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Basis of Presentation Basis of Presentation (Tables) | 9 Months Ended
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Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The purchase price was allocated based on the estimated fair value of 100% of Forestar’s assets and liabilities, as follows (in millions):
Cash | $ | 401.9 |
Inventories | 334.6 |
Investment in unconsolidated entities | 98.5 |
Other assets | 51.6 |
Goodwill | 29.2 |
Total assets | 915.8 |
Accounts payable | 2.8 |
Accrued expenses and other liabilities | 49.4 |
Notes payable | 130.1 |
Total liabilities | 182.3 |
Less: Noncontrolling interests | 175.2 |
Net assets acquired | $ | 558.3 |
Business Acquisition, Pro Forma Information | The following unaudited pro forma data presents consolidated pro forma information as if the acquisition had been completed on October 1, 2016. The unaudited pro forma results include adjustments for interest expense and other acquisition related costs and their related income tax effects. This pro forma data should not be considered indicative of the results that would have actually occurred if the acquisition had been consummated on October 1, 2016 or of future results.
|  | Three Months Ended June 30, |  | Nine Months Ended June 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
|  | (In millions, except per share data)
Revenues |  | $ | 4,435.3 |  |  | $ | 3,804.4 |  |  | $ | 11,562.9 |  |  | $ | 10,046.7 |
Net income attributable to D.R. Horton, Inc. |  | $ | 453.8 |  |  | $ | 288.5 |  |  | $ | 997.5 |  |  | $ | 775.7 |
Diluted net income per common share attributable to D.R. Horton, Inc. |  | $ | 1.18 |  |  | $ | 0.76 |  |  | $ | 2.60 |  |  | $ | 2.05 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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