Other Assets, Accrued Expenses and Other Liabilities (Tables)

12 Months Ended

Sep. 30, 2025

Other Assets and Accrued Expenses and Other Liabilities [Abstract]

The Company’s other assets at September 30, 2025 and 2024 were as follows:


	September 30,
	2025		2024
	(In millions)
Earnest money and refundable deposits	$	2,362.9	$	2,210.6
Water rights and other water-related assets	333.0		319.1
Pledged reimbursements asset (1)	251.4		—
Insurance receivables	167.0		156.8
Other receivables	164.0		147.1
Prepaid assets	134.5		117.9
Contract assets - insurance agency commissions	127.9		117.5
Lease right of use assets	63.0		51.4
Margin deposits related to hedging instruments	47.9		71.3
Interest rate lock commitments	42.7		44.5
Mortgage servicing rights	27.1		5.9
Mortgage hedging instruments and commitments	0.6		2.8
Other	75.2		72.7
	$	3,797.2	$	3,317.6

Homebuilding accrued expenses and other liabilities

The Company’s accrued expenses and other liabilities at September 30, 2025 and 2024 were as follows:


	September 30,
	2025		2024
	(In millions)
Reserves for legal claims	$	1,143.6	$	949.6
Employee compensation and related liabilities	598.7		569.7
Warranty liability	566.2		566.9
Inventory related accruals	497.3		451.2
Pledged reimbursements liability (1)	251.4		—
Accrued property taxes	82.7		77.6
Customer deposits	81.5		99.7
Lease liabilities	65.6		53.3
Accrued interest	60.5		34.8
Mortgage hedging instruments and commitments	34.1		63.0
Federal and state income tax liabilities	19.0		27.7
Other	141.0		123.2
	$	3,541.6	$	3,016.7

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(1)In certain projects, the Company has entered into agreements to be reimbursed for eligible infrastructure costs from municipal districts as funds are available to the district. The Company has pledged certain of these future reimbursements as collateral to a third party, and the third party issued bonds against this collateral. The Company received the cash proceeds from the third-party bond issuance. The Company has no future performance obligations related to the cash proceeds received, no obligations related to any future interest or principal payments to the third-party bondholders, and the third party has no recourse against the Company for the reimbursement of these funds. However, under the applicable accounting rules, since the Company pledged only certain reimbursements and not the entire amount, the Company recorded a non-cash transaction to increase assets and a related liability for the amount of the unpaid balance of the third-party bonds. The asset and liability will be reduced as the third-party bonds are repaid by the municipal district.