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Stockholders' Equity
 6 Months Ended
Mar. 31, 2025
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
D.R. Horton has an automatically effective universal shelf registration statement, filed with the SEC in July 2024, registering debt and equity securities that it may issue from time to time in amounts to be determined.

In July 2024, the Board of Directors authorized the repurchase of up to $4.0 billion of the Company’s common stock, replacing the previous authorization. During the six months ended March 31, 2025, the Company repurchased 16.5 million shares of its common stock at a total cost, including commissions and excise taxes, of $2.4 billion. At March 31, 2025, there was $1.2 billion remaining on the repurchase authorization. In April 2025, the Board of Directors authorized the repurchase of up to $5.0 billion of the Company’s common stock, replacing the previous authorization, which at that time had $1.1 billion remaining due to repurchases made subsequent to quarter end. The authorization has no expiration date.

During each of the first two quarters of fiscal 2025, the Board of Directors approved a quarterly cash dividend of $0.40 per common share, the most recent of which was paid on February 14, 2025 to stockholders of record on February 7, 2025. Cash dividends declared and paid in the three and six months ended March 31, 2025 totaled $125.5 million and $254.0 million, respectively. In April 2025, the Board of Directors approved a quarterly cash dividend of $0.40 per common share, payable on May 9, 2025 to stockholders of record on May 2, 2025.

Forestar has an effective shelf registration statement, filed with the SEC in September 2024, registering $750 million of equity securities, of which $300 million is reserved for sales under its at-the-market equity offering (ATM) program that was entered into in November 2024. During the six months ended March 31, 2025, there were no shares issued under the ATM program. At March 31, 2025, the full $750 million remained available for issuance under Forestar’s shelf registration statement, with $300 million reserved for sales under the ATM program.