Basis of Presentation Basis of Presentation (Tables)

6 Months Ended

Mar. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase price allocation, which was finalized during the current quarter, was allocated based on the estimated fair value of 100% of Forestar’s assets and liabilities, as follows (in millions):

Cash	$	401.9
Inventories	334.6
Investment in unconsolidated entities	98.5
Other assets	51.6
Goodwill	29.2
Total assets	915.8
Accounts payable	2.8
Accrued expenses and other liabilities	49.4
Notes payable	130.1
Total liabilities	182.3
Less: Noncontrolling interests	175.2
Net assets acquired	$	558.3

Business Acquisition, Pro Forma Information

The following unaudited pro forma data presents consolidated pro forma information as if the acquisition had been completed on October 1, 2016. The unaudited pro forma results include adjustments for interest expense and other acquisition related costs and their related income tax effects. This pro forma data should not be considered indicative of the results that would have actually occurred if the acquisition had been consummated on October 1, 2016 or of future results.

	Three Months Ended   March 31,				Six Months Ended   March 31,
	2018		2017		2018		2017
	(In millions)
Revenues	$	3,794.7	$	3,273.6	$	7,127.6	$	6,242.3
Net income attributable to D.R. Horton, Inc.	$	351.0	$	249.6	$	543.7	$	487.2
Diluted net income per common share attributable to D.R. Horton, Inc.	$	0.91	$	0.66	$	1.42	$	1.29