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Derivative Financial Instruments (Tables) | 6 Months Ended
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Mar. 31, 2013
Derivative [Line Items] |
Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets | The fair value of outstanding derivative contracts recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
Asset Derivatives |  | Classification |  | March 31, 2013 |  | September 30, 2012
Derivatives designated as hedging instruments: |  |  |  |  |  |
Commodity swap and option agreements |  | Receivables, net |  | $ | 0.1 |  |  | $ | 1.0 |
Commodity swap and option agreements |  | Other assets |  | 0.1 |  |  | 1.0 |
Foreign exchange forward agreements |  | Receivables, net |  | 3.0 |  |  | 1.2 |
Foreign exchange contracts |  | Other assets |  | 0.1 |  |  | — |
Total asset derivatives designated as hedging instruments |  |  |  | 3.3 |  |  | 3.2 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | Derivatives |  | 0.2 |  |  | — |
Call options |  | Derivatives |  | 262.0 |  |  | 200.7 |
Futures contracts |  | Derivatives |  | 0.4 |  |  | — |
Foreign exchange contracts |  | Receivables, net |  | 0.1 |  |  | — |
Total asset derivatives |  |  |  | $ | 266.0 |  |  | $ | 203.9 |
Liability Derivatives |  | Classification |  | March 31, 2013 |  | September 30, 2012
Derivatives designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | Accounts payable and other current liabilities |  | $ | 0.7 |  |  | $ | — |
Commodity contracts |  | Other liabilities |  | 0.1 |  |  | — |
Foreign exchange forward agreements |  | Accounts payable and other current liabilities |  | 0.7 |  |  | 3.1 |
Foreign exchange contracts |  | Other liabilities |  | 0.1 |  |  | — |
Total liability derivatives designated as hedging instruments |  |  |  | 1.6 |  |  | 3.1 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | Other liabilities |  | 8.3 |  |  | — |
FIA embedded derivative |  | Contractholder funds |  | 1,639.6 |  |  | 1,550.8 |
Futures contracts |  | Other liabilities |  | — |  |  | 0.9 |
Foreign exchange forward agreements |  | Accounts payable and other current liabilities |  | 3.2 |  |  | 4.0 |
Foreign exchange forward agreements |  | Other liabilities |  | 0.8 |  |  | 2.9 |
Equity conversion feature of preferred stock |  | Equity conversion feature of preferred stock |  | 202.7 |  |  | 232.0 |
Total liability derivatives |  |  |  | $ | 1,856.2 |  |  | $ | 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 and six months ended March 31, 2013 and April 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
|  | March 31, 2013 |  | April 1, 2012 |  | March 31, 2013 |  | April 1, 2012 |  |
Three months ended |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | (2.2 | ) |  | $ | 1.2 |  |  | $ | 0.2 |  |  | $ | (0.1 | ) |  | Consumer products cost of goods sold
Interest rate contracts |  | — |  |  | — |  |  | — |  |  | (0.2 | ) |  | Interest expense
Foreign exchange contracts |  | 0.1 |  |  | 0.4 |  |  | 0.2 |  |  | (0.1 | ) |  | Net consumer products sales
Foreign exchange contracts |  | 3.6 |  |  | (4.8 | ) |  | (0.4 | ) |  | (0.7 | ) |  | Consumer products cost of goods sold
Total |  | $ | 1.5 |  |  | $ | (3.2 | ) |  | $ | — |  |  | $ | (1.1 | ) |  |
Six months ended |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | (2.4 | ) |  | $ | 0.4 |  |  | $ | 0.1 |  |  | $ | (0.5 | ) |  | Consumer products cost of goods sold
Interest rate contracts |  | — |  |  | — |  |  | — |  |  | (0.9 | ) |  | Interest expense
Foreign exchange contracts |  | 0.6 |  |  | 0.3 |  |  | 0.3 |  |  | (0.2 | ) |  | Net consumer products sales
Foreign exchange contracts |  | 3.2 |  |  | (3.5 | ) |  | (0.9 | ) |  | (1.9 | ) |  | Consumer products cost of goods sold
Total |  | $ | 1.4 |  |  | $ | (2.8 | ) |  | $ | (0.5 | ) |  | $ | (3.5 | ) |  |
Summary of Gain (Loss) Recognized in Income on Derivatives | During the three and six months ended March 31, 2013 and April 1, 2012 the Company recognized the following (losses) gains on these derivatives:
Derivatives Not Designated as Hedging Instruments |  | Gain (Loss) Recognized in Income on Derivatives |  | Classification
|  | Three months ended |  | Six months ended |  |
|  | March 31, 2013 |  | April 1, 2012 |  | March 31, 2013 |  | April 1, 2012 |  |
Equity conversion feature of preferred stock |  | $ | (39.6 | ) |  | $ | (26.4 | ) |  | $ | 29.3 |  |  | $ | 1.5 |  |  | (Loss) gain from the change in the fair value of the equity conversion feature of preferred stock
Oil and natural gas commodity contracts |  | (8.8 | ) |  | — |  |  | (8.8 | ) |  | — |  |  | Other expense, net
Foreign exchange contracts |  | 1.8 |  |  | (3.5 | ) |  | (2.3 | ) |  | 3.8 |  |  | Other expense, net
Call options |  | 118.5 |  |  | 73.4 |  |  | 97.6 |  |  | 93.3 |  |  | Net investment gains
Futures contracts |  | 13.7 |  |  | 25.6 |  |  | 9.0 |  |  | 40.5 |  |  | Net investment gains
FIA embedded derivatives |  | (122.6 | ) |  | (41.7 | ) |  | (88.8 | ) |  | (100.4 | ) |  | Benefits and other changes in policy reserves
Total |  | $ | (37.0 | ) |  | $ | 27.4 |  |  | $ | 36.0 |  |  | $ | 38.7 |  |  |
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 Partnership's oil and natural gas derivative financial instruments as of March 31, 2013:
(in millions, except prices) |  | Volume Mmbtus/Bbls |  | Weighted average strike price per Mmbtu/Bbl |  | Fair value at March 31, 2013
Natural gas: |  |  |  |  |  |
Swaps: |  |  |  |  |  |
Remainder of 2013 |  | 15.4 |  |  | $ | 3.72 |  |  | $ | (6.0 | )
2014 |  | 10.9 |  |  | 4.14 |  |  | (1.0 | )
Total natural gas |  | 26.2 |  |  |  |  | $ | (7.0 | )
Oil: |  |  |  |  |  |
Swaps: |  |  |  |  |  |
Remainder of 2013 |  | 0.3 |  |  | $ | 94.05 |  |  | $ | (0.8 | )
2014 |  | 0.3 |  |  | 91.87 |  |  | (0.3 | )
Total oil |  | 0.6 |  |  |  |  | $ | (1.1 | )
Total oil and natural gas commodity contract derivatives |  |  |  |  |  | $ | (8.1 | )
Commodity contracts [Member] |
Derivative [Line Items] |
Summary of Gain (Loss) Recognized in Income on Derivatives |
|  | Three and six months ended
|  | March 31, 2013
Cash settlements on derivative financial instruments |  | $ | 0.6 |
Non-cash change in fair value of derivative financial instruments |  | (9.4 | )
Loss on oil and natural gas commodity contracts |  | $ | (8.8 | )
Call options [Member] |
Derivative [Line Items] |
FGL's Exposure to Credit Loss on Call Options Held | Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
|  |  |  | March 31, 2013 |  | September 30, 2012
Counterparty |  | Credit Rating (Moody's/S&P) |  | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Bank of America |  | Baa2/A- |  | $ | 1,936.9 |  |  | $ | 81.0 |  |  | $ | 1,884.0 |  |  | $ | 64.1 |
Morgan Stanley |  | Baa1/A- |  | 1,938.6 |  |  | 80.3 |  |  | 1,634.7 |  |  | 51.6 |
Deutsche Bank |  | A2/A+ |  | 1,723.0 |  |  | 69.6 |  |  | 1,816.5 |  |  | 61.7 |
Royal Bank of Scotland |  | Baa1/A- |  | 468.0 |  |  | 27.7 |  |  | 353.9 |  |  | 19.6 |
Barclay's Bank |  | A2/A+ |  | 116.7 |  |  | 3.4 |  |  | 131.3 |  |  | 3.1 |
Credit Suisse |  | A2/A |  | — |  |  | — |  |  | 10.0 |  |  | 0.6 |
|  |  |  | $ | 6,183.2 |  |  | $ | 262.0 |  |  | $ | 5,830.4 |  |  | $ | 200.7 |

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