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Derivative Financial Instruments (Tables)
 9 Months Ended
Jun. 30, 2013
Derivative [Line Items]  
Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets
The fair value of outstanding derivative contracts recorded in the accompanying Condensed Consolidated Balance Sheets were as follows:
Asset Derivatives
 
Classification
 
June 30,
2013
 
September 30,
2012
Derivatives designated as hedging instruments:
 
 
 
 
 
 
Commodity swap and option agreements
 
Receivables, net
 
$
—

 
$
1.0

Commodity swap and option agreements
 
Other assets
 
—

 
1.0

Foreign exchange forward agreements
 
Receivables, net
 
5.2

 
1.2

Foreign exchange contracts
 
Other assets
 
0.6

 
—

Total asset derivatives designated as hedging instruments
 
 
 
5.8

 
3.2

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Commodity contracts
 
Receivables, net
 
4.4

 
—

Call options
 
Derivatives
 
227.4

 
200.7

Futures contracts
 
Derivatives
 
—

 
—

Foreign exchange contracts
 
Receivables, net
 
—

 
—

Total asset derivatives
 
 
 
$
237.6

 
$
203.9

Liability Derivatives
 
Classification
 
June 30,
2013
 
September 30,
2012
Derivatives designated as hedging instruments:
 
 
 
 
 
 
Commodity contracts
 
Accounts payable and other current liabilities
 
$
1.2

 
$
—

Commodity contracts
 
Other liabilities
 
0.1

 
—

Foreign exchange forward agreements
 
Accounts payable and other current liabilities
 
0.1

 
3.1

Total liability derivatives designated as hedging instruments
 
 
 
1.4

 
3.1

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Commodity contracts
 
Other liabilities
 
1.0

 
—

Commodity contracts
 
Accounts payable and other current liabilities
 
0.2

 
—

FIA embedded derivative
 
Contractholder funds
 
1,585.9

 
1,550.8

Futures contracts
 
Other liabilities
 
0.4

 
0.9

Foreign exchange forward contracts
 
Other liabilities
 
3.3

 
4.0

Foreign exchange forward contracts
 
Accounts payable and other current liabilities
 
1.1

 
2.9

Equity conversion feature of preferred stock
 
Equity conversion feature of preferred stock
 
147.3

 
232.0

Total liability derivatives
 
 
 
$
1,740.6

 
$
1,793.7
Pretax Impact of Derivative Instruments Designated as Cash Flow Hedges on Accompanying Condensed Consolidated Statements of Operations, and Within AOCI
The following table summarizes the pretax impact of derivative instruments designated as cash flow hedges on the accompanying Condensed Consolidated Statements of Operations, and within AOCI, for the three and nine months ended June 30, 2013 and July 1, 2012:
Derivatives in Cash Flow Hedging Relationships
 
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion)
 
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
 
Classification
 
 
June 30,
2013
 
July 1,
2012
 
June 30,
2013
 
July 1,
2012
 
 
Three months ended
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
(1.0
)
 
$
(2.4
)
 
$
(0.3
)
 
$
(0.2
)
 
Consumer products cost of goods sold
Interest rate contracts
 
—

 
—

 
—

 
—

 
Interest expense
Foreign exchange contracts
 
0.2

 
(0.4
)
 
0.4

 
(0.1
)
 
Net consumer products sales
Foreign exchange contracts
 
4.0

 
5.9

 
0.5

 
0.6

 
Consumer products cost of goods sold
Total
 
$
3.2

 
$
3.1

 
$
0.6

 
$
0.3

 
 
Nine months ended
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
(3.4
)
 
$
(2.0
)
 
$
(0.2
)
 
$
(0.7
)
 
Consumer products cost of goods sold
Interest rate contracts
 
—

 
—

 
—

 
(0.9
)
 
Interest expense
Foreign exchange contracts
 
0.8

 
(0.1
)
 
0.7

 
(0.3
)
 
Net consumer products sales
Foreign exchange contracts
 
7.2

 
2.4

 
(0.4
)
 
(1.3
)
 
Consumer products cost of goods sold
Total
 
$
4.6

 
$
0.3

 
$
0.1

 
$
(3.2
)
 
 
Summary of Gain (Loss) Recognized in Income on Derivatives
During the three and nine months ended June 30, 2013 and July 1, 2012 the Company recognized the following gains (losses) on these derivatives:
Derivatives Not Designated as Hedging Instruments
 
Gain (Loss) Recognized in Income on Derivatives
 
Classification
 
 
Three months ended
 
Nine months ended
 
 
 
 
June 30, 2013
 
July 1,
2012
 
June 30, 2013
 
July 1,
2012
 
 
Equity conversion feature of preferred stock
 
$
52.6

 
$
(125.5
)
 
$
81.9

 
$
(124.0
)
 
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock
Oil and natural gas commodity contracts
 
9.6

 
—

 
0.8

 
—

 
Other income (expense), net
Commodity contracts
 
(0.2
)
 
—

 
(0.2
)
 
—

 
Consumer products cost of goods sold
Foreign exchange contracts
 
0.5

 
7.9

 
(1.8
)
 
11.7

 
Other income (expense), net
Call options
 
16.5

 
(44.6
)
 
114.1

 
48.7

 
Net investment gains (losses)
Futures contracts
 
3.5

 
(6.6
)
 
12.5

 
33.9

 
Net investment gains (losses)
Available-for-sale embedded derivatives
 
—

 
0.4

 
—

 
0.4

 
Net investment income
FIA embedded derivatives
 
53.7

 
10.3

 
(35.1
)
 
(90.1
)
 
Benefits and other changes in policy reserves
Total
 
$
136.2

 
$
(158.1
)
 
$
172.2

 
$
(119.4
)
 
 
Volumes and Fair Value of Oil and Natural Gas Derivative Financial Instruments
The following table presents the volumes and fair value of the EXCO/HGI JV's oil and natural gas derivative financial instruments as of June 30, 2013 (presented on a calendar-year basis) : 
(in millions, except volumes and prices)
 
Volume Mmmbtus/Mbbls
 
Weighted average strike price per Mmbtu/Bbl
 
June 30,
2013
Natural gas:
 
 
 
 
 
 
Swaps:
 
 
 
 
 
 
Remainder of 2013
 
10,281.0

 
$
3.72

 
$
0.8

2014
 
10,877.0

 
4.14

 
2.4

Total natural gas
 
21,158.0

 
 
 
$
3.2

Oil:
 
 
 
 
 
 
Swaps:
 
 
 
 
 
 
Remainder of 2013
 
206.0

 
$
94.05

 
$
(0.2
)
2014
 
272.0

 
91.87

 
0.5

Total oil
 
478.0

 
 
 
$
0.3

Total oil and natural gas derivatives
 
 
 
 
 
$
3.5
Commodity contracts [Member]
  
Derivative [Line Items]  
Summary of Gain (Loss) Recognized in Income on Derivatives
 
 
June 30,
2013
 
 
Three months ended
 
Nine months ended
Cash settlements on derivative financial instruments
 
$
(1.9
)
 
$
(1.3
)
Non-cash change in fair value of derivative financial instruments
 
11.5

 
2.1

Gain on oil and natural gas commodity contracts
 
$
9.6

 
$
0.8
Call options [Member]
  
Derivative [Line Items]  
FGL's Exposure to Credit Loss on Call Options Held
Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
 
 
 
 
June 30, 2013
 
September 30, 2012
Counterparty
 
Credit Rating
(Moody's/S&P)
 
Notional
Amount
 
Fair Value
 
Notional
Amount
 
Fair Value
Bank of America
 
Baa2/A-
 
$
2,098.4

 
$
76.4

 
$
1,884.0

 
$
64.1

Deutsche Bank
 
A2/A+
 
1,564.0

 
57.4

 
1,816.5

 
61.7

Morgan Stanley
 
Baa1/A-
 
2,024.7

 
64.5

 
1,634.7

 
51.6

Royal Bank of Scotland
 
Baa1/A-
 
479.0

 
24.6

 
353.9

 
19.6

Barclay's Bank
 
A2/A+
 
127.1

 
4.5

 
131.3

 
3.1

Credit Suisse
 
A2/A
 
—

 
—

 
10.0

 
0.6

 
 
 
 
$
6,293.2

 
$
227.4

 
$
5,830.4

 
$
200.7