Notes Payable (Tables)

12 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Summary of notes payable at principal amounts, net of unamortized discounts

The Company’s notes payable at their principal amounts, net of any unamortized discounts, consist of the following:

	September 30,
	2014		2013
	(In millions)
Homebuilding:
Unsecured:
Revolving credit facility, maturing 2019	$	300.0	$	—
6.125% senior notes due 2014, net	—		145.8
2% convertible senior notes due 2014, net	—		478.7
5.625% senior notes due 2014, net	—		137.8
5.25% senior notes due 2015, net	157.7		157.5
5.625% senior notes due 2016, net	169.9		169.7
6.5% senior notes due 2016, net	372.6		372.5
4.75% senior notes due 2017	350.0		350.0
3.625% senior notes due 2018	400.0		400.0
3.75% senior notes due 2019	500.0		—
4.375% senior notes due 2022	350.0		350.0
4.75% senior notes due 2023	300.0		300.0
5.75% senior notes due 2023	400.0		400.0
Other secured	23.4		8.4
	$	3,323.6	$	3,270.4
Financial Services:
Mortgage repurchase facility, maturing 2015	$	359.2	$	238.6

Summary of notes payable terms

The key terms of each of the Company’s senior notes outstanding as of September 30, 2014 are summarized below.

Note Payable	Principal Amount	Date Issued	Date Due	Redeemable Prior to Maturity		Effective Interest Rate (1)
	(In millions)
5.25% senior	$157.7	February 2005	February 15, 2015	Yes	(2)	5.4%
5.625% senior	$170.2	December 2004	January 15, 2016	Yes	(2)	5.8%
6.5% senior	$372.7	April 2006	April 15, 2016	Yes	(2)	6.6%
4.75% senior	$350.0	May 2012	May 15, 2017	Yes	(2)	5.0%
3.625% senior	$400.0	February 2013	February 15, 2018	Yes	(2)	3.8%
3.75% senior	$500.0	February 2014	March 1, 2019	Yes	(2)	3.9%
4.375% senior	$350.0	September 2012	September 15, 2022	Yes	(2)	4.5%
4.75% senior	$300.0	February 2013	February 15, 2023	Yes	(2)	4.9%
5.75% senior	$400.0	August 2013	August 15, 2023	Yes	(2)	5.9%

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(1) Interest is payable semi-annually on each of the series of senior notes. The annual effective interest rate is calculated after giving effect to the amortization of the financing costs and any discount associated with the note issuance.

(2) The Company may redeem the notes in whole at any time or in part from time to time, at a redemption price equal to the greater of 100% of their principal amount or the present value of the remaining scheduled payments on the redemption date, plus accrued interest.