Segment Information (Tables)

12 Months Ended

Sep. 30, 2013



	Year Ended September 30,
	2013		2012		2011
			(In millions)
Revenues
Homebuilding revenues:
East	$	686.3	$	542.4	$	438.5
Midwest	471.5		339.3		261.5
Southeast	1,520.7		934.6		696.8
South Central	1,526.2		1,158.4		1,081.0
Southwest	327.7		270.7		234.8
West	1,553.5		990.8		837.0
Homebuilding revenues	6,085.9		4,236.2		3,549.6
Financial services revenues	173.4		117.8		87.2
Total revenues	$	6,259.3	$	4,354.0	$	3,636.8
Inventory Impairments
East	$	0.1	$	1.0	$	3.5
Midwest	—		—		0.1
Southeast	—		1.6		15.8
South Central	1.0		0.1		0.2
Southwest	—		0.5		4.4
West	20.2		—		13.3
Total inventory impairments	$	21.3	$	3.2	$	37.3
Income (Loss) Before Income Taxes (1)
Homebuilding pre-tax income (loss):
East	$	48.3	$	16.0	$	(13.5	)
Midwest	38.9		1.1		(13.7		)
Southeast	148.4		38.0		(19.9		)
South Central	149.0		80.6		52.4
Southwest	26.3		16.8		(3.8		)
West	181.4		51.2		(8.5		)
Homebuilding pre-tax income (loss)	592.3		203.7		(7.0		)
Financial services pre-tax income	65.5		39.2		19.1
Income before income taxes	$	657.8	$	242.9	$	12.1

____________

(1)

Expenses maintained at the corporate level consist primarily of interest and property taxes, which are capitalized and amortized to cost of sales or expensed directly, and the expenses related to operating the Company’s corporate office. The amortization of capitalized interest and property taxes is allocated to each segment based on the segment’s revenue, while interest expense and those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.



	September 30,
	2013		2012
	(In millions)
Homebuilding Inventories (1):
East	$	742.9	$	572.7
Midwest	412.2		318.1
Southeast	1,508.5		905.0
South Central	1,443.6		935.2
Southwest	262.4		188.6
West	1,668.2		1,151.3
Corporate and unallocated (2)	159.6		94.3
Total homebuilding inventories	$	6,197.4	$	4,165.2

____________


(1)	Homebuilding inventories are the only assets included in the measure of homebuilding segment assets used by the Company’s chief operating decision maker.


(2)	Corporate and unallocated consists primarily of capitalized interest and property taxes.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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