XML 47 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
Goodwill and Intangibles, including DAC and VOBA (Tables) - Segment [Domain] - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]        
Schedule of Indefinite-Lived Intangible Assets [Table Text Block]    
 
Amortizable Life
 
Minimum
 
Maximum
 
 
 
 
Customer relationships
2
 
20
Trade names
3
 
13
Technology Assets
4
 
17
 
 
 
 
2015
90.0

 
 
2016
90.0

 
 
2017
90.0

 
 
2018
90.0

 
 
  
Amortization of intangibles $ 99.6 $ 40.7 $ 149.6 $ 121.5
Summary of Definite Lived Intangible Assets    
A summary of the changes in the carrying amounts of goodwill and intangible assets, including DAC and VOBA balances, are as follows:
 
 
 
Intangible Assets
 
Goodwill
 
Indefinite Lived
 
Definite Lived
 
VOBA
 
DAC
 
Total
Balance at September 30, 2014
$
1,524.8

 
$
1,215.9

 
$
917.2

 
$
86.8

 
$
463.8

 
$
2,683.7

Acquisitions
1,046.4

 
349.7

 
191.7

 
—

 
—

 
541.4

Impairments
(28.3
)
 
(31.9
)
 
—

 
—

 
—

 
(31.9
)
Deconsolidation in connection to bankruptcy of a subsidiary
(16.2
)
 
(9.9
)
 
 
 
 
 
 
 
(9.9
)
Deferrals
—

 
—

 
—

 
—

 
251.4

 
251.4

Less: Components of amortization
 
 
 
 
 
 
 
 
 
 
 
Periodic amortization
—

 
—

 
(64.0
)
 
(49.2
)
 
(59.3
)
 
(172.5
)
Interest
—

 
—

 
—

 
9.2

 
16.2

 
25.4

Unlocking
—

 
—

 
—

 
2.4

 
(4.9
)
 
(2.5
)
Adjustment for unrealized investment (gains), net
—

 
—

 
—

 
49.1

 
92.4

 
141.5

Effect of translation
(28.0
)
 
(22.0
)
 
(18.6
)
 
—

 
—

 
(40.6
)
Balance at June 30, 2015
$
2,498.7

 
$
1,501.8

 
$
1,026.3

 
$
98.3

 
$
759.6

 
$
3,386.0

Definite lived intangible assets are summarized as follows:
 
June 30, 2015
 
September 30, 2014
 
 
 
Cost
 
Accumulated Amortization
 
Net
 
Cost
 
Accumulated Amortization
 
Net
 
Amortizable Life
Customer relationships
$
992.0

 
$
(234.4
)
 
$
757.6

 
$
877.1

 
$
(204.6
)
 
$
672.5

 
2 to 20 years
Trade names
171.6

 
(73.2
)
 
98.4

 
171.1

 
(61.0
)
 
110.1

 
3 to 13 years
Technology assets
242.6

 
(72.3
)
 
170.3

 
192.2

 
(57.6
)
 
134.6

 
4 to 17 years
 
$
1,406.2

 
$
(379.9
)
 
$
1,026.3

 
$
1,240.4

 
$
(323.2
)
 
$
917.2

 
 
  
Summary of Amortization Expense of Definite Lived Intangible Assets    
Amortization expense for definite lived intangible assets was as follows:
 
Three months ended June 30,
 
Nine months ended June 30,
 
2015
 
2014
 
2015
 
2014
Customer relationships
$
12.9

 
$
11.7

 
$
37.0

 
$
35.0

Trade names
4.1

 
4.1

 
12.3

 
12.3

Technology assets
5.3

 
4.7

 
14.7

 
13.9

 
$
22.3

 
$
20.5

 
$
64.0

 
$
61.2

Amortization expense for VOBA and DAC was as follows:
 
Three months ended June 30,
 
Nine months ended June 30,
 
2015
 
2014
 
2015
 
2014
Amortization expense for VOBA
$
23.6

 
$
10.8

 
$
37.6

 
$
34.9

Amortization expense for DAC
53.7

 
9.4

 
48.0

 
25.4

  
Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods    
stimated amortization expense for VOBA in future fiscal periods is as follows:
 
 
Estimated Amortization Expense
Fiscal Year
 
VOBA
2015
 
$
9.8

2016
 
37.1

2017
 
31.3

2018
 
25.2

2019
 
20.3

Thereafter
 
89.5

  
VOBA [Member]        
Finite-Lived Intangible Assets [Line Items]        
Amortization of intangibles $ (23.6) $ (10.8) $ (37.6) $ (34.9)