Capitalized Interest (Tables)

3 Months Ended

Dec. 31, 2017

Interest Costs Incurred [Abstract]

Rollforward of capitalized interest

The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the three months ended December 31, 2017 and 2016:

	Three Months Ended   December 31,
	2017			2016
	(In millions)
Capitalized interest, beginning of period	$	167.9		$	191.2
Interest incurred (1)	31.0			33.5
Interest charged to cost of sales	(28.6		)	(34.7		)
Capitalized interest, end of period	$	170.3		$	190.0

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(1) Interest incurred includes interest on the Company's mortgage repurchase facility of $2.1 million and $1.7 million in the three months ended December 31, 2017 and 2016, respectively, and interest incurred by Forestar of $0.1 million from the acquisition date through December 31, 2017.