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v3.22.1

Notes Payable (Tables) | 6 Months Ended
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Mar. 31, 2022
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:
|  | March 31, 2022 |  | September 30, 2021
|  | (In millions)
Homebuilding |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | $ | — |  |  | $ | — |
4.375% senior notes due 2022 (1) |  | 349.8 |  |  | 349.6 |
4.75% senior notes due 2023 (1) |  | 299.7 |  |  | 299.5 |
5.75% senior notes due 2023 (1) |  | 399.3 |  |  | 399.1 |
2.5% senior notes due 2024 (1) |  | 497.7 |  |  | 497.3 |
2.6% senior notes due 2025 (1) |  | 496.7 |  |  | 496.2 |
1.3% senior notes due 2026 (1) |  | 595.0 |  |  | 594.5 |
1.4% senior notes due 2027 (1) |  | 495.3 |  |  | 494.9 |
Other secured notes (2) |  | 152.3 |  |  | 82.2 |
|  | 3,285.8 |  |  | 3,213.3 |
Forestar |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | — |  |  | — |
3.85% senior notes due 2026 (3) |  | 396.0 |  |  | 395.5 |
5.0% senior notes due 2028 (3) |  | 296.8 |  |  | 296.5 |
Other secured notes |  | 12.5 |  |  | 12.5 |
|  | 705.3 |  |  | 704.5 |
Financial Services |  |  |  |
Mortgage repurchase facility |  | 1,578.9 |  |  | 1,494.6 |
Rental |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | — |  |  | — |
Total (4) |  | $ | 5,570.0 |  |  | $ | 5,412.4 |
____________________________ (1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $14.3 million and $16.5 million at March 31, 2022 and September 30, 2021, respectively. (2)Homebuilding other secured notes excludes $0.5 million and $0.7 million of earnest money notes payable to Forestar at March 31, 2022 and September 30, 2021, respectively. These intercompany notes are eliminated in consolidation. (3)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $7.2 million and $8.0 million at March 31, 2022 and September 30, 2021, respectively. (4)The fair value of notes payable at March 31, 2022 totaled $5.4 billion, of which $3.7 billion was measured using Level 2 inputs and $1.7 billion was measured using Level 3 inputs. The fair value of notes payable at September 30, 2021 totaled $5.5 billion, of which $3.9 billion was measured using Level 2 inputs and $1.6 billion was measured using Level 3 inputs.

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- 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
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