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Capitalized Interest (Tables)
3 Months Ended
Jun. 30, 2013
Interest Costs Incurred [Abstract]  
Rollforward of capitalized interest
The following table summarizes the Company’s interest costs incurred, capitalized, expensed as interest expense and charged to cost of sales during the three and nine months ended June 30, 2013 and 2012:

 
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
(In millions)
Capitalized interest, beginning of period
 
$
103.8

 
$
81.1

 
$
82.3

 
$
79.2

Interest incurred (1)
 
44.4

 
31.8

 
125.5

 
89.6

Interest expensed:
 
 
 
 
 
 
 
 
Directly to interest expense
 

 
(6.9
)
 
(7.1
)
 
(21.1
)
Amortized to cost of sales
 
(28.6
)
 
(24.8
)
 
(81.1
)
 
(66.5
)
Capitalized interest, end of period
 
$
119.6

 
$
81.2

 
$
119.6

 
$
81.2



(1)
Interest incurred includes interest incurred on the Company's financial services mortgage repurchase facility of $1.4 million and $3.4 million in the three and nine months ended June 30, 2013, respectively, and $0.6 million and $2.4 million in the same periods of 2012.