Divestitures Disposal Groups, Including Discontinued Operations, Disclosure (Tables)

12 Months Ended

Sep. 30, 2016

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

, the Company determined that its ownership interest in FGL met the criteria established by ASC 360 to classify it as held for sale. The following table summarizes the major categories of assets and liabilities of FGL classified as held for sale in the accompanying Consolidated Balance Sheets at September 30, 2016 and 2015:

	September 30, 2016			September 30, 2015
Assets
Investments, including loans and receivables from affiliates	$	21,140.9		$	19,206.7
Cash and cash equivalents	863.9			501.8
Accrued investment income	213.7			191.2
Reinsurance recoverable	3,463.9			3,578.7
Deferred tax assets	—			189.1
Properties, plant and equipment, net	18.5			14.4
Deferred acquisition costs and value of business acquired, net	1,065.5			1,048.6
Other assets	335.1			246.0
Write-down of assets of business held for sale to fair value less cost to sell	(362.8		)	—
Total assets of business held for sale	$	26,738.7		$	24,976.5
Liabilities
Insurance reserves	$	23,944.6		$	22,560.1
Debt	398.8			295.9
Accounts payable and other current liabilities	57.0			43.7
Deferred tax liabilities	9.9			—
Other liabilities	689.9			518.8
Total liabilities of business held for sale	$	25,100.2		$	23,418.5

The following table summarizes the components of “(Loss) income from discontinued operations, net of tax” in the accompanying Consolidated Statements of Operations at Fiscal 2016, 2015 and 2014:

	Fiscal
	2016			2015			2014
(Loss) income from discontinued operations, net of tax attributable to FGL	$	(265.1	)	$	147.1		$	155.0
Income (loss) from discontinued operations, net of tax attributable to Compass	40.8			(368.6		)	(67.7		)
(Loss) income from discontinued operations, net of tax	$	(224.3	)	$	(221.5	)	$	87.3

	Fiscal
	2016			2015			2014
Revenues:
Oil and natural gas revenues	$	40.2		$	107.4		$	147.0
Operating costs and expenses:
Oil and natural gas direct operating costs	38.2			85.9			69.6
Selling, acquisition, operating and general expenses	22.8			62.0			50.0
Impairments and bad debt expense	93.2			485.1			81.0
Total operating costs and expenses	154.2			633.0			200.6
Operating loss	(114.0		)	(525.6		)	(53.6		)
Interest expense	(5.9		)	(9.9		)	(7.7		)
Gain upon gaining control of equity method investment	—			141.2			—
Gain on sale of oil and gas properties	105.6			—			—
Other income (loss), net	1.5			25.7			(6.4		)
Gain on disposal	53.6			—			—
Net income (loss)	40.8			(368.6		)	(67.7		)
Less: net income (loss) attributable to noncontrolling interest	0.1			(1.1		)	—
Net income (loss) attributable to common and participating preferred stockholders	$	40.7		$	(367.5	)	$	(67.7	)

Below is a summary of the impact of such intercompany balances in the accompanying Consolidated Balance Sheets:

	September 30, 2016		September 30, 2015
Assets
Funds withheld receivable	$	978.8	$	1,058.0
Other assets	15.1		15.9
Assets of business held for sale	1,375.5		1,769.8
Total assets	$	2,369.4	$	2,843.7
Liabilities
Insurance reserves	$	1,119.5	$	1,226.8
Debt	63.0		330.7
Accounts payable and other current liabilities	—		1.6
Other liabilities	—		11.0
Liabilities of business held for sale	1,186.9		1,273.6
Total liabilities	$	2,369.4	$	2,843.7

The following table summarizes the components of “(Loss) income from discontinued operations, net of tax” in the accompanyingConsolidated Statements of Operations for Fiscal 2016, 2015 and 2014:

	Fiscal
	2016			2015			2014
Revenues:
Insurance premiums	$	69.9		$	58.5		$	55.6
Net investment income (a)	922.7			850.8			760.2
Net investment gains (losses) (b)	27.6			(2.0		)	306.7
Insurance and investment product fees and other	126.8			89.2			68.3
Total revenues	1,147.0			996.5			1,190.8
Operating costs and expenses:
Benefits and other changes in policy reserves	790.9			578.4			787.5
Selling, acquisition, operating and general expenses	118.3			112.8			102.3
Amortization of intangibles	78.6			41.8			97.5
Total operating costs and expenses	987.8			733.0			987.3
Operating income	159.2			263.5			203.5
Interest expense	(22.0		)	(23.6		)	(22.5		)
Other income (expense), net	4.8			(5.0		)	(4.0		)
Write-down of assets of business held for sale to fair value less cost to sell (c)	(362.8		)	—			—
Net (loss) income before income taxes	(220.8		)	234.9			177.0
Income tax expense (d)	44.3			87.8			22.0
Net (loss) income	(265.1		)	147.1			155.0
Less: net income attributable to noncontrolling interest	19.0			23.1			12.9
Net (loss) income - attributable to controlling interest	$	(284.1	)	$	124.0		$	142.1