Notes Payable (Tables)

3 Months Ended

Dec. 31, 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:

	December 31, 2020		September 30, 2020
	(In millions)
Homebuilding:
Unsecured:
Revolving credit facility	$	—	$	—
364-day revolving credit facility	—		—
2.55% senior notes due 2020 (1)	—		399.8
4.375% senior notes due 2022 (1)	349.3		349.2
4.75% senior notes due 2023 (1)	299.3		299.2
5.75% senior notes due 2023 (1)	398.8		398.7
2.5% senior notes due 2024 (1)	496.6		496.5
2.6% senior notes due 2025 (1)	495.6		495.1
1.4% senior notes due 2027 (1)	494.1		—
Other secured notes (2)	68.7		71.1
	2,602.4		2,509.6
Forestar:
Unsecured:
Revolving credit facility	—		—
8.0% senior notes due 2024 (3)	345.5		345.2
5.0% senior notes due 2028 (3)	296.1		295.9
Other secured notes	12.5		—
	654.1		641.1
Financial Services:
Mortgage repurchase facility	969.1		1,132.6
	$	4,225.6	$	4,283.3

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(1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $14.1 million and $10.7 million at December 31, 2020 and September 30, 2020, respectively.

(2)Homebuilding other secured notes excludes $3.8 million and $4.8 million of earnest money notes payable due to Forestar at December 31, 2020 and September 30, 2020, respectively. These intercompany notes are eliminated in consolidation.

(3)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $8.4 million and $8.9 million at December 31, 2020 and September 30, 2020, respectively.