Consolidating Financial Information Consolidating Financial Information (Tables)

12 Months Ended

Sep. 30, 2016

Consolidating Financial Information [Abstract]

Schedule of Quarterly Financial Information

	Quarter Ended June 30, 2016									Quarter Ended June 30, 2015
	Reported			Adjustment			As Revised			Reported			Adjustment			As Revised
Net consumer and other product sales	$	1,361.6		$	—		$	1,361.6		$	1,249.7		$	—		$	1,249.7
Total revenues	1,447.1			(9.7		)	1,437.4			1,227.2			(24.3		)	1,202.9
Net consumer and other product gross profit	530.7			—			530.7			458.4			—			458.4
Net income (loss) from continuing operations	115.4			26.1			141.5			(144.3		)	119.6			(24.7		)
(Loss) income from discontinued operations, net of tax	(208.4		)	(26.1		)	(234.5		)	102.9			(119.6		)	(16.7		)
Net (loss) income	(93.0		)	—			(93.0		)	(41.4		)	—			(41.4		)
Net loss attributable to controlling interest	(132.9		)	—			(132.9		)	(75.6		)	—			(75.6		)
Net loss per common share attributable to controlling interest:
Basic income (loss) from continuing operations	$	0.39		$	0.13		$	0.52		$	(0.82	)	$	0.61		$	(0.21	)
Basic (loss) income from discontinued operations	(1.06		)	(0.13		)	(1.19		)	0.44			(0.61		)	(0.17		)
Basic	$	(0.67	)	$	—		$	(0.67	)	$	(0.38	)	$	—		$	(0.38	)
Diluted income (loss) from continuing operations	$	0.38		$	0.13		$	0.51		$	(0.82	)	$	0.61		$	(0.21	)
Diluted (loss) income from discontinued operations	(1.04		)	(0.13		)	(1.17		)	0.44			(0.61		)	(0.17		)
Diluted	$	(0.66	)	$	—		$	(0.66	)	$	(0.38	)	$	—		$	(0.38	)

	Quarter Ended March 31, 2016									Quarter Ended March 31, 2015
	Reported			Adjustment (a)			As Revised			Reported			Adjustment			As Revised
Net consumer and other product sales	$	1,209.6		$	—		$	1,209.6		$	1,086.5		$	—		$	1,086.5
Total revenues	1,269.5			(9.5		)	1,260.0			1,143.8			(26.0		)	1,117.8
Net consumer and other product gross profit	462.8			—			462.8			379.5			—			379.5
Net income (loss) from continuing operations	11.6			44.9			56.5			(243.3		)	158.2			(85.1		)
(Loss) income from discontinued operations, net of tax	(13.1		)	(27.5		)	(40.6		)	5.8			(158.2		)	(152.4		)
Net (loss) income	(1.5		)	17.4			15.9			(237.5		)	—			(237.5		)
Net loss attributable to controlling interest	(34.8		)	10.1			(24.7		)	(228.3		)	—			(228.3		)
Net loss per common share attributable to controlling interest:
Basic income (loss) from continuing operations	$	(0.10	)	$	0.19		$	0.09		$	(1.20	)	$	0.80		$	(0.40	)
Basic (loss) income from discontinued operations	(0.08		)	(0.14		)	(0.22		)	0.04			(0.80		)	(0.76		)
Basic	$	(0.18	)	$	0.05		$	(0.13	)	$	(1.16	)	$	—		$	(1.16	)
Diluted income (loss) from continuing operations	$	(0.10	)	$	0.19		$	0.09		$	(1.20	)	$	0.80		$	(0.40	)
Diluted (loss) income from discontinued operations	(0.08		)	(0.14		)	(0.22		)	0.04			(0.80		)	(0.76		)
Diluted	$	(0.18	)	$	0.05		$	(0.13	)	$	(1.16	)	$	—		$	(1.16	)

	Quarter Ended
	September 30,						June 30,						March 31,						December 31,
	2016			2015			2016			2015			2016			2015			2015			2014
Net consumer and other product sales	$	1,249.7		$	1,308.1		$	1,361.6		$	1,249.7		$	1,209.6		$	1,086.5		$	1,218.8		$	1,088.8
Total revenues	1,308.6			1,281.5			1,437.4			1,202.9			1,260.0			1,117.8			1,209.4			1,107.5
Net consumer and other product gross profit	485.7			467.5			530.7			458.4			462.8			379.5			440.7			376.8
Net income (loss) from continuing operations	(9.6		)	(95.0		)	141.5			(24.7		)	56.5			(85.1		)	2.0			(86.1		)
(Loss) income from discontinued operations, net of tax	45.8			(32.1		)	(234.5		)	(16.7		)	(40.6		)	(152.4		)	5.0			(20.3		)
Net (loss) income	36.2			(127.1		)	(93.0		)	(41.4		)	15.9			(237.5		)	7.0			(106.4		)
Net loss attributable to controlling interest	(7.3		)	(143.1		)	(132.9		)	(75.6		)	(24.7		)	(228.3		)	(33.9		)	(109.8		)
Net loss per common share attributable to controlling interest:
Basic income (loss) from continuing operations	$	(0.24	)	$	(0.53	)	$	0.52		$	(0.21	)	$	0.09		$	(0.40	)	$	(0.15	)	$	(0.44	)
Basic (loss) income from discontinued operations	0.20			(0.20		)	(1.19		)	(0.17		)	(0.22		)	(0.76		)	(0.02		)	(0.12		)
Basic	$	(0.04	)	$	(0.73	)	$	(0.67	)	$	(0.38	)	$	(0.13	)	$	(1.16	)	$	(0.17	)	$	(0.56	)
Diluted income (loss) from continuing operations	$	(0.24	)	$	(0.53	)	$	0.51		$	(0.21	)	$	0.09		$	(0.40	)	$	(0.15	)	$	(0.44	)
Diluted (loss) income from discontinued operations	0.20			(0.20		)	(1.17		)	(0.17		)	(0.22		)	(0.76		)	(0.02		)	(0.12		)
Diluted	$	(0.04	)	$	(0.73	)	$	(0.66	)	$	(0.38	)	$	(0.13	)	$	(1.16	)	$	(0.17	)	$	(0.56	)

	Quarter Ended December 31, 2015									Quarter Ended December 31, 2014
	Reported			Adjustment			As Revised			Reported			Adjustment			As Revised
Net consumer and other product sales	$	1,218.8		$	—		$	1,218.8		$	1,088.8		$	—		$	1,088.8
Total revenues	1,226.2			(16.8		)	1,209.4			1,141.8			(34.3		)	1,107.5
Net consumer and other product gross profit	440.7			—			440.7			376.8			—			376.8
Net income (loss) from continuing operations	42.6			(40.6		)	2.0			(123.4		)	37.3			(86.1		)
(Loss) income from discontinued operations, net of tax	(35.6		)	40.6			5.0			17.0			(37.3		)	(20.3		)
Net (loss) income	7.0			—			7.0			(106.4		)	—			(106.4		)
Net loss attributable to controlling interest	(33.9		)	—			(33.9		)	(109.8		)	—			(109.8		)
Net loss per common share attributable to controlling interest:
Basic income (loss) from continuing operations	$	0.06		$	(0.21	)	$	(0.15	)	$	(0.63	)	$	0.19		$	(0.44	)
Basic (loss) income from discontinued operations	(0.23		)	0.21			(0.02		)	0.07			(0.19		)	(0.12		)
Basic	$	(0.17	)	$	—		$	(0.17	)	$	(0.56	)	$	—		$	(0.56	)
Diluted income (loss) from continuing operations	$	0.06		$	(0.21	)	$	(0.15	)	$	(0.63	)	$	0.19		$	(0.44	)
Diluted (loss) income from discontinued operations	(0.23		)	0.21			(0.02		)	0.07			(0.19		)	(0.12		)
Diluted	$	(0.17	)	$	—		$	(0.17	)	$	(0.56	)	$	—		$	(0.56	)

Schedule of Balance Sheet Information

HRG Group, Inc. - Condensed Consolidating Balance Sheets Information

September 30, 2016	Consumer Products		Insurance		Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Assets:
Investments in subsidiaries and affiliates	$	—	$	3.4	$	2,405.3		$	—	$	(2,408.7	)	$	—
Affiliated loans and receivables	—		20.3		0.2			—		(20.5		)	—
Cash and cash equivalents	275.3		32.1		189.9			—		—			497.3
Funds withheld receivables	—		1,725.0		—			—		(74.6		)	1,650.4
Receivables, net	538.2		17.4		0.7			—		—			556.3
Inventories, net	740.6		—		—			—		—			740.6
Deferred tax assets	18.3		8.6		—			—		15.7			42.6
Property, plant and equipment, net	542.1		—		1.3			—		—			543.4
Goodwill	2,478.4		—		—			—		—			2,478.4
Intangibles, net	2,372.5		—		—			—		—			2,372.5
Other assets	103.7		18.1		34.6			—		16.2			172.6
Assets of business held for sale	—		—		—			26,738.7		—			26,738.7
Total assets	$	7,069.1	$	1,824.9	$	2,632.0		$	26,738.7	$	(2,471.9	)	$	35,792.8
Liabilities and Equity:
Insurance reserves	$	—	$	1,685.9	$	—		$	—	$	65.4		$	1,751.3
Debt	3,620.2		—		1,747.7			—		63.0			5,430.9
Accounts payable and other current liabilities	931.6		6.1		51.6			—		0.5			989.8
Employee benefit obligations	120.2		—		5.2			—		—			125.4
Deferred tax liabilities	532.7		—		13.3			—		—			546.0
Other liabilities	20.4		3.5		8.3			—		(0.2		)	32.0
Affiliated debt and payables	—		0.2		171.2			—		(171.4		)	—
Liabilities of business held for sale	—		—		—			25,100.2		—			25,100.2
Total liabilities	5,225.1		1,695.7		1,997.3			25,100.2		(42.7		)	33,975.6
Total shareholders’ equity	1,040.4		129.2		638.1			1,259.6		(2,429.2		)	638.1
Noncontrolling interests	803.6		—		(3.4		)	378.9		—			1,179.1
Total shareholders’ equity	1,844.0		129.2		634.7			1,638.5		(2,429.2		)	1,817.2
Total liabilities and equity	$	7,069.1	$	1,824.9	$	2,632.0		$	26,738.7	$	(2,471.9	)	$	35,792.8

September 30, 2015	Consumer Products		Insurance		Corporate and Other		Discontinued Operations		Eliminations and adjustments			Total
Assets:
Investment in subsidiaries and affiliates	$	—	$	10.6	$	2,152.9	$	—	$	(2,163.5	)	$	—
Affiliated loans and receivables	—		31.1		1.2		—		(32.3		)	—
Cash and cash equivalents	247.9		18.0		395.3		—		—			661.2
Funds withheld receivables	—		1,743.8		—		—		(33.7		)	1,710.1
Receivables, net	586.6		25.6		1.5		—		0.2			613.9
Inventories, net	780.8		—		—		—		—			780.8
Deferred tax assets	9.3		23.6		9.6		—		14.2			56.7
Property, plant and equipment, net	507.1		—		2.4		—		—			509.5
Goodwill	2,476.7		—		10.7		—		—			2,487.4
Intangibles, net	2,480.3		—		—		—		—			2,480.3
Other assets	105.1		31.1		260.3		—		15.5			412.0
Assets of business held for sale	—		—		—		24,976.5		—			24,976.5
Assets of discontinued operations	—		—		—		343.1		—			343.1
Total assets	$	7,193.8	$	1,883.8	$	2,833.9	$	25,319.6	$	(2,199.6	)	$	35,031.5
Liabilities and Equity:
Insurance reserves	$	—	$	1,731.9	$	—	$	—	$	124.1		$	1,856.0
Debt	3,905.9		—		1,748.0		—		330.7			5,984.6
Accounts payable and other current liabilities	993.0		5.4		61.4		—		2.2			1,062.0
Employee benefit obligations	88.1		—		4.8		—		—			92.9
Deferred tax liabilities	572.6		—		1.9		—		—			574.5
Other liabilities	27.3		7.1		13.5		—		8.4			56.3
Affiliated debt and payables	—		—		415.3		—		(415.3		)	—
Liabilities of business held for sale	—		—		—		23,418.5		—			23,418.5
Liabilities of discontinued operations	—		—		—		398.6		—			398.6
Total liabilities	5,586.9		1,744.4		2,244.9		23,817.1		50.1			33,443.4
Total shareholders’ equity	900.4		139.4		586.7		1,209.9		(2,249.7		)	586.7
Noncontrolling interests	706.5		—		2.3		292.6		—			1,001.4
Total shareholders’ equity	1,606.9		139.4		589.0		1,502.5		(2,249.7		)	1,588.1
Total liabilities and equity	$	7,193.8	$	1,883.8	$	2,833.9	$	25,319.6	$	(2,199.6	)	$	35,031.5

Schedule of Income Statement Information

HRG Group, Inc. - Condensed Consolidating Statements of Operations Information

Fiscal 2016	Consumer Products			Insurance			Corporate and Other			Discontinued Operations			Eliminations and adjustments			Total
Revenues:
Net consumer and other product sales	$	5,039.7		$	—		$	—		$	—		$	—		$	5,039.7
Net investment income	—			2.4			8.0			—			56.6			67.0
Net investment gains (losses)	—			148.0			—			—			(46.9		)	101.1
Insurance and investment product fees and other	—			—			0.9			—			6.7			7.6
Total revenues	5,039.7			150.4			8.9			—			16.4			5,215.4
Operating costs and expenses:
Cost of consumer products and other goods sold	3,119.8			—			—			—			—			3,119.8
Benefits and other changes in policy reserves	—			153.2			—			—			(50.2		)	103.0
Selling, acquisition, operating and general expenses	1,165.0			9.6			69.4			—			(0.4		)	1,243.6
Impairments and bad debt expense	4.7			—			23.5			—			(1.1		)	27.1
Amortization of intangibles	93.9			—			—			—			—			93.9
Total operating costs and expenses	4,383.4			162.8			92.9			—			(51.7		)	4,587.4
Operating income	656.3			(12.4		)	(84.0		)	—			68.1			628.0
Equity in net income of subsidiaries	—			—			43.0			—			(43.0		)	—
Interest expense	(250.0		)	—			(143.1		)	—			(4.0		)	(397.1		)
Affiliated interest expense	—			—			(12.2		)	—			12.2			—
Other income (expense), net	(8.6		)	—			11.1			—			(1.5		)	1.0
Income (loss) from continuing operations before income taxes	397.7			(12.4		)	(185.2		)	—			31.8			231.9
Income tax expense (benefit)	40.0			(2.4		)	18.9			—			(15.0		)	41.5
Net income (loss) from continuing operations	357.7			(10.0		)	(204.1		)	—			46.8			190.4
(Loss) income from discontinued operations, net of tax	—			—			—			(224.3		)	—			(224.3		)
Net (loss) income	357.7			(10.0		)	(204.1		)	(224.3		)	46.8			(33.9		)
Less: Net income attributable to noncontrolling interest	151.1			—			(5.3		)	19.1			—			164.9
Net loss attributable to controlling interest	$	206.6		$	(10.0	)	$	(198.8	)	$	(243.4	)	$	46.8		$	(198.8	)

Fiscal 2015	Consumer Products			Insurance			Corporate and Other			Discontinued Operations			Eliminations and adjustments			Total
Revenues:
Net consumer and other product sales	$	4,690.4		$	—		$	42.7		$	—		$	—		$	4,733.1
Net investment income	—			8.9			20.6			—			54.8			84.3
Net investment gains (losses)	—			(107.7		)	—			—			(6.3		)	(114.0		)
Insurance and investment product fees and other	—			—			0.1			—			6.2			6.3
Total revenues	4,690.4			(98.8		)	63.4			—			54.7			4,709.7
Operating costs and expenses:
Cost of consumer products and other goods sold	3,020.0			—			30.9			—			—			3,050.9
Benefits and other changes in policy reserves	—			(43.5		)	—			—			114.1			70.6
Selling, acquisition, operating and general expenses	1,108.5			13.4			181.1			—			(1.7		)	1,301.3
Impairments and bad debt expense	—			—			148.1			—			5.2			153.3
Amortization of intangibles	87.8			—			—			—			—			87.8
Total operating costs and expenses	4,216.3			(30.1		)	360.1			—			117.6			4,663.9
Operating income	474.1			(68.7		)	(296.7		)	—			(62.9		)	45.8
Equity in net loss of subsidiaries	—			—			(232.4		)	—			232.4			—
Interest expense	(271.9		)	—			(124.2		)	—			(5.5		)	(401.6		)
Affiliated interest expense	—			—			(29.6		)	—			29.6			—
Gain on deconsolidation of subsidiary	—			—			38.5			—			—			38.5
Other income (expense), net	(8.9		)	—			29.8			—			(10.7		)	10.2
Income (loss) from continuing operations before income taxes	193.3			(68.7		)	(614.6		)	—			182.9			(307.1		)
Income tax expense (benefit)	43.9			(24.0		)	(17.5		)	—			(18.6		)	(16.2		)
Net income (loss) from continuing operations	149.4			(44.7		)	(597.1		)	—			201.5			(290.9		)
(Loss) income from discontinued operations, net of tax	—			—			—			(221.5		)	—			(221.5		)
Net (loss) income	149.4			(44.7		)	(597.1		)	(221.5		)	201.5			(512.4		)
Less: Net income attributable to noncontrolling interest	62.7			—			(40.3		)	22.0			—			44.4
Net loss attributable to controlling interest	$	86.7		$	(44.7	)	$	(556.8	)	$	(243.5	)	$	201.5		$	(556.8	)

Fiscal 2014	Consumer Products			Insurance		Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Revenues:
Net consumer and other product sales	$	4,429.1		$	—	$	20.1		$	—	$	—		$	4,449.2
Net investment income	—			9.3		33.4			—		47.4			90.1
Net investment gains (losses)	—			135.0		—			—		(45.7		)	89.3
Insurance and investment product fees and other	—			—		—			—		6.1			6.1
Total revenues	4,429.1			144.3		53.5			—		7.8			4,634.7
Operating costs and expenses:
Cost of consumer products and other goods sold	2,860.3			—		15.3			—		—			2,875.6
Benefits and other changes in policy reserves	—			92.8		—			—		(25.9		)	66.9
Selling, acquisition, operating and general expenses	1,005.2			11.4		163.0			—		1.4			1,181.0
Impairments and bad debt expense	—			—		2.3			—		(0.2		)	2.1
Amortization of intangibles	81.7			—		—			—		—			81.7
Total operating costs and expenses	3,947.2			104.2		180.6			—		(24.7		)	4,207.3
Operating income	481.9			40.1		(127.1		)	—		32.5			427.4
Equity in net income of subsidiaries	—			—		251.6			—		(251.6		)	—
Interest expense	(202.1		)	—		(89.7		)	—		(7.0		)	(298.8		)
Affiliated interest expense	—			—		(15.6		)	—		15.6			—
Loss from the change in the fair value of the equity conversion feature of preferred stock	—			—		(12.7		)	—		—			(12.7		)
Other income (expense), net	(6.3		)	—		(5.4		)	—		(0.2		)	(11.9		)
Income (loss) from continuing operations before income taxes	273.5			40.1		1.1			—		(210.7		)	104.0
Income tax expense (benefit)	59.0			15.7		1.2			—		13.7			89.6
Net income (loss) from continuing operations	214.5			24.4		(0.1		)	—		(224.4		)	14.4
(Loss) income from discontinued operations, net of tax	—			—		—			87.3		—			87.3
Net (loss) income	214.5			24.4		(0.1		)	87.3		(224.4		)	101.7
Less: Net income attributable to noncontrolling interest	88.9			—		10.2			12.9		—			112.0
Net loss attributable to controlling interest	125.6			24.4		(10.3		)	74.4		(224.4		)	(10.3		)
Less: Preferred stock dividends, accretion and loss on conversion	—			—		73.6			—		—			73.6
Net loss attributable to common and participating preferred stockholders	$	125.6		$	24.4	$	(83.9	)	$	74.4	$	(224.4	)	$	(83.9	)