Other Assets and Accrued Expenses and Other Liabilities

12 Months Ended

Sep. 30, 2015

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 September 30, 2015 and 2014 were as follows:

	September 30,
	2015		2014
	(In millions)
Insurance receivables	$	126.5	$	138.4
Earnest money and refundable deposits	137.2		113.3
Accounts and notes receivable	49.2		38.6
Prepaid assets	40.9		38.3
Rental properties	47.1		48.7
Debt securities collateralized by residential real estate	33.9		20.8
Other assets	21.4		25.9
	$	456.2	$	424.0

The prepaid assets balances above reflect the Company's adoption of ASU 2015-03, as described in Note A. Debt issuance costs that were reclassified from prepaid assets to reduce the carrying amounts of the senior notes totaled $17.3 million and $17.1 million at September 30, 2015 and 2014, respectively.

The Company’s homebuilding accrued expenses and other liabilities at September 30, 2015 and 2014 were as follows:

	September 30,
	2015		2014
	(In millions)
Reserves for legal claims	$	451.0	$	456.9
Employee compensation and related liabilities	172.7		150.8
Warranty liability	82.0		65.7
Accrued interest	30.7		29.1
Federal and state income tax liabilities	36.1		12.8
Inventory related accruals	30.0		36.1
Homebuyer deposits	58.9		49.5
Accrued property taxes	32.0		29.1
Other liabilities	35.8		45.0
	$	929.2	$	875.0