Notes Payable (Tables)

9 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

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

The Company’s notes payable at their carrying amounts consist of the following:

	June 30, 2019		September 30, 2018
	(In millions)
Homebuilding:
Unsecured:
Revolving credit facility, maturing 2023	$	150.0	$	—
3.75% senior notes due 2019 (1)	—		499.6
4.0% senior notes due 2020 (1)	499.4		498.8
2.55% senior notes due 2020 (1)	398.6		397.9
4.375% senior notes due 2022 (1)	348.7		348.4
4.75% senior notes due 2023 (1)	298.9		298.7
5.75% senior notes due 2023 (1)	398.2		398.0
Other secured notes	97.5		4.5
	2,191.3		2,445.9
Forestar:
Unsecured:
Revolving credit facility, maturing 2021	—		—
3.75% convertible senior notes due 2020 (2)	119.3		119.9
8.0% senior notes due 2024 (3)	343.5		—
	462.8		119.9
Financial Services:
Mortgage repurchase facility, maturing 2020	796.5		637.7
	$	3,450.6	$	3,203.5

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(1) Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $6.1 million and $8.5 million at June 30, 2019 and September 30, 2018, respectively.

(2) Forestar’s 3.75% convertible senior notes due 2020 include an unamortized fair value adjustment of $3.9 million and $8.2 million at June 30, 2019 and September 30, 2018, respectively.

(3)

Debt issuance costs that were deducted from the carrying amount of Forestar’s 8.0% senior notes totaled $6.5 million at June 30, 2019.