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Segment Information (Tables)

6 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The accounting policies of the reporting segments are described throughout Note A included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2015. Financial information relating to the Company’s reporting segments is as follows:

		Three Months Ended   March 31,								Six Months Ended   March 31,
		2016				2015				2016				2015
		(In millions)
Revenues
Homebuilding revenues:
East		$	309.0			$	280.7			$	607.2			$	579.5
Midwest		162.1				145.0				285.4				274.9
Southeast		812.0				646.1				1,523.6				1,265.5
South Central		694.7				628.2				1,307.2				1,207.9
Southwest		79.9				70.9				153.8				146.3
West		643.3				567.6				1,184.9				1,117.4
Homebuilding revenues		2,701.0				2,338.5				5,062.1				4,591.5
Financial services revenues		66.9				59.5				122.2				109.2
Total revenues		$	2,767.9			$	2,398.0			$	5,184.3			$	4,700.7
Inventory Impairments
East		$	3.2			$	—			$	3.2			$	—
Midwest		—				—				—				—
Southeast		—				7.3				0.2				7.3
South Central		—				0.7				—				0.7
Southwest		—				—				—				—
West		—				0.1				0.3				4.0
Total inventory impairments		$	3.2			$	8.1			$	3.7			$	12.0
Income Before Income Taxes (1)
Homebuilding pre-tax income:
East		$	22.8			$	13.0			$	50.5			$	39.4
Midwest		9.0				10.2				16.0				15.0
Southeast		94.8				58.7				171.7				116.7
South Central		89.0				65.1				153.7				126.2
Southwest		2.0				1.2				4.7				3.1
West		65.5				60.4				115.5				114.3
Homebuilding pre-tax income		283.1				208.6				512.1				414.7
Financial services pre-tax income		17.4				21.5				29.7				36.1
Income before income taxes		$	300.5			$	230.1			$	541.8			$	450.8

________________

(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 cost of sales, while those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.

		March 31, 2016				September 30, 2015
		(In millions)
Homebuilding Inventories (1)
East		$	837.6			$	817.3
Midwest		451.5				474.5
Southeast		1,973.1				1,876.7
South Central		2,111.3				1,909.0
Southwest		346.0				312.4
West		2,233.1				2,165.3
Corporate and unallocated (2)		264.0				251.8
Total homebuilding inventories		$	8,216.6			$	7,807.0

________________

(1) Homebuilding inventories are the only assets included in the measure of homebuilding segment assets used by the Company’s chief operating decision makers.

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

X

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599

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