Consolidating Financial Information Consolidating Financial Information (Tables)

12 Months Ended

Sep. 30, 2017

Consolidating Financial Information [Abstract]

Schedule of Quarterly Financial Information

	Quarter Ended
	September 30,						June 30,						March 31,						December 31,
	2017			2016			2017			2016			2017			2016			2016			2015
Net sales	$	1,321.8		$	1,249.7		$	1,303.9		$	1,361.6		$	1,169.9		$	1,209.6		$	1,211.8		$	1,218.8
Total revenues	1,321.8			1,249.8			1,304.0			1,362.8			1,170.6			1,211.2			1,212.1			1,224.8
Net consumer and other product gross profit	496.3			485.7			473.3			530.7			455.2			462.8			450.0			440.7
Net income (loss) from continuing operations	49.1			(8.3		)	32.1			92.5			11.3			35.8			10.4			24.2
Income (loss) from discontinued operations, net of tax	(25.1		)	44.5			7.7			(185.5		)	(62.7		)	(19.9		)	250.4			(17.2		)
Net income (loss)	24.0			36.2			39.8			(93.0		)	(51.4		)	15.9			260.8			7.0
Net income (loss) attributable to controlling interest	(26.2		)	(7.3		)	2.1			(132.9		)	(82.1		)	(24.7		)	212.2			(33.9		)
Net income (loss) per common share attributable to controlling interest:
Basic loss from continuing operations	$	0.05		$	(0.23	)	$	(0.01	)	$	0.27		$	(0.06	)	$	(0.02	)	$	(0.09	)	$	(0.04	)
Basic income (loss) from discontinued operations	(0.18		)	0.19			0.02			(0.94		)	(0.35		)	(0.11		)	1.15			(0.13		)
Basic	$	(0.13	)	$	(0.04	)	$	0.01		$	(0.67	)	$	(0.41	)	$	(0.13	)	$	1.06		$	(0.17	)
Diluted loss from continuing operations	$	0.05		$	(0.23	)	$	(0.01	)	$	0.27		$	(0.06	)	$	(0.02	)	$	(0.09	)	$	(0.04	)
Diluted income (loss) from discontinued operations	(0.18		)	0.19			0.02			(0.93		)	(0.35		)	(0.11		)	1.15			(0.13		)
Diluted	$	(0.13	)	$	(0.04	)	$	0.01		$	(0.66	)	$	(0.41	)	$	(0.13	)	$	1.06		$	(0.17	)

	Quarter Ended March 31, 2017									Quarter Ended March 31, 2016
	Reported			Adjustment			As Revised			Reported			Adjustment			As Revised
Net sales	$	1,169.9		$	—		$	1,169.9		$	1,209.6		$	—		$	1,209.6
Total revenues	1,216.1			(45.5		)	1,170.6			1,267.3			(56.1		)	1,211.2
Net consumer and other product gross profit	455.2			—			455.2			462.8			—			462.8
Net income (loss) from continuing operations	3.0			8.3			11.3			63.5			(27.7		)	35.8
Income (loss) from discontinued operations, net of tax	(54.4		)	(8.3		)	(62.7		)	(47.6		)	27.7			(19.9		)
Net income (loss)	(51.4		)	—			(51.4		)	15.9			—			15.9
Net income (loss) attributable to controlling interest	(82.1		)	—			(82.1		)	(24.7		)	—			(24.7		)
Net income (loss) per common share attributable to controlling interest:
Basic loss from continuing operations	$	(0.11	)	$	0.05		$	(0.06	)	$	0.12		$	(0.14	)	$	(0.02	)
Basic income (loss) from discontinued operations	(0.30		)	(0.05		)	(0.35		)	(0.24		)	0.13			(0.11		)
Basic	$	(0.41	)	$	—		$	(0.41	)	$	(0.12	)	$	(0.01	)	$	(0.13	)
Diluted loss from continuing operations	$	(0.11	)	$	0.05		$	(0.06	)	$	0.12		$	(0.14	)	$	(0.02	)
Diluted income (loss) from discontinued operations	(0.30		)	(0.05		)	(0.35		)	(0.24		)	0.13			(0.11		)
Diluted	$	(0.41	)	$	—		$	(0.41	)	$	(0.12	)	$	(0.01	)	$	(0.13	)

	Quarter Ended December 31, 2016									Quarter Ended December 31, 2015
	Reported			Adjustment			As Revised			Reported			Adjustment			As Revised
Net sales	$	1,211.8		$	—		$	1,211.8		$	1,218.8		$	—		$	1,218.8
Total revenues	1,189.6			22.5			1,212.1			1,209.4			15.4			1,224.8
Net consumer and other product gross profit	450.0			—			450.0			440.7			—			440.7
Net income (loss) from continuing operations	2.0			8.4			10.4			9.5			14.7			24.2
Income (loss) from discontinued operations, net of tax	258.8			(8.4		)	250.4			(2.5		)	(14.7		)	(17.2		)
Net income (loss)	260.8			—			260.8			7.0			—			7.0
Net income (loss) attributable to controlling interest	212.2			—			212.2			(33.9		)	—			(33.9		)
Net income (loss) per common share attributable to controlling interest:
Basic loss from continuing operations	$	(0.13	)	$	0.04		$	(0.09	)	$	(0.11	)	$	0.07		$	(0.04	)
Basic income (loss) from discontinued operations	1.19			(0.04		)	1.15			(0.06		)	(0.07		)	(0.13		)
Basic	$	1.06		$	—		$	1.06		$	(0.17	)	$	—		$	(0.17	)
Diluted loss from continuing operations	$	(0.13	)	$	0.04		$	(0.09	)	$	(0.11	)	$	0.07		$	(0.04	)
Diluted income (loss) from discontinued operations	1.19			(0.04		)	1.15			(0.06		)	(0.07		)	(0.13		)
Diluted	$	1.06		$	—		$	1.06		$	(0.17	)	$	—		$	(0.17	)

Schedule of Balance Sheet Information

HRG Group, Inc. - Consolidating Balance Sheets Information

September 30, 2017	Consumer Products		Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Assets:
Investments in subsidiaries and affiliates	$	—	$	2,631.7		$	—	$	(2,631.7	)	$	—
Cash and cash equivalents	168.2		101.9			—		—			270.1
Receivables, net	569.5		0.3			—		—			569.8
Inventories, net	775.5		—			—		—			775.5
Deferred tax assets	20.2		—			—		—			20.2
Property, plant and equipment, net	699.9		0.8			—		—			700.7
Goodwill	2,626.0		—			—		—			2,626.0
Intangibles, net	2,424.0		—			—		—			2,424.0
Other assets	136.4		0.8			—		—			137.2
Assets of businesses held for sale	—		—			28,326.2		—			28,326.2
Total assets	$	7,419.7	$	2,735.5		$	28,326.2	$	(2,631.7	)	$	35,849.7
Liabilities and Equity:
Debt	$	3,840.7	$	1,793.3		$	—	$	140.1		$	5,774.1
Accounts payable and other current liabilities	1,076.7		38.3			—		0.6			1,115.6
Employee benefit obligations	83.3		4.2			—		—			87.5
Deferred tax liabilities	531.4		—			—		—			531.4
Other liabilities	40.9		2.6			—		—			43.5
Affiliated debt and payables	—		140.7			—		(140.7		)	—
Liabilities of businesses held for sale	—		—			26,350.7		—			26,350.7
Total liabilities	5,573.0		1,979.1			26,350.7		—			33,902.8
Total shareholders’ equity	1,095.4		758.0			1,536.3		(2,631.7		)	758.0
Noncontrolling interests	751.3		(1.6		)	439.2		—			1,188.9
Total shareholders’ equity	1,846.7		756.4			1,975.5		(2,631.7		)	1,946.9
Total liabilities and equity	$	7,419.7	$	2,735.5		$	28,326.2	$	(2,631.7	)	$	35,849.7

September 30, 2016	Consumer Products		Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Assets:
Investment in subsidiaries and affiliates	$	—	$	2,405.3		$	—	$	(2,405.3	)	$	—
Cash and cash equivalents	275.3		189.9			—		—			465.2
Receivables, net	538.2		0.9			—		—			539.1
Inventories, net	740.6		—			—		—			740.6
Deferred tax assets	18.3		—			—		—			18.3
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		34.6			—		—			138.3
Assets of businesses held for sale	—		—			26,284.3		—			26,284.3
Total assets	$	7,069.1	$	2,632.0		$	26,284.3	$	(2,405.3	)	$	33,580.1
Liabilities and Equity:
Debt	$	3,620.2	$	1,747.7		$	—	$	157.9		$	5,525.8
Accounts payable and other current liabilities	931.6		51.6			—		—			983.2
Employee benefit obligations	120.2		5.2			—		—			125.4
Deferred tax liabilities	532.7		13.3			—		—			546.0
Other liabilities	20.4		8.3			—		—			28.7
Affiliated debt and payables	—		171.2			—		(171.2		)	—
Liabilities of businesses held for sale	—		—			24,553.8		—			24,553.8
Total liabilities	5,225.1		1,997.3			24,553.8		(13.3		)	31,762.9
Total shareholders’ equity	1,040.4		638.1			1,351.6		(2,392.0		)	638.1
Noncontrolling interests	803.6		(3.4		)	378.9		—			1,179.1
Total shareholders’ equity	1,844.0		634.7			1,730.5		(2,392.0		)	1,817.2
Total liabilities and equity	$	7,069.1	$	2,632.0		$	26,284.3	$	(2,405.3	)	$	33,580.1

Schedule of Income Statement Information

HRG Group, Inc. - Consolidating Statements of Operations Information

Fiscal 2017	Consumer Products			Corporate and Other			Discontinued Operations		Eliminations and adjustments			Total
Revenues:
Net sales	$	5,007.4		$	—		$	—	$	—		$	5,007.4
Net investment income	—			1.1			—		—			1.1
Total revenues	5,007.4			1.1			—		—			5,008.5
Operating costs and expenses:
Cost of goods sold	3,132.6			—			—		—			3,132.6
Selling, acquisition, operating and general expenses	1,313.4			46.8			—		(0.6		)	1,359.6
Total operating costs and expenses	4,446.0			46.8			—		(0.6		)	4,492.2
Operating income	561.4			(45.7		)	—		0.6			516.3
Equity in net income of subsidiaries	—			297.1			—		(297.1		)	—
Interest expense	(211.1		)	(148.3		)	—		(0.7		)	(360.1		)
Affiliated interest income	—			11.4			—		(11.4		)	—
Other (expense) income, net	(5.7		)	0.7			—		—			(5.0		)
Income (loss) from continuing operations before income taxes	344.6			115.2			—		(308.6		)	151.2
Income tax expense	47.5			9.3			—		(8.5		)	48.3
Net income (loss) from continuing operations	297.1			105.9			—		(300.1		)	102.9
Income (loss) from discontinued operations, net of tax	—			—			170.3		—			170.3
Net income (loss)	297.1			105.9			170.3		(300.1		)	273.2
Less: Net income attributable to noncontrolling interest	123.6			(0.1		)	43.7		—			167.2
Net income (loss) attributable to controlling interest	$	173.5		$	106.0		$	126.6	$	(300.1	)	$	106.0

Fiscal 2016	Consumer Products			Corporate and Other			Discontinued Operations			Eliminations and adjustments			Total
Revenues:
Net sales	$	5,039.7		$	—		$	—		$	—		$	5,039.7
Net investment income	—			8.9			—			—			8.9
Total revenues	5,039.7			8.9			—			—			5,048.6
Operating costs and expenses:
Cost of goods sold	3,119.8			—			—			—			3,119.8
Selling, acquisition, operating and general expenses	1,263.6			91.7			—			—			1,355.3
Total operating costs and expenses	4,383.4			91.7			—			—			4,475.1
Operating income	656.3			(82.8		)	—			—			573.5
Equity in net income of subsidiaries	—			43.0			—			(43.0		)	—
Interest expense	(250.0		)	(144.3		)	—			(8.2		)	(402.5		)
Affiliated interest expense	—			(12.2		)	—			12.2			—
Other (expense) income, net	(8.6		)	11.1			—			2.3			4.8
Income (loss) from continuing operations before income taxes	397.7			(185.2		)	—			(36.7		)	175.8
Income tax expense	40.0			18.9			—			(27.3		)	31.6
Net income (loss) from continuing operations	357.7			(204.1		)	—			(9.4		)	144.2
Income (loss) from discontinued operations, net of tax	—			—			(178.1		)	—			(178.1		)
Net income (loss)	357.7			(204.1		)	(178.1		)	(9.4		)	(33.9		)
Less: Net income attributable to noncontrolling interest	151.1			(5.3		)	19.1			—			164.9
Net income (loss) attributable to controlling interest	$	206.6		$	(198.8	)	$	(197.2	)	$	(9.4	)	$	(198.8	)

Fiscal 2015	Consumer Products			Corporate and Other			Discontinued Operations			Eliminations and adjustments			Total
Revenues:
Net sales	$	4,690.4		$	42.7		$	—		$	—		$	4,733.1
Net investment income	—			20.7			—			—			20.7
Total revenues	4,690.4			63.4			—			—			4,753.8
Operating costs and expenses:
Cost of goods sold	3,020.0			30.9			—			—			3,050.9
Selling, acquisition, operating and general expenses	1,196.3			327.5			—			—			1,523.8
Total operating costs and expenses	4,216.3			358.4			—			—			4,574.7
Operating income	474.1			(295.0		)	—			—			179.1
Equity in net loss of subsidiaries	—			(232.4		)	—			232.4			—
Interest expense	(271.9		)	(125.9		)	—			(10.0		)	(407.8		)
Affiliated interest expense	—			(29.6		)	—			29.6			—
Gain on deconsolidation of subsidiary	—			38.5			—			—			38.5
Other (expense) income, net	(8.9		)	29.8			—			(10.8		)	10.1
Income (loss) from continuing operations before income taxes	193.3			(614.6		)	—			241.2			(180.1		)
Income tax expense	43.9			(17.5		)	—			13.2			39.6
Net income (loss) from continuing operations	149.4			(597.1		)	—			228.0			(219.7		)
Income (loss) from discontinued operations, net of tax	—			—			(292.7		)	—			(292.7		)
Net income (loss)	149.4			(597.1		)	(292.7		)	228.0			(512.4		)
Less: Net income attributable to noncontrolling interest	62.7			(40.3		)	22.0			—			44.4
Net income (loss) attributable to controlling interest	$	86.7		$	(556.8	)	$	(314.7	)	$	228.0		$	(556.8	)