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Segment Data | 6 Months Ended
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Mar. 31, 2017
Segment Reporting [Abstract] |
Segment Data | The 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. Accordingly, the Company currently operates its business in two reporting segments: (i) Consumer Products and (ii) Insurance. The following schedules present the Company’s segment information for the three and six months ended March 31, 2017 and 2016:
|  | Three months ended March 31, |  | Six months ended March 31,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Revenues: |  |  |  |  |  |  |  |
Consumer Products |  | $ | 1,169.9 |  |  | $ | 1,209.6 |  |  | $ | 2,381.7 |  |  | $ | 2,428.4 |
Insurance |  | 41.0 |  |  | 40.1 |  |  | 12.3 |  |  | 30.1 |
Intersegment adjustments and eliminations |  | 4.5 |  |  | 16.0 |  |  | 10.7 |  |  | 10.6 |
Consolidated segment revenues |  | 1,215.4 |  |  | 1,265.7 |  |  | 2,404.7 |  |  | 2,469.1 |
Corporate and Other |  | 0.7 |  |  | 1.6 |  |  | 1.0 |  |  | 7.6 |
Total revenues |  | $ | 1,216.1 |  |  | $ | 1,267.3 |  |  | $ | 2,405.7 |  |  | $ | 2,476.7 |
Operating income: |  |  |  |  |  |  |  |
Consumer Products |  | $ | 144.2 |  |  | $ | 148.5 |  |  | $ | 295.2 |  |  | $ | 291.0 |
Insurance |  | (4.1 | ) |  | (1.4 | ) |  | (19.5 | ) |  | (1.4 | )
Intersegment adjustments and eliminations (a) |  | 13.5 |  |  | 12.8 |  |  | 15.8 |  |  | (6.2 | )
Total segment operating income |  | 153.6 |  |  | 159.9 |  |  | 291.5 |  |  | 283.4 |
Corporate and Other |  | (10.1 | ) |  | (17.4 | ) |  | (30.3 | ) |  | (41.1 | )
Consolidated operating income |  | 143.5 |  |  | 142.5 |  |  | 261.2 |  |  | 242.3 |
Interest expense |  | (88.3 | ) |  | (94.4 | ) |  | (180.0 | ) |  | (189.6 | )
Other expense, net |  | (2.0 | ) |  | — |  |  | (0.6 | ) |  | (0.7 | )
Income from continuing operations before income taxes |  | 53.2 |  |  | 48.1 |  |  | 80.6 |  |  | 52.0 |
Income tax expense (benefit) |  | 50.2 |  |  | (15.4 | ) |  | 75.6 |  |  | (21.0 | )
Net income from continuing operations |  | 3.0 |  |  | 63.5 |  |  | 5.0 |  |  | 73.0 |
(Loss) income from discontinued operations, net of tax |  | (54.4 | ) |  | (47.6 | ) |  | 204.4 |  |  | (50.1 | )
Net (loss) income |  | (51.4 | ) |  | 15.9 |  |  | 209.4 |  |  | 22.9 |
Less: Net income attributable to noncontrolling interest |  | 30.7 |  |  | 40.6 |  |  | 79.3 |  |  | 81.5 |
Net (loss) income attributable to controlling interest |  | $ | (82.1 | ) |  | $ | (24.7 | ) |  | $ | 130.1 |  |  | $ | (58.6 | )
(a) 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 the 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 the Company’s consolidated reporting, we have recorded a net intersegment adjustment to operating income (loss) of $13.1 and $13.9 for the three months ended March 31, 2017 and 2016, respectively, and $9.9 and $(3.2) for the six months ended March 31, 2017 and 2016, respectively. Upon the completion of any disposition resulting from the FGL Strategic Evaluation Process, the Company’s consolidated results will reflect all reinsurance business on the fair value option.

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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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