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Notes Payable (Tables)
 9 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Summary of notes payable at principal amounts, net of unamortized discounts
The Company’s notes payable at their carrying amounts consist of the following:

June 30,
2025		September 30,
2024
 (In millions)
Homebuilding
Revolving credit facility$— $— 
2.5% senior notes due 2024
— 500.0 
2.6% senior notes due 2025 (1)
499.7 499.0 
1.3% senior notes due 2026 (1)
598.5 597.7 
1.4% senior notes due 2027 (1)
498.0 497.4 
4.85% senior notes due 2030 (1)
495.4 — 
5.0% senior notes due 2034 (1)
687.5 686.5 
5.5% senior notes due 2035 (1)
693.4 — 
Other notes179.2 146.2 
3,651.7 2,926.8 
Rental
Revolving credit facility1,020.0 745.0 
Other notes— 5.7 
1,020.0 750.7 
Forestar
Revolving credit facility— — 
3.85% senior notes due 2026 (2)
70.4 398.4 
5.0% senior notes due 2028 (2)
298.5 298.1 
6.5% senior notes due 2033 (2)
494.0 — 
Other notes9.9 9.9 
872.8 706.4 
Financial Services
Mortgage repurchase facilities:
Committed facility1,252.5 1,229.3 
Uncommitted facility451.7 304.5 
1,704.2 1,533.8 
Total notes payable (3)
$7,248.7 $5,917.7 
_____________
(1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $20.0 million and $11.7 million at June 30, 2025 and September 30, 2024, respectively.
(2)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $7.6 million and $3.5 million at June 30, 2025 and September 30, 2024, respectively.
(3)The fair value of notes payable at June 30, 2025 totaled $7.2 billion, of which $4.3 billion were measured using Level 2 inputs and $2.9 billion were measured using Level 3 inputs. The fair value of notes payable at September 30, 2024 totaled $5.9 billion, of which $3.4 billion were measured using Level 2 inputs and $2.5 billion were measured using Level 3 inputs. The Level 2 inputs primarily relate to senior notes, and the Level 3 inputs primarily relate to the revolving credit and mortgage repurchase facilities and approximate carrying value due to their short-term nature and/or floating interest rate terms.