Capitalized Interest (Tables)

12 Months Ended

Sep. 30, 2024

Interest Costs Incurred [Abstract]

Interest costs incurred, capitalized and expensed

The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the years ended September 30, 2024, 2023 and 2022.

	Year Ended September 30,
	2024		2023		2022
	(In millions)
Capitalized interest, beginning of year	$	286.4	$	237.4	$	217.7
Interest incurred (1)	203.7		203.5		162.5
Interest charged to cost of sales	(135.0)		(154.5)		(142.8)
Capitalized interest, end of year	$	355.1	$	286.4	$	237.4

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(1)Interest incurred in fiscal 2024, 2023 and 2022 includes interest on the Company's mortgage repurchase facilities of $58.6 million, $45.9 million and $18.9 million, respectively, and Forestar interest of $32.7 million, $32.8 million and $32.9 million, respectively. Interest incurred in fiscal 2024 and 2023 also includes interest on the rental revolving credit facility of $61.9 million and $56.0 million, respectively.