Revenue (Notes)

12 Months Ended

Sep. 30, 2022

Revenues [Abstract]

Revenue from Contract with Customer [Text Block]

Revenues

Revenues consist of:

	Year Ended September 30,
	2022		2021		2020
	(In millions)
Residential lot sales	$	1,455.5	$	1,293.1	$	880.3
Deferred development lot sales	26.8		—		—
Tract sales and other	36.8		32.7		51.5
	$	1,519.1	$	1,325.8	$	931.8

During fiscal 2022, deferred development lot sales included 854 undeveloped and partially developed lots that were sold to customers other than D.R. Horton for a total transaction price of $64.1 million. As part of these transactions, the Company is obligated to complete the development of these lots. During fiscal 2022, the Company received $38.8 million in cash related to deferred development transactions with the remainder of the transaction price due as development of the lots is completed. During fiscal 2022, the Company recognized revenue of $26.8 million related to deferred development transactions. The remaining revenue will be recognized over time as the Company’s development obligations are completed.

Total revenue from D.R. Horton was $1.2 billion in both fiscal 2022 and 2021 and $887.6 million in fiscal 2020.