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v3.23.2

Notes Payable (Tables) | 9 Months Ended
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Jun. 30, 2023
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, 2023 |  | September 30, 2022
|  | (In millions)
Homebuilding |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | $ | — |  |  | $ | — |
4.75% senior notes due 2023 (1) |  | — |  |  | 299.9 |
5.75% senior notes due 2023 (1) |  | 400.0 |  |  | 399.6 |
2.5% senior notes due 2024 (1) |  | 498.8 |  |  | 498.2 |
2.6% senior notes due 2025 (1) |  | 497.8 |  |  | 497.1 |
1.3% senior notes due 2026 (1) |  | 596.3 |  |  | 595.5 |
1.4% senior notes due 2027 (1) |  | 496.3 |  |  | 495.7 |
Other secured notes |  | 223.3 |  |  | 156.6 |
|  | 2,712.5 |  |  | 2,942.6 |
Forestar |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | — |  |  | — |
3.85% senior notes due 2026 (2) |  | 397.2 |  |  | 396.5 |
5.0% senior notes due 2028 (2) |  | 297.5 |  |  | 297.0 |
Other secured notes |  | 12.5 |  |  | 12.5 |
|  | 707.2 |  |  | 706.0 |
Financial Services |  |  |  |
Mortgage repurchase facilities: |  |  |  |
Committed facility |  | 1,385.9 |  |  | 1,618.3 |
Uncommitted facility |  | 299.7 |  |  | — |
|  | 1,685.6 |  |  | 1,618.3 |
Rental |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | 1,000.0 |  |  | 800.0 |
Total notes payable (3) |  | $ | 6,105.3 |  |  | $ | 6,066.9 |
_____________ (1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $9.2 million and $12.2 million at June 30, 2023 and September 30, 2022, respectively. (2)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $5.3 million and $6.5 million at June 30, 2023 and September 30, 2022, respectively. (3)The fair value of notes payable at June 30, 2023 totaled $5.9 billion, of which $3.0 billion were measured using Level 2 inputs and $2.9 billion were measured using Level 3 inputs. The fair value of notes payable at September 30, 2022 totaled $5.7 billion, of which $3.1 billion were measured using Level 2 inputs and $2.6 billion were 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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