are susceptible to change in the near term relate to (1) recognition of deferred tax assets and related valuation allowances (see Notes 4 and 23), (2) fair value of certain invested assets and derivatives including embedded derivatives (see Notes 5, 6 and 9), (3) other-than-temporary impairments of available-for-sale investments (see Note 5), (4) fair value of equity conversion feature of preferred stock (see Note 9), (5) estimates of reserves for loss contingencies, including litigation, regulatory and environmental reserves (see Note 26), (6) valuation and impairment recognition for long-lived assets including properties, oil and gas properties, and goodwill and intangibles (see Notes 2, 12 and 13) and (7) VOBA and DAC amortization (see Notes 2 and 13), and (8) reserves for future policy benefits and product guarantees (see Note 2.) FGL periodically, and at least annually, reviews the assumptions associated with reserves for policy benefits and product guarantees and amortization of intangibles. As part of the assumption review process that occurred in the quarter ended September 2013, changes were made to the surrender rates, earned rates and future index credits to bring the assumptions in line with current and expected future experience. The change in assumptions resulted in a net increase in future expected margins and corresponding “unlocking” and amortization adjustments, increasing intangible assets and reducing the net intangible asset amortization by $33.1 in Fiscal 2013. These assumptions are also used in the FIA embedded derivative reserve calculation and resulted in a decrease in benefits and other changes in policy reserves and a decrease in reserves of $45.3 during Fiscal 2013, net of related intangible amortization. Concentrations of Credit Risk and Major Customers Trade receivables subject the Company’s consumer products and energy segments to credit risk. Trade accounts receivable 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, natural gas and natural gas liquids (“NGLs”) 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 September 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. The Company’s consumer products segment 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 major customer represented approximately 18.0%, 23.0% and 24.0% of the Company’s “Net consumer product sales” during Fiscal 2013, 2012 and 2011, respectively. This major customer also represented approximately 11% and 13% of the Company’s trade accounts receivable, net as of September 30, 2013 and 2012, respectively (see Note 10). Approximately 41.0%, 46.0% and 44.0% of the Company’s “Net consumer product sales” during Fiscal 2013, 2012 and 2011, respectively, occurred outside of the United States. These sales and related receivables are subject to varying degrees of credit, currency, and political and economic risk. The Company monitors these risks and makes appropriate provisions for collectibility based on an assessment of the risks present. Concentrations of Financial Instruments As of September 30, 2013, the Company’s most significant investment in one industry was FGH’s investment securities in the banking industry with a fair value of $1,892.1, or 11.7%, of the invested assets portfolio. FGH’s holdings in this industry includes investments in 80 different issuers with the top ten investments accounting for 41.8% of the total holdings in this industry. As of September 30, 2013 and 2012, the Company had investments in 19 and 8 issuers that exceeded 10% of stockholders’ equity with a fair value of $1,983.7 and $1,082.0, or 12.0% and 6.0% of the invested assets portfolio, respectively. Additionally, the Company’s largest concentration in any single issuer as of September 30, 2013 and 2012 had a fair value of $150.7 and $152.9, or approximately 1.0% and 1.0% of the invested assets portfolio, respectively. Concentrations of Financial and Capital Markets Risk FGH is exposed to financial and capital markets risk, including changes in interest rates and credit spreads which can have an adverse effect on FGH’s results of operations, financial condition and liquidity prior to the FGL Acquisition. FGH expects to continue to face challenges and uncertainties that could adversely affect FGH’s results of operations and financial condition. FGH’s exposure to interest rate risk relates primarily to the market price and cash flow variability associated with changes in interest rates. A rise in interest rates, in the absence of other countervailing changes, will decrease the net unrealized gain position of FGH’s investment portfolio and, if long-term interest rates rise dramatically within a six to twelve month time period, certain of FGH’s products may be exposed to disintermediation risk. Disintermediation risk refers to the risk that policyholders may surrender their contracts in a rising interest rate environment, requiring FGH to liquidate assets in an unrealized loss position. This risk is mitigated to some extent by the high level of surrender charge protection provided by FGH’s products. Concentration of Reinsurance Risk FGH has a significant concentration of reinsurance with Wilton Reassurance Company (“Wilton Re”) (see Note 21) that could have a material impact on FGH’s financial position in the event that Wilton Re fails to perform its obligations under the various reinsurance treaties. As of September 30, 2013, the net amount recoverable from Wilton Re was $1,337.7. FGH monitors both the financial condition of individual reinsurers and risk concentration arising from similar geographic regions, activities and economic characteristics of reinsurers to reduce the risk of default by such reinsurers.

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References+ Details

Acquisitions

12 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Acquisitions

Acquisitions Completed in Fiscal 2013

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:



Negotiated sales price, excluding TLM Taiwan	$	1,300.0
Working capital and other adjustments at December 17, 2012 close	(10.7		)
Final working capital adjustment	(7.7		)
Final purchase price, excluding TLM Taiwan	1,281.6
Negotiated sales price, TLM Taiwan	100.0
Final TLM Taiwan working capital and other adjustments	(6.5		)
Total HHI Business purchase price	$	1,375.1

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 the HHI Business operations since December 17, 2012, excluding TLM Taiwan, are included in the Company’s Consolidated Statements of Operations. The results of TLM Taiwan operations since April 8, 2013 are included in the Company’s 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 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 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 23, 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:



	HHI Business Preliminary Valuation			TLM Taiwan Preliminary Valuation					Preliminary Valuation
	December 30, 2012			June 30, 2013		Adjustments/reclassifications			September 30, 2013
Cash	$	17.4		$	0.8	$	5.8		$	24.0
Accounts receivable	104.6			—		4.0			108.6
Inventory	207.2			1.1		0.1			208.4
Prepaid expenses and other	13.3			2.2		(6.2		)	9.3
Property, plant and equipment	104.5			36.8		(2.9		)	138.4
Intangible assets	470.0			17.1		2.0			489.1
Other long-term assets	3.1			0.1		4.4			7.6
Total assets acquired	920.1			58.1		7.2			985.4
Accounts payable	130.1			—		8.0			138.1
Deferred tax liability - current	7.1			—		0.1			7.2
Accrued liabilities	37.6			0.2		5.0			42.8
Deferred tax liability - long-term	104.7			1.9		9.8			116.4
Other long-term liabilities	11.2			8.1		0.4			19.7
Total liabilities assumed	290.7			10.2		23.3			324.2
Total identifiable net assets	629.4			47.9		(16.1		)	661.2
Non-controlling interests	(2.2		)	—		(1.7		)	(3.9		)
Goodwill	662.1			45.6		10.1			717.8
Total net assets acquired	$	1,289.3		$	93.5	$	(7.7	)	$	1,375.1

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 $10.1. The preliminary goodwill increased $9.8 as a result of recording certain state and foreign valuation allowances against deferred tax assets, $2.9 resulting from a reduction in certain property, plant and equipment asset values and $7.0 from changes in working capital and other asset and liability accounts based on new information obtained by Spectrum Brands. The preliminary goodwill decreased $7.7 as a result of the final working capital adjustment related to the December 17, 2012 close and $2.0 as a result of new information related to intangible assets which increased their value. The changes in estimates were the result of additional accounting information provided by Stanley Black & Decker during the period, as well as items identified by management. 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 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:


•	Inventories - An adjustment of $31.0 was recorded to adjust inventory to fair value. Finished goods were valued at estimated selling prices less the sum of costs of disposal and a reasonable profit allowance for the selling effort.


•	Property, plant and equipment, net - An adjustment of $10.0 was recorded to adjust the net book value of property, plant and equipment to fair value giving consideration to the highest and best use of the assets. The valuation of the property, plant and equipment was based on the cost approach.


•	Certain indefinite-lived intangible assets were valued using a relief from royalty methodology. Customer relationships and certain definite-lived intangible assets were valued using a multi-period excess earnings method. The total fair value of indefinite and definite lived intangibles was $489.1. A summary of the significant key inputs is as follows:

•

Spectrum Brands valued customer relationships using the income approach, specifically the multi-period excess earnings method. In determining the fair value of the customer relationships, the multi-period excess earnings approach values the intangible asset at the present value of the incremental after-tax cash flows attributable only to the customer relationship after deducting contributory asset charges. The incremental after-tax cash flows attributable to the subject intangible asset are then discounted to their present value. Only expected sales from current customers were used, which included an expected growth rate of 2.5% - 15.5%. Spectrum Brands assumed a customer retention rate of approximately 95.0%, which was supported by historical retention rates. Income taxes were estimated at 17.0% - 35.0% and amounts were discounted using a rate of 12.0%. The customer relationships were valued at $90.0 under this approach and will be amortized over 20 years.

•

Spectrum Brands valued indefinite lived trade names and trademarks using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. Royalty rates used in the determination of the fair values of trade names and trademarks ranged from 3.0% - 5.0% of expected net sales related to the respective trade names and trademarks. Spectrum Brands anticipates using the majority of the trade names and trademarks for an indefinite period as demonstrated by the sustained use of each subject trademark. In estimating the fair value of the trademarks and trade names, net sales for significant trade names and trademarks were estimated to grow at a rate of 2.5% - 5.0% annually with a terminal year growth rate of 2.5%. Income taxes were estimated at 35.0% and amounts were discounted using a rate of 12.0%. Trade name and trademarks were valued at $331.0 under this approach.

•

Spectrum Brands valued definite lived trade names using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. The royalty rates used in the determination of the fair values of the trade names ranged from 1.0% - 3.5% of expected net sales related to the respective trade name. Spectrum Brands assumed an 8 year useful life of the trade name. In estimating the fair value of the trade name, net sales for the trade name were estimated to grow at a rate of 2.5% - 15.5% annually. Income taxes were estimated at 17.0% - 35.0% and amounts were discounted using a rate of 12.0%. The trade names were valued at $4.1 under this approach.

•

Spectrum Brands valued a trade name license agreement using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the trade name was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related trademarks and trade names, other similar trademark licensing and transaction agreements and the relative profitability and perceived contribution of the trademarks and trade names. The royalty rate used in the determination of the fair value of the trade name license agreement was 4.0% of expected net sales related to the respective trade name. In estimating the fair value of the trade name license agreement, net sales were estimated to grow at a rate of 2.5% - 5.0% annually. Spectrum Brands assumed a 5 year useful life of the trade name license agreement. Income taxes were estimated at 35.0% and amounts were discounted using a rate of 12.0%. The trade name license agreement was valued at $13.0 under this approach.

•

Spectrum Brands valued technology using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of the HHI Business, related licensing agreements and the importance of the technology and profit levels, among other considerations. Royalty rates used in the determination of the fair values of technologies ranged from 4.0% - 5.0% of expected net sales related to the respective technology. Spectrum Brands anticipates using these technologies through the legal life of the underlying patent and therefore the expected life of these technologies was equal to the remaining legal life of the underlying patents which was 10 years. In estimating the fair value of the technologies, net sales were estimated to grow at a rate of 2.5% - 31.0% annually. Income taxes were estimated at 35.0% and amounts were discounted using the rate of 12.0%. The technology assets were valued at $51.0 under this approach.


•	Deferred tax liabilities, net - An adjustment of $123.6 was recorded to adjust deferred taxes for the preliminary fair value adjustments made in accounting for the purchase.

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:



	November 8, 2012
Negotiated sales price	$	50.0
Preliminary working capital adjustment	(0.4		)
Final working capital adjustment	0.1
Preliminary purchase price	$	49.7

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.

The results of Shaser’s operations since November 8, 2012 are included in the Company’s Consolidated Statements of Operations.

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 fair values recorded were determined based upon a valuation and the estimates and assumptions used in such valuation are final and the measurement period has closed.

The fair values recorded for the assets acquired and liabilities assumed for Shaser, including a reconciliation to the preliminary valuation reported as of December 30, 2012 are as follows:



	Preliminary Valuation						Preliminary Valuation
	December 30, 2012			Adjustments/reclassifications			September 30, 2013
Cash	$	0.9		$	—		$	0.9
Intangible asset	35.5			(6.2		)	29.3
Other assets	2.7			(2.5		)	0.2
Total assets acquired	39.1			(8.7		)	30.4
Total liabilities assumed	14.4			(5.6		)	8.8
Total identifiable net assets	24.7			(3.1		)	21.6
Non-controlling interest	(39.0		)	(0.1		)	(39.1		)
Goodwill	63.9			3.3			67.2
Total identifiable net assets	$	49.6		$	0.1		$	49.7

Subsequent to the preliminary purchase accounting, Spectrum Brands recorded adjustments to the preliminary valuation of assets and liabilities resulting in a net increase to goodwill of $3.3. Goodwill increased as a result of further information to support a key valuation factor that impacted the valuation of the technology asset acquired, and the resulting changes to the deferred tax asset and liabilities. This revised information was provided by Shaser during the period.

Pre-Acquisition Contingencies Assumed

Spectrum Brands has evaluated pre-acquisition contingencies relating to Shaser that existed as of the acquisition date. Based on the evaluation, Spectrum Brands has 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 purchase accounting for Shaser.

Valuation Adjustments

Spectrum Brands performed a 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:

•

Spectrum Brands valued the technology assets using the income approach, specifically the relief from royalty method. Under this method, the asset value was determined by estimating the hypothetical royalties that would have to be paid if the technology was not owned. Royalty rates were selected based on consideration of several factors, including prior transactions of Shaser, related licensing agreements and the importance of the technology and profit levels, among other considerations. The royalty rate used in the determination of the fair value of the technology asset was 10.5% of expected net sales related to the technology. Spectrum Brands anticipates using the technology through the legal life of the underlying patent and therefore the expected life of the technology was equal to the remaining legal life of the underlying patent which was 13 years. In estimating the fair value of the technology, net sales were estimated to grow at a long-term rate of 3.0% annually. Income taxes were estimated at 35.0% and amounts were discounted using the rate of 11.0%. The technology asset was valued at approximately $29.3 under this approach.

•

Spectrum Brands valued the non-controlling interest in Shaser, a private company, by applying both income and market approaches. Under these methods, the non-controlling value was determined by using a discounted cash flow method, a guideline companies method, and a recent transaction approach. In estimating the fair value of the non-controlling interest, key assumptions include (i) cash flow projections based on market participant data and estimates by Spectrum Brands management, with net sales estimated to grow at a terminal growth rate of 3.0% annually, income taxes estimated at 35.0%, and amounts discounted using a rate of 17.0%, (ii) financial multiples of companies deemed to be similar to Shaser, and (iii) adjustments because of lack of control or lack of marketability that market participants would consider when estimating the fair value of the non-controlling interest in Shaser. The non-controlling interest was valued at $39.0 under this approach.

•

Spectrum Brands, in connection with valuing the non-controlling interest in Shaser, also valued the Call Option. In addition to the valuation methods and key assumptions discussed above, Spectrum Brands compared the forecasted revenue and EBITDA multiples, as defined, associated with the Call Option to current guideline companies. The Call Option was determined to have an immaterial value under this approach.

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 2.0% by the General Partner. In addition, HGI and EXCO each own a 50.0% 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 all of the shallow Cotton Valley assets from an affiliate of BG Group for $130.7, after final purchase price adjustments. This acquisition included 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:



	EXCO's Contributed Assets February 14, 2013						BG Cotton Valley Assets March 5, 2013
	EXCO/HGI JV			HGI's Proportionate Interest			EXCO/HGI JV			HGI's Proportionate Interest
Assets acquired:
Cash	$	0.1		$	0.1		$	—		$	—
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			130.9			97.5
Total oil and natural gas properties	697.3			519.5			138.1			102.9
Gas Gathering and other assets	32.7			24.5			—			—
Liabilities assumed:
Accounts payable and other current liabilities	(10.8		)	(8.0		)	—			—
Other liabilities	(24.8		)	(18.5		)	(7.4		)	(5.5		)
Total purchase price	$	694.5		$	517.6		$	130.7		$	97.4

The EXCO/HGI JV performed a valuation of the assets acquired and liabilities assumed at February 14, 2013 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 $102.9, 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 $5.5, 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 Consolidated Balance Sheets.

Acquisitions Completed in Fiscal 2011

FGL Acquisition

On April 6, 2011, the Company acquired all of the outstanding shares of capital stock of FGH and certain intercompany loan agreements between the seller, as lender, and FGH, 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). The Company incurred approximately $22.7 of expenses related to the FGL Acquisition, including $5.0 of the $350.0 cash purchase price which has been re-characterized as an expense since the seller made a $5.0 expense reimbursement to the Master Fund upon closing of the FGL Acquisition. Such expenses are included in “Selling, acquisition, operating and general expenses” in the Consolidated Statements of Operations for the year ended September 30, 2011. The FGL Acquisition continued HGI’s strategy of obtaining controlling equity stakes in subsidiaries that operate across a diversified set of industries.

Net Assets Acquired

The acquisition of FGH has been accounted for under the acquisition method of accounting which requires the total purchase price to be allocated to the assets acquired and liabilities assumed based on their estimated fair values. The fair values assigned to the assets acquired and liabilities assumed are based on valuations using management’s best estimates and assumptions and were preliminary pending the completion of the valuation analysis of selected assets and liabilities. During the measurement period (which is not to exceed one year from the acquisition date), the Company is required to retrospectively adjust the provisional assets or liabilities if new information is obtained about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets or liabilities as of that date. Effective April 1, 2012, the Company finalized such provisional amounts which were previously disclosed as of September 30, 2011.

The following table summarizes the provisional and final amounts recognized at fair value for each major class of assets acquired and liabilities assumed as of the FGL Acquisition Date:



	Provisional Amounts		Fiscal 2012 Measurement Period Adjustments			Final Amounts
Investments, cash and accrued investment income, including cash acquired of $1,040.5	$	17,705.4	$	—		$	17,705.4
Reinsurance recoverable	929.8		15.2			945.0
Intangible assets (VOBA)	577.2		—			577.2
Deferred tax assets	256.6		(3.9		)	252.7
Other assets	72.8		—			72.8
Total assets acquired	19,541.8		11.3			19,553.1
Contractholder funds and future policy benefits	18,415.0		—			18,415.0
Liability for policy and contract claims	60.4		—			60.4
Note payable	95.0		—			95.0
Other liabilities	475.3		4.1			479.4
Total liabilities assumed	19,045.7		4.1			19,049.8
Net assets acquired	496.1		7.2			503.3
Cash consideration, net of $5.0 re-characterized as expense	345.0		—			345.0
Bargain purchase gain	$	151.1	$	7.2		$	158.3

The application of acquisition accounting resulted in a bargain purchase gain of $158.3, which is reflected in the Consolidated Statements of Operations for the year ended September 30, 2011. The amount of the bargain purchase gain is equal to the amount by which the fair value of net assets acquired exceeded the consideration transferred. The Company believes that the resulting bargain purchase gain is reasonable based on the following circumstances: (a) the seller was highly motivated to sell FGH, as it had publicly announced its intention to do so approximately a year prior to the sale, (b) the fair value of FGH’s investments and statutory capital increased between the date that the purchase price was initially negotiated and the FGL Acquisition Date, (c) as a further inducement to consummate the sale, the seller waived, among other requirements, any potential upward adjustment of the purchase price for an improvement in FGH’s statutory capital between the date of the initially negotiated purchase price and the FGL Acquisition Date and (d) an independent appraisal of FGH’s business indicated that its fair value was in excess of the purchase price.

Reinsurance Transactions

As discussed in Note 21, pursuant to the F&G Stock Purchase Agreement on April 7, 2011, FGH recaptured all of the life business ceded to OM Re. OM Re transferred assets with a fair value of $653.7 to FGH in settlement of all of OM Re’s obligations under these reinsurance agreements. Such amounts are reflected in FGH’s purchase price allocation. Further, on April 7, 2011, FGH ceded on a coinsurance basis a significant portion of this business to Raven Re. Certain transactions related to Raven Re such as the surplus note issued to OMGUK in the principal amount of $95.0, which was used to partially capitalize Raven Re and the Structuring Fee of $13.8 are also reflected in FGH’s purchase price allocation. Pursuant to the terms of the Raven Springing Amendment, the amount payable to Wilton at the closing of such amendment was adjusted to reflect the economic performance for the Raven Block from January 1, 2011 until the effective time of the closing of the Raven Springing Amendment. The estimated economic performance for the period from January 1, 2011 to April 6, 2011 was considered in the FGH’s opening balance sheet and purchase price allocation. Of the ongoing settlement adjustments resolved with Wilton Re, as discussed in Note 21, it was determined that $11.2, less $3.9 of deferred income taxes, related to the pre-acquisition period, and were reflected as measurement period adjustments to the initial purchase price allocation. Such adjustments have been retrospectively reflected in the accompanying consolidated financial statements as of and for the year ended September 30, 2011.

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 FGH whereby Front Street would reinsure up to $3,000.0 of insurance obligations under annuity contracts of FGH, and Harbinger Capital Partners II LP (“HCP II”), an affiliate of the HCP 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 FGH.

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. FGH 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 September 30, 2013 (essentially unchanged from September 30, 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 Consolidated Balance Sheets as of September 30, 2013. A corresponding credit to “Gain on contingent purchase price reduction” was recorded in earnings during Fiscal 2012. Changes in the estimated fair value of the contingent consideration resulting from events after the acquisition date are accounted for in earnings upon each remeasurement date, until such time as the contingency is resolved.

Intangible Assets

VOBA represents the estimated fair value of the right to receive future net cash flows from in-force contracts in a life insurance company acquisition at the acquisition date. VOBA is being amortized over the expected life of the contracts in proportion to either gross premiums or gross profits, depending on the type of contract. Total gross profits include both actual experience as it arises and estimates of gross profits for future periods. FGH will regularly evaluate and adjust the VOBA balance with a corresponding charge or credit to earnings for the effects of actual gross profits and changes in assumptions regarding estimated future gross profits. The amortization of VOBA is reported in “Amortization of intangibles” in the Consolidated Statements of Operations. The proportion of the VOBA balance attributable to each of the product groups associated with this acquisition as of the FGL Acquisition Date is as follows: 80.4% related to FIA’s, and 19.6% related to deferred annuities.

Refer to Note 13 for FGH’s historical and estimated future amortization of VOBA, net of interest.

Deferred Taxes

The future tax effects of temporary differences between financial reporting and tax bases of assets and liabilities are measured at the balance sheet date and are recorded as deferred income tax assets and liabilities. The acquisition of FGH is considered a non-taxable acquisition under tax accounting criteria, therefore, the tax basis of assets and liabilities reflect an historical (carryover) basis at the FGL Acquisition Date. However, since assets and liabilities reported under US GAAP are adjusted to fair value as of the FGL Acquisition Date, the deferred tax assets and liabilities are also adjusted to reflect the effects of those fair value adjustments. This resulted in shifting FGH into a significant net deferred tax asset position at the FGL Acquisition Date, principally due to the write-off of DAC and the establishment of a significantly lesser amount of VOBA which resulted in reducing the associated deferred tax liabilities and thereby shifting FGH’s net deferred tax position. This shift, coupled with the application of certain tax limitation provisions that apply in the context of a change in ownership transaction, most notably Section 382 of the IRC, relating to “Limitation in Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change,” as well as other applicable provisions under Sections 381-384 of the IRC, require FGH to reconsider the realization of FGH’s gross deferred tax asset position and the need to establish a valuation allowance against it. Management determined that a valuation allowance against a portion of the gross deferred tax asset (“DTA”) was required as of FGL Acquisition Date.

The components of the net deferred tax assets as of the FGL Acquisition Date (updated for measurement period adjustments) are as follows:



Deferred tax assets:
DAC	$	96.8
Insurance reserves and claim related adjustments	401.7
Net operating losses	128.4
Capital losses (carryovers and deferred)	267.5
Tax credits	75.2
Other deferred tax assets	24.1
Total deferred tax assets	993.7
Valuation allowance	(405.4		)
Deferred tax assets, net of valuation allowance	588.3
Deferred tax liabilities:
VOBA	202.0
Investments	121.2
Other deferred tax liabilities	12.4
Total deferred tax liabilities	335.6
Net deferred tax assets	$	252.7

Supplemental Pro Forma Information

The following table reflects the Company’s unaudited pro forma results for Fiscal 2013, 2012 and 2011 had the results of the Hardware Acquisition, the acquisition of the Company’s interest in the EXCO/HGI JV and FGH been included for each of the full year periods, as if the respective acquisitions were completed on October 1, 2010.



	September 30,
	2013			2012			2011 (a)

Revenues:
Reported revenues	$	5,543.4		$	4,480.7		$	3,477.7
FGH adjustment (b)	—			—			685.8
HHI adjustment	191.8			973.6			975.1
EXCO/HGI JV adjustment	53.7			149.3			213.8
Pro forma revenues	$	5,788.9		$	5,603.6		$	5,352.4

Net (loss) income:
Reported net (loss) income	$	(69.0	)	$	110.7		$	7.3
FGH adjustment (b)	—			—			84.9
HHI adjustment	4.9			76.1			77.0
EXCO/HGI JV adjustment	(0.4		)	(6.8		)	49.4
Pro forma net (loss) income	$	(64.5	)	$	180.0		$	218.6

Basic net (loss) income per common share attributable to controlling interest:
Reported net (loss) income per common share	$	(0.67	)	$	0.15		$	0.11
FGH adjustment	—			—			0.61
HHI adjustment	0.04			0.55			0.55
EXCO/HGI JV adjustment	—			(0.05		)	0.35
Pro forma net (loss) income per common share	$	(0.63	)	$	0.65		$	1.62

Diluted net (loss) income per common share attributable to controlling interest:
Reported diluted net (loss) income per common share	$	(0.67	)	$	0.15		$	0.09
FGH adjustment	—			—			0.54
HHI adjustment	0.04			0.54			0.49
EXCO/HGI JV adjustment	—			(0.05		)	0.31
Pro forma diluted net (loss) income per common share	$	(0.63	)	$	0.64		$	1.43


(a)	Reported revenues and net income for Fiscal 2011 include the actual reported results of FGH for the approximate six month period subsequent to April 6, 2011. Reported net income also includes the $158.3 non-recurring bargain purchase gain which was recorded as of the FGL Acquisition Date, and reflects the retrospective measurement period adjustments disclosed above.


(b)	The pro forma information primarily reflects the following pro forma adjustments applied to FGH’s historical results:


•	Reduction in net investment income to reflect amortization of the premium on fixed maturity securities — available-for-sale resulting from the fair value adjustment of these assets;


•	Reversal of amortization associated with the elimination of FGH’s historical DAC;


•	Amortization of VOBA associated with the establishment of VOBA arising from the acquisition;


•	Adjustments to reflect the impacts of the recapture of the life business from OM Re and the retrocession of the majority of the recaptured business and the reinsurance of certain life business previously not reinsured to an unaffiliated third party reinsurer, including the amortization of the related $13.8 Structuring Fee;


•	Adjustments to eliminate interest expense on notes payable to seller and add interest expense on the new $95.0 surplus note payable (which was subsequently settled in October 2011);


•	Adjustments to reflect the full-period effect of interest expense on the initial $350.0 of 10.625% Notes issued on November 15, 2010, the proceeds of which were used to fund the FGL Acquisition; and


•	Reversal of the change in the deferred tax valuation allowance included in the income tax provision.

Other Acquisitions

During the years ended September 30, 2012 and 2011, Spectrum Brands completed the following acquisitions which were not considered significant individually or collectively:

Black Flag

On October 31, 2011, Spectrum Brands completed the $43.8 cash acquisition of the Black Flag and TAT trade names (“Black Flag”) from The Homax Group, Inc., a portfolio company of Olympus Partners. The Black Flag and TAT product lines consist of liquids, aerosols, baits and traps that control ants, spiders, wasps, bedbugs, fleas, flies, roaches, yellow jackets and other insects. In accordance with ASC Topic 805, Business Combinations (“ASC 805”), Spectrum Brands accounted for the acquisition by applying the acquisition method of accounting.

The results of Black Flag’s operations since October 31, 2011 are included in the accompanying Consolidated Statements of Operations. The purchase price of $43.8 has been allocated to the acquired net assets, including $25.0 of identifiable intangible assets, $15.9 of goodwill, $2.5 of inventories, and $0.4 of properties and other assets.

FURminator

On December 22, 2011, Spectrum Brands completed the $141.8 cash acquisition of FURminator, Inc. (“FURminator”) from HKW Capital Partners III, L.P. FURminator is a leading worldwide provider of branded and patented pet deshedding products. In accordance with ASC 805, Spectrum Brands accounted for the acquisition by applying the acquisition method of accounting.

The results of FURminator operations since December 22, 2011 are included in the accompanying Consolidated Statements of Operations. The purchase price of $141.8 has been allocated to the acquired net assets, including $79.0 of identifiable intangible assets, $68.5 of goodwill, $9.2 of current assets, $0.7 of properties and $15.7 of current and long-term liabilities.

Seed Resources

During Fiscal 2011, Spectrum Brands completed several business acquisitions which were not significant individually or collectively. The largest of these was the $10.5 cash acquisition of Seed Resources, LLC (“Seed Resources”) on December 3, 2010. Seed Resources is a wild seed cake producer through its Birdola premium brand seed cakes. The acquisition was accounted for under the acquisition method of accounting. The results of Seed Resources’ operations since December 3, 2010 are included in the accompanying Consolidated Statements of Operations. The purchase price of $12.5 (representing cash paid of $10.5 and contingent consideration accrued of $2.0) included $1.1 of trade name intangible assets and $10.0 of goodwill.

Acquisition and Integration Related Charges

Acquisition and integration related charges reflected in “Selling, acquisition, operating and general expenses” in the accompanying 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.

The following table summarizes acquisition and integration related charges incurred by the Company for the years ended September 30, 2013, 2012 and 2011:



	September 30,
	2013		2012		2011
SB/RH Merger
Integration costs	$	3.5	$	10.2	$	23.1
Employee termination charges	0.2		3.9		8.1
Legal and professional fees	—		1.5		4.9
	3.7		15.6		36.1
HHI Business
Legal and professional fees	27.7		—		—
Integration costs	8.9		—		—
Employee termination charges	0.3		—		—
	36.9		—		—

FGL	—		—		22.7
Spectrum Brands	—		—		1.1
EXCO/HGI JV	9.2		—		—
FURminator	2.3		7.9		—
BlackFlag	0.2		3.4		—
Shaser	4.8		—		—
Other	5.3		7.9		3.7
Total acquisition and integration related charges	$	62.4	$	34.8	$	63.6

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

Investments, Debt and Equity Securities [Abstract]

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+ Details

Investments

12 Months Ended

Sep. 30, 2013

Investments

The Company’s consolidated investments are summarized as follows:



	September 30, 2013
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Carrying Value

Fixed-maturity securities, available-for sale
Asset-backed securities	$	1,505.7	$	22.6	$	(5.2	)	$	1,523.1	$	1,523.1
Commercial mortgage-backed securities	431.3		24.7		(1.6		)	454.4		454.4
Corporates	9,314.7		288.7		(185.1		)	9,418.3		9,418.3
Hybrids	412.6		19.5		(3.3		)	428.8		428.8
Municipals	998.8		49.0		(40.8		)	1,007.0		1,007.0
Agency residential mortgage-backed securities	96.5		2.4		(0.3		)	98.6		98.6
Non-agency residential mortgage-backed securities	1,304.0		77.4		(13.4		)	1,368.0		1,368.0
U.S. Government	998.5		7.2		(3.9		)	1,001.8		1,001.8
Total fixed maturities	15,062.1		491.5		(253.6		)	15,300.0		15,300.0
Equity securities
Available-for-sale	274.6		6.7		(10.3		)	271.0		271.0
Held for trading	120.1		0.6		(39.2		)	81.5		81.5
Total equity securities	394.7		7.3		(49.5		)	352.5		352.5
Derivatives	141.7		88.5		(8.4		)	221.8		221.8
Asset-based loans	560.4		—		—			560.4		560.4
Other invested assets
Policy loans and other invested assets	31.2		—		—			31.2		31.2
Total investments	$	16,190.1	$	587.3	$	(311.5	)	$	16,465.9	$	16,465.9



	September 30, 2012
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Carrying Value

Fixed-maturity securities, available-for-sale
Asset-backed securities	$	1,010.9	$	18.6	$	(1.6	)	$	1,027.9	$	1,027.9
Commercial mortgage-backed securities	520.0		36.2		(2.4		)	553.8		553.8
Corporates	10,211.8		807.2		(10.0		)	11,009.0		11,009.0
Hybrids	519.0		18.8		(9.6		)	528.2		528.2
Municipals	1,083.2		141.9		(1.1		)	1,224.0		1,224.0
Agency residential mortgage-backed securities	149.5		5.8		(0.3		)	155.0		155.0
Non-agency residential mortgage-backed securities	629.1		35.8		(4.3		)	660.6		660.6
U.S. Government	917.5		12.9		—			930.4		930.4
Total fixed-maturity securities	15,041.0		1,077.2		(29.3		)	16,088.9		16,088.9
Equity securities
Available-for-sale	237.5		11.9		(1.3		)	248.1		248.1
Held for trading	191.8		—		(45.0		)	146.8		146.8
Total equity securities	429.3		11.9		(46.3		)	394.9		394.9
Derivatives	142.1		67.0		(8.4		)	200.7		200.7
Asset-based loans	180.1		—		—			180.1		180.1
Other invested assets
U.S. Treasuries and certificate of deposit, held-to-maturity	35.0		—		—			35.0		35.0
Policy loans and other invested assets	18.8		—		—			18.8		18.8
Total other invested assets	53.8		—		—			53.8		53.8
Total investments	$	15,846.3	$	1,156.1	$	(84.0	)	$	16,918.4	$	16,918.4

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 September 30, 2013 and 2012, respectively. The non-agency residential mortgage-backed securities unrealized losses and gains represent the difference between book value and fair value on securities that were previously impaired. There have been no impairments or write downs on any of the 2013 purchased non-agency residential mortgage-backed securities.

Securities held on deposit with various state regulatory authorities had a fair value of $19.4 and $20.7 at September 30, 2013 and 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.



	September 30, 2013
	Amortized Cost		Fair Value
Corporates, Non-structured Hybrids, Municipal and U.S. Government securities:
Due in one year or less	$	978.5	$	982.4
Due after one year through five years	2,739.1		2,805.8
Due after five years through ten years	2,972.4		3,000.9
Due after ten years	5,007.5		5,037.5
Subtotal	11,697.5		11,826.6
Other securities which provide for periodic payments:
Asset-backed securities	1,505.7		1,523.1
Commercial-mortgage-backed securities	431.3		454.3
Structured hybrids	27.1		29.4
Agency residential mortgage-backed securities	96.5		98.6
Non-agency residential mortgage-backed securities	1,304.0		1,368.0
Total fixed maturity available-for-sale securities	$	15,062.1	$	15,300.0

Securities in an Unrealized Loss Position

FGH’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, FGH 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. FGH also considers the ability and intent to hold the investment for a period of time to allow for a recovery of value.

FGH 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. FGH has concluded that the fair values of the securities presented in the table below were not other-than-temporarily impaired as of September 30, 2013.

The fair value and gross unrealized losses of available-for-sale securities, aggregated by investment category, were as follows:



	September 30, 2013
	Less than 12 months					12 months or longer					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Available-for-sale securities
Asset-backed securities	$	329.3	$	(4.5	)	$	81.5	$	(0.7	)	$	410.8	$	(5.2	)
Commercial-mortgage-backed securities	26.6		(0.5		)	4.9		(1.1		)	31.5		(1.6		)
Corporates	3,457.2		(175.0		)	186.0		(10.1		)	3,643.2		(185.1		)
Equities	118.6		(9.1		)	32.2		(1.2		)	150.8		(10.3		)
Hybrids	52.0		(3.3		)	—		—			52.0		(3.3		)
Municipals	333.3		(27.3		)	144.4		(13.5		)	477.7		(40.8		)
Agency residential mortgage-backed securities	9.8		(0.1		)	1.1		(0.2		)	10.9		(0.3		)
Non-agency residential mortgage-backed securities	325.2		(12.2		)	69.9		(1.2		)	395.1		(13.4		)
U.S. Government	753.9		(3.9		)	—		—			753.9		(3.9		)
Total available-for-sale securities	$	5,405.9	$	(235.9	)	$	520.0	$	(28.0	)	$	5,925.9	$	(263.9	)
Total number of available-for-sale securities in an unrealized loss position			588					78					666



	September 30, 2012
	Less than 12 months					12 months or longer					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Available-for-sale securities
Asset-backed securities	$	169.8	$	(1.0	)	$	7.5	$	(0.6	)	$	177.3	$	(1.6	)
Commercial-mortgage-backed securities	0.8		(0.8		)	10.7		(1.6		)	11.5		(2.4		)
Corporates	411.3		(8.1		)	45.5		(1.9		)	456.8		(10.0		)
Equities	—		—			44.5		(1.3		)	44.5		(1.3		)
Hybrids	13.4		(0.4		)	107.7		(9.2		)	121.1		(9.6		)
Municipals	71.1		(1.1		)	—		—			71.1		(1.1		)
Agency residential mortgage-backed securities	1.8		(0.2		)	6.1		(0.1		)	7.9		(0.3		)
Non-agency residential mortgage-backed securities	12.9		(0.3		)	101.8		(4.0		)	114.7		(4.3		)
Total available-for-sale securities	$	681.1	$	(11.9	)	$	323.8	$	(18.7	)	$	1,004.9	$	(30.6	)
Total number of available-for-sale securities in an unrealized loss position			100					56					156

At September 30, 2013 and 2012, securities in an unrealized loss position were primarily concentrated in investment grade corporate debt instruments and municipals. Total unrealized losses were $263.9 and $30.6 at September 30, 2013 and 2012, respectively. The increase in the unrealized loss position is largely due to the increase in Treasury yields in the current fiscal year. 10 year US Treasury yields increased from 1.63% at September 30, 2012 to 2.64% at September 30, 2013. As a result, corporate debt holdings generally declined in value during this period. Management believes the increase in Treasury yields during the fiscal year is attributable to concerns about the cessation of liquidity measures being provided by the Federal Reserve.

At September 30, 2013 and 2012, securities with a fair value of $60.9 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.

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 FGH for the years ended September 30, 2013, 2012 and 2011, for which a portion of the other-than-temporary impairment was recognized in AOCI:



	Year ended September 30,
	2013		2012		2011
Beginning balance	$	2.7	$	0.7	$	—
Increases attributable to credit losses on securities:
Other-than-temporary impairment was previously recognized	—		0.1		—
Other-than-temporary impairment was not previously recognized	—		1.9		0.7
Ending balance	$	2.7	$	2.7	$	0.7

For the year ended September 30, 2013, FGH recognized impairment losses in operations totaling $2.9, including credit impairments of $0.8 and change-of-intent impairments of $2.2 and had an amortized cost of $9.6 and a fair value of $6.7 at the time of impairment. For the year ended September 30, 2012, FGH recognized impairment losses in operations totaling $22.8, including credit impairments of $5.7, and change-of-intent impairments of $17.1, as well as non-credit losses in other comprehensive income totaling $1.5, for investments which experienced other-than-temporary impairments and had an amortized cost of $162.3 and a fair value of $138.0 at September 30, 2012. For the year ended September 30, 2011, FGH recognized impairment losses in operations totaling $18.0, including credit impairments of $5.1 and change-of-intent impairments of $12.9, as well as non-credit gains totaling $0.5 in other comprehensive income, for investments which experienced other-than-temporary impairments and had an amortized cost of $103.3 and a fair value of $85.8 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:



	Year ended September 30,
	2013		2012		2011
Other-than-temporary impairments recognized in net income:
Corporates	$	1.2	$	4.1	$	1.5
Non-agency residential mortgage-backed securities	1.2		7.5		5.1
Equities	—		—		11.0
Hybrids	—		9.7		—
Other invested assets	0.5		1.5		0.4
Total other-than-temporary impairments	$	2.9	$	22.8	$	18.0

Asset-based Loans

Salus’ portfolio of asset-based loans receivable, included in “Asset-based loans” in the Consolidated Balance Sheets as of September 30, 2013 and September 30, 2012, consisted of the following:



	September 30, 2013		September 30, 2012
Asset-based loans, by major industry:
Wholesale	$	56.8	$	77.2
Apparel	252.9		70.1
Jewelry	125.8		27.9
Other	130.1		6.3
Total asset-based loans	565.6		181.5
Less: Allowance for credit losses	5.2		1.4
Total asset-based loans, net	$	560.4	$	180.1

Salus establishes its allowance for credit losses 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 year ended September 30, 2013 and September 30, 2012:



	Year ended September 30,
	2013		2012
Allowance for credit losses:
Balance at beginning of year	$	1.4	$	—
Provision for credit losses	3.8		1.4
Charge-offs	—		—
Recoveries	—		—
Balance at end of year	$	5.2	$	1.4

Credit Quality Indicators

Salus 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 September 30, 2013 and September 30, 2012, Salus 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 September 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.



	Internal Risk Rating
	Pass		Special Mention		Substandard		Doubtful		Total
September 30, 2013	$	306.9	$	36.7	$	222.0	$	—	$	565.6
September 30, 2012	$	91.6	$	89.9	$	—	$	—	$	181.5

Net Investment Income

The major sources of “Net investment income” on the accompanying Consolidated Statements of Operations were as follows:



	Year ended September 30,
	2013			2012			2011
Fixed maturity available-for-sale securities	$	686.2		$	707.1		$	364.8
Equity available-for-sale securities	14.8			14.0			10.2
Policy loans	0.8			0.7			1.5
Invested cash and short-term investments	1.4			4.9			0.1
Other investments	48.3			7.7			0.3
Gross investment income	751.5			734.4			376.9
External investment expense	(16.8		)	(11.7		)	(7.1		)
Net investment income	$	734.7		$	722.7		$	369.8

Net investment gains (losses)

“Net investment gains (losses)” reported on the accompanying Consolidated Statements of Operations were as follows:



	Year ended September 30,
	2013			2012			2011
Net realized gains before other-than-temporary impairments	$	332.9		$	287.2		$	34.9
Gross other-than-temporary impairments	(2.9		)	(24.3		)	(17.5		)
Non-credit portion of other-than-temporary impairments included in other comprehensive income	—			1.5			(0.5		)
Net realized gains on fixed maturity available-for-sale securities	330.0			264.4			16.9
Realized gains on equity securities	12.6			0.9			(10.9		)
Net realized gains on securities	342.6			265.3			6.0
Realized gains (losses) on certain derivative instruments	20.5			(10.3		)	(44.8		)
Unrealized gains on certain derivative instruments	148.6			156.3			(126.0		)
Change in fair value of derivatives	169.1			146.0			(170.8		)
Realized gains on other invested assets	(0.1		)	(1.3		)	(2.1		)
Net investment gains (losses)	$	511.6		$	410.0		$	(166.9	)

For the year ended September 30, 2013, principal repayments, calls, tenders, and proceeds from the sale of fixed maturity available-for-sale securities totaled $8,986.9, gross gains on such sales totaled $351.2 and gross losses totaled $18.3, respectively. The proceeds from the sale of fixed maturity available-for sale securities exclude maturities and repayments for the year ended September 30, 2013.

For the year ended September 30, 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 21 totaled $4,603.0, gross gains on such sales totaled $295.9 and gross losses totaled $13.8, respectively. The proceeds from the sale of fixed maturity available-for sale securities exclude maturities and repayments for the year ended September 30, 2012.

For the year ended September 30, 2011, proceeds from the sale of fixed maturity available-for-sale securities, including assets transferred to Wilton Re as discussed in Note 21 totaled $1,804.0, gross gains on such sales totaled $42.0 and gross losses totaled $17.1. The proceeds from the sale of fixed maturity available-for sale securities exclude maturities and repayments for the year ended September 30, 2011.

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 $2.9, $22.8 and $18.0 for the year ended September 30, 2013, 2012 and 2011, respectively. The portion of other-than-temporary impairments is recognized in AOCI in the accompanying Consolidated Statements of Comprehensive Income.

Cash flows from consolidated investing activities by security classification were as follows:



	Year ended September 30,
	2013			2012			2011
Proceeds from investments sold, matured or repaid:
Available-for-sale	$	8,986.9		$	5,833.4		$	1,482.2
Held-to-maturity	—			109.6			101.8
Trading (acquired for holding)	92.9			106.1			29.5
Derivatives and other	352.4			157.6			86.4
	$	9,432.2		$	6,206.7		$	1,699.9
Cost of investments acquired:
Available-for-sale	$	(8,757.5	)	$	(5,640.1	)	$	(1,286.0	)
Held-to-maturity	—			(68.7		)	(123.4		)
Trading (acquired for holding)	(20.8		)	(122.3		)	(332.7		)
Derivatives and other	(162.5		)	(141.6		)	(66.9		)
	$	(8,940.8	)	$	(5,972.7	)	$	(1,809.0	)

Derivative Financial Instruments

12 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

The fair value of outstanding derivative contracts recorded in the accompanying Consolidated Balance Sheets were as follows:



Asset Derivatives	Classification	September 30, 2013		September 30, 2012
Derivatives designated as hedging instruments:
Commodity swap and option agreements	Receivables, net	$	0.4	$	1.0
Commodity swap and option agreements	Other assets	—		1.0
Foreign exchange forward agreements	Receivables, net	1.7		1.2
Total asset derivatives designated as hedging instruments		2.1		3.2
Derivatives not designated as hedging instruments:
Commodity contracts	Receivables, net	3.7		—
Call options	Derivatives	221.8		200.7
Foreign exchange contracts	Receivables, net	0.1		—
Total asset derivatives		$	227.7	$	203.9



Liability Derivatives	Classification	September 30, 2013		September 30, 2012
Derivatives designated as hedging instruments:
Commodity contracts	Accounts payable and other current liabilities	$	0.5	$	—
Foreign exchange forward agreements	Accounts payable and other current liabilities	4.6		3.1
Foreign exchange contracts	Other liabilities	0.1		—
Total liability derivatives designated as hedging instruments		5.2		3.1
Derivatives not designated as hedging instruments:
Commodity contracts	Other liabilities	1.9		—
FIA embedded derivative	Contractholder funds	1,544.4		1,550.8
Futures contracts	Other liabilities	1.0		0.9
Foreign exchange forward contracts	Accounts payable and other current liabilities	5.3		4.0
Foreign exchange forward contracts	Accounts payable and other current liabilities	—		2.9
Equity conversion feature of preferred stock	Equity conversion feature of preferred stock	330.8		232.0
Total liability derivatives		$	1,888.6	$	1,793.7

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 Consolidated Statements of Operations, and within AOCI, for the years ended September 30, 2013, 2012 and 2011:



Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)									Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)									Amount of Gain ( Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)								Classification
Year ended September 30,	2013			2012			2011			2013			2012			2011			2013		2012		2011
Commodity contracts	$	(2.6	)	$	1.6		$	(1.7	)	$	(0.6	)	$	(1.1	)	$	2.6		$	—	$	0.1	$	(0.1	)		Consumer products cost of goods sold
Interest rate contracts	—			—			(0.1		)	—			(0.9		)	(3.3		)	—		—		(0.2		)	(a)	Interest expense
Foreign exchange contracts	0.9			0.1			(0.5		)	0.9			(0.5		)	(0.1		)	—		—		—				Net consumer products sales
Foreign exchange contracts	(0.3		)	(3.5		)	(3.7		)	0.6			(0.6		)	(12.4		)	—		—		—				Consumer products cost of goods sold
Total	$	(2.0	)	$	(1.8	)	$	(6.0	)	$	0.9		$	(3.1	)	$	(13.2	)	$	—	$	0.1	$	(0.3	)


(a)	Reclassified from AOCI associated with the prepayment of portions of Spectrum Brands’ senior credit facility (see Note 16).

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. FGH recognizes all derivative instruments as assets or liabilities in the 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 Consolidated Statements of Operations. During the years ended September 30, 2013, 2012 and 2011, the Company recognized the following gains (losses) on these derivatives:



Derivatives Not Designated as Hedging Instruments	Gain (Loss) Recognized in Income on Derivatives									Classification
	Year ended September 30,
	2013			2012			2011
Equity conversion feature of preferred stock	$	(101.6	)	$	(156.6	)	$	27.9		(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock
Oil and natural gas commodity contracts	(1.3		)	—			—			Other expense, net
Commodity contracts	(0.1		)	—			—			Consumer products cost of goods sold
Foreign exchange contracts	(3.6		)	5.9			(5.1		)	Other expense, net
Call options	151.6			100.0			(142.7		)	Net investment gains (losses)
Futures contracts	17.5			46.0			(28.1		)	Net investment gains (losses)
Available-for-sale embedded derivatives	—			0.4			—			Net investment income
FIA embedded derivatives	(6.4		)	154.5			(70.0		)	Benefits and other changes in policy reserves
Total	$	56.1		$	150.2		$	(218.0	)

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 September 30, 2013 and 2012, 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 September 30, 2013, Spectrum Brands had a series of foreign exchange derivative contracts outstanding through September 2014 with a contract value of $255.9. At September 30, 2012, Spectrum Brands had a series of foreign exchange derivative contracts outstanding through September 2013 with a contract value of $202.5. The derivative net (loss) on these contracts recorded in AOCI at September 30, 2013 was $(1.4), net of tax expense of $0.6 and noncontrolling interest of $0.9. The derivative net (loss) on these contracts recorded in AOCI at September 30, 2012 was $(0.8), net of tax benefit of $0.6 and noncontrolling interest of $0.6. At September 30, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings over the next twelve months is $1.3, 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 September 30, 2013, Spectrum Brands had a series of zinc swap contracts outstanding through December 2014 for 8 tons with a contract value of $16.2. At September 30, 2013, Spectrum Brands had a series of brass swap contracts outstanding through September 2014 for one ton with a contract value of $7.4. At September 30, 2012, Spectrum Brands had a series of zinc swap contracts outstanding through September 2014 for 15 tons of raw materials with a contract value of $29.2. The derivative net (loss) on these contracts recorded in AOCI at September 30, 2013 was insignificant. The derivative net gain on these contracts recorded in AOCI at September 30, 2012 was $0.9, net of tax expense of $0.3 and noncontrolling interest of $0.7. At September 30, 2013, the portion of derivative net loss estimated to be reclassified from AOCI into earnings over the next twelve months is insignificant.

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 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 September 30, 2013 and 2012, Spectrum Brands had $108.5 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 September 30, 2013, Spectrum Brands had a series of such swap contracts outstanding through May 2014 for 45 troy ounces with a contract value of $1.0. At September 30, 2012, Spectrum Brands did not have any commodity swap contracts outstanding.

FGH - FIA Contracts

FGH 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 Consolidated Balance Sheets with changes in fair value included as a component of “Benefits and other changes in policy reserves” in the Consolidated Statements of Operations.

FGH 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 FGH purchases new one, two or three year call options to fund the next index credit. FGH manages the cost of these purchases through the terms of its FIA contracts, which permit FGH 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 FGH’s risk tolerance. FGH’s FIA hedging strategy economically hedges the equity returns and exposes FGH to the risk that unhedged market exposures result in divergence between changes in the fair value of the liabilities and the hedging assets. FGH uses a variety of techniques, including direct estimation of market sensitivities and value-at-risk, to monitor this risk daily. FGH intends to continue to adjust the hedging strategy as market conditions and FGH’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 and, as a result, the EXCO/HGI JV recognizes the change in the respective instruments’ fair value in earnings.

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 Consolidated Balance Sheets fair value amounts.

The EXCO/HGI JV’s natural gas and oil derivative instruments are comprised of swap contracts. Swap contracts allow 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 September 30, 2013 (presented on a calendar-year basis):



(in millions, except volumes and prices)	Volume Mmmbtus/Mbbls	Weighted average strike price per Mmbtu/Bbl		September 30, 2013
Natural gas:
Swaps:
Remainder of 2013	5,141.0	$	3.72	$	0.6
2014	10,877.0	4.14		3.0
Total natural gas	16,018.0			$	3.6
Oil:
Swaps:
Remainder of 2013	103.0	$	94.05	$	(0.8	)
2014	272.0	91.87		(0.9		)
Total oil	375.0			$	(1.7	)
Total oil and natural gas derivatives				$	1.9

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 September 30, 2013, the average forward NYMEX oil prices per barrel (“Bbl”) for the remainder of 2013 and calendar year 2014 were $102.05 and $96.31, respectively, and the average forward NYMEX natural gas prices per Mmbtu for the remainder of 2013 and calendar year 2014, were $3.64 and $3.86, respectively.

The EXCO/HGI JV’s derivative financial instruments covered approximately 74.0% of production volumes from inception to September 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 September 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 September 30, 2013 and 2012, Spectrum Brands had posted cash collateral of $0.5 and $0.1, respectively, related to such liability positions. In addition, at September 30, 2013 and 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 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.

FGH 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. FGH maintains a policy of requiring all derivative contracts to be governed by an International Swaps and Derivatives Association (“ISDA”) Master Agreement.

Information regarding FGH’s exposure to credit loss on the call options it holds is presented in the following table:



		September 30, 2013								September 30, 2012
Counterparty	Credit Rating (Moody’s/S&P)	Notional Amount		Fair Value		Collateral		Net Credit Risk		Notional Amount		Fair Value		Collateral		Net Credit Risk
Merrill Lynch	NA/A	$	2,037.8	$	70.7	$	—	70.7		$	1,884.0	$	64.1	$	—	$	64.1
Deutsche Bank	A2/A	1,620.4		51.7		23.0		28.7		1,816.5		61.7		—		61.7
Morgan Stanley	Baa1/A	2,264.1		75.7		49.0		26.7		1,634.7		51.6		—		51.6
Royal Bank of Scotland	A3/A	364.3		20.3		—		20.3		353.9		19.6		—		19.6
Barclay's Bank	A2/A	120.8		3.4		—		3.4		131.3		3.1		—		3.1
Credit Suisse	A2/A-	—		—		—		—		10.0		0.6		—		0.6
		$	6,407.4	$	221.8	$	72.0	$	149.8	$	5,830.4	$	200.7	$	—	$	200.7

Collateral Agreements

FGH is required to maintain minimum ratings as a matter of routine practice under its ISDA agreements. Under some ISDA agreements, FGH 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 FGH or the counterparty would be dependent on the market value of the underlying derivative contracts. FGH’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, FGH 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 September 30, 2013, counterparties posted $72.0 of collateral. As of September 30, 2012, no collateral was posted by FGH’s counterparties as they did not meet the net exposure thresholds. Accordingly, the maximum amount of loss due to credit risk that FGH would incur if parties to the call options failed completely to perform according to the terms of the contracts was $149.8 and $200.7 at September 30, 2013 and 2012, respectively.

FGH held 1,693 and 2,835 futures contracts at September 30, 2013 and 2012, respectively. The fair value of futures contracts represents the cumulative unsettled variation margin (open trade equity net of cash settlements). FGH 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 Consolidated Balance Sheets. The amount of collateral held by the counterparties for such contracts was $5.9 and $9.8 at September 30, 2013 and 2012, respectively.

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

Securitizations and Variable Interest Entities [Abstract]

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+ Details

Securitizations and Variable Interest Entities

12 Months Ended

Sep. 30, 2013

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-based loans that it had originated through that date. In September 2013, Salus increased the CLO securitization to a notional aggregate principal amount of $331.1 of the asset-based loans that it had originated through that date. 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-based loans” under Investments in the Consolidated Balance Sheet as of September 30, 2013 were asset-based loans of $337.8 that serve as collateral to the unaffiliated obligations of the CLO of $181.8, net of discount of $1.1. The unaffiliated obligations of the CLO are included within “Debt” in the Consolidated Balance Sheet as of September 30, 2013. At September 30, 2013, the asset-based loans receivable included $302.1 of seller’s interest.

The table below summarizes select information related to the CLO vehicle in which Salus held a variable interest at September 30, 2013.



	September 30, 2013
Maximum loss exposure	$	337.8
Asset-based loans receivable	$	337.8
Cash and other assets	156.7
Total assets of consolidated VIE	494.5
Long-term debt	485.0
Other liabilities	2.9
Total liabilities of consolidated VIE	$	487.9

Fair Value of Financial Instruments

12 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

The Company’s consolidated assets and liabilities measured at fair value are summarized according to the hierarchy previously described as follows:



	September 30, 2013
	Level 1		Level 2		Level 3		Fair Value
Assets
Cash and cash equivalents (a)	$	1,899.7	$	—	$	—	$	1,899.7
Contingent purchase price reduction receivable	—		—		41.0		41.0
Derivatives:
Foreign exchange forward agreements	—		1.8		—		1.8
Commodity swap and option agreements	—		4.1		—		4.1
Call options and futures contracts	—		221.8		—		221.8
Fixed maturity securities, available-for-sale:
Asset-backed securities	—		1,518.1		5.0		1,523.1
Commercial mortgage-backed securities	—		448.7		5.7		454.4
Corporates	—		8,957.2		461.1		9,418.3
Hybrids	—		428.8		—		428.8
Municipals	—		1,007.0		—		1,007.0
Agency residential mortgage-backed securities	—		98.6		—		98.6
Non-agency residential mortgage-backed securities	—		1,368.0		—		1,368.0
U.S. Government	790.9		210.9		—		1,001.8
Equity securities:
Available-for-sale	—		271.0		—		271.0
Trading	70.8		—		10.7		81.5
Total financial assets	$	2,761.4	$	14,536.0	$	523.5	$	17,820.9

Liabilities
Derivatives:
FIA embedded derivatives, included in contractholder funds	$	—	$	—	$	1,544.4	$	1,544.4
Futures contracts	—		1.0		—		1.0
Foreign exchange forward agreements	—		10.0		—		10.0
Commodity swap and option agreements	—		2.4		—		2.4
Equity conversion feature of preferred stock	—		—		330.8		330.8
Total financial liabilities	$	—	$	13.4	$	1,875.2	$	1,888.6



	September 30, 2012
	Level 1		Level 2		Level 3		Fair Value
Assets
Cash and cash equivalents (a)	$	1,468.4	$	2.3	$	—	$	1,470.7
Contingent purchase price reduction receivable	—		—		41.0		41.0
Derivatives:
Foreign exchange forward agreements	—		1.2		—		1.2
Commodity swap and option agreements	—		2.0		—		2.0
Call options	—		200.7		—		200.7
Fixed maturity securities, available-for-sale:
Asset-backed securities	—		1,012.0		15.9		1,027.9
Commercial mortgage-backed securities	—		548.8		5.0		553.8
Corporates	—		10,873.7		135.3		11,009.0
Hybrids	—		519.4		8.8		528.2
Municipals	—		1,224.0		—		1,224.0
Agency residential mortgage-backed securities	—		155.0		—		155.0
Non-agency residential mortgage-backed securities	—		660.6		—		660.6
U.S. Government	930.4		—		—		930.4
Equity securities
Available-for-sale	—		248.1		—		248.1
Trading	146.8		—		—		146.8
Total financial assets	$	2,545.6	$	15,447.8	$	206.0	$	18,199.4

Liabilities
Derivatives:
FIA embedded derivatives, included in contractholder funds	$	—	$	—	$	1,550.8	$	1,550.8
Futures contracts	—		0.9		—		0.9
Foreign exchange forward agreements	—		10.0		—		10.0
Commodity swap and option agreements	—		—		—		—
Equity conversion feature of preferred stock	—		—		232.0		232.0
Total financial liabilities	$	—	$	10.9	$	1,782.8	$	1,793.7


(a)	The fair values of cash equivalents and equity investments set forth above are generally based on quoted or observed market prices.


(b)	The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.

Valuation Methodologies

Fixed Maturity Securities & Equity Securities

FGH 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 FGH will then consistently apply the valuation methodology to measure the security’s fair value. FGH’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. FGH 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.

FGH did not adjust prices received from third parties as of September 30, 2013 and 2012. However, FGH does analyze the third party valuation methodologies and its related inputs to perform assessments to determine the appropriate level within the fair value hierarchy.

Derivative Financial Instruments

The fair value of derivative assets and liabilities is based upon valuation pricing models, which represents what FGH would expect to receive or pay at the balance sheet date if it canceled 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 FGH’s FIA products are derived using market indices, pricing assumptions and historical data.

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 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 the 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.

Pension Plan Assets

See Note 20 with respect to fair value measurements of the Company’s pension plan assets.

Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of September 30, 2013 and 2012 are as follows:



			Fair Value at				Range (Weighted average)
Assets	Valuation Technique	Unobservable Input(s)	September 30, 2013		September 30, 2012		September 30, 2013	September 30, 2012
Contingent purchase price reduction receivable	Discounted cash flow	Probability of collection	$	41.0	$	41.0	88% - 96% (92%)	88% - 96% (92%)
		Expected term					9 months	9 months
		Discount rate					1%	0.72%
		Credit insurance risk premium					11%	12%
Asset-backed securities	Broker-quoted	Offered quotes	5.0		15.9		100% - 107% (101%)	100% - 110% (103%)
Commercial mortgage-backed securities	Broker-quoted	Offered quotes	5.7		5.0		96%	101%
Corporates	Broker-quoted	Offered quotes	404.5		103.3		0% - 113% (90%)	0% - 141% (69%)
Corporates	Market Pricing	Quoted prices	56.6		32.0		90% - 131% (97%)	88% - 158% (98%)
Hybrids	Market Pricing	Quoted prices	—		8.8		—	0% - 103% (25%)
Equity	Option Pricing	Risk-adjusted rate	10.7		—		25.0%	—
		Risk-free discount factor					0.999	—
		Risk-adjusted discount factor					0.995	—
		Upward movement factor (Mu)					1.1	—
		Downward movement factor (Md)					0.9	—
		Probability of upward movement (Pu)					48.6%	—
		Probability of downward movement (Pd)					51.4%	—
Total			$	523.5	$	206.0

Liabilities
FIA embedded derivatives, included in contractholder funds	Discounted cash flow	Market value of option	$	1,544.4	$	1,550.8	0% - 38% (4%)	0% - 31% (4%)
		SWAP rates					2% - 3% (2%)	0.76% - 2% (1%)
		Mortality multiplier					80%	70%
		Surrender rates					0.50% - 75% (7%)	2% - 50% (7%)
		Non-performance spread					0.25% - 0.25% (0.25%)	0.25% - 0.25% (0.25%)
Equity conversion feature of preferred stock	Monte Carlo simulation / Option model	Annualized volatility of equity	330.8		232.0		42%	41%
		Discount yield					11%	12% - 13% (12%)
		Non-cash accretion rate					0%	0%
		Calibration adjustment					0% - 1.0% (0.3%)	10% - 13% (11%)
Total			$	1,875.2	$	1,782.8

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 the equity investment are risk-adjusted rate, risk-free discount factor, risk-adjusted discount factor, upward movement factor, downward movement factor, probability of upward movement and probability of downward movement. Significant increases (decreases) in risk-adjusted discount factor, upward movement factor and probability of upward movement would result in a higher (lower) fair value measurement. Significant increases (decreases) in risk-free discount factor, risk-adjusted rate, downward movement factor and probability of downward movement 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 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 at September 30, 2013 and 2012, is based on the 2000 and 1983 annuity tables, respectively 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 years ended September 30, 2013, 2012 and 2011. 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.



	Year ended September 30, 2013
	Balance at Beginning of Period		Total Gains (Losses)														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Assets
Contingent purchase price reduction receivable	$	41.0	$	—		$	—		$	—	$	—		$	—		$	—		$	41.0
Fixed maturity securities available-for-sale:
Asset-backed securities	15.9		—			(0.2		)	—		—			(0.2		)	(10.5		)	5.0
Commercial mortgage-backed securities	5.0		—			(0.3		)	1.0		—			—			—			5.7
Corporates	135.3		(0.3		)	(13.4		)	406.0		(9.6		)	(23.1		)	(33.8		)	461.1
Hybrids	8.8		—			(0.1		)	—		—			—			(8.7		)	—
Equity securities - trading	—		—			—			10.7		—			—			—			10.7
Equity securities - available-for-sale	—		0.2			—			10.5		(10.7		)	—			—			—
Total assets at fair value	$	206.0	$	(0.1	)	$	(14.0	)	$	428.2	$	(20.3	)	$	(23.3	)	$	(53.0	)	$	523.5

	Balance at Beginning of Period		Total (Gains) Losses														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Liabilities
FIA embedded derivatives, included in contractholder funds	$	1,550.8	$	(6.4	)	$	—		$	—	$	—		$	—		$	—		$	1,544.4
Equity conversion feature of preferred stock	232.0		101.6			—			—		—			(2.8		)	—			330.8
Total liabilities at fair value	$	1,782.8	$	95.2		$	—		$	—	$	—		$	(2.8	)	$	—		$	1,875.2


(a)	The net transfers in and out of Level 3 during the year ended September 30, 2013 were exclusively to or from Level 2.



	Year ended September 30, 2012
	Balance at Beginning of Period		Total Gains (Losses)														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Assets
Contingent purchase price reduction receivable	$	—	$	41.0		$	—		$	—	$	—		$	—		$	—		$	41.0
Fixed maturity securities available-for-sale:
Asset-backed securities	374.5		—			7.4			410.7		—			(38.8		)	(737.9		)	15.9
Commercial mortgage-backed securities	—		—			—			5.0		—			—			—			5.0
Corporates	159.7		—			(3.6		)	1.3		(26.8		)	(14.2		)	18.9			135.3
Hybrids	5.2		—			(0.1		)	—		—			—			3.7			8.8
Municipals	—		—			0.1			10.2		—			—			(10.3		)	—
Agency residential mortgage-backed securities	3.3		—			—			—		—			—			(3.3		)	—
Non-agency residential mortgage-backed securities	3.8		(0.1		)	—			—		(0.5		)	(0.3		)	(2.9		)	—
Total assets at fair value	$	546.5	$	40.9		$	3.8		$	427.2	$	(27.3	)	$	(53.3	)	$	(731.8	)	$	206.0

	Balance at Beginning of Period		Total (Gains) Losses														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Liabilities
FIA embedded derivatives, included in contractholder funds	$	1,396.3	$	154.5		$	—		$	—	$	—		$	—		$	—		$	1,550.8
Equity conversion feature of preferred stock	75.4		156.6			—			—		—			—			—			232.0
Available-for-sale embedded derivatives	0.4		(0.4		)	—			—		—			—			—			—
Total liabilities at fair value	$	1,472.1	$	310.7		$	—		$	—	$	—		$	—		$	—		$	1,782.8


(a)	The net transfers in and out of Level 3 during the year ended September 30, 2012 was exclusively to or from Level 2.



	Year ended September 30, 2011
	Balance at FGL Acquisition Date		Total Gains (Losses)														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at FGL Acquisition Date		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Assets
Fixed maturity securities available-for-sale:
Asset-backed securities	$	400.0	$	—		$	0.8		$	2.0	$	—		$	(13.7	)	$	(14.6	)	$	374.5
Corporates	197.6		2.0			5.4			10.4		(48.9		)	(6.7		)	(0.1		)	159.7
Hybrids	8.3		—			(0.1		)	—		—			—			(3.0		)	5.2
Agency residential mortgage-backed securities	3.3		—			—			—		—			—			—			3.3
Non-agency residential mortgage-backed securities	18.5		2.4			0.4			—		(15.7		)	(1.8		)	—			3.8
Total assets at fair value	$	627.7	$	4.4		$	6.5		$	12.4	$	(64.6	)	$	(22.2	)	$	(17.7	)	$	546.5

	Balance at FGL Acquisition Date		Total (Gains) Losses														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at FGL Acquisition Date		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Liabilities
FIA embedded derivatives, included in contractholder funds	$	1,466.3	$	(70.0	)	$	—		$	—	$	—		$	—		$	—		$	1,396.3
Equity conversion feature of preferred stock	—		(27.9		)	—			—		103.3			—			—			75.4
Available-for-sale embedded derivatives	0.4		—			—			—		—			—			—			0.4
Total liabilities at fair value	$	1,466.7	$	(97.9	)	$	—		$	—	$	103.3		$	—		$	—		$	1,472.1


(a)	The net transfers in and out of Level 3 during the year ended September 30, 2011 was exclusively to or from Level 2.

FGH 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. FGH transferred $79.3 U.S. Government securities from Level 1 into Level 2 for the year ended September 30, 2013 reflecting the level of market activity in these instruments and there were no transfers between Level 1 and Level 2 for the years ended September 30, 2012 and 2011.

Primary market issuance and secondary market activity for certain asset-backed, hybrid and corporate securities during Fiscal 2013 and 2012 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 FGH concluding that there is sufficient trading activity in similar instruments to support classifying these securities as Level 2 as of September 30, 2013. Accordingly, FGH’s assessment resulted in a net transfer out of Level 3 of $53.0 related to asset-backed, corporate, and hybrid securities during Fiscal 2013. FGH’s assessment resulted in a net transfer out of Level 3 of $731.8 related to asset-backed securities, corporates, hybrids, municipals and residential mortgage-backed securities during Fiscal 2012, and a net transfer out of $17.7 related to asset-backed securities, corporates and hybrids during Fiscal 2011.

Non-Recurring Fair Value Measurements

Goodwill, intangible assets and other long-lived assets are tested annually or if an event occurs that indicates an impairment loss may have been incurred (see Note 13) using fair value measurements with unobservable inputs (Level 3).

As discussed in Note 2, “Significant Accounting Policies and Practices and Recent Accounting Pronouncements”, the EXCO/HGI JV assesses its oil and natural gas properties for potential impairment due to an other than temporary trend that would negatively impact the fair value. The EXCO/HGI JV evaluated its proved and unproved oil and natural gas properties for impairment using discounted cash flow models based on internally generated oil and natural gas reserves as of September 30, 2013. The pricing utilized in these models was based on NYMEX futures, 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 contract 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. The EXCO/HGI JV’s oil and natural gas properties are further discounted based on the reserve category and management’s assessment of recoverability. As a result of this evaluation, the EXCO/HGI JV impaired approximately $10.3 of undeveloped properties which were transferred to the depletable portion of the full cost pool. After this transfer, the EXCO/HGI JV then impaired $54.3 of proved oil and natural gas properties which is reflected in “Impairment of oil and natural gas properties” in Consolidated Statements of Operations. These impairments were primarily due to recent drilling results, modifications to our development plans, and a decline in natural gas futures prices.

The fair value measurements utilized as part of the impairment calculation include significant unobservable inputs that are considered to be Level 3 within the fair value hierarchy. These unobservable inputs include management’s estimates of reserve quantities, commodity prices, operating costs, development costs, discount factors and other risk factors applied to the future cash flows. The EXCO/HGI JV’s carrying cost of its unproved oil and natural gas properties, which approximates fair value, was $36.5 at September 30, 2013. The EXCO/HGI JV’s unamortized carrying cost of its proved developed and undeveloped oil and natural gas properties, which approximates fair value, was $515.9 at September 30, 2013.

Financial Assets and Liabilities Not Measured at Fair Value

The carrying amount, estimated fair value and the level of the fair value hierarchy of the Company’s financial instrument assets and liabilities which are not measured at fair value on the Consolidated Balance Sheets are summarized as follows:



	September 30, 2013
	Level 1		Level 2		Level 3		Fair Value		Carrying Amount
Assets
Policy loans and other invested assets	$	—	$	—	$	31.2	$	31.2	$	31.2
Asset-based loans	—		—		560.4		560.4		560.4
Total financial assets	$	—	$	—	$	591.6	$	591.6	$	591.6

Liabilities
Total debt (a)	$	—	$	4,773.2	$	—	$	4,773.2	$	4,896.1
Redeemable preferred stock, excluding equity conversion feature	—		—		377.1		377.1		329.4
Investment contracts, included in contractholder funds	—		—		12,378.6		12,378.6		13,703.8
Total financial liabilities	$	—	$	4,773.2	$	12,755.7	$	17,528.9	$	18,929.3



	September 30, 2012
	Level 1		Level 2		Level 3		Estimated Fair Value		Carrying Amount
Assets
U.S. Treasuries and certificate of deposit, held-to-maturity	$	—	$	35.0	$	—	$	35.0	$	35.0
Policy loans and other invested assets	—		—		18.8		18.8		18.8
Asset-based loans	—		—		180.1		180.1		180.1
Total financial assets	$	—	$	35.0	$	198.9	$	233.9	$	233.9

Liabilities
Total debt (a)	$	524.0	$	1,804.8	$	—	$	2,328.8	$	2,167.0
Redeemable preferred stock, excluding equity conversion feature	—		—		368.9		368.9		319.2
Investment contracts, included in contractholder funds	—		—		12,271.9		12,271.9		13,739.6
Total financial liabilities	$	524.0	$	1,804.8	$	12,640.8	$	14,969.6	$	16,225.8


(a)	The fair values of debt set forth above are generally based on quoted or observed market prices.


(b)	The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.

Valuation Methodology

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 FGH 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 September 30, 2013 and 2012, this resulted in lower fair value reserves relative to the carrying value. FGH 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 fair value of redeemable preferred stock, excluding the equity conversion feature, is derived under the same model and using the same inputs and assumptions, as is used to determine the fair value of the equity conversion feature of said redeemable preferred stock, as is discussed in the disclosures pertaining to financial instruments measured at fair value above.

The fair value of the asset-based 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.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References+ Details

Receivables, net

12 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Receivables, net

“Receivables, net” in the accompanying Consolidated Balance Sheets consist of the following:



	September 30, 2013		September 30, 2012
Trade accounts receivable
Consumer products	$	518.7	$	357.2
Oil and natural gas	16.7		—
Total trade accounts receivable	535.4		357.2
Less: Allowance for doubtful trade accounts receivable	37.4		21.9
Total trade accounts receivable, net	498.0		335.3
Contingent purchase price reduction receivable (Note 4)	41.0		41.0
Other receivables	72.3		38.1
Total receivables, net	$	611.3	$	414.4

The following is an analysis of the allowance for doubtful trade accounts receivable:



Period	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Other Adjustments		Balance at End of Period
Fiscal 2013	$	21.9	$	15.5	$	—	$	—	$	37.4
Fiscal 2012	14.1		7.8		—		—		21.9
Fiscal 2011	4.3		9.8		—		—		14.1

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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Inventories, net

12 Months Ended

Sep. 30, 2013

Inventories, net [Abstract]

Inventories, net

“Inventories, net” in the accompanying Consolidated Balance Sheets, which are stated at the lower of cost or market, consist of the following:



	September 30, 2013		September 30, 2012
Raw materials	$	97.3	$	58.5
Work-in-process	40.6		23.4
Finished goods	495.0		370.7
Total inventories, net	$	632.9	$	452.6

Property, Plant and Equipment [Abstract]

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Properties, including oil and gas properties, net

12 Months Ended

Sep. 30, 2013

Properties, including Oil and Natural Gas Properties, net

Properties, including oil and natural gas properties, net, consist of the following:



	September 30, 2013			September 30, 2012
Oil and natural gas properties (full cost accounting method)
Unproved oil and natural gas properties and development costs not being amortized	$	36.4		$	—
Proved developed and undeveloped oil and natural gas properties	546.0			—
Less: Accumulated depletion	(30.1		)	—
Total oil and natural gas properties, net	552.3			—
Other properties
Land, buildings and improvements	169.8			93.6
Gas gathering assets	21.1			—
Machinery, equipment and other	488.3			325.7
Construction in progress	46.8			18.4
Total other properties, at cost	726.0			437.7
Less: Accumulated depreciation	285.0			216.1
Total other properties, net	441.0			221.6
Total properties, including oil and natural gas properties, net	$	993.3		$	221.6

In September 2013, the EXCO/HGI JV recognized an impairment of $54.3 to proved oil and natural gas properties. See Note 2 and Note 9 for additional information.

Goodwill and Intangible Assets Disclosure [Abstract]

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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Goodwill and Intangibles, including DAC and VOBA, net

12 Months Ended

Sep. 30, 2013

Goodwill and Intangibles, including DAC and VOBA, net

A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGH’s deferred acquisition costs (“DAC”) and value of business acquired (“VOBA”) balances, are as follows:



				Intangible Assets
	Goodwill			Indefinite Lived			Definite Lived			VOBA			DAC			Total
Balance at Balance at September 30, 2011	$	610.3		$	826.8		$	857.1		$	419.1		$	38.1		$	2,141.1
Acquisitions (Note 4)	85.9			22.0			82.1			—			—			104.1
Deferrals	—			—			—			—			194.9			194.9
Less: Components of amortization -
Periodic amortization	—			—			(63.7		)	(171.9		)	(20.2		)	(255.8		)
Interest	—			—			—			28.9			1.9			30.8
Unlocking	—			—			—			(2.5		)	3.1			0.6
Reclassifications	—			(3.5		)	3.5			—			—			—
Adjustment for unrealized investment (gains), net	—			—			—			(169.3		)	(48.6		)	(217.9		)
Effect of translation	(2.0		)	(4.2		)	(5.1		)	—			—			(9.3		)
Balance at Balance at September 30, 2012	694.2			841.1			873.9			104.3			169.2			1,988.5
Acquisitions (Note 4)	786.6			331.0			188.3			—			—			519.3
Deferrals	—			—			—			—			147.4			147.4
Less: Components of amortization -
Periodic amortization	—			—			(77.8		)	(194.6		)	(62.1		)	(334.5		)
Interest	—			—			—			21.8			9.5			31.3
Unlocking	—			—			—			35.8			7.3			43.1
Reclassifications	—			—			—			—			—			—
Adjustment for unrealized investment losses, net	—			—			—			258.0			69.3			327.3
Effect of translation	(4.1		)	6.0			0.7			—			—			6.7
Balance at Balance at September 30, 2013	$	1,476.7		$	1,178.1		$	985.1		$	225.3		$	340.6		$	2,729.1

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 September 30, 2013 and September 30, 2012, the VOBA balance included cumulative adjustments for net unrealized investment (gains) of $(81.4) and $(339.4), respectively, and the DAC balances included cumulative adjustments for net unrealized investment losses (gains) of $18.6 and $(50.7), respectively. Amortization of VOBA and DAC for the years ended September 30, 2013, 2012 and 2011 was $137.0, $145.5 and $(12.0), and $45.3, $15.2 and $0.9, respectively.

The above DAC balances include $26.2 and $9.1 of deferred sales inducements (“DSI”), net of shadow adjustments, as of September 30, 2013 and September 30, 2012, respectively.

Definite lived intangible assets are summarized as follows:



	September 30, 2013							September 30, 2012
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net		Amortizable Life
Customer relationships	$	885.9	$	(160.8	)	$	725.1	$	796.2	$	(113.0	)	$	683.2	15 to 20 years
Trade names	171.6		(44.7		)	126.9		150.8		(28.3		)	122.5		1 to 12 years
Technology assets	172.1		(39.0		)	133.1		91.0		(22.8		)	68.2		4 to 17 years
	$	1,229.6	$	(244.5	)	$	985.1	$	1,038.0	$	(164.1	)	$	873.9

Amortization expense for definite lived intangible assets is as follows:



	Year ended
	September 30, 2013		September 30, 2012		September 30, 2011
Customer relationships	$	44.9	$	40.2	$	38.3
Trade names	16.6		14.4		12.6
Technology assets	16.3		9.1		6.8
	$	77.8	$	63.7	$	57.7

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 4.8 and 6.7 years, respectively. Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:



	Estimated Amortization Expense
Fiscal Year	VOBA		DAC
2014	$	47.1	$	29.8
2015	45.3		32.5
2016	39.6		31.7
2017	32.4		30.0
2018	26.4		28.1
2019 and thereafter	115.9		169.9

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

Debt

12 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Debt

The Company’s consolidated debt consists of the following:



	September 30, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
HGI:
7.875% Senior Secured Notes, due July 15, 2019	$	925.0		7.9	%	$	—	—
10.625% Senior Secured Notes, due November 15, 2015	—			—		500.0		10.6	%
Spectrum Brands:
Term Loan, due December 17, 2019	594.7			4.7	%	—		—
Term Loan, due September 4, 2019	300.0			3.6	%	—		—
Term Loan, due September 4, 2022	850.0			3.0	%	—		—
Former term loan facility	—			—		370.2		5.1	%
9.5% Senior Secured Notes, due June 15, 2018	—			—		950.0		9.5	%
6.75% Senior Notes, due March 15, 2020	300.0			6.8	%	300.0		6.8	%
6.375% Senior Notes, due November 15, 2020	520.0			6.4	%	—		—
6.625% Senior Notes, due November 15, 2022	570.0			6.6	%	—		—
ABL Facility, expiring May 24, 2017	—			5.7	%	—		4.3	%
Other notes and obligations	28.5			8.5	%	18.1		10.9	%
Capitalized lease obligations	67.4			6.2	%	26.7		6.2	%
FGH
6.375% Senior Notes, due April 1, 2021	300.0			6.4	%	—		—
EXCO/HGI JV
EXCO/HGI JV Credit Agreement, due February 14, 2018	271.2			2.7	%	—		—
Salus
Unaffiliated long-term debt of consolidated variable-interest entity	182.9			6.6	%	—		—
Total	4,909.7					2,165.0
Original issuance (discounts) premiums on debt, net	(13.6		)			2.0
Total debt	4,896.1					2,167.0
Less current maturities	102.9					16.4
Non-current portion of debt	$	4,793.2				$	2,150.6

Aggregate scheduled maturities of debt as of September 30, 2013 are as follows:



Fiscal Year	Scheduled Maturities
2014	$	102.9
2015	79.3
2016	77.7
2017	671.7
2018	283.1
Thereafter	3,695.0
	$	4,909.7

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 Consolidated Statements of Operations for the year ended September 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, FGL, HGI Energy, Front Street, 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 year ended September 30, 2013. These fees are classified as “Other assets” in the accompanying Consolidated Balance Sheets as of September 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 September 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 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. In connection with the New Notes offering the Company recorded $5.1 of fees during the year ended September 30, 2013. These fees are classified as “Other assets” in the accompanying Consolidated Balance Sheets as of September 30, 2013, and are being amortized to interest expense utilizing the effective interest method over the term of the New Notes.

Spectrum Brands

Term Loan

In December 2012, Spectrum Brands entered into a senior term loan facility, which matures on December 17, 2019, and provides for borrowings in an aggregate principal amount of $800.0, with $100.0 in Canadian dollar equivalents (the "HHI Term Loan") in connection with the acquisition of the HHI Business from Stanley Black & Decker. A portion of the HHI 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 year ended September 30, 2013.

On September 4, 2013, Spectrum Brands amended the senior term loan facility, issuing a tranche maturing September 4, 2017, which provides for borrowings in an aggregate principal amount of $850.0, and a tranche maturing September 4, 2019, which provides borrowings in an aggregate principal amount of $300.0, (together with the HHI Term Loan, the "Term Loan"). The proceeds from the amendment were used to extinguish the former 9.5% Notes, which were scheduled to mature on June 15, 2018, and for general corporate purposes. The 9.5% Notes had an outstanding amount of $950.0 prior to extinguishment.

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.

The HHI Term Loan was issued at a 1.0% discount and recorded net of the $8.0 discount incurred. The discount is reflected as an adjustment to the carrying value of principal, and is being amortized with a corresponding charge to interest expense over the remaining life of the debt. In connection with the issuance of the HHI Term Loan, Spectrum Brands recorded $19.3 of fees during the year ended September 30, 2013, of which $16.9, are classified as Debt issuance costs within “Other assets” in the accompanying Consolidated Balance Sheets and is being amortized as an adjustment to interest expense over the remaining life of the HHI Term Loan with the remainder of $2.4 reflected as an increase to interest expense during the year ended September 30, 2013.

The tranches related to the amendment of the Term Loan were issued at a 0.5% discount and recorded net of the $5.8 discount incurred. The discount is reflected as an adjustment to the carrying value of principal, and is being amortized with a corresponding charge to interest expense over the remaining life of the debt. In connection with the amendment of the Term Loan, Spectrum Brands recorded $16.4 of fees during Fiscal 2013 which are classified as Debt issuance costs within “Other assets” in the accompanying Consolidated Balance Sheets and is being amortized as an adjustment to interest expense over the remaining life of the Term Loan.

9.5% Notes

On August 6, 2013, Spectrum Brands launched a cash tender offer (the “Tender Offer”) and consent solicitation (the “Consent Solicitation”) with respect to any and all of its outstanding 9.5% Senior Secured Notes due in 2018 (the “9.5% Notes”). Pursuant to the Consent Solicitation, Spectrum Brands received consents to the adoption of certain amendments to the indenture governing the 9.5% Notes to, among other things, eliminate substantially all of the restrictive covenants, certain events of default and other related provisions. The terms of the Tender Offer provided that holders of the 9.5% Notes who tendered their 9.5% Notes prior to the expiration of a consent solicitation period, which ended August 19, 2013, would receive tender offer consideration and a consent payment. Holders tendering their 9.5% Notes subsequent to expiration of the consent solicitation period, but prior to the September 3, 2013 expiration of the Tender Offer period, would receive only tender offer consideration. As of the expiration of the consent solicitation period, holders of the 9.5% Notes had tendered approximately $893.1 of the 9.5% Notes. Following the expiration of the consent solicitation period, an additional $5.0 of the 9.5% Notes were tendered. Following expiration of the Tender Offer period, Spectrum Brands paid the trustee principal, interest and a call premium sufficient to redeem the remaining approximately $51.9 of the 9.5% Notes not tendered on the redemption date, October 7, 2013. The trustee under the indenture governing the 9.5% Notes accepted those funds in trust for the benefit of the holders of the 9.5% Notes and has acknowledged the satisfaction and discharge of the 9.5% Notes and the indenture governing the 9.5% Notes.

In connection with the Tender Offer, Spectrum Brands recorded $105.6 of fees and expenses as a cash charge to Interest expense in the Consolidated Statements of Operations during Fiscal 2013. In connection with the satisfaction and discharge process, Spectrum Brands recorded cash charges of $5.7 to Interest expense in the Consolidated Statements of Operations during Fiscal 2013. In addition, $10.9 of debt issuance costs and unamortized premium related to the 9.5% Notes were written off as a non-cash charge to Interest expense in the Consolidated Statements of Operations during Fiscal 2013.

6.75% Notes

In March 2012, Spectrum Brands issued $300.0 aggregate principal amount of its 6.75% Senior Notes due 2020 (the “6.75% Notes”) at a price of 100% of the par value. The 6.75% Notes are unsecured and guaranteed by SBI’s parent company, SB/RH Holdings, LLC, as well as by existing and future domestic restricted subsidiaries of SBI.

Spectrum Brands may redeem all or part of the 6.75% Notes, upon not less than 30 or more than 60 days notice, at specified redemption prices. Further, the indenture governing the 6.75% Notes (the “2020 Indenture”) requires Spectrum Brands to make an offer, in cash, to repurchase all or a portion of the applicable outstanding 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.

In addition, the 2020 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 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 Indenture arising from certain events of bankruptcy or insolvency will automatically cause the acceleration of the amounts due under the 6.75% Notes. If any other event of default under the 2020 Indenture occurs and is continuing, the trustee for the 2020 Indenture or the registered holders of at least 25% in the then aggregate outstanding principal amount of the 6.75% Notes may declare the acceleration of the amounts due under those notes.

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 year ended September 30, 2013 and $14.1 of fees in connection with the offering of the 6.625% Notes during the year ended September 30, 2013. The fees are classified as “Other assets” in the accompanying Consolidated Balance Sheets as of September 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 year ended September 30, 2013. The fees are classified as “Other assets” in the accompanying Consolidated Balance Sheets as of September 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 $0.2 of fees during the year ended September 30, 2013. The fees are classified as “Other assets” in the accompanying Consolidated Balance Sheets as of September 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 September 30, 2013, Spectrum Brands had aggregate borrowing availability of approximately $288.9, net of lender reserves of $8.6 and outstanding letters of credit of $37.2.

FGH

In March 2013, FGH 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. FGH used a portion of the net proceeds from the issuance to pay a $73.0 dividend to HGI.

In connection with the offering, FGH capitalized $10.2 of debt issuance costs during the year ended September 30, 2013. The fees are classified as “Other assets” in the accompanying Consolidated Balance Sheets as of September 30, 2013 and are being amortized to 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 September 30, 2013, $364.0 was drawn under this agreement and HGI’s proportionate share of the obligation was $271.2. 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. The next borrowing base redetermination for the EXCO/HGI Partnership Credit Agreement is scheduled for the fourth quarter of calendar year 2013 and could result in a reduction to the borrowing base.

Pursuant to the agreement, within 60 days of formation of the EXCO/HGI JV, the partnership was 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 EXCO/HGI Partnership Credit Agreement sets forth the term and conditions under which the EXCO/HGI JV is permitted to pay a cash distribution to the holders of equity interests and provides the EXCO/HGI JV may declare and pay a cash distribution to the extent of available cash, as defined in the EXCO/HGI Partnership Credit Agreement, so long as, in each case, on the date of and after giving effect to such distributions, (i) no default exists, (ii) borrowing base usage, as defined in the EXCO/HGI Partnership Credit Agreement, is not greater than 90%, and (iii) the EXCO/HGI JV is in compliance with the financial covenants.

The financial covenants contained in the EXCO/HGI JV Credit Agreement require that the EXCO/HGI JV:


•	maintain a consolidated current ratio (as defined in the agreement of at least 1.0 to 1.0 as of the end of any fiscal quarter; and


•	not permit the EXCO/HGI JV’s ratio of consolidated funded indebtedness (as defined in the agreement) to consolidated EBITDAX (as defined in the agreement) to be greater than 4.5 to 1.0 at the end of any fiscal quarter.

As of September 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 $181.8, as of September 30, 2013. In February 2013 and September 2013, Salus completed a CLO securitizations of collateralized loan obligations of up to $550.0 notional aggregate principal amount (of which $485.0 notional aggregate principal amount was drawn on September 30, 2013.)The CLO was funded with $331.1 of the asset-based loan receivables that it had originated through that date, of which $182.9 was taken up by unaffiliated entities. The obligations of the securitization is secured by the assets of the VIE, primarily asset-based loan receivables, and carry a variable interest rate ranging from LIBOR plus 2.25% to LIBOR plus 11.50%. See Note 7, Securitizations and Variable Interest Entities, for additional information with respect to the securitization.

Other Liabilities Disclosure [Abstract]

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Other Liabilities

12 Months Ended

Sep. 30, 2013

Other Liabilities

“Other liabilities” in the accompanying Consolidated Balance Sheets consist of the following:



	September 30, 2013		September 30, 2012
Amounts payable for investment purchases	$	208.2	$	206.7
Retained asset account	207.5		203.7
Amounts payable to reinsurers	46.9		32.0
Remittances and items not allocated	44.1		29.5
Oil and natural gas asset-retirement obligations	25.4		—
Other	185.9		128.7
Total other liabilities	$	718.0	$	600.6

Asset retirement obligations

The following is a reconciliation of the EXCO/HGI JV’s asset retirement obligations, included in “Other liabilities” in the accompanying Consolidated Balance Sheets for the period from inception to September 30, 2013:



	September 30, 2013
Asset retirement obligations at inception	$	18.5
Activity during the period:
Liabilities incurred during the period	0.1
Liabilities settled during the period	—
Adjustment to liability due to acquisitions	5.6
Accretion of discount	1.2
Asset retirement obligations at end of period	25.4
Less: Current portion	0.6
Long-term portion	$	24.8

Temporary Equity

12 Months Ended

Sep. 30, 2013

Temporary Equity [Abstract]

Temporary Equity

Series A and A-2 Preferred Stock

On May 13, 2011 and August 5, 2011, the Company issued 280 thousand shares of Series A Preferred Stock and 120 thousand shares of Series A-2 Preferred Stock, respectively, in private placements pursuant to securities purchase agreements, for aggregate gross proceeds of $400.0. The Preferred Stock (i) is redeemable for cash (or, if a holder does not elect cash, automatically converted into common stock) on May 13, 2018, (ii) is convertible into the Company’s common stock at an initial conversion price of $6.50 per share for the Series A and $7.00 per share for the Series A-2, both subject to anti-dilution adjustments, (iii) has a liquidation preference of the greater of 150% of the purchase price or the value that would be received if it were converted into common stock, (iv) accrues a cumulative quarterly cash dividend at an annualized rate of 8% and (v) has a quarterly non-cash principal accretion at an annualized rate of 4% that will be reduced to 2% or 0% if the Company achieves specified rates of growth measured by increases in its net asset value. Effective April 1, 2012, and October 1, 2012, such accretion rate was reduced from, respectively, 4% to 2% for the remainder of Fiscal 2012, and then from 2% to 0% for the period subsequent to Fiscal 2012, as a result of achieving a specified level of growth in the Company’s net asset value as calculated in accordance with the terms of the certificates of designation governing the Preferred Stock. The Preferred Stock is entitled to vote, subject to certain regulatory limitations, and to receive cash dividends and in-kind distributions on an as-converted basis with the common stock.

During Fiscal 2013 the Company received and duly executed requests to convert a total of 6 thousand shares of Series A-2 Preferred Stock, resulting in the issuance of 852 thousand shares of the Company’s common stock.

If the Company were to issue certain equity securities at a price lower than the conversion price of the respective series of Preferred Stock, the conversion price would be adjusted downward to reflect the dilutive effect of the newly issued equity securities (a “down round” provision). Therefore, as discussed further in Note 2, the conversion feature required bifurcation and must be separately accounted for at fair value with any changes in fair value reported in current earnings.

As of the respective issuance dates, the Company determined the fair values of the bifurcated conversion feature were approximately $85.7 for the Series A Preferred Stock and approximately $17.6 for the Series A-2 Preferred Stock. The residual $296.7 aggregate value of the host contracts, less $14.1 of issuance costs, has been classified as temporary equity, as the securities are redeemable at the option of the holder and upon the occurrence of an event that is not solely within the control of the issuer. The resulting $117.4 difference between the issuance price and initial carrying value of $282.6 is being accreted to “Preferred stock dividends and accretion” in the accompanying Consolidated Statements of Operations using the effective interest method over the Preferred Stock’s contractual/expected life of approximately seven years through May 13, 2018.

The carrying value of Preferred Stock reflects the following components:



	Series A (280 shares)			Series A-2 (120 shares)			Total
Initial issuance price in Fiscal 2011	$	280.0		$	120.0		$	400.0
Principal accretion:
Fiscal 2011	4.3			0.7			5.0
Fiscal 2012	8.6			3.7			12.3
Fiscal 2013	—			—			—
Cumulative principal accretion	12.9			4.4			17.3
Redemption value of preferred stock converted into common stock upon election of holder	—			(5.9		)	(5.9		)
Redemption value as of September 30, 2013	292.9			118.5			411.4
Bifurcation of embedded conversion feature at issuance	(85.7		)	(17.6		)	(103.3		)
Issuance costs	(11.1		)	(3.0		)	(14.1		)
Accretion:
Fiscal 2011	4.2			0.5			4.7
Fiscal 2012	11.7			2.8			14.5
Fiscal 2013	12.4			3.7			16.1
Carrying value of Preferred Stock as of September 30, 2013	$	224.4		$	104.9		$	329.3

EXCO/HGI JV Class B Redeemable Common Units

Also included in Temporary Equity is $0.1 million of Class B Redeemable Common Units issued by the EXCO/HGI JV under the terms of its incentive plan (“Incentive Unit Plan”.) For additional information regarding the Incentive Unit Plan and the units issued thereunder, refer to Note 22, “Stock Compensation”.

Permanent Equity

12 Months Ended

Sep. 30, 2013

Equity [Abstract]

Permanent Equity

Accumulated Other Comprehensive Income

Accumulated other comprehensive income (loss) includes foreign currency translation gains and losses on assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature and transactions designated as a hedge of a net investment in a foreign subsidiary, deferred gains and losses on derivative financial instruments designated as cash flow hedges, amortization of deferred gains and losses associated with the Company's pension plans and unrealized gains and losses on debt and equity securities held as available for sale, net of shadow adjustments to intangibles. The foreign currency translation gains and losses for the years ended September 30, 2013, 2012 and 2011 were primarily attributable to the impact of translation of the net assets of the Spectrum Brands’ European and Latin American operations, which primarily have functional currencies in Euros, Pounds Sterling, Mexican Peso and Brazilian Real. Except for gains and losses resulting from exchange rate changes on intercompany balances of a long-term nature, and prior to September 30, 2011, Spectrum Brands did not provide income taxes on currency translation adjustments, as earnings from international subsidiaries were considered to be permanently reinvested. As of the beginning of Fiscal 2012, Spectrum Brands is no longer considering current and future earnings from international subsidiaries to be permanently reinvested, except for locations where it is precluded by certain restrictions from repatriating earnings.

For information pertaining to the reclassification of unrealized gains and losses on derivative instruments, see Note 6, “Derivative Financial Instruments.”

For information pertaining to the reclassification of unrealized gains and losses on debt and equity securities held as available for sale, see Note 5, Investments, and Note 13, Goodwill and Intangible Assets, including DAC and VOBA, for the related shadow adjustments.

The cumulative amounts of the components of accumulated other comprehensive income reflected in the accompanying Consolidated Statements of Permanent Equity, as of September 30, 2013 and 2012, are as follows:



	Unrealized Investment Gains, net			Non-credit Related Other-than- temporary Impairments			Other Unrealized Gains (Losses) — Cash Flow Hedges			Actuarial Adjustments to Pension Plans			Cumulative Translation Adjustments			Total
Cumulative components at September 30, 2013:
Gross amounts (after reclassification adjustments)	$	235.7		$	(1.0	)	$	(2.6	)	$	(28.9	)	$	(10.3	)	$	192.9
Intangible assets adjustments	(63.2		)	0.4			—			—			—			(62.8		)
Tax effects	(61.1		)	0.2			0.3			(0.8		)	3.5			(57.9		)
Noncontrolling interest	—			—			0.9			11.9			2.7			15.5
	$	111.4		$	(0.4	)	$	(1.4	)	$	(17.8	)	$	(4.1	)	$	87.7
Cumulative components at September 30, 2012:
Gross amounts (after reclassification adjustments)	$	1,059.6		$	(1.0	)	$	0.3		$	(39.9	)	$	(3.7	)	$	1,015.3
Intangible assets adjustments	(390.5		)	0.4			—			—			—			(390.1		)
Tax effects	(234.2		)	0.2			(0.1		)	4.4			3.5			(226.2		)
Noncontrolling interest	—			—			(0.1		)	14.2			0.1			14.2
	$	434.9		$	(0.4	)	$	0.1		$	(21.3	)	$	(0.1	)	$	413.2

Restricted Net Assets of Subsidiaries

HGI’s equity in restricted net assets of consolidated subsidiaries was approximately $1,646.8 as of September 30, 2013, representing 227.2% of HGI’s consolidated stockholders’ equity as of September 30, 2013 and consisted of net assets of FGL and Spectrum Brands, less noncontrolling interest, which were restricted as to transfer to HGI in the form of cash dividends, loans or advances under regulatory or debt covenant restrictions.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

Compensation and Retirement Disclosure [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30, 31

-Article 5

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-Glossary Preferred Stock

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+ Details

Employee Benefit Obligations

12 Months Ended

Sep. 30, 2013

Employee Benefit Obligations

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 and Germany. 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 requirements of the defined benefit pension plans 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 sponsors or participates in a number of other non-U.S. pension arrangements, including various retirement and termination benefit plans, some of which are covered by local law or coordinated with government-sponsored plans, which are not significant in the aggregate and therefore are not included in the information presented below. Spectrum Brands also has various nonqualified deferred compensation agreements with certain of its employees. Under certain of these agreements, Spectrum Brands has agreed to pay certain amounts annually for the first 15 years subsequent to retirement or to a designated beneficiary upon death. It is management’s intent that life insurance contracts owned by Spectrum Brands will fund these agreements. Under the remaining agreements, Spectrum Brands has agreed to pay such deferred amounts in up to 15 annual installments beginning on a date specified by the employee, subsequent to retirement or disability, or to a designated beneficiary upon death.

Spectrum Brands also provides postretirement life insurance and medical benefits to certain retirees under two separate contributory plans.

Consolidated

The recognition and disclosure provisions of ASC Topic 715: “Compensation-Retirement Benefits” (“ASC 715”) requires recognition of the overfunded or underfunded status of defined benefit pension and postretirement plans as an asset or liability in the consolidated balance sheet, and to recognize changes in that funded status in AOCI.

In accordance with the measurement date provisions of ASC 715, the Company measures all of its defined benefit pension and postretirement plan assets and obligations as of September 30, which is the Company’s fiscal year end.

The following tables provide additional information on the Company’s pension and other postretirement benefit plans which principally relate to Spectrum Brands:



	Pension and Deferred Compensation Benefits						Other Benefits
	2013			2012			2013			2012
Change in benefit obligation
Benefit obligation, beginning of year	$	260.7		$	228.7		$	0.6		$	0.5
Liabilities assumed through acquisitions	14.7			—			—			—
Service cost	3.0			2.0			—			—
Interest cost	10.6			11.4			—			0.1
Actuarial loss (gain)	1.1			31.3			(0.1		)	—
Participant contributions	0.1			0.2			—			—
Curtailments	(1.5		)	—			(0.1		)	—
Benefits paid	(17.4		)	(10.9		)	—			—
Foreign currency exchange rate changes	3.2			(2.0		)	—			—
Benefit obligation, end of year	$	274.5		$	260.7		$	0.4		$	0.6
Change in plan assets
Fair value of plan assets, beginning of year	$	168.6		$	143.7		$	—		$	—
Assets acquired through acquisitions	6.7			—			—			—
Actual return on plan assets	18.3			22.3			—			—
Employer contributions	12.9			13.6			—			—
Employee contributions	0.1			0.2			—			—
Benefits paid	(17.4		)	(10.9		)	—			—
Plan expenses paid	—			—			—			—
Foreign currency exchange rate changes	1.6			(0.3		)	—			—
Fair value of plan assets, end of year	$	190.8		$	168.6		$	—		$	—
Accrued Benefit Cost / Funded Status	$	(83.7	)	$	(92.1	)	$	(0.4	)	$	(0.6	)
Range of assumptions:
Discount rate	1.8% to 13%			4% to 13.5%			4.7		%	4.0		%
Expected return on plan assets	3.6% to 7.8%			4% to 7.8%			N/A			N/A
Rate of compensation increase	2.3% to 5.5%			2.3% to 5.5%			N/A			N/A

The net underfunded status as of September 30, 2013 and 2012 of $83.7 and $92.1, respectively, is recognized in the accompanying Consolidated Balance Sheets within “Employee benefit obligations.” Included in AOCI as of September 30, 2013 and 2012 are unrecognized net (losses) of $(17.8), net of tax benefit of $(0.8) and noncontrolling interest of $11.9, and $(21.3), net of tax benefit of $4.4 and noncontrolling interest of $14.2, respectively, which have not yet been recognized as components of net periodic pension cost. The net loss in AOCI expected to be recognized during the year ending September 30, 2014 (“Fiscal 2014”) is $0.9.

At September 30, 2013, the Company’s total pension and deferred compensation benefit obligation of $274.5 consisted of $85.2 associated with U.S. plans and $189.3 associated with international plans. The fair value of the Company’s pension and deferred compensation benefit assets of $190.8 consisted of $73.8 associated with U.S. plans and $117.0 associated with international plans. The weighted average discount rate used for the Company’s domestic plans was approximately 3.9% and approximately 3.9% for its international plans. The weighted average expected return on plan assets used for the Company’s domestic plans was approximately 7.6% and approximately 4.7% for its international plans.

At September 30, 2012, the Company’s total pension and deferred compensation benefit obligation of $260.7 consisted of $95.5 associated with U.S. plans and $165.2 associated with international plans. The fair value of the Company’s pension and deferred compensation benefit assets of $168.6 consisted of $66.4 associated with U.S. plans and $102.2 associated with international plans. The weighted average discount rate used for the Company’s domestic plans was approximately 4.4% and approximately 5.3% for its international plans. The weighted average expected return on plan assets used for the Company’s domestic plans was approximately 7.6% and approximately 5.4% for its international plans.



	Pension and Deferred Compensation Benefits									Other Benefits
	Year ended September 30,									Year ended September 30,
	2013			2012			2011			2013		2012			2011
Components of net periodic benefit cost:
Service cost	$	3.4		$	2.4		$	2.7		$	—	$	—		$	—
Interest cost	10.6			11.4			11.2			—		0.1			0.1
Expected return on assets	(9.7		)	(9.1		)	(8.8		)	—		—			—
Amortization of prior service cost	—			0.1			—			—		—			—
Curtailment gain	(0.8		)	—			—			—		—			—
Recognized net actuarial (gain) loss	2.1			0.9			—			—		(0.1		)	(0.1		)
Net periodic cost (benefit)	$	5.6		$	5.7		$	5.1		$	—	$	—		$	—

The discount rate is used to calculate the projected benefit obligation. The discount rate used is based on the rate of return on government bonds as well as current market conditions of the respective countries where such plans are established.

Below is a summary allocation of all pension plan assets as of the measurement date.



	Weighted Average Allocation
	Target		Actual
	2013		2013		2012
Asset Category
Equity securities	0-60%		52	%	50	%
Fixed income securities	0-40%		19	%	21	%
Other	0-100%		29	%	29	%
	100	%	100	%	100	%

The weighted average expected long-term rate of return on total assets is 5.8%.

The Company has established formal investment policies for the assets associated with these plans. Policy objectives include maximizing long-term return at acceptable risk levels, diversifying among asset classes, if appropriate, and among investment managers, as well as establishing relevant risk parameters within each asset class. Specific asset class targets are based on the results of periodic asset liability studies. The investment policies permit variances from the targets within certain parameters. The weighted average expected long-term rate of return is based on a Fiscal 2013 review of such rates. The plan assets currently do not include holdings of common stock of HGI or its subsidiaries.

The Company’s fixed income securities portfolio is invested primarily in commingled funds and managed for overall return expectations rather than matching duration against plan liabilities; therefore, debt maturities are not significant to the plan performance.

The Company’s other portfolio consists of all pension assets, primarily insurance contracts, in the United Kingdom and Germany.

The Company’s expected future pension benefit payments for Fiscal 2014 through its fiscal year 2023 are as follows:



Fiscal Year
2014	$	10.7
2015	10.0
2016	11.6
2017	11.9
2018	12.3
2019 to 2023	69.0

The following table sets forth the fair value of the Company’s pension plan assets:



		September 30,
	Fair Value Hierarchy (a)	2013		2012
U.S. defined benefit plan assets:
Mutual funds — equity	Level 1	$	32.8	$	20.5
Common collective trusts — equity	Level 2	19.9		25.8
Common collective trusts — fixed income	Level 2	20.5		19.5
Other	Level 2	0.6		0.6
Total U.S. defined benefit plan assets		73.8		66.4
International defined benefit plan assets:
Common collective trusts — equity	Level 2	46.5		38.5
Common collective trusts — fixed income	Level 2	15.9		15.7
Insurance contracts — general fund	Level 2	37.7		40.6
Other	Level 1	6.6		—
Other	Level 2	10.3		7.4
Total International defined benefit plan assets		117.0		102.2
Total defined benefit plan assets		$	190.8	$	168.6

(a)

The fair value measurements of the Company’s defined benefit plan assets are based on unadjusted quoted prices for identical assets and liabilities in active markets (Level 1) for mutual funds and observable market price inputs (Level 2) for common collective trusts and other investments. Each collective trust’s valuation is based on its calculation of net asset value per share reflecting the fair value of its underlying investments. Since each of these collective trusts allows redemptions at net asset value per share at the measurement date, its valuation is categorized as a Level 2 fair value measurement. The fair values of insurance contracts and other investments are also based on observable market price inputs (Level 2).

Defined Contribution Plans

Spectrum Brands sponsors a defined contribution pension plan for its domestic salaried employees, which allows participants to make contributions by salary reduction pursuant to Section 401(k) of the Internal Revenue Code. Spectrum Brands also sponsors defined contribution pension plans for employees of certain foreign subsidiaries. FGH sponsors a defined contribution plan in which eligible participants may defer a fixed amount or a percentage of their eligible compensation, subject to limitations, and FGH makes a discretionary matching contribution of up to 5% of eligible compensation. FGH has also established a nonqualified defined contribution plan for independent agents. FGH makes contributions to the plan based on both FGH’s and the agent’s performance. Contributions are discretionary and evaluated annually. HGI also sponsors a defined contribution plan for its corporate employees in which eligible participants may defer a fixed amount or a percentage of their eligible compensation, subject to limitations. HGI makes a discretionary matching contribution of up to 4% of eligible compensation. Aggregate contributions charged to operations for the defined contribution plans, including discretionary amounts, for Fiscal 2013, 2012 and 2011 were $12.1 , $2.8 and $5.3, respectively.

Reinsurance

12 Months Ended

Sep. 30, 2013

Reinsurance Disclosures [Abstract]

Reinsurance

Reinsurance recoverable

FGH 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 FGH’s retention limit is reinsured with other insurers. FGH seeks reinsurance coverage in order to limit its exposure to mortality losses and enhance capital management. FGH follows reinsurance accounting when there is adequate risk transfer. Otherwise, the deposit method of accounting is followed. FGH also assumes policy risks from other insurance companies.

The effect of reinsurance on premiums earned, benefits incurred and reserve changes for the years ended September 30, 2013, 2012 and 2011 were as follows:



	Year ended September 30,
	2013						2012						2011
	Insurance Premiums			Benefits and Other Changes in Insurance Policy Reserves			Insurance Premiums			Benefits and Other Changes in Insurance Policy Reserves			Insurance Premiums			Benefits and Other Changes in Insurance Policy Reserves
Direct	$	279.2		$	776.5		$	298.0		$	1,033.4		$	157.8		$	392.1
Assumed	32.8			23.3			47.2			34.9			22.8			19.5
Ceded	(253.2		)	(268.0		)	(289.9		)	(290.9		)	(141.6		)	(164.0		)
Net	$	58.8		$	531.8		$	55.3		$	777.4		$	39.0		$	247.6

Amounts payable or recoverable for reinsurance on paid and unpaid claims are not subject to periodic or maximum limits. During the years ended September 30, 2013, 2012 and 2011, FGH did not write off any reinsurance balances. During the year ended September 30, 2012 and September 30, 2011, FGH did not commute any ceded reinsurance. Effective June 17, 2013, FGH rescinded the portion of the coinsurance agreement dated April 1, 2011 between 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 FGH 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.

FGH 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.

FGH had the following significant reinsurance agreements during the year ended September 30, 2013 and September 30, 2012 as described below.

Wilton Agreement

On January 26, 2011, FGL 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 he FGL Acquisition. Effective April 26, 2011, FGL 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 FGH, 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 transactions 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 FGH under the F&G Stock Purchase Agreement. In connection with the new CARVM reinsurance agreement, FGH 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, FGH 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 $1,400.0 of FGH’s policy liabilities, on a funds withheld basis. In connection with the Reinsurance Agreement, Front Street Cayman, FGH and an indirect subsidiary of the Company, Five Island, entered into an investment management agreement, pursuant to which Five Island manages a portion of the assets securing Front Street Cayman’s reinsurance obligations under the Reinsurance Agreement, which assets are held by FGH in a segregated account. The assets in the segregated account are invested in accordance with FGH’s existing guidelines.

The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts.

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Stock Compensation

12 Months Ended

Sep. 30, 2013

Stock Compensation

The Company recognized consolidated stock compensation expense of $61.5, $31.2 and $30.5 during Fiscal 2013, 2012 and 2011, respectively. Stock compensation expense is principally included in “Selling, acquisition, operating and general expenses” in the accompanying Consolidated Statements of Operations.

A summary of stock options outstanding as of September 30, 2013 and related activity during the year then ended, under HGI and FGH’s respective incentive plans are as follows (share amounts in thousands):



	HGI						FGH
Stock Option Awards	Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Stock options outstanding at September 30, 2012	2,285		$	4.96	$	1.77	201		$	38.20	$	3.90
Granted	1,734		8.57		3.56		195		49.49		3.85
Exercised	(32	)	6.08		2.23		(31	)	39.19		3.90
Forfeited or expired	(33	)	6.18		2.32		(30	)	43.96		3.87
Stock options outstanding at September 30, 2013	3,954		6.52		2.55		335		44.23		3.87
Stock options vested and exercisable at September 30, 2013	833		6.12		2.34		40		38.21		3.90
Stock options outstanding and expected to vest	3,121		6.63		2.60		283		44.16		3.87

A summary of restricted stock and restricted stock units outstanding as of September 30, 2013 and related activity during the year then ended, under HGI, Spectrum Brands and FGH’s respective incentive plans are as follows (share amounts in thousands):



	HGI				Spectrum Brands
Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Restricted stock outstanding at September 30, 2012	830		$	4.93	13		$	28.00
Granted	3,319		8.53		—		—
Vested	(651	)	8.25		(13	)	28.00
Forfeited	(42	)	8.02		—		—
Restricted stock outstanding at September 30, 2013	3,456		7.72		—		—
Restricted stock expected to vest	3,456		7.72		—		—



	HGI				Spectrum Brands				FGH
Restricted Stock Units	Units		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value
Restricted stock units outstanding at September 30, 2012	17		$	4.61	1,931		$	28.45	—		$	—
Granted	9		8.33		700		45.97		53		49.58
Vested	(17	)	4.61		(1,211	)	28.25		—		—
Forfeited	(9	)	8.33		(302	)	30.36		(7	)	49.45
Restricted stock units outstanding at September 30, 2013	—		—		1,118		39.11		46		49.60
Restricted stock units vested and exercisable at September 30, 2013	22		4.61		—		—		—		—
Restricted stock units expected to vest	—		—		1,118		39.11		42		49.54

HGI

On September 15, 2011, the Company’s stockholders approved the 2011 Omnibus Award Plan (the “2011 HGI Plan”). The 2011 HGI Plan provides for the issuance of stock options or stock appreciation rights (“SARs”) for up to 17,000 thousand shares of common stock. The 2011 HGI Plan prohibits granting stock options with exercise prices and SARs with grant prices lower than the fair market value of the common stock on the date of grant, except in connection with the issuance or assumption of awards in connection with certain mergers, consolidations, acquisitions of property or stock or reorganizations. As of September 30, 2013, 8,887.0 thousand shares are available for issuance under the 2011 HGI Plan.

During Fiscal 2013, HGI granted stock option awards, restricted stock awards and restricted stock units representing approximately 1,734 thousand, 3,319 thousand and 9 thousand shares, respectively. All of these grants are time based, and vest over periods of 1 month up to 4 years. The total fair value of the stock grants during Fiscal 2013 on their respective grant dates was approximately $34.6. During Fiscal 2013 stock option awards, restricted stock awards and restricted stock units with a total fair value of $7.5 vested. The total intrinsic value of share options exercised during Fiscal 2013 was $0.1, for which HGI received cash of $0.2 in settlement.

During Fiscal 2012, HGI granted stock option awards, restricted stock awards and restricted stock units representing approximately 2,275 thousand, 838 thousand and 22 thousand shares, respectively. All of these grants are time based, and vest over periods of 7 months up to 4 years. The total fair value of the stock grants on their respective grant dates was approximately $8.2.

Under HGI’s executive bonus plan, executives will be paid in cash, stock options and restricted stock shares. Based on Fiscal 2013 performance measures, the Company expects to grant approximately 3,300 thousand restricted shares and 1,300 thousand stock options in the first quarter of fiscal 2014 with a portion vesting immediately and the remaining shares vesting between 12 and 36 months from the grant date. The Company expects to recognize approximately $35.9 of deferred bonus compensation expense with respect to cash and stock-based awards as it vests over the next three fiscal years, subject to clawback provisions if the subsequent increase in net asset value for bonus compensation purposes does not exceed specified threshold returns. As of September 30, 2013, there was approximately $14.7 of total unrecognized compensation cost related to unvested share-based compensation agreements previously granted, which is expected to be recognized over a weighted-average period of 2.02 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:



	2013	2012
Risk-free interest rate	0.84% to 1.86%	0.97% to 1.19%
Assumed dividend yield	—%	—%
Expected option term	5.3 to 6.2 years	6 years
Volatility	41.9% to 44%	33% to 35.5%

The weighted-average remaining contractual term of outstanding stock option awards at September 30, 2013, was 8.77 years.

Spectrum Brands

In September 2009, SBI’s board of directors adopted the 2009 Spectrum Brands Inc. Incentive Plan (the “2009 Plan”). In conjunction with the SB/RH Merger, the 2009 Plan was assumed by Spectrum Brands. Prior to October 21, 2010, up to 3,333 thousand shares of common stock, net of forfeitures and cancellations, could have been issued under the 2009 Plan.

In conjunction with the SB/RH Merger, Spectrum Brands adopted the Spectrum Brands Holdings, Inc. 2007 Omnibus Equity Award Plan (formerly known as the Russell Hobbs Inc. 2007 Omnibus Equity Award Plan, as amended on June 24, 2008) (the “2007 RH Plan”). Prior to October 21, 2010, up to 600 thousand shares of common stock, net of forfeitures and cancellations, could have been issued under the RH Plan.

On October 21, 2010, Spectrum Brands’ board of directors adopted the Spectrum Brands Holdings, Inc. 2011 Omnibus Equity Award Plan (the “2011 Plan”), which was approved by Spectrum Brands’ stockholders on March 1, 2011. Up to 4,626 thousand shares of common stock of Spectrum Brands, net of cancellations, may be issued under the 2011 Plan.

Spectrum Brands granted restricted stock units representing approximately 700 thousand shares during Fiscal 2013. Of these grants, 48 thousand restricted stock units are time-based and vest over a period of one year. Of the remaining 652 thousand restricted stock units, 90 thousand are performance-based and vest over a one year period and 562 thousand are both performance and time-based and vest over a one year performance-based period followed by a one year time-based period. The total market value of the restricted shares on the date of the grant was approximately $32.2.

Spectrum Brands granted restricted stock units representing approximately 863 thousand shares during Fiscal 2012. Of these grants, 160 thousand restricted stock units are time-based and vest over a period ranging from one year to two years. The remaining 703 thousand restricted stock units are both performance and time based and vest over a one year performance-based period followed by a one year time-based period. The total market value of the restricted shares on the date of the grant was approximately $24.4.

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.

FGH

On November 2, 2011, FGH’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 FGH common stock to key employees of FGH. On November 2, 2011, FGH’s compensation committee also approved a dividend equivalent plan (the “2011 DEP”) 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 FGH in respect of the shares underlying the options.

In December 2012, FGH’s compensation committee amended and restated the stock incentive plan. Under the amended and restated stock incentive plan, FGH’s compensation committee may grant stock options and restricted stock awards. FGH also elected an alternate settlement for the then-vested equity awards, electing to settle the vested awards in cash when exercised, which reclassified the plans from equity plans to liability plans. In 2013, FGH determined that all equity awards will be settled in cash when exercised. FGH’s compensation committee also approved and adopted the 2012 Dividend Equivalent Plan (the “2012 DEP”). Similar to the 2011 DEP, the 2012 DEP permits holders of the options and restricted stock units granted under the amended and restated stock incentive plan 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 FGH in each calendar year starting in the year in which the dividend equivalent is granted through the year immediately prior to the year in which the dividend equivalent vests, divided by the total number of common shares outstanding. The awards under the 2012 DEP vest on March 31, 2016.

FGH granted stock option awards and restricted stock units representing approximately 195 thousand and 53 thousand shares during the year ended September 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.

FGH granted stock option awards representing approximately 207 thousand shares during the year ended September 30, 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 $0.8.

The total compensation cost related to non-vested options, restricted stock units and dividend equivalent plans, not yet recognized as of September 30, 2013 totaled $6.0 and will be recognized over a weighted-average period of 1.8 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:



	2013	2012
Risk-free interest rate	0.8%	0.8%
Assumed dividend yield	6%	10%
Expected option term	4.5 years	4.5 years
Volatility	27%	35%

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.

In accordance with ASC 718, liability classification is not required as a result of the call-right and put-right features if the employee is required to hold the shares for a reasonable period of time that would expose them to the economic risks and rewards of share ownership. The reasonable period of time for which shares are required to be held after exercise of a share option and during which the employee is exposed to the economic risks and rewards of share ownership is at least six months. Therefore, these shares would be exposed to the economic risks and rewards which would require equity classification. Since the award is expected to become redeemable, FASB ASC 480, Distinguishing Liabilities from Equity, requires the redemption amount of the award to be classified outside of permanent equity at each period end. The redemption amount of the awards is classified as “Redeemable common units” within the Temporary equity section of the Consolidated Balance Sheet.

As of September 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 (share amounts in thousands):



	Shares	Weighted average grant date fair value per share
Non-vested awards at February 14, 2013	—	$	—
Granted	102	10.00
Non-vested awards at September 30, 2013	102	$	10.00

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 September 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 $0.6 as of September 30, 2013, and will be recognized over an average period of 2.4 years.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References+ Details

Income Taxes

12 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income tax expense (benefit) was calculated based upon the following components of income from continuing operations before income taxes:



	Year ended September 30,
	2013			2012			2011
Income from continuing operations before income taxes:
United States	$	(78.9	)	$	(146.5	)	$	(74.8	)
Outside the United States	197.2			171.9			132.7
Total income from continuing operations before taxes	$	118.3		$	25.4		$	57.9

The components of income tax (benefit) expense were as follows:



	Year ended September 30,
	2013			2012			2011
Current:
Federal	$	(32.5	)	$	74.4		$	(0.9	)
Foreign	47.7			38.1			32.7
State	1.4			(0.4		)	2.3
Total current	16.6			112.1			34.1
Deferred:
Federal	169.0			(199.2		)	(20.6		)
Foreign	2.1			5.2			28.1
State	(0.4		)	(3.4		)	9.0
Total deferred	170.7			(197.4		)	16.5
Income tax expense (benefit)	$	187.3		$	(85.3	)	$	50.6

The differences between income taxes expected at the U.S. Federal statutory income tax rate of 35.0% and reported income tax expense (benefit) are summarized as follows:



	Year ended September 30,
	2013			2012			2011
Expected income tax (benefit) expense at Federal statutory rate	$	41.4		$	8.9		$	20.3
Valuation allowance for deferred tax assets	152.8			(142.1		)	72.3
Preferred stock equity conversion feature	35.6			54.8			(9.5		)
Residual tax on foreign earnings	(7.0		)	29.8			19.0
Foreign rate differential	(18.8		)	(14.1		)	(12.6		)
Bargain purchase gain	—			—			(55.4		)
Gain on contingent purchase price reduction	—			(14.3		)	—
Permanent items	5.7			9.5			10.7
Non-deductible stock based compensation	1.7			—			—
Exempt foreign income	(5.9		)	(5.8		)	(0.4		)
Unrecognized tax benefits	4.1			(4.4		)	(2.8		)
State and local income taxes	(32.2		)	(8.5		)	1.2
Dividends received deduction	1.4			(0.9		)	—
Inflationary adjustments	(0.2		)	(0.8		)	(1.5		)
Capitalized transaction costs	5.6			0.3			2.8
Deferred tax correction of immaterial prior period error	—			—			4.9
Other	3.1			2.3			1.6
Reported income tax expense (benefit)	$	187.3		$	(85.3	)	$	50.6
Effective tax rate	158.3		%	(335.9		)%	87.3		%

For the year ended September 30, 2013, the Company’s effective tax rate of 158.3% was negatively impacted by the following: (i) the profitability of our life insurance group which files its own consolidated Federal income tax return; (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, resulting in valuation allowances; (iii) book expense for the increase in the fair value of the equity conversion feature of Preferred Stock, for which no tax benefit is available; (iv) tax amortization of certain indefinite lived intangibles; and (v) tax expense on income in certain foreign jurisdictions that will not be creditable in the United States due to the Company’s U.S. taxable loss position. In addition, the Company is not permanently reinvesting income from its foreign operations, thereby subjecting unremitted foreign earnings to the U.S. Federal statutory income tax rate of 35%. The Company's effective tax rate was favorably impacted by a partial release of U.S. valuation allowances against deferred tax assets that are more-likely-than-not realizable as a result of a recent acquisition by Spectrum Brands and a change in the realizability of deferred tax assets related to the FGL life insurance companies.

For the year ended September 30, 2012, the Company’s effective tax rate of (335.9)%, representing a tax benefit despite pretax income, was positively impacted by the net release of valuation allowance attributed to the Company’s determination that certain of its deferred tax assets are more likely than not realizable and a contingent purchase price reduction. The Company’s effective tax rate was negatively impacted by an expense for the increase in fair value of the equity conversion feature of Preferred Stock, for which no tax benefit is available, and deferred tax provision related to the change in book versus tax basis of indefinite lived intangibles, which are amortized for tax purposes, but not for book purposes. In addition, for Fiscal 2012 and forward, the Company has asserted that it is no longer permanently reinvesting the income from its foreign operations, thereby subjecting non-U.S. unremitted earnings to the U.S. Federal statutory income tax rate of 35%.

For the year ended September 30, 2011, the Company’s effective tax rate of 87.3% was negatively impacted by the net establishment of valuation allowances against losses in the United States and some foreign jurisdictions. In addition, no tax benefits were recognized on the Company’s indefinite lived intangibles, which are amortized for tax purposes, but not for book purposes. The Company’s effective tax rate was positively impacted by the recognition of a bargain purchase gain from the FGL Acquisition, for which no income tax provision was required. In addition, permanently reinvested income in the foreign jurisdictions in which the Company operates is subject to lower tax rates than the U.S. Federal statutory income tax rate.

The following table summarizes the components of deferred income tax assets and liabilities:



	September 30, 2013			September 30, 2012
Current deferred tax assets:
Employee benefits	$	15.4		$	29.5
Restructuring	7.1			8.1
Inventories and receivables	24.3			22.5
Employee compensation	5.4			—
Marketing and promotional accruals	14.1			8.3
Capitalized transaction costs	0.1			0.1
Unrealized losses on mark-to-market securities	12.6			10.2
Other	23.9			15.1
Valuation allowance	(55.0		)	(49.0		)
Total current deferred tax assets	47.9			44.8
Current deferred tax liabilities:
Inventories and receivables	(2.7		)	(2.6		)
Unrealized gains	(0.4		)	(1.2		)
Other	(11.7		)	(7.9		)
Total current deferred tax liabilities	(14.8		)	(11.7		)
Noncurrent deferred tax assets:
Employee benefits	$	49.5		$	37.5
Restructuring and purchase accounting	0.3			0.4
Net operating loss, credit and capital loss carry forwards	1,029.5			914.5
Prepaid royalty	7.0			7.0
Properties	9.7			3.2
Capitalized transaction costs	0.6			—
Unrealized losses on mark-to-market securities	2.1			12.7
Long-term debt	0.7			4.0
Intangibles	3.9			4.3
Deferred acquisition costs	0.4			9.9
Insurance reserves and claim related adjustments	477.7			620.3
Outside basis differences on partnership interests	21.3			—
Other	32.8			30.8
Valuation allowance	(762.2		)	(611.1		)
Total noncurrent deferred tax assets	873.3			1,033.5
Noncurrent deferred tax liabilities:
Properties	(27.5		)	(15.3		)
Unrealized gains	(13.1		)	(15.8		)
Intangibles	(735.5		)	(596.2		)
Value of business acquired	(67.3		)	(36.5		)
Deferred acquisition costs	(63.7		)	—
Tax on unremitted foreign earnings	(18.6		)	(29.2		)
Investments	(156.5		)	(438.7		)
Other	(23.4		)	(4.5		)
Total noncurrent deferred tax liabilities	(1,105.6		)	(1,136.2		)
Total gross deferred tax assets	$	921.2		$	1,078.3
Total gross deferred tax liabilities	$	(1,120.4	)	$	(1,147.9	)

In accordance with ASC Topic 740, the Company establishes valuation allowances for deferred tax assets that, in its judgment, are not more-likely-than-not realizable. These judgments are based on projections of future income, including tax-planning strategies, by individual tax jurisdiction. Changes in industry and economic conditions and the competitive environment may impact the accuracy of these projections. In accordance with ASC Topic 740, during each reporting period, the Company assesses the likelihood that its deferred tax assets will be realized and determines if adjustments to its valuation allowances are appropriate. As a result of this assessment, for the years ended September 30, 2013, 2012, and 2011, the Company had a net charge (release) of valuation allowance to earnings totaling $152.8, $(142.1) and $72.3, respectively, as more fully described below.

HGI

As a result of HGI’s cumulative losses over the past three years, management concluded at September 30, 2013, that a valuation allowance was required for its entire net deferred tax asset balance. HGI’s valuation allowance at September 30, 2013, totaled $204.0. This resulted from the Company’s conclusion that tax benefits on its pretax losses are not more-likely-than-not realizable. HGI has approximately $302.8 of U.S. Federal net operating loss (“NOL”) carryforwards which, if unused, will expire in years 2029 through 2033. HGI has approximately $36.3 of U.S. Federal capital loss carryforwards which, if unused, will expire through 2016 and 2018. HGI has approximately $454.4 of U.S. state NOL carryforwards which, if unused, will expire in years 2029 through 2033.

On September 27, 2013, HGI triggered a change of ownership, as defined under Internal Revenue Code (the "IRC") Section 382, that subjects the utilization of HGI’s U.S. Federal and state net operating losses and other tax attributes to certain limitations.

Management has concluded that its deferred tax assets on U.S. Federal and state NOL's are not more-likely-than-not realizable. The Company also concluded that a valuation allowance was required for HGI’s entire net deferred tax asset balance at September 30, 2012, in the amount of $97.8.

Spectrum Brands

At September 30, 2013, Spectrum Brands has U.S. Federal and state and local NOL carryforwards of $1,515.3 and $1,551.3, respectively. If unused, they will expire through 2033. Spectrum Brands has foreign loss carryforwards totaling $111.2 which will expire beginning in 2014. Certain of the foreign net operating losses have indefinite carryforward periods. Spectrum Brands is subject to an annual limitation on use of its NOL carryforwards that arose prior to its emergence from bankruptcy. Spectrum Brands has had multiple changes of ownership, as defined under IRC Section 382, that subject the utilization of Spectrum Brands' U.S. Federal and state net operating losses and other tax attributes to certain limitations. In addition, separate return year limitations apply to Spectrum Brands' utilization of U.S. Federal and state and local NOL carryforwards acquired from Russell Hobbs. Management concluded that its deferred tax assets on its U.S. and foreign net operating loss carryforwards are not more-likely-than-not realizable. Accordingly, Spectrum Brands has provided a full valuation allowance against these deferred tax assets.

As of September 30, 2013 and 2012, Spectrum Brands’ valuation allowances totaled approximately $454.6 and $384.8, respectively. These valuation allowances were recorded on: (i) U.S. net deferred tax assets totaling $421.7 and $349.3, respectively; and (ii) foreign net deferred tax assets totaling $32.8 and $35.5, respectively. The net increase in Spectrum Brands’ valuation allowance during the year ended September 30, 2013 totaled $69.8, of which $72.4 relates to U.S. net deferred tax assets, and $(2.6) relates to foreign net deferred tax assets. In addition, as a result of an acquisition, Spectrum Brands was able to release $49.8 of its U.S. valuation allowance during Fiscal 2013. The release was attributable to $49.8 of net deferred tax liabilities recorded on the acquiree’s opening balance sheet that are available to offset other U.S. net deferred tax assets. Spectrum Brands was able to release $14.5 of its U.S. valuation allowance resulting from an acquisition during Fiscal 2012. The release was attributable to $14.5 of net deferred tax liabilities recorded on the acquiree's opening balance sheet that are available to offset other U.S. net deferred tax assets.

Effective October 1, 2012, Spectrum Brands began recording residual U.S. and foreign taxes on current foreign earnings in accordance with its change in position under ASC 740. To the extent necessary, the Company intends to utilize earnings of foreign subsidiaries generated after September 30, 2011, to support management’s plans to voluntarily accelerate its pay down of U.S. debt, fund distributions to shareholders, fund U.S. acquisitions and satisfy ongoing U.S. operational cash flow requirements. As a result, earnings of the Company’s non-U.S. subsidiaries after September 30, 2011 are not considered permanently reinvested, except in jurisdictions where repatriation is either precluded or restricted by law. Accordingly, the Company is providing residual U.S. and foreign deferred taxes to these earnings to the extent they cannot be repatriated in a tax-free manner. As a result for the year ending September 30, 2013, Spectrum Brands recorded residual taxes on approximately $12.5 of distributions of foreign earnings and $45.7 of earnings not yet taxed in the U.S. resulting in an increase in tax expense, net of a corresponding adjustment to Spectrum Brands’ domestic valuation allowance, of approximately $0.1. For the year ended September 30, 2012, Spectrum Brands recorded residual U.S. and foreign taxes on approximately $21.1 of distributions and $76.5 of earnings not yet taxed in the U.S., resulting in an increase in tax expense, net of a corresponding adjustment to Spectrum Brands’ domestic valuation allowance, of approximately $3.3.

Remaining undistributed earnings of Spectrum Brands’ foreign operations total approximately $409.6 at September 30, 2013, and are permanently reinvested. Spectrum Brands has determined that it is not practical to calculate the residual U.S. income tax on the foregoing permanently reinvested unremitted foreign earnings.

FGH

At September 30, 2013, FGH’s deferred tax assets were primarily the result of U.S. NOL, capital loss and tax credit carryforwards and insurance reserves. Its net deferred tax asset position at September 30, 2013 and 2012, before consideration of its recorded valuation allowance, totaled $399.2 and $457.1, respectively. Valuation allowances of $158.7 and $177.5 was recorded against its gross deferred tax asset balance at September 30, 2013 and 2012, respectively. FGH’s net deferred tax asset position at September 30, 2013 and 2012, after taking into account the valuation allowance, is $240.5 and $279.6, respectively. For the years ended September 30, 2013 and 2012, FGH recorded a net valuation allowance release of $18.9 (comprised of a full year valuation release of $(20.7) related to the life insurance companies, partially offset by an increase to valuation allowance of $1.8 related to the non-life companies) and $197.8 (comprised of a full year valuation release of $(204.7) related to the life insurance companies, partially offset by an increase to valuation allowance of $6.9 related to FGH’s non−life companies), respectively, based on management’s reassessment of the amount of its deferred tax assets that are more-likely-than-not realizable.

At September 30, 2013, FGH’s valuation allowance of $158.7 consisted of a partial valuation allowance of $118.8 on capital loss carryforwards and a full valuation allowance of $39.9 on non-life insurance net deferred taxes. At September 30, 2012, FGH’s valuation allowance of $177.5 consisted of a partial valuation allowance of $145.9 on capital loss carryforwards and a full valuation allowance of $31.7 on non-life insurance net deferred taxes.

As a consequence of FGH’s acquisition on April 6, 2011, utilization of certain tax attributes (carry-forwards) became limited at the FGL Acquisition date under IRC sections 382 and 383. On September 27, 2013, FGH triggered a subsequent change of ownership, as defined under IRC Section 382; the resulting limitation is higher than the original limitation calculated on April 6, 2011. Consequently, this limitation is not expected to impact FGH’s utilization of its tax attributes. In addition, FGH experienced cumulative losses during the three-year period preceding its acquisition. These are among the factors the Company considered in establishing a valuation allowance against FGH’s deferred tax asset position at the FGL Acquisition Date.

At each reporting date, FGH management considers new evidence, both positive and negative, that could impact management’s view with regard to future realization of deferred tax assets. As of September 30, 2013, management considered the following positive and negative evidence concerning the future realization of FGH’s deferred tax assets:

Positive Evidence:


•	FGH has three years of cumulative US GAAP pre-tax income;


•	FGH’s internal projections of taxable income estimated in future periods reflect a continuation of this trend;


•	FGH has projected that the reversal of taxable temporary timing differences will unwind in the twenty-year projection period;


•	FGH has refined tax planning strategies to utilize capital loss carryforwards by selling assets with acquisition date built-in gains;


•	FGH has a history of utilizing all significant tax attributes before they expire; and


•	FGH’s inventory of limited attributes has been significantly reduced as a result of a tax planning transaction that required amending certain tax returns.

Negative Evidence:


•	Tax rules limit the ability to use carryforwards in future years;


•	There is a brief carryback/carryforward period for life insurance company capital losses (i.e. 3-year carryback/ 5-year carryforward period.)

Based on its assessment of the evidence above, management determined that sufficient positive evidence exists as of September 30, 2013 to conclude that it is “more likely than not” that additional deferred taxes of FGH are more-likely-than-not realizable, and therefore, reduced the valuation allowance accordingly in the amount of $18.9.

At September 30, 2013 and 2012, FGH has NOL carryforwards of $92.7 and $87.0, respectively, which, if unused, will expire in years 2026 through 2033. FGH has capital loss carryforwards totaling $350.4 and $551.9 at September 30, 2013 and 2012, respectively, which if unused, will expire in years 2014 through 2018. In addition, at September 30, 2013 and 2012, FGH has low income housing tax credit carryforwards totaling $54.2 and $52.8, respectively, which, if unused, will expire in years 2017 through 2033 and alternative minimum tax credits of $6.3 and $7.6, respectively, that may be carried forward indefinitely. Certain tax attributes are subject to an annual limitation as a result of the acquisition of FGH by the Company, which constitutes a change of ownership, as defined under IRC Sections 382 and 383.

Uncertain Tax Positions

The total amount of unrecognized tax benefits (“UTBs”) at September 30, 2013 and 2012 are $13.8 and $5.9, respectively. If recognized in the future, $10.1 of UTBs would impact the effective tax rate and $3.7 of UTB's would create deferred tax assets against which the Company would record a full valuation allowance. The Company records interest and penalties related to uncertain tax positions in income tax expense. At September 30, 2013 and 2012, the Company’s accrued balances of interest and penalties on uncertain tax positions totaled $3.7 and $3.6, respectively. For Fiscal 2013, 2012 and 2011, interest and penalties (decreased) increased income tax expense by $0.0, $(1.2) and $(1.4), respectively.

At September 30, 2013, filed income tax returns for certain of the Company’s legal entities in various jurisdictions are undergoing income tax audits. The Company cannot predict the ultimate outcome of these examinations. However, it is reasonably possible that during the next 12 months some portion of previously unrecognized tax benefits could be recognized.

The Company believes its income tax reserves for UTB’s are adequate, consistent with the principles of ASC Topic 740. The Company regularly assesses the likelihood of additional tax assessments by jurisdiction and, if necessary, adjusts its tax reserves based on new information or developments.

The following table summarizes changes to the Company’s UTB reserves, excluding related interest and penalties:



	Amount
Unrecognized tax benefits at September 30, 2010	$	13.2
Gross increase — tax positions in prior period	1.6
Gross decrease — tax positions in prior period	(0.8		)
Gross increase — tax positions in current period	0.6
Settlements	(1.9		)
Lapse of statutes of limitations	(3.7		)
Unrecognized tax benefits at September 30, 2011	9.0
Gross increase — tax positions in prior period	0.7
Gross decrease — tax positions in prior period	(1.3		)
Gross increase — tax positions in current period	0.8
Settlements	(1.7		)
Lapse of statutes of limitations	(1.6		)
Unrecognized tax benefits at September 30, 2012	5.9
Gross increase — tax positions in prior period	9.1
Gross decrease — tax positions in prior period	(0.3		)
Gross increase — tax positions in current period	0.5
Settlements	(0.1		)
Lapse of statutes of limitations	(1.3		)
Unrecognized tax benefits at September 30, 2013	$	13.8

HGI files U.S. Federal consolidated and state and local combined and separate income tax returns. HGI’s consolidated and combined returns do not include Spectrum Brands or FGH (life insurance group), each of which files their own consolidated federal, and combined and separate state and local income tax returns. HGI’s U.S. federal income tax returns for years prior to and including 2010 are no longer subject to audit by the taxing authorities. Except for certain immaterial jurisdictions, HGI’s state and local income tax returns are no longer subject to audit for years prior to 2008. HGI’s U.S. Federal NOL carryforwards from the fiscal years ended September 30, 2010 and prior, will continue to be subject to Internal Revenue Service examination until the statute of limitations expires for the years in which these NOL carryforwards are ultimately utilized.

Spectrum Brands files U.S. Federal consolidated and state and local combined and separate income tax returns as well as foreign income tax returns in various jurisdictions. They are subject to ongoing examination by various taxing authorities. Spectrum Brand’s major taxing jurisdictions are the United States, United Kingdom and Germany.

U.S. Federal income tax returns of Spectrum Brands and Russell Hobbs are no longer subject to audit for fiscal years prior to 2010. However, Federal NOL carryforwards from the fiscal years ended September 30, 2009 and prior, will continue to be subject to Internal Revenue Service examination until the statute of limitations expires for the years in which these NOL carryforwards are ultimately utilized. Filings in various U.S. state and local jurisdictions are also subject to audit; to date, no significant audit matters have arisen.

U.S. Federal income tax returns of FGH for years prior to 2009 are no longer subject to examination by the taxing authorities. Except for certain immaterial jurisdictions, FGH is no longer subject to state and local income tax audits for years prior to 2009. However, Federal NOL carryforwards from tax years ended June 30, 2006 and December 31, 2006, respectively, continue to be subject to Internal Revenue Service examination until the statute of limitations expires for the years in which these NOL carryforwards are ultimately utilized.

Restructuring and Related Activities [Abstract]

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References+ Details

Restructuring and related charges

12 Months Ended

Sep. 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 Fiscal 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 year ended September 30, 2013 and September 30, 2012 and where those charges are classified in the accompanying Consolidated Statements of Operations:



	Year ended September 30,
	2013		2012		2011		Charges Since Inception		Expected Future Charges		Total Projected Costs		Expected Completion Date
Initiatives:
Global Expense Rationalization	$	11.3	$	—	$	—	$	11.3	$	4.2	$	15.5	September 30, 2015
Global Cost Reduction	16.4		18.7		25.5		99.4		3.0		102.4		January 31, 2015
Other	6.3		0.9		3.1
	$	34.0	$	19.6	$	28.6

Classification:
Consumer products cost of goods sold	$	10.0	$	9.8	$	7.8
Selling, acquisition, operating and general expenses	24.0		9.8		20.8
	$	34.0	$	19.6	$	28.6

Included in “Other initiatives” in the table above, Spectrum Brands also recorded $6.2 of restructuring and related charges during the year ended September 30, 2013, related to initiatives implemented by the HHI Business prior to the acquisition by Spectrum Brands in December 2012.

The following table summarizes restructuring and related charges incurred by type of charge and where those charges are classified in the accompanying Consolidated Statements of Operations:



	Year ended September 30,
	2013			2012		2011
Costs included in cost of goods sold:
Global Expense Rationalization Initiatives:
Termination benefits	$	—		$	—	$	—
Other associated benefits	—			—		—
Global Cost Reduction Initiatives:
Termination benefits	0.2			2.9		1.7
Other associated benefits	3.3			6.9		5.9
HHI Business and other restructuring initiatives:
Termination benefits	0.2			—		—
Other associated benefits	6.3			—		0.2
Total included in cost of goods sold	10.0			9.8		7.8
Costs included in selling, acquisition, operating and general expenses:
Global Expense Rationalization Initiatives:
Termination benefits	10.3			—		—
Other associated benefits	1.1			—		—
Global Cost Reduction Initiatives:
Termination benefits	6.3			3.1		10.2
Other associated benefits	6.4			5.8		7.8
HHI Business and other restructuring initiatives:
Termination benefits	—			—		0.9
Other associated benefits	(0.1		)	0.9		1.9
Total included in selling, acquisition, operating and general expenses:	24.0			9.8		20.8
Total restructuring and related charges	$	34.0		$	19.6	$	28.6

The following table summarizes the remaining accrual balance associated with the initiatives and the activity during the year ended September 30, 2013:



	Accrual Balance at September 30, 2012		Provisions		Cash Expenditures			Non-Cash Items			Accrual Balance at September 30, 2013		Expensed as Incurred (a)
Global Expense Rationalization Initiatives:
Termination benefits	$	—	$	9.0	$	(2.1	)	$	0.4		$	7.3	$	1.3
Other costs	—		—		—			—			—		1.0
	—		9.0		(2.1		)	0.4			7.3		2.3
Global Cost Reduction Initiatives:
Termination benefits	3.3		5.3		(3.7		)	$	—		4.9		1.3
Other costs	1.1		0.5		(1.2		)	—			0.4		9.3
	4.4		5.8		(4.9		)	—			5.3		10.6
Other initiatives	2.2		6.0		(0.5		)	(3.6		)	4.1		0.3
	$	6.6	$	20.8	$	(7.5	)	$	(3.2	)	$	16.7	$	13.2

___________________


(a)	Consists of amounts not impacting the accrual for restructuring and related charges.

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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Earnings Per Share

12 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

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):



	Year ended September 30,
	2013			2012			2011
Net (loss) income attributable to common and participating preferred stockholders	$	(94.2	)	$	29.9		$	22.2

Participating shares at end of period:
Common shares outstanding	138,876			139,357			139,346
Preferred shares (as-converted basis)	61,987			62,839			60,989
Total	200,863			202,196			200,335

Percentage of (loss) income allocated to:
Common shares	100.0		%	68.9		%	69.6		%
Preferred shares (a)	—		%	31.1		%	30.4		%

Net (loss) income attributable to common shares - basic	$	(94.2	)	$	20.6		$	15.4

Dilutive adjustments to (loss) income attributable to common shares from assumed conversion of preferred shares, net of tax:
Income allocated to preferred shares in basic calculation	—			—			6.8
Reversal of preferred stock dividends and accretion	—			—			19.8
Reversal of income related to fair value of preferred stock conversion feature	—			—			(27.9		)
Net adjustment	—			—			(1.3		)

Net (loss) income attributable to common shares - diluted	$	(94.2	)	$	20.6		$	14.1

Weighted-average common shares outstanding - basic	139,856			139,356			139,233
Dilutive effect of preferred stock	—			—			19,064
Dilutive effect of unvested restricted stock and restricted stock units	—			381			—
Dilutive effect of stock options	—			81			87
Weighted-average shares outstanding - diluted	139,856			139,818			158,384

Net (loss) income per common share attributable to controlling interest:
Basic	$	(0.67	)	$	0.15		$	0.11
Diluted	$	(0.67	)	$	0.15		$	0.09


(a)	Losses are not allocated to the convertible participating preferred shares since they have no contractual obligation to share in such losses.

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 unvested restricted stock.

At September 30, 2013, there were 61,987 thousand shares issuable upon the conversion of the Preferred Stock, and 2,459 thousand and 640 thousand shares, respectively, of the unvested restricted stock and stock units and stock options that were excluded from the calculation of “Diluted net loss per common share attributable to controlling interest” because the as-converted effect of the Preferred Stock and unvested restricted stock and stock units and stock options would have been anti-dilutive for the year ended September 30, 2013. The Preferred Stock had a weighted average conversion price of $6.64.

Commitments and Contingencies Disclosure [Abstract]

The entire disclosure for earnings per share.

+ References+ Details

Commitments and Contingencies

12 Months Ended

Sep. 30, 2013

Commitments and Contingencies

The Company has aggregate reserves for its legal, environmental and regulatory matters of approximately $17.3 at September 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 September 30, 2013, FGL has accrued $5.3 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.

The EXCO/HGI JV

Various federal, state and local laws and regulations covering discharge of materials into the environment, or otherwise relating to the protection of the environment, may affect the EXCO/HGI’s operations and the costs of its oil and natural gas exploitation, development and production operations. The EXCO/HGI JV does not anticipate that it will be required in the foreseeable future to expend amounts material in relation to the financial statements taken as a whole by reason of environmental laws and regulations. Because these laws and regulations are constantly being changed, the EXCO/HGI JV is unable to predict the conditions and other factors over which the EXCO/HGI JV does not exercise control that may give rise to environmental liabilities affecting it.

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 FGL and OMGUK includes a Guarantee and Pledge Agreement which creates certain obligations for FGH as a grantor and also grants a security interest to OMGUK of FGH’s equity interest in FGL Insurance in the event that FGL 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.

Lease Commitments

The Company’s minimum rent payments under operating leases are recognized on a straight-line basis over the term of the lease. Future minimum rental commitments under non-cancelable operating leases, principally pertaining to land, buildings and equipment, principally relating to Spectrum Brands, are as follows:



	Future Minimum Rental Commitments
Fiscal Year
2014	$	41.1
2015	35.1
2016	29.6
2017	25.0
2018	16.1
Thereafter	38.4
Total minimum lease payments	$	185.3

All of the leases expire between October 2013 and July 2023. The Company’s total rent expense was $51.3, $36.9 and $41.8 during Fiscal 2013, 2012 and 2011, respectively.

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 September 30, 2013, the notional amount of unfunded, legally binding lending commitments was approximately $190.4, of which $13.7 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.

Insurance Subsidiary - Financial Information [Abstract]

The entire disclosure for commitments and contingencies.

+ References+ Details

Insurance Subsidiary - Financial Information

12 Months Ended

Sep. 30, 2013

Insurance Subsidiary - Financial Information

Insurance Subsidiary — Financial Information

The Company’s insurance subsidiaries file financial statements with state insurance regulatory authorities and the NAIC that are prepared in accordance with Statutory Accounting Principles (“SAP”) prescribed or permitted by such authorities, which may vary materially from US GAAP. Prescribed SAP includes the Accounting Practices and Procedures Manual of the NAIC as well as state laws, regulations and administrative rules. Permitted SAP encompasses all accounting practices not so prescribed. The principal differences between statutory financial statements and financial statements prepared in accordance with US GAAP are that statutory financial statements do not reflect VOBA and DAC, some bond portfolios may be carried at amortized cost, assets and liabilities are presented net of reinsurance, contractholder liabilities are generally valued using more conservative assumptions and certain assets are non-admitted. Accordingly, statutory operating results and statutory capital and surplus may differ substantially from amounts reported in the US GAAP basis financial statements for comparable items. For example, in accordance with the US GAAP acquisition method of accounting, the amortized cost of FGH’s invested assets was adjusted to fair value as of the FGL Acquisition Date while it was not adjusted for statutory reporting. Thus, the net unrealized gains on a statutory basis were $283.6 (unaudited) and $1,245.4 (unaudited) as of September 30, 2013 and 2012, respectively, compared to FGH’s net unrealized gains of $236.3 and $1,058.4, respectively, on a US GAAP basis.

The Company’s insurance subsidiaries’ statutory financial statements are based on a December 31 year end. Statutory net income (loss) and statutory capital and surplus of the Company's wholly owned insurance subsidiaries were as follows:



	Subsidiary (state of domicile)(a)
	FGL Insurance (MD)		FGL NY Insurance (NY)
Statutory Net Income (Loss):
Fiscal year ended September 30, 2013 (Unaudited)	$	36.2	$	3.1
Fiscal year ended September 30, 2012 (Unaudited)	145.2		0.7
Period April 6, 2011 to September 30, 2011 (Unaudited)	38.2		4.9
Period January 1, 2011 to April 5, 2011 (Unaudited)	15.3		(0.5		)
Year ended December 31, 2012	102.2		1.0
Year ended December 31, 2011	110.3		4.5

Statutory Capital and Surplus:
September 30, 2013 (Unaudited)	$	1,064.3	$	62.2
September 30, 2012 (Unaudited)	861.6		45.3
December 31, 2012	900.5		41.1
December 31, 2011	846.4		44.7

(a) FGL NY Insurance is a subsidiary of FGL Insurance, and the columns should not be added together.

The amount of statutory capital and surplus necessary to satisfy the applicable regulatory requirements is not significant in relation to FGL Insurance's and FGL NY Insurance's respective statutory capital and surplus.

Life insurance companies are subject to certain Risk-Based Capital (“RBC”) requirements as specified by the NAIC. The RBC is used to evaluate the adequacy of capital and surplus maintained by an insurance company in relation to risks associated with: (i) asset risk, (ii) insurance risk, (iii) interest rate risk and (iv) business risk. FGH monitors the RBC of its insurance subsidiaries. As of September 30, 2013 and 2012, each of FGH’s insurance subsidiaries had exceeded the minimum RBC requirements (unaudited).

The Company’s insurance subsidiaries are restricted by state laws and regulations as to the amount of dividends they may pay to their parent without regulatory approval in any year, the purpose of which is to protect affected insurance policyholders, depositors or investors. Any dividends in excess of limits are deemed “extraordinary” and require approval. Based on statutory results as of December 31, 2012, in accordance with applicable dividend restrictions, the Company’s subsidiaries could pay “ordinary” dividends of $106.3 to FGH in 2013 less any dividends paid during the 12 month period from the last dividend payment. On July 12, 2013, FGL Insurance paid a dividend to FGH in the amount of $40.0. On September 26, 2012 and December 20, 2012, FGL Insurance paid dividends to FGH in the amount of $20.0 and $20.0, respectively, with regard to its 2011 results. Based on its 2012 calendar year statutory results, FGL Insurance is able to declare an ordinary dividend up to $30.0 through October 31, 2013 (taking into account the dividend payments of $40.0 on July 12, 2013 and $20.0 on December 20, 2012). In addition, after October 31, 2013, FGL Insurance will be able to declare an ordinary dividend of $66.3 with respect to its 2012 statutory results, subject to management’s discretion.

As of September 30, 2013 neither FGL Insurance nor FGL NY Insurance follow any prescribed or permitted statutory accounting practices that differ from the NAIC’s statutory accounting practices in the preparation of their statutory basis financial statements. However, FGL Insurance’s statutory carrying value of Raven Re reflects the effect of a permitted practice Raven Re received to treat the available amount of the letter of credit as an admitted asset. Without such permitted statutory accounting Raven Re’s statutory capital and surplus would be negative $118.5 (unaudited) at September 30, 2013 and its risk-based capital would fall below the minimum regulatory requirements. The letter of credit facility is collateralized by NAIC 1 rated debt securities. If the permitted practice was revoked, the letter of credit could be replaced by the collateral assets with Nomura’s consent.

On November 1, 2013, FGL Insurance re-domesticated from Maryland to Iowa. After re-domestication, FGL Insurance elected to apply Iowa-prescribed accounting practices that permit Iowa-domiciled insurers to report equity call options used to economically hedge FIA index credits at amortized cost for statutory accounting purposes and to calculate FIA statutory reserves such that index credit returns will be included in the reserve only after crediting to the annuity contract. Also, the Iowa Insurance Division granted FGL Insurance a permitted statutory accounting practice to reclassify its negative unassigned surplus balance of $805.8 (unaudited) to additional paid in capital as of April 6, 2011, the date the Company acquired FGL Insurance, which will have the effect of setting FGL Insurance’s statutory unassigned surplus to zero as of this date. The prescribed and permitted statutory accounting practice will have no impact on the Company’s consolidated financial statements which are prepared in accordance with U. S. GAAP.

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited)

12 Months Ended

Sep. 30, 2013

Extractive Industries [Abstract]

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited)

The following supplemental information relating to the EXCO/HGI JV’s oil and natural gas producing activities for the period from inception to September 30, 2013 is presented in accordance with ASC 932, Extractive Activities, Oil and Gas.

Presented below are costs incurred in oil and natural gas property acquisition, exploration and development activities:



(in millions, except per unit amounts)	Amount
Period from inception to September 30, 2013:
Proved property acquisition costs	$	569.5
Unproved property acquisition costs	53.9
Total property acquisition costs	623.4
Development	11.8
Exploration costs	—
Lease acquisitions and other	—
Capitalized asset retirement costs	0.1
Depreciation, depletion and amortization per Boe	$	10.30
Depreciation, depletion and amortization per Mcfe	$	1.72

The EXCO/HGI JV retains an independent engineering firm to provide annual year-end estimates of its future net recoverable oil and natural gas reserves. The estimated proved net recoverable reserves the EXCO/HGI JV shows below include only those quantities that it expects to be commercially recoverable at prices and costs in effect at the balance sheet dates under existing regulatory practices and with conventional equipment and operating methods. Proved Developed Reserves represent only those reserves that the EXCO/HGI JV may recover through existing wells. Proved Undeveloped Reserves include those reserves that the EXCO/HGI JV may recover from new wells on undrilled acreage or from existing wells on which it must make a relatively major expenditure for recompletion or secondary recovery operations. All of the EXCO/HGI JV’s reserves are located onshore in the continental United States of America.

Discounted future cash flow estimates like those shown below are not intended to represent estimates of the fair value of the EXCO/HGI JV’s oil and natural gas properties. Estimates of fair value should also consider unproved reserves, anticipated future oil and natural gas prices, interest rates, changes in development and production costs and risks associated with future production. Because of these and other considerations, any estimate of fair value is subjective and imprecise.



	Oil (Mbbls)		Natural Gas (Mmcf)		Natural Gas Liquids (Mbbls)		Natural Gas Equivalent (Mmcfe)
Inception	3,747		268,447		6,113		327,607
Purchase of reserves in place (1)	193		63,145		1,240		71,743
Discoveries and extensions (2)	188		4,416		753		10,062
Revisions of previous estimates:
Changes in price	(125	)	13,116		(135	)	11,556
Other factors (3)	(296	)	(12,136	)	(1,941	)	(25,558	)
Sales of reserves in place	—		—		—		—
Production	(283	)	(14,570	)	(300	)	(18,068	)
September 30, 2013	3,424		322,418		5,730		377,342


(1)	Purchases of reserves in place include the initial contribution of conventional assets from EXCO as of February 14, 2013, and the acquisition of shallow Cotton Valley assets from an affiliate of BG Group as of March 5, 2013.


(2)	New discoveries and extensions were a result of the EXCO/HGI JV’s development in the Permian basin.

(3)

Revisions of previous estimates due to other factors were primarily due to downward adjustments in the Permian basin of 18.1 Bcfe as a result of recent performance and modifications to the EXCO/HGI JV’s development plans which extended the development beyond a five-year horizon. In addition, revisions of previous estimates due to other factors in the East Texas/North Louisiana region were 7.5 Bcfe primarily due to recent performance.

Estimated Quantities of Proved Developed and Undeveloped Reserves



	Oil (Mbbls)	Natural Gas (Mmcf)	Natural Gas Liquids (Mbbls)	Mmcfe
Proved developed:
September 30, 2013	3,107	317,748	4,799	365,185
Proved undeveloped:
September 30, 2013	317	4,670	931	12,157

Standardized measure of discounted future net cash flows

The EXCO/HGI JV has summarized the Standardized Measure related to its proved oil, natural gas, and NGL reserves. The EXCO/HGI JV has based the following summary on a valuation of Proved Reserves using discounted cash flows based on prices as prescribed by the SEC, costs and economic conditions and a 10% discount rate. The additions to Proved Reserves from the purchase of reserves in place, and new discoveries and extensions could vary significantly from year to year; additionally, the impact of changes to reflect current prices and costs of reserves proved in prior years could also be significant. Accordingly, the information presented below should not be viewed as an estimate of the fair value of the EXCO/HGI JV’s oil and natural gas properties, nor should the information be considered to be indicative of any trends.



	Amount
September 30, 2013
Future cash inflows	$	1,638.5
Future production costs	923.7
Future development costs	156.0
Future income taxes	39.3
Future net cash flows	519.5
Discount of future net cash flows at 10% per annum	217.2
Standardized measure of discounted future net cash flows	$	302.3

The reference prices at September 30, 2013 used in the above table, were $95.04 per Bbl of oil, $3.60 per Mmbtu of natural gas, and $38.64 per Bbl for NGLs. In each case, the prices were adjusted for historical differentials. These prices reflect the SEC rules requiring the use of simple average of the first day of the month price for the previous 12 month period for natural gas at Henry Hub, West Texas Intermediate crude oil at Cushing, Oklahoma, and the realized prices for NGLs.

The following are the principal sources of change in the Standardized Measure:



	Amount
Period from inception to September 30, 2013:
Sales and transfers of oil and natural gas produced	$	(46.2	)
Net changes in prices and production costs	39.2
Extensions and discoveries, net of future development and production costs	8.1
Development costs during the period	7.4
Changes in estimated future development costs	20.2
Revisions of previous quantity estimates	(50.2		)
Sales of reserves in place	—
Purchase of reserves in place	300.6
Accretion of discount before income taxes	16.1
Changes in timing and other	27.9
Net change in income taxes	(20.8		)
Net change	$	302.3

Costs not subject to amortization

The following table summarizes the categories of costs comprising the amount of unproved properties not subject to amortization by the period in which such costs were incurred. There are no individually significant properties or significant development projects included in costs not being amortized. The majority of the evaluation activities are expected to be completed within one to four years.



	Amount
Period from inception to September 30, 2013:
Property acquisition costs	$	35.7
Exploration and development	—
Capitalized interest	0.8
Total	$	36.5

Related Party Transactions	12 Months Ended
Related Party Transactions	Sep. 30, 2013
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 HCP 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 $4.7 of expenses under these Service Agreement with respect to the year ended September 30, 2013. During the years ended September 30, 2012 and 2011, 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 January 9, 2012. The Company recognized $2.0 and $1.5 of expenses under these arrangements with respect to the years ended September 30, 2012 and 2011. 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. Further, pursuant to the terms of an existing registration rights agreement between the Company and the HCP Stockholders, the Company undertook a registered secondary offering of 23.0 million shares of the Company’s common stock owned by the HCP Stockholders. The Company incurred $0.4 related to such offering during the year ended September 30, 2013. The Company also provided customary representations, warranties and indemnifications to the underwriters. Lastly, in August 2013, the Company repurchased 1,700.0 thousand shares from the Harbinger Capital Partners Special Situations Fund, L.P., one of the HCP Stockholders, for $12.3, under the terms of a publicly announced general repurchase program of the Company’s outstanding common stock. On March 7, 2011, the Company entered into an agreement (the “Transfer Agreement”) with the Master Fund whereby on March 9, 2011, (i) the Company acquired from the Master Fund a 100% membership interest in FGL, which was the buyer under the F&G Stock Purchase Agreement, between FG_ and OMGUK, pursuant to which FGL agreed to acquire all of the outstanding shares of capital stock of FGH and certain intercompany loan agreements between OM Group, as lender, and FGH, as borrower, and (ii) the Master Fund transferred to FGL the sole issued and outstanding Ordinary Share of FS Holdco Ltd, a Cayman Islands exempted limited company (“FS Holdco”) (together, the “Insurance Transaction”). In consideration for the interests in FGL and FS Holdco, the Company agreed to reimburse the Master Fund for certain expenses incurred by the Master Fund in connection with the Insurance Transaction (up to a maximum of $13.3) and to submit certain expenses of the Master Fund for reimbursement by OM Group under the F&G Stock Purchase Agreement. The Transfer Agreement and the transactions contemplated thereby, including the F&G Stock Purchase Agreement, was approved by the Company’s Board of Directors upon a determination by a special committee (the “FGL Special Committee”) comprised solely of directors who were independent under the rules of the NYSE and represented by independent counsel and other advisors, that it was in the best interests of the Company and its stockholders (other than the Master Fund and its affiliates) to enter into the Transfer Agreement and proceed with the Insurance Transaction. On April 6, 2011, the Company completed the FGL Acquisition. FS Holdco is a holding company, which is the indirect parent company of Front Street. Neither FGL nor FS Holdco has engaged in any significant business other than transactions contemplated in connection with the Insurance Transaction. On May 19, 2011, the FGL Special Committee unanimously determined that it is (i) in the best interests of the Company and its stockholders (other than Harbinger Capital and its affiliates) for Front Street and FGH, to enter into the Reinsurance Agreement, pursuant to which Front Street would reinsure up to $3,000.0 of insurance obligations under annuity contracts of FGL and (ii) in the best interests of the Company for Front Street and HCP II to enter into an investment management agreement (the “Investment Management Agreement”), pursuant to which HCP II would be appointed as the investment manager of up to $1,000.0 of assets securing Front Street’s reinsurance obligations under the Reinsurance Agreement, which assets would be deposited in a reinsurance trust account for the benefit of FGH pursuant to a trust agreement (the “Trust Agreement”). On May 19, 2011, the Company’s board of directors approved the Reinsurance Agreement, the Investment Management Agreement, the Trust Agreement and the transactions contemplated thereby. The FGL Special Committee’s consideration of the Reinsurance Agreement, the Trust Agreement, and the Investment Management Agreement was contemplated by the terms of the Transfer Agreement. In considering the foregoing matters, the FGL Special Committee was advised by independent counsel and received an independent third-party fairness opinion. As discussed further in Note 21, the Reinsurance Agreement required approval of the MIA, which ultimately was not received. FGL’s pre-closing and closing obligations under the F&G Stock Purchase Agreement, including payment of the purchase price, were guaranteed by the Master Fund. Pursuant to the Transfer Agreement, the Company entered into a Guaranty Indemnity Agreement (the “Guaranty Indemnity”) with the Master Fund, pursuant to which the Company agreed to indemnify the Master Fund for any losses incurred by it or its representatives in connection with the Master Fund’s guaranty of FGL’s pre-closing and closing obligations under the Purchase Agreement. On July 14, 2011, the Master Fund and Spectrum Brands entered into an equity underwriting agreement with Credit Suisse Securities (USA) LLC, as representative of the underwriters listed therein, with respect to the offering of 1,000 thousand shares of Spectrum Brands common stock by Spectrum Brands and 5,495 thousand shares of Spectrum Brands common stock by the Master Fund, at a price per share to the public of $28.00. HGI did not sell any shares of Spectrum Brands common stock in the offering. In connection with the offering, HGI entered into a 180-day lock up agreement. In addition, the Master Fund entered into a standstill agreement with HGI, pursuant to which the Master Fund agreed that it would not, among other things (a) either individually or as part of a group, acquire, offer to acquire, or agree to acquire any securities (or beneficial ownership thereof) of Spectrum Brands; (b) other than with respect to certain existing holdings, form, join or in any way participate in a group with respect to any securities of Spectrum Brands; (c) effect, seek, offer, propose or cause or participate in (i) any merger, consolidation, share exchange or business combination involving Spectrum Brands or any material portion of Spectrum Brands’ business, (ii) any purchase or sale of all or any substantial part of the assets of Spectrum Brands or any material portion of the Spectrum Brands’ business; (iii) any recapitalization, reorganization or other extraordinary transaction with respect to Spectrum Brands or any material portion of the Spectrum Brands’ business, or (iv) any representation on the board of directors of Spectrum Brands. On September 10, 2010, the Company entered into the Exchange Agreement with the HCP Stockholders, whereby the HCP Stockholders agreed to contribute a majority interest in Spectrum Brands to the Company in the Spectrum Brands Acquisition in exchange for 4.32 shares of the Company’s common stock for each share of Spectrum Brands common stock contributed to the Company. The exchange ratio of 4.32 to 1.00 was based on the respective volume weighted average trading prices of the Company’s common stock ($6.33) and Spectrum Brands common stock ($27.36) on the NYSE for the 30 trading days from and including July 2, 2010 to and including August 13, 2010, the day the Company received the HCP Stockholders’ proposal for the Spectrum Brands Acquisition. On September 10, 2010, a special committee of the Company’s board of directors advised by independent counsel and other advisors (the “Spectrum Special Committee”), consisting solely of directors who were determined by the Company’s board of directors to be independent under the NYSE rules, unanimously determined that the Exchange Agreement and the Spectrum Brands Acquisition, were advisable to, and in the best interests of, the Company and its stockholders (other than Harbinger Capital), approved the Exchange Agreement and the transactions contemplated thereby, and recommended that the Company’s board of directors approve the Exchange Agreement and the Company’s stockholders approve the issuance of the Company’s common stock pursuant to the Exchange Agreement. On September 10, 2010, the Company’s board of directors (based in part on the unanimous approval and recommendation of the Spectrum Special Committee) unanimously determined that the Exchange Agreement and the Spectrum Brands Acquisition were advisable to, and in the best interests of, the Company and its stockholders (other than Harbinger Capital), approved the Exchange Agreement and the transactions contemplated thereby, and recommended that the Company’s stockholders approve the issuance of its common stock pursuant to the Exchange Agreement. On September 10, 2010, the HCP Stockholders, who held a majority of the Company’s outstanding common stock on that date, approved the issuance of the Company’s common stock pursuant to the Exchange Agreement by written consent in lieu of a meeting pursuant to Section 228 of the General Corporation Law of the State of Delaware. On January 7, 2011, the Company completed the Spectrum Brands Acquisition pursuant to the Exchange Agreement entered into on September 10, 2010 with the HCP Stockholders. In connection therewith, the Company issued an aggregate of 119,910 thousand shares of its common stock in exchange for an aggregate of 27,757 thousand shares of common stock of Spectrum Brands (the “Spectrum Brands Contributed Shares”), or approximately 54.5% of the then outstanding Spectrum Brands common stock. Upon the consummation of the Spectrum Brands Acquisition, the Company became a party to a registration rights agreement, by and among the HCP Stockholders, Spectrum Brands and the other parties listed therein, pursuant to which the Company obtained certain demand and “piggy back” registration rights with respect to the shares of Spectrum Brands’ common stock held by the Company. Following the consummation of the Spectrum Brands Acquisition, the Company also became a party to a stockholders agreement, by and among the HCP Stockholders and Spectrum Brands (the “SB Stockholder Agreement”). Under the SB Stockholder Agreement, the parties thereto have agreed to certain governance arrangements, transfer restrictions and certain other limitations with respect to Going Private Transactions (as such term is defined in the SB Stockholder Agreement). The issuance of shares of the Company’s common stock to the HCP Stockholders pursuant to the Exchange Agreement and the acquisition by the Company of the Spectrum Brands Contributed Shares were not registered under the Securities Act. These shares are restricted securities under the Securities Act. The Company may not be able to sell the Spectrum Brands Contributed Shares and the HCP Stockholders may not be able to sell their shares of the Company’s common stock acquired pursuant to the Exchange Agreement except pursuant to: (i) an effective registration statement under the Securities Act covering the resale of those shares, (ii) Rule 144 under the Securities Act, which requires a specified holding period and limits the manner and volume of sales, or (iii) any other applicable exemption under the Securities Act.

Segment and Geographic Data

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

Segment and Georgraphic Data

12 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

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.



	Year ended September 30,
	2013			2012			2011
Revenues:
Consumer Products	$	4,085.6		$	3,252.4		$	3,186.9
Insurance	1,348.4			1,221.8			290.8
Energy	90.2			—			—
Financial Services	28.9			8.6			—
Intersegment elimination	(9.7		)	(2.1		)	—
Consolidated revenues	$	5,543.4		$	4,480.7		$	3,477.7

Depreciation and amortization
Consumer Products	$	139.8		$	104.5		$	104.7
Insurance	186.3			163.5			(9.4		)
Energy	32.2			—			—
Financial Services	0.1			0.1			—
Total segments	358.4			268.1			95.3
Corporate	0.2			0.1			0.2
Consolidated depreciation and amortization	$	358.6		$	268.2		$	95.5

Operating income (loss):
Consumer Products	$	351.2		$	301.8		$	227.9
Insurance	522.9			159.9			(41.5		)
Energy	(45.2		)	—			—
Financial Services	10.4			2.5			—
Intersegment elimination	(10.9		)	(2.1		)	—
Total segments	828.4			462.1			186.4
Corporate and eliminations	(91.0		)	(52.6		)	(22.7		)
Consolidated operating income	737.4			409.5			163.7
Interest expense	(511.9		)	(251.0		)	(249.3		)
(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock	(101.6		)	(156.6		)	27.9
Bargain purchase gain from business acquisition	—			—			158.3
Gain on contingent purchase price reduction	—			41.0			—
Other expense, net	(5.6		)	(17.5		)	(42.7		)
Consolidated income from continuing operations before income taxes	$	118.3		$	25.4		$	57.9



	Year ended September 30,
	2013		2012		2011
Capital expenditures:
Consumer Products	$	81.9	$	46.8	$	36.2
Insurance	4.1		6.2		1.7
Energy	13.4		—		—
Financial Services	0.3		0.5		—
Total segments	99.7		53.5		37.9
Corporate	0.4		—		0.3
Consolidated capital expenditures	$	100.1	$	53.5	$	38.2



Total assets:	September 30, 2013			September 30, 2012
Consumer Products	$	5,626.7		$	3,751.6
Insurance	21,183.1			20,990.3
Energy	617.6			—
Financial Services	572.2			195.1
Intersegment elimination	(461.4		)	(182.1		)
Total segments	27,538.2			24,754.9
Corporate assets	370.6			445.5
Consolidated total assets	$	27,908.8		$	25,200.4



Total long-lived assets:	September 30, 2013		September 30, 2012
Consumer Products	$	4,143.8	$	2,690.2
Insurance	572.9		280.4
Energy	576.8		—
Financial Services	0.7		0.5
Total segments	5,294.2		2,971.1
Corporate assets	28.4		15.4
Consolidated total long-lived assets	$	5,322.6	$	2,986.5



	Year ended September 30,
Net change in cash due to operating activities	2013			2012		2011
Consumer Products	$	256.5		$	258.7	$	229.9
Insurance	336.2			300.0		(25.4		)
Energy	37.2			—		—
Financial Services	11.7			13.7		—
Net change in cash due to segment operating activities	641.6			572.4		204.5
Net change in cash due to corporate operating activities	(119.3		)	50.1		(49.0		)
Consolidated change in cash due to operating activities	$	522.3		$	622.5	$	155.5

The Company’s geographic data disclosures are as follows:

Net consumer product sales to external customers:



	Year ended September 30,
	2013		2012		2011
United States	$	2,411.4	$	1,772.1	$	1,780.1
Outside the United States	1,674.2		1,480.3		1,406.8
Consolidated net consumer product sales to external customers	$	4,085.6	$	3,252.4	$	3,186.9

Long-lived assets:



	September 30, 2013		September 30, 2012
United States	$	4,397.4	$	2,284.9
Outside the United States	925.2		701.6
Consolidated long-lived assets	$	5,322.6	$	2,986.5

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Consolidating Financial Information [Abstract]

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+ Details

Consolidating Financial Information

12 Months Ended

Sep. 30, 2013

Consolidating Financial Information

The following schedules present the Company’s consolidating balance sheet information at September 30, 2013 and September 30, 2012, and consolidating statements of operations information for the year ended September 30, 2013, 2012 and 2011. These schedules present the individual segments of the Company and their contribution to the consolidated 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



September 30, 2013	Consumer Products		Insurance		Energy		Financial Services		Corporate and Other		Eliminations			Total
Assets:
Investments	$	—	$	16,282.3	$	—	$	389.3	$	42.3	$	(248.0	)	$	16,465.9
Investments in subsidiaries and affiliates	—		62.0		—		—		2,012.9		(2,074.9		)	—
Affiliated loans and receivables	—		150.1		—		0.9		—		(151.0		)	—
Cash and cash equivalents	207.3		1,248.3		18.7		166.5		258.9		—			1,899.7
Receivables, net	546.9		—		22.2		1.2		41.0		—			611.3
Inventories, net	632.9		—		—		—		—		—			632.9
Accrued investment income	—		159.3		—		2.3		—		(0.4		)	161.2
Reinsurance recoverable	—		2,363.7		—		—		—		—			2,363.7
Deferred tax assets	33.0		260.4		—		—		—		—			293.4
Properties, including oil and natural gas properties, net	412.5		7.0		572.6		0.7		0.5		—			993.3
Goodwill	1,476.7		—		—		—		—		—			1,476.7
Intangibles, including DAC and VOBA, net	2,163.2		565.9		—		—		—		—			2,729.1
Other assets	154.2		84.1		4.1		11.3		27.9		—			281.6
Total assets	$	5,626.7	$	21,183.1	$	617.6	$	572.2	$	2,383.5	$	(2,474.3	)	$	27,908.8



Liabilities and Equity:
Insurance reserves	$	—	$	18,895.9	$	—	$	—		$	—	$	—		$	18,895.9
Debt	3,218.9		300.0		271.2		181.8			924.2		—			4,896.1
Accounts payable and other current liabilities	849.4		52.9		32.8		6.3			71.3		—			1,012.7
Equity conversion feature of preferred stock	—		—		—		—			330.8		—			330.8
Employee benefit obligations	96.6		—		—		—			3.0		—			99.6
Deferred tax liabilities	492.8		—		—		—			—		—			492.8
Other liabilities	28.9		640.2		25.4		23.3			0.2		—			718.0
Affiliated debt and payables	—		0.8		102.2		293.3			—		(396.3		)	—
Total liabilities	4,686.6		19,889.8		431.6		504.7			1,329.5		(396.3		)	26,445.9
Temporary equity	—		—		0.1		—			329.3		—			329.4
Total stockholders’ equity	531.0		1,293.3		185.9		67.8			724.7		(2,078.0		)	724.7
Noncontrolling interests	409.1		—		—		(0.3		)	—		—			408.8
Total permanent equity	940.1		1,293.3		185.9		67.5			724.7		(2,078.0		)	1,133.5
Total liabilities and equity	$	5,626.7	$	21,183.1	$	617.6	$	572.2		$	2,383.5	$	(2,474.3	)	$	27,908.8



September 30, 2012	Consumer Products		Insurance		Energy		Financial Services		Corporate and Other		Eliminations			Total
Assets:
Investments	$	—	$	16,556.7	$	—	$	180.1	$	181.6	$	—		$	16,918.4
Investment in subsidiaries and affiliates	—		32.0		—		—		1,858.2		(1,890.2		)	—
Affiliated loans and receivables	—		150.1		—		—		—		(150.1		)	—
Cash and cash equivalents	158.0		1,054.6		—		12.4		245.7		—			1,470.7
Receivables, net	373.4		41.0		—		—		—		—			414.4
Inventories, net	452.6		—		—		—		—		—			452.6
Accrued investment income	—		191.6		—		—		—		—			191.6
Reinsurance recoverable	—		2,363.1		—		—		—		—			2,363.1
Deferred tax assets	28.2		279.6		—		—		4.9		—			312.7
Properties, including oil and natural gas properties, net	214.0		6.9		—		0.4		0.3		—			221.6
Goodwill	694.2		—		—		—		—		—			694.2
Intangibles, including DAC and VOBA, net	1,715.0		273.5		—		—		—		—			1,988.5
Other assets	116.2		41.2		—		2.2		13.0		—			172.6
Total assets	$	3,751.6	$	20,990.3	$	—	$	195.1	$	2,303.7	$	(2,040.3	)	$	25,200.4

Liabilities and Equity:
Insurance reserves	$	—	$	19,051.0	$	—	$	—	$	—	$	—		$	19,051.0
Debt	1,669.3		—		—		—		497.7		—			2,167.0
Accounts payable and other current liabilities	594.2		93.2		—		—		66.8		—			754.2
Equity conversion feature of preferred stock	—		—		—		—		232.0		—			232.0
Employee benefit obligations	90.0		—		—		—		5.1		—			95.1
Deferred tax liabilities	377.5		—		—		—		4.9		—			382.4
Other liabilities	31.6		555.3		—		13.3		0.4		—			600.6
Affiliated debt and payables	—		—		—		150.1		—		(150.1		)	—
Total liabilities	2,762.6		19,699.5		—		163.4		806.9		(150.1		)	23,282.3
Temporary equity	—		—		—		—		319.2		—			319.2
Total stockholders’ equity	567.7		1,290.8		—		31.7		1,177.6		(1,890.2		)	1,177.6
Noncontrolling interests	421.3		—		—		—		—		—			421.3
Total permanent equity	989.0		1,290.8		—		31.7		1,177.6		(1,890.2		)	1,598.9
Total liabilities and equity	$	3,751.6	$	20,990.3	$	—	$	195.1	$	2,303.7	$	(2,040.3	)	$	25,200.4

Harbinger Group Inc. - Condensed Consolidating Statements of Operations Information



Year ended September 30, 2013	Consumer Products			Insurance			Energy			Financial Services			Corporate and Other			Eliminations			Total
Revenues:
Net consumer product sales	$	4,085.6		$	—		$	—		$	—		$	—		$	—		$	4,085.6
Oil and natural gas	—			—			90.2			—			—			—			90.2
Insurance premiums	—			58.8			—			—			—			—			58.8
Net investment income	—			715.5			—			28.9			—			(9.7		)	734.7
Net investment gains	—			511.6			—			—			—			—			511.6
Insurance and investment product fees and other	—			62.5			—			—			—			—			62.5
Total revenues	4,085.6			1,348.4			90.2			28.9			—			(9.7		)	5,543.4
Operating costs and expenses:
Consumer products cost of goods sold	2,695.3			—			—			—			—			—			2,695.3
Oil and natural gas direct operating costs	—			—			44.0			—			—			—			44.0
Benefits and other changes in policy reserves	—			531.8			—			—			—			—			531.8
Selling, acquisition, operating and general expenses	961.3			111.4			37.1			18.5			91.0			1.2			1,220.5
Impairment of oil and gas properties	—			—			54.3			—			—			—			54.3
Amortization of intangibles	77.8			182.3			—			—			—			—			260.1
Total operating costs and expenses	3,734.4			825.5			135.4			18.5			91.0			1.2			4,806.0
Operating income (loss)	351.2			522.9			(45.2		)	10.4			(91.0		)	(10.9		)	737.4
Equity in net income (losses) of subsidiaries	—			—			—			—			266.3			(266.3		)	—
Interest expense	(375.6		)	(11.5		)	(4.7		)	—			(120.1		)	—			(511.9		)
Affiliated interest expense	—			—			(5.6		)	(4.1		)	—			9.7			—
(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock	—			—			—			—			(101.6		)	—			(101.6		)
Other expense, net	(3.5		)	(0.2		)	(1.3		)	—			(0.6		)	—			(5.6		)
(Loss) income from continuing operations before income taxes	(27.9		)	511.2			(56.8		)	6.3			(47.0		)	(267.5		)	118.3
Income tax expense (benefit)	27.4			161.0			—			0.1			(1.2		)	—			187.3
Net (loss) income	(55.3		)	350.2			(56.8		)	6.2			(45.8		)	(267.5		)	(69.0		)
Less: Net (loss) income attributable to noncontrolling interest	(23.6		)	—			—			0.4			—			—			(23.2		)
Net (loss) income attributable to controlling interest	(31.7		)	350.2			(56.8		)	5.8			(45.8		)	(267.5		)	(45.8		)
Less: Preferred stock dividends and accretion	—			—			—			—			48.4			—			48.4
Net (loss) income attributable to common and participating preferred stockholders	$	(31.7	)	$	350.2		$	(56.8	)	$	5.8		$	(94.2	)	$	(267.5	)	$	(94.2	)



Year ended September 30, 2012	Consumer Products			Insurance			Energy		Financial Services			Corporate and Other			Eliminations			Total
Revenues:
Net consumer product sales	$	3,252.4		$	—		$	—	$	—		$	—		$	—		$	3,252.4
Insurance premiums	—			55.3			—		—			—			—			55.3
Net investment income	—			716.2			—		8.6			—			(2.1		)	722.7
Net investment gains (losses)	—			410.0			—		—			—			—			410.0
Insurance and investment product fees and other	—			40.3			—		—			—			—			40.3
Total revenues	3,252.4			1,221.8			—		8.6			—			(2.1		)	4,480.7
Operating costs and expenses:
Consumer products cost of goods sold	2,136.8			—			—		—			—			—			2,136.8
Benefits and other changes in policy reserves	—			777.4			—		—			—			—			777.4
Selling, acquisition, operating and general expenses	750.1			123.9			—		6.1			52.6			—			932.7
Amortization of intangibles	63.7			160.6			—		—			—			—			224.3
Total operating costs and expenses	2,950.6			1,061.9			—		6.1			52.6			—			4,071.2
Operating income	301.8			159.9			—		2.5			(52.6		)	(2.1		)	409.5
Equity in net income of subsidiaries	—			—			—		—			372.0			(372.0		)	—
Interest expense	(191.9		)	(2.5		)	—		—			(56.6		)	—			(251.0		)
Affiliated interest expense	—			—			—		(2.1		)	—			2.1			—
Loss from the change in the fair value of the equity conversion feature of preferred stock	—			—			—		—			(156.6		)	—			(156.6		)
Gain on contingent purchase price reduction	—			41.0			—		—			—			—			41.0
Other (expense) income, net	(0.9		)	0.1			—		—			(16.7		)	—			(17.5		)
Income (loss) from continuing operations before income taxes	109.0			198.5			—		0.4			89.5			(372.0		)	25.4
Income tax expense (benefit)	60.4			(145.7		)	—		—			—			—			(85.3		)
Net income	48.6			344.2			—		0.4			89.5			(372.0		)	110.7
Less: Net income attributable to noncontrolling interest	21.2			—			—		—			—			—			21.2
Net income attributable to controlling interest	27.4			344.2			—		0.4			89.5			(372.0		)	89.5
Less: Preferred stock dividends and accretion	—			—			—		—			59.6			—			59.6
Net income attributable to common and participating preferred stockholders	$	27.4		$	344.2		$	—	$	0.4		$	29.9		$	(372.0	)	$	29.9



Year ended September 30, 2011	Consumer Products			Insurance			Energy		Financial Services		Corporate and Other			Eliminations			Total
Revenues:
Net consumer product sales	$	3,186.9		$	—		$	—	$	—	$	—		$	—		$	3,186.9
Insurance premiums	—			39.0			—		—		—			—			39.0
Net investment income	—			369.8			—		—		—			—			369.8
Net investment gains (losses)	—			(166.9		)	—		—		—			—			(166.9		)
Insurance and investment product fees and other	—			48.9			—		—		—			—			48.9
Total revenues	3,186.9			290.8			—		—		—			—			3,477.7
Operating costs and expenses:
Consumer products cost of goods sold	2,058.0			—			—		—		—			—			2,058.0
Benefits and other changes in policy reserves	—			247.6			—		—		—			—			247.6
Selling, acquisition, operating and general expenses	843.3			95.8			—		—		22.7			—			961.8
Amortization of intangibles	57.7			(11.1		)	—		—		—			—			46.6
Total operating costs and expenses	2,959.0			332.3			—		—		22.7			—			3,314.0
Operating income (loss)	227.9			(41.5		)	—		—		(22.7		)	—			163.7
Equity in net income (losses) of subsidiaries	—			—			—		—		116.1			(116.1		)	—
Interest expense	(208.4		)	(1.9		)	—		—		(39.0		)	—			(249.3		)
Affiliated interest income	—			—			—		—		—			—			—
Gain from the change in the fair value of the equity conversion feature of preferred stock	—			—			—		—		27.9			—			27.9
Bargain purchase gain from business acquisition	—			158.3			—		—		—			—			158.3
Other expense, net	(2.4		)	—			—		—		(40.3		)	—			(42.7		)
Income from continuing operations before income taxes	17.1			114.9			—		—		42.0			(116.1		)	57.9
Income tax expense (benefit)	92.3			(41.7		)	—		—		—			—			50.6
Net (loss) income	(75.2		)	156.6			—		—		42.0			(116.1		)	7.3
Less: Net loss attributable to noncontrolling interest	(34.7		)	—			—		—		—			—			(34.7		)
Net (loss) income attributable to controlling interest	(40.5		)	156.6			—		—		42.0			(116.1		)	42.0
Less: Preferred stock dividends and accretion	—			—			—		—		19.8			—			19.8
Net (loss) income attributable to common and participating preferred stockholders	$	(40.5	)	$	156.6		$	—	$	—	$	22.2		$	(116.1	)	$	22.2

Quarterly Results (Unaudited)

12 Months Ended

Sep. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results (Unaudited)



	Quarter Ended
	September 30, 2013			June 30, 2013			March 31, 2013			December 30, 2012
Net consumer product sales	$	1,137.8		$	1,089.8		$	987.7		$	870.3
Total revenues	1,498.6			1,410.6			1,411.9			1,222.3
Gross profit	396.5			382.8			322.8			288.2
Operating income	205.4			182.6			134.0			215.4
Net (loss) income attributable to common and participating preferred stockholders	(202.3		)	91.6			(45.5		)	62.0
Net (loss) income per common share attributable to controlling interest:
Basic	(1.45		)	0.45			(0.33		)	0.31
Diluted	(1.45		)	0.25			(0.33		)	0.03

	Quarter Ended
	September 30, 2012			July 1, 2012			April 1, 2012			January 1, 2012
Net consumer product sales	$	832.6		$	824.8		$	746.2		$	848.8
Total revenues	1,196.9			1,012.2			1,105.6			1,166.0
Gross profit	279.9			291.7			260.0			284.0
Operating income	120.3			81.4			96.0			111.8
Net income (loss) attributable to common and participating preferred stockholders	159.1			(149.1		)	(3.9		)	23.8
Net income (loss) per common share attributable to controlling interest:
Basic	0.79			(1.07		)	(0.02		)	0.12
Diluted	0.78			(1.07		)	(0.02		)	0.06

Summary of Investments, Other than Investments in Related Parties [Abstract]

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Schedule I - Summary of Investments, Other Than Investments in Related Parties

12 Months Ended

Sep. 30, 2013

Schedule I - Summary of Investments, Other than Investments in Related Parties

HARBINGER GROUP INC. AND SUBSIDIARIES

Summary of Investments — Other than Investments in Related Parties

September 30, 2013

(In millions)



	Amortized Cost ^(a)		Fair Value		Amount at which shown in the balance sheet
Fixed maturities:
Bonds:
United States Government and government agencies and authorities	$	1,095.0	$	1,100.4	$	1,100.4
States, municipalities and political subdivisions	1,014.8		1,023.5		1,023.5
Foreign governments	20.0		19.7		19.7
Public utilities	1,586.9		1,634.8		1,634.8
Convertibles and bonds with warrants attached	—		—		—
All other corporate bonds	11,345.4		11,521.6		11,521.6
Redeemable preferred stock	—		—		—
Total fixed maturities	15,062.1		15,300.0		15,300.0
Equity securities:
Common stocks:
Public utilities	—		—		—
Banks, trust, and insurance companies	143.2		130.4		130.4
Industrial, miscellaneous and all other	69.5		40.8		40.8
Nonredeemable preferred stock	182.0		181.3		181.3
Total equity securities	394.7		352.5		352.5
Derivative investments	141.7		221.8		221.8
Asset-based loans	560.4		560.4		560.4
Policy loans	20.5		20.5		20.5
Other long-term investments	10.7		10.7		10.7
Total investments	$	16,190.1	$	16,465.9	$	16,465.9

(a)

Represents (i) original cost reduced by repayments and other-than-temporary impairments and adjusted for amortization of premiums and accrual of discounts for fixed maturity securities, (ii) original cost reduced by other-than-temporary impairments for equity securities, (iii) original cost for derivative investments, and (iv) unpaid principal balance reduced by an allowance for credit losses for asset-based loans.

See accompanying Report of Independent Registered Public Accounting Firm.

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

+ References+ Details

Schedule II - Condensed Financial Information of Registrant

12 Months Ended

Sep. 30, 2013

Schedule II - Condensed Financial Information of the Registrant

Condensed Financial Information of the Registrant

HARBINGER GROUP INC. (Registrant Only)

BALANCE SHEETS

(In millions)



	September 30, 2013			September 30, 2012
ASSETS
Cash and cash equivalents	$	256.9		$	235.8
Short-term investments	—			34.0
Receivables, net	41.0
Prepaid expenses and other current assets	3.3			6.4
Total current assets	301.2			276.2
Investments in consolidated subsidiaries	2,049.0			2,001.8
Advances to consolidated subsidiaries	9.5			9.4
Properties, net	0.5			0.3
Deferred charges and other assets	23.1			11.6
Total assets	$	2,383.3		$	2,299.3
LIABILITIES AND EQUITY
Accounts payable	$	1.4		$	0.8
Accrued and other current liabilities	69.6			61.7
Total current liabilities	71.0			62.5
Long-term debt	924.2			497.7
Equity conversion feature of preferred stock	330.8			232.0
Employee benefit obligations	3.0			5.1
Deferred income taxes	—			4.9
Other liabilities	0.3			0.3
Total liabilities	1,329.3			802.5
Temporary equity:
Redeemable preferred stock	329.3			319.2
Stockholders’ equity:
Common stock	1.4			1.4
Additional paid-in capital	828.0			861.2
Accumulated deficit	(192.4		)	(98.2		)
Accumulated other comprehensive income	87.7			413.2
Total stockholders’ equity	724.7			1,177.6
Total liabilities and equity	$	2,383.3		$	2,299.3

See accompanying Report of Independent Registered Public Accounting Firm.

SCHEDULE II

(continued)

HARBINGER GROUP INC. (Registrant Only)

STATEMENTS OF OPERATIONS

(In millions)



	Year ended
	September 30, 2013			September 30, 2012			September 30, 2011
Revenues	$	—		$	—		$	—
Cost of revenues	—			—			—
Gross profit	—			—			—
Operating expenses:
General and administrative	77.4			48.4			13.9
Acquisition related charges	12.7			3.7			8.7
Total operating expenses	90.1			52.1			22.6
Operating loss	(90.1		)	(52.1		)	(22.6		)
Other income (expense):
Equity in net income of subsidiaries	263.7			354.6			75.0
Interest expense	(120.1		)	(56.6		)	(39.0		)
(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock	(101.6		)	(156.6		)	27.9
Other, net	1.1			0.2			0.7
(Loss) income before income taxes	(47.0		)	89.5			42.0
Income tax (benefit) expense	(1.2		)	—			—
Net (loss) income	(45.8		)	89.5			42.0
Less: Preferred stock dividends and accretion	48.4			59.6			19.8
Net (loss) income attributable to common and participating preferred stockholders	$	(94.2	)	$	29.9		$	22.2

See accompanying Report of Independent Registered Public Accounting Firm.

SCHEDULE II

(continued)

HARBINGER GROUP INC. (Registrant Only)

STATEMENTS OF CASH FLOWS

(In millions)



	Year ended
	September 30, 2013			September 30, 2012			September 30, 2011
Cash flows from operating activities:
Net (loss) income	$	(45.8	)	$	89.5		$	42.0
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation of properties	0.2			0.1			0.1
Stock-based compensation	11.7			1.9			0.1
Amortization of debt issuance costs	2.7			2.9			1.8
Amortization of debt discount	0.5			0.6			0.6
Write-off of debt issuance costs on retired debt	10.8			—			—
Write-off of debt discount on retired debt	2.1			—			—
Deferred income taxes	—			3.6			0.4
Equity in net income of subsidiaries	(263.7		)	(354.6		)	(75.0		)
Dividends from subsidiaries	127.1			69.5			20.0
Loss gain from the change in the fair value of the equity conversion feature of preferred stock	101.6			156.6			(27.9		)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	—			(4.6		)	0.1
Accounts payable and accrued and other current liabilities	51.4			27.0			15.7
Other operating	11.6			(1.7		)	1.8
Net change in cash due to operating activities	10.2			(9.2		)	(20.3		)
Cash flows from investing activities:
Proceeds from investments sold, matured or repaid	34.0			108.9			101.0
Cost of investments acquired	—			(68.0		)	(121.9		)
Capital contributions to consolidated subsidiaries	(454.4		)	(36.3		)	(727.2		)
Return of capital from subsidiary	126.8			88.0			—
Repayments from (advances to) consolidated subsidiaries	—			49.3			(49.3		)
Capital expenditures	(0.4		)	—			(0.3		)
Net change in cash due to investing activities	(294.0		)	141.9			(797.7		)
Cash flows from financing activities:
Dividends paid on preferred stock	(33.4		)	(31.7		)	—
Proceeds from senior secured notes	923.9			—			498.4
Repayment of senior secured notes, including tender / call premium	(545.9		)	—			—
Proceeds from preferred stock issuance, net of issuance costs	—			—			385.9
Debt issuance costs	(25.1		)	—			(16.2		)
Common stock repurchased	(12.3		)	—			—
Share based award tax withholding payments	(2.3		)	—			—
Other financing activities	—			—			0.4
Net change in cash due to financing activities	304.9			(31.7		)	868.5
Net increase in cash and cash equivalents	21.1			101.0			50.5
Cash and cash equivalents at beginning of period	235.8			134.8			84.3
Cash and cash equivalents at end of period	$	256.9		$	235.8		$	134.8

See accompanying Report of Independent Registered Public Accounting Firm.

Supplementary Insurance Information [Abstract]

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References+ Details

Schedule III - Supplemental Insurance Information

12 Months Ended

Sep. 30, 2013

Schedule III - Supplementary Insurance Information

HARBINGER GROUP INC. AND SUBSIDIARIES

Supplementary Insurance Information

(In millions)



	As of or for the year ended September 30,
	2013			2012			2011
Life Insurance (single segment):
Deferred acquisition costs	$	340.6		$	169.2		$	38.1
Future policy benefits, losses, claims and loss expenses	3,556.8			3,614.8			3,598.2
Other policy claims and benefits payable	51.5			91.1			56.7
Premium revenue	58.8			55.3			39.0
Net investment income	715.5			716.2			369.8
Benefits, claims, losses and settlement expenses	(531.8		)	(777.4		)	(247.6		)
Amortization of deferred acquisition costs	(45.3		)	(15.2		)	(0.9		)
Other operating expenses	(111.4		)	(123.9		)	(95.8		)

See accompanying Report of Independent Registered Public Accounting Firm.

Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Abstract]

The entire disclosure for required supplementary insurance information giving segment detail in support of various balance sheet and income statement captions. The balance sheet information generally is presented as of the date of each audited balance sheet filed, and the income statement information generally is presented for each period for which an audited income statement is required to be filed. Supplementary insurance information table includes segment name; deferred policy acquisition costs; future policy benefits, losses, claims and loss expenses; unearned premiums; other policy claims and benefits payable; premium revenue; net investment income; benefits, claims, losses and settlement expenses; amortization of deferred policy acquisition costs; other operating expenses; and premiums written.

+ References+ Details

Schedule IV - Reinsurance

12 Months Ended

Sep. 30, 2013

Schedule IV - Reinsurance

HARBINGER GROUP INC. AND SUBSIDIARIES

Reinsurance

(Dollars in millions)



For the year ended September 30, 2013	Gross Amount		Ceded to other companies			Assumed from other companies		Net Amount		Percentage of amount assumed to net
Life insurance in force	$	2,596.7	$	(1,965.4	)	$	17.3	$	648.6	2.67	%
Premiums and other considerations:
Traditional life insurance premiums	$	279.2	$	(253.2	)	$	32.8	$	58.8	55.78	%
Annuity product charges	135.5		(75.0		)	—		60.5		—	%
Total premiums and other considerations	$	414.7	$	(328.2	)	$	32.8	$	119.3	27.49	%



For the year ended September 30, 2012	Gross Amount		Ceded to other companies			Assumed from other companies		Net Amount		Percentage of amount assumed to net
Life insurance in force	$	2,436.3	$	(1,929.0	)	$	22.8	$	530.1	4.30	%
Premiums and other considerations:
Traditional life insurance premiums	$	298.0	$	(289.9	)	$	47.2	$	55.3	85.35	%
Annuity product charges	117.9		(79.6		)	—		38.3		—	%
Total premiums and other considerations	$	415.9	$	(369.5	)	$	47.2	$	93.6	50.43	%



For the year ended September 30, 2011	Gross Amount		Ceded to other companies			Assumed from other companies		Net Amount		Percentage of amount assumed to net
Life insurance in force	$	2,256.7	$	(1,180.4	)	$	22.6	$	1,098.9	2.06	%
Premiums and other considerations:
Traditional life insurance premiums	$	157.8	$	(141.6	)	$	22.8	$	39.0	58.46	%
Annuity product charges	68.5		(18.8		)	—		49.7		—	%
Total premiums and other considerations	$	226.3	$	(160.4	)	$	22.8	$	88.7	25.70	%

See accompanying Report of Independent Registered Public Accounting Firm.

(Policies)

12 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Fiscal Year End

Principles of Consolidation

Cash Equivalents

The Company considers all highly liquid debt instruments purchased with original maturities of three months or less to be cash equivalents.

Investments

Available-for-sale Securities—Other-Than-Temporary Impairments

For FGH’s fixed maturity available-for-sale securities, FGH generally considers the following in determining whether FGH’s unrealized losses are other than temporarily impaired:


•	The estimated range and period until recovery;


•	Current delinquencies and nonperforming assets of underlying collateral;


•	Expected future default rates;


•	Collateral value by vintage, geographic region, industry concentration or property type;


•	Subordination levels or other credit enhancements as of the balance sheet date as compared to origination; and


•	Contractual and regulatory cash obligations.

FGH recognizes other-than-temporary impairments on debt securities in an unrealized loss position when one of the following circumstances exists:


•	FGH does not expect full recovery of its amortized cost based on the estimate of cash flows expected to be collected;


•	FGH intends to sell a security; or


•	It is more likely than not that FGH will be required to sell a security prior to recovery.

Asset-based Loans

Allowance for Credit Losses

Credit Quality Indicators


•	Pass - Loans with standard, acceptable levels of credit risk. Salus scores these loans between 1 and 5;


•	Special mention - Loans that have potential weaknesses that deserve close attention, and which, if left uncorrected, may result in deterioration of our credit position at some future date. Salus scores these loans as a 6;

•


•	Doubtful - Loans that have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full improbable based on currently existing facts, conditions, and values. Salus scores these loans as either a 9 or 10.

Derivative Financial Instruments

Consumer Products

Insurance

The EXCO/HGI JV

Corporate and Other

Displays and Fixtures

Inventories

The Company’s inventories are valued at the lower of cost or net realizable value. Cost of inventories is determined using the first-in, first-out (“FIFO”) method.

Properties

Oil and natural gas properties

Full Cost Method

Capitalization of Interest

Depletion

Ceiling Test and impairment of proved oil and natural gas properties

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 fourteen years.

Deferred abandonment and asset retirement obligations

Goodwill and Intangibles

Consumer Products

Intangibles with Indefinite Lives

Intangibles with Definite or Estimable Useful Lives

Insurance

Intangible assets of the Company’s insurance segment include value of business acquired (“VOBA”) and deferred acquisition costs (“DAC”).

Reinsurance

Debt Issuance Costs

Accounts Payable

Included in accounts payable are book overdrafts, net of deposits on hand, on disbursement accounts that are replenished when checks are presented for payment.

Income Taxes

Contractholder Funds and Future Policy Benefits

Federal Home Loan Bank of Atlanta Agreements

Foreign Currency Translation

Revenue Recognition

Net Sales

Insurance Premiums

Net Investment Income

Net Investment Gains (Losses)

Product Fees

Oil and natural gas revenues

Shipping and Handling Costs

Advertising Costs

Research and Development Costs

Research and development costs are charged to “Selling, acquisition, operating and general expenses” in the period they are incurred.

Environmental Expenditures

Gathering and transportation

Overhead reimbursement fees

Comprehensive Income (Loss)

Fair Value Measurements

Level 1 — Values are unadjusted quoted prices for identical assets and liabilities in active markets accessible at the measurement date.

Restructuring and Related Charges

Benefits and Other Changes in Policy Reserves

Reclassifications and Retrospective Adjustments

Change in Accounting Method

As a result of the change in accounting method, the Company had the following reclassifications for years ended September 30, 2012 and 2011, respectively:



	Year ended
		September 30, 2012			September 30, 2011

Net change in cash due to operating activities		$	4.0		$	2.5

Net change in cash due to financing activities		$	(4.0	)	$	(2.5	)

Recent Accounting Pronouncements

Presentation of Comprehensive Income

Offsetting Assets and Liabilities

Significant Accounting Policies and Practices and Recent Accounting Pronouncements (Tables)

12 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

As a result of the change in accounting method, the Company had the following reclassifications for years ended September 30, 2012 and 2011, respectively:



	Year ended
		September 30, 2012			September 30, 2011

Net change in cash due to operating activities		$	4.0		$	2.5

Net change in cash due to financing activities		$	(4.0	)	$	(2.5	)

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 01

-Paragraph b

-Subparagraph 6

-Article 10

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 270

-SubTopic 10

-Section 45

-Paragraph 13

-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 270

-SubTopic 10

-Section 45

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 250

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 5: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 250

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-Section 50

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Direct Effects of a Change in Accounting Principle

-URI http://asc.fasb.org/extlink&oid=6510796

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Indirect Effects of a Change in Accounting Principle

-URI http://asc.fasb.org/extlink&oid=6515603

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Accounting Change

-URI http://asc.fasb.org/extlink&oid=6503790

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Change in Accounting Principle

-URI http://asc.fasb.org/extlink&oid=6507316

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 270

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-Section S99

-Paragraph 1

-Subparagraph (SX 210.10-01.(b)(6))

-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Retrospective Application

-URI http://asc.fasb.org/extlink&oid=6523989

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 250

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

+ Details

Acquisitions (Tables)

12 Months Ended

Sep. 30, 2013

Components of net deferred tax assets

The following table summarizes the components of deferred income tax assets and liabilities:



	September 30, 2013			September 30, 2012
Current deferred tax assets:
Employee benefits	$	15.4		$	29.5
Restructuring	7.1			8.1
Inventories and receivables	24.3			22.5
Employee compensation	5.4			—
Marketing and promotional accruals	14.1			8.3
Capitalized transaction costs	0.1			0.1
Unrealized losses on mark-to-market securities	12.6			10.2
Other	23.9			15.1
Valuation allowance	(55.0		)	(49.0		)
Total current deferred tax assets	47.9			44.8
Current deferred tax liabilities:
Inventories and receivables	(2.7		)	(2.6		)
Unrealized gains	(0.4		)	(1.2		)
Other	(11.7		)	(7.9		)
Total current deferred tax liabilities	(14.8		)	(11.7		)
Noncurrent deferred tax assets:
Employee benefits	$	49.5		$	37.5
Restructuring and purchase accounting	0.3			0.4
Net operating loss, credit and capital loss carry forwards	1,029.5			914.5
Prepaid royalty	7.0			7.0
Properties	9.7			3.2
Capitalized transaction costs	0.6			—
Unrealized losses on mark-to-market securities	2.1			12.7
Long-term debt	0.7			4.0
Intangibles	3.9			4.3
Deferred acquisition costs	0.4			9.9
Insurance reserves and claim related adjustments	477.7			620.3
Outside basis differences on partnership interests	21.3			—
Other	32.8			30.8
Valuation allowance	(762.2		)	(611.1		)
Total noncurrent deferred tax assets	873.3			1,033.5
Noncurrent deferred tax liabilities:
Properties	(27.5		)	(15.3		)
Unrealized gains	(13.1		)	(15.8		)
Intangibles	(735.5		)	(596.2		)
Value of business acquired	(67.3		)	(36.5		)
Deferred acquisition costs	(63.7		)	—
Tax on unremitted foreign earnings	(18.6		)	(29.2		)
Investments	(156.5		)	(438.7		)
Other	(23.4		)	(4.5		)
Total noncurrent deferred tax liabilities	(1,105.6		)	(1,136.2		)
Total gross deferred tax assets	$	921.2		$	1,078.3
Total gross deferred tax liabilities	$	(1,120.4	)	$	(1,147.9	)

Company's unaudited pro forma results



	September 30,
	2013			2012			2011 (a)

Revenues:
Reported revenues	$	5,543.4		$	4,480.7		$	3,477.7
FGH adjustment (b)	—			—			685.8
HHI adjustment	191.8			973.6			975.1
EXCO/HGI JV adjustment	53.7			149.3			213.8
Pro forma revenues	$	5,788.9		$	5,603.6		$	5,352.4

Net (loss) income:
Reported net (loss) income	$	(69.0	)	$	110.7		$	7.3
FGH adjustment (b)	—			—			84.9
HHI adjustment	4.9			76.1			77.0
EXCO/HGI JV adjustment	(0.4		)	(6.8		)	49.4
Pro forma net (loss) income	$	(64.5	)	$	180.0		$	218.6

Basic net (loss) income per common share attributable to controlling interest:
Reported net (loss) income per common share	$	(0.67	)	$	0.15		$	0.11
FGH adjustment	—			—			0.61
HHI adjustment	0.04			0.55			0.55
EXCO/HGI JV adjustment	—			(0.05		)	0.35
Pro forma net (loss) income per common share	$	(0.63	)	$	0.65		$	1.62

Diluted net (loss) income per common share attributable to controlling interest:
Reported diluted net (loss) income per common share	$	(0.67	)	$	0.15		$	0.09
FGH adjustment	—			—			0.54
HHI adjustment	0.04			0.54			0.49
EXCO/HGI JV adjustment	—			(0.05		)	0.31
Pro forma diluted net (loss) income per common share	$	(0.63	)	$	0.64		$	1.43


(a)	Reported revenues and net income for Fiscal 2011 include the actual reported results of FGH for the approximate six month period subsequent to April 6, 2011. Reported net income also includes the $158.3 non-recurring bargain purchase gain which was recorded as of the FGL Acquisition Date, and reflects the retrospective measurement period adjustments disclosed above.


(b)	The pro forma information primarily reflects the following pro forma adjustments applied to FGH’s historical results:


•	Reduction in net investment income to reflect amortization of the premium on fixed maturity securities — available-for-sale resulting from the fair value adjustment of these assets;


•	Reversal of amortization associated with the elimination of FGH’s historical DAC;


•	Amortization of VOBA associated with the establishment of VOBA arising from the acquisition;


•	Adjustments to reflect the impacts of the recapture of the life business from OM Re and the retrocession of the majority of the recaptured business and the reinsurance of certain life business previously not reinsured to an unaffiliated third party reinsurer, including the amortization of the related $13.8 Structuring Fee;


•	Adjustments to eliminate interest expense on notes payable to seller and add interest expense on the new $95.0 surplus note payable (which was subsequently settled in October 2011);


•	Adjustments to reflect the full-period effect of interest expense on the initial $350.0 of 10.625% Notes issued on November 15, 2010, the proceeds of which were used to fund the FGL Acquisition; and


•	Reversal of the change in the deferred tax valuation allowance included in the income tax provision.

Summary of acquisition and integration related charges incurred

The following table summarizes acquisition and integration related charges incurred by the Company for the years ended September 30, 2013, 2012 and 2011:



	September 30,
	2013		2012		2011
SB/RH Merger
Integration costs	$	3.5	$	10.2	$	23.1
Employee termination charges	0.2		3.9		8.1
Legal and professional fees	—		1.5		4.9
	3.7		15.6		36.1
HHI Business
Legal and professional fees	27.7		—		—
Integration costs	8.9		—		—
Employee termination charges	0.3		—		—
	36.9		—		—

FGL	—		—		22.7
Spectrum Brands	—		—		1.1
EXCO/HGI JV	9.2		—		—
FURminator	2.3		7.9		—
BlackFlag	0.2		3.4		—
Shaser	4.8		—		—
Other	5.3		7.9		3.7
Total acquisition and integration related charges	$	62.4	$	34.8	$	63.6

FGL

Summary of fair value of assets acquired and liabilities assumed

The following table summarizes the provisional and final amounts recognized at fair value for each major class of assets acquired and liabilities assumed as of the FGL Acquisition Date:



	Provisional Amounts		Fiscal 2012 Measurement Period Adjustments			Final Amounts
Investments, cash and accrued investment income, including cash acquired of $1,040.5	$	17,705.4	$	—		$	17,705.4
Reinsurance recoverable	929.8		15.2			945.0
Intangible assets (VOBA)	577.2		—			577.2
Deferred tax assets	256.6		(3.9		)	252.7
Other assets	72.8		—			72.8
Total assets acquired	19,541.8		11.3			19,553.1
Contractholder funds and future policy benefits	18,415.0		—			18,415.0
Liability for policy and contract claims	60.4		—			60.4
Note payable	95.0		—			95.0
Other liabilities	475.3		4.1			479.4
Total liabilities assumed	19,045.7		4.1			19,049.8
Net assets acquired	496.1		7.2			503.3
Cash consideration, net of $5.0 re-characterized as expense	345.0		—			345.0
Bargain purchase gain	$	151.1	$	7.2		$	158.3

Components of net deferred tax assets

The components of the net deferred tax assets as of the FGL Acquisition Date (updated for measurement period adjustments) are as follows:



Deferred tax assets:
DAC	$	96.8
Insurance reserves and claim related adjustments	401.7
Net operating losses	128.4
Capital losses (carryovers and deferred)	267.5
Tax credits	75.2
Other deferred tax assets	24.1
Total deferred tax assets	993.7
Valuation allowance	(405.4		)
Deferred tax assets, net of valuation allowance	588.3
Deferred tax liabilities:
VOBA	202.0
Investments	121.2
Other deferred tax liabilities	12.4
Total deferred tax liabilities	335.6
Net deferred tax assets	$	252.7

HHI Business

Summary of preliminary consideration

The following table summarizes the preliminary consideration paid for the HHI Business:



Negotiated sales price, excluding TLM Taiwan	$	1,300.0
Working capital and other adjustments at December 17, 2012 close	(10.7		)
Final working capital adjustment	(7.7		)
Final purchase price, excluding TLM Taiwan	1,281.6
Negotiated sales price, TLM Taiwan	100.0
Final TLM Taiwan working capital and other adjustments	(6.5		)
Total HHI Business purchase price	$	1,375.1

Summary of fair value of 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:



	HHI Business Preliminary Valuation			TLM Taiwan Preliminary Valuation					Preliminary Valuation
	December 30, 2012			June 30, 2013		Adjustments/reclassifications			September 30, 2013
Cash	$	17.4		$	0.8	$	5.8		$	24.0
Accounts receivable	104.6			—		4.0			108.6
Inventory	207.2			1.1		0.1			208.4
Prepaid expenses and other	13.3			2.2		(6.2		)	9.3
Property, plant and equipment	104.5			36.8		(2.9		)	138.4
Intangible assets	470.0			17.1		2.0			489.1
Other long-term assets	3.1			0.1		4.4			7.6
Total assets acquired	920.1			58.1		7.2			985.4
Accounts payable	130.1			—		8.0			138.1
Deferred tax liability - current	7.1			—		0.1			7.2
Accrued liabilities	37.6			0.2		5.0			42.8
Deferred tax liability - long-term	104.7			1.9		9.8			116.4
Other long-term liabilities	11.2			8.1		0.4			19.7
Total liabilities assumed	290.7			10.2		23.3			324.2
Total identifiable net assets	629.4			47.9		(16.1		)	661.2
Non-controlling interests	(2.2		)	—		(1.7		)	(3.9		)
Goodwill	662.1			45.6		10.1			717.8
Total net assets acquired	$	1,289.3		$	93.5	$	(7.7	)	$	1,375.1

Shaser Biosciences, Inc.

Summary of preliminary consideration

The following table summarizes the preliminary consideration paid for Shaser:



	November 8, 2012
Negotiated sales price	$	50.0
Preliminary working capital adjustment	(0.4		)
Final working capital adjustment	0.1
Preliminary purchase price	$	49.7

Summary of fair value of assets acquired and liabilities assumed

The fair values recorded for the assets acquired and liabilities assumed for Shaser, including a reconciliation to the preliminary valuation reported as of December 30, 2012 are as follows:



	Preliminary Valuation						Preliminary Valuation
	December 30, 2012			Adjustments/reclassifications			September 30, 2013
Cash	$	0.9		$	—		$	0.9
Intangible asset	35.5			(6.2		)	29.3
Other assets	2.7			(2.5		)	0.2
Total assets acquired	39.1			(8.7		)	30.4
Total liabilities assumed	14.4			(5.6		)	8.8
Total identifiable net assets	24.7			(3.1		)	21.6
Non-controlling interest	(39.0		)	(0.1		)	(39.1		)
Goodwill	63.9			3.3			67.2
Total identifiable net assets	$	49.6		$	0.1		$	49.7

Cotton-Valley Oil and Gas Properties

Summary of fair value of 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:



	EXCO's Contributed Assets February 14, 2013						BG Cotton Valley Assets March 5, 2013
	EXCO/HGI JV			HGI's Proportionate Interest			EXCO/HGI JV			HGI's Proportionate Interest
Assets acquired:
Cash	$	0.1		$	0.1		$	—		$	—
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			130.9			97.5
Total oil and natural gas properties	697.3			519.5			138.1			102.9
Gas Gathering and other assets	32.7			24.5			—			—
Liabilities assumed:
Accounts payable and other current liabilities	(10.8		)	(8.0		)	—			—
Other liabilities	(24.8		)	(18.5		)	(7.4		)	(5.5		)
Total purchase price	$	694.5		$	517.6		$	130.7		$	97.4

(Tables)

12 Months Ended

Sep. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Available-for-Sale Securities

The Company’s consolidated investments are summarized as follows:



	September 30, 2013
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Carrying Value

Fixed-maturity securities, available-for sale
Asset-backed securities	$	1,505.7	$	22.6	$	(5.2	)	$	1,523.1	$	1,523.1
Commercial mortgage-backed securities	431.3		24.7		(1.6		)	454.4		454.4
Corporates	9,314.7		288.7		(185.1		)	9,418.3		9,418.3
Hybrids	412.6		19.5		(3.3		)	428.8		428.8
Municipals	998.8		49.0		(40.8		)	1,007.0		1,007.0
Agency residential mortgage-backed securities	96.5		2.4		(0.3		)	98.6		98.6
Non-agency residential mortgage-backed securities	1,304.0		77.4		(13.4		)	1,368.0		1,368.0
U.S. Government	998.5		7.2		(3.9		)	1,001.8		1,001.8
Total fixed maturities	15,062.1		491.5		(253.6		)	15,300.0		15,300.0
Equity securities
Available-for-sale	274.6		6.7		(10.3		)	271.0		271.0
Held for trading	120.1		0.6		(39.2		)	81.5		81.5
Total equity securities	394.7		7.3		(49.5		)	352.5		352.5
Derivatives	141.7		88.5		(8.4		)	221.8		221.8
Asset-based loans	560.4		—		—			560.4		560.4
Other invested assets
Policy loans and other invested assets	31.2		—		—			31.2		31.2
Total investments	$	16,190.1	$	587.3	$	(311.5	)	$	16,465.9	$	16,465.9



	September 30, 2012
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value		Carrying Value

Fixed-maturity securities, available-for-sale
Asset-backed securities	$	1,010.9	$	18.6	$	(1.6	)	$	1,027.9	$	1,027.9
Commercial mortgage-backed securities	520.0		36.2		(2.4		)	553.8		553.8
Corporates	10,211.8		807.2		(10.0		)	11,009.0		11,009.0
Hybrids	519.0		18.8		(9.6		)	528.2		528.2
Municipals	1,083.2		141.9		(1.1		)	1,224.0		1,224.0
Agency residential mortgage-backed securities	149.5		5.8		(0.3		)	155.0		155.0
Non-agency residential mortgage-backed securities	629.1		35.8		(4.3		)	660.6		660.6
U.S. Government	917.5		12.9		—			930.4		930.4
Total fixed-maturity securities	15,041.0		1,077.2		(29.3		)	16,088.9		16,088.9
Equity securities
Available-for-sale	237.5		11.9		(1.3		)	248.1		248.1
Held for trading	191.8		—		(45.0		)	146.8		146.8
Total equity securities	429.3		11.9		(46.3		)	394.9		394.9
Derivatives	142.1		67.0		(8.4		)	200.7		200.7
Asset-based loans	180.1		—		—			180.1		180.1
Other invested assets
U.S. Treasuries and certificate of deposit, held-to-maturity	35.0		—		—			35.0		35.0
Policy loans and other invested assets	18.8		—		—			18.8		18.8
Total other invested assets	53.8		—		—			53.8		53.8
Total investments	$	15,846.3	$	1,156.1	$	(84.0	)	$	16,918.4	$	16,918.4

Amortized Cost and Fair Value of Fixed Maturity Available-for-Sale Securities



	September 30, 2013
	Amortized Cost		Fair Value
Corporates, Non-structured Hybrids, Municipal and U.S. Government securities:
Due in one year or less	$	978.5	$	982.4
Due after one year through five years	2,739.1		2,805.8
Due after five years through ten years	2,972.4		3,000.9
Due after ten years	5,007.5		5,037.5
Subtotal	11,697.5		11,826.6
Other securities which provide for periodic payments:
Asset-backed securities	1,505.7		1,523.1
Commercial-mortgage-backed securities	431.3		454.3
Structured hybrids	27.1		29.4
Agency residential mortgage-backed securities	96.5		98.6
Non-agency residential mortgage-backed securities	1,304.0		1,368.0
Total fixed maturity available-for-sale securities	$	15,062.1	$	15,300.0

Fair Value and Gross Unrealized Losses of Available-for-Sale-Securities

The fair value and gross unrealized losses of available-for-sale securities, aggregated by investment category, were as follows:



	September 30, 2013
	Less than 12 months					12 months or longer					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Available-for-sale securities
Asset-backed securities	$	329.3	$	(4.5	)	$	81.5	$	(0.7	)	$	410.8	$	(5.2	)
Commercial-mortgage-backed securities	26.6		(0.5		)	4.9		(1.1		)	31.5		(1.6		)
Corporates	3,457.2		(175.0		)	186.0		(10.1		)	3,643.2		(185.1		)
Equities	118.6		(9.1		)	32.2		(1.2		)	150.8		(10.3		)
Hybrids	52.0		(3.3		)	—		—			52.0		(3.3		)
Municipals	333.3		(27.3		)	144.4		(13.5		)	477.7		(40.8		)
Agency residential mortgage-backed securities	9.8		(0.1		)	1.1		(0.2		)	10.9		(0.3		)
Non-agency residential mortgage-backed securities	325.2		(12.2		)	69.9		(1.2		)	395.1		(13.4		)
U.S. Government	753.9		(3.9		)	—		—			753.9		(3.9		)
Total available-for-sale securities	$	5,405.9	$	(235.9	)	$	520.0	$	(28.0	)	$	5,925.9	$	(263.9	)
Total number of available-for-sale securities in an unrealized loss position			588					78					666



	September 30, 2012
	Less than 12 months					12 months or longer					Total
	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Available-for-sale securities
Asset-backed securities	$	169.8	$	(1.0	)	$	7.5	$	(0.6	)	$	177.3	$	(1.6	)
Commercial-mortgage-backed securities	0.8		(0.8		)	10.7		(1.6		)	11.5		(2.4		)
Corporates	411.3		(8.1		)	45.5		(1.9		)	456.8		(10.0		)
Equities	—		—			44.5		(1.3		)	44.5		(1.3		)
Hybrids	13.4		(0.4		)	107.7		(9.2		)	121.1		(9.6		)
Municipals	71.1		(1.1		)	—		—			71.1		(1.1		)
Agency residential mortgage-backed securities	1.8		(0.2		)	6.1		(0.1		)	7.9		(0.3		)
Non-agency residential mortgage-backed securities	12.9		(0.3		)	101.8		(4.0		)	114.7		(4.3		)
Total available-for-sale securities	$	681.1	$	(11.9	)	$	323.8	$	(18.7	)	$	1,004.9	$	(30.6	)
Total number of available-for-sale securities in an unrealized loss position			100					56					156

Reconciliation of Other-than-Temporary Impairment on Fixed Maturity



	Year ended September 30,
	2013		2012		2011
Beginning balance	$	2.7	$	0.7	$	—
Increases attributable to credit losses on securities:
Other-than-temporary impairment was previously recognized	—		0.1		—
Other-than-temporary impairment was not previously recognized	—		1.9		0.7
Ending balance	$	2.7	$	2.7	$	0.7

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:



	Year ended September 30,
	2013		2012		2011
Other-than-temporary impairments recognized in net income:
Corporates	$	1.2	$	4.1	$	1.5
Non-agency residential mortgage-backed securities	1.2		7.5		5.1
Equities	—		—		11.0
Hybrids	—		9.7		—
Other invested assets	0.5		1.5		0.4
Total other-than-temporary impairments	$	2.9	$	22.8	$	18.0

Portfolio of Asset-Backed Loans and Other Invested Assets

Salus’ portfolio of asset-based loans receivable, included in “Asset-based loans” in the Consolidated Balance Sheets as of September 30, 2013 and September 30, 2012, consisted of the following:



	September 30, 2013		September 30, 2012
Asset-based loans, by major industry:
Wholesale	$	56.8	$	77.2
Apparel	252.9		70.1
Jewelry	125.8		27.9
Other	130.1		6.3
Total asset-based loans	565.6		181.5
Less: Allowance for credit losses	5.2		1.4
Total asset-based loans, net	$	560.4	$	180.1

Schedule of Allowance for Credit Losses

The following table presents the activity in its allowance for credit losses for the year ended September 30, 2013 and September 30, 2012:



	Year ended September 30,
	2013		2012
Allowance for credit losses:
Balance at beginning of year	$	1.4	$	—
Provision for credit losses	3.8		1.4
Charge-offs	—		—
Recoveries	—		—
Balance at end of year	$	5.2	$	1.4

Schedule of Credit Quality of Asset-Based Loan Portfolio

Net Investment Income

The major sources of “Net investment income” on the accompanying Consolidated Statements of Operations were as follows:



	Year ended September 30,
	2013			2012			2011
Fixed maturity available-for-sale securities	$	686.2		$	707.1		$	364.8
Equity available-for-sale securities	14.8			14.0			10.2
Policy loans	0.8			0.7			1.5
Invested cash and short-term investments	1.4			4.9			0.1
Other investments	48.3			7.7			0.3
Gross investment income	751.5			734.4			376.9
External investment expense	(16.8		)	(11.7		)	(7.1		)
Net investment income	$	734.7		$	722.7		$	369.8

Net Investment Gains

“Net investment gains (losses)” reported on the accompanying Consolidated Statements of Operations were as follows:



	Year ended September 30,
	2013			2012			2011
Net realized gains before other-than-temporary impairments	$	332.9		$	287.2		$	34.9
Gross other-than-temporary impairments	(2.9		)	(24.3		)	(17.5		)
Non-credit portion of other-than-temporary impairments included in other comprehensive income	—			1.5			(0.5		)
Net realized gains on fixed maturity available-for-sale securities	330.0			264.4			16.9
Realized gains on equity securities	12.6			0.9			(10.9		)
Net realized gains on securities	342.6			265.3			6.0
Realized gains (losses) on certain derivative instruments	20.5			(10.3		)	(44.8		)
Unrealized gains on certain derivative instruments	148.6			156.3			(126.0		)
Change in fair value of derivatives	169.1			146.0			(170.8		)
Realized gains on other invested assets	(0.1		)	(1.3		)	(2.1		)
Net investment gains (losses)	$	511.6		$	410.0		$	(166.9	)

Cash Flows from Consolidated Investing Activities by Security

Cash flows from consolidated investing activities by security classification were as follows:



	Year ended September 30,
	2013			2012			2011
Proceeds from investments sold, matured or repaid:
Available-for-sale	$	8,986.9		$	5,833.4		$	1,482.2
Held-to-maturity	—			109.6			101.8
Trading (acquired for holding)	92.9			106.1			29.5
Derivatives and other	352.4			157.6			86.4
	$	9,432.2		$	6,206.7		$	1,699.9
Cost of investments acquired:
Available-for-sale	$	(8,757.5	)	$	(5,640.1	)	$	(1,286.0	)
Held-to-maturity	—			(68.7		)	(123.4		)
Trading (acquired for holding)	(20.8		)	(122.3		)	(332.7		)
Derivatives and other	(162.5		)	(141.6		)	(66.9		)
	$	(8,940.8	)	$	(5,972.7	)	$	(1,809.0	)

Derivative Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets

The fair value of outstanding derivative contracts recorded in the accompanying Consolidated Balance Sheets were as follows:



Asset Derivatives	Classification	September 30, 2013		September 30, 2012
Derivatives designated as hedging instruments:
Commodity swap and option agreements	Receivables, net	$	0.4	$	1.0
Commodity swap and option agreements	Other assets	—		1.0
Foreign exchange forward agreements	Receivables, net	1.7		1.2
Total asset derivatives designated as hedging instruments		2.1		3.2
Derivatives not designated as hedging instruments:
Commodity contracts	Receivables, net	3.7		—
Call options	Derivatives	221.8		200.7
Foreign exchange contracts	Receivables, net	0.1		—
Total asset derivatives		$	227.7	$	203.9



Liability Derivatives	Classification	September 30, 2013		September 30, 2012
Derivatives designated as hedging instruments:
Commodity contracts	Accounts payable and other current liabilities	$	0.5	$	—
Foreign exchange forward agreements	Accounts payable and other current liabilities	4.6		3.1
Foreign exchange contracts	Other liabilities	0.1		—
Total liability derivatives designated as hedging instruments		5.2		3.1
Derivatives not designated as hedging instruments:
Commodity contracts	Other liabilities	1.9		—
FIA embedded derivative	Contractholder funds	1,544.4		1,550.8
Futures contracts	Other liabilities	1.0		0.9
Foreign exchange forward contracts	Accounts payable and other current liabilities	5.3		4.0
Foreign exchange forward contracts	Accounts payable and other current liabilities	—		2.9
Equity conversion feature of preferred stock	Equity conversion feature of preferred stock	330.8		232.0
Total liability derivatives		$	1,888.6	$	1,793.7

Pretax Impact of Derivative Instruments Designated as Cash Flow Hedges on Accompanying Condensed Consolidated Statements of Operations, and Within AOCI



Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)									Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)									Amount of Gain ( Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)								Classification
Year ended September 30,	2013			2012			2011			2013			2012			2011			2013		2012		2011
Commodity contracts	$	(2.6	)	$	1.6		$	(1.7	)	$	(0.6	)	$	(1.1	)	$	2.6		$	—	$	0.1	$	(0.1	)		Consumer products cost of goods sold
Interest rate contracts	—			—			(0.1		)	—			(0.9		)	(3.3		)	—		—		(0.2		)	(a)	Interest expense
Foreign exchange contracts	0.9			0.1			(0.5		)	0.9			(0.5		)	(0.1		)	—		—		—				Net consumer products sales
Foreign exchange contracts	(0.3		)	(3.5		)	(3.7		)	0.6			(0.6		)	(12.4		)	—		—		—				Consumer products cost of goods sold
Total	$	(2.0	)	$	(1.8	)	$	(6.0	)	$	0.9		$	(3.1	)	$	(13.2	)	$	—	$	0.1	$	(0.3	)


(a)	Reclassified from AOCI associated with the prepayment of portions of Spectrum Brands’ senior credit facility (see Note 16).

Summary of Gain (Loss) Recognized in Income on Derivatives

During the years ended September 30, 2013, 2012 and 2011, the Company recognized the following gains (losses) on these derivatives:



Derivatives Not Designated as Hedging Instruments	Gain (Loss) Recognized in Income on Derivatives									Classification
	Year ended September 30,
	2013			2012			2011
Equity conversion feature of preferred stock	$	(101.6	)	$	(156.6	)	$	27.9		(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock
Oil and natural gas commodity contracts	(1.3		)	—			—			Other expense, net
Commodity contracts	(0.1		)	—			—			Consumer products cost of goods sold
Foreign exchange contracts	(3.6		)	5.9			(5.1		)	Other expense, net
Call options	151.6			100.0			(142.7		)	Net investment gains (losses)
Futures contracts	17.5			46.0			(28.1		)	Net investment gains (losses)
Available-for-sale embedded derivatives	—			0.4			—			Net investment income
FIA embedded derivatives	(6.4		)	154.5			(70.0		)	Benefits and other changes in policy reserves
Total	$	56.1		$	150.2		$	(218.0	)

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 September 30, 2013 (presented on a calendar-year basis):



(in millions, except volumes and prices)	Volume Mmmbtus/Mbbls	Weighted average strike price per Mmbtu/Bbl		September 30, 2013
Natural gas:
Swaps:
Remainder of 2013	5,141.0	$	3.72	$	0.6
2014	10,877.0	4.14		3.0
Total natural gas	16,018.0			$	3.6
Oil:
Swaps:
Remainder of 2013	103.0	$	94.05	$	(0.8	)
2014	272.0	91.87		(0.9		)
Total oil	375.0			$	(1.7	)
Total oil and natural gas derivatives				$	1.9

FGL's Exposure to Credit Loss on Call Options Held

Information regarding FGH’s exposure to credit loss on the call options it holds is presented in the following table:



		September 30, 2013								September 30, 2012
Counterparty	Credit Rating (Moody’s/S&P)	Notional Amount		Fair Value		Collateral		Net Credit Risk		Notional Amount		Fair Value		Collateral		Net Credit Risk
Merrill Lynch	NA/A	$	2,037.8	$	70.7	$	—	70.7		$	1,884.0	$	64.1	$	—	$	64.1
Deutsche Bank	A2/A	1,620.4		51.7		23.0		28.7		1,816.5		61.7		—		61.7
Morgan Stanley	Baa1/A	2,264.1		75.7		49.0		26.7		1,634.7		51.6		—		51.6
Royal Bank of Scotland	A3/A	364.3		20.3		—		20.3		353.9		19.6		—		19.6
Barclay's Bank	A2/A	120.8		3.4		—		3.4		131.3		3.1		—		3.1
Credit Suisse	A2/A-	—		—		—		—		10.0		0.6		—		0.6
		$	6,407.4	$	221.8	$	72.0	$	149.8	$	5,830.4	$	200.7	$	—	$	200.7

Securitizations and Variable Interest Entities (Tables)

12 Months Ended

Sep. 30, 2013

Securitizations and Variable Interest Entities [Abstract]

Schedule of Variable Interest Entities

The table below summarizes select information related to the CLO vehicle in which Salus held a variable interest at September 30, 2013.



	September 30, 2013
Maximum loss exposure	$	337.8
Asset-based loans receivable	$	337.8
Cash and other assets	156.7
Total assets of consolidated VIE	494.5
Long-term debt	485.0
Other liabilities	2.9
Total liabilities of consolidated VIE	$	487.9

Proportionately Consolidated Equity Method Investments [Abstract]

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References+ Details

Equity-method investments (Tables)

12 Months Ended

Sep. 30, 2013

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.



	September 30, 2013
Assets
Total current assets	$	54.4
Oil and natural gas properties, net	741.5
Other assets	32.7
Total assets	$	828.6

Liabilities and members’ equity
Total current liabilities	$	44.9
Total long-term liabilities	397.3
Total members’ equity	386.4
Total liabilities and members’ equity	$	828.6



	Year Ended
	September 30, 2013
Revenues	$	121.1
Costs and Expenses
Oil and natural gas direct operating costs	59.0
Selling, acquisition, operating and general expenses	49.5
Impairment of proved oil and natural gas properties	72.8
Total costs and expenses	181.3
Operating loss	(60.2		)
Other expense, net	(8.0		)
Net loss	$	(68.2	)

Fair Value of Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Assets and Liabilities Carrying at Fair Value on Recurring Basis

The Company’s consolidated assets and liabilities measured at fair value are summarized according to the hierarchy previously described as follows:



	September 30, 2013
	Level 1		Level 2		Level 3		Fair Value
Assets
Cash and cash equivalents (a)	$	1,899.7	$	—	$	—	$	1,899.7
Contingent purchase price reduction receivable	—		—		41.0		41.0
Derivatives:
Foreign exchange forward agreements	—		1.8		—		1.8
Commodity swap and option agreements	—		4.1		—		4.1
Call options and futures contracts	—		221.8		—		221.8
Fixed maturity securities, available-for-sale:
Asset-backed securities	—		1,518.1		5.0		1,523.1
Commercial mortgage-backed securities	—		448.7		5.7		454.4
Corporates	—		8,957.2		461.1		9,418.3
Hybrids	—		428.8		—		428.8
Municipals	—		1,007.0		—		1,007.0
Agency residential mortgage-backed securities	—		98.6		—		98.6
Non-agency residential mortgage-backed securities	—		1,368.0		—		1,368.0
U.S. Government	790.9		210.9		—		1,001.8
Equity securities:
Available-for-sale	—		271.0		—		271.0
Trading	70.8		—		10.7		81.5
Total financial assets	$	2,761.4	$	14,536.0	$	523.5	$	17,820.9

Liabilities
Derivatives:
FIA embedded derivatives, included in contractholder funds	$	—	$	—	$	1,544.4	$	1,544.4
Futures contracts	—		1.0		—		1.0
Foreign exchange forward agreements	—		10.0		—		10.0
Commodity swap and option agreements	—		2.4		—		2.4
Equity conversion feature of preferred stock	—		—		330.8		330.8
Total financial liabilities	$	—	$	13.4	$	1,875.2	$	1,888.6



	September 30, 2012
	Level 1		Level 2		Level 3		Fair Value
Assets
Cash and cash equivalents (a)	$	1,468.4	$	2.3	$	—	$	1,470.7
Contingent purchase price reduction receivable	—		—		41.0		41.0
Derivatives:
Foreign exchange forward agreements	—		1.2		—		1.2
Commodity swap and option agreements	—		2.0		—		2.0
Call options	—		200.7		—		200.7
Fixed maturity securities, available-for-sale:
Asset-backed securities	—		1,012.0		15.9		1,027.9
Commercial mortgage-backed securities	—		548.8		5.0		553.8
Corporates	—		10,873.7		135.3		11,009.0
Hybrids	—		519.4		8.8		528.2
Municipals	—		1,224.0		—		1,224.0
Agency residential mortgage-backed securities	—		155.0		—		155.0
Non-agency residential mortgage-backed securities	—		660.6		—		660.6
U.S. Government	930.4		—		—		930.4
Equity securities
Available-for-sale	—		248.1		—		248.1
Trading	146.8		—		—		146.8
Total financial assets	$	2,545.6	$	15,447.8	$	206.0	$	18,199.4

Liabilities
Derivatives:
FIA embedded derivatives, included in contractholder funds	$	—	$	—	$	1,550.8	$	1,550.8
Futures contracts	—		0.9		—		0.9
Foreign exchange forward agreements	—		10.0		—		10.0
Commodity swap and option agreements	—		—		—		—
Equity conversion feature of preferred stock	—		—		232.0		232.0
Total financial liabilities	$	—	$	10.9	$	1,782.8	$	1,793.7


(a)	The fair values of cash equivalents and equity investments set forth above are generally based on quoted or observed market prices.


(b)	The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.

Schedule of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis



			Fair Value at				Range (Weighted average)
Assets	Valuation Technique	Unobservable Input(s)	September 30, 2013		September 30, 2012		September 30, 2013	September 30, 2012
Contingent purchase price reduction receivable	Discounted cash flow	Probability of collection	$	41.0	$	41.0	88% - 96% (92%)	88% - 96% (92%)
		Expected term					9 months	9 months
		Discount rate					1%	0.72%
		Credit insurance risk premium					11%	12%
Asset-backed securities	Broker-quoted	Offered quotes	5.0		15.9		100% - 107% (101%)	100% - 110% (103%)
Commercial mortgage-backed securities	Broker-quoted	Offered quotes	5.7		5.0		96%	101%
Corporates	Broker-quoted	Offered quotes	404.5		103.3		0% - 113% (90%)	0% - 141% (69%)
Corporates	Market Pricing	Quoted prices	56.6		32.0		90% - 131% (97%)	88% - 158% (98%)
Hybrids	Market Pricing	Quoted prices	—		8.8		—	0% - 103% (25%)
Equity	Option Pricing	Risk-adjusted rate	10.7		—		25.0%	—
		Risk-free discount factor					0.999	—
		Risk-adjusted discount factor					0.995	—
		Upward movement factor (Mu)					1.1	—
		Downward movement factor (Md)					0.9	—
		Probability of upward movement (Pu)					48.6%	—
		Probability of downward movement (Pd)					51.4%	—
Total			$	523.5	$	206.0

Liabilities
FIA embedded derivatives, included in contractholder funds	Discounted cash flow	Market value of option	$	1,544.4	$	1,550.8	0% - 38% (4%)	0% - 31% (4%)
		SWAP rates					2% - 3% (2%)	0.76% - 2% (1%)
		Mortality multiplier					80%	70%
		Surrender rates					0.50% - 75% (7%)	2% - 50% (7%)
		Non-performance spread					0.25% - 0.25% (0.25%)	0.25% - 0.25% (0.25%)
Equity conversion feature of preferred stock	Monte Carlo simulation / Option model	Annualized volatility of equity	330.8		232.0		42%	41%
		Discount yield					11%	12% - 13% (12%)
		Non-cash accretion rate					0%	0%
		Calibration adjustment					0% - 1.0% (0.3%)	10% - 13% (11%)
Total			$	1,875.2	$	1,782.8

Changes in Fair Value of Financial Instruments



	Year ended September 30, 2013
	Balance at Beginning of Period		Total Gains (Losses)														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Assets
Contingent purchase price reduction receivable	$	41.0	$	—		$	—		$	—	$	—		$	—		$	—		$	41.0
Fixed maturity securities available-for-sale:
Asset-backed securities	15.9		—			(0.2		)	—		—			(0.2		)	(10.5		)	5.0
Commercial mortgage-backed securities	5.0		—			(0.3		)	1.0		—			—			—			5.7
Corporates	135.3		(0.3		)	(13.4		)	406.0		(9.6		)	(23.1		)	(33.8		)	461.1
Hybrids	8.8		—			(0.1		)	—		—			—			(8.7		)	—
Equity securities - trading	—		—			—			10.7		—			—			—			10.7
Equity securities - available-for-sale	—		0.2			—			10.5		(10.7		)	—			—			—
Total assets at fair value	$	206.0	$	(0.1	)	$	(14.0	)	$	428.2	$	(20.3	)	$	(23.3	)	$	(53.0	)	$	523.5

	Balance at Beginning of Period		Total (Gains) Losses														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Liabilities
FIA embedded derivatives, included in contractholder funds	$	1,550.8	$	(6.4	)	$	—		$	—	$	—		$	—		$	—		$	1,544.4
Equity conversion feature of preferred stock	232.0		101.6			—			—		—			(2.8		)	—			330.8
Total liabilities at fair value	$	1,782.8	$	95.2		$	—		$	—	$	—		$	(2.8	)	$	—		$	1,875.2


(a)	The net transfers in and out of Level 3 during the year ended September 30, 2013 were exclusively to or from Level 2.



	Year ended September 30, 2012
	Balance at Beginning of Period		Total Gains (Losses)														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Assets
Contingent purchase price reduction receivable	$	—	$	41.0		$	—		$	—	$	—		$	—		$	—		$	41.0
Fixed maturity securities available-for-sale:
Asset-backed securities	374.5		—			7.4			410.7		—			(38.8		)	(737.9		)	15.9
Commercial mortgage-backed securities	—		—			—			5.0		—			—			—			5.0
Corporates	159.7		—			(3.6		)	1.3		(26.8		)	(14.2		)	18.9			135.3
Hybrids	5.2		—			(0.1		)	—		—			—			3.7			8.8
Municipals	—		—			0.1			10.2		—			—			(10.3		)	—
Agency residential mortgage-backed securities	3.3		—			—			—		—			—			(3.3		)	—
Non-agency residential mortgage-backed securities	3.8		(0.1		)	—			—		(0.5		)	(0.3		)	(2.9		)	—
Total assets at fair value	$	546.5	$	40.9		$	3.8		$	427.2	$	(27.3	)	$	(53.3	)	$	(731.8	)	$	206.0

	Balance at Beginning of Period		Total (Gains) Losses														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at Beginning of Period		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Liabilities
FIA embedded derivatives, included in contractholder funds	$	1,396.3	$	154.5		$	—		$	—	$	—		$	—		$	—		$	1,550.8
Equity conversion feature of preferred stock	75.4		156.6			—			—		—			—			—			232.0
Available-for-sale embedded derivatives	0.4		(0.4		)	—			—		—			—			—			—
Total liabilities at fair value	$	1,472.1	$	310.7		$	—		$	—	$	—		$	—		$	—		$	1,782.8


(a)	The net transfers in and out of Level 3 during the year ended September 30, 2012 was exclusively to or from Level 2.



	Year ended September 30, 2011
	Balance at FGL Acquisition Date		Total Gains (Losses)														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at FGL Acquisition Date		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Assets
Fixed maturity securities available-for-sale:
Asset-backed securities	$	400.0	$	—		$	0.8		$	2.0	$	—		$	(13.7	)	$	(14.6	)	$	374.5
Corporates	197.6		2.0			5.4			10.4		(48.9		)	(6.7		)	(0.1		)	159.7
Hybrids	8.3		—			(0.1		)	—		—			—			(3.0		)	5.2
Agency residential mortgage-backed securities	3.3		—			—			—		—			—			—			3.3
Non-agency residential mortgage-backed securities	18.5		2.4			0.4			—		(15.7		)	(1.8		)	—			3.8
Total assets at fair value	$	627.7	$	4.4		$	6.5		$	12.4	$	(64.6	)	$	(22.2	)	$	(17.7	)	$	546.5

	Balance at FGL Acquisition Date		Total (Gains) Losses														Net transfer In (Out) of Level 3 (a)			Balance at End of Period
	Balance at FGL Acquisition Date		Included in Earnings			Included in AOCI			Purchases		Sales			Settlements			Net transfer In (Out) of Level 3 (a)			Balance at End of Period
Liabilities
FIA embedded derivatives, included in contractholder funds	$	1,466.3	$	(70.0	)	$	—		$	—	$	—		$	—		$	—		$	1,396.3
Equity conversion feature of preferred stock	—		(27.9		)	—			—		103.3			—			—			75.4
Available-for-sale embedded derivatives	0.4		—			—			—		—			—			—			0.4
Total liabilities at fair value	$	1,466.7	$	(97.9	)	$	—		$	—	$	103.3		$	—		$	—		$	1,472.1


(a)	The net transfers in and out of Level 3 during the year ended September 30, 2011 was exclusively to or from Level 2.

Schedule of Assets and Liabilities not Measured at Fair Value



	September 30, 2013
	Level 1		Level 2		Level 3		Fair Value		Carrying Amount
Assets
Policy loans and other invested assets	$	—	$	—	$	31.2	$	31.2	$	31.2
Asset-based loans	—		—		560.4		560.4		560.4
Total financial assets	$	—	$	—	$	591.6	$	591.6	$	591.6

Liabilities
Total debt (a)	$	—	$	4,773.2	$	—	$	4,773.2	$	4,896.1
Redeemable preferred stock, excluding equity conversion feature	—		—		377.1		377.1		329.4
Investment contracts, included in contractholder funds	—		—		12,378.6		12,378.6		13,703.8
Total financial liabilities	$	—	$	4,773.2	$	12,755.7	$	17,528.9	$	18,929.3



	September 30, 2012
	Level 1		Level 2		Level 3		Estimated Fair Value		Carrying Amount
Assets
U.S. Treasuries and certificate of deposit, held-to-maturity	$	—	$	35.0	$	—	$	35.0	$	35.0
Policy loans and other invested assets	—		—		18.8		18.8		18.8
Asset-based loans	—		—		180.1		180.1		180.1
Total financial assets	$	—	$	35.0	$	198.9	$	233.9	$	233.9

Liabilities
Total debt (a)	$	524.0	$	1,804.8	$	—	$	2,328.8	$	2,167.0
Redeemable preferred stock, excluding equity conversion feature	—		—		368.9		368.9		319.2
Investment contracts, included in contractholder funds	—		—		12,271.9		12,271.9		13,739.6
Total financial liabilities	$	524.0	$	1,804.8	$	12,640.8	$	14,969.6	$	16,225.8


(a)	The fair values of debt set forth above are generally based on quoted or observed market prices.


(b)	The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.

Receivables, net (Tables)

12 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

“Receivables, net” in the accompanying Consolidated Balance Sheets consist of the following:



	September 30, 2013		September 30, 2012
Trade accounts receivable
Consumer products	$	518.7	$	357.2
Oil and natural gas	16.7		—
Total trade accounts receivable	535.4		357.2
Less: Allowance for doubtful trade accounts receivable	37.4		21.9
Total trade accounts receivable, net	498.0		335.3
Contingent purchase price reduction receivable (Note 4)	41.0		41.0
Other receivables	72.3		38.1
Total receivables, net	$	611.3	$	414.4

Schedule of Credit Losses for Financing Receivables, Current

The following is an analysis of the allowance for doubtful trade accounts receivable:



Period	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions		Other Adjustments		Balance at End of Period
Fiscal 2013	$	21.9	$	15.5	$	—	$	—	$	37.4
Fiscal 2012	14.1		7.8		—		—		21.9
Fiscal 2011	4.3		9.8		—		—		14.1

Properties, including oil and gas properties, net (Tables)

12 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Properties, including oil and natural gas properties, net, consist of the following:



	September 30, 2013			September 30, 2012
Oil and natural gas properties (full cost accounting method)
Unproved oil and natural gas properties and development costs not being amortized	$	36.4		$	—
Proved developed and undeveloped oil and natural gas properties	546.0			—
Less: Accumulated depletion	(30.1		)	—
Total oil and natural gas properties, net	552.3			—
Other properties
Land, buildings and improvements	169.8			93.6
Gas gathering assets	21.1			—
Machinery, equipment and other	488.3			325.7
Construction in progress	46.8			18.4
Total other properties, at cost	726.0			437.7
Less: Accumulated depreciation	285.0			216.1
Total other properties, net	441.0			221.6
Total properties, including oil and natural gas properties, net	$	993.3		$	221.6

Goodwill and Intangibles, including DAC and VOBA, net (Tables)

12 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amounts of Goodwill and Intangible Assets Including FGL's DAC and VOBA Balances



				Intangible Assets
	Goodwill			Indefinite Lived			Definite Lived			VOBA			DAC			Total
Balance at Balance at September 30, 2011	$	610.3		$	826.8		$	857.1		$	419.1		$	38.1		$	2,141.1
Acquisitions (Note 4)	85.9			22.0			82.1			—			—			104.1
Deferrals	—			—			—			—			194.9			194.9
Less: Components of amortization -
Periodic amortization	—			—			(63.7		)	(171.9		)	(20.2		)	(255.8		)
Interest	—			—			—			28.9			1.9			30.8
Unlocking	—			—			—			(2.5		)	3.1			0.6
Reclassifications	—			(3.5		)	3.5			—			—			—
Adjustment for unrealized investment (gains), net	—			—			—			(169.3		)	(48.6		)	(217.9		)
Effect of translation	(2.0		)	(4.2		)	(5.1		)	—			—			(9.3		)
Balance at Balance at September 30, 2012	694.2			841.1			873.9			104.3			169.2			1,988.5
Acquisitions (Note 4)	786.6			331.0			188.3			—			—			519.3
Deferrals	—			—			—			—			147.4			147.4
Less: Components of amortization -
Periodic amortization	—			—			(77.8		)	(194.6		)	(62.1		)	(334.5		)
Interest	—			—			—			21.8			9.5			31.3
Unlocking	—			—			—			35.8			7.3			43.1
Reclassifications	—			—			—			—			—			—
Adjustment for unrealized investment losses, net	—			—			—			258.0			69.3			327.3
Effect of translation	(4.1		)	6.0			0.7			—			—			6.7
Balance at Balance at September 30, 2013	$	1,476.7		$	1,178.1		$	985.1		$	225.3		$	340.6		$	2,729.1

Summary of Definite Lived Intangible Assets

Definite lived intangible assets are summarized as follows:



	September 30, 2013							September 30, 2012
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net		Amortizable Life
Customer relationships	$	885.9	$	(160.8	)	$	725.1	$	796.2	$	(113.0	)	$	683.2	15 to 20 years
Trade names	171.6		(44.7		)	126.9		150.8		(28.3		)	122.5		1 to 12 years
Technology assets	172.1		(39.0		)	133.1		91.0		(22.8		)	68.2		4 to 17 years
	$	1,229.6	$	(244.5	)	$	985.1	$	1,038.0	$	(164.1	)	$	873.9

Summary of Amortization Expense of Definite Lived Intangible Assets

Amortization expense for definite lived intangible assets is as follows:



	Year ended
	September 30, 2013		September 30, 2012		September 30, 2011
Customer relationships	$	44.9	$	40.2	$	38.3
Trade names	16.6		14.4		12.6
Technology assets	16.3		9.1		6.8
	$	77.8	$	63.7	$	57.7

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:



	Estimated Amortization Expense
Fiscal Year	VOBA		DAC
2014	$	47.1	$	29.8
2015	45.3		32.5
2016	39.6		31.7
2017	32.4		30.0
2018	26.4		28.1
2019 and thereafter	115.9		169.9

Debt (Tables)

12 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Summary of Debt

The Company’s consolidated debt consists of the following:



	September 30, 2013					September 30, 2012
	Amount			Rate		Amount		Rate
HGI:
7.875% Senior Secured Notes, due July 15, 2019	$	925.0		7.9	%	$	—	—
10.625% Senior Secured Notes, due November 15, 2015	—			—		500.0		10.6	%
Spectrum Brands:
Term Loan, due December 17, 2019	594.7			4.7	%	—		—
Term Loan, due September 4, 2019	300.0			3.6	%	—		—
Term Loan, due September 4, 2022	850.0			3.0	%	—		—
Former term loan facility	—			—		370.2		5.1	%
9.5% Senior Secured Notes, due June 15, 2018	—			—		950.0		9.5	%
6.75% Senior Notes, due March 15, 2020	300.0			6.8	%	300.0		6.8	%
6.375% Senior Notes, due November 15, 2020	520.0			6.4	%	—		—
6.625% Senior Notes, due November 15, 2022	570.0			6.6	%	—		—
ABL Facility, expiring May 24, 2017	—			5.7	%	—		4.3	%
Other notes and obligations	28.5			8.5	%	18.1		10.9	%
Capitalized lease obligations	67.4			6.2	%	26.7		6.2	%
FGH
6.375% Senior Notes, due April 1, 2021	300.0			6.4	%	—		—
EXCO/HGI JV
EXCO/HGI JV Credit Agreement, due February 14, 2018	271.2			2.7	%	—		—
Salus
Unaffiliated long-term debt of consolidated variable-interest entity	182.9			6.6	%	—		—
Total	4,909.7					2,165.0
Original issuance (discounts) premiums on debt, net	(13.6		)			2.0
Total debt	4,896.1					2,167.0
Less current maturities	102.9					16.4
Non-current portion of debt	$	4,793.2				$	2,150.6

Schedule of Maturities of Long-term Debt

Aggregate scheduled maturities of debt as of September 30, 2013 are as follows:



Fiscal Year	Scheduled Maturities
2014	$	102.9
2015	79.3
2016	77.7
2017	671.7
2018	283.1
Thereafter	3,695.0
	$	4,909.7

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Other Liabilities Disclosure [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(e),(f))

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 55

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 2

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Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 1A

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 22

-Article 5

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 470

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

+ Details

Other Liabilities (Tables)

12 Months Ended

Sep. 30, 2013

Schedule of Other Liabilities

“Other liabilities” in the accompanying Consolidated Balance Sheets consist of the following:



	September 30, 2013		September 30, 2012
Amounts payable for investment purchases	$	208.2	$	206.7
Retained asset account	207.5		203.7
Amounts payable to reinsurers	46.9		32.0
Remittances and items not allocated	44.1		29.5
Oil and natural gas asset-retirement obligations	25.4		—
Other	185.9		128.7
Total other liabilities	$	718.0	$	600.6

Reconciliation of Asset Retirement Obligations



	September 30, 2013
Asset retirement obligations at inception	$	18.5
Activity during the period:
Liabilities incurred during the period	0.1
Liabilities settled during the period	—
Adjustment to liability due to acquisitions	5.6
Accretion of discount	1.2
Asset retirement obligations at end of period	25.4
Less: Current portion	0.6
Long-term portion	$	24.8

Temporary Equity (Tables)

12 Months Ended

Sep. 30, 2013

Temporary Equity [Abstract]

Temporary Equity

The carrying value of Preferred Stock reflects the following components:



	Series A (280 shares)			Series A-2 (120 shares)			Total
Initial issuance price in Fiscal 2011	$	280.0		$	120.0		$	400.0
Principal accretion:
Fiscal 2011	4.3			0.7			5.0
Fiscal 2012	8.6			3.7			12.3
Fiscal 2013	—			—			—
Cumulative principal accretion	12.9			4.4			17.3
Redemption value of preferred stock converted into common stock upon election of holder	—			(5.9		)	(5.9		)
Redemption value as of September 30, 2013	292.9			118.5			411.4
Bifurcation of embedded conversion feature at issuance	(85.7		)	(17.6		)	(103.3		)
Issuance costs	(11.1		)	(3.0		)	(14.1		)
Accretion:
Fiscal 2011	4.2			0.5			4.7
Fiscal 2012	11.7			2.8			14.5
Fiscal 2013	12.4			3.7			16.1
Carrying value of Preferred Stock as of September 30, 2013	$	224.4		$	104.9		$	329.3

Schedule of Accumulated Other Comprehensive Income Reflected in Consolidated Statements of Permanent Equity

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References+ Details

Permanent Equity (Tables)

12 Months Ended

Sep. 30, 2013

Equity [Abstract]



	Unrealized Investment Gains, net			Non-credit Related Other-than- temporary Impairments			Other Unrealized Gains (Losses) — Cash Flow Hedges			Actuarial Adjustments to Pension Plans			Cumulative Translation Adjustments			Total
Cumulative components at September 30, 2013:
Gross amounts (after reclassification adjustments)	$	235.7		$	(1.0	)	$	(2.6	)	$	(28.9	)	$	(10.3	)	$	192.9
Intangible assets adjustments	(63.2		)	0.4			—			—			—			(62.8		)
Tax effects	(61.1		)	0.2			0.3			(0.8		)	3.5			(57.9		)
Noncontrolling interest	—			—			0.9			11.9			2.7			15.5
	$	111.4		$	(0.4	)	$	(1.4	)	$	(17.8	)	$	(4.1	)	$	87.7
Cumulative components at September 30, 2012:
Gross amounts (after reclassification adjustments)	$	1,059.6		$	(1.0	)	$	0.3		$	(39.9	)	$	(3.7	)	$	1,015.3
Intangible assets adjustments	(390.5		)	0.4			—			—			—			(390.1		)
Tax effects	(234.2		)	0.2			(0.1		)	4.4			3.5			(226.2		)
Noncontrolling interest	—			—			(0.1		)	14.2			0.1			14.2
	$	434.9		$	(0.4	)	$	0.1		$	(21.3	)	$	(0.1	)	$	413.2

Employee Benefit Obligations (Tables)

12 Months Ended

Sep. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations

The following tables provide additional information on the Company’s pension and other postretirement benefit plans which principally relate to Spectrum Brands:



	Pension and Deferred Compensation Benefits						Other Benefits
	2013			2012			2013			2012
Change in benefit obligation
Benefit obligation, beginning of year	$	260.7		$	228.7		$	0.6		$	0.5
Liabilities assumed through acquisitions	14.7			—			—			—
Service cost	3.0			2.0			—			—
Interest cost	10.6			11.4			—			0.1
Actuarial loss (gain)	1.1			31.3			(0.1		)	—
Participant contributions	0.1			0.2			—			—
Curtailments	(1.5		)	—			(0.1		)	—
Benefits paid	(17.4		)	(10.9		)	—			—
Foreign currency exchange rate changes	3.2			(2.0		)	—			—
Benefit obligation, end of year	$	274.5		$	260.7		$	0.4		$	0.6
Change in plan assets
Fair value of plan assets, beginning of year	$	168.6		$	143.7		$	—		$	—
Assets acquired through acquisitions	6.7			—			—			—
Actual return on plan assets	18.3			22.3			—			—
Employer contributions	12.9			13.6			—			—
Employee contributions	0.1			0.2			—			—
Benefits paid	(17.4		)	(10.9		)	—			—
Plan expenses paid	—			—			—			—
Foreign currency exchange rate changes	1.6			(0.3		)	—			—
Fair value of plan assets, end of year	$	190.8		$	168.6		$	—		$	—
Accrued Benefit Cost / Funded Status	$	(83.7	)	$	(92.1	)	$	(0.4	)	$	(0.6	)
Range of assumptions:
Discount rate	1.8% to 13%			4% to 13.5%			4.7		%	4.0		%
Expected return on plan assets	3.6% to 7.8%			4% to 7.8%			N/A			N/A
Rate of compensation increase	2.3% to 5.5%			2.3% to 5.5%			N/A			N/A

Schedule of Expected Benefit Payments

The Company’s expected future pension benefit payments for Fiscal 2014 through its fiscal year 2023 are as follows:



Fiscal Year
2014	$	10.7
2015	10.0
2016	11.6
2017	11.9
2018	12.3
2019 to 2023	69.0

Schedule of Allocation of Plan Assets

The following table sets forth the fair value of the Company’s pension plan assets:



		September 30,
	Fair Value Hierarchy (a)	2013		2012
U.S. defined benefit plan assets:
Mutual funds — equity	Level 1	$	32.8	$	20.5
Common collective trusts — equity	Level 2	19.9		25.8
Common collective trusts — fixed income	Level 2	20.5		19.5
Other	Level 2	0.6		0.6
Total U.S. defined benefit plan assets		73.8		66.4
International defined benefit plan assets:
Common collective trusts — equity	Level 2	46.5		38.5
Common collective trusts — fixed income	Level 2	15.9		15.7
Insurance contracts — general fund	Level 2	37.7		40.6
Other	Level 1	6.6		—
Other	Level 2	10.3		7.4
Total International defined benefit plan assets		117.0		102.2
Total defined benefit plan assets		$	190.8	$	168.6

(a)

Below is a summary allocation of all pension plan assets as of the measurement date.



	Weighted Average Allocation
	Target		Actual
	2013		2013		2012
Asset Category
Equity securities	0-60%		52	%	50	%
Fixed income securities	0-40%		19	%	21	%
Other	0-100%		29	%	29	%
	100	%	100	%	100	%

Components of Consolidated Net Periodic Benefit and Deferred Compensation Benefit Costs and Contributions Made



	Pension and Deferred Compensation Benefits									Other Benefits
	Year ended September 30,									Year ended September 30,
	2013			2012			2011			2013		2012			2011
Components of net periodic benefit cost:
Service cost	$	3.4		$	2.4		$	2.7		$	—	$	—		$	—
Interest cost	10.6			11.4			11.2			—		0.1			0.1
Expected return on assets	(9.7		)	(9.1		)	(8.8		)	—		—			—
Amortization of prior service cost	—			0.1			—			—		—			—
Curtailment gain	(0.8		)	—			—			—		—			—
Recognized net actuarial (gain) loss	2.1			0.9			—			—		(0.1		)	(0.1		)
Net periodic cost (benefit)	$	5.6		$	5.7		$	5.1		$	—	$	—		$	—

Stock Compensation (Tables)

12 Months Ended

Sep. 30, 2013

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Options Outstanding and Related Activity



	HGI						FGH
Stock Option Awards	Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Options		Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
Stock options outstanding at September 30, 2012	2,285		$	4.96	$	1.77	201		$	38.20	$	3.90
Granted	1,734		8.57		3.56		195		49.49		3.85
Exercised	(32	)	6.08		2.23		(31	)	39.19		3.90
Forfeited or expired	(33	)	6.18		2.32		(30	)	43.96		3.87
Stock options outstanding at September 30, 2013	3,954		6.52		2.55		335		44.23		3.87
Stock options vested and exercisable at September 30, 2013	833		6.12		2.34		40		38.21		3.90
Stock options outstanding and expected to vest	3,121		6.63		2.60		283		44.16		3.87

Summary of Restricted Stock and Restricted Stock Units Outstanding and Related Activity



	HGI				Spectrum Brands
Restricted Stock Awards	Shares		Weighted Average Grant Date Fair Value		Shares		Weighted Average Grant Date Fair Value
Restricted stock outstanding at September 30, 2012	830		$	4.93	13		$	28.00
Granted	3,319		8.53		—		—
Vested	(651	)	8.25		(13	)	28.00
Forfeited	(42	)	8.02		—		—
Restricted stock outstanding at September 30, 2013	3,456		7.72		—		—
Restricted stock expected to vest	3,456		7.72		—		—



	HGI				Spectrum Brands				FGH
Restricted Stock Units	Units		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value
Restricted stock units outstanding at September 30, 2012	17		$	4.61	1,931		$	28.45	—		$	—
Granted	9		8.33		700		45.97		53		49.58
Vested	(17	)	4.61		(1,211	)	28.25		—		—
Forfeited	(9	)	8.33		(302	)	30.36		(7	)	49.45
Restricted stock units outstanding at September 30, 2013	—		—		1,118		39.11		46		49.60
Restricted stock units vested and exercisable at September 30, 2013	22		4.61		—		—		—		—
Restricted stock units expected to vest	—		—		1,118		39.11		42		49.54

Summary of the Activity Related to the Incentive Unit Plan

A summary of the activity related to the incentive unit plan was as follows (share amounts in thousands):



	Shares	Weighted average grant date fair value per share
Non-vested awards at February 14, 2013	—	$	—
Granted	102	10.00
Non-vested awards at September 30, 2013	102	$	10.00

HGI

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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:



	2013	2012
Risk-free interest rate	0.84% to 1.86%	0.97% to 1.19%
Assumed dividend yield	—%	—%
Expected option term	5.3 to 6.2 years	6 years
Volatility	41.9% to 44%	33% to 35.5%

Spectrum Brands

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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:



	2013	2012
Risk-free interest rate	0.8%	0.8%
Assumed dividend yield	6%	10%
Expected option term	4.5 years	4.5 years
Volatility	27%	35%

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) was calculated based upon the following components of income from continuing operations before income taxes:



	Year ended September 30,
	2013			2012			2011
Income from continuing operations before income taxes:
United States	$	(78.9	)	$	(146.5	)	$	(74.8	)
Outside the United States	197.2			171.9			132.7
Total income from continuing operations before taxes	$	118.3		$	25.4		$	57.9

The components of income tax (benefit) expense were as follows:



	Year ended September 30,
	2013			2012			2011
Current:
Federal	$	(32.5	)	$	74.4		$	(0.9	)
Foreign	47.7			38.1			32.7
State	1.4			(0.4		)	2.3
Total current	16.6			112.1			34.1
Deferred:
Federal	169.0			(199.2		)	(20.6		)
Foreign	2.1			5.2			28.1
State	(0.4		)	(3.4		)	9.0
Total deferred	170.7			(197.4		)	16.5
Income tax expense (benefit)	$	187.3		$	(85.3	)	$	50.6

Schedule of Effective Income Tax Rate Reconciliation

The differences between income taxes expected at the U.S. Federal statutory income tax rate of 35.0% and reported income tax expense (benefit) are summarized as follows:



	Year ended September 30,
	2013			2012			2011
Expected income tax (benefit) expense at Federal statutory rate	$	41.4		$	8.9		$	20.3
Valuation allowance for deferred tax assets	152.8			(142.1		)	72.3
Preferred stock equity conversion feature	35.6			54.8			(9.5		)
Residual tax on foreign earnings	(7.0		)	29.8			19.0
Foreign rate differential	(18.8		)	(14.1		)	(12.6		)
Bargain purchase gain	—			—			(55.4		)
Gain on contingent purchase price reduction	—			(14.3		)	—
Permanent items	5.7			9.5			10.7
Non-deductible stock based compensation	1.7			—			—
Exempt foreign income	(5.9		)	(5.8		)	(0.4		)
Unrecognized tax benefits	4.1			(4.4		)	(2.8		)
State and local income taxes	(32.2		)	(8.5		)	1.2
Dividends received deduction	1.4			(0.9		)	—
Inflationary adjustments	(0.2		)	(0.8		)	(1.5		)
Capitalized transaction costs	5.6			0.3			2.8
Deferred tax correction of immaterial prior period error	—			—			4.9
Other	3.1			2.3			1.6
Reported income tax expense (benefit)	$	187.3		$	(85.3	)	$	50.6
Effective tax rate	158.3		%	(335.9		)%	87.3		%

Schedule of Deferred Tax Assets and Liabilities

The following table summarizes the components of deferred income tax assets and liabilities:



	September 30, 2013			September 30, 2012
Current deferred tax assets:
Employee benefits	$	15.4		$	29.5
Restructuring	7.1			8.1
Inventories and receivables	24.3			22.5
Employee compensation	5.4			—
Marketing and promotional accruals	14.1			8.3
Capitalized transaction costs	0.1			0.1
Unrealized losses on mark-to-market securities	12.6			10.2
Other	23.9			15.1
Valuation allowance	(55.0		)	(49.0		)
Total current deferred tax assets	47.9			44.8
Current deferred tax liabilities:
Inventories and receivables	(2.7		)	(2.6		)
Unrealized gains	(0.4		)	(1.2		)
Other	(11.7		)	(7.9		)
Total current deferred tax liabilities	(14.8		)	(11.7		)
Noncurrent deferred tax assets:
Employee benefits	$	49.5		$	37.5
Restructuring and purchase accounting	0.3			0.4
Net operating loss, credit and capital loss carry forwards	1,029.5			914.5
Prepaid royalty	7.0			7.0
Properties	9.7			3.2
Capitalized transaction costs	0.6			—
Unrealized losses on mark-to-market securities	2.1			12.7
Long-term debt	0.7			4.0
Intangibles	3.9			4.3
Deferred acquisition costs	0.4			9.9
Insurance reserves and claim related adjustments	477.7			620.3
Outside basis differences on partnership interests	21.3			—
Other	32.8			30.8
Valuation allowance	(762.2		)	(611.1		)
Total noncurrent deferred tax assets	873.3			1,033.5
Noncurrent deferred tax liabilities:
Properties	(27.5		)	(15.3		)
Unrealized gains	(13.1		)	(15.8		)
Intangibles	(735.5		)	(596.2		)
Value of business acquired	(67.3		)	(36.5		)
Deferred acquisition costs	(63.7		)	—
Tax on unremitted foreign earnings	(18.6		)	(29.2		)
Investments	(156.5		)	(438.7		)
Other	(23.4		)	(4.5		)
Total noncurrent deferred tax liabilities	(1,105.6		)	(1,136.2		)
Total gross deferred tax assets	$	921.2		$	1,078.3
Total gross deferred tax liabilities	$	(1,120.4	)	$	(1,147.9	)

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes changes to the Company’s UTB reserves, excluding related interest and penalties:



	Amount
Unrecognized tax benefits at September 30, 2010	$	13.2
Gross increase — tax positions in prior period	1.6
Gross decrease — tax positions in prior period	(0.8		)
Gross increase — tax positions in current period	0.6
Settlements	(1.9		)
Lapse of statutes of limitations	(3.7		)
Unrecognized tax benefits at September 30, 2011	9.0
Gross increase — tax positions in prior period	0.7
Gross decrease — tax positions in prior period	(1.3		)
Gross increase — tax positions in current period	0.8
Settlements	(1.7		)
Lapse of statutes of limitations	(1.6		)
Unrecognized tax benefits at September 30, 2012	5.9
Gross increase — tax positions in prior period	9.1
Gross decrease — tax positions in prior period	(0.3		)
Gross increase — tax positions in current period	0.5
Settlements	(0.1		)
Lapse of statutes of limitations	(1.3		)
Unrecognized tax benefits at September 30, 2013	$	13.8

Restructuring and related charges (Tables)

12 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

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 year ended September 30, 2013 and September 30, 2012 and where those charges are classified in the accompanying Consolidated Statements of Operations:



	Year ended September 30,
	2013		2012		2011		Charges Since Inception		Expected Future Charges		Total Projected Costs		Expected Completion Date
Initiatives:
Global Expense Rationalization	$	11.3	$	—	$	—	$	11.3	$	4.2	$	15.5	September 30, 2015
Global Cost Reduction	16.4		18.7		25.5		99.4		3.0		102.4		January 31, 2015
Other	6.3		0.9		3.1
	$	34.0	$	19.6	$	28.6

Classification:
Consumer products cost of goods sold	$	10.0	$	9.8	$	7.8
Selling, acquisition, operating and general expenses	24.0		9.8		20.8
	$	34.0	$	19.6	$	28.6

Restructuring, Impairment, and Other Activities Disclosure [Text Block]

The following table summarizes restructuring and related charges incurred by type of charge and where those charges are classified in the accompanying Consolidated Statements of Operations:



	Year ended September 30,
	2013			2012		2011
Costs included in cost of goods sold:
Global Expense Rationalization Initiatives:
Termination benefits	$	—		$	—	$	—
Other associated benefits	—			—		—
Global Cost Reduction Initiatives:
Termination benefits	0.2			2.9		1.7
Other associated benefits	3.3			6.9		5.9
HHI Business and other restructuring initiatives:
Termination benefits	0.2			—		—
Other associated benefits	6.3			—		0.2
Total included in cost of goods sold	10.0			9.8		7.8
Costs included in selling, acquisition, operating and general expenses:
Global Expense Rationalization Initiatives:
Termination benefits	10.3			—		—
Other associated benefits	1.1			—		—
Global Cost Reduction Initiatives:
Termination benefits	6.3			3.1		10.2
Other associated benefits	6.4			5.8		7.8
HHI Business and other restructuring initiatives:
Termination benefits	—			—		0.9
Other associated benefits	(0.1		)	0.9		1.9
Total included in selling, acquisition, operating and general expenses:	24.0			9.8		20.8
Total restructuring and related charges	$	34.0		$	19.6	$	28.6

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 year ended September 30, 2013:



	Accrual Balance at September 30, 2012		Provisions		Cash Expenditures			Non-Cash Items			Accrual Balance at September 30, 2013		Expensed as Incurred (a)
Global Expense Rationalization Initiatives:
Termination benefits	$	—	$	9.0	$	(2.1	)	$	0.4		$	7.3	$	1.3
Other costs	—		—		—			—			—		1.0
	—		9.0		(2.1		)	0.4			7.3		2.3
Global Cost Reduction Initiatives:
Termination benefits	3.3		5.3		(3.7		)	$	—		4.9		1.3
Other costs	1.1		0.5		(1.2		)	—			0.4		9.3
	4.4		5.8		(4.9		)	—			5.3		10.6
Other initiatives	2.2		6.0		(0.5		)	(3.6		)	4.1		0.3
	$	6.6	$	20.8	$	(7.5	)	$	(3.2	)	$	16.7	$	13.2

___________________


(a)	Consists of amounts not impacting the accrual for restructuring and related charges.

Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2013

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):



	Year ended September 30,
	2013			2012			2011
Net (loss) income attributable to common and participating preferred stockholders	$	(94.2	)	$	29.9		$	22.2

Participating shares at end of period:
Common shares outstanding	138,876			139,357			139,346
Preferred shares (as-converted basis)	61,987			62,839			60,989
Total	200,863			202,196			200,335

Percentage of (loss) income allocated to:
Common shares	100.0		%	68.9		%	69.6		%
Preferred shares (a)	—		%	31.1		%	30.4		%

Net (loss) income attributable to common shares - basic	$	(94.2	)	$	20.6		$	15.4

Dilutive adjustments to (loss) income attributable to common shares from assumed conversion of preferred shares, net of tax:
Income allocated to preferred shares in basic calculation	—			—			6.8
Reversal of preferred stock dividends and accretion	—			—			19.8
Reversal of income related to fair value of preferred stock conversion feature	—			—			(27.9		)
Net adjustment	—			—			(1.3		)

Net (loss) income attributable to common shares - diluted	$	(94.2	)	$	20.6		$	14.1

Weighted-average common shares outstanding - basic	139,856			139,356			139,233
Dilutive effect of preferred stock	—			—			19,064
Dilutive effect of unvested restricted stock and restricted stock units	—			381			—
Dilutive effect of stock options	—			81			87
Weighted-average shares outstanding - diluted	139,856			139,818			158,384

Net (loss) income per common share attributable to controlling interest:
Basic	$	(0.67	)	$	0.15		$	0.11
Diluted	$	(0.67	)	$	0.15		$	0.09


(a)	Losses are not allocated to the convertible participating preferred shares since they have no contractual obligation to share in such losses.

Insurance Subsidiary - Financial Information (Tables)

12 Months Ended

Sep. 30, 2013

Insurance Subsidiary - Financial Information [Abstract]

Statutory Accounting Practices Disclosure

Statutory net income (loss) and statutory capital and surplus of the Company's wholly owned insurance subsidiaries were as follows:



	Subsidiary (state of domicile)(a)
	FGL Insurance (MD)		FGL NY Insurance (NY)
Statutory Net Income (Loss):
Fiscal year ended September 30, 2013 (Unaudited)	$	36.2	$	3.1
Fiscal year ended September 30, 2012 (Unaudited)	145.2		0.7
Period April 6, 2011 to September 30, 2011 (Unaudited)	38.2		4.9
Period January 1, 2011 to April 5, 2011 (Unaudited)	15.3		(0.5		)
Year ended December 31, 2012	102.2		1.0
Year ended December 31, 2011	110.3		4.5

Statutory Capital and Surplus:
September 30, 2013 (Unaudited)	$	1,064.3	$	62.2
September 30, 2012 (Unaudited)	861.6		45.3
December 31, 2012	900.5		41.1
December 31, 2011	846.4		44.7

(a) FGL NY Insurance is a subsidiary of FGL Insurance, and the columns should not be added together.

Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References+ Details

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2013

Extractive Industries [Abstract]

Presented below are costs incurred in oil and natural gas property acquisition, exploration and development activities:



(in millions, except per unit amounts)	Amount
Period from inception to September 30, 2013:
Proved property acquisition costs	$	569.5
Unproved property acquisition costs	53.9
Total property acquisition costs	623.4
Development	11.8
Exploration costs	—
Lease acquisitions and other	—
Capitalized asset retirement costs	0.1
Depreciation, depletion and amortization per Boe	$	10.30
Depreciation, depletion and amortization per Mcfe	$	1.72

Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities



	Oil (Mbbls)		Natural Gas (Mmcf)		Natural Gas Liquids (Mbbls)		Natural Gas Equivalent (Mmcfe)
Inception	3,747		268,447		6,113		327,607
Purchase of reserves in place (1)	193		63,145		1,240		71,743
Discoveries and extensions (2)	188		4,416		753		10,062
Revisions of previous estimates:
Changes in price	(125	)	13,116		(135	)	11,556
Other factors (3)	(296	)	(12,136	)	(1,941	)	(25,558	)
Sales of reserves in place	—		—		—		—
Production	(283	)	(14,570	)	(300	)	(18,068	)
September 30, 2013	3,424		322,418		5,730		377,342


(1)	Purchases of reserves in place include the initial contribution of conventional assets from EXCO as of February 14, 2013, and the acquisition of shallow Cotton Valley assets from an affiliate of BG Group as of March 5, 2013.


(2)	New discoveries and extensions were a result of the EXCO/HGI JV’s development in the Permian basin.

(3)

Estimated Quantities of Proved Developed and Undeveloped Reserves



	Oil (Mbbls)	Natural Gas (Mmcf)	Natural Gas Liquids (Mbbls)	Mmcfe
Proved developed:
September 30, 2013	3,107	317,748	4,799	365,185
Proved undeveloped:
September 30, 2013	317	4,670	931	12,157

Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure



	Amount
September 30, 2013
Future cash inflows	$	1,638.5
Future production costs	923.7
Future development costs	156.0
Future income taxes	39.3
Future net cash flows	519.5
Discount of future net cash flows at 10% per annum	217.2
Standardized measure of discounted future net cash flows	$	302.3

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows

The following are the principal sources of change in the Standardized Measure:



	Amount
Period from inception to September 30, 2013:
Sales and transfers of oil and natural gas produced	$	(46.2	)
Net changes in prices and production costs	39.2
Extensions and discoveries, net of future development and production costs	8.1
Development costs during the period	7.4
Changes in estimated future development costs	20.2
Revisions of previous quantity estimates	(50.2		)
Sales of reserves in place	—
Purchase of reserves in place	300.6
Accretion of discount before income taxes	16.1
Changes in timing and other	27.9
Net change in income taxes	(20.8		)
Net change	$	302.3

Schedule of Capitalized Costs of Unproved Properties Excluded from Amortization



	Amount
Period from inception to September 30, 2013:
Property acquisition costs	$	35.7
Exploration and development	—
Capitalized interest	0.8
Total	$	36.5

Tabular disclosure of the aggregate of costs (whether the costs are capitalized or charged to expense at the time they are incurred ) incurred for the year in oil and gas property acquisition, exploration and development activities.

+ References+ Details

Tabular disclosure of the net quantities of an enterprise's interests in proved developed and undeveloped reserves of (a) crude oil (including condensate and natural gas liquids), (b) natural gas (including coal bed methane), (c) synthetic oil, (d) synthetic gas, and (e) other nonrenewable natural resources that are intended to be upgraded during the period as of the beginning of the period, changes in quantities during the period, and as of the end of the period.

+ References+ Details

Schedule of Geographical Information

Tabular disclosure of the future net cash flows relating to proved oil and gas reserves and oil and gas subject to purchase under long-term agreements in which the enterprise participates in the operation of the properties on which the oil and gas is located or otherwise serves as the producer. This information is presented in aggregate and for each geographic area for which reserve quantities are disclosed.

+ References+ Details

Segment and Georgraphic Data (Tables)

12 Months Ended

Sep. 30, 2013

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.



	Year ended September 30,
	2013			2012			2011
Revenues:
Consumer Products	$	4,085.6		$	3,252.4		$	3,186.9
Insurance	1,348.4			1,221.8			290.8
Energy	90.2			—			—
Financial Services	28.9			8.6			—
Intersegment elimination	(9.7		)	(2.1		)	—
Consolidated revenues	$	5,543.4		$	4,480.7		$	3,477.7

Depreciation and amortization
Consumer Products	$	139.8		$	104.5		$	104.7
Insurance	186.3			163.5			(9.4		)
Energy	32.2			—			—
Financial Services	0.1			0.1			—
Total segments	358.4			268.1			95.3
Corporate	0.2			0.1			0.2
Consolidated depreciation and amortization	$	358.6		$	268.2		$	95.5

Operating income (loss):
Consumer Products	$	351.2		$	301.8		$	227.9
Insurance	522.9			159.9			(41.5		)
Energy	(45.2		)	—			—
Financial Services	10.4			2.5			—
Intersegment elimination	(10.9		)	(2.1		)	—
Total segments	828.4			462.1			186.4
Corporate and eliminations	(91.0		)	(52.6		)	(22.7		)
Consolidated operating income	737.4			409.5			163.7
Interest expense	(511.9		)	(251.0		)	(249.3		)
(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock	(101.6		)	(156.6		)	27.9
Bargain purchase gain from business acquisition	—			—			158.3
Gain on contingent purchase price reduction	—			41.0			—
Other expense, net	(5.6		)	(17.5		)	(42.7		)
Consolidated income from continuing operations before income taxes	$	118.3		$	25.4		$	57.9



	Year ended September 30,
	2013		2012		2011
Capital expenditures:
Consumer Products	$	81.9	$	46.8	$	36.2
Insurance	4.1		6.2		1.7
Energy	13.4		—		—
Financial Services	0.3		0.5		—
Total segments	99.7		53.5		37.9
Corporate	0.4		—		0.3
Consolidated capital expenditures	$	100.1	$	53.5	$	38.2



Total assets:	September 30, 2013			September 30, 2012
Consumer Products	$	5,626.7		$	3,751.6
Insurance	21,183.1			20,990.3
Energy	617.6			—
Financial Services	572.2			195.1
Intersegment elimination	(461.4		)	(182.1		)
Total segments	27,538.2			24,754.9
Corporate assets	370.6			445.5
Consolidated total assets	$	27,908.8		$	25,200.4



Total long-lived assets:	September 30, 2013		September 30, 2012
Consumer Products	$	4,143.8	$	2,690.2
Insurance	572.9		280.4
Energy	576.8		—
Financial Services	0.7		0.5
Total segments	5,294.2		2,971.1
Corporate assets	28.4		15.4
Consolidated total long-lived assets	$	5,322.6	$	2,986.5



	Year ended September 30,
Net change in cash due to operating activities	2013			2012		2011
Consumer Products	$	256.5		$	258.7	$	229.9
Insurance	336.2			300.0		(25.4		)
Energy	37.2			—		—
Financial Services	11.7			13.7		—
Net change in cash due to segment operating activities	641.6			572.4		204.5
Net change in cash due to corporate operating activities	(119.3		)	50.1		(49.0		)
Consolidated change in cash due to operating activities	$	522.3		$	622.5	$	155.5

The Company’s geographic data disclosures are as follows:

Net consumer product sales to external customers:



	Year ended September 30,
	2013		2012		2011
United States	$	2,411.4	$	1,772.1	$	1,780.1
Outside the United States	1,674.2		1,480.3		1,406.8
Consolidated net consumer product sales to external customers	$	4,085.6	$	3,252.4	$	3,186.9

Long-lived assets:



	September 30, 2013		September 30, 2012
United States	$	4,397.4	$	2,284.9
Outside the United States	925.2		701.6
Consolidated long-lived assets	$	5,322.6	$	2,986.5

Consolidating Financial Information [Abstract]

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

Consolidating Financial Information (Tables)

12 Months Ended

Sep. 30, 2013

Schedule of Balance Sheet Information

Harbinger Group Inc. - Condensed Consolidating Balance Sheet Information



September 30, 2013	Consumer Products		Insurance		Energy		Financial Services		Corporate and Other		Eliminations			Total
Assets:
Investments	$	—	$	16,282.3	$	—	$	389.3	$	42.3	$	(248.0	)	$	16,465.9
Investments in subsidiaries and affiliates	—		62.0		—		—		2,012.9		(2,074.9		)	—
Affiliated loans and receivables	—		150.1		—		0.9		—		(151.0		)	—
Cash and cash equivalents	207.3		1,248.3		18.7		166.5		258.9		—			1,899.7
Receivables, net	546.9		—		22.2		1.2		41.0		—			611.3
Inventories, net	632.9		—		—		—		—		—			632.9
Accrued investment income	—		159.3		—		2.3		—		(0.4		)	161.2
Reinsurance recoverable	—		2,363.7		—		—		—		—			2,363.7
Deferred tax assets	33.0		260.4		—		—		—		—			293.4
Properties, including oil and natural gas properties, net	412.5		7.0		572.6		0.7		0.5		—			993.3
Goodwill	1,476.7		—		—		—		—		—			1,476.7
Intangibles, including DAC and VOBA, net	2,163.2		565.9		—		—		—		—			2,729.1
Other assets	154.2		84.1		4.1		11.3		27.9		—			281.6
Total assets	$	5,626.7	$	21,183.1	$	617.6	$	572.2	$	2,383.5	$	(2,474.3	)	$	27,908.8



Liabilities and Equity:
Insurance reserves	$	—	$	18,895.9	$	—	$	—		$	—	$	—		$	18,895.9
Debt	3,218.9		300.0		271.2		181.8			924.2		—			4,896.1
Accounts payable and other current liabilities	849.4		52.9		32.8		6.3			71.3		—			1,012.7
Equity conversion feature of preferred stock	—		—		—		—			330.8		—			330.8
Employee benefit obligations	96.6		—		—		—			3.0		—			99.6
Deferred tax liabilities	492.8		—		—		—			—		—			492.8
Other liabilities	28.9		640.2		25.4		23.3			0.2		—			718.0
Affiliated debt and payables	—		0.8		102.2		293.3			—		(396.3		)	—
Total liabilities	4,686.6		19,889.8		431.6		504.7			1,329.5		(396.3		)	26,445.9
Temporary equity	—		—		0.1		—			329.3		—			329.4
Total stockholders’ equity	531.0		1,293.3		185.9		67.8			724.7		(2,078.0		)	724.7
Noncontrolling interests	409.1		—		—		(0.3		)	—		—			408.8
Total permanent equity	940.1		1,293.3		185.9		67.5			724.7		(2,078.0		)	1,133.5
Total liabilities and equity	$	5,626.7	$	21,183.1	$	617.6	$	572.2		$	2,383.5	$	(2,474.3	)	$	27,908.8



September 30, 2012	Consumer Products		Insurance		Energy		Financial Services		Corporate and Other		Eliminations			Total
Assets:
Investments	$	—	$	16,556.7	$	—	$	180.1	$	181.6	$	—		$	16,918.4
Investment in subsidiaries and affiliates	—		32.0		—		—		1,858.2		(1,890.2		)	—
Affiliated loans and receivables	—		150.1		—		—		—		(150.1		)	—
Cash and cash equivalents	158.0		1,054.6		—		12.4		245.7		—			1,470.7
Receivables, net	373.4		41.0		—		—		—		—			414.4
Inventories, net	452.6		—		—		—		—		—			452.6
Accrued investment income	—		191.6		—		—		—		—			191.6
Reinsurance recoverable	—		2,363.1		—		—		—		—			2,363.1
Deferred tax assets	28.2		279.6		—		—		4.9		—			312.7
Properties, including oil and natural gas properties, net	214.0		6.9		—		0.4		0.3		—			221.6
Goodwill	694.2		—		—		—		—		—			694.2
Intangibles, including DAC and VOBA, net	1,715.0		273.5		—		—		—		—			1,988.5
Other assets	116.2		41.2		—		2.2		13.0		—			172.6
Total assets	$	3,751.6	$	20,990.3	$	—	$	195.1	$	2,303.7	$	(2,040.3	)	$	25,200.4

Liabilities and Equity:
Insurance reserves	$	—	$	19,051.0	$	—	$	—	$	—	$	—		$	19,051.0
Debt	1,669.3		—		—		—		497.7		—			2,167.0
Accounts payable and other current liabilities	594.2		93.2		—		—		66.8		—			754.2
Equity conversion feature of preferred stock	—		—		—		—		232.0		—			232.0
Employee benefit obligations	90.0		—		—		—		5.1		—			95.1
Deferred tax liabilities	377.5		—		—		—		4.9		—			382.4
Other liabilities	31.6		555.3		—		13.3		0.4		—			600.6
Affiliated debt and payables	—		—		—		150.1		—		(150.1		)	—
Total liabilities	2,762.6		19,699.5		—		163.4		806.9		(150.1		)	23,282.3
Temporary equity	—		—		—		—		319.2		—			319.2
Total stockholders’ equity	567.7		1,290.8		—		31.7		1,177.6		(1,890.2		)	1,177.6
Noncontrolling interests	421.3		—		—		—		—		—			421.3
Total permanent equity	989.0		1,290.8		—		31.7		1,177.6		(1,890.2		)	1,598.9
Total liabilities and equity	$	3,751.6	$	20,990.3	$	—	$	195.1	$	2,303.7	$	(2,040.3	)	$	25,200.4

Schedule of Income Statement Information

Harbinger Group Inc. - Condensed Consolidating Statements of Operations Information



Year ended September 30, 2013	Consumer Products			Insurance			Energy			Financial Services			Corporate and Other			Eliminations			Total
Revenues:
Net consumer product sales	$	4,085.6		$	—		$	—		$	—		$	—		$	—		$	4,085.6
Oil and natural gas	—			—			90.2			—			—			—			90.2
Insurance premiums	—			58.8			—			—			—			—			58.8
Net investment income	—			715.5			—			28.9			—			(9.7		)	734.7
Net investment gains	—			511.6			—			—			—			—			511.6
Insurance and investment product fees and other	—			62.5			—			—			—			—			62.5
Total revenues	4,085.6			1,348.4			90.2			28.9			—			(9.7		)	5,543.4
Operating costs and expenses:
Consumer products cost of goods sold	2,695.3			—			—			—			—			—			2,695.3
Oil and natural gas direct operating costs	—			—			44.0			—			—			—			44.0
Benefits and other changes in policy reserves	—			531.8			—			—			—			—			531.8
Selling, acquisition, operating and general expenses	961.3			111.4			37.1			18.5			91.0			1.2			1,220.5
Impairment of oil and gas properties	—			—			54.3			—			—			—			54.3
Amortization of intangibles	77.8			182.3			—			—			—			—			260.1
Total operating costs and expenses	3,734.4			825.5			135.4			18.5			91.0			1.2			4,806.0
Operating income (loss)	351.2			522.9			(45.2		)	10.4			(91.0		)	(10.9		)	737.4
Equity in net income (losses) of subsidiaries	—			—			—			—			266.3			(266.3		)	—
Interest expense	(375.6		)	(11.5		)	(4.7		)	—			(120.1		)	—			(511.9		)
Affiliated interest expense	—			—			(5.6		)	(4.1		)	—			9.7			—
(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock	—			—			—			—			(101.6		)	—			(101.6		)
Other expense, net	(3.5		)	(0.2		)	(1.3		)	—			(0.6		)	—			(5.6		)
(Loss) income from continuing operations before income taxes	(27.9		)	511.2			(56.8		)	6.3			(47.0		)	(267.5		)	118.3
Income tax expense (benefit)	27.4			161.0			—			0.1			(1.2		)	—			187.3
Net (loss) income	(55.3		)	350.2			(56.8		)	6.2			(45.8		)	(267.5		)	(69.0		)
Less: Net (loss) income attributable to noncontrolling interest	(23.6		)	—			—			0.4			—			—			(23.2		)
Net (loss) income attributable to controlling interest	(31.7		)	350.2			(56.8		)	5.8			(45.8		)	(267.5		)	(45.8		)
Less: Preferred stock dividends and accretion	—			—			—			—			48.4			—			48.4
Net (loss) income attributable to common and participating preferred stockholders	$	(31.7	)	$	350.2		$	(56.8	)	$	5.8		$	(94.2	)	$	(267.5	)	$	(94.2	)



Year ended September 30, 2012	Consumer Products			Insurance			Energy		Financial Services			Corporate and Other			Eliminations			Total
Revenues:
Net consumer product sales	$	3,252.4		$	—		$	—	$	—		$	—		$	—		$	3,252.4
Insurance premiums	—			55.3			—		—			—			—			55.3
Net investment income	—			716.2			—		8.6			—			(2.1		)	722.7
Net investment gains (losses)	—			410.0			—		—			—			—			410.0
Insurance and investment product fees and other	—			40.3			—		—			—			—			40.3
Total revenues	3,252.4			1,221.8			—		8.6			—			(2.1		)	4,480.7
Operating costs and expenses:
Consumer products cost of goods sold	2,136.8			—			—		—			—			—			2,136.8
Benefits and other changes in policy reserves	—			777.4			—		—			—			—			777.4
Selling, acquisition, operating and general expenses	750.1			123.9			—		6.1			52.6			—			932.7
Amortization of intangibles	63.7			160.6			—		—			—			—			224.3
Total operating costs and expenses	2,950.6			1,061.9			—		6.1			52.6			—			4,071.2
Operating income	301.8			159.9			—		2.5			(52.6		)	(2.1		)	409.5
Equity in net income of subsidiaries	—			—			—		—			372.0			(372.0		)	—
Interest expense	(191.9		)	(2.5		)	—		—			(56.6		)	—			(251.0		)
Affiliated interest expense	—			—			—		(2.1		)	—			2.1			—
Loss from the change in the fair value of the equity conversion feature of preferred stock	—			—			—		—			(156.6		)	—			(156.6		)
Gain on contingent purchase price reduction	—			41.0			—		—			—			—			41.0
Other (expense) income, net	(0.9		)	0.1			—		—			(16.7		)	—			(17.5		)
Income (loss) from continuing operations before income taxes	109.0			198.5			—		0.4			89.5			(372.0		)	25.4
Income tax expense (benefit)	60.4			(145.7		)	—		—			—			—			(85.3		)
Net income	48.6			344.2			—		0.4			89.5			(372.0		)	110.7
Less: Net income attributable to noncontrolling interest	21.2			—			—		—			—			—			21.2
Net income attributable to controlling interest	27.4			344.2			—		0.4			89.5			(372.0		)	89.5
Less: Preferred stock dividends and accretion	—			—			—		—			59.6			—			59.6
Net income attributable to common and participating preferred stockholders	$	27.4		$	344.2		$	—	$	0.4		$	29.9		$	(372.0	)	$	29.9



Year ended September 30, 2011	Consumer Products			Insurance			Energy		Financial Services		Corporate and Other			Eliminations			Total
Revenues:
Net consumer product sales	$	3,186.9		$	—		$	—	$	—	$	—		$	—		$	3,186.9
Insurance premiums	—			39.0			—		—		—			—			39.0
Net investment income	—			369.8			—		—		—			—			369.8
Net investment gains (losses)	—			(166.9		)	—		—		—			—			(166.9		)
Insurance and investment product fees and other	—			48.9			—		—		—			—			48.9
Total revenues	3,186.9			290.8			—		—		—			—			3,477.7
Operating costs and expenses:
Consumer products cost of goods sold	2,058.0			—			—		—		—			—			2,058.0
Benefits and other changes in policy reserves	—			247.6			—		—		—			—			247.6
Selling, acquisition, operating and general expenses	843.3			95.8			—		—		22.7			—			961.8
Amortization of intangibles	57.7			(11.1		)	—		—		—			—			46.6
Total operating costs and expenses	2,959.0			332.3			—		—		22.7			—			3,314.0
Operating income (loss)	227.9			(41.5		)	—		—		(22.7		)	—			163.7
Equity in net income (losses) of subsidiaries	—			—			—		—		116.1			(116.1		)	—
Interest expense	(208.4		)	(1.9		)	—		—		(39.0		)	—			(249.3		)
Affiliated interest income	—			—			—		—		—			—			—
Gain from the change in the fair value of the equity conversion feature of preferred stock	—			—			—		—		27.9			—			27.9
Bargain purchase gain from business acquisition	—			158.3			—		—		—			—			158.3
Other expense, net	(2.4		)	—			—		—		(40.3		)	—			(42.7		)
Income from continuing operations before income taxes	17.1			114.9			—		—		42.0			(116.1		)	57.9
Income tax expense (benefit)	92.3			(41.7		)	—		—		—			—			50.6
Net (loss) income	(75.2		)	156.6			—		—		42.0			(116.1		)	7.3
Less: Net loss attributable to noncontrolling interest	(34.7		)	—			—		—		—			—			(34.7		)
Net (loss) income attributable to controlling interest	(40.5		)	156.6			—		—		42.0			(116.1		)	42.0
Less: Preferred stock dividends and accretion	—			—			—		—		19.8			—			19.8
Net (loss) income attributable to common and participating preferred stockholders	$	(40.5	)	$	156.6		$	—	$	—	$	22.2		$	(116.1	)	$	22.2

Quarterly Results (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2013

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information



	Quarter Ended
	September 30, 2013			June 30, 2013			March 31, 2013			December 30, 2012
Net consumer product sales	$	1,137.8		$	1,089.8		$	987.7		$	870.3
Total revenues	1,498.6			1,410.6			1,411.9			1,222.3
Gross profit	396.5			382.8			322.8			288.2
Operating income	205.4			182.6			134.0			215.4
Net (loss) income attributable to common and participating preferred stockholders	(202.3		)	91.6			(45.5		)	62.0
Net (loss) income per common share attributable to controlling interest:
Basic	(1.45		)	0.45			(0.33		)	0.31
Diluted	(1.45		)	0.25			(0.33		)	0.03

	Quarter Ended
	September 30, 2012			July 1, 2012			April 1, 2012			January 1, 2012
Net consumer product sales	$	832.6		$	824.8		$	746.2		$	848.8
Total revenues	1,196.9			1,012.2			1,105.6			1,166.0
Gross profit	279.9			291.7			260.0			284.0
Operating income	120.3			81.4			96.0			111.8
Net income (loss) attributable to common and participating preferred stockholders	159.1			(149.1		)	(3.9		)	23.8
Net income (loss) per common share attributable to controlling interest:
Basic	0.79			(1.07		)	(0.02		)	0.12
Diluted	0.78			(1.07		)	(0.02		)	0.06

Basis of Preparation and Nature of Operations (Detail)	0 Months Ended	12 Months Ended					0 Months Ended	12 Months Ended																											0 Months Ended										1 Months Ended
Basis of Preparation and Nature of Operations (Detail)	Jan. 01, 2013 USD ($)	Sep. 30, 2013 USD ($) Segment	Sep. 30, 2012 USD ($)	Jan. 07, 2011	Sep. 30, 2013 6.625% Notes	Sep. 30, 2013 Zap Com Corporation	Jan. 07, 2011 Spectrum Brands	Sep. 30, 2013 Spectrum Brands	Sep. 30, 2012 Spectrum Brands	Jun. 16, 2010 Spectrum Brands	Sep. 30, 2013 Spectrum Brands 6.375% Senior Notes due 2020 USD ($)	Dec. 30, 2012 Spectrum Brands 6.375% Senior Notes due 2020 USD ($)	Sep. 30, 2012 Spectrum Brands 6.375% Senior Notes due 2020 USD ($)	Sep. 30, 2013 Spectrum Brands 6.625% Notes USD ($)	Dec. 30, 2012 Spectrum Brands 6.625% Notes USD ($)	Sep. 30, 2012 Spectrum Brands 6.625% Notes USD ($)	Sep. 30, 2013 Spectrum Brands Term Loan, due December 17, 2019 USD ($)	Dec. 30, 2012 Spectrum Brands Term Loan, due December 17, 2019 USD ($)	Dec. 30, 2012 Spectrum Brands Term Loan, due December 17, 2019 CAD	Sep. 30, 2013 Spectrum Brands Previous Term Loan Facility USD ($)	Dec. 30, 2012 Spectrum Brands Previous Term Loan Facility USD ($)	Sep. 30, 2012 Spectrum Brands Previous Term Loan Facility USD ($)	Sep. 30, 2013 Spectrum Brands Nine Point Five Percent Senior Secured Notes	Sep. 30, 2013 Salus Capital Partners LLC USD ($)	Feb. 14, 2013 Salus Capital Partners LLC USD ($)	Sep. 30, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary USD ($)	Sep. 23, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary USD ($)	Feb. 28, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary USD ($)	Sep. 23, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary Maximum USD ($)	Feb. 28, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary Maximum USD ($)	Sep. 30, 2013 Fidelity And Guaranty Life Holdings 6.375% Senior Notes, Due April 1, 2021 USD ($)	Mar. 31, 2013 Fidelity And Guaranty Life Holdings 6.375% Senior Notes, Due April 1, 2021 USD ($)	Sep. 30, 2012 Fidelity And Guaranty Life Holdings 6.375% Senior Notes, Due April 1, 2021 USD ($)	Jun. 16, 2010 Russell Hobbs Inc	Jan. 01, 2013 Fgl Reinsurance Agreement With Fsr	Dec. 30, 2012 Fgl Reinsurance Agreement With Fsr USD ($)	Mar. 05, 2013 EXCO/HGI JV EXCO/HGI Partnership Credit Agreement USD ($)	Feb. 14, 2013 EXCO/HGI JV EXCO/HGI Partnership Credit Agreement USD ($)	Sep. 30, 2013 HGI USD ($)	Sep. 30, 2012 HGI USD ($)	Sep. 30, 2013 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Jul. 23, 2013 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Dec. 30, 2012 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Sep. 30, 2012 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Dec. 30, 2012 HGI 10.625% Senior Secured Notes, due November 15, 2015 USD ($)	Sep. 30, 2013 HGI 10.625% Senior Secured Notes, due November 15, 2015 USD ($)	Sep. 30, 2012 HGI 10.625% Senior Secured Notes, due November 15, 2015 USD ($)	Mar. 05, 2013 Cotton-Valley Oil and Gas Properties EXCO/HGI JV USD ($)	Mar. 05, 2013 Cotton-Valley Oil and Gas Properties HGI USD ($)
Business Acquisition [Line Items]
Percentage of common stock outstanding collectively held by principal stockholders		56.50%								40.00%																								100.00%
Voting interest		42.30%
Percentage of ownership interest acquired						97.90%
Percentage of common stock outstanding							54.50%
Equity interest issued or issuable, number of shares							119,910,000
Company' s beneficial ownership of outstanding common stock								59.20%	57.40%
Percentage Of Ownership Interest										65.00%
Noncontrolling interest percentage by parent				54.50%						35.00%
Secondary offering, shares	23,000,000
Secondary offering, price per share	$ 7.50
Debt, face amount												$ 520,000,000.0			$ 570,000,000.0		$ 1,150,000,000.00	$ 800,000,000.0	100,000,000.0													$ 300,000,000.0										$ 225,000,000	$ 700,000,000.0
Long-term debt, interest rate					6.625%						6.375%	6.375%	0.00%	6.625%	6.625%	0.00%				0.00%		5.10%	9.50%								6.375%	6.375%									7.875%		7.875%		10.625%		10.625%
Discharge of remaining outstanding																																													2,000,000
Line of credit, maximum borrowing capacity																		800,000,000	100,000,000.0																		470,000,000.0	400,000,000.0
Long-term debt		4,909,700,000	2,165,000,000								520,000,000		0	570,000,000		0				0	370,200,000	370,200,000									300,000,000								924,200,000	497,700,000	925,000,000				498,000,000		500,000,000
Reinsurance arrangment in percentage																																			10.00%
Reinsurance Recoverables, Gross																																				1,500,000,000
Asset-based loans		560,400,000	180,100,000																					167,000,000	331,100,000	331,100,000	300,000,000	175,500,000	550,000,000	250,000,000
Business combination, assets acquired																																																$ 97,400,000	$ 130,700,000
Number of reporting segments		4

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Proven and Unproven Oil and Gas Properties (Details) (USD $) In Millions, unless otherwise specified	7 Months Ended	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2013 Gas Gathering Assets	Sep. 30, 2013 EXCO/HGI JV HGI Energy Holdings, LLC	Sep. 30, 2013 Unproved Oil and Natural Gas Properties and Development Costs Not Being Amortized EXCO/HGI JV	Feb. 14, 2013 Unproved Oil and Natural Gas Properties and Development Costs Not Being Amortized EXCO/HGI JV
Reserve Quantities [Line Items]
Capitalized Costs, Unproved Properties							$ 36.5	$ 48.5
Impairment of unproved oil and natural gas properties	10.3
Unamortized costs exceed ceiling limitations						222.0
Impairment of proved oil and natural gas properties		$ 54.3	$ 0	$ 0
Property, Plant and Equipment, Estimated Useful Lives					14 years

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Goodwill and Intangibles (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013 Minimum	Sep. 30, 2013 Maximum	Sep. 30, 2013 Customer List, Proprietary Technology and Trade Name Maximum	Sep. 30, 2012 Reclassifications	Sep. 30, 2013 Reclassifications Minimum	Sep. 30, 2013 Reclassifications Maximum	Sep. 30, 2011 Consumer Products And Other
Finite-Lived Intangible Assets [Line Items]
Amortization period, intangible asset	1 year	20 years	20 years		1 year	3 years
Prior Year Adjustment Reclassification Related To Indefinite Lived Intangible Assets				$ 3.5
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)							$ 32.5

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Income Taxes (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Accounting Policies [Abstract]
Bargain purchase gain from business acquisition	$ 0	$ 0	$ 158.3
Gain on contingent purchase price reduction	$ 0	$ 41.0	$ 0
Recognized income tax positions	50.00%

In a business combination in which the amount of net identifiable assets acquired and liabilities assumed exceeds the aggregate consideration transferred or to be transferred (as defined), this element represents the amount of gain recognized by the entity.

+ References+ Details

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Contractholder Funds and Furutre Policy Benefits (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Accounting Policies [Abstract]
Reserves for funding agreements, total	$ 554.9	$ 364.1
Fair value of callateral investments	$ 604.9	$ 390.6

Value of the investment at close of period. For schedules of investments that are categorized, the value would be aggregated by category. For investment in and advances to affiliates, if operations of any controlled companies are different in character from those of the company, group such affiliates within divisions and by type of activities.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 14

-Paragraph Column E

-Article 12

Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Name Regulation S-X (SX)

-Number 210

-Section 13

-Paragraph Column C

-Article 12

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 12C

-Paragraph Column C

-Article 12

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 1

-Subparagraph (SX 210.12-12.Column C.3,4)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611133-123010

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-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 4

-Subparagraph (SX 210.12-12C.Column C.7)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611225-123010

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-Publisher FASB

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-Topic 946

-SubTopic 320

-Section S99

-Paragraph 6

-Subparagraph (SX 210.12-14.Column E.2,3)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611322-123010

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-Name Accounting Standards Codification

-Topic 946

-SubTopic 320

-Section S99

-Paragraph 5

-Subparagraph (SX 210.12-13.Column C.6)

-URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611282-123010

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-Name Regulation S-X (SX)

-Number 210

-Section 12

-Paragraph Column C

-Article 12

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-Name Regulation S-X (SX)

-Number 210

-Section 12

-Paragraph 3, 4

-Article 12

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-Name Regulation S-X (SX)

-Number 210

-Section 14

-Paragraph 2, 3

-Article 12

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 13

-Paragraph 6

-Article 12

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-Name Regulation S-X (SX)

-Number 210

-Section 12C

-Paragraph 7

-Article 12

+ Details

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Foreign Currency Translation (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income	$ 87.7	$ 413.2
Foreign Currency Transaction Gain (Loss), before Tax	9.4	1.7	3.4
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income	$ (4.1)	$ (0.1)

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References+ Details

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Shipping and Handling Costs (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Accounting Policies [Abstract]
Shipping, Handling and Transportation Costs	$ 246.1	$ 198.2	$ 201.5

Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs.

+ References+ Details

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Research and Development (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Accounting Policies [Abstract]
Research and development expense	$ 43.3	$ 33.1	$ 32.9

Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items]

The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.

+ References+ Details

Significant Accounting Policies and Practices and Recent Accounting Pronouncements - Change in Accounting Estimates (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement Or Change In Accounting Principle, Effect of Change on Net Change in Cash Due to Operations Activities	$ 4.0	$ 2.5
New Accounting Pronouncement Or Change In Accounting Principle, Effect of Change on Net Change in Cash Due to Financing Activities	$ (4.0)	$ (2.5)

Significant Risks and Uncertainties (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013 Insurers Investment	Sep. 30, 2012 Insurers	Sep. 30, 2011
Concentration Risk [Line Items]
Amortization of Intangible Assets	$ (260.1)	$ (224.3)	$ (46.6)
FGL's investment securities in the banking industry with a fair value	1,983.7	1,082.0
Exposure of FGL's invested assets	12.00%	6.00%
Number of issuers in investment	19	8
Number of holdings on investment securities	10
Percentage of total holdings in industry	41.80%
Stockholders' equity exceeded percentage	10.00%	10.00%
FGL
Concentration Risk [Line Items]
Amortization of Intangible Assets	33.1
Wilton Reassurance Company
Concentration Risk [Line Items]
Net amount recoverable from Wilton Re	1,337.7
Fair Value, Concentration of Risk, All Financial Instruments
Concentration Risk [Line Items]
FGL's investment securities in the banking industry with a fair value	1,892.1
Exposure of FGL's invested assets	11.70%
Number of issuers in investment	80
Single Issuer
Concentration Risk [Line Items]
FGL's investment securities in the banking industry with a fair value	150.7	152.9
Exposure of FGL's invested assets	1.00%	1.00%
Concentrations of Risk and Major Customers
Concentration Risk [Line Items]
Percentage of net sales from major customer	18.00%	23.00%	24.00%
Percentage of trade accounts receivable from major customers	11.00%	13.00%
Net sales from outside of the United States	41.00%	46.00%	44.00%
Derivatives not designated as hedging instrument
Concentration Risk [Line Items]
Derivative Liability, Fair Value, Gross Liability	1,888.6	1,793.7
FIA embedded derivatives \| Derivatives not designated as hedging instrument
Concentration Risk [Line Items]
Derivative Liability, Fair Value, Gross Liability	(45.3)
Contractholder funds \| FIA embedded derivatives \| Derivatives not designated as hedging instrument
Concentration Risk [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 1,544.4	$ 1,550.8

Acquisitions - Schedule of Preliminary purchase price (Detail) (USD $) In Millions, unless otherwise specified	Dec. 17, 2012 HHI Business	Nov. 08, 2012 Shaser Biosciences, Inc.	Apr. 08, 2013 TLM Taiwan	Dec. 17, 2012 Hardware Acquisition
Business Acquisition [Line Items]
Negotiated sales price	$ 1,300.0	$ 50.0	$ 100.0
Preliminary working capital and other adjustments	(10.7)	(0.4)	(6.5)
Business Acquisition Final Working Capital And Other Adjustments	(7.7)	0.1
Preliminary purchase price	$ 1,281.6	$ 49.7		$ 1,375.1

Acquisitions - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended				12 Months Ended				12 Months Ended						9 Months Ended		0 Months Ended		0 Months Ended																	0 Months Ended											0 Months Ended		0 Months Ended
Acquisitions - Additional Information (Detail) (USD $)	Apr. 06, 2011	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Apr. 08, 2011	Sep. 30, 2013 HGI	Sep. 30, 2012 HGI	Sep. 30, 2011 HGI	Feb. 14, 2013 EXCO/HGI JV	Sep. 30, 2013 Minimum	Sep. 30, 2013 Maximum	Sep. 30, 2013 Technology assets Minimum	Sep. 30, 2013 Technology assets Maximum	Sep. 30, 2013 Customer relationships Minimum	Sep. 30, 2013 Customer relationships Maximum	Sep. 30, 2013 Hardware Acquisition Business Combination Measurement Period Adjustment	Dec. 17, 2012 Hardware Acquisition Business Combination Measurement Period Adjustment	Dec. 17, 2012 HHI Business	Sep. 30, 2013 HHI Business	Dec. 17, 2012 HHI Business Technology assets	Dec. 17, 2012 HHI Business Technology assets Minimum	Dec. 17, 2012 HHI Business Technology assets Maximum	Dec. 17, 2012 HHI Business Trade name license agreement	Dec. 17, 2012 HHI Business Trade name license agreement Minimum	Dec. 17, 2012 HHI Business Trade name license agreement Maximum	Dec. 17, 2012 HHI Business Trade Name	Dec. 17, 2012 HHI Business Trade Name Minimum	Dec. 17, 2012 HHI Business Trade Name Maximum	Dec. 17, 2012 HHI Business Customer relationships	Dec. 17, 2012 HHI Business Customer relationships Minimum	Dec. 17, 2012 HHI Business Customer relationships Maximum	Dec. 17, 2012 HHI Business Trademarks and trade names	Dec. 17, 2012 HHI Business Trademarks and trade names Minimum	Dec. 17, 2012 HHI Business Trademarks and trade names Maximum	Sep. 30, 2013 Shaser Biosciences, Inc.	Nov. 08, 2012 Shaser Biosciences, Inc.	Nov. 08, 2012 Shaser Biosciences, Inc. Noncontrolling Interest	Nov. 08, 2012 Shaser Biosciences, Inc. Technology assets	Nov. 08, 2012 Shaser Biosciences, Inc. Call Option exercisable between January 1, 2017 and March 31, 2017	Sep. 30, 2013 Shaser Biosciences, Inc. Business Combination Measurement Period Adjustment	Feb. 14, 2013 EXCO/HGI JV EXCO	Feb. 14, 2013 EXCO/HGI JV HGI	Feb. 14, 2013 EXCO/HGI JV	Feb. 14, 2013 EXCO/HGI JV HGI Energy Holdings, LLC	Feb. 14, 2013 EXCO/HGI JV EXCO/HGI General Partner	Mar. 05, 2013 Cotton-Valley Oil and Gas Properties HGI	Mar. 05, 2013 Cotton-Valley Oil and Gas Properties EXCO/HGI JV	Apr. 06, 2011 FGL	Sep. 30, 2013 FGL	Oct. 31, 2011 BlackFlag	Dec. 22, 2011 FURminator	Dec. 03, 2010 Seed Resources L L C [Member]	Sep. 30, 2012 Seed Resources L L C [Member]	Sep. 30, 2011 Surplus Note FGL
Business Acquisition [Line Items]
Goodwill (Note 13)		$ 1,476,700,000	$ 694,200,000	$ 610,300,000													$ 10,100,000	$ 662,100,000	$ 717,800,000																$ 67,200,000	$ 63,900,000				$ 3,300,000										$ 15,900,000	$ 68,500,000		$ 10,000,000
Deferred tax liability - long-term																	9,800,000	104,700,000	116,400,000
Property, plant and equipment																	(2,900,000)	104,500,000	138,400,000																															400,000	700,000
Goodwill, Purchase Accounting Adjustments																7,700,000
Inventory adjustment to fair value																		31,000,000
Property, plant and equipment, net adjustment to fair value																		10,000,000
Intangible asset																2,000,000	2,000,000	470,000,000	489,100,000																29,300,000	35,500,000				(6,200,000)
Estimated sales growth rate																					2.50%	31.00%		2.50%	5.00%		2.50%	15.50%		2.50%	15.50%		2.50%	5.00%			3.00%	3.00%
Customer retention rate																													95.00%
Estimated Income tax rate		35.00%																		35.00%			35.00%				17.00%	35.00%		17.00%	35.00%	35.00%					35.00%	35.00%
Discounted rate																				12.00%			12.00%			12.00%			12.00%			12.00%					17.00%	11.00%
Carrying value, intangible asset																				51,000,000			13,000,000			4,100,000			90,000,000			331,000,000						29,300,000
Amortization period, intangible asset										1 year	20 years	4 years	17 years	15 years	20 years								5 years			8 years			20 years									13 years
Royalty rate																					4.00%	5.00%	4.00%				1.00%	3.50%					3.00%	5.00%				10.50%
Expected terminal year growth rate																																2.50%
Remaining legal life																				10 years
Deferred tax liabilities, net																		123,600,000
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
Non-controlling interest																	1,700,000	2,200,000	3,900,000																39,100,000	39,000,000	39,000,000			100,000	119,100,000
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Change in Working Capital and Other Assets (Net)																7,000,000
Preliminary working capital and other adjustments																		(10,700,000)																		(400,000)						30,500,000
Business Acquisition, Contingent Consideration, at Fair Value, Noncurrent (Deprecated 2013-01-31)																																																				2,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill																																																		25,000,000	79,000,000		1,100,000
Insurance Assets Transferred At Fair Value Net					653,700,000
Long-term Debt, Gross																																																						95,000,000
Reserve Credit Facility Structuring Fee				13,800,000
Inventory																	100,000	207,200,000	208,400,000																															2,500,000
Trailing revenues																																							100.00%
Adjusted trailing EBITDA																																							700.00%
Purchase price																	(16,100,000)	629,400,000	661,200,000																21,600,000	24,700,000				(3,100,000)		694,500,000	517,600,000			130,700,000	97,400,000
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Oil And Natural Gas Properties																																										697,300,000	519,500,000			138,100,000	102,900,000
Other long-term liabilities																	400,000	11,200,000	19,700,000																							24,800,000	18,500,000			7,400,000	5,500,000
Cash consideration		2,014,800,000	185,100,000	(684,400,000)																																												350,000,000
Reduction in purchase price																																																50,000,000
Cash consideration re-characterized as expense																																																5,000,000
Acquisition related charges	22,700,000					12,700,000	3,700,000	8,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Gas Gathering Assets									21,500,000
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
Amount Of Settlement Adjustments Under Commitment Agreement			11,200,000
Maximum Period Of Measurement Period		1 year
Business Combination, Consideration Transferred																																																		43,800,000	141,800,000	12,500,000
Business Acquisition, Purchase Price Allocation, Current Assets (Deprecated 2013-01-31)																																																			9,200,000
Business Acquisition, Purchase Price Allocation, Liabilities Assumed (Deprecated 2013-01-31)																																																			15,700,000
Payments to Acquire Businesses, Gross																																																				$ 10,500,000

Acquisitions - Summary of Amounts Recorded in Connection with Acquisition of Business (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended																				0 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Apr. 06, 2011 FGL Provisional Valuation	Sep. 30, 2012 FGL Business Combination Measurement Period Adjustment	Sep. 30, 2012 FGL Final Measurement Period Valuation	Feb. 14, 2013 EXCO/HGI General Partner EXCO	Feb. 14, 2013 EXCO/HGI JV EXCO	Feb. 14, 2013 EXCO/HGI JV HGI	Feb. 14, 2013 EXCO/HGI JV	Mar. 05, 2013 Cotton-Valley Oil and Gas Properties HGI	Mar. 05, 2013 Cotton-Valley Oil and Gas Properties EXCO/HGI JV	Sep. 30, 2013 HHI Business	Dec. 17, 2012 HHI Business	Apr. 08, 2013 TLM Taiwan	Sep. 30, 2013 Hardware Acquisition Business Combination Measurement Period Adjustment	Dec. 17, 2012 Hardware Acquisition Business Combination Measurement Period Adjustment	Sep. 30, 2013 Shaser Biosciences, Inc.	Nov. 08, 2012 Shaser Biosciences, Inc.	Sep. 30, 2013 Shaser Biosciences, Inc. Business Combination Measurement Period Adjustment	Dec. 17, 2012 Minimum Trade Name HHI Business	Dec. 17, 2012 Minimum Customer relationships HHI Business
Business Acquisition [Line Items]
Estimated Income tax rate	35.00%																				17.00%	17.00%
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													108.6	104.6	0		4.0
Inventory													208.4	207.2	1.1		0.1
Prepaid expenses and other													9.3	13.3	2.2		(6.2)
Property, plant and equipment													138.4	104.5	36.8		(2.9)
Intangible asset													489.1	470.0	17.1	2.0	2.0	29.3	35.5	(6.2)
Other long-term assets				72.8	0	72.8			32.7	24.5	0	0	7.6	3.1	0.1		4.4	0.2	2.7	(2.5)
Total assets acquired													985.4	920.1	58.1		7.2	30.4	39.1	(8.7)
Accounts payable													138.1	130.1	0		8.0
Deferred tax liability - current													7.2	7.1	0		0.1
Accrued liabilities									(10.8)	(8.0)	0	0	(42.8)	(37.6)	(0.2)		(5.0)
Deferred tax liability - long-term													116.4	104.7	1.9		9.8
Other long-term liabilities									24.8	18.5	7.4	5.5	19.7	11.2	8.1		0.4
Total liabilities assumed													324.2	290.7	10.2		23.3	8.8	14.4	(5.6)
Total identifiable net assets				496.1	7.2	503.3			694.5	517.6	130.7	97.4	661.2	629.4	47.9		(16.1)	21.6	24.7	(3.1)
Non-controlling interests								(119.1)					(3.9)	(2.2)	0		(1.7)	(39.1)	(39.0)	(0.1)
Goodwill (Note 13)	1,476.7	694.2	610.3										717.8	662.1	45.6		10.1	67.2	63.9	3.3
Total net assets acquired													1,375.1	1,289.3	93.5		(7.7)	49.7	49.6	0.1
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	130.9	97.5
Total oil and natural gas properties									697.3	519.5	138.1	102.9
Business Acquisition Percentage Of Equity Interests Acquired							50.00%	24.50%	74.50%										56.00%
Preliminary working capital and other adjustments									30.5					(10.7)	(6.5)				(0.4)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Investments				17,705.4	0	17,705.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Reinsurance Recoverable				929.8	15.2	945.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill				577.2	0	577.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent				256.6	(3.9)	252.7
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets				19,541.8	11.3	19,553.1
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contractholder Liabilities				18,415.0	0	18,415.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liability for Policy and Contract Claims				60.4	0	60.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt				95.0	0	95.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other				475.3	4.1	479.4
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities				19,045.7	4.1	19,049.8
Business Combination Purchase Consideration Transferred				345.0	0	345.0		(725.0)	(349.8)	(574.8)
Business Combination Bargain Purchase Gains Recognized Amount				$ 151.1	$ 7.2	$ 158.3

Acquisitions - Components of Net Deferred Tax Assets (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Business Acquisition [Line Items]
Deferred tax assets,net	$ 293.4	$ 312.7
Deferred Tax Liabilities, Net	1,120.4	1,147.9
Deferred Tax Assets, Net	921.2	1,078.3
Business Acquisition Percentage Of Intangible Assets Acquired	19.60%
Subsidiaries One
Business Acquisition [Line Items]
Deferred Tax Assets Acquisition Costs	96.8
Deferred Tax Assets Insurance Reserve	401.7
Deferred Tax Assets, Operating Loss Carryforwards	128.4
Deferred Tax Assets, Capital Loss Carryforwards	267.5
Deferred Tax Assets, Tax Credit Carryforwards	75.2
Deferred Tax Assets, Other	24.1
Deferred Tax Assets, Gross	993.7
Deferred Tax Assets, Valuation Allowance	(405.4)
Deferred tax assets,net	588.3
Deferred Tax Liabilities Acquisition Cost	202.0
Deferred Tax Liabilities, Investments	121.2
Deferred Tax Liabilities, Other	12.4
Deferred Tax Liabilities, Net	335.6
Deferred Tax Assets, Net	$ 252.7

Acquisitions - Company's Pro Forma Results (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 30, 2012

Sep. 30, 2012

Jul. 01, 2012

Apr. 01, 2012

Jan. 01, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

$ 5,543.4

$ 4,480.7

$ 3,477.7

^[1]

Revenues:

5,788.9

5,603.6

5,352.4

^[1]

Basic net income per common share attributable to controlling interest:

(64.5)

180.0

218.6

^[1]

Pro forma net income per common share (in dollars per share)

$ (1.45)

$ 0.45

$ (0.33)

$ 0.31

$ 0.79

$ (1.07)

$ (0.02)

$ 0.12

$ (0.67)

$ 0.15

$ 0.11

^[1]

$ (0.63)

$ 0.65

$ 1.62

^[1]

Pro forma diluted net income per common share (in dollars per share)

$ (1.45)

$ 0.25

$ (0.33)

$ 0.03

$ 0.78

$ (1.07)

$ (0.02)

$ 0.06

$ (0.67)

$ 0.15

$ 0.09

^[1]

$ (0.63)

$ 0.64

$ 1.43

^[1]

511.9

251.0

249.3

Reported Revenues

(69.0)

110.7

7.3

^[1]

FGL | HHI adjustment

Revenues:

^[2]

685.8

^[1],[2]

Basic net income per common share attributable to controlling interest:

^[2]

84.9

^[1],[2]

Pro forma net income per common share (in dollars per share)

$ 0.00

$ 0.61

^[1]

Pro forma diluted net income per common share (in dollars per share)

$ 0.00

$ 0.54

^[1]

FGL

Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items]

Business Combination Bargain Purchase Gains Recognized Amount

158.3

Basic net income per common share attributable to controlling interest:

Amortization Of Related Reserve Credit Facility Structuring Fee

13.8

Interest Expenses After Adjustment On Note Payable

95.0

350.0

HHI Business | HHI adjustment

Revenues:

191.8

973.6

975.1

^[1]

Basic net income per common share attributable to controlling interest:

4.9

76.1

77.0

^[1]

Pro forma net income per common share (in dollars per share)

$ 0.04

$ 0.55

^[1]

Pro forma diluted net income per common share (in dollars per share)

$ 0.04

$ 0.54

$ 0.49

^[1]

EXCO/HGI JV | HHI adjustment

Revenues:

53.7

149.3

213.8

^[1]

Basic net income per common share attributable to controlling interest:

(0.4)

(6.8)

49.4

^[1]

Pro forma net income per common share (in dollars per share)

$ 0.00

$ (0.05)

$ 0.35

^[1]

Pro forma diluted net income per common share (in dollars per share)

$ 0.00

$ (0.05)

$ 0.31

^[1]

HGI

Business Acquisition Actual Revenue And Pre Tax Income Loss [Line Items]

Basic net income per common share attributable to controlling interest:

Basic net income per common share attributable to controlling interest:

$ 120.1

$ 56.6

$ 39.0

10.625% Senior Secured Notes, due November 15, 2015 | HGI

Long-term debt, interest rate

10.625%

10.625% Senior Secured Notes, due November 15, 2015 | HGI | Consumer Products And Other

Basic net income per common share attributable to controlling interest:

Long-term debt, interest rate

10.625%

[1]

[2]

The pro forma information primarily reflects the following pro forma adjustments applied to FGH’s historical results:•Reduction in net investment income to reflect amortization of the premium on fixed maturity securities — available-for-sale resulting from the fair value adjustment of these assets;•Reversal of amortization associated with the elimination of FGH’s historical DAC;•Amortization of VOBA associated with the establishment of VOBA arising from the acquisition;•Adjustments to reflect the impacts of the recapture of the life business from OM Re and the retrocession of the majority of the recaptured business and the reinsurance of certain life business previously not reinsured to an unaffiliated third party reinsurer, including the amortization of the related $13.8 Structuring Fee;•Adjustments to eliminate interest expense on notes payable to seller and add interest expense on the new $95.0 surplus note payable (which was subsequently settled in October 2011);•Adjustments to reflect the full-period effect of interest expense on the initial $350.0 of 10.625% Notes issued on November 15, 2010, the proceeds of which were used to fund the FGL Acquisition; and•Reversal of the change in the deferred tax valuation allowance included in the income tax provision.

Acquisitions - Summary of Acquisition and Integration Related Charges Incurred (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended									9 Months Ended	12 Months Ended			12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2013 SB/RH Merger	Sep. 30, 2012 SB/RH Merger	Sep. 30, 2011 SB/RH Merger	Sep. 30, 2013 HHI Business	Sep. 30, 2012 HHI Business	Sep. 30, 2011 HHI Business	Jun. 30, 2013 FGL	Sep. 30, 2012 FGL	Sep. 30, 2011 FGL	Sep. 30, 2013 Fixed Indexed Annuity Embedded Derivative	Sep. 30, 2013 Spectrum Brands	Sep. 30, 2012 Spectrum Brands	Sep. 30, 2011 Spectrum Brands	Sep. 30, 2013 EXCO/HGI JV	Sep. 30, 2012 EXCO/HGI JV	Sep. 30, 2011 EXCO/HGI JV	Sep. 30, 2013 FURminator	Sep. 30, 2012 FURminator	Sep. 30, 2011 FURminator	Sep. 30, 2013 BlackFlag	Sep. 30, 2012 BlackFlag	Sep. 30, 2011 BlackFlag	Sep. 30, 2013 Shaser Biosciences, Inc.	Sep. 30, 2012 Shaser Biosciences, Inc.	Sep. 30, 2011 Shaser Biosciences, Inc.	Sep. 30, 2013 Other	Sep. 30, 2012 Other	Sep. 30, 2011 Other
Business Acquisition [Line Items]
Business Acquisition Percentage Of Intangible Assets Acquired	19.60%												80.40%
Integration costs				$ 3.5	$ 10.2	$ 23.1	$ 8.9	$ 0	$ 0
Legal and professional fees				0	1.5	4.9	27.7	0	0
Employee termination charges				0.2	3.9	8.1	0.3	0	0
Total acquisition and integration related charges	$ 62.4	$ 34.8	$ 63.6	$ 3.7	$ 15.6	$ 36.1	$ 36.9	$ 0	$ 0	$ 0	$ 0	$ 22.7		$ 0	$ 0	$ 1.1	$ 9.2	$ 0	$ 0	$ 2.3	$ 7.9	$ 0	$ 0.2	$ 3.4	$ 0	$ 4.8	$ 0	$ 0	$ 5.3	$ 7.9	$ 3.7

Investments - Consolidated Investments (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Schedule of Investments [Line Items]
Gross Unrealized Losses	$ (263.9)	$ (30.6)
Carrying Value	16,465.9	16,918.4
Derivative investments, Cost or Amortized Cost	141.7	142.1
Derivative investments, Gross Unrealized Gains	88.5	67.0
Derivative investments, Gross Unrealized Losses	8.4	8.4
Derivative investments, Estimated Fair Value	221.8	200.7
Derivative investments, Carrying Value	221.8	200.7
Asset-Backed Loans, Cost or Amortized Cost	560.4	180.1
Asset-Backed Loans, Gross Unrealized Gain
Asset-Backed Loans, Gross Unrealized Losses
Asset Backed Securities Fair Value Disclosure	560.4	180.1
Asset-Backed Loans, at Carrying Value	560.4	180.1
Total investments, Cost or Amortized Cost	16,190.1	15,846.3
Total Investments, Gross Unrealized Losses	(311.5)	(84.0)
Total Investments, Gross Unrealized Gains	587.3	1,156.1
Total investment, Estimated Fair Value	16,465.9	16,918.4
Asset-backed securities
Schedule of Investments [Line Items]
Gross Unrealized Losses	(5.2)	(1.6)
Commercial mortgage-backed securities
Schedule of Investments [Line Items]
Gross Unrealized Losses	(1.6)	(2.4)
Corporates
Schedule of Investments [Line Items]
Gross Unrealized Losses	(185.1)	(10.0)
Hybrids
Schedule of Investments [Line Items]
Gross Unrealized Losses	(3.3)	(9.6)
Municipals
Schedule of Investments [Line Items]
Gross Unrealized Losses	(40.8)	(1.1)
Agency Residential Mortgage Backed Securities
Schedule of Investments [Line Items]
Gross Unrealized Losses	(0.3)	(0.3)
Non-agency residential mortgage-backed securities
Schedule of Investments [Line Items]
Gross Unrealized Losses	(13.4)	(4.3)
U.S. Government
Schedule of Investments [Line Items]
Gross Unrealized Losses	(3.9)
Equity Securities
Schedule of Investments [Line Items]
Cost or Amortized Cost	394.7	429.3
Gross Unrealized Gains	7.3	11.9
Gross Unrealized Losses	49.5	46.3
Estimated Fair Value	352.5	394.9
Carrying Value	352.5	394.9
Equity Securities \| Available-for-sale
Schedule of Investments [Line Items]
Cost or Amortized Cost	274.6	237.5
Gross Unrealized Gains	6.7	11.9
Gross Unrealized Losses	10.3	1.3
Estimated Fair Value	271.0	248.1
Carrying Value	271.0	248.1
Equity Securities \| Held for trading
Schedule of Investments [Line Items]
Cost or Amortized Cost	120.1	191.8
Gross Unrealized Gains	0.6
Gross Unrealized Losses	39.2	45.0
Estimated Fair Value	81.5	146.8
Carrying Value	81.5	146.8
Fixed-maturity securities, available-for-sale
Schedule of Investments [Line Items]
Cost or Amortized Cost	15,062.1	15,041.0
Gross Unrealized Gains	491.5	1,077.2
Gross Unrealized Losses	253.6	29.3
Estimated Fair Value	15,300.0	16,088.9
Carrying Value	15,300.0	16,088.9
Fixed-maturity securities, available-for-sale \| Asset-backed securities
Schedule of Investments [Line Items]
Cost or Amortized Cost	1,505.7	1,010.9
Gross Unrealized Gains	22.6	18.6
Gross Unrealized Losses	5.2	1.6
Estimated Fair Value	1,523.1	1,027.9
Carrying Value	1,523.1	1,027.9
Fixed-maturity securities, available-for-sale \| Commercial mortgage-backed securities
Schedule of Investments [Line Items]
Cost or Amortized Cost	431.3	520.0
Gross Unrealized Gains	24.7	36.2
Gross Unrealized Losses	1.6	2.4
Estimated Fair Value	454.4	553.8
Carrying Value	454.4	553.8
Fixed-maturity securities, available-for-sale \| Corporates
Schedule of Investments [Line Items]
Cost or Amortized Cost	9,314.7	10,211.8
Gross Unrealized Gains	288.7	807.2
Gross Unrealized Losses	185.1	10.0
Estimated Fair Value	9,418.3	11,009.0
Carrying Value	9,418.3	11,009.0
Fixed-maturity securities, available-for-sale \| Hybrids
Schedule of Investments [Line Items]
Cost or Amortized Cost	412.6	519.0
Gross Unrealized Gains	19.5	18.8
Gross Unrealized Losses	3.3	9.6
Estimated Fair Value	428.8	528.2
Carrying Value	428.8	528.2
Fixed-maturity securities, available-for-sale \| Municipals
Schedule of Investments [Line Items]
Cost or Amortized Cost	998.8	1,083.2
Gross Unrealized Gains	49.0	141.9
Gross Unrealized Losses	40.8	1.1
Estimated Fair Value	1,007.0	1,224.0
Carrying Value	1,007.0	1,224.0
Fixed-maturity securities, available-for-sale \| Agency Residential Mortgage Backed Securities
Schedule of Investments [Line Items]
Cost or Amortized Cost	96.5	149.5
Gross Unrealized Gains	2.4	5.8
Gross Unrealized Losses	0.3	0.3
Estimated Fair Value	98.6	155.0
Carrying Value	98.6	155.0
Fixed-maturity securities, available-for-sale \| Non-agency residential mortgage-backed securities
Schedule of Investments [Line Items]
Cost or Amortized Cost	1,304.0	629.1
Gross Unrealized Gains	77.4	35.8
Gross Unrealized Losses	13.4	4.3
Estimated Fair Value	1,368.0	660.6
Carrying Value	1,368.0	660.6
Fixed-maturity securities, available-for-sale \| U.S. Government
Schedule of Investments [Line Items]
Cost or Amortized Cost	998.5	917.5
Gross Unrealized Gains	7.2	12.9
Gross Unrealized Losses	3.9
Estimated Fair Value	1,001.8	930.4
Carrying Value	1,001.8	930.4
Other invested assets
Schedule of Investments [Line Items]
Cost or Amortized Cost		53.8
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value		53.8
Carrying Value		53.8
Other invested assets \| U.S. Treasuries and certificate of deposit, held-to-maturity
Schedule of Investments [Line Items]
Cost or Amortized Cost		35.0
Gross Unrealized Gains
Gross Unrealized Losses
Estimated Fair Value		35.0
Carrying Value		35.0
Other invested assets \| Policy loans and other invested assets
Schedule of Investments [Line Items]
Cost or Amortized Cost	31.2	18.8
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Estimated Fair Value	31.2	18.8
Carrying Value	$ 31.2	$ 18.8

Investments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Schedule of Available-for-sale Securities [Line Items]
Gross Unrealized Losses	$ (263.9)	$ (30.6)
Treasury Yield	2.64%	1.63%
Other than temporary impairment credit losses recognized in earnings additions other	2.9	22.8
Credit losses in operations, including credit impairments	0.8	5.7	5.1
Credit losses in operations, change of intent operations	2.2	17.1	12.9
Amortized cost on other-than temporary impairments	9.6	162.3	103.3
Fair value on other than temporary impairments	6.7	138.0	85.8
Change-of-intent, and non-credit losses in other comprehensive income		1.5	0.5
Total other-than-temporary impairments	2.9	22.8	18.0
Other-than-temporary impairments, available-for-sale securities	2.9	22.8	18.0
Non-agency residential mortgage-backed securities
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	0.9
Unrealized losses included in AOCI related to the non-credit portion of other than-temporary impairments on non-agency residential-mortgage-backed securities		(1.9)
Securities held on deposit with various state regulatory authorities, fair value	19.4	20.7
Gross Unrealized Losses	(13.4)	(4.3)
Total other-than-temporary impairments	1.2	7.5	5.1
Net Investment Income
Schedule of Available-for-sale Securities [Line Items]
Proceeds from sale of fixed maturity available-for-sale securities	8,986.9	4,603.0	1,804.0
Gross realized gains on sale of available-for-sale securities	351.2	295.9	42.0
Gross realized losses on sale of available-for-sale securities	18.3	13.8	17.1
Insurance and Financial Services
Schedule of Available-for-sale Securities [Line Items]
Fair value on securities	$ 60.9	$ 1.2
Percentage of amortized cost	20.00%
Percentage of carrying values of all investments (less than 1%)	1.00%

Investments - Amortized Cost and Fair Value of Fixed Maturity Available-for-Sale Securities (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013
Schedule of Available-for-sale Securities [Line Items]
Total fixed maturity available-for-sale securities, Amortized Cost	$ 15,062.1
Total fixed maturity available-for-sale securities, Fair Value	15,300.0
Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Other securities which provide for periodic payments, Amortized Cost	1,505.7
Other securities which provide for periodic payments, Fair Value	1,523.1
Commercial mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Other securities which provide for periodic payments, Amortized Cost	431.3
Other securities which provide for periodic payments, Fair Value	454.3
Structured hybrids
Schedule of Available-for-sale Securities [Line Items]
Other securities which provide for periodic payments, Amortized Cost	27.1
Other securities which provide for periodic payments, Fair Value	29.4
Agency Residential Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Other securities which provide for periodic payments, Amortized Cost	96.5
Other securities which provide for periodic payments, Fair Value	98.6
Non-agency residential mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Other securities which provide for periodic payments, Amortized Cost	1,304.0
Other securities which provide for periodic payments, Fair Value	1,368.0
Non-structured Hybrids \| Corporate \| Municipal \| U.S. Government
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	978.5
Due after one year through five years, Amortized Cost	2,739.1
Due after five years through ten years, Amortized Cost	2,972.4
Due after ten years, Amortized Cost	5,007.5
Subtotal, Amortized Cost	11,697.5
Due in one year or less, Fair Value	982.4
Due after one year through five years, Fair Value	2,805.8
Due after five years through ten years, Fair Value	3,000.9
Due after ten years, Fair Value	5,037.5
Subtotal, Fair Value	$ 11,826.6

Investments - Fair Value and Gross Unrealized Losses of Available-for-Sale Securities (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013 Security	Sep. 30, 2012 Security
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	$ 5,405.9	$ 681.1
Less than 12 months, Gross Unrealized Losses	(235.9)	(11.9)
12 months or longer, Fair Value	520.0	323.8
12 months or longer, Gross Unrealized Losses	(28.0)	(18.7)
Total, Fair Value	5,925.9	1,004.9
Total, Gross Unrealized Losses	(263.9)	(30.6)
Total number of available-for-sale securities in an unrealized loss position, Less than 12 months	588	100
Total number of available-for-sale securities in an unrealized loss position, 12 months or longer	78	56
Total number of available-for-sale securities in an unrealized loss position	666	156
Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	329.3	169.8
Less than 12 months, Gross Unrealized Losses	(4.5)	(1.0)
12 months or longer, Fair Value	81.5	7.5
12 months or longer, Gross Unrealized Losses	(0.7)	(0.6)
Total, Fair Value	410.8	177.3
Total, Gross Unrealized Losses	(5.2)	(1.6)
Commercial mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	26.6	0.8
Less than 12 months, Gross Unrealized Losses	(0.5)	(0.8)
12 months or longer, Fair Value	4.9	10.7
12 months or longer, Gross Unrealized Losses	(1.1)	(1.6)
Total, Fair Value	31.5	11.5
Total, Gross Unrealized Losses	(1.6)	(2.4)
Corporates
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	3,457.2	411.3
Less than 12 months, Gross Unrealized Losses	(175.0)	(8.1)
12 months or longer, Fair Value	186.0	45.5
12 months or longer, Gross Unrealized Losses	(10.1)	(1.9)
Total, Fair Value	3,643.2	456.8
Total, Gross Unrealized Losses	(185.1)	(10.0)
Equities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	118.6
Less than 12 months, Gross Unrealized Losses	(9.1)
12 months or longer, Fair Value	32.2	44.5
12 months or longer, Gross Unrealized Losses	(1.2)	(1.3)
Total, Fair Value	150.8	44.5
Total, Gross Unrealized Losses	(10.3)	(1.3)
Hybrids
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	52.0	13.4
Less than 12 months, Gross Unrealized Losses	(3.3)	(0.4)
12 months or longer, Fair Value		107.7
12 months or longer, Gross Unrealized Losses		(9.2)
Total, Fair Value	52.0	121.1
Total, Gross Unrealized Losses	(3.3)	(9.6)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	333.3	71.1
Less than 12 months, Gross Unrealized Losses	(27.3)	(1.1)
12 months or longer, Fair Value	144.4
12 months or longer, Gross Unrealized Losses	(13.5)
Total, Fair Value	477.7	71.1
Total, Gross Unrealized Losses	(40.8)	(1.1)
Agency Residential Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	9.8	1.8
Less than 12 months, Gross Unrealized Losses	(0.1)	(0.2)
12 months or longer, Fair Value	1.1	6.1
12 months or longer, Gross Unrealized Losses	(0.2)	(0.1)
Total, Fair Value	10.9	7.9
Total, Gross Unrealized Losses	(0.3)	(0.3)
Non-agency residential mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	325.2	12.9
Less than 12 months, Gross Unrealized Losses	(12.2)	(0.3)
12 months or longer, Fair Value	69.9	101.8
12 months or longer, Gross Unrealized Losses	(1.2)	(4.0)
Total, Fair Value	395.1	114.7
Total, Gross Unrealized Losses	(13.4)	(4.3)
U.S. Government
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	753.9
Less than 12 months, Gross Unrealized Losses	(3.9)
12 months or longer, Fair Value	0
12 months or longer, Gross Unrealized Losses	0
Total, Fair Value	753.9
Total, Gross Unrealized Losses	$ (3.9)

Investments - Reconciliation of Other than Temporary Impairment on Fixed Maturity (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Investments, Debt and Equity Securities [Abstract]
Beginning balance	$ 2.7	$ 0.7	$ 0
Increases attributable to credit losses on securities:
Other-than-temporary impairment was previously recognized	0	0.1	0
Other-than-temporary impairment was not previously recognized	0	1.9	0.7
Ending balance	$ 2.7	$ 2.7	$ 0.7

Investments - Portfolio of Asset-Backed Loans and Other Invested Assets (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Asset-backed loans, by major industry:
Total asset-based loans	$ 565.6	$ 181.5
Less: Allowance for credit losses	5.2	1.4
Total asset-based loans, net	560.4	180.1
Wholesale
Asset-backed loans, by major industry:
Total asset-based loans	56.8	77.2
Apparel
Asset-backed loans, by major industry:
Total asset-based loans	252.9	70.1
Jewelry
Asset-backed loans, by major industry:
Total asset-based loans	125.8	27.9
Other
Asset-backed loans, by major industry:
Total asset-based loans	$ 130.1	$ 6.3

Investments - Schedule of Allowance for Credit Losses (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Allowance for Credit Losses on Asset Backed Securities [Roll Forward]
Balance at beginning of year	$ 1.4
Provision for credit losses	3.8	1.4
Charge-offs
Recoveries
Balance at end of year	$ 5.2	$ 1.4

Investments - Net Investment Income (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Schedule of Investments [Line Items]
Gross investment income	$ 751.5	$ 734.4	$ 376.9
External investment expense	(16.8)	(11.7)	(7.1)
Net investment income	734.7	722.7	369.8
Fixed maturity available-for-sale securities
Schedule of Investments [Line Items]
Gross investment income		707.1	364.8
Equity available-for-sale securities
Schedule of Investments [Line Items]
Gross investment income	14.8	14.0	10.2
Policy loans
Schedule of Investments [Line Items]
Gross investment income	0.8	0.7	1.5
Invested cash and short-term investments
Schedule of Investments [Line Items]
Gross investment income	1.4	4.9	0.1
Other investments
Schedule of Investments [Line Items]
Gross investment income	$ 48.3	$ 7.7	$ 0.3

Investments - Net Investment Gains (Losses) (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Investments, Debt and Equity Securities [Abstract]
Net realized gains before other-than-temporary impairments	$ 332.9	$ 287.2	$ 34.9
Gross other-than-temporary impairments	(2.9)	(24.3)	(17.5)
Non-credit portion of other-than-temporary impairments included in other comprehensive income		1.5	(0.5)
Net realized gains on fixed maturity available-for-sale securities	330.0	264.4	16.9
Realized gains on equity securities	12.6	0.9	(10.9)
Net realized gains on securities	342.6	265.3	6.0
Realized gains (losses) on certain derivative instruments	20.5	(10.3)	(44.8)
Unrealized gains on certain derivative instruments	148.6	156.3	(126.0)
Change in fair value of derivatives	169.1	146.0	(170.8)
Realized gains on other invested assets	(0.1)	(1.3)	(2.1)
Net investment gains (losses)	$ 511.6	$ 410.0	$ (166.9)

Investments - Cash Flows from Consolidated Investing Activities by Security (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Gain (Loss) on Investments [Line Items]
Proceeds from investments sold, matured or repaid	$ 9,432.2	$ 6,206.7	$ 1,699.9
Cost of investments acquired	(8,940.8)	(5,972.7)	(1,809.0)
Available-for-sale Securities
Gain (Loss) on Investments [Line Items]
Proceeds from investments sold, matured or repaid		5,833.4	1,482.2
Cost of investments acquired	(8,757.5)	(5,640.1)	(1,286.0)
Held-to-maturity Securities
Gain (Loss) on Investments [Line Items]
Proceeds from investments sold, matured or repaid		109.6	101.8
Cost of investments acquired		(68.7)	(123.4)
Trading (acquired for holding)
Gain (Loss) on Investments [Line Items]
Proceeds from investments sold, matured or repaid	92.9	106.1	29.5
Cost of investments acquired	(20.8)	(122.3)	(332.7)
Derivative and other
Gain (Loss) on Investments [Line Items]
Proceeds from investments sold, matured or repaid	352.4	157.6	86.4
Cost of investments acquired	(162.5)	(141.6)	(66.9)
Net Investment Income
Gain (Loss) on Investments [Line Items]
Available For Sale Securities On Fixed Maturity Under Commitment Agreement	$ 8,986.9	$ 4,603.0	$ 1,804.0

Derivative Financial Instruments - Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013 Call options	Sep. 30, 2012 Call options	Sep. 30, 2013 Derivatives designated as hedging instruments	Sep. 30, 2012 Derivatives designated as hedging instruments	Sep. 30, 2013 Derivatives designated as hedging instruments Commodity swap and option agreements Receivables, net	Sep. 30, 2012 Derivatives designated as hedging instruments Commodity swap and option agreements Receivables, net	Sep. 30, 2013 Derivatives designated as hedging instruments Commodity swap and option agreements Other assets	Sep. 30, 2012 Derivatives designated as hedging instruments Commodity swap and option agreements Other assets	Sep. 30, 2013 Derivatives designated as hedging instruments Foreign exchange forward agreements Receivables, net	Sep. 30, 2012 Derivatives designated as hedging instruments Foreign exchange forward agreements Receivables, net	Sep. 30, 2013 Derivatives designated as hedging instruments Foreign exchange forward agreements Accounts payable and other current liabilities	Sep. 30, 2012 Derivatives designated as hedging instruments Foreign exchange forward agreements Accounts payable and other current liabilities	Jun. 30, 2013 Derivatives designated as hedging instruments Foreign exchange contracts Other liabilities	Sep. 30, 2012 Derivatives designated as hedging instruments Foreign exchange contracts Other liabilities	Sep. 30, 2013 Derivatives designated as hedging instruments Commodity contracts Accounts payable and other current liabilities	Sep. 30, 2012 Derivatives designated as hedging instruments Commodity contracts Accounts payable and other current liabilities	Sep. 30, 2013 Derivatives not designated as hedging instrument	Sep. 30, 2012 Derivatives not designated as hedging instrument	Sep. 30, 2013 Derivatives not designated as hedging instrument Equity conversion feature of preferred stock	Sep. 30, 2012 Derivatives not designated as hedging instrument Equity conversion feature of preferred stock	Sep. 30, 2013 Derivatives not designated as hedging instrument Foreign exchange forward agreements Accounts payable and other current liabilities	Sep. 30, 2012 Derivatives not designated as hedging instrument Foreign exchange forward agreements Accounts payable and other current liabilities	Sep. 30, 2013 Derivatives not designated as hedging instrument Foreign exchange forward agreements Other liabilities	Sep. 30, 2012 Derivatives not designated as hedging instrument Foreign exchange forward agreements Other liabilities	Sep. 30, 2013 Derivatives not designated as hedging instrument Foreign exchange contracts Receivables, net	Sep. 30, 2012 Derivatives not designated as hedging instrument Foreign exchange contracts Receivables, net	Sep. 30, 2013 Derivatives not designated as hedging instrument Commodity contracts Receivables, net	Sep. 30, 2012 Derivatives not designated as hedging instrument Commodity contracts Receivables, net	Sep. 30, 2013 Derivatives not designated as hedging instrument Commodity contracts Other liabilities	Sep. 30, 2012 Derivatives not designated as hedging instrument Commodity contracts Other liabilities	Sep. 30, 2013 Derivatives not designated as hedging instrument Call options Derivatives	Sep. 30, 2012 Derivatives not designated as hedging instrument Call options Derivatives	Sep. 30, 2013 Derivatives not designated as hedging instrument FIA embedded derivatives	Sep. 30, 2013 Derivatives not designated as hedging instrument FIA embedded derivatives Contractholder funds	Sep. 30, 2012 Derivatives not designated as hedging instrument FIA embedded derivatives Contractholder funds	Sep. 30, 2013 Derivatives not designated as hedging instrument Futures contracts Other liabilities	Sep. 30, 2012 Derivatives not designated as hedging instrument Futures contracts Other liabilities
Derivatives, Fair Value [Line Items]
Total asset derivatives	$ 221.8	$ 200.7	$ 221.8	$ 200.7	$ 2.1	$ 3.2	$ 0.4	$ 1.0	$ 0	$ 1.0	$ 1.7	$ 1.2							$ 227.7	$ 203.9							$ 0.1	$ 0	$ 3.7	$ 0			$ 221.8	$ 200.7
Total liability derivatives					$ 5.2	$ 3.1							$ 4.6	$ 3.1	$ 0.1	$ 0	$ 0.5	$ 0	$ 1,888.6	$ 1,793.7	$ 330.8	$ 232.0	$ 0	$ 2.9	$ 5.3	$ 4.0					$ 1.9	$ 0			$ (45.3)	$ 1,544.4	$ 1,550.8	$ 1.0	$ 0.9

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

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Derivative Instruments, Gain (Loss) [Line Items]

Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)

$ (2.0)

$ (1.8)

$ (6.0)

Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)

0.9

(3.1)

(13.2)

Amount of Gain ( Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)

0.1

(0.3)

Consumer products cost of goods sold | Commodity contracts

Derivative Instruments, Gain (Loss) [Line Items]

Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)

(2.6)

1.6

(1.7)

Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)

(0.6)

(1.1)

2.6

Amount of Gain ( Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)

0.1

(0.1)

Consumer products cost of goods sold | Foreign exchange contracts

Derivative Instruments, Gain (Loss) [Line Items]

Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)

(0.3)

(3.5)

(3.7)

Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)

0.6

(0.6)

(12.4)

Amount of Gain ( Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)

Interest expense | Interest rate contracts

Derivative Instruments, Gain (Loss) [Line Items]

Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)

(0.1)

Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)

(0.9)

(3.3)

Amount of Gain ( Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)

(0.2)

^[1]

Net consumer products sales | Foreign exchange contracts

Derivative Instruments, Gain (Loss) [Line Items]

Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)

0.9

0.1

(0.5)

Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)

0.9

(0.5)

(0.1)

Amount of Gain ( Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)

$ 0

[1]	Reclassified from AOCI associated with the prepayment of portions of Spectrum Brands’ senior credit facility (see Note 16).

Derivative Financial Instruments - Summary of Gain (Loss) Recognized in Income on Derivatives (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	$ 56.1	$ 150.2	$ (218.0)
Equity conversion feature of preferred stock \| Gain from the change in the fair value of the equity conversion feature of preferred stock
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	(101.6)	(156.6)	27.9
Commodity contracts \| Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	(1.3)	0	0
Bronze Commodity Contract \| Consumer products cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	(0.1)	0	0
Foreign exchange contracts \| Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	(3.6)	5.9	(5.1)
Call options \| Net investment gains
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	151.6	100.0	(142.7)
Futures contracts \| Net investment gains
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	17.5	46.0	(28.1)
Available-for-sale embedded derivatives \| Net Investment Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	0	0.4	0
FIA embedded derivatives \| Benefits and other changes in policy reserves
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Recognized in Income on Derivatives	$ (6.4)	$ 154.5	$ (70.0)

Derivative Financial Instruments - Additional Information (Detail) (USD $)	12 Months Ended										12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2013 Futures contracts Contract	Sep. 30, 2012 Futures contracts Contract	Feb. 14, 2013 Swap Natural Gas Commodity Contract MMBTU	Sep. 30, 2013 Spectrum Brands	Sep. 30, 2012 Spectrum Brands	Sep. 30, 2013 Spectrum Brands Standby Letters of Credit	Sep. 30, 2012 Spectrum Brands Standby Letters of Credit	Sep. 30, 2013 Spectrum Brands Zinc Commodity Swap Contract T	Sep. 30, 2012 Spectrum Brands Zinc Commodity Swap Contract T	Sep. 30, 2013 Spectrum Brands Brass Commodity Contract T	Sep. 30, 2013 Spectrum Brands Silver Commodity Swap Contract ozt	Sep. 30, 2012 Spectrum Brands Commodity contracts	Sep. 30, 2013 Spectrum Brands Foreign exchange contracts	Sep. 30, 2012 Spectrum Brands Foreign exchange contracts	Sep. 30, 2013 Remainder of 2013 Swap Natural Gas Commodity Contract	Sep. 30, 2013 Remainder of 2013 Swap Oil Commodity Contract	Feb. 14, 2013 Remainder of 2013 Swap Oil Commodity Contract MBbls	Sep. 30, 2013 2014 Swap Natural Gas Commodity Contract	Sep. 30, 2013 2014 Swap Oil Commodity Contract
Derivative Financial Instruments [Line Items]
Contract value											$ 16,200,000	$ 29,200,000	$ 7,400,000	$ 1,000,000		$ 255,900,000	$ 202,500,000
Derivative net loss/gain															900,000	(1,400,000)	(800,000)
Derivative net loss/gain, net of tax benefit/expense															(300,000)	600,000	(600,000)
Derivative net loss/gain, non-controlling interest															700,000	900,000	600,000
Estimated amount of derivative net losses/gains to be reclassified from AOCI into earnings over the next twelve months	900,000	(3,100,000)	(13,200,000)													1,300,000
Derivative, Notional Amount	6,407,400,000	5,830,400,000					108,500,000	172,600,000
Weight of raw materials under derivative contract											8	15	1	45
Derivative, mitigating price volatility, natural gas covered						13,365,300,000
Derivative, mitigating price volatility, oil covered																				408,000
Derivative, average forward price																		102.05	3.64		96.31	3.86
Percentage of production volume covered by derivative financial instruments	74.00%
Credit risk derivative assets, at fair value								100,000
Cash collateral				5,900,000	9,800,000		500,000	100,000
Credit Derivative, Maximum Exposure, Undiscounted	149,800,000	200,700,000
Standby letters of credit									$ 0	$ 0
Number of instruments held				1,693	2,835
Call Option Purchased, 1 Year	1 year
Call Option Purchased, 2 Year	2 years
Call Option Purchased, 3 Year	3 years

Derivative Financial Instruments - Oil and Gas Commodity Contracts (Details) (Swap, USD $) In Millions, unless otherwise specified	Sep. 30, 2013
Derivative [Line Items]
September 30, 2013	$ 1.9
Natural Gas Commodity Contract
Derivative [Line Items]
Natural Gas, Volume	16,018.0
September 30, 2013	3.6
Natural Gas Commodity Contract \| Remainder of 2013
Derivative [Line Items]
Natural Gas, Volume	5,141.0
Weighted average strike price per Mmbtu/Bbl	3.72
September 30, 2013	0.6
Natural Gas Commodity Contract \| 2014
Derivative [Line Items]
Natural Gas, Volume	10,877.0
Weighted average strike price per Mmbtu/Bbl	4.14
September 30, 2013	3.0
Oil Commodity Contract
Derivative [Line Items]
September 30, 2013	(1.7)
Derivative, Commodity Contract, Oil Volume	375,000.0
Oil Commodity Contract \| Remainder of 2013
Derivative [Line Items]
Weighted average strike price per Mmbtu/Bbl	94.05
September 30, 2013	(0.8)
Derivative, Commodity Contract, Oil Volume	103,000.0
Oil Commodity Contract \| 2014
Derivative [Line Items]
Weighted average strike price per Mmbtu/Bbl	91.87
September 30, 2013	$ (0.9)
Derivative, Commodity Contract, Oil Volume	272,000.0

Derivative Financial Instruments - FGL's Exposure to Credit Loss on Call Options Held (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Derivatives, Fair Value [Line Items]
Notional Amount	$ 6,407.4	$ 5,830.4
Fair Value	221.8	200.7
Bank of America
Derivatives, Fair Value [Line Items]
Credit Rating (Moody's/S&P)	NA/A
Notional Amount	2,037.8	1,884.0
Deutsche Bank
Derivatives, Fair Value [Line Items]
Credit Rating (Moody's/S&P)	A2/A
Notional Amount	1,620.4	1,816.5
Morgan Stanley
Derivatives, Fair Value [Line Items]
Credit Rating (Moody's/S&P)	Baa1/A
Notional Amount	2,264.1	1,634.7
Royal Bank of Scotland
Derivatives, Fair Value [Line Items]
Credit Rating (Moody's/S&P)	A3/A
Notional Amount	364.3	353.9
Barclay's Bank
Derivatives, Fair Value [Line Items]
Credit Rating (Moody's/S&P)	A2/A
Notional Amount	120.8	131.3
Credit Suisse
Derivatives, Fair Value [Line Items]
Credit Rating (Moody's/S&P)	A2/A-
Notional Amount	0	10.0
Call options
Derivatives, Fair Value [Line Items]
Fair Value	221.8	200.7
Collateral	72.0	0
Net Credit Risk	149.8	200.7
Derivatives not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Fair Value	227.7	203.9
Derivatives \| Derivatives not designated as hedging instrument \| Call options
Derivatives, Fair Value [Line Items]
Fair Value	221.8	200.7
Derivatives \| Derivatives not designated as hedging instrument \| Call options \| Bank of America
Derivatives, Fair Value [Line Items]
Fair Value	70.7	64.1
Collateral	0	0
Net Credit Risk	70.7	64.1
Derivatives \| Derivatives not designated as hedging instrument \| Call options \| Deutsche Bank
Derivatives, Fair Value [Line Items]
Fair Value	51.7	61.7
Collateral	23.0	0
Net Credit Risk	28.7	61.7
Derivatives \| Derivatives not designated as hedging instrument \| Call options \| Morgan Stanley
Derivatives, Fair Value [Line Items]
Fair Value	75.7	51.6
Collateral	49.0	0
Net Credit Risk	26.7	51.6
Derivatives \| Derivatives not designated as hedging instrument \| Call options \| Royal Bank of Scotland
Derivatives, Fair Value [Line Items]
Fair Value	20.3	19.6
Collateral	0	0
Net Credit Risk	20.3	19.6
Derivatives \| Derivatives not designated as hedging instrument \| Call options \| Barclay's Bank
Derivatives, Fair Value [Line Items]
Fair Value	3.4	3.1
Collateral	0	0
Net Credit Risk	3.4	3.1
Derivatives \| Derivatives not designated as hedging instrument \| Call options \| Credit Suisse
Derivatives, Fair Value [Line Items]
Fair Value	0	0.6
Collateral	0	0
Net Credit Risk	$ 0	$ 0.6

Securitizations and Variable Interest Entities (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013 Salus Capital Partners LLC	Feb. 14, 2013 Salus Capital Partners LLC	Sep. 30, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary	Sep. 23, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary	Feb. 28, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary	Sep. 30, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary Unaffiliated long-term debt of consolidated variable-interest entity
Variable Interest Entity [Line Items]
Asset-based loans	$ 560.4	$ 180.1	$ 167.0	$ 331.1	$ 331.1	$ 300.0	$ 175.5
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement				182.9	181.8
Net Discount on Loans Securitized or Asset-backed Financing Arrangement								1.1
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable, Portion Sellers Interest					302.1
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount					337.8
Variable Interest Entity, Consolidated, Carrying Amount, Asset-Backed Loans Receivable					337.8
Variable Interest Entity, Consolidated, Carrying Amount, Other Assets					156.7
Variable Interest Entity, Consolidated, Carrying Amount, Assets					494.5
VIE, consolidated carrying amount obligations					485.0
Variable Interest Entity, Consolidated, Carrying Amount, Other Liabilities					2.9
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities					$ 487.9

Equity-method investments (Details) (HGI Energy Holdings, LLC, EXCO/HGI Partnership and the General Partner, USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013
HGI Energy Holdings, LLC \| EXCO/HGI Partnership and the General Partner
Assets
Total current assets	$ 54.4
Oil and natural gas properties, net	741.5
Other assets	32.7
Total assets	828.6
Liabilities and members' equity
Total current liabilities	44.9
Total long-term liabilities	397.3
Total members' equity	386.4
Total liabilities and members' equity	828.6
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Revenues	121.1
Costs and Expenses
Oil and natural gas direct operating costs	59.0
Selling, acquisition, operating and general expenses	49.5
Impairment of proved oil and natural gas properties	72.8
Total costs and expenses	181.3
Operating income	(60.2)
Other expense	(8.0)
Net loss	$ (68.2)

Fair Value of Financial Instruments - Assets and Liabilities Carrying at Fair Value on Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2010

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

$ (53.0)

^[1]

$ (731.8)

^[2]

$ (17.7)

^[3]

Assets

1,899.7

1,470.7

1,137.4

256.9

221.8

200.7

Assets, Fair Value Disclosure

560.4

180.1

523.5

206.0

Equity conversion feature of preferred stock (Note 6 and Note 18)

330.8

232.0

Asset-backed securities

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

(10.5)

^[1]

(737.9)

^[2]

(14.6)

^[3]

Commercial mortgage-backed securities

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

^[1]

^[2]

Corporates

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

(33.8)

^[1]

18.9

^[2]

(0.1)

^[3]

Hybrids

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

(8.7)

^[1]

3.7

^[2]

(3.0)

^[3]

Assets, Fair Value Disclosure

10.7

Municipals

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

(10.3)

^[2]

Agency residential mortgage-backed securities

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

(3.3)

^[2]

Non-agency residential mortgage-backed securities

Fair Value Assets And Liabilities Measured On Nonrecurring Basis [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net

(2.9)

^[2]

Recurring | Fair Value

Assets

1,899.7

^[4],[5]

1,470.7

^[4],[5]

41.0

^[4]

41.0

^[4]

560.4

^[4]

180.1

^[4]

17,820.9

18,199.4

4,773.2

^[4],[6]

2,328.8

^[4],[5]

Equity conversion feature of preferred stock (Note 6 and Note 18)

330.8

^[4]

232.0

^[4]

Redeemable preferred stock, excluding equity conversion feature

377.1

^[4]

368.9

^[4]

Investment contracts, included in contractholder funds

12,378.6

^[4]

12,271.9

^[4]

1,888.6

1,793.7

Recurring | Fair Value | U.S. Government

1,001.8

^[4]

930.4

^[4]

Recurring | Fair Value | Asset-backed securities

1,523.1

^[4]

1,027.9

^[4]

Recurring | Fair Value | Commercial mortgage-backed securities

454.4

^[4]

553.8

^[4]

Recurring | Fair Value | Corporates

9,418.3

^[4]

11,009.0

^[4]

Recurring | Fair Value | Hybrids

428.8

^[4]

528.2

^[4]

Recurring | Fair Value | Municipals

1,007.0

^[4]

1,224.0

^[4]

Recurring | Fair Value | Agency residential mortgage-backed securities

98.6

^[4]

155.0

^[4]

Recurring | Fair Value | Non-agency residential mortgage-backed securities

1,368.0

^[4]

660.6

^[4]

Recurring | Fair Value | Foreign exchange forward agreements

1.8

^[4]

1.2

^[4]

10.0

^[4]

10.0

^[4]

Recurring | Fair Value | Commodity swap and option agreements

4.1

^[4]

2.0

^[4]

2.4

^[4]

Recurring | Fair Value | Call options and futures contracts

221.8

^[4]

200.7

^[4]

Recurring | Fair Value | Available-for-sale

271.0

^[4]

248.1

^[4]

Recurring | Fair Value | FIA embedded derivatives, included in contractholder funds

1,544.4

^[4]

1,550.8

^[4]

Recurring | Fair Value | Future contracts

1.0

^[4]

0.9

^[4]

Recurring | Carrying Amount

560.4

^[4]

180.1

^[4]

4,896.1

^[4],[6]

2,167.0

^[4],[5]

Redeemable preferred stock, excluding equity conversion feature

329.4

^[4]

319.2

^[4]

Investment contracts, included in contractholder funds

13,703.8

^[4]

13,739.6

^[4]

Recurring | Equity securities | Fair Value

81.5

^[4]

146.8

^[4]

Recurring | Fixed Maturities Securities | Fair Value

U.S. Treasuries and certificate of deposit, held-to-maturity

35.0

^[4]

Recurring | Fixed Maturities Securities | Carrying Amount

U.S. Treasuries and certificate of deposit, held-to-maturity

35.0

^[4]

Recurring | Policy loans | Fair Value

31.2

^[4]

18.8

^[4]

Recurring | Policy loans | Carrying Amount

31.2

^[4]

18.8

^[4]

Recurring | Level 1

Assets

1,899.7

^[4],[5]

1,468.4

^[4],[5]

^[4]

^[4]

2,761.4

^[4]

2,545.6

^[4],[6]

524.0

^[4],[5]

Equity conversion feature of preferred stock (Note 6 and Note 18)

^[4]

Redeemable preferred stock, excluding equity conversion feature

^[4]

Investment contracts, included in contractholder funds

^[4]

Recurring | Level 1 | U.S. Government

790.9

^[4]

930.4

^[4]

Recurring | Level 1 | Asset-backed securities

^[4]

Recurring | Level 1 | Commercial mortgage-backed securities

^[4]

Recurring | Level 1 | Corporates

^[4]

Recurring | Level 1 | Hybrids

^[4]

Recurring | Level 1 | Municipals

^[4]

Recurring | Level 1 | Agency residential mortgage-backed securities

^[4]

Recurring | Level 1 | Non-agency residential mortgage-backed securities

^[4]

Recurring | Level 1 | Foreign exchange forward agreements

^[4]

^[4]

Recurring | Level 1 | Commodity swap and option agreements

^[4]

^[4]

Recurring | Level 1 | Call options and futures contracts

^[4]

Recurring | Level 1 | Available-for-sale

^[4]

Recurring | Level 1 | FIA embedded derivatives, included in contractholder funds

^[4]

Recurring | Level 1 | Future contracts

^[4]

Recurring | Level 1 | Equity securities

70.8

^[4]

146.8

^[4]

Recurring | Level 1 | Fixed Maturities Securities

U.S. Treasuries and certificate of deposit, held-to-maturity

^[4]

Recurring | Level 1 | Policy loans

^[4]

Recurring | Level 2

Assets

^[4],[5]

2.3

^[4],[5]

^[4]

^[4]

14,536.0

^[4]

15,447.8

4,773.2

^[4],[6]

1,804.8

^[4],[5]

Equity conversion feature of preferred stock (Note 6 and Note 18)

^[4]

Redeemable preferred stock, excluding equity conversion feature

^[4]

Investment contracts, included in contractholder funds

^[4]

13.4

10.9

Recurring | Level 2 | U.S. Government

210.9

^[4]

Recurring | Level 2 | Asset-backed securities

1,518.1

^[4]

1,012.0

^[4]

Recurring | Level 2 | Commercial mortgage-backed securities

448.7

^[4]

548.8

^[4]

Recurring | Level 2 | Corporates

8,957.2

^[4]

10,873.7

^[4]

Recurring | Level 2 | Hybrids

428.8

^[4]

519.4

^[4]

Recurring | Level 2 | Municipals

1,007.0

^[4]

1,224.0

^[4]

Recurring | Level 2 | Agency residential mortgage-backed securities

98.6

^[4]

155.0

^[4]

Recurring | Level 2 | Non-agency residential mortgage-backed securities

1,368.0

^[4]

660.6

^[4]

Recurring | Level 2 | Foreign exchange forward agreements

1.8

^[4]

1.2

^[4]

10.0

^[4]

10.0

^[4]

Recurring | Level 2 | Commodity swap and option agreements

4.1

^[4]

2.0

^[4]

2.4

^[4]

Recurring | Level 2 | Call options and futures contracts

221.8

^[4]

200.7

^[4]

Recurring | Level 2 | Available-for-sale

271.0

^[4]

248.1

^[4]

Recurring | Level 2 | FIA embedded derivatives, included in contractholder funds

^[4]

Recurring | Level 2 | Future contracts

1.0

^[4]

0.9

^[4]

Recurring | Level 2 | Equity securities

^[4]

Recurring | Level 2 | Fixed Maturities Securities

U.S. Treasuries and certificate of deposit, held-to-maturity

35.0

^[4]

Recurring | Level 2 | Policy loans

^[4]

Recurring | Level 3

Assets

^[4],[5]

41.0

^[4]

41.0

^[4]

560.4

^[4]

180.1

^[4]

523.5

206.0

^[4],[6]

^[4],[5]

Equity conversion feature of preferred stock (Note 6 and Note 18)

330.8

^[4]

232.0

^[4]

Redeemable preferred stock, excluding equity conversion feature

377.1

^[4]

368.9

^[4]

Investment contracts, included in contractholder funds

12,378.6

^[4]

12,271.9

^[4]

1,875.2

1,782.8

Recurring | Level 3 | U.S. Government

^[4]

Recurring | Level 3 | Asset-backed securities

5.0

^[4]

15.9

^[4]

Recurring | Level 3 | Commercial mortgage-backed securities

5.7

^[4]

5.0

^[4]

Recurring | Level 3 | Corporates

461.1

^[4]

135.3

^[4]

Recurring | Level 3 | Hybrids

^[4]

8.8

^[4]

Recurring | Level 3 | Municipals

^[4]

Recurring | Level 3 | Agency residential mortgage-backed securities

^[4]

Recurring | Level 3 | Non-agency residential mortgage-backed securities

^[4]

Recurring | Level 3 | Foreign exchange forward agreements

^[4]

^[4]

Recurring | Level 3 | Commodity swap and option agreements

^[4]

^[4]

Recurring | Level 3 | Call options and futures contracts

^[4]

Recurring | Level 3 | Available-for-sale

^[4]

Recurring | Level 3 | FIA embedded derivatives, included in contractholder funds

1,544.4

^[4]

1,550.8

^[4]

Recurring | Level 3 | Future contracts

^[4]

Recurring | Level 3 | Equity securities

10.7

^[4]

Recurring | Level 3 | Fixed Maturities Securities

U.S. Treasuries and certificate of deposit, held-to-maturity

^[4]

Recurring | Level 3 | Policy loans

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

$ 31.2

^[4]

$ 18.8

^[4]

[1]	The net transfers in and out of Level 3 during the year ended September 30, 2013 were exclusively to or from Level 2.
[2]	(a)The net transfers in and out of Level 3 during the year ended September 30, 2012 was exclusively to or from Level 2.
[3]	(a)The net transfers in and out of Level 3 during the year ended September 30, 2011 was exclusively to or from Level 2.
[4]	The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.
[5]	The fair values of cash equivalents and equity investments set forth above are generally based on quoted or observed market prices.
[6]	(a)The fair values of debt set forth above are generally based on quoted or observed market prices.

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	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	$ 523.5	$ 206.0
Liabilities
Liabilities, Fair Value Disclosure	1,875.2	1,782.8
Hybrids
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	10.7	0
Market pricing \| Corporates
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Market Pricing
Broker-quoted \| Asset-backed securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	5.0	15.9
Broker-quoted \| Commercial mortgage-backed securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	5.7	5.0
Broker-quoted \| Corporates
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Broker-quoted
Assets, Fair Value Disclosure	404.5	103.3
Broker-quoted \| Hybrids
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Broker-quoted
Market pricing \| Corporates
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	56.6	32.0
Market pricing \| Hybrids
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
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Assets, Fair Value Disclosure	41.0	41.0
Contingent purchase price reduction receivable \| Discounted cash flow
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Discounted cash flow
FIA embedded derivatives, included in contractholder funds
Liabilities
Liabilities, Fair Value Disclosure	1,544.4	1,550.8
FIA embedded derivatives, included in contractholder funds \| Discounted cash flow
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Discounted cash flow
Equity conversion feature of preferred stock
Liabilities
Liabilities, Fair Value Disclosure	$ 330.8	$ 232.0
Equity conversion feature of preferred stock \| Monte Carlo simulation / Option model
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation Technique	Monte Carlo simulation / Option model
Minimum \| Asset-backed securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Offered quotes	100.00%	100.00%
Minimum \| Corporates
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Quoted prices	0.00%	0.00%
Offered quotes	90.00%	88.00%
Minimum \| Hybrids
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Quoted prices		0.00%
Minimum \| Contingent purchase price reduction receivable
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Probability of collection	88.00%	88.00%
Minimum \| FIA embedded derivatives, included in contractholder funds
Liabilities
Market value of option	0.00%	0.00%
SWAP rates	2.00%	0.76%
Surrender rates	0.50%	2.00%
Non-performance spread	0.25%	0.25%
Minimum \| Equity conversion feature of preferred stock
Liabilities
Annualized volatility of equity
Discount yield		12.00%
Calibration adjustment	0.00%	10.00%
Maximum \| Asset-backed securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Offered quotes	107.00%	110.00%
Maximum \| Commercial mortgage-backed securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Offered quotes		101.00%
Maximum \| Corporates
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Quoted prices	131.00%	141.00%
Offered quotes	113.00%	158.00%
Maximum \| Hybrids
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Quoted prices		103.00%
Maximum \| Contingent purchase price reduction receivable
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	1.00%	0.72%
Credit insurance risk premium	11.00%	12.00%
Maximum \| FIA embedded derivatives, included in contractholder funds
Liabilities
Market value of option	38.00%	31.00%
SWAP rates	3.00%	2.00%
Mortality multiplier
Surrender rates	75.00%	50.00%
Non-performance spread	0.25%	0.25%
Maximum \| Equity conversion feature of preferred stock
Liabilities
Discount yield		13.00%
Non-cash accretion rate	0.00%	0.00%
Calibration adjustment	1.00%	13.00%
Weighted average
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Risk-free discount factor	0.999
Risk-adjusted discount factor	0.995
Upward movement factor (Mu)	1.1
Downward movement (Md)	0.9
Probability of upward movement (Pu)	48.60%
Probability of downward movement (Pd)	51.40%
Weighted average \| Asset-backed securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Offered quotes	101.00%	103.00%
Weighted average \| Commercial mortgage-backed securities
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Offered quotes	96.00%
Weighted average \| Corporates
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Quoted prices	90.00%	69.00%
Offered quotes	97.00%	98.00%
Weighted average \| Hybrids
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Quoted prices		25.00%
Offered quotes	25.00%
Weighted average \| Contingent purchase price reduction receivable
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Probability of collection	92.00%	92.00%
Weighted average \| FIA embedded derivatives, included in contractholder funds
Liabilities
Market value of option	4.00%	4.00%
SWAP rates	2.00%	1.00%
Mortality multiplier	80.00%	70.00%
Surrender rates	7.00%	7.00%
Non-performance spread	0.25%	0.25%
Weighted average \| Equity conversion feature of preferred stock
Liabilities
Annualized volatility of equity	42.00%	41.00%
Discount yield	11.00%	12.00%
Calibration adjustment	0.30%	11.00%

Fair Value of Financial Instruments - Additional Information (Detail) (USD $)

7 Months Ended

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Jul. 31, 2012

Impairment of unproved oil and natural gas properties

$ 10,300,000

Impairment of proved oil and natural gas properties

54,300,000

Percentage of female contractholder

50.00%

Percentage of male contractholder

50.00%

Fair Value Assets, level 1 to level 2 transfers

Transfers, assets, level 2 to 1

(53,000,000)

^[1]

(731,800,000)

^[2]

(17,700,000)

^[3]

Transfers, liabilities, level 1 to 2

Transfers, liabilities, level 2 to 1

Net transfer level 3

30,900,000

^[2]

Fair Value, Measurements, Nonrecurring

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair value of proved oil and gas properties

515,900,000

Fair value of unproved oil and gas properties

36,500,000

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

79,300,000

Asset-backed and Hybrid Securities

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value Assets, unobservable inputs, transfers out of level 3

53,000,000

Corporate and Non-Agency Residential Mortgage-Backed Securities

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value Assets, unobservable inputs, transfers out of level 3

$ (731,800,000)

[1]	The net transfers in and out of Level 3 during the year ended September 30, 2013 were exclusively to or from Level 2.
[2]	(a)The net transfers in and out of Level 3 during the year ended September 30, 2012 was exclusively to or from Level 2.
[3]	(a)The net transfers in and out of Level 3 during the year ended September 30, 2011 was exclusively to or from Level 2.

Fair Value of Financial Instruments - Changes in Fair Value of Financial Instruments (Detail) (USD $)

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Jul. 31, 2012

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Fair Value Assets, level 1 to level 2 transfers

$ 0

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

206,000,000

546,500,000

627,700,000

(100,000)

40,900,000

4,400,000

(14,000,000)

3,800,000

6,500,000

428,200,000

427,200,000

12,400,000

(20,300,000)

(27,300,000)

(64,600,000)

(23,300,000)

(53,300,000)

(22,200,000)

(53,000,000)

^[1]

(731,800,000)

^[2]

(17,700,000)

^[3]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

523,500,000

206,000,000

546,500,000

1,782,800,000

1,472,100,000

1,466,700,000

95,200,000

310,700,000

(97,900,000)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases

(2,800,000)

^[1]

^[2]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3

1,875,200,000

1,782,800,000

1,472,100,000

30,900,000

^[2]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, (Sales), Issuances, (Settlements)

103,300,000

FIA embedded derivatives, included in contractholder funds

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

1,550,800,000

1,396,300,000

1,466,300,000

(6,400,000)

154,500,000

(70,000,000)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases

^[1]

^[2]

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

1,544,400,000

1,550,800,000

1,396,300,000

Equity conversion feature of preferred stock

232,000,000

75,400,000

101,600,000

156,600,000

(27,900,000)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases

(2,800,000)

^[1]

^[2]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, (Sales), Issuances, (Settlements)

330,800,000

232,000,000

75,400,000

103,300,000

Available-for-sale embedded derivatives

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

400,000

(400,000)

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases

^[2]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

400,000

Asset-backed securities

15,900,000

374,500,000

400,000,000

(200,000)

7,400,000

800,000

410,700,000

2,000,000

(200,000)

(38,800,000)

(13,700,000)

(10,500,000)

^[1]

(737,900,000)

^[2]

(14,600,000)

^[3]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

5,000,000

15,900,000

374,500,000

Commercial mortgage-backed securities

5,000,000

(300,000)

1,000,000

5,000,000

^[1]

^[2]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

5,700,000

5,000,000

Corporates

135,300,000

159,700,000

197,600,000

(300,000)

2,000,000

(13,400,000)

(3,600,000)

5,400,000

406,000,000

1,300,000

10,400,000

(9,600,000)

(26,800,000)

(48,900,000)

(23,100,000)

(14,200,000)

(6,700,000)

(33,800,000)

^[1]

18,900,000

^[2]

(100,000)

^[3]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

461,100,000

135,300,000

159,700,000

Hybrids

8,800,000

5,200,000

8,300,000

(100,000)

(8,700,000)

^[1]

3,700,000

^[2]

(3,000,000)

^[3]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

8,800,000

5,200,000

Municipals

100,000

10,200,000

(10,300,000)

^[2]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Residential Mortgage Backed Securities

3,300,000

(3,300,000)

^[2]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Non-agency residential mortgage-backed securities

3,800,000

18,500,000

(100,000)

2,400,000

400,000

(500,000)

(15,700,000)

(300,000)

(1,800,000)

(2,900,000)

^[2]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

3,800,000

Equity Securities Classified As Held For Trading

10,700,000

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

10,700,000

Equity securities available-for-sale

200,000

10,500,000

(10,700,000)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Residential Mortgage Backed Securities

3,300,000

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

3,300,000

Contingent purchase price reduction receivable

41,000,000

41,000,000

^[1]

^[2]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

$ 41,000,000

[1]	The net transfers in and out of Level 3 during the year ended September 30, 2013 were exclusively to or from Level 2.
[2]	(a)The net transfers in and out of Level 3 during the year ended September 30, 2012 was exclusively to or from Level 2.
[3]	(a)The net transfers in and out of Level 3 during the year ended September 30, 2011 was exclusively to or from Level 2.

Fair Value of Financial Instruments - Financial Assets and Liabilities Not Measured at Fair Value (Details) (USD $)
In Millions, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

$ 560.4

$ 180.1

Fair Value, Measurements, Recurring | Fair Value

560.4

^[1]

180.1

^[1]

591.6

233.9

Investment contracts, included in contractholder funds

4,773.2

^[1],[2]

2,328.8

^[1],[3]

12,378.6

^[1]

12,271.9

^[1]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

17,528.9

14,969.6

Fair Value, Measurements, Recurring | Carrying Amount

560.4

^[1]

180.1

^[1]

591.6

233.9

Investment contracts, included in contractholder funds

4,896.1

^[1],[2]

2,167.0

^[1],[3]

13,703.8

^[1]

13,739.6

^[1]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

18,929.3

16,225.8

Fair Value, Measurements, Recurring | Level 1

^[1]

Investment contracts, included in contractholder funds

^[1],[2]

524.0

^[1],[3]

^[1]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

524.0

Fair Value, Measurements, Recurring | Level 2

^[1]

35.0

Investment contracts, included in contractholder funds

4,773.2

^[1],[2]

1,804.8

^[1],[3]

^[1]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

4,773.2

1,804.8

Fair Value, Measurements, Recurring | Level 3

560.4

^[1]

180.1

^[1]

591.6

198.9

Investment contracts, included in contractholder funds

^[1],[2]

^[1],[3]

12,378.6

^[1]

12,271.9

^[1]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

12,755.7

12,640.8

Fair Value, Measurements, Recurring | Total fixed maturities | Fair Value

U.S. Treasuries and certificate of deposit, held-to-maturity

35.0

^[1]

Fair Value, Measurements, Recurring | Total fixed maturities | Carrying Amount

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

U.S. Treasuries and certificate of deposit, held-to-maturity

35.0

^[1]

Fair Value, Measurements, Recurring | Total fixed maturities | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

U.S. Treasuries and certificate of deposit, held-to-maturity

^[1]

Fair Value, Measurements, Recurring | Total fixed maturities | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

U.S. Treasuries and certificate of deposit, held-to-maturity

35.0

^[1]

Fair Value, Measurements, Recurring | Total fixed maturities | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

U.S. Treasuries and certificate of deposit, held-to-maturity

^[1]

Fair Value, Measurements, Recurring | Policy loans | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

31.2

^[1]

18.8

^[1]

Fair Value, Measurements, Recurring | Policy loans | Carrying Amount

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

31.2

^[1]

18.8

^[1]

Fair Value, Measurements, Recurring | Policy loans | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

^[1]

Fair Value, Measurements, Recurring | Policy loans | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

^[1]

Fair Value, Measurements, Recurring | Policy loans | Level 3

$ 31.2

^[1]

$ 18.8

^[1]

[1]	The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.
[2]	(a)The fair values of debt set forth above are generally based on quoted or observed market prices.
[3]	The fair values of cash equivalents and equity investments set forth above are generally based on quoted or observed market prices.

Receivables, net - Schedule of Receivables (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 535.4	$ 357.2
Less: Allowance for doubtful trade accounts receivable	37.4	21.9	14.1	4.3
Total trade accounts receivable, net	498.0	335.3
Contingent purchase price reduction receivable (Note 4)	41.0	41.0
Other receivables	72.3	38.1
Total receivables, net	611.3	414.4
Consumer Products Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	518.7	357.2
Total receivables, net	546.9	373.4
Energy Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	16.7	0
Total receivables, net	$ 22.2

Receivables, net - Summary of Analysis of Allowance for Doubtful Trade Accounts Receivables (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at Beginning of Period	$ 21.9	$ 14.1	$ 4.3
Charged to Costs and Expenses	15.5	7.8	9.8
Deductions	0	0	0
Other Adjustments	0	0	0
Balance at End of Period	$ 37.4	$ 21.9	$ 14.1

Inventories, net (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Components of Inventory [Abstract]
Raw materials	$ 97.3	$ 58.5
Work-in-process	40.6	23.4
Finished goods	495.0	370.7
Total inventories, net	$ 632.9	$ 452.6

Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

+ References+ Details

Properties, including oil and gas properties, net (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended											1 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2013 Land, buildings and improvements	Sep. 30, 2012 Land, buildings and improvements	Sep. 30, 2013 Gas gathering assets	Sep. 30, 2012 Gas gathering assets	Sep. 30, 2013 Machinery, equipment and other	Sep. 30, 2012 Machinery, equipment and other	Sep. 30, 2013 Construction in progress	Sep. 30, 2012 Construction in progress	Sep. 30, 2013 EXCO/HGI JV
Property, Plant and Equipment [Line Items]
Unproved oil and natural gas properties and development costs not being amortized	$ 36.4	$ 0
Proved developed and undeveloped oil and natural gas properties	546.0	0
Less: Accumulated depletion	(30.1)	0
Total oil and natural gas properties, net	552.3	0
Land, buildings and improvements	726.0	437.7		169.8	93.6	21.1	0	488.3	325.7	46.8	18.4
Less: Accumulated depreciation	285.0	216.1
Total other properties, net	441.0	221.6
Total properties, including oil and natural gas properties, net	993.3	221.6
Impairment of oil and natural gas properties	$ 54.3	$ 0	$ 0									$ 54.3

Goodwill and Intangibles, including DAC and VOBA, net - 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	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Intangible Assets, Including Goodwill [Roll Forward]
Beginning Balance, Goodwill	$ 694.2	$ 610.3
Beginning Balance, Indefinite Lived Intangible Assets	841.1	826.8
Beginning Balance, Finite Lived Intangible Assets	873.9
Beginning Balance, Intangible Assets, Excluding Goodwill	1,988.5	2,141.1
Acquisitions (Note 3), Goodwill	786.6	85.9
Acquisitions (Note 3), Indefinite Lived Intangible Assets	331.0	22.0
Acquisitions (Note 13)	519.3	104.1
Deferrals	147.4	194.9
Less: Components of amortization:
Amortization of Intangible Assets	(260.1)	(224.3)	(46.6)
Adjustment for unrealized investment (gains), net, Goodwill	327.3	(217.9)
Effect of translation, Goodwill	(4.1)	(2.0)
Effect of translation, Indefinite Lived intangible assets	6.0	(4.2)
Effect of translation, Intangible Assets Excluding Goodwill	6.7	(9.3)
Ending Balance, Goodwill	1,476.7	694.2	610.3
Ending Balance, Indefinite Lived Intangible Assets	1,178.1	841.1	826.8
Ending Balance, Finite Lived Intangible Assets	985.1	873.9
Ending Balance, Intangible Assets, Excluding Goodwill	2,729.1	1,988.5	2,141.1
Periodic amortization
Less: Components of amortization:
Goodwill Amortization
Indefinite Lived Intangible Assets, Amortization
Amortization of Intangible Assets	(334.5)	(255.8)
Interest
Less: Components of amortization:
Goodwill Amortization
Indefinite Lived Intangible Assets, Amortization
Amortization of Intangible Assets	31.3	30.8
Unlocking
Less: Components of amortization:
Goodwill Amortization
Indefinite Lived Intangible Assets, Amortization
Amortization of Intangible Assets	43.1	0.6
Reclassifications
Less: Components of amortization:
Goodwill Amortization
Indefinite Lived Intangible Assets, Amortization		(3.5)
Amortization of Intangible Assets
Goodwill
Intangible Assets, Including Goodwill [Roll Forward]
Deferrals
Less: Components of amortization:
Adjustment for unrealized investment (gains), net, Goodwill
Definite Lived Intangible Assets
Intangible Assets, Including Goodwill [Roll Forward]
Beginning Balance, Finite Lived Intangible Assets	873.9	857.1
Acquisitions (Note 3), Finite-Lived Intangible Assets	188.3	82.1
Deferrals
Less: Components of amortization:
Amortization of Intangible Assets	(77.8)	(63.7)	(57.7)
Adjustment for unrealized investment (gains), net, Goodwill
Effect of translation, Finite Lived intangible assets	0.7	(5.1)
Ending Balance, Finite Lived Intangible Assets	985.1	873.9	857.1
Definite Lived Intangible Assets \| Periodic amortization
Less: Components of amortization:
Amortization of Intangible Assets	(77.8)	(63.7)
Definite Lived Intangible Assets \| Interest
Less: Components of amortization:
Amortization of Intangible Assets
Definite Lived Intangible Assets \| Unlocking
Less: Components of amortization:
Amortization of Intangible Assets
Definite Lived Intangible Assets \| Reclassifications
Less: Components of amortization:
Amortization of Intangible Assets		3.5
VOBA
Intangible Assets, Including Goodwill [Roll Forward]
Beginning Balance, Finite Lived Intangible Assets	104.3	419.1
Acquisitions (Note 3), Finite-Lived Intangible Assets
Deferrals
Less: Components of amortization:
Amortization of Intangible Assets	(137.0)	(145.5)	12.0
Adjustment for unrealized investment (gains), net, Goodwill	258.0	(169.3)
Effect of translation, Finite Lived intangible assets
Ending Balance, Finite Lived Intangible Assets	225.3	104.3	419.1
VOBA \| Periodic amortization
Less: Components of amortization:
Amortization of Intangible Assets	(194.6)	(171.9)
VOBA \| Interest
Less: Components of amortization:
Amortization of Intangible Assets	21.8	28.9
VOBA \| Unlocking
Less: Components of amortization:
Amortization of Intangible Assets	35.8	(2.5)
VOBA \| Reclassifications
Less: Components of amortization:
Amortization of Intangible Assets
DAC
Intangible Assets, Including Goodwill [Roll Forward]
Beginning Balance, Finite Lived Intangible Assets	169.2	38.1
Acquisitions (Note 3), Finite-Lived Intangible Assets
Deferrals	147.4	194.9
Less: Components of amortization:
Amortization of Intangible Assets	(45.3)	(15.2)	(0.9)
Adjustment for unrealized investment (gains), net, Goodwill	69.3	(48.6)
Effect of translation, Finite Lived intangible assets
Ending Balance, Finite Lived Intangible Assets	340.6	169.2	38.1
DAC \| Periodic amortization
Less: Components of amortization:
Amortization of Intangible Assets	(62.1)	(20.2)
DAC \| Interest
Less: Components of amortization:
Amortization of Intangible Assets	9.5	1.9
DAC \| Unlocking
Less: Components of amortization:
Amortization of Intangible Assets	7.3	3.1
DAC \| Reclassifications
Less: Components of amortization:
Amortization of Intangible Assets
Indefinite Lived Intangible Assets
Intangible Assets, Including Goodwill [Roll Forward]
Deferrals
Less: Components of amortization:
Adjustment for unrealized investment (gains), net, Goodwill

Goodwill and Intangibles, including DAC and VOBA, net - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization method	straight-line method
Amortization of intangibles	$ 260.1	$ 224.3	$ 46.6
2014	78.5
2015	78.5
2016	78.5
2017	78.5
2018	78.5
VOBA
Finite-Lived Intangible Assets [Line Items]
Cumulative adjustments for net unrealized investment gains	(81.4)	(339.4)
Amortization of intangibles	137.0	145.5	(12.0)
2014	47.1
2015	45.3
2016	39.6
2017	32.4
2018	26.4
DAC
Finite-Lived Intangible Assets [Line Items]
Cumulative adjustments for net unrealized investment gains	18.6	(50.7)
Amortization of intangibles	45.3	15.2	0.9
Deferred sales inducements, net of shadow adjustments	26.2	9.1
2014	29.8
2015	32.5
2016	31.7
2017	30.0
2018	$ 28.1
Minimum
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period	20 years
Weighted average \| VOBA
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period	4 years 9 months 18 days
Weighted average \| DAC
Finite-Lived Intangible Assets [Line Items]
Weighted average amortization period	6 years 8 months 12 days

Goodwill and Intangibles, including DAC and VOBA, net - Summary of Definite Lived Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified			12 Months Ended				12 Months Ended				12 Months Ended				12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013 Minimum	Sep. 30, 2013 Maximum	Sep. 30, 2013 Customer relationships	Sep. 30, 2012 Customer relationships	Sep. 30, 2013 Customer relationships Minimum	Sep. 30, 2013 Customer relationships Maximum	Sep. 30, 2013 Trade names	Sep. 30, 2012 Trade names	Sep. 30, 2013 Trade names Minimum	Sep. 30, 2013 Trade names Maximum	Sep. 30, 2013 Technology assets	Sep. 30, 2012 Technology assets	Sep. 30, 2013 Technology assets Minimum	Sep. 30, 2013 Technology assets Maximum
Finite-Lived Intangible Assets [Line Items]
Cost	$ 1,229.6	$ 1,038.0			$ 885.9	$ 796.2			$ 171.6	$ 150.8			$ 172.1	$ 91.0
Accumulated Amortization	(244.5)	(164.1)			(160.8)	(113.0)			(44.7)	(28.3)			(39.0)	(22.8)
Net	$ 985.1	$ 873.9			$ 725.1	$ 683.2			$ 126.9	$ 122.5			$ 133.1	$ 68.2
Amortizable Life			1 year	20 years			15 years	20 years			1 year	12 years			4 years	17 years

Goodwill and Intangibles, including DAC and VOBA, net - Summary of Amortization Expense of Definite Lived Intangible Assets (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 260.1	$ 224.3	$ 46.6
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	44.9	40.2	38.3
Trade names
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	16.6	14.4	12.6
Technology assets
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	16.3	9.1	6.8
Definite Lived Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 77.8	$ 63.7	$ 57.7

Goodwill and Intangibles, including DAC and VOBA, net - Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items]
2014	$ 78.5
2015	78.5
2016	78.5
2017	78.5
2018	78.5
VOBA
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items]
2014	47.1
2015	45.3
2016	39.6
2017	32.4
2018	26.4
2019 and thereafter	115.9
DAC
Schedule Of Amortization Expense And Weighted Average Lives Of Identified Intangible Assets [Line Items]
2014	29.8
2015	32.5
2016	31.7
2017	30.0
2018	28.1
2019 and thereafter	$ 169.9

Other Assets (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Other Assets [Abstract]
Prepaid expenses and other current assets	$ 75.9	$ 53.1
Debt issuance costs	100.9	50.9
Deferred charges and other assets	104.8	68.6
Total other assets	$ 281.6	$ 172.6

Accounts Payable and Other Current Liabilities (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Accounts Payable and Other Current Liabilities [Abstract]
Accounts payable	$ 530.3	$ 325.9
Accrued expenses and other	206.1	155.5
Wages and benefits	134.2	110.9
Income taxes payable	48.9	96.6
Accrued interest	53.4	50.4
Restructuring and related charges	16.7	6.6
Oil and natural gas revenues and royalties payable	14.9	0
Accrued dividends on Preferred Stock	8.2	8.3
Total accounts payable and other current liabilities	$ 1,012.7	$ 754.2

Debt - Summary of Debt (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013 6.625% Senior Notes, due November 15, 2022	Sep. 30, 2013 HGI	Sep. 30, 2012 HGI	Sep. 30, 2013 HGI 7.875% Senior Secured Notes, due July 15, 2019	Dec. 30, 2012 HGI 7.875% Senior Secured Notes, due July 15, 2019	Dec. 30, 2012 HGI 10.625% Senior Secured Notes, due November 15, 2015	Sep. 30, 2012 HGI 10.625% Senior Secured Notes, due November 15, 2015	Sep. 30, 2013 Spectrum Brands Term Loan Due December 17, 2019	Sep. 30, 2012 Spectrum Brands Term Loan Due December 17, 2019	Sep. 30, 2013 Spectrum Brands Term Loan Due September 4, 2019	Sep. 30, 2012 Spectrum Brands Term Loan Due September 4, 2019	Sep. 30, 2013 Spectrum Brands Term Loan Due September 4, 2022	Sep. 30, 2012 Spectrum Brands Term Loan Due September 4, 2022	Sep. 30, 2013 Spectrum Brands Former term loan facility	Dec. 30, 2012 Spectrum Brands Former term loan facility	Sep. 30, 2012 Spectrum Brands Former term loan facility	Sep. 30, 2013 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018	Sep. 03, 2013 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018	Aug. 19, 2013 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018	Sep. 30, 2012 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018	Nov. 30, 2011 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018	Sep. 30, 2013 Spectrum Brands 6.75% Senior Notes, due March 15, 2020	Sep. 30, 2012 Spectrum Brands 6.75% Senior Notes, due March 15, 2020	Mar. 31, 2012 Spectrum Brands 6.75% Senior Notes, due March 15, 2020	Sep. 30, 2013 Spectrum Brands 6.375% Senior Notes due 2020	Dec. 30, 2012 Spectrum Brands 6.375% Senior Notes due 2020	Sep. 30, 2012 Spectrum Brands 6.375% Senior Notes due 2020	Sep. 30, 2013 Spectrum Brands 6.625% Senior Notes, due November 15, 2022	Dec. 30, 2012 Spectrum Brands 6.625% Senior Notes, due November 15, 2022	Sep. 30, 2012 Spectrum Brands 6.625% Senior Notes, due November 15, 2022	Sep. 30, 2013 Spectrum Brands ABL Facility, expiring May 24, 2017	Sep. 30, 2012 Spectrum Brands ABL Facility, expiring May 24, 2017	Sep. 30, 2013 Spectrum Brands Other notes and obligations	Sep. 30, 2012 Spectrum Brands Other notes and obligations	Sep. 30, 2013 Spectrum Brands Capitalized lease obligations	Sep. 30, 2012 Spectrum Brands Capitalized lease obligations	Sep. 30, 2013 FGL 6.375% Senior Notes, Due April 1, 2021	Mar. 31, 2013 FGL 6.375% Senior Notes, Due April 1, 2021	Sep. 30, 2013 EXCO/HGI JV EXCO/HGI JV Credit Agreement, due February 14, 2018	Sep. 30, 2013 Salus Capital Partners LLC Unaffiliated long-term debt of consolidated variable-interest entity
Debt Instrument [Line Items]
Long-term debt	$ 4,909.7	$ 2,165.0		$ 924.2	$ 497.7	$ 925.0		$ 498.0	$ 500.0	$ 594.7	$ 0	$ 300.0	$ 0	$ 850.0	$ 0	$ 0	$ 370.2	$ 370.2	$ 0	$ 5.0	$ 893.1	$ 950.0		$ 300.0	$ 300.0		$ 520.0		$ 0	$ 570.0		$ 0	$ 0	$ 0	$ 28.5	$ 18.1	$ 67.4	$ 26.7	$ 300.0			$ 182.9
Line of cedit, amount outstanding
Long-term debt, interest rate			6.625%			7.875%	7.875%	10.625%	10.625%	4.70%	0.00%	3.60%	0.00%	3.00%	0.00%	0.00%		5.10%	0.00%			9.50%	9.50%	6.75%	6.75%	6.75%	6.375%	6.375%	0.00%	6.625%	6.625%	0.00%	5.70%	4.30%	8.50%	10.90%	6.20%	6.20%	6.375%	6.375%	2.70%	6.57%
Original issuance (discounts) premiums on debt, net	(13.6)	2.0
Total Debt	4,896.1	2,167.0
Less current maturities	102.9	16.4
Non-current portion of debt	$ 4,793.2	$ 2,150.6

The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized.

+ References+ Details

Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References+ Details

Debt - Scheduled Maturities of Debt and Capital Lease Payments (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Debt - Schedule of scheduled debt maturities and capital lease payments [Abstract]
2014	$ 102.9
2015	79.3
2016	77.7
2017	671.7
2018	283.1
Thereafter	3,695.0
Long-term Debt	$ 4,909.7	$ 2,165.0

+ References+ Details

Debt - Additional Information (Detail)			12 Months Ended					12 Months Ended			1 Months Ended	12 Months Ended		1 Months Ended					1 Months Ended	12 Months Ended													12 Months Ended	1 Months Ended		12 Months Ended					12 Months Ended			1 Months Ended			1 Months Ended	12 Months Ended					12 Months Ended				0 Months Ended															12 Months Ended		0 Months Ended
Debt - Additional Information (Detail)	Sep. 30, 2013 USD ($)	Sep. 30, 2012 USD ($)	Sep. 30, 2013 Minimum LIBOR EXCO/HGI Partnership Credit Agreement	Sep. 30, 2013 Minimum ABR EXCO/HGI Partnership Credit Agreement	Sep. 30, 2013 Maximum LIBOR EXCO/HGI Partnership Credit Agreement	Sep. 30, 2013 Maximum ABR EXCO/HGI Partnership Credit Agreement	Sep. 30, 2013 6.625% Notes	Sep. 30, 2013 HGI USD ($)	Sep. 30, 2012 HGI USD ($)	Sep. 30, 2011 HGI USD ($)	Dec. 30, 2012 HGI 10.625% Senior Secured Notes, due November 15, 2015 USD ($)	Sep. 30, 2013 HGI 10.625% Senior Secured Notes, due November 15, 2015 USD ($)	Sep. 30, 2012 HGI 10.625% Senior Secured Notes, due November 15, 2015 USD ($)	Dec. 30, 2012 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Sep. 30, 2013 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Jul. 23, 2013 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Sep. 30, 2012 HGI 7.875% Senior Secured Notes, due July 15, 2019 USD ($)	Sep. 30, 2013 HGI Seven Point Eight Seven Five Percent Senior Notes New Notes [Member] USD ($)	Dec. 30, 2012 Spectrum Brands ABL Facility, expiring May 24, 2017 USD ($)	Sep. 30, 2013 Spectrum Brands ABL Facility, expiring May 24, 2017 USD ($)	Sep. 30, 2013 Spectrum Brands ABL Facility, expiring May 24, 2017 Other assets USD ($)	Sep. 30, 2013 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018 USD ($)	Sep. 03, 2013 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018 USD ($)	Aug. 19, 2013 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018 USD ($)	Sep. 30, 2012 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018 USD ($)	Nov. 30, 2011 Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018	Sep. 30, 2013 Spectrum Brands 6.375% Senior Notes due 2020 USD ($)	Dec. 30, 2012 Spectrum Brands 6.375% Senior Notes due 2020 USD ($)	Sep. 30, 2012 Spectrum Brands 6.375% Senior Notes due 2020 USD ($)	Sep. 30, 2013 Spectrum Brands 6.625% Notes USD ($)	Dec. 30, 2012 Spectrum Brands 6.625% Notes USD ($)	Sep. 30, 2012 Spectrum Brands 6.625% Notes USD ($)	Sep. 30, 2013 Spectrum Brands 6.625% Notes Other assets USD ($)	Dec. 30, 2012 Spectrum Brands Term Loan, due December 17, 2019 USD ($)	Dec. 30, 2012 Spectrum Brands Term Loan, due December 17, 2019 CAD	Sep. 30, 2013 Spectrum Brands Term Loan, due December 17, 2019 USD ($)	Sep. 30, 2013 Spectrum Brands Term Loan, due December 17, 2019 Other assets USD ($)	Dec. 30, 2012 Spectrum Brands Term Loan, due December 17, 2019 Other assets USD ($)	Sep. 30, 2013 Spectrum Brands Term Loan Due September 4, 2022 USD ($)	Sep. 30, 2012 Spectrum Brands Term Loan Due September 4, 2022 USD ($)	Sep. 30, 2013 Spectrum Brands Term Loan Due September 4, 2019 USD ($)	Dec. 30, 2012 Spectrum Brands Term Loan Due September 4, 2019 USD ($)	Sep. 30, 2012 Spectrum Brands Term Loan Due September 4, 2019 USD ($)	Dec. 30, 2012 Spectrum Brands Previous Term Loan Facility USD ($)	Sep. 30, 2013 Spectrum Brands Previous Term Loan Facility USD ($)	Sep. 30, 2012 Spectrum Brands Previous Term Loan Facility USD ($)	Dec. 30, 2012 Spectrum Brands 6.375% Notes and 6.625% Notes	Sep. 30, 2013 Spectrum Brands 6.375% Senior Notes, Due April 1, 2021 Other assets USD ($)	Sep. 30, 2013 Spectrum Brands 6.75% Senior Notes, due March 15, 2020 USD ($)	Jul. 23, 2013 Spectrum Brands 6.75% Senior Notes, due March 15, 2020	Sep. 30, 2012 Spectrum Brands 6.75% Senior Notes, due March 15, 2020 USD ($)	Mar. 31, 2012 Spectrum Brands 6.75% Senior Notes, due March 15, 2020 USD ($)	Sep. 30, 2013 FGL USD ($)	Sep. 30, 2013 FGL 6.375% Senior Notes, Due April 1, 2021 USD ($)	Mar. 31, 2013 FGL 6.375% Senior Notes, Due April 1, 2021 USD ($)	Sep. 30, 2012 FGL 6.375% Senior Notes, Due April 1, 2021 USD ($)	Feb. 14, 2013 EXCO/HGI JV EXCO/HGI Partnership Credit Agreement USD ($)	Sep. 30, 2013 EXCO/HGI JV EXCO/HGI Partnership Credit Agreement USD ($)	Mar. 05, 2013 EXCO/HGI JV EXCO/HGI Partnership Credit Agreement USD ($)	Sep. 30, 2013 EXCO/HGI JV EXCO/HGI JV Credit Agreement, due February 14, 2018	Sep. 30, 2012 EXCO/HGI JV EXCO/HGI JV Credit Agreement, due February 14, 2018 USD ($)	Sep. 30, 2013 EXCO/HGI JV EXCO/HGI JV Credit Agreement, due February 14, 2018 EXCO/HGI Partnership Credit Agreement USD ($)	Sep. 30, 2013 Salus Capital Partners LLC USD ($)	Feb. 14, 2013 Salus Capital Partners LLC USD ($)	Sep. 30, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary USD ($)	Sep. 23, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary USD ($)	Feb. 28, 2013 Salus Capital Partners LLC Variable Interest Entity, Primary Beneficiary USD ($)	Sep. 23, 2013 Salus Capital Partners LLC Maximum Variable Interest Entity, Primary Beneficiary USD ($)	Feb. 28, 2013 Salus Capital Partners LLC Maximum Variable Interest Entity, Primary Beneficiary USD ($)	Sep. 30, 2013 Salus Capital Partners LLC Unaffiliated long-term debt of consolidated variable-interest entity USD ($)	Sep. 30, 2012 Salus Capital Partners LLC Unaffiliated long-term debt of consolidated variable-interest entity USD ($)	Sep. 30, 2013 Salus Capital Partners LLC Unaffiliated long-term debt of consolidated variable-interest entity Minimum LIBOR	Sep. 30, 2013 Salus Capital Partners LLC Unaffiliated long-term debt of consolidated variable-interest entity Maximum LIBOR	Oct. 07, 2013 Subsequent Event Spectrum Brands 9.5% Senior Secured Notes, due June 15, 2018 USD ($)
Debt Instrument [Line Items]
Long-term debt	$ 4,909,700,000	$ 2,165,000,000						$ 924,200,000	$ 497,700,000		$ 498,000,000		$ 500,000,000		$ 925,000,000							$ 0	$ 5,000,000	$ 893,100,000	$ 950,000,000		$ 520,000,000		$ 0	$ 570,000,000		$ 0							$ 850,000,000	$ 0	$ 300,000,000		$ 0	$ 370,200,000	$ 0	$ 370,200,000			$ 300,000,000		$ 300,000,000			$ 300,000,000																$ 182,900,000				$ 51,900,000
Long-term debt, interest rate							6.625%				10.625%		10.625%	7.875%	7.875%							0.00%			9.50%	9.50%	6.375%	6.375%	0.00%	6.625%	6.625%	0.00%							3.00%	0.00%	3.60%		0.00%		0.00%	5.10%			6.75%		6.75%	6.75%		6.375%	6.375%					2.70%										6.57%
Discharge of remaining outstanding											2,000,000
Cash charges on Interest Expense												58,900,000										5,700,000
Cash charges for fees and expenses												45,700,000										105,600,000
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										10,900,000
Long-term debt, percentage														99.36%		101.50%																																		100.00%
Original issuance discounts on debt, net														4,500,000																								8,000,000				5,800,000
Other assets (Note 14)	281,600,000	172,600,000													20,000,000			5,100,000																																				10,200,000
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, face amount														700,000,000.0		225,000,000												520,000,000.0			570,000,000.0			800,000,000.0	100,000,000.0	1,150,000,000.00																300,000,000			300,000,000.0
Debt maturity date																																		Dec. 17, 2019	Dec. 17, 2019									Jun. 17, 2016
Adjustment to increase interest expense																																				5,500,000
Extinguishment of debt, amount																																																																										950,000,000
Discount rate																																						1.00%				0.50%
Debt issuance costs								(25,100,000)	0	(16,200,000)																										19,300,000
Unamortized debt issuance costs																				200,000	300,000												14,100,000				16,900,000				16,400,000							12,900,000
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	100,000,000.0																						400,000,000.0		470,000,000.0
Extended maturity date																			May 24, 2017
Aggregate borrowing availability																			288,900,000
Net of lender reserves																			8,600,000
Letter of credit outstanding																			37,200,000
Cash Dividends Paid to Parent Company from Debt Issuance Proceeds																																																					73,000,000
Line of credit agreement, minimum percentage of secuity interest in oil and gas properties collateralizing borrowings																																																									80.00%
Line of credit, amount outstanding to partnership																																																										364,000,000
Line of cedit, amount outstanding																																																														271,200,000
Basis spread on variable rate			1.75%	0.75%	2.75%	1.75%																																																																		2.25%	11.50%
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																																																																182,900,000	181,800,000
VIE, consolidated carrying amount obligations																																																																	485,000,000
Asset-based loans	$ 560,400,000	$ 180,100,000																																																													$ 167,000,000	$ 331,100,000	$ 331,100,000	$ 300,000,000	$ 175,500,000	$ 550,000,000	$ 250,000,000

Other Liabilities - Other Liabilities (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Feb. 14, 2013	Sep. 30, 2012
Components of Other Liabilities [Abstract]
Amounts payable for investment purchases	$ 208.2		$ 206.7
Retained asset account	207.5		203.7
Amounts payable to reinsurers	46.9		32.0
Remittances and items not allocated	44.1		29.5
Oil and natural gas asset-retirement obligations	25.4	18.5	0
Other liabilities	185.9		128.7
Total other liabilities	$ 718.0		$ 600.6

Other Liabilities - Schedule of Asset Retirement Obligations, Oil and Gas Properties (Details) (USD $) In Millions, unless otherwise specified	7 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Asset retirement obligations at inception	$ 18.5	$ 0
Liabilities incurred during the period	0.1
Liabilities settled during the period	0
Adjustment to liability due to acquisitions	5.6
Accretion of discount	1.2
Asset retirement obligations at end of period	25.4	0
Less: Current portion	0.6
Long-term portion	$ 24.8

Temporary Equity - Additional Information (Details) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Apr. 01, 2012	Aug. 05, 2011	May 13, 2011
Temporary Equity [Line Items]
Aggregate gross proceeds at issuance				$ 400.0
Temporary equity liquidation preference, minimum threshold rate					150.00%
Preferred stock, dividend rate	8.00%
Preferred stock, paid in kind dividend rate		0.00%	2.00%		4.00%
Bifurcation of embedded derivative upon issuance				(103.3)
Carrying value of Preferred Stock	329.4	319.2		282.6
Issuance costs				(14.1)
Temporary equity discount upon issuance				117.4
Temporary equity, expected contractual term					7 years
Series A Redeemable Convertible Preferred Stock
Temporary Equity [Line Items]
Temporary equity, shares issued				120	280
Aggregate gross proceeds at issuance					280.0
Preferred stock conversion price (in dollars per share)					$ 6.50
Shares converted at conversion	6
Bifurcation of embedded derivative upon issuance					(85.7)
Carrying value of Preferred Stock	224.4
Issuance costs					(11.1)
Common Stock
Temporary Equity [Line Items]
Shares issued at conversion	852
Series A-2 Redeemable Convertible Preferred Stock
Temporary Equity [Line Items]
Aggregate gross proceeds at issuance				120.0
Preferred stock conversion price (in dollars per share)				$ 7.00
Bifurcation of embedded derivative upon issuance				(17.6)
Carrying value of Preferred Stock	104.9
Issuance costs				(3.0)
NAV Threshold 1
Temporary Equity [Line Items]
Preferred stock, paid in kind dividend rate					4.00%
NAV Threshold 2
Temporary Equity [Line Items]
Preferred stock, paid in kind dividend rate					2.00%
NAV Threshold 3
Temporary Equity [Line Items]
Preferred stock, paid in kind dividend rate					0.00%
Inclusive of Issuance Costs
Temporary Equity [Line Items]
Carrying value of Preferred Stock				296.7
EXCO/HGI JV \| Class B Redeemable Common Units [Member]
Temporary Equity [Line Items]
Carrying value of Preferred Stock	$ 0.1

Temporary Equity - Schedule of Temporary Equity (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended				12 Months Ended				12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Aug. 05, 2011	Sep. 30, 2013 Series A Redeemable Convertible Preferred Stock	Sep. 30, 2012 Series A Redeemable Convertible Preferred Stock	Sep. 30, 2011 Series A Redeemable Convertible Preferred Stock	May 13, 2011 Series A Redeemable Convertible Preferred Stock	Sep. 30, 2013 Series A-2 Redeemable Convertible Preferred Stock	Sep. 30, 2012 Series A-2 Redeemable Convertible Preferred Stock	Sep. 30, 2011 Series A-2 Redeemable Convertible Preferred Stock	Aug. 05, 2011 Series A-2 Redeemable Convertible Preferred Stock
Temporary Equity [Line Items]
Initial issuance price in Fiscal 2011				$ 400.0				$ 280.0				$ 120.0
Principal accretion	0	12.3	5.0		0	8.6	4.3		0	3.7	0.7
Cumulative principal accretion	17.3				12.9				4.4
Redemption value of preferred stock converted into common stock upon election of holder	(5.9)				0				(5.9)
Redemption value as of September 30, 2013	411.4				292.9				118.5
Bifurcation of embedded conversion feature at issuance				(103.3)				(85.7)				(17.6)
Issuance costs				(14.1)				(11.1)				(3.0)
Accretion:	16.1	14.5	4.7		12.4	11.7	4.2		3.7	2.8	0.5
Carrying value of Preferred Stock	329.4	319.2		282.6	224.4				104.9
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests, excluding Temporary Equity Class B Common Stock Shares Issued Under the EXCO/HGI JV Incentive Plan	$ 329.3

Permanent Equity - Accumulated Other Comprehensive Income (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross amounts (after reclassification adjustments)	$ 192.9	$ 1,015.3
Intangible assets adjustments	(62.8)	(390.1)
Tax effects	(57.9)	(226.2)
Noncontrolling interest	15.5	14.2
Accumulated Other Comprehensive Income (Loss), Net of Tax	87.7	413.2
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross amounts (after reclassification adjustments)	235.7	1,059.6
Intangible assets adjustments	(63.2)	(390.5)
Tax effects	(61.1)	(234.2)
Noncontrolling interest
Accumulated Other Comprehensive Income (Loss), Net of Tax	111.4	434.9
Accumulated Other-than-Temporary Impairment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross amounts (after reclassification adjustments)	(1.0)	(1.0)
Intangible assets adjustments	0.4	0.4
Tax effects	0.2	0.2
Noncontrolling interest
Accumulated Other Comprehensive Income (Loss), Net of Tax	(0.4)	(0.4)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross amounts (after reclassification adjustments)	(2.6)	0.3
Intangible assets adjustments
Tax effects	0.3	(0.1)
Noncontrolling interest	0.9	(0.1)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1.4)	0.1
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross amounts (after reclassification adjustments)	(28.9)	(39.9)
Intangible assets adjustments
Tax effects	(0.8)	4.4
Noncontrolling interest	11.9	14.2
Accumulated Other Comprehensive Income (Loss), Net of Tax	(17.8)	(21.3)
Accumulated Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross amounts (after reclassification adjustments)	(10.3)	(3.7)
Intangible assets adjustments
Tax effects	3.5	3.5
Noncontrolling interest	2.7	0.1
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (4.1)	$ (0.1)

+ References+ Details

Employee Benefit Obligations - Schedule of Pension and Other Post-retirement benefit plans (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Fair value of plan assets, beginning of year	$ 190.8	$ 168.6
Defined Benefit Plan, Business Combinations and Acquisitions, Plan Assets	6.7
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	5.80%
Accumulated other comprehensive income	87.7	413.2
Tax effects	(57.9)	(226.2)
Noncontrolling interest	15.5	14.2
Defined Benefit Plan, Target Plan Asset Allocations	100.00%
Defined Contribution Plan, Employer Discretionary Contribution Amount	12.1	2.8	5.3
Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Funded Status of Plan	(83.7)	(92.1)
Benefit obligation, beginning of year	260.7	228.7
Defined Benefit Plan, Business Combinations and Acquisitions, Benefit Obligation	14.7	0
Service cost	3.0	2.0
Interest cost	10.6	11.4
Recognized net actuarial (gain) loss	1.1	31.3
Participant contributions	0.1	0.2
Benefits paid	(17.4)	(10.9)
Defined Benefit Plan, Curtailments	(1.5)	0
Foreign currency exchange rate changes	3.2	(2.0)
Fair value of plan assets, beginning of year	190.8	168.6	143.7
Actual return on plan assets	18.3	22.3
Employer contributions	12.9	13.6
Plan expenses paid	0	0
Foreign currency exchange rate changes	1.6	(0.3)
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Funded Status of Plan	(0.4)	(0.6)
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	4.70%	4.00%
Benefit obligation, beginning of year	0.6	0.5
Defined Benefit Plan, Business Combinations and Acquisitions, Benefit Obligation	0	0
Service cost	0	0
Interest cost	0	0.1
Recognized net actuarial (gain) loss	(0.1)	0
Participant contributions	0	0
Benefits paid	0	0
Defined Benefit Plan, Curtailments	(0.1)
Foreign currency exchange rate changes	0	0
Fair value of plan assets, beginning of year	0	0	0
Actual return on plan assets	0	0
Employer contributions	0	0
Plan expenses paid	0	0
Foreign currency exchange rate changes	0	0
Minimum \| Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	1.80%	4.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	3.60%	4.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	2.30%	2.30%
Maximum \| Pension Plan, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	13.00%	13.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	7.80%	7.80%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	5.50%	5.50%
Accumulated Defined Benefit Plans Adjustment
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accumulated other comprehensive income	(17.8)	(21.3)
Tax effects	(0.8)	4.4
Noncontrolling interest	11.9	14.2
UNITED STATES
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.90%	4.40%
Fair value of plan assets, beginning of year	73.8	66.4
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	7.60%	7.60%
Outside of the United States
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	3.90%	5.30%
Fair value of plan assets, beginning of year	$ 117.0	$ 102.2
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	4.70%	5.40%
Equity Securities \| Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	0.00%
Equity Securities \| Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	60.00%
Fixed income securities \| Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	0.00%
Fixed income securities \| Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	40.00%
Other plan asset investments \| Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	0.00%
Other plan asset investments \| Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Target Plan Asset Allocations	100.00%

Employee Benefit Obligations - Components of net periodic benefit cost (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Pension Plan, Defined Benefit
Components of net periodic benefit cost:
Service cost	$ 3.0	$ 2.0
Interest cost	10.6	11.4
Recognized net actuarial (gain) loss	(1.1)	(31.3)
Other Postretirement Benefit Plan, Defined Benefit
Components of net periodic benefit cost:
Service cost	0	0
Interest cost	0	0.1
Recognized net actuarial (gain) loss	0.1	0
Net Periodic Benefit Cost \| Pension Plan, Defined Benefit
Components of net periodic benefit cost:
Service cost	3.4	2.4	2.7
Interest cost	10.6	11.4	11.2
Expected return on assets	(9.7)	(9.1)	(8.8)
Amortization of prior service cost	0	0.1	0
Amortization of transition obligation	(0.8)	0	0
Recognized net actuarial (gain) loss	2.1	0.9	0
Net periodic cost (benefit)	5.6	5.7	5.1
Net Periodic Benefit Cost \| Other Postretirement Benefit Plan, Defined Benefit
Components of net periodic benefit cost:
Service cost	0	0	0
Interest cost	0	0.1	0.1
Expected return on assets	0	0	0
Amortization of prior service cost	0	0	0
Amortization of transition obligation	0	0	0
Recognized net actuarial (gain) loss	0	(0.1)	(0.1)
Net periodic cost (benefit)	$ 0	$ 0	$ 0

Employee Benefit Obligations - Summary of Pension Plan Assets as of Measurement Date (Details)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation, target	100.00%
Pension plan asset allocations	100.00%	100.00%
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocations	52.00%	50.00%
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocations	19.00%	21.00%
Other plan asset investments
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocations	29.00%	29.00%
Minimum \| Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation, target	0.00%
Minimum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation, target	0.00%
Minimum \| Other plan asset investments
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation, target	0.00%
Maximum \| Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation, target	60.00%
Maximum \| Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation, target	40.00%
Maximum \| Other plan asset investments
Defined Benefit Plan Disclosure [Line Items]
Pension plan asset allocation, target	100.00%

Employee Benefit Obligations - Expected Future Pension Benefit Payments (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]
2014	$ 10.7
2015	10.0
2016	11.6
2017	11.9
2018	12.3
2019 to 2023	$ 69.0

Employee Benefit Obligations - Schedule of Plan Assets (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 190.8	$ 168.6
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	73.8	66.4
UNITED STATES \| Mutual funds - equity \| Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	32.8	20.5
UNITED STATES \| Common collective trusts - equity \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	19.9	25.8
UNITED STATES \| Common collective trusts - fixed income \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20.5	19.5
UNITED STATES \| Other plan asset investments \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0.6	0.6
Outside of the United States
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	117.0	102.2
Outside of the United States \| Common collective trusts - equity \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	46.5	38.5
Outside of the United States \| Common collective trusts - fixed income \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	15.9	15.7
Outside of the United States \| Insurance contracts - general fund \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	37.7	40.6
Outside of the United States \| Other plan asset investments \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 10.3	$ 7.4

Reinsurance - Effect of Reinsurance on Premiums Earned, Benefits Incurred and Reserve Changes (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Insurance Premiums:
Direct	$ 414.7	$ 415.9	$ 226.3
Assumed	32.8	47.2	22.8
Ceded	(328.2)	(369.5)	(160.4)
Benefits and Other Changes in Insurance Policy Reserves:
Direct	776.5	1,033.4	392.1
Assumed	23.3	34.9	19.5
Ceded	(268.0)	(290.9)	(164.0)
Net	531.8	777.4	247.6
Life Insurance Product Line
Insurance Premiums:
Direct	279.2	298.0	157.8
Assumed	32.8	47.2	22.8
Ceded	(253.2)	(289.9)	(141.6)
Net	$ 58.8	$ 55.3	$ 39.0

Reinsurance - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	1 Months Ended				0 Months Ended	12 Months Ended	0 Months Ended	12 Months Ended
	Sep. 30, 2012	Sep. 30, 2013	Oct. 17, 2011	Apr. 08, 2011	Jun. 17, 2013 Wilton Reassurance Company	Sep. 30, 2013 Wilton Reassurance Company	Jan. 01, 2013 Fgl Reinsurance Agreement With Fsr	Sep. 30, 2013 Nomura
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Payments for reinsurance					$ 6.4		$ 1,400.0
Contractholder funds	15,290.4	15,248.2				4.5
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%

Stock Compensation - Summary of Stock Options Outstanding and Related Activity (Detail) (Stock option awards, USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
HGI
Options (in shares):
Stock options outstanding at September 30, 2012	2,285
Granted	1,734	2,275
Exercised	(32)
Forfeited or expired	(33)
Stock options outstanding at September 30, 2013	3,954	2,285
Stock options vested and exercisable at September 30, 2013	833
Stock options outstanding and expected to vest	3,121
Weighted Average Exercise Price (in dollars per share):
Stock options outstanding at September 30, 2012	$ 4.96
Granted	$ 8.57
Exercised	$ 6.08
Forfeited or expired	$ 6.18
Stock options outstanding at September 30, 2013	$ 6.52	$ 4.96
Stock options vested and exercisable at September 30, 2013	$ 6.12
Stock options outstanding and expected to vest	$ 6.63
Weighted Average Grant Date Fair Value (in dollars per share):
Stock options outstanding at September 30, 2012	$ 1.77
Granted	$ 3.56
Exercised	$ 2.23
Forfeited or expired	$ 2.32
Stock options outstanding at September 30, 2013	$ 2.55	$ 1.77
Stock options vested and exercisable at September 30, 2013	$ 2.34
Stock options outstanding and expected to vest	$ 2.60
FGL
Options (in shares):
Stock options outstanding at September 30, 2012	201
Granted	195	207
Exercised	(31)
Forfeited or expired	(30)
Stock options outstanding at September 30, 2013	335	201
Stock options vested and exercisable at September 30, 2013	40
Stock options outstanding and expected to vest	283
Weighted Average Exercise Price (in dollars per share):
Stock options outstanding at September 30, 2012	$ 38.20
Granted	$ 49.49
Exercised	$ 39.19
Forfeited or expired	$ 43.96
Stock options outstanding at September 30, 2013	$ 44.23	$ 38.20
Stock options vested and exercisable at September 30, 2013	$ 38.21
Stock options outstanding and expected to vest	$ 44.16
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	$ 3.87
Stock options outstanding at September 30, 2013	$ 3.87	$ 3.90
Stock options vested and exercisable at September 30, 2013	$ 3.90
Stock options outstanding and expected to vest	$ 3.87

Stock Compensation - Summary of Restricted Stock and Restricted Stock Units Outstanding and Related Activity (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Weighted Average Grant Date Fair Value (in dollars per share):
Granted	$ 34,600,000.00	$ 8,200,000.00
Vested	$ 7,500,000.00
HGI \| Restricted stock awards
Shares:
Nonvested awards at beginning of period	830
Granted	3,319	838
Vested	(651)
Forfeited	(42)
Nonvested awards at end of period	3,456	830
Restricted award expected to vest	3,456
Weighted Average Grant Date Fair Value (in dollars per share):
Nonvested awards at beginning of period (in dollars per share)	$ 4.93
Granted	$ 8.53
Vested	$ 8.25
Forfeited	$ 8.02
Nonvested awards at end of period (in dollars per share)	$ 7.72	$ 4.93
Restricted award expected to vest	$ 7.72
HGI \| Restricted stock units
Shares:
Nonvested awards at beginning of period	17
Granted	9	22
Vested	(17)
Forfeited	(9)
Nonvested awards at end of period		17
Restricted stock units vested and exercisable at September 30, 2013	22
Restricted award expected to vest	0
Weighted Average Grant Date Fair Value (in dollars per share):
Nonvested awards at beginning of period (in dollars per share)	$ 4.61
Granted	$ 8.33
Vested	$ 4.61
Forfeited	$ 8.33
Nonvested awards at end of period (in dollars per share)	$ 0.00	$ 4.61
Restricted stock units vested and exercisable at September 30, 2013	$ 4.61
Restricted award expected to vest
Spectrum Brands \| Restricted stock awards
Shares:
Nonvested awards at beginning of period	13
Granted
Vested	(13)
Forfeited	0
Nonvested awards at end of period	0
Restricted award expected to vest	0
Weighted Average Grant Date Fair Value (in dollars per share):
Nonvested awards at beginning of period (in dollars per share)	$ 28.00
Granted	$ 0.00
Vested	$ 28.00
Forfeited
Nonvested awards at end of period (in dollars per share)	$ 0.00
Restricted award expected to vest	$ 0.00
Spectrum Brands \| Restricted stock units
Shares:
Nonvested awards at beginning of period	1,931
Granted	700
Vested	(1,211)
Forfeited	(302)
Nonvested awards at end of period	1,118
Restricted stock units vested and exercisable at September 30, 2013	0
Restricted award expected to vest	1,118
Weighted Average Grant Date Fair Value (in dollars per share):
Nonvested awards at beginning of period (in dollars per share)	$ 28.45
Granted	$ 45.97
Vested	$ 28.25
Forfeited	$ 30.36
Restricted stock units vested and exercisable at September 30, 2013	$ 0.00
Restricted award expected to vest	$ 39.11
FGL \| Restricted stock units
Shares:
Nonvested awards at beginning of period	0
Granted	53
Vested	0
Forfeited	(7)
Nonvested awards at end of period	46
Restricted stock units vested and exercisable at September 30, 2013	0
Restricted award expected to vest	42
Weighted Average Grant Date Fair Value (in dollars per share):
Nonvested awards at beginning of period (in dollars per share)	$ 0.00
Granted	$ 49.58
Vested	$ 0.00
Forfeited	$ 49.45
Nonvested awards at end of period (in dollars per share)	$ 49.60
Restricted stock units vested and exercisable at September 30, 2013	$ 0.00
Restricted award expected to vest	$ 49.54

Stock Compensation - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Oct. 21, 2010	Oct. 20, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	8,887,000
Granted	$ 34,600,000.00	$ 8,200,000.00
Vested	$ 7,500,000.00
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0.1
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options	0.2
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			4,626,000	600,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant				3,333,000
Stock compensation, shares, restricted stock	700,000	863,000
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 month	7 months
Time-based and vest over period of restricted stock units	1 year	1 year
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Capital Shares Reserved for Future Issuance	17,000,000
Vesting period	4 years	4 years
Time-based and vest over period of restricted stock units		2 years
HGI's executive bonus plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	12 months
HGI's executive bonus plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	36 months
Employee Stock Option \| HGI's executive bonus plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,300,000
Restricted stock awards \| HGI's executive bonus plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	3,300,000
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, grant date fair value	32.2	24.4
Time Based Restricted Stock Units Vesting From One Year To Two Year
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation, shares, restricted stock	48,000	160,000
Performance Based and Vest Over One Year and Peformance and Time Based and Vest Over One Year
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation, shares, restricted stock	652,000
Performance Based Restricted Stock Units One Year Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation, shares, restricted stock	90,000
Performance-based and Time-based Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation, shares, restricted stock	562,000	703,000
HGI
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	14.7
Unrecognized compensation cost expected to recognized, years	2 years 0 months 7 days
Weighted average remaining contractual term of outstanding stock option awards	8 years 9 months 7 days
HGI \| Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, granted	1,734,000	2,275,000
HGI \| Restricted stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity intruments other than options granted	3,319,000	838,000
Granted	$ 8.53
Vested	$ 8.25
HGI \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity intruments other than options granted	9,000	22,000
Granted	$ 8.33
Vested	$ 4.61
FGL
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	6.0
Unrecognized compensation cost expected to recognized, years	1 year 9 months 18 days
FGL \| Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, granted	195,000	207,000
Vesting period	3 years	3 years
Grant date fair value	0.6	0.8
FGL \| Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity intruments other than options granted	53,000
Granted	$ 49.58
Vested	$ 0.00
Grant date fair value	2.0
EXCO/HGI JV
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	0.6
Unrecognized compensation cost expected to recognized, years	2 years 146 days
EXCO/HGI JV \| EXCO/HGI JV Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity intruments other than options granted	102,000
Granted	$ 10.00
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
Deferred Bonus \| HGI's executive bonus plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount	$ 35.9

Stock Compensation - Assumptions Used in Determination of Grant Date Fair Values Using Black-Scholes Option Pricing Model (Detail)	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Parent \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.84%	0.97%
Parent \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.86%	1.19%
FGL
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%
HGI
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Assumed dividend yield	0.00%	0.00%
Expected option term		6 years
HGI \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option term	5 years 3 months 18 days
Volatility	41.90%	33.00%
HGI \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option term	6 years 73 days
Volatility	44.00%	35.50%

Stock Compensation - Schedule of Incentive Plan Activity (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted	$ 34,600,000.00	$ 8,200,000.00
EXCO/HGI JV \| EXCO/HGI JV Incentive Plan
Shares:
Nonvested awards at beginning of period	0
Granted	102
Nonvested awards at end of period	102
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Nonvested awards at beginning of period (in dollars per share)	$ 0.00
Granted	$ 10.00
Nonvested awards at end of period (in dollars per share)	$ 10.00

Income Taxes - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	$ 152.8	$ (142.1)	$ 72.3
Deferred tax assets (Note 23)	293.4	312.7
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	118.3	25.4	57.9
Statutory rate	35.00%
Effective income tax rate	158.30%	(335.90%)	87.30%
UNITED STATES
Income Taxes [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(78.9)	(146.5)	(74.8)
Outside of the United States
Income Taxes [Line Items]
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	197.2	171.9	132.7
H G I
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	204.0	97.8
H G I \| U S Federal
Income Taxes [Line Items]
Operating Loss Carryforwards	302.8
Capital Loss Carryforwards	36.3
H G I \| State and Local Jurisdiction
Income Taxes [Line Items]
Operating Loss Carryforwards	454.4
Spectrum Brands
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	454.6	384.8
Net Increase (Release) In Valuation Allowance	69.8
Undistributed Earnings of Foreign Subsidiaries	409.6
Cumulative Unremitted Earnings	45.7	76.5
Increase (Decrease) in Income Taxes	0.1	3.3
Foreign Earnings Repatriated	12.5	21.1
Spectrum Brands \| U S Federal
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	421.7	349.3
Net Increase (Release) In Valuation Allowance	72.4
Operating Loss Carryforwards	1,515.3
Relase of Valuation Allowance Due To Acquisition	49.8	14.5
Deferred Tax Liabilities Basis In Assets Acquired	49.8	14.5
Spectrum Brands \| State and Local Jurisdiction
Income Taxes [Line Items]
Operating Loss Carryforwards	1,551.3
Spectrum Brands \| Foreign Tax Authority
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	32.8	35.5
Net Increase (Release) In Valuation Allowance	(2.6)
Operating Loss Carryforwards	111.2
Fidelity And Guaranty Life Holdings
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	158.7	177.5
Deferred tax assets (Note 23)	240.5	279.6
Operating Loss Carryforwards	92.7	87.0
Deferred Tax Assets, Gross	399.2	457.1
Capital Loss Carry Forward	350.4	551.9
Low Income Housing Tax Credit Carryforwards	54.2	52.8
Alternative Minimum Tax Credit Carry Forward	6.3	7.6
Fidelity And Guaranty Life Holdings \| Life and Non Life Insurance Companies, net [Member]
Income Taxes [Line Items]
Net Increase (Release) In Valuation Allowance	(18.9)	(197.8)
Fidelity And Guaranty Life Holdings \| Life Insurance Company
Income Taxes [Line Items]
Net Increase (Release) In Valuation Allowance	(20.7)	(204.7)
Fidelity And Guaranty Life Holdings \| Non Life Insurance Companies
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	39.9
Net Increase (Release) In Valuation Allowance	1.8	6.9
Fidelity And Guaranty Life Holdings \| Capital Loss Carryforward [Member]
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	118.8	145.9
Fidelity And Guaranty Life Holdings \| Net Operating Loss [Member]
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance		$ 31.7

Income Taxes - Schedule of Components of Income Tax Expense (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Components Of Deferred Income Tax Assets And Liabilities [Line Items]
Deferred income taxes	$ 170.7	$ (197.4)	$ 16.5
Reported income tax expense (benefit)	187.3	(85.3)	50.6
H G I
Components Of Deferred Income Tax Assets And Liabilities [Line Items]
Current Federal Tax Expense (Benefit)	(32.5)	74.4	(0.9)
Current Foreign Tax Expense (Benefit)	47.7	38.1	32.7
Current State and Local Tax Expense (Benefit)	1.4	(0.4)	2.3
Current Income Tax Expense (Benefit)	16.6	112.1	34.1
Deferred Federal Income Tax Expense (Benefit)	169.0	(199.2)	(20.6)
Deferred Foreign Income Tax Expense (Benefit)	2.1	5.2	28.1
Deferred State and Local Income Tax Expense (Benefit)	(0.4)	(3.4)	9.0
Deferred income taxes	170.7	(197.4)	16.5
Reported income tax expense (benefit)	$ 187.3	$ (85.3)	$ 50.6

Income Taxes - Reconciliation to effective income tax rate (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Income Tax Disclosure [Abstract]
Expected income tax (benefit) expense at Federal statutory rate	$ 41.4	$ 8.9	$ 20.3
Valuation allowance for deferred tax assets	152.8	(142.1)	72.3
Preferred stock equity conversion feature	35.6	54.8	(9.5)
Residual tax on foreign earnings	(7.0)	29.8	19.0
Foreign rate differential	(18.8)	(14.1)	(12.6)
Bargain purchase gain	0	0	(55.4)
Gain on contingent purchase price reduction	0	(14.3)	0
Permanent items	5.7	9.5	10.7
Non-deductible stock based compensation	1.7	0	0
Exempt foreign income	(5.9)	(5.8)	(0.4)
Unrecognized tax benefits	4.1	(4.4)	(2.8)
State and local income taxes	(32.2)	(8.5)	1.2
Dividends received deduction	1.4	(0.9)	0
Inflationary adjustments	(0.2)	(0.8)	(1.5)
Capitalized transaction costs	5.6	0.3	2.8
Deferred tax correction of immaterial prior period error	0	0	4.9
Other	3.1	2.3	1.6
Reported income tax expense (benefit)	$ 187.3	$ (85.3)	$ 50.6
Effective tax rate	158.30%	(335.90%)	87.30%

Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Income Taxes [Line Items]
Deferred Tax Assets, Net, Current	$ 47.9	$ 44.8
Deferred Tax Liabilities, Net, Current	(14.8)	(11.7)
Deferred Tax Assets, Net, Noncurrent	873.3	1,033.5
Deferred Tax Liability Noncurrent	(1,105.6)	(1,136.2)
Deferred Tax Assets, Net	921.2	1,078.3
Deferred Tax Liabilities, Net	(1,120.4)	(1,147.9)
Current
Income Taxes [Line Items]
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	15.4	29.5
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Restructuring Charges	7.1	8.1
Deferred Tax Assets, Inventory	24.3	22.5
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation	5.4	0
Deferred Tax Assets Marketing and Promotional Accruals	14.1	8.3
Deferred Tax Assets Capitalized Transaction Costs	0.1	0.1
Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross	12.6	10.2
Deferred Tax Assets, Other	23.9	15.1
Deferred Tax Assets, Valuation Allowance	(55.0)	(49.0)
Deferred Tax Liabilities, Inventory	(2.7)	(2.6)
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	(0.4)	(1.2)
Deferred Tax Liabilities, Other	(11.7)	(7.9)
Noncurrent
Income Taxes [Line Items]
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits	49.5	37.5
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Restructuring Charges	0.3	0.4
Deferred Tax Assets Capitalized Transaction Costs	0.6	0
Deferred Tax Assets, Unrealized Losses on Available-for-Sale Securities, Gross	2.1	12.7
Deferred Tax Assets, Operating Loss Carryforwards	1,029.5	914.5
Deferred Tax Assets, Other	32.8	30.8
Deferred Tax Assets, Valuation Allowance	(762.2)	(611.1)
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	(13.1)	(15.8)
Deferred Tax Liabilities, Other	(23.4)	(4.5)
Deferred Tax Assets Prepaid Royalties	7.0	7.0
Deferred Tax Assets, Property, Plant and Equipment	9.7	3.2
Deferred Tax Assets Long Term Debt	0.7	4.0
Deferred Tax Assets, Goodwill and Intangible Assets	3.9	4.3
Deferred Tax Assets Deferred Acquisition Costs	0.4	9.9
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Policyholder Liabilities	477.7	620.3
Deferred Tax Assets, Equity Method Investments	21.3	0
Deferred Tax Liabilities, Property, Plant and Equipment	(27.5)	(15.3)
Deferred Tax Liabilities, Intangible Assets	(735.5)	(596.2)
Deferred Tax Liabilities Value of Business Acquired	(67.3)	(36.5)
Deferred Tax Assets Acquisition Costs	(63.7)	0
Deferred Tax Liabilities Tax on Unremitted Foreign Earnings	(18.6)	(29.2)
Deferred Tax Liabilities, Investments	$ (156.5)	$ (438.7)

Income Taxes - Summary of Changes to Unrecognized Tax Benefits Reserves Excluding Related Interest and Penalties (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Income Tax Disclosure [Abstract]
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 10.1
Unrecognized Tax Benefits that Would Result in Deferred Tax Assets	3.7
Accrued interest and penalties related to the uncertain tax positions	3.7	3.6
Increase Decrease Interest And Penalties	0	(1.2)	(1.4)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits	5.9	9.0	13.2
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	9.1	0.7	1.6
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(0.3)	(1.3)	(0.8)
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	0.5	0.8	0.6
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(0.1)	(1.7)	(1.9)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(1.3)	(1.6)	(3.7)
Unrecognized tax benefits	$ 13.8	$ 5.9	$ 9.0

Restructuring and related charges - Summarization of Restructuring and Related Charges (Detail) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 34.0	$ 19.6	$ 28.6
Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Restructuring charges	10.0	9.8	7.8
Selling, acquisition, operating and general expenses classification
Restructuring Cost and Reserve [Line Items]
Restructuring charges	24.0	9.8	20.8
Global Cost Reduction Initiatives
Restructuring Cost and Reserve [Line Items]
Restructuring charges	11.3	0	0
Charges Since Inception	11.3
Expected Future Charges	4.2
Total Projected Costs	15.5
Expected Completion Date	Sep. 30, 2015
Global Expense Rationalization Initiatives
Restructuring Cost and Reserve [Line Items]
Restructuring charges	16.4	18.7	25.5
Charges Since Inception	99.4
Expected Future Charges	3.0
Total Projected Costs	102.4
Expected Completion Date	Jan. 31, 2015
Other initiatives
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6.3	$ 0.9	$ 3.1

Restructuring and related charges - Summary of restructuring and related charges by type and classification (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	$ 34.0	$ 19.6	$ 28.6
Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	10.0	9.8	7.8
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	24.0	9.8	20.8
Termination benefits \| Global Expense Rationalization Initiatives \| Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	0	0	0
Termination benefits \| Global Expense Rationalization Initiatives \| Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	10.3	0	0
Termination benefits \| Global Cost Reduction Initiatives \| Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	0.2	2.9	1.7
Termination benefits \| Global Cost Reduction Initiatives \| Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	6.3	3.1	10.2
Termination benefits \| HHI Business prior to Acquisition by Spectrum Brands Initiatives \| Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	0.2	0	0
Termination benefits \| HHI Business prior to Acquisition by Spectrum Brands Initiatives \| Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	0	0	0.9
Other associated benefits \| Global Expense Rationalization Initiatives \| Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	0	0	0
Other associated benefits \| Global Expense Rationalization Initiatives \| Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	1.1	0	0
Other associated benefits \| Global Cost Reduction Initiatives \| Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	3.3	6.9	5.9
Other associated benefits \| Global Cost Reduction Initiatives \| Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	6.4	5.8	7.8
Other associated benefits \| HHI Business prior to Acquisition by Spectrum Brands Initiatives \| Consumer products cost of goods sold classification
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	6.3	0	0.2
Other associated benefits \| HHI Business prior to Acquisition by Spectrum Brands Initiatives \| Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	$ (0.1)	$ 0.9	$ 1.9

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References+ Details

Restructuring and related charges - Summarization of Remaining Accrual Balance Associated with Initiatives and Activity (Detail) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

$ 6.6

20.8

(7.5)

(3.2)

(5.2)

(15.1)

16.7

6.6

13.2

^[1]

Global Expense Rationalization Initiatives

9.0

(2.1)

0.4

7.3

2.3

^[1]

Global Cost Reduction Initiatives

4.4

5.8

(4.9)

5.3

10.6

^[1]

Other initiatives

2.2

6.0

(0.5)

(3.6)

4.1

0.3

^[1]

Termination benefits | Global Expense Rationalization Initiatives

9.0

(2.1)

0.4

7.3

1.3

^[1]

Termination benefits | Global Cost Reduction Initiatives

3.3

5.3

(3.7)

4.9

1.3

^[1]

Other costs | Global Expense Rationalization Initiatives

1.0

^[1]

Other costs | Global Cost Reduction Initiatives

1.1

0.5

(1.2)

0.4

Net (loss) income attributable to common and participating preferred stockholders

$ 9.3

^[1]

[1]	Consists of amounts not impacting the accrual for restructuring and related charges.

Earnings Per Share - Summary of Basic and Diluted EPS (Detail) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 30, 2012

Sep. 30, 2012

Jul. 01, 2012

Apr. 01, 2012

Jan. 01, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Earnings Per Share [Abstract]

$ (202.3)

$ 91.6

$ (45.5)

$ 62.0

$ 159.1

$ (149.1)

$ (3.9)

$ 23.8

$ (94.2)

$ 29.9

$ 22.2

Participating shares at end of period:

Common shares outstanding

138,876

139,357

139,346

Preferred shares (as-converted basis)

61,987

62,839

60,989

Total

200,863

202,196

200,335

Percentage of (loss) income allocated to:

Common shares

100.00%

68.90%

69.60%

Preferred shares (a)

0.00%

^[1]

31.10%

^[1]

30.40%

^[1]

Net (loss) income attributable to common shares - basic

(94.2)

20.6

15.4

Dilutive adjustments to (loss) income attributable to common shares from assumed conversion of preferred shares, net of tax:

Income allocated to preferred shares in basic calculation

6.8

Reversal of preferred stock dividends and accretion

19.8

Reversal of income related to fair value of preferred stock conversion feature

(27.9)

Net adjustment

1.3

Net (loss) income attributable to common shares - diluted

$ (94.2)

$ 20.6

$ 14.1

Weighted-average common shares outstanding - basic

139,856

139,356

139,233

Dilutive effect of preferred stock

19,064

Dilutive effect of unvested restricted stock and restricted stock units

381

Dilutive effect of stock options

Weighted-average shares outstanding - diluted

139,856

139,818

158,384

Net (loss) income per common share attributable to controlling interest:

$ (1.45)

$ 0.45

$ (0.33)

$ 0.31

$ 0.79

$ (1.07)

$ (0.02)

$ 0.12

$ (0.67)

$ 0.15

$ 0.11

^[2]

$ (1.45)

$ 0.25

$ (0.33)

$ 0.03

$ 0.78

$ (1.07)

$ (0.02)

$ 0.06

$ (0.67)

$ 0.15

$ 0.09

^[2]

[1]	Losses are not allocated to the convertible participating preferred shares since they have no contractual obligation to share in such losses.
[2]	Reported revenues and net income for Fiscal 2011 include the actual reported results of FGH for the approximate six month period subsequent to April 6, 2011. Reported net income also includes the $158.3 non-recurring bargain purchase gain which was recorded as of the FGL Acquisition Date, and reflects the retrospective measurement period adjustments disclosed above.

Earnings Per Share - Antidilutive Securities (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Sep. 30, 2013
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the calculation of “Diluted net loss per common share attributable to controlling interest”	2,459
Equity Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the calculation of “Diluted net loss per common share attributable to controlling interest”	640
Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the calculation of “Diluted net loss per common share attributable to controlling interest”	61,987
Share Price	$ 6.64

Statutory Accounting Practices [Line Items]

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References+ Details

Commitments and Contingencies - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	1 Months Ended	12 Months Ended
	Jul. 31, 2012	Sep. 30, 2013
Commitment And Contingencies [Line Items]
Reserves for legal, environmental and regulatory matters		$ 17.3
Notional amount of unfunded, legally binding lending commitments		190.4
Expiration of partial amount of unfunded, legally binding lending commitments		13.7
Interest rate on senior notes		7.875%
Maximum
Commitment And Contingencies [Line Items]
Estimated range of external legal costs		3.0
Expiry date of partial amount of notional amount		1 year
Expiry date of remainder part of notional amount		4 years
Minimum
Commitment And Contingencies [Line Items]
Estimated range of external legal costs		1.0
Expiry date of remainder part of notional amount		1 year
FGL
Commitment And Contingencies [Line Items]
Accrued amount of guaranty fund assessments		5.3
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
Spectrum Brands
Commitment And Contingencies [Line Items]
Environmental costs recognized, capitalized		$ 5.1

Commitments and Contingencies - Lease Commitments (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Fiscal Year
2014	$ 41.1
2015	35.1
2016	29.6
2017	25.0
2018	16.1
Thereafter	38.4
Total minimum lease payments	185.3
Operating leases, rent expense	$ 51.3	$ 36.9	$ 41.8

Insurance Subsidiary - Financial Information (Details) (USD $)

12 Months Ended

0 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Oct. 31, 2013

Subsequent Event

Oct. 31, 2013

FGL Insurance

Jul. 12, 2013

FGL Insurance

Dec. 20, 2012

FGL Insurance

Sep. 26, 2012

FGL Insurance

Nov. 01, 2013

FGL Insurance

Subsequent Event

Sep. 30, 2013

Raven Re

Apr. 05, 2011

MARYLAND

FGL Insurance

Sep. 30, 2011

MARYLAND

FGL Insurance

Sep. 30, 2013

MARYLAND

FGL Insurance

Dec. 30, 2012

MARYLAND

FGL Insurance

Sep. 30, 2012

MARYLAND

FGL Insurance

Dec. 31, 2011

MARYLAND

FGL Insurance

Apr. 05, 2011

NEW YORK

FGL NY Insurance

Sep. 30, 2011

NEW YORK

FGL NY Insurance

Sep. 30, 2013

NEW YORK

FGL NY Insurance

Dec. 30, 2012

NEW YORK

FGL NY Insurance

Sep. 30, 2012

NEW YORK

FGL NY Insurance

Dec. 31, 2011

NEW YORK

FGL NY Insurance

Change In Unrealized Gains Losses Attributable To Assets Held

$ 283,600,000

$ 1,245,400,000

Unrealized gain on US GAAP basis

236,300,000

1,058,400,000

Statutory Net Income (Loss)

15,300,000

^[1]

38,200,000

^[1]

36,200,000

^[1]

102,200,000

^[1]

145,200,000

^[1]

110,300,000

^[1]

(500,000)

^[1]

4,900,000

^[1]

3,100,000

^[1]

1,000,000

^[1]

700,000

^[1]

4,500,000

^[1]

Statutory Capital and Surplus

1,064,300,000

^[1]

900,500,000

^[1]

861,600,000

^[1]

846,400,000

^[1]

62,200,000

^[1]

41,100,000

^[1]

45,300,000

^[1]

44,700,000

^[1]

Payments of dividends

106,300,000

Dividends declared but not paid

66,300,000

30,000,000

Dividends paid

40,000,000

20,000,000.0

Statutory capital and surplus, balance, excluding letter of credity borrowing capacity, total

118,500,000

Statutory capital and surplus, unassigned balance, total

$ 805,800,000

[1]	FGL NY Insurance is a subsidiary of FGL Insurance, and the columns should not be added together.

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited) - Costs Incurred in Oil and Gas Property Acquisiton, Exploration, and Development (Details) (EXCO/HGI JV, USD $) In Millions, unless otherwise specified	7 Months Ended
	Sep. 30, 2013
EXCO/HGI JV
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items]
Proved property acquisition costs	$ 569.5
Unproved property acquisition costs	53.9
Total property acquisition costs	623.4
Development	11.8
Exploration costs	0
Lease acquisitions and other	0
Capitalized asset retirement costs	$ 0.1
Depreciation, depletion and amortization per unit	1.72

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited) - Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities (Details) (EXCO/HGI JV)

7 Months Ended

Sep. 30, 2013

MBbls

Oil

Proved Developed and Undeveloped Reserves [Abstract]

Purchase of reserves in place

3,747,000

193,000

^[1]

Discoveries and extensions

188,000

^[2]

(125,000)

(296,000)

^[3]

Proved Developed and Undeveloped Reserve (Energy) [Roll Forward]

(283,000)

Enf of period

3,424,000

Proved Developed Reserves (Volume)

3,107,000

Proved Undeveloped Reserve (Volume)

317,000

Natural Gas

Proved Developed and Undeveloped Reserves [Abstract]

Purchase of reserves in place

268,447,000

63,145,000

^[1]

Discoveries and extensions

4,416,000

^[2]

13,116,000

(12,136,000)

^[3]

Proved Developed and Undeveloped Reserve (Energy) [Roll Forward]

(14,570,000)

Enf of period

322,418,000

Purchase of reserves in place (1)

327,607,000

71,743,000

^[1]

Discoveries and extensions (2)

10,062,000

^[2]

11,556,000

(25,558,000)

^[3]

Proved Developed Reserves (Volume)

(18,068,000)

End of period

377,342,000

317,748,000

Proved Undeveloped Reserve (Volume)

4,670,000

Natural Gas Liquids

Proved Developed and Undeveloped Reserves [Abstract]

Purchase of reserves in place

6,113,000

1,240,000

^[1]

Discoveries and extensions

753,000

^[2]

(135,000)

(1,941,000)

^[3]

Proved Developed and Undeveloped Reserve (Energy) [Roll Forward]

(300,000)

Enf of period

5,730,000

Proved Developed Reserves (Volume)

4,799,000

Proved Developed Reserves (Energy)

365,185,000

Proved Undeveloped Reserve (Volume)

931,000

Proved Undeveloped Reserves (Energy)

12,157,000

Permian Basin

Proved Developed and Undeveloped Reserve (Energy) [Roll Forward]

Proved Developed and Undeveloped Reserve (Energy) [Roll Forward]

18,100,000,000

East Texas/North Louisiana

7,500,000,000.0

[1]	Purchases of reserves in place include the initial contribution of conventional assets from EXCO as of February 14, 2013, and the acquisition of shallow Cotton Valley assets from an affiliate of BG Group as of March 5, 2013.
[2]	New discoveries and extensions were a result of the EXCO/HGI JV’s development in the Permian basin.
[3]	Revisions of previous estimates due to other factors were primarily due to downward adjustments in the Permian basin of 18.1 Bcfe as a result of recent performance and modifications to the EXCO/HGI JV’s development plans which extended the development beyond a five-year horizon. In addition, revisions of previous estimates due to other factors in the East Texas/North Louisiana region were 7.5 Bcfe primarily due to recent performance.

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited) - Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure (Details) (USD $) In Millions, unless otherwise specified	7 Months Ended
	Sep. 30, 2013
EXCO/HGI JV
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Future cash inflows	$ 1,638.5
Future production costs	923.7
Future development costs	156.0
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Future Income Tax Expense	39.3
Future net cash flows	519.5
Discount of future net cash flows at 10% per annum	217.2
Standardized measure of discounted future net cash flows	$ 302.3
Oil
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Reference Price	95.04
Natural Gas
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Reference Price	3.60
Natural Gas Liquids
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Reference Price	38.64

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited) - Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows (Details) (EXCO/HGI JV, USD $) In Millions, unless otherwise specified	7 Months Ended
	Sep. 30, 2013
EXCO/HGI JV
Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves [Line Items]
Sales and transfers of oil and natural gas produced	$ (46.2)
Net changes in prices and production costs	39.2
Extensions and discoveries, net of future development and production costs	8.1
Development costs during the period	7.4
Changes in estimated future development costs	20.2
Revisions of previous quantity estimates	(50.2)
Sales of reserves in place	0
Purchase of reserves in place	300.6
Accretion of discount before income taxes	16.1
Changes in timing and other	27.9
Changes in Future Income Tax Expense Estimates on Future Cash Flows Related to Proved Oil and Gas Reserves	(20.8)
Net change	$ 302.3

Supplemental Information Relating to Oil and Natural Gas Producing Activities (Unaudited) - Schedule of Capitalized Costs of Unproved Properties Excluded from Amortization (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Sep. 30, 2013
EXCO/HGI JV
Capitalized Costs of Unproved Properties Excluded from Amortization [Line Items]
Property acquisition costs	$ 35.7
Exploration and development	0
Capitalized interest	0.8
Total	$ 36.5
Minimum
Capitalized Costs of Unproved Properties Excluded from Amortization [Line Items]
Anticipated Timing of Inclusion of Costs in Amortization Calculation	P1Y
Maximum
Capitalized Costs of Unproved Properties Excluded from Amortization [Line Items]
Anticipated Timing of Inclusion of Costs in Amortization Calculation	P4Y

Related Party Transactions (Detail) (USD $) In Millions, except Share data, unless otherwise specified	0 Months Ended		12 Months Ended					0 Months Ended	12 Months Ended				0 Months Ended				12 Months Ended
	Jan. 01, 2013	Jul. 14, 2011	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Jan. 07, 2011	Aug. 10, 2010	Jan. 01, 2013 Registration Rights Agreement	Sep. 30, 2013 Registration Rights Agreement	Sep. 30, 2013 HCP Special Situations Fund	Sep. 30, 2013 HGI	Aug. 10, 2010 HGI	Jan. 07, 2011 Spectrum Brands	Aug. 10, 2010 Spectrum Brands	Jun. 16, 2010 Spectrum Brands	Apr. 06, 2011 Fidelity And Guaranty Life Holdings	Sep. 30, 2013 Maximum
Related Party Transaction [Line Items]
Services Agreement advance written notice period for termination			30 days
Expenses related to Services Agreement			$ 4.7	$ 2.0	$ 1.5
Secondary offering, shares	23,000,000							23,000,000
Offering cost incurred by company									0.4
Stock repurchased and retired during period, Shares										1,700,000
Common stock repurchased			12.3							12.3	(12.3)
Reimbursement of expenses in connection with the insurance transaction																	13.3
Insurance obligations under annuity contract																3,000.0
Maximum amount of asset securing reinsurance obligations																$ 1,000.0
Common stock, shares, issued		1,000,000	142,381,100	140,184,000
Number of shares issued in transaction		5,495,000
Sale of stock, price per share		$ 28.00
Lock-Up Period		180 days
Exchange Ratio, Per Share							4.32
30 days volume weighted average trading prices												$ 6.33		$ 27.36
Equity interest issued or issuable, number of shares													119,910,000
Shares, Issued													27,757,000
Noncontrolling interest percentage by parent						54.50%									35.00%

Segment and Georgraphic Data - Segment Information (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 30, 2012

Sep. 30, 2012

Jul. 01, 2012

Apr. 01, 2012

Jan. 01, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Revenues:

$ 5,543.4

$ 4,480.7

$ 3,477.7

^[1]

358.6

268.2

95.5

205.4

182.6

134.0

215.4

120.3

81.4

96.0

111.8

737.4

409.5

163.7

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(511.9)

(251.0)

(249.3)

(101.6)

(156.6)

27.9

158.3

41.0

Income from continuing operations before income taxes

(5.6)

(17.5)

(42.7)

118.3

25.4

57.9

100.1

53.5

38.2

27,908.8

25,200.4

27,908.8

25,200.4

Consolidated change in cash due to operating activities

522.3

622.5

155.5

1,137.8

1,089.8

987.7

870.3

832.6

824.8

746.2

848.8

4,085.6

3,252.4

3,186.9

5,322.6

2,986.5

5,322.6

2,986.5

Consumer Products Segment

Revenues:

4,085.6

3,252.4

3,186.9

139.8

104.5

104.7

351.2

301.8

227.9

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(375.6)

(208.4)

Income from continuing operations before income taxes

(3.5)

(0.9)

(2.4)

(27.9)

109.0

17.1

81.9

46.8

36.2

5,626.7

3,751.6

5,626.7

3,751.6

Consolidated change in cash due to operating activities

256.5

258.7

229.9

4,085.6

3,252.4

3,186.9

4,143.8

2,690.2

4,143.8

2,690.2

Insurance

Revenues:

1,348.4

1,221.8

290.8

186.3

163.5

(9.4)

522.9

159.9

(41.5)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(11.5)

(1.9)

158.3

41.0

Income from continuing operations before income taxes

(0.2)

0.1

511.2

198.5

114.9

4.1

6.2

1.7

21,183.1

20,990.3

21,183.1

20,990.3

Consolidated change in cash due to operating activities

336.2

300.0

(25.4)

572.9

280.4

572.9

280.4

Energy Segment

Revenues:

90.2

32.2

(45.2)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(4.7)

Income from continuing operations before income taxes

(1.3)

(56.8)

13.4

617.6

Consolidated change in cash due to operating activities

37.2

576.8

Financial Services segment

Revenues:

28.9

8.6

0.1

0.3

0.5

572.2

195.1

572.2

195.1

Consolidated change in cash due to operating activities

11.7

13.7

0.7

0.5

0.7

0.5

Intersegment elimination

Revenues:

(9.7)

(2.1)

(10.9)

(2.1)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(372.0)

Income from continuing operations before income taxes

(267.5)

(372.0)

(116.1)

(461.4)

(182.1)

(461.4)

(182.1)

Total segments

Revenues:

358.4

268.1

95.3

828.4

462.1

186.4

99.7

53.5

37.9

27,538.2

24,754.9

27,538.2

24,754.9

Consolidated change in cash due to operating activities

641.6

572.4

204.5

5,294.2

2,971.1

5,294.2

2,971.1

Corporate Segment

Revenues:

0.2

0.1

0.2

0.4

0.3

Consolidated change in cash due to operating activities

(119.3)

50.1

(49.0)

Corporate expenses

Revenues:

(91.0)

(52.6)

(22.7)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(120.1)

372.0

(39.0)

(101.6)

(156.6)

27.9

Income from continuing operations before income taxes

(0.6)

(16.7)

(40.3)

(47.0)

89.5

42.0

2,383.5

2,303.7

2,383.5

2,303.7

Corporate assets

370.6

445.5

370.6

445.5

28.4

15.4

28.4

15.4

UNITED STATES

Income from continuing operations before income taxes

(78.9)

(146.5)

(74.8)

2,411.4

1,772.1

1,780.1

4,397.4

2,284.9

4,397.4

2,284.9

Outside of the United States

Income from continuing operations before income taxes

197.2

171.9

132.7

1,674.2

1,480.3

1,406.8

$ 925.2

$ 701.6

$ 925.2

$ 701.6

[1]

Consolidating Financial Information - Schedule of Balance Sheet Information (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Aug. 05, 2011	Sep. 30, 2010
Assets:
Investments	$ 16,465.9	$ 16,918.4
Cash and cash equivalents	1,899.7	1,470.7	1,137.4		256.9
Receivables, net (Note 10)	611.3	414.4
Inventories, net (Note 11)	632.9	452.6
Accrued investment income	161.2	191.6
Reinsurance recoverable (Note 21)	2,363.7	2,363.1
Deferred tax assets (Note 23)	293.4	312.7
Properties, including oil and natural gas properties, net (Note 12)	993.3	221.6
Goodwill (Note 13)	1,476.7	694.2	610.3
Intangibles, including DAC and VOBA, net (Note 13)	2,729.1	1,988.5	2,141.1
Other assets (Note 14)	281.6	172.6
Consolidated total assets	27,908.8	25,200.4
Liabilities and Equity:
Debt	4,793.2	2,150.6
Equity conversion feature of preferred stock (Note 6 and Note 18)	330.8	232.0
Employee benefit obligations (Note 20)	99.6	95.1
Deferred tax liabilities (Note 23)	492.8	382.4
Other liabilities	185.9	128.7
Total liabilities	26,445.9	23,282.3
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.	329.4	319.2		282.6
Total Harbinger Group Inc. stockholders' equity	724.7	1,177.6
Noncontrolling interests	408.8	421.3
Total permanent equity	1,133.5	1,598.9	1,373.0		1,177.9
Total liabilities and equity	27,908.8	25,200.4
Consumer Products Segment
Assets:
Investments
Investments in subsidiaries and affiliates
Affiliated loans and receivables
Cash and cash equivalents	207.3	158.0
Receivables, net (Note 10)	546.9	373.4
Inventories, net (Note 11)	632.9	452.6
Accrued investment income
Reinsurance recoverable (Note 21)
Deferred tax assets (Note 23)	33.0	28.2
Properties, including oil and natural gas properties, net (Note 12)	412.5	214.0
Goodwill (Note 13)	1,476.7	694.2
Intangibles, including DAC and VOBA, net (Note 13)	2,163.2	1,715.0
Other assets (Note 14)	154.2	116.2
Consolidated total assets	5,626.7	3,751.6
Liabilities and Equity:
Insurance reserves
Debt	3,218.9	1,669.3
Accounts payable and other current liabilities	849.4	594.2
Equity conversion feature of preferred stock (Note 6 and Note 18)
Employee benefit obligations (Note 20)	96.6	90.0
Deferred tax liabilities (Note 23)	492.8	377.5
Other liabilities	28.9	31.6
Affiliated debt and payables
Total liabilities	4,686.6	2,762.6
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.
Total Harbinger Group Inc. stockholders' equity	531.0	567.7
Noncontrolling interests	409.1	421.3
Total permanent equity	940.1	989.0
Total liabilities and equity	5,626.7	3,751.6
Insurance
Assets:
Investments	16,282.3	16,556.7
Investments in subsidiaries and affiliates	62.0	32.0
Affiliated loans and receivables	150.1	150.1
Cash and cash equivalents	1,248.3	1,054.6
Receivables, net (Note 10)		41.0
Inventories, net (Note 11)
Accrued investment income	159.3	191.6
Reinsurance recoverable (Note 21)	2,363.7	2,363.1
Deferred tax assets (Note 23)	260.4	279.6
Properties, including oil and natural gas properties, net (Note 12)	7.0	6.9
Goodwill (Note 13)
Intangibles, including DAC and VOBA, net (Note 13)	565.9	273.5
Other assets (Note 14)	84.1	41.2
Consolidated total assets	21,183.1	20,990.3
Liabilities and Equity:
Insurance reserves	18,895.9	19,051.0
Debt	300.0
Accounts payable and other current liabilities	52.9	93.2
Equity conversion feature of preferred stock (Note 6 and Note 18)
Employee benefit obligations (Note 20)	0
Deferred tax liabilities (Note 23)
Other liabilities	640.2	555.3
Affiliated debt and payables	0.8
Total liabilities	19,889.8	19,699.5
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.
Total Harbinger Group Inc. stockholders' equity	1,293.3	1,290.8
Noncontrolling interests
Total permanent equity	1,293.3	1,290.8
Total liabilities and equity	21,183.1	20,990.3
Energy Segment
Assets:
Investments
Investments in subsidiaries and affiliates
Affiliated loans and receivables
Cash and cash equivalents	18.7
Receivables, net (Note 10)	22.2
Inventories, net (Note 11)
Accrued investment income
Reinsurance recoverable (Note 21)
Deferred tax assets (Note 23)
Properties, including oil and natural gas properties, net (Note 12)	572.6
Goodwill (Note 13)
Intangibles, including DAC and VOBA, net (Note 13)
Other assets (Note 14)	4.1
Consolidated total assets	617.6	0
Liabilities and Equity:
Insurance reserves
Debt	271.2
Accounts payable and other current liabilities	32.8
Equity conversion feature of preferred stock (Note 6 and Note 18)
Employee benefit obligations (Note 20)
Deferred tax liabilities (Note 23)
Other liabilities	25.4
Affiliated debt and payables	102.2
Total liabilities	431.6
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.	0.1
Total Harbinger Group Inc. stockholders' equity	185.9
Noncontrolling interests
Total permanent equity	185.9
Total liabilities and equity	617.6
Other Financial Services
Assets:
Investments	389.3	180.1
Investments in subsidiaries and affiliates
Affiliated loans and receivables	0.9
Cash and cash equivalents	166.5	12.4
Receivables, net (Note 10)	1.2
Inventories, net (Note 11)
Accrued investment income	2.3
Reinsurance recoverable (Note 21)
Deferred tax assets (Note 23)
Properties, including oil and natural gas properties, net (Note 12)	0.7	0.4
Goodwill (Note 13)
Intangibles, including DAC and VOBA, net (Note 13)
Other assets (Note 14)	11.3	2.2
Consolidated total assets	572.2	195.1
Liabilities and Equity:
Insurance reserves
Debt	181.8
Accounts payable and other current liabilities	6.3
Equity conversion feature of preferred stock (Note 6 and Note 18)
Employee benefit obligations (Note 20)
Deferred tax liabilities (Note 23)
Other liabilities	23.3	13.3
Affiliated debt and payables	293.3	150.1
Total liabilities	504.7	163.4
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.
Total Harbinger Group Inc. stockholders' equity	67.8	31.7
Noncontrolling interests	(0.3)
Total permanent equity	67.5	31.7
Total liabilities and equity	572.2	195.1
Corporate and Other
Assets:
Investments	42.3	181.6
Investments in subsidiaries and affiliates	2,012.9	1,858.2
Affiliated loans and receivables
Cash and cash equivalents	258.9	245.7
Receivables, net (Note 10)	41.0
Inventories, net (Note 11)
Accrued investment income
Reinsurance recoverable (Note 21)
Deferred tax assets (Note 23)		4.9
Properties, including oil and natural gas properties, net (Note 12)	0.5	0.3
Goodwill (Note 13)
Intangibles, including DAC and VOBA, net (Note 13)
Other assets (Note 14)	27.9	13.0
Consolidated total assets	2,383.5	2,303.7
Liabilities and Equity:
Insurance reserves
Debt	924.2	497.7
Accounts payable and other current liabilities	71.3	66.8
Equity conversion feature of preferred stock (Note 6 and Note 18)	330.8	232.0
Employee benefit obligations (Note 20)	3.0	5.1
Deferred tax liabilities (Note 23)		4.9
Other liabilities	0.2	0.4
Affiliated debt and payables
Total liabilities	1,329.5	806.9
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.	329.3	319.2
Total Harbinger Group Inc. stockholders' equity	724.7	1,177.6
Noncontrolling interests
Total permanent equity	724.7	1,177.6
Total liabilities and equity	2,383.5	2,303.7
Consolidation, Eliminations
Assets:
Investments	(248.0)
Investments in subsidiaries and affiliates	(2,074.9)	(1,890.2)
Affiliated loans and receivables	(151.0)	(150.1)
Cash and cash equivalents
Receivables, net (Note 10)
Inventories, net (Note 11)
Accrued investment income	(0.4)
Reinsurance recoverable (Note 21)
Deferred tax assets (Note 23)
Properties, including oil and natural gas properties, net (Note 12)
Goodwill (Note 13)
Intangibles, including DAC and VOBA, net (Note 13)
Other assets (Note 14)
Consolidated total assets	(2,474.3)	(2,040.3)
Liabilities and Equity:
Insurance reserves
Debt
Accounts payable and other current liabilities
Equity conversion feature of preferred stock (Note 6 and Note 18)
Employee benefit obligations (Note 20)
Deferred tax liabilities (Note 23)
Other liabilities
Affiliated debt and payables	(396.3)	(150.1)
Total liabilities	(396.3)	(150.1)
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.
Total Harbinger Group Inc. stockholders' equity	(2,078.0)	(1,890.2)
Noncontrolling interests
Total permanent equity	(2,078.0)	(1,890.2)
Total liabilities and equity	(2,474.3)	(2,040.3)
Consolidated Entities
Assets:
Investments	16,465.9	16,918.4
Investments in subsidiaries and affiliates
Affiliated loans and receivables
Cash and cash equivalents	1,899.7	1,470.7
Receivables, net (Note 10)	611.3	414.4
Inventories, net (Note 11)	632.9	452.6
Accrued investment income	161.2	191.6
Reinsurance recoverable (Note 21)	2,363.7	2,363.1
Deferred tax assets (Note 23)	293.4	312.7
Properties, including oil and natural gas properties, net (Note 12)	993.3	221.6
Goodwill (Note 13)	1,476.7	694.2
Intangibles, including DAC and VOBA, net (Note 13)	2,729.1	1,988.5
Other assets (Note 14)	281.6	172.6
Consolidated total assets	27,908.8	25,200.4
Liabilities and Equity:
Insurance reserves	18,895.9	19,051.0
Debt	4,896.1	2,167.0
Accounts payable and other current liabilities	1,012.7	754.2
Equity conversion feature of preferred stock (Note 6 and Note 18)	330.8	232.0
Employee benefit obligations (Note 20)	99.6	95.1
Deferred tax liabilities (Note 23)	492.8	382.4
Other liabilities	718.0	600.6
Affiliated debt and payables
Total liabilities	26,445.9	23,282.3
Redeemable preferred stock, $0.01 par; 10,000.0 thousand preferred shares authorized; 394.2 and 400.0 thousand shares outstanding with aggregate liquidation preference of $617.1 and $626.0 at September 30, 2013 and 2012, respectively, and other temporary equity.	329.4	319.2
Total Harbinger Group Inc. stockholders' equity	724.7	1,177.6
Noncontrolling interests	408.8	421.3
Total permanent equity	1,133.5	1,598.9
Total liabilities and equity	$ 27,908.8	$ 25,200.4

Consolidating Financial Information - Schedule of Income Statement Information (Detail) (USD $)
In Millions, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 30, 2012

Sep. 30, 2012

Jul. 01, 2012

Apr. 01, 2012

Jan. 01, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Revenues:

$ 1,137.8

$ 1,089.8

$ 987.7

$ 870.3

$ 832.6

$ 824.8

$ 746.2

$ 848.8

$ 4,085.6

$ 3,252.4

$ 3,186.9

90.2

58.8

55.3

39.0

734.7

722.7

369.8

511.6

410.0

(166.9)

62.5

40.3

48.9

5,543.4

4,480.7

3,477.7

^[1]

2,695.3

2,136.8

2,058.0

44.0

Selling, acquisition, operating and general expenses

531.8

777.4

247.6

1,220.5

932.7

961.8

54.3

260.1

224.3

46.6

4,806.0

4,071.2

3,314.0

205.4

182.6

134.0

215.4

120.3

81.4

96.0

111.8

737.4

409.5

163.7

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(511.9)

(251.0)

(249.3)

(101.6)

(156.6)

27.9

158.3

41.0

Income from continuing operations before income taxes

(5.6)

(17.5)

(42.7)

118.3

25.4

57.9

187.3

(85.3)

50.6

Less: Net (loss) income attributable to noncontrolling interest

(69.0)

110.7

7.3

(23.2)

21.2

(34.7)

Net (loss) income attributable to controlling interest

(45.8)

89.5

42.0

Net (loss) income attributable to common and participating preferred stockholders

48.4

59.6

19.8

(202.3)

91.6

(45.5)

62.0

159.1

(149.1)

(3.9)

23.8

(94.2)

29.9

22.2

Consumer Products Segment

Revenues:

4,085.6

3,252.4

3,186.9

4,085.6

3,252.4

3,186.9

2,695.3

2,136.8

2,058.0

Selling, acquisition, operating and general expenses

961.3

750.1

843.3

77.8

63.7

57.7

3,734.4

2,950.6

2,959.0

351.2

301.8

227.9

(375.6)

(208.4)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(191.9)

Income from continuing operations before income taxes

(3.5)

(0.9)

(2.4)

(27.9)

109.0

17.1

27.4

60.4

92.3

Less: Net (loss) income attributable to noncontrolling interest

(55.3)

48.6

(75.2)

(23.6)

21.2

(34.7)

Net (loss) income attributable to controlling interest

(31.7)

27.4

(40.5)

Net (loss) income attributable to common and participating preferred stockholders

(31.7)

27.4

(40.5)

Insurance

Revenues:

58.8

55.3

39.0

715.5

716.2

369.8

511.6

410.0

(166.9)

62.5

40.3

48.9

1,348.4

1,221.8

290.8

Selling, acquisition, operating and general expenses

531.8

777.4

247.6

111.4

123.9

95.8

182.3

160.6

(11.1)

825.5

1,061.9

332.3

522.9

159.9

(41.5)

(11.5)

(1.9)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(2.5)

158.3

41.0

Income from continuing operations before income taxes

(0.2)

0.1

511.2

198.5

114.9

161.0

(145.7)

(41.7)

Less: Net (loss) income attributable to noncontrolling interest

350.2

344.2

156.6

Net (loss) income attributable to controlling interest

350.2

344.2

156.6

Net (loss) income attributable to common and participating preferred stockholders

350.2

344.2

156.6

Energy Segment

Revenues:

90.2

90.2

44.0

Selling, acquisition, operating and general expenses

37.1

54.3

135.4

(45.2)

(4.7)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(5.6)

Income from continuing operations before income taxes

(1.3)

(56.8)

Less: Net (loss) income attributable to noncontrolling interest

(56.8)

Net (loss) income attributable to controlling interest

(56.8)

Net (loss) income attributable to common and participating preferred stockholders

(56.8)

Other Financial Services

Revenues:

28.9

8.6

28.9

8.6

Selling, acquisition, operating and general expenses

18.5

6.1

18.5

6.1

10.4

2.5

(2.1)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(4.1)

Income from continuing operations before income taxes

6.3

0.4

0.1

Less: Net (loss) income attributable to noncontrolling interest

6.2

0.4

0.4

Net (loss) income attributable to controlling interest

5.8

0.4

Net (loss) income attributable to common and participating preferred stockholders

5.8

0.4

Corporate and Other

Revenues:

Selling, acquisition, operating and general expenses

91.0

52.6

22.7

91.0

52.6

22.7

(91.0)

(52.6)

(22.7)

266.3

116.1

(120.1)

372.0

(39.0)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(56.6)

(101.6)

(156.6)

27.9

Income from continuing operations before income taxes

(0.6)

(16.7)

(40.3)

(47.0)

89.5

42.0

(1.2)

Less: Net (loss) income attributable to noncontrolling interest

(45.8)

89.5

42.0

Net (loss) income attributable to controlling interest

(45.8)

89.5

42.0

Net (loss) income attributable to common and participating preferred stockholders

48.4

59.6

19.8

(94.2)

29.9

22.2

Intersegment elimination

Revenues:

(9.7)

(2.1)

(9.7)

(2.1)

Selling, acquisition, operating and general expenses

1.2

1.2

(10.9)

(2.1)

(266.3)

2.1

(116.1)

(372.0)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

9.7

Income from continuing operations before income taxes

(267.5)

(372.0)

(116.1)

Less: Net (loss) income attributable to noncontrolling interest

(267.5)

(372.0)

(116.1)

Net (loss) income attributable to controlling interest

(267.5)

(372.0)

(116.1)

Net (loss) income attributable to common and participating preferred stockholders

(267.5)

(372.0)

(116.1)

Consolidated Entities

Revenues:

4,085.6

3,252.4

3,186.9

90.2

58.8

55.3

39.0

734.7

722.7

369.8

511.6

410.0

(166.9)

62.5

40.3

48.9

5,543.4

4,480.7

3,477.7

2,695.3

2,136.8

2,058.0

44.0

Selling, acquisition, operating and general expenses

531.8

777.4

247.6

1,220.5

932.7

961.8

54.3

260.1

224.3

46.6

4,806.0

4,071.2

3,314.0

737.4

409.5

163.7

(511.9)

(249.3)

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(251.0)

(101.6)

(156.6)

27.9

158.3

41.0

Income from continuing operations before income taxes

(5.6)

(17.5)

(42.7)

118.3

25.4

57.9

187.3

(85.3)

50.6

Less: Net (loss) income attributable to noncontrolling interest

(69.0)

110.7

7.3

(23.2)

21.2

(34.7)

Net (loss) income attributable to controlling interest

(45.8)

89.5

42.0

Net (loss) income attributable to common and participating preferred stockholders

48.4

59.6

19.8

$ (94.2)

$ 29.9

$ 22.2

[1]

Quarterly Results (Unaudited) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 30, 2012

Sep. 30, 2012

Jul. 01, 2012

Apr. 01, 2012

Jan. 01, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Quarterly Financial Information Disclosure [Abstract]

$ 1,137.8

$ 1,089.8

$ 987.7

$ 870.3

$ 832.6

$ 824.8

$ 746.2

$ 848.8

$ 4,085.6

$ 3,252.4

$ 3,186.9

1,498.6

1,410.6

1,411.9

1,222.3

1,196.9

1,012.2

1,105.6

1,166.0

Gross profit

396.5

382.8

322.8

288.2

279.9

291.7

260.0

284.0

Net (loss) income attributable to common and participating preferred stockholders

205.4

182.6

134.0

215.4

120.3

81.4

96.0

111.8

737.4

409.5

163.7

$ (202.3)

$ 91.6

$ (45.5)

$ 62.0

$ 159.1

$ (149.1)

$ (3.9)

$ 23.8

$ (94.2)

$ 29.9

$ 22.2

$ (1.45)

$ 0.45

$ (0.33)

$ 0.31

$ 0.79

$ (1.07)

$ (0.02)

$ 0.12

$ (0.67)

$ 0.15

$ 0.11

^[1]

$ (1.45)

$ 0.25

$ (0.33)

$ 0.03

$ 0.78

$ (1.07)

$ (0.02)

$ 0.06

$ (0.67)

$ 0.15

$ 0.09

^[1]

[1]

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References+ Details

Subsequent Events - Additional Information (Detail) (7.875% Senior Secured Notes, due July 15, 2019, HGI, USD $)	Sep. 30, 2013	Jul. 23, 2013	Dec. 30, 2012
7.875% Senior Secured Notes, due July 15, 2019 \| HGI
Subsequent Event [Line Items]
Debt Instrument, Face Amount		$ 225,000,000	$ 700,000,000.0
Long-term debt, interest rate	7.875%		7.875%
Long-term debt, percentage		101.50%	99.36%

Schedule I - Summary of Investments, Other Than Investments in Related Parties (Details) (USD $)
In Millions, unless otherwise specified

Sep. 30, 2013

$ 16,190.1

^[1]

16,465.9

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

16,465.9

United States Government and government agencies and authorities

1,095.0

^[1]

1,100.4

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

1,100.4

States, municipalities and political subdivisions

1,014.8

^[1]

1,023.5

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

1,023.5

Foreign governments

20.0

^[1]

19.7

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

19.7

Public utilities

1,586.9

^[1]

1,634.8

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

1,634.8

Convertibles and bonds with warrants attached

^[1]

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

All other corporate bonds

11,345.4

^[1]

11,521.6

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

11,521.6

Redeemable preferred stock

^[1]

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

Total fixed maturities

15,062.1

^[1]

15,300.0

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

15,300.0

Public utilities

^[1]

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

Banks, trust, and insurance companies

143.2

^[1]

130.4

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

130.4

Industrial, miscellaneous and all other

69.5

^[1]

40.8

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

40.8

Nonredeemable preferred stock

182.0

^[1]

181.3

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

181.3

Total equity securities

394.7

^[1]

352.5

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

352.5

Derivative investments

141.7

^[1]

221.8

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

221.8

Asset-based loans

560.4

^[1]

560.4

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

560.4

Policy loans

20.5

^[1]

20.5

Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]

20.5

Other long-term investments

10.7

^[1]

10.7

Condensed Income Statements, Captions [Line Items]

$ 10.7

[1]

Schedule II - Condensed Financial Information of Registrant - Condensed Balance Sheet of Registrant (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010
ASSETS
Cash and cash equivalents	$ 1,899.7	$ 1,470.7	$ 1,137.4	$ 256.9
Receivables, net	611.3	414.4
Prepaid expenses and other current assets	75.9	53.1
Properties, net	441.0	221.6
Deferred charges and other assets	281.6	172.6
Consolidated total assets	27,908.8	25,200.4
LIABILITIES AND EQUITY
Long-term debt	4,909.7	2,165.0
Equity conversion feature of preferred stock (Note 6 and Note 18)	330.8	232.0
Deferred tax liabilities (Note 23)	492.8	382.4
Other liabilities (Note 17)	718.0	600.6
Total liabilities	26,445.9	23,282.3
Stockholders’ equity:
Common stock, $0.01 par; 500,000.0 thousand shares authorized; 142,381.1 and 140,184.0 thousand shares issued and outstanding at September 30, 2013 and 2012, respectively.	1.4	1.4
Accumulated deficit	(192.4)	(98.2)
Accumulated other comprehensive income	87.7	413.2
Total permanent equity	1,133.5	1,598.9	1,373.0	1,177.9
Total liabilities and equity	27,908.8	25,200.4
HGI
ASSETS
Cash and cash equivalents	256.9	235.8	134.8	84.3
Short-term investments	0	34.0
Receivables, net	41.0
Prepaid expenses and other current assets	3.3	6.4
Total current assets	301.2	276.2
Investments in subsidiaries and affiliates	2,049.0	2,001.8
Advances to consolidated subsidiaries	9.5	9.4
Properties, net	0.5	0.3
Deferred charges and other assets	23.1	11.6
Consolidated total assets	2,383.3	2,299.3
LIABILITIES AND EQUITY
Accounts payable	1.4	0.8
Accrued and other current liabilities	69.6	61.7
Total current liabilities	71.0	62.5
Long-term debt	924.2	497.7
Equity conversion feature of preferred stock (Note 6 and Note 18)	330.8	232.0
Employee benefit obligations	3.0	5.1
Deferred tax liabilities (Note 23)	0	4.9
Other liabilities (Note 17)	0.3	0.3
Total liabilities	1,329.3	802.5
Temporary equity
Redeemable preferred stock	329.3	319.2
Stockholders’ equity:
Common stock, $0.01 par; 500,000.0 thousand shares authorized; 142,381.1 and 140,184.0 thousand shares issued and outstanding at September 30, 2013 and 2012, respectively.	1.4	1.4
Additional paid-in capital	828.0	861.2
Accumulated deficit	(192.4)	(98.2)
Accumulated other comprehensive income	87.7	413.2
Total permanent equity	724.7	1,177.6
Total liabilities and equity	$ 2,383.3	$ 2,299.3

Schedule II - Condensed Financial Information of Registrant - Condensed Statements of Operations of Registrant (Details) (USD $)
In Millions, unless otherwise specified

1 Months Ended

3 Months Ended

12 Months Ended

Apr. 06, 2011

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 30, 2012

Sep. 30, 2012

Jul. 01, 2012

Apr. 01, 2012

Jan. 01, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2011

Acquisition related charges

$ 5,543.4

$ 4,480.7

$ 3,477.7

^[1]

Gross profit

396.5

382.8

322.8

288.2

279.9

291.7

260.0

284.0

Operating expenses:

22.7

205.4

182.6

134.0

215.4

120.3

81.4

96.0

111.8

737.4

409.5

163.7

Other income (expense):

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(511.9)

(251.0)

(249.3)

(101.6)

(156.6)

27.9

Income from continuing operations before income taxes

(5.6)

(17.5)

(42.7)

118.3

25.4

57.9

187.3

(85.3)

50.6

(69.0)

110.7

7.3

Net (loss) income attributable to common and participating preferred stockholders

48.4

59.6

19.8

(202.3)

91.6

(45.5)

62.0

159.1

(149.1)

(3.9)

23.8

(94.2)

29.9

22.2

HGI

Condensed Income Statements, Captions [Line Items]

General and administrative

Cost of revenues

Gross profit

Operating expenses:

77.4

48.4

13.9

Acquisition related charges

12.7

3.7

8.7

Total operating expenses

90.1

52.1

22.6

(90.1)

(52.1)

(22.6)

Other income (expense):

263.7

354.6

75.0

(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock

(120.1)

(56.6)

(39.0)

(101.6)

(156.6)

27.9

Income from continuing operations before income taxes

1.1

0.2

0.7

(47.0)

89.5

42.0

(1.2)

(45.8)

89.5

42.0