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Property, Plant, and Equipment
12 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure
NOTE F – PROPERTY AND EQUIPMENT

The Company’s property and equipment balances and the related accumulated depreciation at September 30, 2020 and 2019 are summarized below.
 September 30,
 20202019
 (In millions)
Homebuilding
Buildings and improvements$267.4 $240.2 
Model home furniture134.0 128.3 
Office furniture and equipment108.1 107.4 
Land32.3 21.7 
Single-family rental operations
Single-family rental properties68.1 6.4 
Land19.1 — 
Total single-family rental operations87.2 6.4 
Accumulated depreciation(256.2)(231.6)
 Total homebuilding372.8 272.4 
Other Businesses
Multi-family rental operations
Multi-family rental properties173.8 116.1 
Land58.3 38.0 
Total multi-family rental operations232.1 154.1 
Oil and gas related assets69.7 56.9 
Office furniture and equipment15.6 15.1 
Land19.7 16.0 
Accumulated depreciation(28.2)(20.9)
Total other businesses308.9 221.2 
Forestar, net1.1 2.4 
Financial services, net3.9 3.2 
Eliminations(3.0)— 
 Property and equipment, net$683.7 $499.2 

Depreciation expense was $69.4 million, $66.1 million and $58.2 million in fiscal 2020, 2019 and 2018, respectively.