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Capitalized Interest (Tables)
9 Months Ended
Jun. 30, 2024
Interest Costs Incurred [Abstract]  
Rollforward of capitalized interest
The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the three and nine months ended June 30, 2024 and 2023:

Three Months Ended
June 30,
Nine Months Ended
June 30,
 2024202320242023
 (In millions)
Capitalized interest, beginning of period$318.7 $271.7 $286.4 $237.4 
Interest incurred (1)54.5 57.4 147.6 154.2 
Interest charged to cost of sales(35.3)(41.3)(96.1)(103.8)
Capitalized interest, end of period$337.9 $287.8 $337.9 $287.8 
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(1)    Interest incurred includes (a) interest on the Company’s mortgage repurchase facilities of $16.0 million and $44.3 million in the three and nine months ended June 30, 2024, respectively, and $12.7 million and $30.5 million in the prior year periods; (b) Forestar interest of $8.2 million and $24.5 million in the three and nine months ended June 30, 2024, respectively, and $8.2 million and $24.6 million in the prior year periods; and (c) interest on the rental revolving credit facility of $18.8 million and $44.6 million in the three and nine months ended June 30, 2024, respectively, and $19.3 million and $42.0 million in the prior year periods.