Segment Information (Tables)

6 Months Ended

Mar. 31, 2015

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

The accounting policies of the reporting segments are described throughout Note A included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2014. Financial information relating to the Company's reporting segments is as follows:



	Three Months Ended March 31,				Six Months Ended March 31,
	2015		2014		2015		2014
	(In millions)
Revenues
Homebuilding revenues:
East	$	280.7	$	203.2	$	579.5	$	393.3
Midwest	145.0		99.9		274.9		205.7
Southeast	646.1		471.3		1,265.5		918.7
South Central	628.2		430.4		1,207.9		851.5
Southwest	70.9		63.1		146.3		133.8
West	567.6		428.7		1,117.4		829.3
Homebuilding revenues	2,338.5		1,696.6		4,591.5		3,332.3
Financial services revenues	59.5		38.4		109.2		73.3
Total revenues	$	2,398.0	$	1,735.0	$	4,700.7	$	3,405.6
Inventory Impairments
East	$	—	$	—	$	—	$	—
Midwest	—		—		—		—
Southeast	7.3		2.1		7.3		2.1
South Central	0.7		—		0.7		—
Southwest	—		—		—		—
West	0.1		0.2		4.0		0.2
Total inventory impairments	$	8.1	$	2.3	$	12.0	$	2.3
Income Before Income Taxes (1)
Homebuilding pre-tax income:
East	$	13.0	$	14.2	$	39.4	$	25.7
Midwest	10.2		9.1		15.0		19.1
Southeast	58.7		52.2		116.7		103.7
South Central	65.1		46.6		126.2		89.0
Southwest	1.2		5.5		3.1		11.5
West	60.4		64.1		114.3		124.6
Homebuilding pre-tax income	208.6		191.7		414.7		373.6
Financial services pre-tax income	21.5		10.2		36.1		18.0
Income before income taxes	$	230.1	$	201.9	$	450.8	$	391.6

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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 cost of sales, while those expenses associated with the corporate office are allocated to each segment based on the segment’s inventory balances.



	March 31, 2015		September 30, 2014
	(In millions)
Homebuilding Inventories (1)
East	$	888.5	$	842.7
Midwest	507.0		477.6
Southeast	2,030.4		1,943.0
South Central	1,927.7		1,742.5
Southwest	290.6		292.9
West	2,240.0		2,169.4
Corporate and unallocated (2)	252.7		232.4
Total homebuilding inventory	$	8,136.9	$	7,700.5

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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 makers.


(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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