Property, Plant, and Equipment

12 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

NOTE F – PROPERTY AND EQUIPMENT

The Company’s property and equipment balances and the related accumulated depreciation at September 30, 2022 and 2021 are summarized below.

	September 30,
	2022		2021
	(In millions)
Homebuilding
Buildings and improvements	$	349.6	$	299.5
Model home furniture	133.4		134.1
Office furniture and equipment	132.5		113.7
Land	35.5		32.6
Accumulated depreciation	(289.2)		(276.6)
Total homebuilding	361.8		303.3
Other Businesses
Energy-related assets	106.2		79.0
Office furniture and equipment	16.2		15.9
Land	16.1		16.1
Accumulated depreciation	(40.7)		(28.4)
Total other businesses	97.8		82.6
Forestar, net	5.7		2.9
Financial services, net	4.3		3.5
Rental, net	2.0		0.6
Property and equipment, net	$	471.6	$	392.9

Depreciation expense was $72.0 million, $73.3 million and $69.4 million in fiscal 2022, 2021 and 2020, respectively.