Investment in Unconsolidated Entities (Tables)

9 Months Ended

Jun. 30, 2018

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Condensed Financial Information of Company's Unconsolidated Entities

Summarized condensed financial information on a combined 100% basis related to the Company’s unconsolidated entities is as follows:

Balance Sheet

	June 30, 2018
	(In millions)
Assets:
Cash and cash equivalents	$	5.8
Real estate	88.0
Other assets	1.0
Total assets	$	94.8
Liabilities and Equity:
Accounts payable and other liabilities	$	2.0
Debt	45.6
Equity	47.2
Total liabilities and equity	$	94.8

Statement of Operations

	Three Months Ended   June 30, 2018		Nine Months Ended   June 30, 2018
	(In millions)
Revenues	$	2.8	$	14.9
Net earnings of unconsolidated entities (1)	$	2.7	$	24.4
D.R. Horton’s equity in earnings of unconsolidated entities (1)	$	0.4	$	3.1

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(1) Earnings in the nine month period included $19.0 million related to the gain on sale of a multi-family joint venture project in Nashville, Tennessee. D.R. Horton’s equity in earnings of unconsolidated entities of $0.4 million and $3.1 million in the three and nine months ended June 30, 2018, respectively, is after consideration of purchase accounting adjustments. Forestar’s equity in earnings of unconsolidated entities for the three months ended June 30, 2018 was $1.0 million and for the period from acquisition through June 30, 2018 was $10.1 million.