XML 44 R31.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Divestitures Disposal Groups, Including Discontinued Operations, Disclosure (Tables) | 3 Months Ended
--- | ---
Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Disposal Groups, Including Discontinued Operations [Table Text Block] | The following table summarizes the components of “Net income from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations for the two months ended November 30, 2017 and the three months ended December 31, 2016:
|  | Two months ended November 30, 2017 |  | Three months ended December 31, 2016
Revenues: |  |  |  |
Insurance premiums |  | $ | 6.8 |  |  | $ | 11.2 |
Net investment income |  | 181.9 |  |  | 250.5 |
Net investment gains |  | 154.8 |  |  | 22.6 |
Insurance and investment product fees and other |  | 35.1 |  |  | 39.0 |
Total revenues |  | 378.6 |  |  | 323.3 |
Operating costs and expenses: |  |  |  |
Benefits and other changes in policy reserves |  | 241.3 |  |  | 8.3 |
Selling, acquisition, operating and general expenses |  | 52.8 |  |  | 30.7 |
Amortization of intangibles |  | 35.8 |  |  | 120.0 |
Total operating costs and expenses |  | 329.9 |  |  | 159.0 |
Operating income |  | 48.7 |  |  | 164.3 |
Interest expense |  | (3.9 | ) |  | (6.1 | )
Other expense, net |  | (0.1 | ) |  | — |
(Write-down) write-up of assets of businesses held for sale to fair value |  | (14.2 | ) |  | 144.5 |
Reclassification of accumulated other comprehensive income |  | 445.9 |  |  | — |
Income from discontinued operations before income taxes |  | 476.4 |  |  | 302.7 |
Income tax expense |  | 16.5 |  |  | 52.3 |
Net income from discontinued operations |  | 459.9 |  |  | 250.4 |
Net income from discontinued operation attributable to noncontrolling interest |  | 5.4 |  |  | 21.1 |
Net income from discontinued operations attributable to controlling interest |  | $ | 454.5 |  |  | $ | 229.3 |
The following table summarizes the components of “Net income from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations for the three months ended December 31, 2017 and 2016:
|  | Three months ended December 31,
|  | 2017 |  | 2016
Revenues: |  |  |  |
Net sales |  | $ | 603.3 |  |  | $ | 609.5 |
Operating costs and expenses: |  |  |  |
Cost of goods sold |  | 403.4 |  |  | 398.6 |
Selling, acquisition, operating and general expenses |  | 131.7 |  |  | 121.3 |
Total operating costs and expenses |  | 535.1 |  |  | 519.9 |
Operating income |  | 68.2 |  |  | 89.6 |
Interest expense |  | 13.7 |  |  | 12.8 |
Other expense, net |  | 0.3 |  |  | — |
Income from discontinued operations before income taxes |  | 54.2 |  |  | 76.8 |
Income tax expense |  | 13.3 |  |  | 24.4 |
Net income from discontinued operations |  | 40.9 |  |  | 52.4 |
Net income from discontinued operation attributable to noncontrolling interest |  | 16.8 |  |  | 22.3 |
Net income from discontinued operations attributable to controlling interest |  | $ | 24.1 |  |  | $ | 30.1 |
The following table summarizes the assets and liabilities of Spectrum Brands’ GBA segment classified as held for sale as of December 31, 2017 and September 30, 2017:
| December 31, 2017 |  | September 30, 2017
Assets |  |  |
Trade receivables, net | $ | 282.5 |  |  | $ | 260.1 |
Other receivables, net | 29.1 |  |  | 24.1 |
Inventories, net | 273.3 |  |  | 279.1 |
Prepaid expenses and other current assets | 40.7 |  |  | 39.7 |
Property, plant and equipment, net | 194.8 |  |  | 196.4 |
Deferred charges and other assets | 17.3 |  |  | 19.2 |
Goodwill | 348.6 |  |  | 348.9 |
Intangibles, net | 804.3 |  |  | 811.9 |
Total assets of businesses held for sale | $ | 1,990.6 |  |  | $ | 1,979.4 |
Liabilities |  |  |
Current portion of long-term debt | $ | 23.5 |  |  | $ | 17.3 |
Accounts payable | 302.3 |  |  | 355.9 |
Accrued wages and salaries | 29.8 |  |  | 36.9 |
Other current liabilities | 98.8 |  |  | 89.8 |
Long-term debt, net of current portion | 51.1 |  |  | 51.4 |
Deferred income taxes | 36.8 |  |  | 38.2 |
Other long-term liabilities | 65.9 |  |  | 66.2 |
Total liabilities of businesses held for sale | $ | 608.2 |  |  | $ | 655.7 |
The following table summarizes the major categories of assets and liabilities of the Insurance Operations classified as held for sale in the accompanying Condensed Consolidated Balance Sheets at September 30, 2017:
| September 30, 2017
Assets |
Investments, including loans and receivables from affiliates | $ | 23,211.1 |
Funds withheld receivables | 742.7 |
Cash and cash equivalents | 914.5 |
Accrued investment income | 231.3 |
Reinsurance recoverable | 2,358.8 |
Deferred acquisition costs and value of business acquired, net | 1,163.6 |
Other assets | 125.4 |
Write-down of assets of businesses held for sale to fair value less cost to sell | (421.2 | )
Total assets of businesses held for sale | $ | 28,326.2 |
Liabilities |
Insurance reserves | $ | 24,989.6 |
Debt | 405.0 |
Accounts payable and other current liabilities | 56.2 |
Deferred tax liabilities | 68.0 |
Other liabilities | 831.9 |
Total liabilities of businesses held for sale | $ | 26,350.7 |

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration