XML 66 R54.htm IDEA: XBRL DOCUMENT v3.7.0.1
Divestitures Divestitures - Schedule of components of net income (loss) from discontinued operations (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Sep. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Other assets $ 144.0   $ 144.0   $ 138.3
Disposal Group, Including Discontinued Operation, Assets, Current 27,811.7   27,811.7   26,284.3
Assets 35,495.5   35,495.5   33,580.1
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 7.7 $ (185.5) 195.4 $ (222.6)  
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent       (222.6)  
Debt [1],[2] 6,032.5   6,032.5   5,525.8
Accounts payable and other current liabilities 941.8   941.8   983.2
Other liabilities 40.5   40.5   28.7
Disposal Group, Including Discontinued Operation, Liabilities, Current 25,870.9   25,870.9   24,553.8
Total liabilities 33,598.8   33,598.8   $ 31,762.9
Selling, acquisition, operating and general expenses 325.2 343.8 966.5 1,005.0  
Total operating costs and expenses 1,155.8 1,174.7 3,273.6 3,360.8  
Operating Income (Loss) 148.2 188.1 413.1 438.0  
Interest Expense (89.3) (98.0) (269.6) (289.8)  
Other (expense) income, net (2.0) 0.2 (2.3) (0.2)  
Net income from continuing operations 39.8 (93.0) 249.2 (70.1)  
Income tax expense (benefit) 24.8 (2.2) 87.4 (4.5)  
Less: Net income attributable to noncontrolling interest 37.7 39.9 117.0 121.4  
Net income (loss) attributable to controlling interest 2.1 (132.9) 132.2 (191.5)  
Insurance Segment [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 428.9 347.2 1,170.7 958.3  
Disposal Group, Including Discontinued Operation, Benefits and other changes in policy reserves 266.0 247.7 575.4 660.1  
Disposal Group, Including Discontinued Operation, General and Administrative Expense 42.7 27.7 109.1 89.7  
Disposal Group, Including Discontinued Operation, Depreciation and Amortization 53.5 7.4 210.0 41.3  
Disposal Group, Including Discontinued Operation, Operating Expense 362.2 282.8 894.5 791.1  
Disposal Group, Including Discontinued Operation, Operating Income (Loss) 66.7 64.4 276.2 167.2  
Disposal Group, Including Discontinued Operation, Interest Expense (6.1) (5.1) (18.2) (16.9)  
Disposal Group, Including Discontinued Operation, Other Income 0.0 0.0 0.0 0.0  
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax (36.1) (217.2) 35.6 (240.7)  
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax 24.5 (157.9) 293.6 (90.4)  
Discontinued Operation, Tax Effect of Discontinued Operation [3] 16.8 25.5 98.2 128.7  
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 7.7 (183.4) 195.4 (219.1)  
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 4.1 1.9 31.6 13.1  
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 3.6 (185.3) 163.8 (232.2)  
Insurance Segment [Member] | Insurance Premiums [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 12.7 21.9 27.0 54.3  
Insurance Segment [Member] | Investment Income [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 269.4 252.8 778.6 734.1  
Insurance Segment [Member] | Gain (Loss) on Investments [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 102.8 38.7 237.5 73.5  
Insurance Segment [Member] | Insurance and investment product fees [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 44.0 33.8 127.6 96.4  
Compass Production Partners G.P. [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue   9.7   36.0  
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax   (26.0)   (13.0)  
Oil and Gas Production Expense   9.1   35.4  
Selling, acquisition, operating and general expenses   5.0   20.6  
Asset Impairment Charges   17.7   93.3  
Total operating costs and expenses   31.8   149.3  
Operating Income (Loss)   (22.1)   (113.3)  
Interest Expense   (1.6)   (5.3)  
Gain (Loss) on Disposition of Oil and Gas Property   0.0   105.6  
Other (expense) income, net   (2.3)   0.0  
Net income from continuing operations $ 0.0 (2.1) 0.0 (3.5)  
Income tax expense (benefit)   $ (23.9)   $ (9.5)  
FGL [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax     $ 58.0    
[1] The carrying value of cash and cash equivalents, trade receivables, accounts payable and accrued investment income approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.
[2] The fair value of debt set forth above is generally based on quoted or observed market prices.
[3] (a) Included in the income tax expense for the nine months ended June 30, 2016 was a $90.9 of net income tax expense related to the establishment of a deferred tax liability of $253.0 at June 30, 2016, which was a result of classifying the Company’s ownership interest in FGL as held for sale. The deferred tax liability was partially offset by a $162.1 reduction of valuation allowance on HRG’s net operating and capital loss carryforwards expected to offset the FGL taxable gain at June 30, 2016. The remaining liability is expected to be offset by losses recognized in continuing operations except for the $15.0 of estimated alternative minimum taxes.