Capitalized Interest (Tables)

9 Months Ended

Jun. 30, 2021

Interest Costs Incurred [Abstract]

Rollforward of capitalized interest

The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the three and nine months ended June 30, 2021 and 2020:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2021		2020		2021		2020
	(In millions)
Capitalized interest, beginning of period	$	218.6	$	200.5	$	207.7	$	180.1
Interest incurred (1)	37.7		38.0		116.0		113.3
Interest charged to cost of sales	(35.4)		(32.8)		(102.8)		(87.7)
Capitalized interest, end of period	$	220.9	$	205.7	$	220.9	$	205.7

__________________

(1)    Interest incurred includes interest on the Company's mortgage repurchase facility of $4.7 million and $13.0 million in the three and nine months ended June 30, 2021, respectively, and $4.3 million and $14.0 million in the same periods of fiscal 2020. Also included in interest incurred is Forestar interest of $10.3 million and $33.3 million in the three and nine months ended June 30, 2021, respectively, and $11.4 million and $29.8 million in the same periods of fiscal 2020.