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Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Sep. 30, 2020
Quarterly Financial Data [Abstract] |
Quarterly Results of Operations (Unaudited) | QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) Consolidated quarterly results of operations for fiscal 2020 and 2019 were (in millions, except per share amounts):
| Fiscal 2020
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter
Revenues | $ | 4,020.7 |  |  | $ | 4,500.0 |  |  | $ | 5,390.0 |  |  | $ | 6,400.4 |
Income before income taxes | 523.3 |  |  | 621.3 |  |  | 782.4 |  |  | 1,056.1 |
Income tax expense (1) | 90.8 |  |  | 137.3 |  |  | 149.5 |  |  | 224.9 |
Net income | 432.5 |  |  | 484.0 |  |  | 632.9 |  |  | 831.2 |
Net income attributable to noncontrolling interests | 1.2 |  |  | 1.3 |  |  | 2.2 |  |  | 2.2 |
Net income attributable to D.R. Horton, Inc. | 431.3 |  |  | 482.7 |  |  | 630.7 |  |  | 829.0 |
Basic net income per common share attributable to D.R. Horton, Inc. | 1.17 |  |  | 1.32 |  |  | 1.73 |  |  | 2.28 |
Diluted net income per common share attributable to D.R. Horton, Inc. | 1.16 |  |  | 1.30 |  |  | 1.72 |  |  | 2.24 |
| Fiscal 2019
| 1st Quarter |  | 2nd Quarter |  | 3rd Quarter |  | 4th Quarter
Revenues | $ | 3,519.0 |  |  | $ | 4,128.7 |  |  | $ | 4,906.3 |  |  | $ | 5,038.9 |
Income before income taxes | 375.7 |  |  | 462.8 |  |  | 626.7 |  |  | 660.1 |
Income tax expense | 89.0 |  |  | 108.4 |  |  | 153.1 |  |  | 156.2 |
Net income | 286.7 |  |  | 354.4 |  |  | 473.6 |  |  | 503.9 |
Net (loss) income attributable to noncontrolling interests | (0.5) |  |  | 3.1 |  |  | (1.2) |  |  | (1.4) |
Net income attributable to D.R. Horton, Inc. | 287.2 |  |  | 351.3 |  |  | 474.8 |  |  | 505.3 |
Basic net income per common share attributable to D.R. Horton, Inc. | 0.77 |  |  | 0.94 |  |  | 1.28 |  |  | 1.37 |
Diluted net income per common share attributable to D.R. Horton, Inc. | 0.76 |  |  | 0.93 |  |  | 1.26 |  |  | 1.35 |
___________________ (1)Income tax expense in the first, second, third and fourth quarters of fiscal 2020 include a tax benefit of $32.9 million, $6.6 million, $38.1 million and $15.8 million, respectively, related to federal energy efficient homes tax credits that were retroactively reinstated during the first quarter. The Company experiences variability in its results of operations from quarter to quarter due to the seasonal nature of its homebuilding business. The Company generally closes more homes and has greater revenues and income before income taxes in the third and fourth quarters (June and September) than in the first and second quarters (December and March) of its fiscal year.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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