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v3.20.2

Property, Plant, and Equipment | 12 Months Ended
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Sep. 30, 2020
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure | NOTE F – PROPERTY AND EQUIPMENT The Company’s property and equipment balances and the related accumulated depreciation at September 30, 2020 and 2019 are summarized below.
| September 30,
| 2020 |  | 2019
| (In millions)
Homebuilding |  |  |
Buildings and improvements | $ | 267.4 |  |  | $ | 240.2 |
Model home furniture | 134.0 |  |  | 128.3 |
Office furniture and equipment | 108.1 |  |  | 107.4 |
Land | 32.3 |  |  | 21.7 |
Single-family rental operations |  |  |
Single-family rental properties | 68.1 |  |  | 6.4 |
Land | 19.1 |  |  | — |
Total single-family rental operations | 87.2 |  |  | 6.4 |
Accumulated depreciation | (256.2) |  |  | (231.6) |
Total homebuilding | 372.8 |  |  | 272.4 |
Other Businesses |  |  |
Multi-family rental operations |  |  |
Multi-family rental properties | 173.8 |  |  | 116.1 |
Land | 58.3 |  |  | 38.0 |
Total multi-family rental operations | 232.1 |  |  | 154.1 |
Oil and gas related assets | 69.7 |  |  | 56.9 |
Office furniture and equipment | 15.6 |  |  | 15.1 |
Land | 19.7 |  |  | 16.0 |
Accumulated depreciation | (28.2) |  |  | (20.9) |
Total other businesses | 308.9 |  |  | 221.2 |
Forestar, net | 1.1 |  |  | 2.4 |
Financial services, net | 3.9 |  |  | 3.2 |
Eliminations | (3.0) |  |  | — |
Property and equipment, net | $ | 683.7 |  |  | $ | 499.2 |
Depreciation expense was $69.4 million, $66.1 million and $58.2 million in fiscal 2020, 2019 and 2018, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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