Other Assets and Accrued Expenses and Other Liabilities

12 Months Ended

Sep. 30, 2016

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, 2016 and 2015 were as follows:

	September 30,
	2016		2015 (1)
	(In millions)
Insurance receivables	$	88.7	$	126.5
Earnest money and refundable deposits	219.7		136.2
Accounts and notes receivable	35.9		49.2
Prepaid assets	29.5		40.9
Rental properties	56.9		47.1
Debt securities collateralized by residential real estate	—		33.9
Other assets	25.5		21.2
	$	456.2	$	455.0

The Company’s homebuilding accrued expenses and other liabilities at September 30, 2016 and 2015 were as follows:

	September 30,
	2016		2015 (1)
	(In millions)
Reserves for legal claims	$	423.5	$	451.0
Employee compensation and related liabilities	183.3		171.8
Warranty liability	104.4		82.0
Accrued interest	17.9		30.7
Federal and state income tax liabilities	28.1		36.1
Inventory related accruals	31.9		30.0
Homebuyer deposits	54.2		58.9
Accrued property taxes	35.2		32.0
Other liabilities	38.6		34.9
	$	917.1	$	927.4

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(1) As described in Note A, the assets and liabilities of certain subsidiaries were reclassified from the Company’s homebuilding section of its balance sheet to the financial services and other section of its balance sheet during fiscal 2016. The prior year amounts have been reclassified to conform to the current year presentation.