Segment Information (Tables)

3 Months Ended

Dec. 31, 2014

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

The accounting policies of the reporting segments are described throughout Note A included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2014. Financial information relating to the Company's reporting segments is as follows:



	Three Months Ended December 31,
	2014		2013
	(In millions)
Revenues
Homebuilding revenues:
East	$	298.7	$	190.1
Midwest	130.0		105.8
Southeast	619.4		447.3
South Central	579.7		421.1
Southwest	75.4		70.7
West	549.8		400.6
Homebuilding revenues	2,253.0		1,635.6
Financial services revenues	49.6		35.0
Total revenues	$	2,302.6	$	1,670.6
Inventory Impairments
East	$	—	$	—
Midwest	—		—
Southeast	—		—
South Central	—		—
Southwest	—		—
West	3.8		—
Total inventory impairments	$	3.8	$	—
Income Before Income Taxes (1)
Homebuilding pre-tax income:
East	$	26.3	$	11.5
Midwest	4.8		10.0
Southeast	58.0		51.5
South Central	61.2		42.4
Southwest	1.9		6.0
West	53.9		60.5
Homebuilding pre-tax income	206.1		181.9
Financial services pre-tax income	14.6		7.8
Income before income taxes	$	220.7	$	189.7

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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.



	December 31, 2014		September 30, 2014
	(In millions)
Homebuilding Inventories (1)
East	$	868.8	$	842.7
Midwest	501.9		477.6
Southeast	2,026.4		1,943.0
South Central	1,873.6		1,742.5
Southwest	291.6		292.9
West	2,183.7		2,169.4
Corporate and unallocated (2)	243.3		232.4
Total homebuilding inventory	$	7,989.3	$	7,700.5

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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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