CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2020	Sep. 30, 2019
ASSETS
Cash and cash equivalents	$ 394.3	$ 382.8
Real estate	1,309.7	1,028.9
Investment in unconsolidated ventures	3.6	7.3
Income taxes receivable	6.3	3.2
Property and equipment, net	1.1	2.4
Deferred tax asset, net	0.0	17.4
Other assets	24.9	13.7
Total assets	1,739.9	1,455.7
LIABILITIES
Accounts payable	29.2	16.8
Earnest money on sales contracts	98.3	89.9
Deferred tax liability, net	5.7	0.0
Accrued expenses and other liabilities	93.8	79.6
Debt	641.1	460.5
Total liabilities	868.1	646.8
Commitments and Contingencies
Forestar Group Inc. shareholders’ equity:
Common stock, par value $1.00 per share, 200,000,000 authorized shares,  48,061,921 and 47,997,366 shares issued and outstanding  at September 30, 2020 and 2019, respectively	$ 48.1	$ 48.0
Common stock, par value (in usd per share)	$ 1.00	$ 1.00
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	48,061,921	47,997,366
Additional paid-in capital	$ 603.9	$ 602.2
Retained earnings	218.9	158.1
Stockholders' equity	870.9	808.3
Noncontrolling interests	0.9	0.6
Total equity	871.8	808.9
Total liabilities and equity	$ 1,739.9	$ 1,455.7

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.