Segment Information (Tables)

6 Months Ended

Mar. 31, 2014

Schedule of Segment Reporting Information, by Segment [Table Text Block]



	Three Months Ended March 31,				Six Months Ended March 31,
	2014		2013		2014		2013
	(In millions)
Revenues
Homebuilding revenues:
East	$	203.2	$	153.8	$	393.3	$	291.1
Midwest	99.9		92.8		205.7		182.2
Southeast	471.3		333.2		918.7		624.7
South Central	430.4		364.0		851.5		674.6
Southwest	63.1		79.0		133.8		154.9
West	428.7		367.6		829.3		696.0
Homebuilding revenues	1,696.6		1,390.4		3,332.3		2,623.5
Financial services revenues	38.4		41.2		73.3		83.0
Total revenues	$	1,735.0	$	1,431.6	$	3,405.6	$	2,706.5
Income Before Income Taxes (1)
Homebuilding pre-tax income:
East	$	14.2	$	8.5	$	25.7	$	15.5
Midwest	9.1		9.9		19.1		7.9
Southeast	52.2		28.3		103.7		47.7
South Central	46.6		32.4		89.0		57.6
Southwest	5.5		7.1		11.5		16.9
West	64.1		41.2		124.6		72.0
Homebuilding pre-tax income	191.7		127.4		373.6		217.6
Financial services pre-tax income	10.2		14.7		18.0		32.4
Income before income taxes	$	201.9	$	142.1	$	391.6	$	250.0

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(1)

Expenses maintained at the corporate level consist primarily of interest and property taxes, which are capitalized and amortized to cost of sales or expensed directly, and the expenses related to operating the Company’s corporate office. The amortization of capitalized interest and property taxes is allocated to each segment based on the segment’s revenue, while those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.



	March 31, 2014		September 30, 2013
	(In millions)
Homebuilding Inventories (1)
East	$	763.3	$	742.9
Midwest	447.8		412.2
Southeast	1,643.1		1,508.5
South Central	1,527.8		1,443.6
Southwest	269.9		262.4
West	1,920.3		1,668.2
Corporate and unallocated (2)	211.4		159.6
Total homebuilding inventory	$	6,783.6	$	6,197.4

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(1)	Homebuilding inventories are the only assets included in the measure of homebuilding segment assets used by the Company’s chief operating decision makers.


(2)	Corporate and unallocated consists primarily of capitalized interest and property taxes.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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