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Divestitures Disposal Groups, Including Discontinued Operations, Disclosure (Tables) | 6 Months Ended
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Mar. 31, 2018
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 assets and liabilities of Spectrum Brands’ GBA segment classified as held for sale as of March 31, 2018 and September 30, 2017:
| March 31, 2018 |  | September 30, 2017
Assets |  |  |
Trade receivables, net | $ | 214.6 |  |  | $ | 260.1 |
Other receivables, net | 25.2 |  |  | 24.0 |
Inventories, net | 324.7 |  |  | 279.2 |
Prepaid expenses and other current assets | 41.9 |  |  | 39.7 |
Property, plant and equipment, net | 198.1 |  |  | 196.8 |
Deferred charges and other assets | 17.8 |  |  | 19.3 |
Goodwill | 351.3 |  |  | 348.9 |
Intangibles, net | 802.4 |  |  | 811.9 |
Total assets of businesses held for sale | $ | 1,976.0 |  |  | $ | 1,979.9 |
Liabilities |  |  |
Current portion of long-term debt | $ | 28.3 |  |  | $ | 17.3 |
Accounts payable | 250.8 |  |  | 355.9 |
Accrued wages and salaries | 31.9 |  |  | 37.6 |
Other current liabilities | 90.4 |  |  | 89.8 |
Long-term debt, net of current portion | 52.6 |  |  | 51.7 |
Deferred income taxes | 38.7 |  |  | 38.2 |
Other long-term liabilities | 65.9 |  |  | 66.2 |
Total liabilities of businesses held for sale | $ | 558.6 |  |  | $ | 656.7 |
The following table summarizes the components of “Net income (loss) from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations for the three and six months ended March 31, 2018 and 2017:
| Three months ended March 31, |  | Six months ended March 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
Revenues: |  |  |  |  |  |  |
Net sales | $ | 427.8 |  |  | $ | 413.5 |  |  | $ | 1,031.1 |  |  | $ | 1,023.0 |
Operating costs and expenses: |  |  |  |  |  |  |
Cost of goods sold | 280.7 |  |  | 265.1 |  |  | 684.1 |  |  | 663.7 |
Selling, acquisition, operating and general expenses | 134.4 |  |  | 109.2 |  |  | 266.1 |  |  | 230.5 |
Total operating costs and expenses | 415.1 |  |  | 374.3 |  |  | 950.2 |  |  | 894.2 |
Operating income | 12.7 |  |  | 39.2 |  |  | 80.9 |  |  | 128.8 |
Interest expense | 12.4 |  |  | 11.7 |  |  | 26.1 |  |  | 24.5 |
Other income (expense), net | 0.1 |  |  | (0.2 | ) |  | 0.4 |  |  | (0.2 | )
Income from discontinued operations before income taxes | 0.2 |  |  | 27.7 |  |  | 54.4 |  |  | 104.5 |
Income tax (benefit) expense | (0.5 | ) |  | 8.6 |  |  | 12.8 |  |  | 33.0 |
Net income from discontinued operations | 0.7 |  |  | 19.1 |  |  | 41.6 |  |  | 71.5 |
Net income from discontinued operation attributable to noncontrolling interest | 0.3 |  |  | 7.7 |  |  | 17.1 |  |  | 30.0 |
Net income from discontinued operations attributable to controlling interest | $ | 0.4 |  |  | $ | 11.4 |  |  | $ | 24.5 |  |  | $ | 41.5 |
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 |
The following table summarizes the components of “Net income (loss) from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations for the two months ended November 30, 2017 and the three and six months ended March 31, 2017:
|  | Two months ended November 30, 2017 |  | Three months ended March 31, 2017 |  | Six months ended March, 31 2017
Revenues: |  |  |  |  |  |
Insurance premiums |  | $ | 6.8 |  |  | $ | 3.1 |  |  | $ | 14.3 |
Net investment income |  | 181.9 |  |  | 258.7 |  |  | 509.2 |
Net investment gains |  | 154.8 |  |  | 112.0 |  |  | 134.6 |
Insurance and investment product fees and other |  | 35.1 |  |  | 44.6 |  |  | 83.6 |
Total revenues |  | 378.6 |  |  | 418.4 |  |  | 741.7 |
Operating costs and expenses: |  |  |  |  |  |
Benefits and other changes in policy reserves |  | 241.3 |  |  | 301.1 |  |  | 309.4 |
Selling, acquisition, operating and general expenses |  | 52.8 |  |  | 35.7 |  |  | 66.4 |
Amortization of intangibles |  | 35.8 |  |  | 36.5 |  |  | 156.5 |
Total operating costs and expenses |  | 329.9 |  |  | 373.3 |  |  | 532.3 |
Operating income |  | 48.7 |  |  | 45.1 |  |  | 209.4 |
Interest expense |  | (3.9 | ) |  | (6.0 | ) |  | (12.1 | )
Other (expense) income |  | (0.1 | ) |  | 0.1 |  |  | 0.1 |
(Write-down) write-up of assets of businesses held for sale to fair value |  | (14.2 | ) |  | (72.8 | ) |  | 71.7 |
Reclassification of accumulated other comprehensive income |  | 445.9 |  |  | — |  |  | — |
Income (loss) from discontinued operations before income taxes |  | 476.4 |  |  | (33.6 | ) |  | 269.1 |
Income tax expense |  | 16.5 |  |  | 29.1 |  |  | 81.4 |
Net income (loss) from discontinued operations |  | 459.9 |  |  | (62.7 | ) |  | 187.7 |
Net income from discontinued operation attributable to noncontrolling interest |  | 5.4 |  |  | 6.4 |  |  | 27.5 |
Net income (loss) from discontinued operations attributable to controlling interest |  | $ | 454.5 |  |  | $ | (69.1 | ) |  | $ | 160.2 |

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