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Segment Information (Tables)
 12 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Reporting segment results
Financial information relating to the Company’s reporting segments is as follows:
 
Year Ended September 30,
 
2017
 
2016
 
2015
 
 
 
(In millions)
 
 
Revenues
 

 
 

 
 

Homebuilding revenues:
 

 
 

 
 

East
$
1,640.1

 
$
1,446.5

 
$
1,333.6

Midwest
736.5

 
651.7

 
666.1

Southeast
4,087.6

 
3,463.5

 
2,890.6

South Central
3,383.1

 
2,995.1

 
2,725.2

Southwest
597.5

 
388.1

 
336.1

West
3,296.7

 
2,916.9

 
2,607.4

Homebuilding revenues
13,741.5

 
11,861.8

 
10,559.0

Financial services revenues
349.5

 
295.6

 
265.0

Total revenues
$
14,091.0

 
$
12,157.4

 
$
10,824.0

Inventory Impairments
 

 
 

 
 

East
$
10.5

 
$
12.3

 
$
14.3

Midwest
1.0

 
—

 
—

Southeast
2.4

 
0.7

 
8.8

South Central
1.6

 
1.0

 
1.4

Southwest
1.4

 
6.0

 
—

West
6.3

 
0.3

 
20.4

Total inventory impairments
$
23.2

 
$
20.3

 
$
44.9

Income Before Income Taxes (1) (2)
 

 
 

 
 

Homebuilding pre-tax income:
 

 
 

 
 

East
$
153.9

 
$
138.7

 
$
94.2

Midwest
49.1

 
44.3

 
49.8

Southeast
450.3

 
388.4

 
278.7

South Central
439.1

 
374.8

 
296.6

Southwest
39.6

 
7.3

 
13.1

West
357.3

 
310.9

 
285.9

Homebuilding pre-tax income
1,489.3

 
1,264.4

 
1,018.3

Financial services pre-tax income
124.5

 
98.1

 
105.1

Homebuilding and financial services pre-tax income
1,613.8

 
1,362.5

 
1,123.4

Other pre-tax loss
(11.7
)
 
(9.0
)
 
—

Income before income taxes
$
1,602.1

 
$
1,353.5

 
$
1,123.4

_____________
(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 expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.
(2)
The operating results of certain subsidiaries that are immaterial for separate reporting are grouped together and presented as other.


 
September 30,
 
2017
 
2016
 
(In millions)
Homebuilding Inventories (1):
 

 
 

East
$
1,068.9

 
$
891.1

Midwest
492.6

 
441.2

Southeast
2,392.3

 
2,070.3

South Central
2,199.4

 
2,075.6

Southwest
506.1

 
371.1

West
2,352.5

 
2,247.6

Corporate and unallocated (2)
225.3

 
244.0

Total homebuilding inventories
$
9,237.1

 
$
8,340.9

___________
(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.