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Derivative Financial Instruments (Tables) | 3 Months Ended
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Dec. 30, 2012
Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets | The fair value of outstanding derivative contracts recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
Asset Derivatives |  | Classification |  | December 30, 2012 |  |  | September 30, 2012 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Commodity swap and option agreements |  | Receivables, net |  | $ | 1.1 |  |  | $ | 1.0 |
Commodity swap and option agreements |  | Other assets |  |  | 0.7 |  |  |  | 1.0 |
Foreign exchange forward agreements |  | Receivables, net |  |  | 0.6 |  |  |  | 1.2 |
Total asset derivatives designated as hedging instruments |  |  |  |  | 2.4 |  |  |  | 3.2 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Call options |  | Derivative investments |  |  | 152.5 |  |  |  | 200.7 |
Futures contracts |  | Derivative investments |  |  | 3.9 |  |  |  | — |
Total asset derivatives |  |  |  | $ | 158.8 |  |  | $ | 203.9 |
Liability Derivatives |  | Classification |  | December 30, 2012 |  |  | September 30, 2012 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign exchange forward agreements |  | Accounts payable and other current liabilities |  | $ | 2.1 |  |  | $ | 3.1 |
Total liability derivatives designated as hedging instruments |  |  |  |  | 2.1 |  |  |  | 3.1 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
FIA embedded derivative |  | Contractholder funds |  |  | 1,517.0 |  |  |  | 1,550.8 |
Futures contracts |  | Other liabilities |  |  | — |  |  |  | 0.9 |
Foreign exchange forward agreements |  | Accounts payable and other current liabilities |  |  | 5.7 |  |  |  | 4.0 |
Foreign exchange forward agreements |  | Other liabilities |  |  | 2.8 |  |  |  | 2.9 |
Equity conversion feature of preferred stock |  | Equity conversion feature of preferred stock |  |  | 163.1 |  |  |  | 232.0 |
Total liability derivatives |  |  |  | $ | 1,690.7 |  |  | $ | 1,793.7 |
Pretax Impact of Derivative Instruments Designated as Cash Flow Hedges on Accompanying Condensed Consolidated Statements of Operations, and Within AOCI | The following table summarizes the pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI, for the three months ended December 30, 2012 and January 1, 2012:
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) |  |  | Classification
Three Months Ended |  | December 30, 2012 |  |  | January 1, 2012 |  |  | December 30, 2012 |  |  | January 1, 2012 |  |  |
Commodity contracts |  | $ | (0.2 | ) |  | $ | (0.8 | ) |  | $ | (0.1 | ) |  | $ | (0.4 | ) |  | Consumer products cost of goods sold
Interest rate contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.7 | ) |  | Interest expense
Foreign exchange contracts |  |  | 0.5 |  |  |  | (0.1 | ) |  |  | 0.1 |  |  |  | (0.1 | ) |  | Net consumer products sales
Foreign exchange contracts |  |  | (0.4 | ) |  |  | 1.3 |  |  |  | (0.5 | ) |  |  | (1.2 | ) |  | Consumer products cost of goods sold
Total |  | $ | (0.1 | ) |  | $ | 0.4 |  |  | $ | (0.5 | ) |  | $ | (2.4 | ) |  |
Summary of Gain (Loss) Recognized in Income on Derivatives | During the three months ended December 30, 2012 and January 1, 2012 the Company recognized the following gains on these derivatives:
Derivatives Not Designated as Hedging Instruments |  | Gain (Loss) Recognized in Income on Derivatives |  |  | Classification
Three Months Ended |  | December 30, 2012 |  |  | January 1, 2012 |  |  |
Equity conversion feature of preferred stock |  | $ | 68.9 |  |  | $ | 27.9 |  |  | Gain from the change in the fair value of the equity conversion feature of preferred stock
Foreign exchange contracts |  |  | (4.1 | ) |  |  | 7.3 |  |  | Other (expense) income, net
Call options |  |  | (20.9 | ) |  |  | 19.9 |  |  | Net investment gains
Futures contracts |  |  | (4.7 | ) |  |  | 14.9 |  |  | Net investment gains
FIA embedded derivatives |  |  | 33.8 |  |  |  | (58.7 | ) |  | Benefits and other changes in policy reserves
Total |  | $ | 73.0 |  |  | $ | 11.3 |  |  |
Call options [Member] |
FGL's Exposure to Credit Loss on Call Options Held | Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
|  | Credit Rating (Moody’s/S&P) |  | December 30, 2012 |  |  | September 30, 2012 |
Counterparty |  |  | Notional Amount |  |  | Fair Value |  |  | Notional Amount |  |  | Fair Value |
Bank of America |  | Baa2/A- |  | $ | 1,760.5 |  |  | $ | 45.1 |  |  | $ | 1,884.0 |  |  | $ | 64.1 |
Deutsche Bank |  | A2/A+ |  |  | 1,892.7 |  |  |  | 46.8 |  |  |  | 1,816.5 |  |  |  | 61.7 |
Morgan Stanley |  | Baa1/A- |  |  | 1,869.8 |  |  |  | 43.4 |  |  |  | 1,634.7 |  |  |  | 51.6 |
Royal Bank of Scotland |  | Baa1/A- |  |  | 352.4 |  |  |  | 15.2 |  |  |  | 353.9 |  |  |  | 19.6 |
Barclay’s Bank |  | A2/A+ |  |  | 119.9 |  |  |  | 2.0 |  |  |  | 131.3 |  |  |  | 3.1 |
Credit Suisse |  | A2/A |  |  | — |  |  |  | — |  |  |  | 10.0 |  |  |  | 0.6 |
|  |  |  | $ | 5,995.3 |  |  | $ | 152.5 |  |  | $ | 5,830.4 |  |  | $ | 200.7 |

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