XML 39 R26.htm IDEA: XBRL DOCUMENT v3.24.4
Capitalized Interest (Tables)
3 Months Ended
Dec. 31, 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 months ended December 31, 2024 and 2023:

Three Months Ended
December 31,
 20242023
 (In millions)
Capitalized interest, beginning of period$355.1 $286.4 
Interest incurred (1)46.7 42.6 
Interest charged to cost of sales(30.3)(28.0)
Capitalized interest, end of period$371.5 $301.0 
__________________
(1)    Interest incurred in the three months ended December 31, 2024 and 2023 includes (a) interest on the Company’s mortgage repurchase facilities of $8.1 million and $14.9 million, respectively; (b) Forestar interest of $8.3 million and $8.1 million, respectively; and (c) interest on the rental revolving credit facility of $12.4 million and $8.2 million, respectively.