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Notes Payable (Tables) | 9 Months Ended
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Jun. 30, 2026
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, 2026 |  | September 30, 2025
|  | (In millions)
Homebuilding |  |  |  |
Revolving credit facility |  | $ | 500.0 |  |  | $ | — |
1.3% senior notes due 2026 (1) |  | 599.7 |  |  | 598.8 |
1.4% senior notes due 2027 (1) |  | 498.9 |  |  | 498.2 |
4.85% senior notes due 2030 (1) |  | 496.1 |  |  | 495.5 |
5.0% senior notes due 2034 (1) |  | 688.6 |  |  | 687.7 |
5.5% senior notes due 2035 (1) |  | 694.0 |  |  | 693.6 |
Other notes |  | 208.0 |  |  | 180.6 |
|  | 3,685.3 |  |  | 3,154.4 |
Rental |  |  |  |
Revolving credit facility |  | 820.0 |  |  | 600.0 |
Other notes |  | 0.3 |  |  | — |
|  | 820.3 |  |  | 600.0 |
Forestar |  |  |  |
Revolving credit facility |  | — |  |  | — |
5.0% senior notes due 2028 (2) |  | 299.1 |  |  | 298.7 |
6.5% senior notes due 2033 (2) |  | 494.7 |  |  | 494.2 |
Other notes |  | — |  |  | 9.9 |
|  | 793.8 |  |  | 802.8 |
Financial Services |  |  |  |
Mortgage repurchase facilities: |  |  |  |
Committed facility |  | 1,512.1 |  |  | 1,103.5 |
Uncommitted facility |  | 301.1 |  |  | 304.8 |
|  | 1,813.2 |  |  | 1,408.3 |
Total notes payable (3) |  | $ | 7,112.6 |  |  | $ | 5,965.5 |
_____________ (1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $16.3 million and $18.9 million at June 30, 2026 and September 30, 2025, respectively. (2)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $6.2 million and $7.2 million at June 30, 2026 and September 30, 2025, respectively. (3)The fair value of notes payable at June 30, 2026 totaled $7.1 billion, of which $3.8 billion were measured using Level 2 inputs and $3.3 billion were measured using Level 3 inputs. The fair value of notes payable at September 30, 2025 totaled $6.0 billion, of which $3.8 billion were measured using Level 2 inputs and $2.2 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.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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