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Derivative Financial Instruments (Tables) | 9 Months Ended
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Jun. 30, 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 |  | June 30, 2013 |  | September 30, 2012
Derivatives designated as hedging instruments: |  |  |  |  |  |
Commodity swap and option agreements |  | Receivables, net |  | $ | — |  |  | $ | 1.0 |
Commodity swap and option agreements |  | Other assets |  | — |  |  | 1.0 |
Foreign exchange forward agreements |  | Receivables, net |  | 5.2 |  |  | 1.2 |
Foreign exchange contracts |  | Other assets |  | 0.6 |  |  | — |
Total asset derivatives designated as hedging instruments |  |  |  | 5.8 |  |  | 3.2 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | Receivables, net |  | 4.4 |  |  | — |
Call options |  | Derivatives |  | 227.4 |  |  | 200.7 |
Futures contracts |  | Derivatives |  | — |  |  | — |
Foreign exchange contracts |  | Receivables, net |  | — |  |  | — |
Total asset derivatives |  |  |  | $ | 237.6 |  |  | $ | 203.9 |
Liability Derivatives |  | Classification |  | June 30, 2013 |  | September 30, 2012
Derivatives designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | Accounts payable and other current liabilities |  | $ | 1.2 |  |  | $ | — |
Commodity contracts |  | Other liabilities |  | 0.1 |  |  | — |
Foreign exchange forward agreements |  | Accounts payable and other current liabilities |  | 0.1 |  |  | 3.1 |
Total liability derivatives designated as hedging instruments |  |  |  | 1.4 |  |  | 3.1 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | Other liabilities |  | 1.0 |  |  | — |
Commodity contracts |  | Accounts payable and other current liabilities |  | 0.2 |  |  | — |
FIA embedded derivative |  | Contractholder funds |  | 1,585.9 |  |  | 1,550.8 |
Futures contracts |  | Other liabilities |  | 0.4 |  |  | 0.9 |
Foreign exchange forward contracts |  | Other liabilities |  | 3.3 |  |  | 4.0 |
Foreign exchange forward contracts |  | Accounts payable and other current liabilities |  | 1.1 |  |  | 2.9 |
Equity conversion feature of preferred stock |  | Equity conversion feature of preferred stock |  | 147.3 |  |  | 232.0 |
Total liability derivatives |  |  |  | $ | 1,740.6 |  |  | $ | 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 nine months ended June 30, 2013 and July 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
|  | June 30, 2013 |  | July 1, 2012 |  | June 30, 2013 |  | July 1, 2012 |  |
Three months ended |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | (1.0 | ) |  | $ | (2.4 | ) |  | $ | (0.3 | ) |  | $ | (0.2 | ) |  | Consumer products cost of goods sold
Interest rate contracts |  | — |  |  | — |  |  | — |  |  | — |  |  | Interest expense
Foreign exchange contracts |  | 0.2 |  |  | (0.4 | ) |  | 0.4 |  |  | (0.1 | ) |  | Net consumer products sales
Foreign exchange contracts |  | 4.0 |  |  | 5.9 |  |  | 0.5 |  |  | 0.6 |  |  | Consumer products cost of goods sold
Total |  | $ | 3.2 |  |  | $ | 3.1 |  |  | $ | 0.6 |  |  | $ | 0.3 |  |  |
Nine months ended |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | (3.4 | ) |  | $ | (2.0 | ) |  | $ | (0.2 | ) |  | $ | (0.7 | ) |  | Consumer products cost of goods sold
Interest rate contracts |  | — |  |  | — |  |  | — |  |  | (0.9 | ) |  | Interest expense
Foreign exchange contracts |  | 0.8 |  |  | (0.1 | ) |  | 0.7 |  |  | (0.3 | ) |  | Net consumer products sales
Foreign exchange contracts |  | 7.2 |  |  | 2.4 |  |  | (0.4 | ) |  | (1.3 | ) |  | Consumer products cost of goods sold
Total |  | $ | 4.6 |  |  | $ | 0.3 |  |  | $ | 0.1 |  |  | $ | (3.2 | ) |  |
Summary of Gain (Loss) Recognized in Income on Derivatives | During the three and nine months ended June 30, 2013 and July 1, 2012 the Company recognized the following gains (losses) on these derivatives:
Derivatives Not Designated as Hedging Instruments |  | Gain (Loss) Recognized in Income on Derivatives |  | Classification
|  | Three months ended |  | Nine months ended |  |
|  | June 30, 2013 |  | July 1, 2012 |  | June 30, 2013 |  | July 1, 2012 |  |
Equity conversion feature of preferred stock |  | $ | 52.6 |  |  | $ | (125.5 | ) |  | $ | 81.9 |  |  | $ | (124.0 | ) |  | Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock
Oil and natural gas commodity contracts |  | 9.6 |  |  | — |  |  | 0.8 |  |  | — |  |  | Other income (expense), net
Commodity contracts |  | (0.2 | ) |  | — |  |  | (0.2 | ) |  | — |  |  | Consumer products cost of goods sold
Foreign exchange contracts |  | 0.5 |  |  | 7.9 |  |  | (1.8 | ) |  | 11.7 |  |  | Other income (expense), net
Call options |  | 16.5 |  |  | (44.6 | ) |  | 114.1 |  |  | 48.7 |  |  | Net investment gains (losses)
Futures contracts |  | 3.5 |  |  | (6.6 | ) |  | 12.5 |  |  | 33.9 |  |  | Net investment gains (losses)
Available-for-sale embedded derivatives |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |  |  | Net investment income
FIA embedded derivatives |  | 53.7 |  |  | 10.3 |  |  | (35.1 | ) |  | (90.1 | ) |  | Benefits and other changes in policy reserves
Total |  | $ | 136.2 |  |  | $ | (158.1 | ) |  | $ | 172.2 |  |  | $ | (119.4 | ) |  |
Volumes and Fair Value of Oil and Natural Gas Derivative Financial Instruments | The following table presents the volumes and fair value of the EXCO/HGI JV's oil and natural gas derivative financial instruments as of June 30, 2013 (presented on a calendar-year basis) :
(in millions, except volumes and prices) |  | Volume Mmmbtus/Mbbls |  | Weighted average strike price per Mmbtu/Bbl |  | June 30, 2013
Natural gas: |  |  |  |  |  |
Swaps: |  |  |  |  |  |
Remainder of 2013 |  | 10,281.0 |  |  | $ | 3.72 |  |  | $ | 0.8 |
2014 |  | 10,877.0 |  |  | 4.14 |  |  | 2.4 |
Total natural gas |  | 21,158.0 |  |  |  |  | $ | 3.2 |
Oil: |  |  |  |  |  |
Swaps: |  |  |  |  |  |
Remainder of 2013 |  | 206.0 |  |  | $ | 94.05 |  |  | $ | (0.2 | )
2014 |  | 272.0 |  |  | 91.87 |  |  | 0.5 |
Total oil |  | 478.0 |  |  |  |  | $ | 0.3 |
Total oil and natural gas derivatives |  |  |  |  |  | $ | 3.5 |
Commodity contracts [Member] |
Derivative [Line Items] |
Summary of Gain (Loss) Recognized in Income on Derivatives |
|  | June 30, 2013
|  | Three months ended |  | Nine months ended
Cash settlements on derivative financial instruments |  | $ | (1.9 | ) |  | $ | (1.3 | )
Non-cash change in fair value of derivative financial instruments |  | 11.5 |  |  | 2.1 |
Gain on oil and natural gas commodity contracts |  | $ | 9.6 |  |  | $ | 0.8 |
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:
|  |  |  | June 30, 2013 |  | September 30, 2012
Counterparty |  | Credit Rating (Moody's/S&P) |  | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Bank of America |  | Baa2/A- |  | $ | 2,098.4 |  |  | $ | 76.4 |  |  | $ | 1,884.0 |  |  | $ | 64.1 |
Deutsche Bank |  | A2/A+ |  | 1,564.0 |  |  | 57.4 |  |  | 1,816.5 |  |  | 61.7 |
Morgan Stanley |  | Baa1/A- |  | 2,024.7 |  |  | 64.5 |  |  | 1,634.7 |  |  | 51.6 |
Royal Bank of Scotland |  | Baa1/A- |  | 479.0 |  |  | 24.6 |  |  | 353.9 |  |  | 19.6 |
Barclay's Bank |  | A2/A+ |  | 127.1 |  |  | 4.5 |  |  | 131.3 |  |  | 3.1 |
Credit Suisse |  | A2/A |  | — |  |  | — |  |  | 10.0 |  |  | 0.6 |
|  |  |  | $ | 6,293.2 |  |  | $ | 227.4 |  |  | $ | 5,830.4 |  |  | $ | 200.7 |

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