XML 46 R32.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Segment Data (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2017
Segment Reporting [Abstract] |
Segment Information | 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.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration