Notes Payable (Tables)

9 Months Ended

Jun. 30, 2020

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, 2020		September 30, 2019
	(In millions)
Homebuilding:
Unsecured:
Revolving credit facility	$	—	$	—
364-day revolving credit facility	—		—
4.0% senior notes due 2020 (1)	—		499.6
2.55% senior notes due 2020 (1)	399.6		398.9
4.375% senior notes due 2022 (1)	349.1		348.8
4.75% senior notes due 2023 (1)	299.2		298.9
5.75% senior notes due 2023 (1)	398.6		398.4
2.5% senior notes due 2024 (1)	496.2		—
2.6% senior notes due 2025 (1)	494.8		—
Other secured notes (2)	46.3		103.0
	2,483.8		2,047.6
Forestar:
Unsecured:
Revolving credit facility	—		—
3.75% convertible senior notes due 2020 (3)	—		119.1
8.0% senior notes due 2024 (4)	344.8		343.8
5.0% senior notes due 2028 (4)	295.8		—
	640.6		462.9
Financial Services:
Mortgage repurchase facility	1,172.9		888.9
	$	4,297.3	$	3,399.4

____________________________

(1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $11.7 million and $5.4 million at June 30, 2020 and September 30, 2019, respectively.

(2)Homebuilding other secured notes at June 30, 2020 excludes $6.5 million of earnest money notes payable due to Forestar. These intercompany notes are eliminated in consolidation.

(3)Forestar’s 3.75% convertible senior notes due March 2020 included an unamortized fair value adjustment of $2.4 million at September 30, 2019.

(4)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $9.4 million and $6.2 million at June 30, 2020 and September 30, 2019, respectively.