Basis of Presentation Basis of Presentation (Tables)

3 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price was allocated based on the preliminary estimated fair value of 100% of Forestar’s assets and liabilities, as follows (in millions):

Cash	$	401.9
Inventories	344.7
Investment in unconsolidated entities	99.2
Other assets	51.2
Goodwill	20.0
Total assets	917.0
Accounts payable	4.0
Accrued expenses and other liabilities	49.4
Notes payable	130.1
Total liabilities	183.5
Less: Noncontrolling interests	175.2
Net assets acquired	$	558.3

Business Acquisition, Pro Forma Information

The following unaudited pro forma data presents consolidated pro forma information as if the acquisition had been completed on October 1, 2016. The unaudited pro forma results include adjustments for interest expense and other acquisition related costs and their related income tax effects. This pro forma data should not be considered indicative of the results that would have actually occurred if the acquisition had been consummated on October 1, 2016, or of future results.

	Three Months Ended   December 31,
	2017		2016
	(In millions)
Revenues	$	3,332.7	$	2,968.7
Net income attributable to D.R. Horton, Inc.	$	192.7	$	237.6
Diluted net income per common share attributable to D.R. Horton, Inc.	$	0.50	$	0.63