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Derivative Financial Instruments (Tables) | 3 Months Ended
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Dec. 31, 2015
Derivative [Line Items] |
Schedule of Derivative Instruments [Table Text Block] | had the following commodity swap contracts outstanding as of December 31, 2015 and September 30, 2015:
|  | December 31, 2015 |  | September 30, 2015
|  | Notional |  | Contract Value |  | Notional |  | Contract Value
Silver (troy oz.) |  | 15 |  | $ | 0.2 |  |  | 25 |  | $ | 0.4 |
The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At December 31, 2015, Spectrum Brands had a series of zinc and brass swap contracts outstanding through September 2017. The derivative net losses estimated to be reclassified from AOCI into earnings over the next 12 months is $2.1, net of tax. Spectrum Brands had the following commodity swap contracts outstanding as of December 31, 2015 and September 30, 2015:
|  | December 31, 2015 |  | September 30, 2015
|  | Notional |  | Contract Value |  | Notional |  | Contract Value
Zinc swap contracts (tons) |  | 11.6 |  | $ | 22.6 |  |  | 10.8 |  | $ | 22.2 |
Brass swap contracts (tons) |  | 1.4 |  | 6.5 |  |  | 1.8 |  |  | 8.5 |
F
Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets | The fair value of outstanding derivatives recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
Asset Derivatives |  | Classification |  | December 31, 2015 |  | September 30, 2015
|  |  |  |  |  | (As Adjusted)
Derivatives designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Receivables, net |  | $ | 6.7 |  |  | $ | 5.2 |
Foreign exchange contracts |  | Other assets |  | 0.8 |  |  | 0.4 |
Total asset derivatives designated as hedging instruments |  |  |  | 7.5 |  |  | 5.6 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Call options |  | Funds withheld receivables |  | 8.1 |  |  | 5.4 |
Call options |  | Other assets |  | 2.2 |  |  | 1.0 |
Commodity contracts |  | Receivables, net |  | 1.3 |  |  | 7.9 |
Foreign exchange contracts |  | Receivables, net |  | 0.1 |  |  | 0.4 |
Total asset derivatives |  |  |  | $ | 19.2 |  |  | $ | 20.3 |
Liability Derivatives |  | Classification |  | December 31, 2015 |  | September 30, 2015
|  |  |  |  |  | (As Adjusted)
Derivatives designated as hedging instruments: |  |  |  |  |  |
Interest rate swaps |  | Accounts payable and other current liabilities |  | $ | 1.2 |  |  | $ | 1.4 |
Interest rate swaps |  | Other liabilities |  | 0.7 |  |  | 1.2 |
Commodity swaps |  | Accounts payable and other current liabilities |  | 4.3 |  |  | 4.7 |
Commodity swaps |  | Other liabilities |  | 0.8 |  |  | 0.8 |
Foreign exchange contracts |  | Accounts payable and other current liabilities |  | — |  |  | 1.5 |
Foreign exchange contracts |  | Other liabilities |  | 0.1 |  |  | — |
Total liability derivatives designated as hedging instruments |  |  |  | 7.1 |  |  | 9.6 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Embedded derivatives in Front Street's assumed FIA business |  | Insurance reserves |  | 139.9 |  |  | 142.3 |
Foreign exchange |  | Accounts payable and other current liabilities |  | 0.6 |  |  | 0.1 |
Commodity contracts |  | Accounts payable and other current liabilities |  | — |  |  | 0.1 |
Total liability derivatives |  |  |  | $ | 147.6 |  |  | $ | 152.1 |
Summary of Gain (Loss) Recognized in Income on Derivatives |
|  |  |  | Three months ended December 31,
Classification |  | Derivatives Not Designated as Hedging Instruments |  | 2015 |  | 2014
Revenues: |  |  |  |  |  |
Net investment gains |  | Call options |  | $ | 1.9 |  |  | $ | 2.7 |
Other income and expense: |  |  |  |  |  |
Benefits and other changes in policy reserves |  | Embedded derivatives in Front Street's assumed FIA business |  | $ | 2.4 |  |  | $ | (6.2 | )
Other income, net |  | Oil and natural gas commodity contracts |  | 1.7 |  |  | 18.7 |
|  | Foreign exchange contracts |  | (2.1 | ) |  | (1.7 | )
Volumes and Fair Value of Oil and Natural Gas Derivative Financial Instruments | The following table presents Compass’ volumes and fair value of the oil and natural gas Derivative Financial Instruments as of December 31, 2015 (presented on a calendar-year basis):
|  | Volume Mmbtus/Mbbls |  | Weighted average strike price per Mmbtu/Bbl |  | Fair Value at December 31, 2015
Natural gas two-way collars (February - December 2016) |  | 3,350 |  |  |  |  | $ | (0.2 | )
Short call |  |  |  | 2.77 |  |  |
Long put |  |  |  | 2.15 |  |  |
Total natural gas |  | 3,350 |  |  |  |  | $ | (0.2 | )
Oil three-way collars (January - December 2016) |  | 183 |  |  |  |  | $ | 1.5 |
Short call |  |  |  | 76.00 |  |  |
Long put |  |  |  | 56.00 |  |  |
Short Put |  |  |  | 42.00 |  |  |
Total oil |  | 183 |  |  |  |  | $ | 1.5 |
Total oil and natural gas derivatives |  |  |  |  |  | $ | 1.3 |
Impact of effective and ineffective portions of cash flow hedges and gain (loss) realized in statement of operations [Table Text Block] | The following table summarizes the impact of the effective portions of cash flow hedges and the gains and losses recognized in the Condensed Consolidated Statements of Operations for the three months ended December 31, 2015 and 2014:
|  |  |  | Three months ended December 31,
|  |  |  | 2015 |  | 2014
|  | Classification |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings
Interest rate swaps |  | Interest expense |  | $ | 0.3 |  |  | $ | (0.5 | ) |  | $ | (0.6 | ) |  | $ | (0.5 | )
Commodity swaps |  | Cost of consumer products and other goods sold |  | (1.0 | ) |  | (1.4 | ) |  | (1.2 | ) |  | 0.4 |
Foreign exchange contracts |  | Net consumer and other product sales |  | (0.1 | ) |  | — |  |  | 0.1 |  |  | — |
Foreign exchange contracts |  | Cost of consumer products and other goods sold |  | 5.4 |  |  | 2.1 |  |  | 9.4 |  |  | 4.9 |
|  |  |  | $ | 4.6 |  |  | $ | 0.2 |  |  | $ | 7.7 |  |  | $ | 4.8 |

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