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Acquisitions (Tables)

12 Months Ended

Sep. 30, 2015

Business Acquisition [Line Items]

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

he changes in the carrying amounts of goodwill and intangible assets, including DAC and VOBA balances, during Fiscal 2015 and 2014 are as follows:

					Intangible Assets
	Goodwill				Indefinite Lived				Definite Lived				VOBA				DAC				Total
Balance at September 30, 2013	$	1,476.7			$	1,178.1			$	985.1			$	225.3			$	340.6			$	2,729.1
Acquisitions (Note 4)	65.8				46.7				23.5				—				—				70.2
Deferrals	—				—				—				—				239.0				239.0
Less: Components of amortization -
Periodic amortization					—				(81.7		)		(92.4		)		(58.0		)		(232.1		)
Interest	—				—				—				15.0				13.6				28.6
Unlocking	—				—				—				21.6				2.7				24.3
Adjustment for unrealized investment losses, net	—				—				—				(82.7		)		(74.1		)		(156.8		)
Effect of translation	(17.7		)		(8.9		)		(9.7		)		—				—				(18.6		)
Balance at September 30, 2014	1,524.8				1,215.9				917.2				86.8				463.8				2,683.7
Acquisitions (Note 4)	1,054.7				341.5				184.9				—				—				526.4
Impairments (Note 2)	(28.3		)		(31.9		)		—				—				—				(31.9		)
Deconsolidation in connection to bankruptcy of a subsidiary (Note 1)	(16.2		)		(9.9		)		—				—				—				(9.9		)
Deferrals	—				—				—				—				320.1				320.1
Less: Components of amortization -
Periodic amortization	—				—				(87.8		)		(53.5		)		(45.7		)		(187.0		)
Interest	—				—				—				12.3				21.7				34.0
Unlocking	—				—				—				19.4				4.0				23.4
Adjustment for unrealized investment (gains), net	—				—				—				164.9				54.8				219.7
Effect of translation	(47.6		)		(25.3		)		(24.3		)		—				—				(49.6		)
Balance at September 30, 2015	$	2,487.4			$	1,490.3			$	990.0			$	229.9			$	818.7			$	3,528.9

Summary of fair value of assets acquired and liabilities assumed

The following table presents a summary of the fair value of assets and liabilities on October 31, 2014, which was the date the Company acquired control of Compass through HGI Energy's acquisition of the additional interest from EXCO:

		Purchase Price
Cash paid upon the acquisition of additional interest		$	118.8
Fair value of equity investment in Compass prior to acquisition		346.9
Total purchase price		$	465.7
		Purchase Price Allocation
Cash and cash equivalents		$	30.1
Receivables, net		17.8
Inventories, net		1.4
Properties, including oil and natural gas properties, net		811.1
Other assets		12.3
Debt		(327.0		)
Accounts payable and other current liabilities		(42.3		)
Other liabilities		(36.9		)
Total net assets acquired		466.5
Non-controlling interests		(0.8		)
Total net assets acquired		$	465.7

Components of net deferred tax assets

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

		September 30,
		2015				2014
Deferred tax assets:
Employee benefits		$	84.2			$	84.3
Restructuring		4.1				7.0
Inventories and receivables		35.3				25.6
Marketing and promotional accruals		14.4				16.0
Net operating loss, credit and capital loss carry forwards		1,040.2				930.6
Prepaid royalty		6.3				6.6
Unrealized losses on mark-to-market securities		19.9				15.0
Insurance reserves and claim related adjustments		467.5				483.8
Insurance receivables		21.2				—
Outside basis difference		217.3				43.8
Investments		24.0				—
Other		139.5				101.2
Total deferred tax assets		2,073.9				1,713.9
Less: Valuation allowance		1,019.9				778.5
Net deferred tax assets		1,054.0				935.4
Deferred tax liabilities:
Property, plant and equipment		(15.1		)		(13.5		)
Unrealized gains		(23.8		)		(21.2		)
Intangibles		(855.9		)		(735.6		)
Value of business acquired		(65.0		)		(20.8		)
Deferred acquisition costs		(209.0		)		(104.2		)
Investments		(87.4		)		(338.3		)
Insurance reserves and claim related adjustments		(14.9		)		—
Redemption of long term debt		(11.8		)		(10.0		)
Other		(99.7		)		(38.4		)
Total deferred tax liabilities		(1,382.6		)		(1,282.0		)
Net deferred tax liability		$	(328.6	)		$	(346.6	)

Company's unaudited pro forma results

The following unaudited pro forma combined financial information presents the Company’s pro forma results for Fiscal 2015 and 2014 had the results of the AAG been combined as of October 1, 2013:

		Fiscal
		2015				2014
		(Unaudited)
Pro forma revenues		$	6,091.8			$	6,406.3
Pro forma net loss		(517.5		)		(71.4		)
Pro forma net loss per common share attributable to controlling interest - basic		(2.61		)		(0.44		)
Pro forma net loss per common share attributable to controlling interest - diluted		(2.61		)		(0.44		)

Summary of acquisition and integration related charges incurred

The following table summarizes acquisition and integration related charges incurred by the Company for Fiscal 2015, 2014 and 2013:

	Fiscal
	2015				2014				2013
Armored AutoGroup	$	21.8			$	—			$	—
HHI Business	12.0				11.1				36.9
Salix	10.7				—
European IAMS and Eukanuba	9.3				—				—
Compass	1.9				0.8				9.2
Other	6.4				12.5				16.3
Total acquisition and integration related charges	$	62.1			$	24.4			$	62.4

European IAMS and Eukanuba [Member]

Business Acquisition [Line Items]

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

The values allocated to intangible assets and the weighted average useful lives are as follows:

		Carrying Amount				Weighted Average Useful Life (Years)
Tradenames		$	25.5			Indefinite
Technology		3.6				8
Customer relationships		10.5				14
Total intangibles acquired		$	39.6

Summary of fair value of assets acquired and liabilities assumed

The calculation of the purchase price and purchase price allocation is as follows:

		Purchase Price
Cash consideration		$	115.7
		Purchase Price Allocation
Inventories, net		$	16.3
Properties, net		58.3
Goodwill		4.0
Intangibles, net		39.6
Other assets		2.9
Accounts payable and other accrued liabilities		(2.7		)
Other liabilities		$	(2.7	)
Total net assets acquired		$	115.7

AAG Acquisition [Member]

Business Acquisition [Line Items]

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

		Carrying Amount				Weighted Average Useful Life (Years)
Tradenames		$	295.0			Indefinite
Technology		41.0				10
Licensing agreements		19.0				10
Customer relationships		63.0				15
Total intangibles acquired		$	418.0

Summary of fair value of assets acquired and liabilities assumed

The calculation of purchase price and purchase price allocation is as follows:

		Purchase Price
Cash consideration		$	929.3
		Purchase Price Allocation
Cash and cash equivalents		$	30.9
Receivables, net		156.1
Inventories, net		84.2
Properties, net		38.3
Goodwill		972.1
Intangibles, net		418.0
Other assets		24.7
Accounts payable and other current liabilities		(116.1		)
Debt		(540.0		)
Other liabilities		$	(138.9	)
Total net assets acquired		$	929.3

Salix Animal Health LLC [Member]

Business Acquisition [Line Items]

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

The values allocated to intangible assets and the weighted average useful lives are as follows:

		Carrying Amount				Weighted Average Useful Life (Years)
Tradenames		$	17.0			Indefinite
Technology		1.0				13
Licensing agreements		2.1				17
Customer relationships		35.4				13
Total intangibles acquired		$	55.5

Summary of fair value of assets acquired and liabilities assumed

The calculation of the purchase price and purchase price allocation is as follows:

		Purchase Price
Cash consideration		$	146.8
Contingent consideration		1.5
Total purchase price		148.3
		Purchase Price Allocation
Cash and cash equivalents		$	0.5
Receivables, net		10.7
Inventories, net		17.0
Properties, net		1.2
Goodwill		71.5
Intangibles, net		55.5
Other assets		2.5
Accounts payable and other current liabilities		(8.5		)
Other liabilities		$	(2.1	)
Total net assets acquired		$	148.3

The Liquid Fence Company [Member]

Business Acquisition [Line Items]

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

The values allocated to intangible assets and the weighted average useful lives are as follows:

		Carrying Amount				Weighted Average Useful Life (Years)
Tradenames		$	5.1			Indefinite
Technology		20.5				17
Customer relationships		1.3				15
Total intangibles acquired		$	26.9

Summary of fair value of assets acquired and liabilities assumed

		Purchase Price
Cash consideration		$	24.8
Promissory note		9.5
Contingent consideration		1.5
Total purchase price		$	35.8
		Purchase Price Allocation
Cash and cash equivalents		$	0.1
Receivables. net		1.1
Inventories, net		2.1
Property, net		0.1
Goodwill		7.1
Intangibles. net		26.9
Accounts payable and other current liabilities		(1.6		)
Total net assets acquired		$	35.8

FOH [Member]

Business Acquisition [Line Items]

Summary of fair value of assets acquired and liabilities assumed

The calculation of purchase price and purchase price allocation is as follows:

		Purchase Price
Fair value of previously held equity interest (Series B preferred stock)		$	12.0
Series A preferred stock purchase		1.5
Purchase price		$	13.5
		Purchase Price Allocation
Cash and cash equivalents		$	0.8
Receivable,net		0.7
Inventories,net		12.4
Property, net		1.2
Goodwill		43.9
Intangibles, net		41.7
Other Assets		2.8
Total liabilities assumed		(81.7		)
Total net assets acquired		21.8
Non-controlling interest		(8.3		)
Total net assets acquired		13.5

Tell Manufacturing [Member]

Business Acquisition [Line Items]

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

The values allocated to intangible assets and the weighted average useful lives are as follows:

		Carrying Amount				Weighted Average Useful Life (Years)
Tradenames		$	4.0			Indefinite
Customer relationships		8.5				13
Total intangibles acquired		$	12.5

Summary of fair value of assets acquired and liabilities assumed

The calculation of the purchase price and purchase price allocation is as follows:

		Purchase Price
Cash consideration		$	30.3
		Purchase Price Allocation
Cash and cash equivalents		$	1.1
Receivables. net		6.0
Inventories, net		7.2
Property, net		1.5
Intangibles. net		12.5
Goodwill		7.1
Other assets		0.6
Accounts payable and other current liabilities		(5.7		)
Total net assets acquired		$	30.3

Ability Re [Member]

Business Acquisition [Line Items]

Summary of fair value of assets acquired and liabilities assumed

The following table summarizes the consideration paid by Front Street Cayman for Ability Re:

		Purchase Price
Cash paid at November 3, 2014 close		$	17.9
Cash purchase price adjustments		(1.5		)
Contingent consideration premium increase benefit		2.8
Total purchase price		$	19.2
		Purchase Price Allocation
Cash and cash equivalents		$	8.4
Investments		0.1
Funds withheld		359.5
Insurance reserves		(346.9		)
Other liabilities		(1.9		)
Total net assets acquired		$	19.2

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