Capitalized Interest (Tables)

6 Months Ended

Mar. 31, 2018

Interest Costs Incurred [Abstract]

Rollforward of capitalized interest

The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the three and six months ended March 31, 2018 and 2017:

	Three Months Ended   March 31,						Six Months Ended   March 31,
	2018			2017			2018			2017
	(In millions)
Capitalized interest, beginning of period	$	170.3		$	190.0		$	167.9		$	191.2
Interest incurred (1)	31.8			33.5			62.8			67.0
Interest charged to cost of sales	(32.0		)	(37.3		)	(60.6		)	(72.0		)
Capitalized interest, end of period	$	170.1		$	186.2		$	170.1		$	186.2

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(1) Interest incurred includes interest on the Company's mortgage repurchase facility of $2.4 million and $4.5 million in the three and six months ended March 31, 2018, respectively, and $1.8 million and $3.5 million in the same periods of fiscal 2017. Also included in the fiscal 2018 amounts is the interest incurred by Forestar of $1.3 million in the three months ended March 31, 2018 and $1.4 million from the acquisition date through March 31, 2018.