XML 46 R28.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Notes Payable (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2017
Debt Disclosure [Abstract] |
Summary of notes payable at principal amounts, net of unamortized discounts | The Company’s notes payable at their principal amounts, net of debt issuance costs, consist of the following:
| September 30,
| 2017 |  | 2016
| (In millions)
Homebuilding: |  |  |  |  |
Unsecured: |  |  |  |  |
Revolving credit facility, maturing 2022 | $ | — |  |  | $ | — |
4.75% senior notes due 2017 | — |  |  | 349.5 |
3.625% senior notes due 2018 | 399.7 |  |  | 398.9 |
3.75% senior notes due 2019 | 498.8 |  |  | 498.0 |
4.0% senior notes due 2020 | 497.9 |  |  | 497.1 |
4.375% senior notes due 2022 | 348.1 |  |  | 347.7 |
4.75% senior notes due 2023 | 298.4 |  |  | 298.2 |
5.75% senior notes due 2023 | 397.6 |  |  | 397.3 |
Other secured notes | 11.1 |  |  | 11.6 |
| $ | 2,451.6 |  |  | $ | 2,798.3 |
Financial Services: |  |  |  |  |
Mortgage repurchase facility, maturing 2018 | $ | 420.0 |  |  | $ | 473.0 |
Summary of notes payable terms | The key terms of the Company’s senior notes outstanding as of September 30, 2017 are summarized below.
Notes Payable |  | Principal Amount |  | Date Issued |  | Date Due |  | Redeemable Prior to Maturity (1) |  | Effective Interest Rate (2)
|  | (In millions) |  |  |  |  |  |  |  |
3.625% senior notes |  | $400.0 |  | February 2013 |  | February 15, 2018 |  | Yes |  | 3.8%
3.75% senior notes |  | $500.0 |  | February 2014 |  | March 1, 2019 |  | Yes |  | 3.9%
4.0% senior notes |  | $500.0 |  | February 2015 |  | February 15, 2020 |  | Yes |  | 4.2%
4.375% senior notes |  | $350.0 |  | September 2012 |  | September 15, 2022 |  | Yes |  | 4.5%
4.75% senior notes |  | $300.0 |  | February 2013 |  | February 15, 2023 |  | Yes |  | 4.9%
5.75% senior notes |  | $400.0 |  | August 2013 |  | August 15, 2023 |  | Yes |  | 5.9%
_____________
(1) | The Company may redeem the notes in whole at any time or in part from time to time, at a redemption price equal to the greater of 100% of their principal amount or the present value of the remaining scheduled payments on the redemption date, plus accrued and unpaid interest.
(2) | Interest is payable semi-annually on each of the series of senior notes. The annual effective interest rate is calculated after giving effect to the amortization of debt issuance costs.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration