Notes Payable (Tables)

6 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of notes payable at principal amounts, net of unamortized discounts

The Company’s notes payable at their carrying amounts consist of the following:

	March 31, 2020		September 30, 2019
	(In millions)
Homebuilding:
Unsecured:
Revolving credit facility	$	500.0	$	—
4.0% senior notes due 2020 (1)	—		499.6
2.55% senior notes due 2020 (1)	399.4		398.9
4.375% senior notes due 2022 (1)	349.0		348.8
4.75% senior notes due 2023 (1)	299.1		298.9
5.75% senior notes due 2023 (1)	398.5		398.4
2.5% senior notes due 2024 (1)	496.0		—
Other secured notes	38.0		103.0
	2,480.0		2,047.6
Forestar:
Unsecured:
Revolving credit facility	—		—
3.75% convertible senior notes due 2020 (2)	—		119.1
8.0% senior notes due 2024 (3)	344.5		343.8
5.0% senior notes due 2028 (3)	295.6		—
	640.1		462.9
Financial Services:
Mortgage repurchase facility	1,186.5		888.9
	$	4,306.6	$	3,399.4

_____________________

(1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $7.7 million and $5.4 million at March 31, 2020 and September 30, 2019, respectively.

(2)Forestar’s 3.75% convertible senior notes due March 2020 included an unamortized fair value adjustment of $2.4 million at September 30, 2019.

(3)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $9.9 million and $6.2 million at March 31, 2020 and September 30, 2019, respectively.