Segment Information (Tables)

12 Months Ended

Sep. 30, 2011


	Year Ended September 30,
	2011			2010			2009
				(In millions)

Revenues
Homebuilding revenues:
East	$	438.5		$	492.3		$	347.1
Midwest		261.5			331.0			314.5
Southeast		696.8			747.6			570.8
South Central		1,081.0			1,383.5			1,024.6
Southwest		234.8			329.7			382.4
West		837.0			1,025.6			964.5

Total homebuilding revenues		3,549.6			4,309.7			3,603.9
Financial services revenues		87.2			90.5			53.7

Consolidated revenues	$	3,636.8		$	4,400.2		$	3,657.6

Inventory Impairments
East	$	3.5		$	9.0		$	54.3
Midwest		0.1			21.9			46.3
Southeast		15.8			17.0			36.7
South Central		0.2			13.3			17.0
Southwest		4.4			0.6			36.5
West		13.3			0.5			187.0

Total inventory impairments	$	37.3		$	62.3		$	377.8

Income (Loss) Before Income Taxes(1)
Homebuilding income (loss) before income taxes:
East	$	(13.5	)	$	(6.3	)	$	(95.9	)
Midwest		(13.7	)		(31.3	)		(104.9	)
Southeast		(19.9	)		(7.5	)		(73.2	)
South Central		52.4			83.4			4.9
Southwest		(3.8	)		12.0			(45.8	)
West		(8.5	)		27.8			(226.4	)

Total homebuilding income (loss) before income taxes		(7.0	)		78.1			(541.3	)
Financial services income (loss) before income taxes		19.1			21.4			(15.5	)

Consolidated income (loss) before income taxes	$	12.1		$	99.5		$	(556.8	)


(1)		Expenses maintained at the corporate level consist primarily of interest and property taxes, which are capitalized and amortized to cost of sales or expensed directly, and the expenses related to operating the Company’s corporate office. The amortization of capitalized interest and property taxes is allocated to each segment based on the segment’s revenue, while interest expense and those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.


	September 30,
	2011		2010
	(In millions)

Homebuilding Inventories (1):
East	$	497.3	$	511.5
Midwest		268.5		297.3
Southeast		692.9		656.4
South Central		768.5		760.1
Southwest		193.6		218.7
West		938.4		898.8
Corporate and unallocated (2)		90.5		106.2

Total homebuilding inventory	$	3,449.7	$	3,449.0


(1)		Homebuilding inventories are the only assets included in the measure of segment assets used by the Company’s chief operating decision maker, its CEO.

(2)		Corporate and unallocated consists primarily of capitalized interest and property taxes.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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