Other Assets and Accrued Expenses and Other Liabilities

6 Months Ended

Mar. 31, 2014

Other Assets and Accrued Expenses and Other Liabilities [Abstract]

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES

The Company’s homebuilding other assets at March 31, 2014 and September 30, 2013 were as follows:

	March 31, 2014		September 30, 2013
	(In millions)
Insurance receivables	$	136.1	$	162.1
Earnest money and refundable deposits	100.5		98.5
Accounts and notes receivable	23.8		24.1
Prepaid assets	45.5		49.4
Rental properties	45.8		41.3
Debt securities collateralized by residential real estate	20.8		20.3
Other assets	55.3		64.8
	$	427.8	$	460.5

The Company’s homebuilding accrued expenses and other liabilities at March 31, 2014 and September 30, 2013 were as follows:

	March 31, 2014		September 30, 2013
	(In millions)
Reserves for legal claims	$	454.2	$	482.0
Employee compensation and related liabilities	125.5		130.2
Warranty liability	57.3		56.9
Accrued interest	33.4		34.0
Federal and state income tax liabilities	20.2		29.9
Inventory related accruals	37.9		46.3
Homebuyer deposits	43.4		39.3
Accrued property taxes	16.3		30.0
Other liabilities	34.4		37.4
	$	822.6	$	886.0