Capitalized Interest (Tables)

6 Months Ended

Mar. 31, 2021

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, 2021 and 2020:

	Three Months Ended March 31,				Six Months Ended March 31,
	2021		2020		2021		2020
	(In millions)
Capitalized interest, beginning of period	$	215.1	$	192.1	$	207.7	$	180.1
Interest incurred (1)	37.9		37.6		78.3		75.3
Interest charged to cost of sales	(34.4)		(29.2)		(67.4)		(54.9)
Capitalized interest, end of period	$	218.6	$	200.5	$	218.6	$	200.5

__________________

(1)    Interest incurred includes interest on the Company's mortgage repurchase facility of $3.8 million and $8.3 million in the three and six months ended March 31, 2021, respectively, and $5.0 million and $9.7 million in the same periods of fiscal 2020. Also included in interest incurred is Forestar interest of $11.5 million and $23.0 million in the three and six months ended March 31, 2021, respectively, and $9.7 million and $18.4 million in the same periods of fiscal 2020.