Derivative Financial Instruments Derivative Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2016

Derivative [Line Items]

Schedule of Derivative Instruments [Table Text Block]

Spectrum Brands had the following commodity swap contracts outstanding as of September 30, 2016 and 2015:

	September 30, 2016			September 30, 2015
	Notional	Contract Value		Notional	Contract Value
Zinc swap contracts (tons)	6.7	$	12.8	10.8	$	22.2
Brass swap contracts (tons)	1.0	4.0		1.8	8.5

Spectrum Brands’ interest rate swap derivative financial instruments at September 30, 2016 and 2015 were as follows:

	September 30, 2016			September 30, 2015
	Notional		Remaining Years	Notional		Remaining Years
Interest rate swaps - fixed	$	300.0	0.5	$	300.0	1.5

Spectrum Brands had the following commodity swaps outstanding as of September 30, 2016 and 2015:

	September 30, 2016			September 30, 2015
	Notional	Contract Value		Notional	Contract Value
Silver (troy oz.)	31	$	0.6	25	$	0.4

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of outstanding derivatives recorded in the accompanyingConsolidated Balance Sheets were as follows:

		September 30,
Asset Derivatives	Classification	2016		2015
Derivatives designated as hedging instruments:
Foreign exchange contracts	Receivables, net	$	5.5	$	5.2
Commodity swaps	Receivables, net	2.9		—
Foreign exchange contracts	Other assets	0.1		0.4
Total asset derivatives designated as hedging instruments		8.5		5.6
Derivatives not designated as hedging instruments:
Call option receivable from FGL	Funds withheld receivables	11.3		5.4
Call options	Other assets	5.9		1.0
Foreign exchange contracts	Receivables, net	0.2		0.4
Total asset derivatives		$	25.9	$	12.4

		September 30,
Liability Derivatives	Classification	2016		2015
Derivatives designated as hedging instruments:
Interest rate swaps	Accounts payable and other current liabilities	$	0.7	$	1.4
Interest rate swaps	Other liabilities	0.4		1.2
Commodity swaps	Accounts payable and other current liabilities	0.1		4.7
Commodity swaps	Other liabilities	—		0.8
Foreign exchange contracts	Accounts payable and other current liabilities	1.7		1.5
Foreign exchange contracts	Other liabilities	0.1		—
Total liability derivatives designated as hedging instruments		3.0		9.6
Derivatives not designated as hedging instruments:
Embedded derivatives in Front Street's assumed FIA business	Insurance reserves	131.2		142.3
Foreign exchange contracts	Accounts payable and other current liabilities	0.2		0.1
Foreign exchange contracts	Other liabilities	—		11.0
Commodity contracts	Accounts payable and other current liabilities	—		0.1
Total liability derivatives		$	134.4	$	163.1

Summary of Gain (Loss) Recognized in Income on Derivatives

During Fiscal 2016, 2015 and 2014, the Company recognized the following gains and losses on its derivatives:

		Fiscal
Classification	Derivatives Not Designated as Hedging Instruments	2016		2015			2014
Revenues:
Net investment gains (losses)	Call options	$	3.8	$	(7.6	)	$	25.7
Operating costs and expenses:
Cost of consumer products and other goods sold	Commodity swaps	$	—	$	(0.1	)	$	(1.0	)
Benefits and other changes in policy reserves	Embedded derivatives in Front Street's assumed FIA business	11.1		8.5			(10.3		)
Other income (expense), net	Foreign exchange contracts	5.5		(13.5		)	3.1