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Capitalized Interest (Tables)
6 Months Ended
Mar. 31, 2025
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 six months ended March 31, 2025 and 2024:

Three Months Ended
March 31,
Six Months Ended
March 31,
 2025202420252024
 (In millions)
Capitalized interest, beginning of period$371.5 $301.0 $355.1 $286.4 
Interest incurred (1)55.2 50.5 101.9 93.1 
Interest charged to cost of sales(32.2)(32.8)(62.5)(60.8)
Capitalized interest, end of period$394.5 $318.7 $394.5 $318.7 
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(1)    Interest incurred includes (a) interest on the Company’s mortgage repurchase facilities of $7.4 million and $15.5 million in the three and six months ended March 31, 2025, respectively, and $13.4 million and $28.3 million in the prior year periods; (b) Forestar interest of $10.6 million and $18.8 million in the three and six months ended March 31, 2025, respectively, and $8.2 million and $16.3 million in the prior year periods; and (c) interest on the rental revolving credit facility of $16.4 million and $28.8 million in the three and six months ended March 31, 2025, respectively, and $17.6 million and $25.8 million in the prior year periods.