Capitalized Interest (Tables)

9 Months Ended

Jun. 30, 2022

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, 2022 and 2021:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2022		2021		2022		2021
	(In millions)
Capitalized interest, beginning of period	$	223.3	$	218.6	$	217.7	$	207.7
Interest incurred (1)	40.0		37.7		113.6		116.0
Interest charged to cost of sales	(35.4)		(35.4)		(103.4)		(102.8)
Capitalized interest, end of period	$	227.9	$	220.9	$	227.9	$	220.9

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(1)    Interest incurred includes interest on the Company's mortgage repurchase facility of $4.0 million and $11.0 million in the three and nine months ended June 30, 2022, respectively, and $4.7 million and $13.0 million in the same periods of fiscal 2021. Also included in interest incurred is Forestar interest of $8.1 million and $24.3 million in the three and nine months ended June 30, 2022, respectively, and $10.3 million and $33.3 million in the same periods of fiscal 2021.