Derivative Financial Instruments (Tables)

6 Months Ended

Mar. 31, 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	March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments:
Commodity swap and option agreements	Receivables, net	$	0.1	$	1.0
Commodity swap and option agreements	Other assets	0.1		1.0
Foreign exchange forward agreements	Receivables, net	3.0		1.2
Foreign exchange contracts	Other assets	0.1		—
Total asset derivatives designated as hedging instruments		3.3		3.2
Derivatives not designated as hedging instruments:
Commodity contracts	Derivatives	0.2		—
Call options	Derivatives	262.0		200.7
Futures contracts	Derivatives	0.4		—
Foreign exchange contracts	Receivables, net	0.1		—
Total asset derivatives		$	266.0	$	203.9

Liability Derivatives	Classification	March 31, 2013		September 30, 2012
Derivatives designated as hedging instruments:
Commodity contracts	Accounts payable and other current liabilities	$	0.7	$	—
Commodity contracts	Other liabilities	0.1		—
Foreign exchange forward agreements	Accounts payable and other current liabilities	0.7		3.1
Foreign exchange contracts	Other liabilities	0.1		—
Total liability derivatives designated as hedging instruments		1.6		3.1
Derivatives not designated as hedging instruments:
Commodity contracts	Other liabilities	8.3		—
FIA embedded derivative	Contractholder funds	1,639.6		1,550.8
Futures contracts	Other liabilities	—		0.9
Foreign exchange forward agreements	Accounts payable and other current liabilities	3.2		4.0
Foreign exchange forward agreements	Other liabilities	0.8		2.9
Equity conversion feature of preferred stock	Equity conversion feature of preferred stock	202.7		232.0
Total liability derivatives		$	1,856.2	$	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 six months endedMarch 31, 2013 and April 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
	March 31, 2013			April 1, 2012			March 31, 2013			April 1, 2012
Three months ended
Commodity contracts	$	(2.2	)	$	1.2		$	0.2		$	(0.1	)	Consumer products cost of goods sold
Interest rate contracts	—			—			—			(0.2		)	Interest expense
Foreign exchange contracts	0.1			0.4			0.2			(0.1		)	Net consumer products sales
Foreign exchange contracts	3.6			(4.8		)	(0.4		)	(0.7		)	Consumer products cost of goods sold
Total	$	1.5		$	(3.2	)	$	—		$	(1.1	)
Six months ended
Commodity contracts	$	(2.4	)	$	0.4		$	0.1		$	(0.5	)	Consumer products cost of goods sold
Interest rate contracts	—			—			—			(0.9		)	Interest expense
Foreign exchange contracts	0.6			0.3			0.3			(0.2		)	Net consumer products sales
Foreign exchange contracts	3.2			(3.5		)	(0.9		)	(1.9		)	Consumer products cost of goods sold
Total	$	1.4		$	(2.8	)	$	(0.5	)	$	(3.5	)

Summary of Gain (Loss) Recognized in Income on Derivatives

During the three and six months endedMarch 31, 2013 and April 1, 2012 the Company recognized the following (losses) gains on these derivatives:

Derivatives Not Designated as Hedging Instruments	Gain (Loss) Recognized in Income on Derivatives												Classification
	Three months ended						Six months ended
	March 31, 2013			April 1, 2012			March 31, 2013			April 1, 2012
Equity conversion feature of preferred stock	$	(39.6	)	$	(26.4	)	$	29.3		$	1.5		(Loss) gain from the change in the fair value of the equity conversion feature of preferred stock
Oil and natural gas commodity contracts	(8.8		)	—			(8.8		)	—			Other expense, net
Foreign exchange contracts	1.8			(3.5		)	(2.3		)	3.8			Other expense, net
Call options	118.5			73.4			97.6			93.3			Net investment gains
Futures contracts	13.7			25.6			9.0			40.5			Net investment gains
FIA embedded derivatives	(122.6		)	(41.7		)	(88.8		)	(100.4		)	Benefits and other changes in policy reserves
Total	$	(37.0	)	$	27.4		$	36.0		$	38.7

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 Partnership's oil and natural gas derivative financial instruments as of March 31, 2013:

(in millions, except prices)	Volume Mmbtus/Bbls	Weighted average strike price per Mmbtu/Bbl		Fair value at March 31, 2013
Natural gas:
Swaps:
Remainder of 2013	15.4	$	3.72	$	(6.0	)
2014	10.9	4.14		(1.0		)
Total natural gas	26.2			$	(7.0	)
Oil:
Swaps:
Remainder of 2013	0.3	$	94.05	$	(0.8	)
2014	0.3	91.87		(0.3		)
Total oil	0.6			$	(1.1	)
Total oil and natural gas commodity contract derivatives				$	(8.1	)

Commodity contracts [Member]

Derivative [Line Items]

Summary of Gain (Loss) Recognized in Income on Derivatives

	Three and six months ended
	March 31, 2013
Cash settlements on derivative financial instruments	$	0.6
Non-cash change in fair value of derivative financial instruments	(9.4		)
Loss on oil and natural gas commodity contracts	$	(8.8	)

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:

		March 31, 2013				September 30, 2012
Counterparty	Credit Rating (Moody's/S&P)	Notional Amount		Fair Value		Notional Amount		Fair Value
Bank of America	Baa2/A-	$	1,936.9	$	81.0	$	1,884.0	$	64.1
Morgan Stanley	Baa1/A-	1,938.6		80.3		1,634.7		51.6
Deutsche Bank	A2/A+	1,723.0		69.6		1,816.5		61.7
Royal Bank of Scotland	Baa1/A-	468.0		27.7		353.9		19.6
Barclay's Bank	A2/A+	116.7		3.4		131.3		3.1
Credit Suisse	A2/A	—		—		10.0		0.6
		$	6,183.2	$	262.0	$	5,830.4	$	200.7