Segment Information (Tables)

3 Months Ended

Dec. 31, 2013

Schedule of Segment Reporting Information, by Segment [Table Text Block]



	Three Months Ended December 31,
	2013		2012
	(In millions)
Revenues
Homebuilding revenues:
East	$	190.1	$	137.4
Midwest	105.8		89.4
Southeast	447.3		291.5
South Central	421.1		310.5
Southwest	70.7		76.0
West	400.6		328.4
Homebuilding revenues	1,635.6		1,233.2
Financial services revenues	35.0		41.9
Total revenues	$	1,670.6	$	1,275.1
Income Before Income Taxes (1)
Homebuilding pre-tax income (loss):
East	$	11.5	$	7.0
Midwest	10.0		(2.0		)
Southeast	51.5		19.4
South Central	42.4		25.2
Southwest	6.0		9.8
West	60.5		30.8
Homebuilding pre-tax income	181.9		90.2
Financial services pre-tax income	7.8		17.7
Income before income taxes	$	189.7	$	107.9

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(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 those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.



	December 31, 2013		September 30, 2013
	(In millions)
Homebuilding Inventories (1)
East	$	781.8	$	742.9
Midwest	440.2		412.2
Southeast	1,605.9		1,508.5
South Central	1,475.7		1,443.6
Southwest	266.5		262.4
West	1,739.4		1,668.2
Corporate and unallocated (2)	186.6		159.6
Total homebuilding inventory	$	6,496.1	$	6,197.4

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(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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