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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Net income $ 968.3 $ 1,145.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 19.8 19.4
Stock-based compensation expense 22.9 23.7
Deferred income taxes 3.2 17.7
Inventory and land option charges 27.5 4.8
Changes in operating assets and liabilities:    
Decrease (increase) in construction in progress and finished homes 320.7 (1,003.7)
Increase in residential land and lots – developed, under development, held for development and held for sale (637.5) (340.7)
Increase in rental properties (357.0) (319.5)
Decrease (increase) in other assets 330.2 (221.8)
Decrease in mortgage loans held for sale 603.3 194.0
(Decrease) increase in accounts payable, accrued expenses and other liabilities (472.3) 306.2
Cash provided by (used in) operating activities 829.1 (174.1)
INVESTING ACTIVITIES    
Expenditures for property and equipment (47.5) (30.9)
Payments related to business acquisitions, net of cash acquired (97.1) 0.0
Other investing activities 1.7 4.4
Net cash used in investing activities (142.9) (26.5)
FINANCING ACTIVITIES    
Proceeds from notes payable 300.0 0.0
Repayment of notes payable (300.0) (0.6)
Payments on mortgage repurchase facility, net (404.4) (234.6)
Proceeds from stock associated with certain employee benefit plans 5.5 17.2
Cash paid for shares withheld for taxes (25.7) (33.0)
Cash dividends paid (86.1) (80.1)
Repurchases of common stock (118.1) (303.8)
Net proceeds from issuance of Forestar common stock 0.0 0.1
Net other financing activities (17.8) 62.8
Net cash used in financing activities (646.6) (572.0)
Net increase (decrease) in cash, cash equivalents and restricted cash 39.6 (772.6)
Cash, cash equivalents and restricted cash at beginning of period 2,572.9 3,237.2
Cash, cash equivalents and restricted cash at end of period 2,612.5 2,464.6
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES:    
Notes payable issued for inventory 31.2 64.3
Stock issued under employee incentive plans $ 46.9 $ 66.2