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Segment and Georgraphic Data | 12 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Segment and Geographic Data | Company follows the accounting guidance which establishes standards for reporting information about operating segments in interim and annual financial statements. The Company’s reportable business segments are organized in a manner that reflects how HRG’s management views those business activities. As discussed in Note 1, Basis of Presentation and Nature of Operations, as a result of the disposition of its interests in Compass and CorAmerica, and the continuing runoff of the results of its asset management businesses, the Company elected to realign its reportable segments to reflect these changes. Accordingly, the Company currently reports its business in two reporting segments: (i) Consumer Products and (ii) Insurance. The results of continuing businesses formerly reported in the energy and asset management segments are now reported within the Corporate and Other segment. Refer to Note 26, Consolidating Financial Information, for disclosure of total assets for each segment. The following schedules present the Company’s segment information for Fiscal 2016, 2015 and 2014:
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
Revenues: |  |  |  |  |  |
Consumer Products |  | $ | 5,039.7 |  |  | $ | 4,690.4 |  |  | $ | 4,429.1 |
Insurance |  | 150.4 |  |  | (98.8 | ) |  | 144.3 |
Intersegment elimination (a) |  | 16.4 |  |  | 54.7 |  |  | 7.8 |
Consolidated segment revenues |  | 5,206.5 |  |  | 4,646.3 |  |  | 4,581.2 |
Corporate and Other |  | 8.9 |  |  | 63.4 |  |  | 53.5 |
Total revenues |  | $ | 5,215.4 |  |  | $ | 4,709.7 |  |  | $ | 4,634.7 |
Depreciation and amortization |  |  |  |  |  |
Consumer Products |  | $ | 183.0 |  |  | $ | 170.0 |  |  | $ | 157.7 |
Corporate |  | 0.7 |  |  | 1.0 |  |  | 0.5 |
Consolidated depreciation and amortization |  | $ | 183.7 |  |  | $ | 171.0 |  |  | $ | 158.2 |
Operating income (loss): |  |  |  |  |  |
Consumer Products |  | $ | 656.3 |  |  | $ | 474.1 |  |  | $ | 481.9 |
Insurance |  | (12.4 | ) |  | (68.7 | ) |  | 40.1 |
Intersegment elimination (a,b) |  | 68.1 |  |  | (62.9 | ) |  | 32.5 |
Total segment operating income |  | 712.0 |  |  | 342.5 |  |  | 554.5 |
Corporate and Other eliminations |  | (84.0 | ) |  | (296.7 | ) |  | (127.1 | )
Consolidated operating income |  | 628.0 |  |  | 45.8 |  |  | 427.4 |
Interest expense |  | (397.1 | ) |  | (401.6 | ) |  | (298.8 | )
Loss from the change in the fair value of the equity conversion feature of preferred stock |  | — |  |  | — |  |  | (12.7 | )
Gain on deconsolidation of subsidiary |  | — |  |  | 38.5 |  |  | — |
Other income (expense), net |  | 1.0 |  |  | 10.2 |  |  | (11.9 | )
Income (loss) from continuing operations before income taxes |  | 231.9 |  |  | (307.1 | ) |  | 104.0 |
Income tax expense (benefit) |  | 41.5 |  |  | (16.2 | ) |  | 89.6 |
Net income (loss) from continuing operations |  | 190.4 |  |  | (290.9 | ) |  | 14.4 |
(Loss) income from discontinued operations, net of tax |  | (224.3 | ) |  | (221.5 | ) |  | 87.3 |
Net (loss) income |  | (33.9 | ) |  | (512.4 | ) |  | 101.7 |
Less: Net income attributable to noncontrolling interest |  | 164.9 |  |  | 44.4 |  |  | 112.0 |
Net loss attributable to controlling interest |  | $ | (198.8 | ) |  | $ | (556.8 | ) |  | $ | (10.3 | )
(a) The Intersegment eliminations primarily represent the reversal and reclassification of impairments recorded in the Company’s Insurance segment on affiliated investments, as well as usual intercompany transactions for the period. For Fiscal 2015, the Insurance segment eliminations include the reversal of intercompany asset impairments of $57.1. (b) For its stand-alone reporting purposes, Front Street elected, since inception, to apply the fair value option to account for its funds withheld receivables, non-funds withheld assets and future policyholder benefits reserves related to its assumed reinsurance. For Company’s consolidated reporting, the results from Front Street’s assumed reinsurance business with FGL is reported on FGL’s historical basis. Accordingly, in order to align Company’s consolidated reporting, we have recorded a net intersegment adjustment to operating income (loss) of $59.7, $(115.4) and $45.1 for Fiscal 2016, 2015 and 2014, respectively. Upon completion of the FGL Merger, the Company’s consolidated results will reflect all reinsurance business on the fair value option.
| Fiscal
| 2016 |  | 2015 |  | 2014
Capital expenditures: |  |  |  |  |
Consumer Products | $ | 95.2 |  |  | $ | 89.1 |  |  | $ | 73.4 |
Corporate | 0.2 |  |  | 1.5 |  |  | 2.1 |
Consolidated capital expenditures | $ | 95.4 |  |  | $ | 90.6 |  |  | $ | 75.5 |
| September 30,
| 2016 |  | 2015
Total long-lived assets: |  |  |
Consumer Products | $ | 542.1 |  |  | $ | 507.1 |
Corporate assets | 1.3 |  |  | 2.4 |
Consolidated total long-lived assets | $ | 543.4 |  |  | $ | 509.5 |
| Fiscal
| 2016 |  | 2015 |  | 2014
Net change in cash due to continuing operating activities |  |  |  |  |
Consumer Products | $ | 615.0 |  |  | $ | 444.9 |  |  | $ | 432.7 |
Insurance | (12.3 | ) |  | (51.2 | ) |  | (18.3 | )
Intersegment transactions | 142.6 |  |  | 91.1 |  |  | 231.6 |
Net change in cash due to segment operating activities | 745.3 |  |  | 484.8 |  |  | 646.0 |
Net change in cash due to corporate and other operating activities | (187.1 | ) |  | (184.5 | ) |  | (169.1 | )
Consolidated net change in cash due to continuing operating activities | $ | 558.2 |  |  | $ | 300.3 |  |  | $ | 476.9 |
The Company’s geographic data disclosures are as follows: Net consumer and other product sales to external customers:
|  | Fiscal
|  | 2016 |  | 2015 |  | 2014
United States |  | $ | 3,217.9 |  |  | $ | 2,950.6 |  |  | $ | 2,660.8 |
Outside the United States |  | 1,821.8 |  |  | 1,782.5 |  |  | 1,788.4 |
Consolidated net consumer and other product sales to external customers |  | $ | 5,039.7 |  |  | $ | 4,733.1 |  |  | $ | 4,449.2 |
Long-lived assets:
|  | September 30,
|  | 2016 |  | 2015
United States |  | $ | 323.4 |  |  | $ | 313.5 |
Outside the United States |  | 220.0 |  |  | 196.0 |
Consolidated long-lived assets |  | $ | 543.4 |  |  | $ | 509.5 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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