XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Consolidating Financial Information (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2017
Text Block [Abstract] |
Schedule of Balance Sheet Information | HRG Group, Inc. - Condensed Consolidating Balance Sheets Information
June 30, 2017 |  | Consumer Products |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Assets: |  |  |  |  |  |  |  |  |  |
Investments in subsidiaries and affiliates |  | $ | — |  |  | $ | 2,605.2 |  |  | $ | — |  |  | $ | (2,605.2 | ) |  | $ | — |
Affiliated loans and receivables |  | — |  |  | 0.2 |  |  | — |  |  | (0.2 | ) |  | — |
Cash and cash equivalents |  | 109.9 |  |  | 156.3 |  |  | — |  |  | — |  |  | 266.2 |
Receivables, net |  | 658.3 |  |  | 2.7 |  |  | — |  |  | — |  |  | 661.0 |
Inventories, net |  | 843.7 |  |  | — |  |  | — |  |  | — |  |  | 843.7 |
Deferred tax assets |  | 18.3 |  |  | — |  |  | — |  |  | — |  |  | 18.3 |
Property, plant and equipment, net |  | 675.1 |  |  | 0.8 |  |  | — |  |  | — |  |  | 675.9 |
Goodwill |  | 2,621.3 |  |  | — |  |  | — |  |  | — |  |  | 2,621.3 |
Intangibles, net |  | 2,453.4 |  |  | — |  |  | — |  |  | — |  |  | 2,453.4 |
Other assets |  | 141.1 |  |  | 2.9 |  |  | — |  |  | — |  |  | 144.0 |
Assets of business held for sale |  | — |  |  | — |  |  | 27,811.7 |  |  | — |  |  | 27,811.7 |
Total assets |  | $ | 7,521.1 |  |  | $ | 2,768.1 |  |  | $ | 27,811.7 |  |  | $ | (2,605.4 | ) |  | $ | 35,495.5 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 4,100.6 |  |  | $ | 1,791.8 |  |  | $ | — |  |  | $ | 140.1 |  |  | $ | 6,032.5 |
Accounts payable and other current liabilities |  | 871.2 |  |  | 70.6 |  |  | — |  |  | — |  |  | 941.8 |
Employee benefit obligations |  | 112.6 |  |  | 4.5 |  |  | — |  |  | — |  |  | 117.1 |
Deferred tax liabilities |  | 583.9 |  |  | 12.1 |  |  | — |  |  | — |  |  | 596.0 |
Other liabilities |  | 37.6 |  |  | 2.9 |  |  | — |  |  | — |  |  | 40.5 |
Affiliated debt and payables |  | — |  |  | 158.5 |  |  | — |  |  | (158.5 | ) |  | — |
Liabilities of business held for sale |  | — |  |  | — |  |  | 25,870.9 |  |  | — |  |  | 25,870.9 |
Total liabilities |  | 5,705.9 |  |  | 2,040.4 |  |  | 25,870.9 |  |  | (18.4 | ) |  | 33,598.8 |
Total stockholders’ equity |  | 1,060.3 |  |  | 729.3 |  |  | 1,526.7 |  |  | (2,587.0 | ) |  | 729.3 |
Noncontrolling interests |  | 754.9 |  |  | (1.6 | ) |  | 414.1 |  |  | — |  |  | 1,167.4 |
Total permanent equity |  | 1,815.2 |  |  | 727.7 |  |  | 1,940.8 |  |  | (2,587.0 | ) |  | 1,896.7 |
Total liabilities and equity |  | $ | 7,521.1 |  |  | $ | 2,768.1 |  |  | $ | 27,811.7 |  |  | $ | (2,605.4 | ) |  | $ | 35,495.5 |
September 30, 2016 |  | Consumer Products |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Assets: |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries and affiliates |  | $ | — |  |  | $ | 2,405.3 |  |  | $ | — |  |  | $ | (2,405.3 | ) |  | $ | — |
Cash and cash equivalents |  | 275.3 |  |  | 189.9 |  |  | — |  |  | — |  |  | 465.2 |
Receivables, net |  | 538.2 |  |  | 0.9 |  |  | — |  |  | — |  |  | 539.1 |
Inventories, net |  | 740.6 |  |  | — |  |  | — |  |  | — |  |  | 740.6 |
Deferred tax assets |  | 18.3 |  |  | — |  |  | — |  |  | — |  |  | 18.3 |
Property, plant and equipment, net |  | 542.1 |  |  | 1.3 |  |  | — |  |  | — |  |  | 543.4 |
Goodwill |  | 2,478.4 |  |  | — |  |  | — |  |  | — |  |  | 2,478.4 |
Intangibles, net |  | 2,372.5 |  |  | — |  |  | — |  |  | — |  |  | 2,372.5 |
Other assets |  | 103.7 |  |  | 34.6 |  |  | — |  |  | — |  |  | 138.3 |
Assets of business held for sale |  | — |  |  | — |  |  | 26,284.3 |  |  | — |  |  | 26,284.3 |
Total assets |  | $ | 7,069.1 |  |  | $ | 2,632.0 |  |  | $ | 26,284.3 |  |  | $ | (2,405.3 | ) |  | $ | 33,580.1 |
Liabilities and Equity: |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 3,620.2 |  |  | $ | 1,747.7 |  |  | $ | — |  |  | $ | 157.9 |  |  | $ | 5,525.8 |
Accounts payable and other current liabilities |  | 931.6 |  |  | 51.6 |  |  | — |  |  | — |  |  | 983.2 |
Employee benefit obligations |  | 120.2 |  |  | 5.2 |  |  | — |  |  | — |  |  | 125.4 |
Deferred tax liabilities |  | 532.7 |  |  | 13.3 |  |  | — |  |  | — |  |  | 546.0 |
Other liabilities |  | 20.4 |  |  | 8.3 |  |  | — |  |  | — |  |  | 28.7 |
Affiliated debt and payables |  | — |  |  | 171.2 |  |  | — |  |  | (171.2 | ) |  | — |
Liabilities of business held for sale |  | — |  |  | — |  |  | 24,553.8 |  |  | — |  |  | 24,553.8 |
Total liabilities |  | 5,225.1 |  |  | 1,997.3 |  |  | 24,553.8 |  |  | (13.3 | ) |  | 31,762.9 |
Total stockholders’ equity |  | 1,040.4 |  |  | 638.1 |  |  | 1,351.6 |  |  | (2,392.0 | ) |  | 638.1 |
Noncontrolling interests |  | 803.6 |  |  | (3.4 | ) |  | 378.9 |  |  | — |  |  | 1,179.1 |
Total permanent equity |  | 1,844.0 |  |  | 634.7 |  |  | 1,730.5 |  |  | (2,392.0 | ) |  | 1,817.2 |
Total liabilities and equity |  | $ | 7,069.1 |  |  | $ | 2,632.0 |  |  | $ | 26,284.3 |  |  | $ | (2,405.3 | ) |  | $ | 33,580.1 |
Schedule of Income Statement Information | HRG Group, Inc. - Condensed Consolidating Statements of Operations Information
Nine months ended June 30, 2017 |  | Consumer Products |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 3,685.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,685.6 |
Net investment income |  | — |  |  | 1.1 |  |  | — |  |  | — |  |  | 1.1 |
Total revenues |  | 3,685.6 |  |  | 1.1 |  |  | — |  |  | — |  |  | 3,686.7 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of goods sold |  | 2,307.1 |  |  | — |  |  | — |  |  | — |  |  | 2,307.1 |
Selling, acquisition, operating and general expenses |  | 925.5 |  |  | 41.0 |  |  | — |  |  | — |  |  | 966.5 |
Total operating costs and expenses |  | 3,232.6 |  |  | 41.0 |  |  | — |  |  | — |  |  | 3,273.6 |
Operating income |  | 453.0 |  |  | (39.9 | ) |  | — |  |  | — |  |  | 413.1 |
Equity in net income of subsidiaries |  | — |  |  | 281.7 |  |  | — |  |  | (281.7 | ) |  | — |
Interest expense |  | (158.8 | ) |  | (110.3 | ) |  | — |  |  | (0.5 | ) |  | (269.6 | )
Affiliated interest expense |  | — |  |  | (5.6 | ) |  | — |  |  | 5.6 |  |  | — |
Other (expense) income, net |  | (2.9 | ) |  | 0.6 |  |  | — |  |  | — |  |  | (2.3 | )
Income from continuing operations before income taxes |  | 291.3 |  |  | 126.5 |  |  | — |  |  | (276.6 | ) |  | 141.2 |
Income tax expense (benefit) |  | 88.8 |  |  | (5.6 | ) |  | — |  |  | 4.2 |  |  | 87.4 |
Net income from continuing operations |  | 202.5 |  |  | 132.1 |  |  | — |  |  | (280.8 | ) |  | 53.8 |
Income (loss) from discontinued operations, net of tax |  | — |  |  | — |  |  | 195.4 |  |  | — |  |  | 195.4 |
Net income (loss) |  | 202.5 |  |  | 132.1 |  |  | 195.4 |  |  | (280.8 | ) |  | 249.2 |
Less: Net income attributable to noncontrolling interest |  | 85.5 |  |  | (0.1 | ) |  | 31.6 |  |  | — |  |  | 117.0 |
Net income (loss) attributable to controlling interest |  | $ | 117.0 |  |  | $ | 132.2 |  |  | $ | 163.8 |  |  | $ | (280.8 | ) |  | $ | 132.2 |
Nine months ended June 30, 2016 |  | Consumer Products |  | Corporate and Other |  | Discontinued Operations |  | Eliminations and adjustments |  | Total
Revenues: |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 3,790.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,790.0 |
Net investment income |  | — |  |  | 7.9 |  |  | — |  |  | — |  |  | 7.9 |
Other |  | — |  |  | 0.9 |  |  | — |  |  | — |  |  | 0.9 |
Total revenues |  | 3,790.0 |  |  | 8.8 |  |  | — |  |  | — |  |  | 3,798.8 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of goods sold |  | 2,355.8 |  |  | — |  |  | — |  |  | — |  |  | 2,355.8 |
Selling, acquisition, operating and general expenses |  | 936.4 |  |  | 68.6 |  |  | — |  |  | — |  |  | 1,005.0 |
Total operating costs and expenses |  | 3,292.2 |  |  | 68.6 |  |  | — |  |  | — |  |  | 3,360.8 |
Operating income |  | 497.8 |  |  | (59.8 | ) |  | — |  |  | — |  |  | 438.0 |
Equity in net income of subsidiaries |  | — |  |  | (27.2 | ) |  | — |  |  | 27.2 |  |  | — |
Interest expense |  | (175.8 | ) |  | (107.2 | ) |  | — |  |  | (6.8 | ) |  | (289.8 | )
Affiliated interest expense |  | — |  |  | (9.4 | ) |  | — |  |  | 9.4 |  |  | — |
Other (expense) income, net |  | (6.5 | ) |  | 4.4 |  |  | — |  |  | 1.9 |  |  | (0.2 | )
Income from continuing operations before income taxes |  | 315.5 |  |  | (199.2 | ) |  | — |  |  | 31.7 |  |  | 148.0 |
Income tax expense (benefit) |  | 46.9 |  |  | (2.5 | ) |  | — |  |  | (48.9 | ) |  | (4.5 | )
Net income from continuing operations |  | 268.6 |  |  | (196.7 | ) |  | — |  |  | 80.6 |  |  | 152.5 |
Income (loss) from discontinued operations, net of tax |  | — |  |  | — |  |  | (222.6 | ) |  | — |  |  | (222.6 | )
Net income (loss) |  | 268.6 |  |  | (196.7 | ) |  | (222.6 | ) |  | 80.6 |  |  | (70.1 | )
Less: Net income attributable to noncontrolling interest |  | 113.5 |  |  | (5.2 | ) |  | 13.1 |  |  | — |  |  | 121.4 |
Net income (loss) attributable to controlling interest |  | $ | 155.1 |  |  | $ | (191.5 | ) |  | $ | (235.7 | ) |  | $ | 80.6 |  |  | $ | (191.5 | )

X
- Definition Schedule of Balance Sheet Information Table [Table Text Block] + References No definition available. + Details
Name: | hrg_ScheduleOfBalanceSheetInformationTableTableTextBlock
Namespace Prefix: | hrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Income Statement Information Table [Table Text Block] + References No definition available. + Details
Name: | hrg_ScheduleOfIncomeStatementInformationTableTableTextBlock
Namespace Prefix: | hrg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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