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Derivative Financial Instruments (Tables) | 9 Months Ended
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Jun. 30, 2016
Derivative [Line Items] |
Schedule of Derivative Instruments [Table Text Block] | The swaps effectively fix the floating price on a specified quantity of raw materials through a specified date. At June 30, 2016, Spectrum Brands had a series of zinc and brass swap contracts outstanding through September 2017. The derivative net gains estimated to be reclassified from AOCI into earnings over the next 12 months is $0.3, net of tax. Spectrum Brands had the following commodity swap contracts outstanding as of June 30, 2016 and September 30, 2015:
|  | June 30, 2016 |  | September 30, 2015
|  | Notional |  | Contract Value |  | Notional |  | Contract Value
Zinc swap contracts (tons) |  | 7.2 |  | $ | 13.6 |  |  | 10.8 |  | $ | 22.2 |
Brass swap contracts (tons) |  | 1.0 |  |  | 4.3 |  |  | 1.8 |  |  | 8.5 |
F had the following commodity swaps outstanding as of June 30, 2016 and September 30, 2015:
|  | June 30, 2016 |  | September 30, 2015
|  | Notional |  | Contract Value |  | Notional |  | Contract Value
Silver (troy oz.) |  | 5 |  | $ | 0.1 |  |  | 25 |  | $ | 0.4 |
Spectrum Brands’ interest rate swap derivative financial instruments at June 30, 2016 and September 30, 2015 were as follows:
|  | June 30, 2016 |  | September 30, 2015
|  | Notional |  | Remaining Years |  | Notional |  | Remaining Years
Interest rate swaps - fixed |  | $ | 300.0 |  |  | 0.8 |  | $ | 300.0 |  |  | 1.5
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 |  | June 30, 2016 |  | September 30, 2015
|  |  |  |  |  | (As Adjusted)
Derivatives designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Receivables, net |  | $ | 6.6 |  |  | $ | 5.2 |
Commodity swaps |  | Receivables, net |  | 1.3 |  |  | — |
Commodity swaps |  | Other assets |  | 0.3 |  |  | — |
Foreign exchange contracts |  | Other assets |  | 0.6 |  |  | 0.4 |
Total asset derivatives designated as hedging instruments |  |  |  | 8.8 |  |  | 5.6 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Call options |  | Funds withheld receivables |  | 9.4 |  |  | 5.4 |
Call options |  | Other assets |  | 4.5 |  |  | 1.0 |
Commodity contracts |  | Receivables, net |  | 0.3 |  |  | 7.9 |
Foreign exchange contracts |  | Receivables, net |  | 0.4 |  |  | 0.4 |
Total asset derivatives |  |  |  | $ | 23.4 |  |  | $ | 20.3 |
Liability Derivatives |  | Classification |  | June 30, 2016 |  | September 30, 2015
|  |  |  |  |  | (As Adjusted)
Derivatives designated as hedging instruments: |  |  |  |  |  |
Interest rate swaps |  | Accounts payable and other current liabilities |  | $ | 1.3 |  |  | $ | 1.4 |
Interest rate swaps |  | Other liabilities |  | 0.5 |  |  | 1.2 |
Commodity swaps |  | Accounts payable and other current liabilities |  | 0.4 |  |  | 4.7 |
Commodity swaps |  | Other liabilities |  | — |  |  | 0.8 |
Foreign exchange contracts |  | Accounts payable and other current liabilities |  | 1.7 |  |  | 1.5 |
Foreign exchange contracts |  | Other liabilities |  | 0.1 |  |  | — |
Total liability derivatives designated as hedging instruments |  |  |  | 4.0 |  |  | 9.6 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Embedded derivatives in Front Street's assumed FIA business |  | Insurance reserves |  | 133.5 |  |  | 142.3 |
Foreign exchange |  | Accounts payable and other current liabilities |  | 0.6 |  |  | 0.1 |
Commodity contracts |  | Accounts payable and other current liabilities |  | 1.6 |  |  | 0.1 |
Total liability derivatives |  |  |  | $ | 139.7 |  |  | $ | 152.1 |
Summary of Gain (Loss) Recognized in Income on Derivatives |
|  |  |  | Three months ended June 30, |  | Nine months ended June 30,
Classification |  | Derivatives Not Designated as Hedging Instruments |  | 2016 |  | 2015 |  | 2016 |  | 2015
Revenues: |  |  |  |  |  |  |  |  |  |
Net investment gains (losses) |  | Call options |  | $ | 0.2 |  |  | $ | (0.3 | ) |  | $ | 0.7 |  |  | $ | 1.9 |
Other income and expense: |  |  |  |  |  |  |  |  |  |
Benefits and other changes in policy reserves |  | Embedded derivatives in Front Street's assumed FIA business |  | $ | 3.0 |  |  | $ | 6.9 |  |  | $ | 8.8 |  |  | $ | 1.8 |
Other (expense) income, net |  | Oil and natural gas commodity contracts |  | (2.2 | ) |  | (2.7 | ) |  | 0.3 |  |  | 21.3 |
|  | Foreign exchange contracts |  | 0.8 |  |  | 5.0 |  |  | 1.6 |  |  | (2.4 | )
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 June 30, 2016 (presented on a calendar-year basis):
|  | Volume Mmbtus/Mbbls |  | Weighted average strike price per Mmbtu/Bbl |  | Fair Value at June 30, 2016
Natural gas: |  |  |  |  |  |
Two-way collars: |  |  |  |  |  |
June - December 2016 |  | 1,840 |  |  |  |  | $ | (0.5 | )
Short call |  |  |  | $ | 2.77 |  |  |
Long put |  |  |  | 2.15 |  |  |
June - October 2016 |  | 1,230 |  |  |  |  | (0.5 | )
Short call |  |  |  | 2.48 |  |  |
Long put |  |  |  | 2.15 |  |  |
November 2016 - March 2017 |  | 2,265 |  |  |  |  | (0.6 | )
Short call |  |  |  | 3.36 |  |  |
Long put |  |  |  | 2.70 |  |  |
January 2017 - March 2017 |  | 450 |  |  |  |  | — |
Short call |  |  |  | 3.80 |  |  |
Long put |  |  |  | 3.05 |  |  |
Swaps: |  |  |  |  |  |
January 2017 - March 2017 |  | 450 |  |  |  |  | — |
Short call |  |  |  | 3.35 |  |  |
Total natural gas |  | 6,235 |  |  |  |  | (1.6 | )
Oil: |  |  |  |  |  |
Three-way collars: |  |  |  |  |  |
July - December 2016 |  | 18 |  |  |  |  | — |
Short call |  |  |  | $ | 54.00 |  |  |
Long put |  |  |  | 40.00 |  |  |
May - December 2016 |  | 92 |  |  |  |  | 0.3 |
Short call |  |  |  | 76.00 |  |  |
Long put |  |  |  | 56.00 |  |  |
Short put |  |  |  | 42.00 |  |  |
Total oil |  | 110 |  |  |  |  | 0.3 |
Total oil and natural gas Derivative Financial Instruments |  |  |  |  |  | $ | (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 summarizes the impact of derivative instruments on the accompanying Condensed Consolidated Statements of Operations for the three and nine months ended June 30, 2016 and 2015:
|  |  |  | Three months ended June 30,
|  |  |  | 2016 |  | 2015
|  |  |  | Effective portion |  | Ineffective portion |  | Effective portion |  | Ineffective portion
|  | Classification |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings |  | Gain (Loss) |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings |  | Gain (Loss)
Interest rate swaps |  | Interest expense |  | $ | (0.2 | ) |  | $ | (0.4 | ) |  | $ | — |  |  | $ | (0.4 | ) |  | $ | (0.5 | ) |  | $ | — |
Commodity swaps |  | Cost of consumer products and other goods sold |  | 2.1 |  |  | (0.8 | ) |  | 0.1 |  |  | (0.7 | ) |  | — |  |  | — |
Foreign exchange contracts |  | Net consumer and other product sales |  | (0.3 | ) |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | — |
Foreign exchange contracts |  | Cost of consumer products and other goods sold |  | 8.0 |  |  | 0.1 |  |  | — |  |  | (6.8 | ) |  | 8.6 |  |  | — |
|  |  |  | $ | 9.6 |  |  | $ | (1.1 | ) |  | $ | 0.1 |  |  | $ | (7.8 | ) |  | $ | 8.1 |  |  | $ | — |
|  |  |  | Nine months ended June 30,
|  |  |  | 2016 |  | 2015
|  |  |  | Effective portion |  | Ineffective portion |  | Effective portion |  | Ineffective portion
|  | Classification |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings |  | Gain (Loss) |  | Gain (Loss) in AOCI |  | Gain (Loss) reclassified to Earnings |  | Gain (Loss)
Interest rate swaps |  | Interest expense |  | $ | (0.5 | ) |  | $ | (1.4 | ) |  | $ | — |  |  | $ | (2.4 | ) |  | $ | (1.4 | ) |  | $ | — |
Commodity swaps |  | Cost of consumer products and other goods sold |  | 2.9 |  |  | (3.8 | ) |  | 0.1 |  |  | (2.4 | ) |  | 0.3 |  |  | — |
Foreign exchange contracts |  | Net consumer and other product sales |  | (0.4 | ) |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | — |
Foreign exchange contracts |  | Cost of consumer products and other goods sold |  | 6.8 |  |  | 5.0 |  |  | — |  |  | 14.0 |  |  | 21.0 |  |  | — |
|  |  |  | $ | 8.8 |  |  | $ | (0.2 | ) |  | $ | 0.1 |  |  | $ | 9.3 |  |  | $ | 19.9 |  |  | $ | — |

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