Consolidating Financial Information Consolidating Financial Information (Tables)

6 Months Ended

Mar. 31, 2018

Consolidating Financial Information [Abstract]

Schedule of Balance Sheet Information

HRG Group, Inc. - Consolidating Balance Sheets Information

March 31, 2018	Consumer Products		Corporate and Other and Eliminations			Total
Assets:
Current assets:
Cash and cash equivalents	$	135.2	$	623.6		$	758.8
Trade receivables, net	337.6		—			337.6
Other receivables, net	24.6		37.6			62.2
Inventories, net	610.5		—			610.5
Prepaid expenses and other current assets	58.7		1.5			60.2
Current assets of businesses held for sale	1,976.0		—			1,976.0
Total current assets	3,142.6		662.7			3,805.3
Property, plant and equipment, net	503.9		0.6			504.5
Goodwill	2,280.2		—			2,280.2
Intangibles, net	1,589.5		—			1,589.5
Deferred charges and other assets	60.6		0.2			60.8
Total assets	$	7,576.8	$	663.5		$	8,240.3
Liabilities and Equity:
Current liabilities:
Current portion of long-term debt	$	20.3	$	50.0		$	70.3
Accounts payable	359.6		1.1			360.7
Accrued wages and salaries	33.6		7.7			41.3
Accrued interest	47.5		15.1			62.6
Other current liabilities	119.6		9.4			129.0
Current liabilities of businesses held for sale	558.6		—			558.6
Total current liabilities	1,139.2		83.3			1,222.5
Long-term debt, net of current portion	4,314.4		934.0			5,248.4
Employee benefit obligations	33.1		5.7			38.8
Deferred tax liabilities	285.8		—			285.8
Other long-term liabilities	98.8		2.3			101.1
Total liabilities	5,871.3		1,025.3			6,896.6
Total shareholders’ equity	1,051.7		(360.1		)	691.6
Noncontrolling interests	653.8		(1.7		)	652.1
Total shareholders’ equity	1,705.5		(361.8		)	1,343.7
Total liabilities and equity	$	7,576.8	$	663.5		$	8,240.3

September 30, 2017	Consumer Products		Corporate and Other and Eliminations			Insurance Segment Discontinued Operations		Total
Assets:
Current assets:
Cash and cash equivalents	$	168.2	$	101.9		$	—	$	270.1
Trade receivables, net	266.0		—			—		266.0
Other receivables, net	19.4		0.3			—		19.7
Inventories, net	496.3		—			—		496.3
Prepaid expenses and other current assets	54.2		0.6			—		54.8
Current assets of businesses held for sale	603.0		—			28,326.2		28,929.2
Total current assets	1,607.1		102.8			28,326.2		30,036.1
Property, plant and equipment, net	503.1		0.8			—		503.9
Goodwill	2,277.1		—			—		2,277.1
Intangibles, net	1,612.0		—			—		1,612.0
Deferred charges and other assets	43.5		0.2			—		43.7
Noncurrent assets of businesses held for sale	1,376.9		—			—		1,376.9
Total assets	$	7,419.7	$	103.8		$	28,326.2	$	35,849.7
Liabilities and Equity:
Current liabilities:
Current portion of long-term debt	$	19.4	$	142.0		$	—	$	161.4
Accounts payable	371.6		1.5			—		373.1
Accrued wages and salaries	49.9		5.5			—		55.4
Accrued interest	48.5		29.5			—		78.0
Other current liabilities	123.4		2.4			—		125.8
Current liabilities of businesses held for sale	500.6		—			26,350.7		26,851.3
Total current liabilities	1,113.4		180.9			26,350.7		27,645.0
Long-term debt, net of current portion	3,752.3		1,791.4			—		5,543.7
Employee benefit obligations	34.4		4.2			—		38.6
Deferred tax liabilities	493.2		—			—		493.2
Other long-term liabilities	23.6		2.6			—		26.2
Noncurrent liabilities of businesses held for sale	156.1		—			—		156.1
Total liabilities	5,573.0		1,979.1			26,350.7		33,902.8
Total shareholders’ equity	1,095.4		(1,873.7		)	1,536.3		758.0
Noncontrolling interests	751.3		(1.6		)	439.2		1,188.9
Total shareholders’ equity	1,846.7		(1,875.3		)	1,975.5		1,946.9
Total liabilities and equity	$	7,419.7	$	103.8		$	28,326.2	$	35,849.7

Schedule of Income Statement Information

HRG Group, Inc. - Consolidating Statements of Operations Information

Six months ended March 31, 2018	Consumer Products			Corporate and Other and eliminations			Insurance Segment Discontinued Operations		Total
Revenues:
Net sales	$	1,412.6		$	—		$	—	$	1,412.6
Operating costs and expenses:
Cost of goods sold	898.6			—			—		898.6
Selling, acquisition, operating and general expenses	436.9			21.6			—		458.5
Total operating costs and expenses	1,335.5			21.6			—		1,357.1
Operating income	77.1			(21.6		)	—		55.5
Interest expense	(80.6		)	(62.5		)	—		(143.1		)
Other income (expense), net	(2.7		)	3.9			—		1.2
(Loss) income from continuing operations before income taxes	(6.2		)	(80.2		)	—		(86.4		)
Income tax (benefit) expense	(127.2		)	—			—		(127.2		)
Net (loss) income from continuing operations	121.0			(80.2		)	—		40.8
Income (loss) from discontinued operations, net of tax	41.6			—			459.9		501.5
Net (loss) income	162.6			(80.2		)	459.9		542.3
Less: Net income attributable to noncontrolling interest	66.6			—			5.4		72.0
Net (loss) income attributable to controlling interest	$	96.0		$	(80.2	)	$	454.5	$	470.3

Six months ended March 31, 2017	Consumer Products			Corporate and Other and eliminations			Insurance Segment Discontinued Operations		Total
Revenues:
Net sales	$	1,358.7		$	—		$	—	$	1,358.7
Net investment income	—			1.0			—		1.0
Total revenues	1,358.7			1.0			—		1,359.7
Operating costs and expenses:
Cost of goods sold	807.7			—			—		807.7
Selling, acquisition, operating and general expenses	384.7			30.7			—		415.4
Total operating costs and expenses	1,192.4			30.7			—		1,223.1
Operating income	166.3			(29.7		)	—		136.6
Interest expense	(81.9		)	(74.5		)	—		(156.4		)
Other income (expense), net	(0.9		)	0.5			—		(0.4		)
(Loss) income from continuing operations before income taxes	83.5			(103.7		)	—		(20.2		)
Income tax (benefit) expense	31.1			(1.5		)	—		29.6
Net (loss) income from continuing operations	52.4			(102.2		)	—		(49.8		)
Income (loss) from discontinued operations, net of tax	71.5			—			187.7		259.2
Net (loss) income	123.9			(102.2		)	187.7		209.4
Less: Net income attributable to noncontrolling interest	51.9			(0.1		)	27.5		79.3
Net (loss) income attributable to controlling interest	$	72.0		$	(102.1	)	$	160.2	$	130.1