Harbinger Group Inc.
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SEC Filings

10-K
HRG GROUP, INC. filed this Form 10-K on 11/23/2016
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NOTE 17 - ACCUMULATED OTHER COMPREHENSIVE INCOME
The changes in the components of accumulated other comprehensive income (loss), net of taxes, was as follows:
 
 
Foreign
 
 
 
Employee
 
 
 
 
Currency
 
Hedging
 
Benefit
 
 
(in millions)
 
Translation
 
Activity
 
Plans
 
Total
Year Ended September 30, 2014
 
 
 
 
 
 
 
 
Accumulated other comprehensive loss, as of September 30, 2013
 
$
(7.0
)
 
$
(2.3
)
 
$
(29.2
)
 
$
(38.5
)
Other comprehensive (loss) income before reclassification
 
(32.6
)
 
13.1

 
(6.6
)
 
(26.1
)
Amounts reclassified from accumulated other comprehensive (loss) income
 
—

 
2.6

 
1.4

 
4.0

Other comprehensive (loss) income
 
(32.6
)
 
$
15.7

 
$
(5.2
)
 
(22.1
)
Deferred tax effect
 
—

 
(4.2
)
 
2.9

 
(1.3
)
Deferred tax valuation allowance
 
—

 
—

 
(1.3
)
 
(1.3
)
Other comprehensive (loss) income, net of tax
 
(32.6
)
 
11.5

 
(3.6
)
 
(24.7
)
Other comprehensive loss attributable to non-controlling interest
 
(0.1
)
 
—

 
—

 
(0.1
)
Other comprehensive (loss) income attributable to controlling interest
 
(32.5
)
 
11.5

 
(3.6
)
 
(24.6
)
Accumulated other comprehensive (loss) income, as of September 30, 2014
 
(39.5
)
 
$
9.2

 
$
(32.8
)
 
(63.1
)
Year Ended September 30, 2015
 
 
 
 
 
 
 
 
Other comprehensive (loss) income before reclassification
 
(113.0
)
 
11.3

 
(12.9
)
 
(114.6
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
(27.5
)
 
1.4

 
(26.1
)
Other comprehensive loss
 
(113.0
)
 
(16.2
)
 
(11.5
)
 
(140.7
)
Deferred tax effect
 
—

 
5.2

 
3.9

 
9.1

Deferred tax valuation allowance
 
—

 
(2.2
)
 
(3.4
)
 
(5.6
)
Other comprehensive loss, net of tax
 
(113.0
)
 
(13.2
)
 
(11.0
)
 
(137.2
)
Other comprehensive loss attributable to non-controlling interest
 
(0.2
)
 
—

 
—

 
(0.2
)
Other comprehensive loss attributable to controlling interest
 
(112.8
)
 
(13.2
)
 
(11.0
)
 
(137.0
)
Accumulated other comprehensive loss, as of September 30, 2015
 
(152.3
)
 
(4.0
)
 
(43.8
)
 
(200.1
)
Year Ended September 30, 2016
 
 
 
 
 
 
 
 
Other comprehensive (loss) income before reclassification
 
(6.2
)
 
11.1

 
(41.4
)
 
(36.5
)
Amounts reclassified from accumulated other comprehensive income (loss)
 
—

 
(1.1
)
 
2.4

 
1.3

Other comprehensive (loss) income
 
(6.2
)
 
10.0

 
(39.0
)
 
(35.2
)
Deferred tax effect
 
(2.3
)
 
(2.8
)
 
10.9

 
5.8

Deferred tax valuation allowance
 
—

 
(0.1
)
 
(0.1
)
 
(0.2
)
Other comprehensive (loss) income, net of tax
 
(8.5
)
 
7.1

 
(28.2
)
 
(29.6
)
Other comprehensive loss attributable to non-controlling interest
 
(0.3
)
 
—

 
—

 
(0.3
)
Other comprehensive (loss) income attributable to controlling interest
 
(8.2
)
 
7.1

 
(28.2
)
 
(29.3
)
Accumulated other comprehensive (loss) income, as of September 30, 2016
 
$
(160.5
)
 
$
3.1

 
$
(72.0
)
 
$
(229.4
)
See Note 12, “Derivatives” for further detail on the Company’s derivative hedging activity. See Note 13, “Employee Benefit Plans” for further detail over the Company’s defined benefit plans.
NOTE 18 - COMMITMENTS AND CONTINGENCIES    
The Company is a defendant in various litigation matters generally arising out of the ordinary course of business. The Company does not believe that any of the matters or proceedings presently pending will have a material adverse effect on its results of operations, financial condition, liquidity or cash flows.
The Company has provided for the estimated costs of $4.4 million, as of September 30, 2016 and 2015, associated with environmental remediation activities at some of its current and former manufacturing sites. The Company believes that any additional liability in excess of the amounts provided that may result from resolution of these matters, will not have a material adverse effect on the consolidated financial condition, results of operations or cash flows of the Company.
NOTE 19 - SEGMENT INFORMATION
The Company identifies its segments based upon the internal organization that is used by management for making operating decisions and assessing performance as the source of the Company’s reportable segments. The Company manufactures, markets and/or distributes multiple product lines through various distribution networks, and in multiple geographic regions. The Company manages its business in five vertically integrated, product-focused reporting segments: (i) Global Batteries & Appliances, which consists of the Company’s worldwide battery, electric personal care and small appliances businesses; (ii) Hardware & Home Improvement, which consists of the Company’s worldwide hardware, home improvement and plumbing businesses; (iii) Global Pet Supplies, which consists of the Company’s

S-46
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