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Derivative Financial Instruments (Tables) | 9 Months Ended
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Jul. 01, 2012
Derivative Financial Instruments [Abstract] |
Pretax impact of derivative instruments designated as cash flow hedges on the 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) |  |  | Location of Gain (Loss) Recognized in Income on Derivatives
Three Months |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  |
Commodity contracts |  | $ | (2,368 | ) |  | $ | (109 | ) |  | $ | (120 | ) |  | $ | 587 |  |  | $ | (6 | ) |  | $ | 16 |  |  | Cost of goods sold
Interest rate contracts |  |  | — |  |  |  | (42 | ) |  |  | — |  |  |  | (839 | ) |  |  | — |  |  |  | (44 | ) |  | Interest expense
Foreign exchange contracts |  |  | (395 | ) |  |  | (11 | ) |  |  | (129 | ) |  |  | 105 |  |  |  | — |  |  |  | — |  |  | Net sales
Foreign exchange contracts |  |  | 5,973 |  |  |  | (5,011 | ) |  |  | 558 |  |  |  | (4,346 | ) |  |  | — |  |  |  | — |  |  | Cost of goods sold
Total |  | $ | 3,210 |  |  | $ | (5,173 | ) |  | $ | 309 |  |  | $ | (4,493 | ) |  | $ | (6 | ) |  | $ | (28 | ) |  |
Nine Months |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  |
Commodity contracts |  | $ | (1,989 | ) |  | $ | 1,764 |  |  | $ | (675 | ) |  | $ | 1,921 |  |  | $ | 8 |  |  | $ | 17 |  |  | Cost of goods sold
Interest rate contracts |  |  | 15 |  |  |  | (102 | ) |  |  | (864 | ) |  |  | (2,527 | ) |  |  | — |  |  |  | (294 | ) |  | Interest expense
Foreign exchange contracts |  |  | (61 | ) |  |  | 216 |  |  |  | (339 | ) |  |  | (102 | ) |  |  | — |  |  |  | — |  |  | Net sales
Foreign exchange contracts |  |  | 2,426 |  |  |  | (15,801 | ) |  |  | (1,336 | ) |  |  | (8,438 | ) |  |  | — |  |  |  | — |  |  | Cost of goods sold
Total |  | $ | 391 |  |  | $ | (13,923 | ) |  | $ | (3,214 | ) |  | $ | (9,146 | ) |  | $ | 8 |  |  | $ | (277 | ) |  |
Call options [Member] |
Derivative Financial Instruments [Abstract] |
FGL's exposure to credit loss on the call options held |
|  | Credit Rating (Moody’s/S&P) |  | July 1, 2012 |  |  | September 30, 2011 |
Counterparty |  |  | Notional Amount |  |  | Fair Value |  |  | Notional Amount |  |  | Fair Value |
Bank of America |  | Baa2/A- |  | $ | 1,910,817 |  |  | $ | 49,687 |  |  | $ | 1,692,142 |  |  | $ | 14,637 |
Morgan Stanley |  | Baa1/A- |  |  | 1,784,389 |  |  |  | 42,854 |  |  |  | 1,629,247 |  |  |  | 15,373 |
Deutsche Bank |  | A2/A+ |  |  | 1,570,297 |  |  |  | 40,107 |  |  |  | 1,463,596 |  |  |  | 11,402 |
Royal Bank of Scotland |  | Baa1/A- |  |  | 239,175 |  |  |  | 11,580 |  |  |  | — |  |  |  | — |
Barclay’s Bank |  | A2/A+ |  |  | 139,534 |  |  |  | 2,436 |  |  |  | 385,189 |  |  |  | 4,105 |
Nomura |  | Baa2/A- |  |  | 107,000 |  |  |  | 9,897 |  |  |  | 107,000 |  |  |  | 4,033 |
Credit Suisse |  | A2/A |  |  | 20,000 |  |  |  | 358 |  |  |  | 327,095 |  |  |  | 2,785 |
|  |  |  | $ | 5,771,212 |  |  | $ | 156,919 |  |  | $ | 5,604,269 |  |  | $ | 52,335 |
Consumer Products and Other: |
Derivative Financial Instruments [Abstract] |
Fair value of outstanding derivative contracts in Condensed Consolidated Balance Sheets |
Asset Derivatives |  | Classification |  | July 1, 2012 |  |  | September 30, 2011 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | Receivables |  | $ | — |  |  | $ | 274 |
Foreign exchange contracts |  | Receivables |  |  | 4,959 |  |  |  | 3,189 |
Foreign exchange contracts |  | Deferred charges and other assets |  |  | 326 |  |  |  | — |
Total asset derivatives designated as hedging instruments |  |  |  |  | 5,285 |  |  |  | 3,463 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Receivables |  |  | 271 |  |  |  | — |
Total asset derivatives |  |  |  | $ | 5,556 |  |  | $ | 3,463 |
Liability Derivatives |  | Classification |  | July 1, 2012 |  |  | September 30, 2011 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Accounts payable |  | $ | — |  |  | $ | 1,246 |
Interest rate contracts |  | Accrued and other current liabilities |  |  | — |  |  |  | 708 |
Commodity contracts |  | Accounts payable |  |  | 1,801 |  |  |  | 1,228 |
Commodity contracts |  | Other liabilities |  |  | 892 |  |  |  | 4 |
Foreign exchange contracts |  | Accounts payable |  |  | 753 |  |  |  | 2,698 |
Total liability derivatives designated as hedging instruments |  |  |  |  | 3,446 |  |  |  | 5,884 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Accounts payable |  |  | 1,780 |  |  |  | 10,945 |
Foreign exchange contracts |  | Other liabilities |  |  | 1,504 |  |  |  | 12,036 |
Equity conversion feature of preferred stock |  | Equity conversion feature of preferred stock |  |  | 199,360 |  |  |  | 75,350 |
Total liability derivatives |  |  |  | $ | 206,090 |  |  | $ | 104,215 |
Summary of Gain (Loss) Recognized in Income on Derivatives |
Derivatives Not Designated as Hedging Instruments |  | Amount of Gain (Loss) Recognized in Income on Derivatives |  |  | Location of Gain (Loss) Recognized in Income on Derivatives
|  | Three Months |  |  | Nine Months |  |  |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |  |  |
Equity conversion feature of preferred stock |  | $ | (125,540 | ) |  | $ | 5,960 |  |  | $ | (124,010 | ) |  | $ | 5,960 |  |  | (Increase) decrease in fair value of equity conversion feature of preferred stock
Foreign exchange contracts |  |  | 7,941 |  |  |  | (7,578 | ) |  |  | 11,734 |  |  |  | (17,468 | ) |  | Other income (expense), net
Total |  | $ | (117,599 | ) |  | $ | (1,618 | ) |  | $ | (112,276 | ) |  | $ | (11,508 | ) |  |
Insurance and Financial Services: |
Derivative Financial Instruments [Abstract] |
Fair value of outstanding derivative contracts in Condensed Consolidated Balance Sheets |
|  | July 1, 2012 |  |  | September 30, 2011 |
Assets: |  |  |  |  |  |  |  |
Derivative investments: |  |  |  |  |  |  |  |
Call options |  | $ | 156,919 |  |  | $ | 52,335 |
Futures contracts |  |  | 3,646 |  |  |  | — |
|  | $ | 160,565 |  |  | $ | 52,335 |
Liabilities: |  |  |  |  |  |  |  |
Contractholder funds: |  |  |  |  |  |  |  |
FIA embedded derivative |  | $ | 1,486,465 |  |  | $ | 1,396,340 |
Other liabilities: |  |  |  |  |  |  |  |
Futures contracts |  |  | — |  |  |  | 3,828 |
Available-for-sale embedded derivative |  |  | — |  |  |  | 400 |
|  | $ | 1,486,465 |  |  | $ | 1,400,568 |
Summary of Gain (Loss) Recognized in Income on Derivatives |
|  | Three Month Period Ended |  |  | Nine Month Period Ended |
|  | July 1, 2012 |  |  | July 3, 2011 |  |  | July 1, 2012 |  |  | July 3, 2011 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net investment gains (losses): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Call options |  | $ | (44,557 | ) |  | $ | (15,400 | ) |  | $ | 48,722 |  |  | $ | (15,400 | )
Futures contracts |  |  | (6,577 | ) |  |  | 1,596 |  |  |  | 33,926 |  |  |  | 1,596 |
|  |  | (51,134 | ) |  |  | (13,804 | ) |  |  | 82,648 |  |  |  | (13,804 | )
Net investment income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale embedded derivatives |  |  | 376 |  |  |  | 8 |  |  |  | 400 |  |  |  | 8 |
|  | $ | (50,758 | ) |  | $ | (13,796 | ) |  | $ | 83,048 |  |  | $ | (13,796 | )
Benefits and other changes in policy reserves: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FIA embedded derivatives |  | $ | (10,338 | ) |  | $ | (21,802 | ) |  | $ | 90,125 |  |  | $ | (21,802 | )

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- Definition Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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