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Notes Payable (Tables) | 6 Months Ended
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Mar. 31, 2024
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, 2024 |  | September 30, 2023
|  | (In millions)
Homebuilding |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | $ | — |  |  | $ | — |
2.5% senior notes due 2024 (1) |  | 499.5 |  |  | 499.0 |
2.6% senior notes due 2025 (1) |  | 498.5 |  |  | 498.0 |
1.3% senior notes due 2026 (1) |  | 597.1 |  |  | 596.6 |
1.4% senior notes due 2027 (1) |  | 496.9 |  |  | 496.5 |
Other secured notes |  | 271.2 |  |  | 239.8 |
|  | 2,363.2 |  |  | 2,329.9 |
Rental |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | 985.0 |  |  | 400.0 |
Forestar |  |  |  |
Unsecured: |  |  |  |
Revolving credit facility |  | — |  |  | — |
3.85% senior notes due 2026 (2) |  | 397.9 |  |  | 397.4 |
5.0% senior notes due 2028 (2) |  | 297.9 |  |  | 297.6 |
Other secured notes |  | 9.9 |  |  | — |
|  | 705.7 |  |  | 695.0 |
Financial Services |  |  |  |
Mortgage repurchase facilities: |  |  |  |
Committed facility |  | 1,390.3 |  |  | 1,373.3 |
Uncommitted facility |  | 493.7 |  |  | 296.3 |
|  | 1,884.0 |  |  | 1,669.6 |
Total notes payable (3) |  | $ | 5,937.9 |  |  | $ | 5,094.5 |
_____________ (1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $6.7 million and $8.4 million at March 31, 2024 and September 30, 2023, respectively. (2)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $4.2 million and $5.0 million at March 31, 2024 and September 30, 2023, respectively. (3)The fair value of notes payable at March 31, 2024 totaled $5.8 billion, of which $2.6 billion were measured using Level 2 inputs and $3.2 billion were measured using Level 3 inputs. The fair value of notes payable at September 30, 2023 totaled $4.8 billion, of which $2.5 billion were measured using Level 2 inputs and $2.3 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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