XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.21.2

Notes Payable (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2021
Debt Disclosure [Abstract] |
Summary of notes payable at principal amounts, net of unamortized discounts | The Company’s notes payable at their carrying amounts consist of the following:
|  | June 30, 2021 |  | September 30, 2020
|  | (In millions)
Homebuilding: |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | $ | — |  |  | $ | — |
364-day revolving credit facility (1) |  | — |  |  | — |
2.55% senior notes due 2020 (2) |  | — |  |  | 399.8 |
4.375% senior notes due 2022 (2) |  | 349.5 |  |  | 349.2 |
4.75% senior notes due 2023 (2) |  | 299.5 |  |  | 299.2 |
5.75% senior notes due 2023 (2) |  | 399.0 |  |  | 398.7 |
2.5% senior notes due 2024 (2) |  | 497.1 |  |  | 496.5 |
2.6% senior notes due 2025 (2) |  | 496.0 |  |  | 495.1 |
1.4% senior notes due 2027 (2) |  | 494.7 |  |  | — |
Other secured notes (3) |  | 82.8 |  |  | 71.1 |
|  | 2,618.6 |  |  | 2,509.6 |
Forestar: |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | — |  |  | — |
8.0% senior notes due 2024 (4)(5) |  | — |  |  | 345.2 |
3.85% senior notes due 2026 (5) |  | 395.2 |  |  | — |
5.0% senior notes due 2028 (5) |  | 296.4 |  |  | 295.9 |
Other secured notes |  | 12.5 |  |  | — |
|  | 704.1 |  |  | 641.1 |
Financial Services: |  |  |  |
Mortgage repurchase facility |  | 1,093.6 |  |  | 1,132.6 |
|  | $ | 4,416.3 |  |  | $ | 4,283.3 |
____________________________ (1)The Company’s $375 million 364-day senior unsecured homebuilding revolving credit facility was not renewed upon its maturity on May 27, 2021. (2)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $12.3 million and $10.7 million at June 30, 2021 and September 30, 2020, respectively. (3)Homebuilding other secured notes excludes $1.4 million and $4.8 million of earnest money notes payable due to Forestar at June 30, 2021 and September 30, 2020, respectively. These intercompany notes are eliminated in consolidation. (4)Forestar’s 8.0% senior notes due April 15, 2024 were redeemed in May 2021. (5)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $8.4 million and $8.9 million at June 30, 2021 and September 30, 2020, respectively.

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: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration