Capitalized Interest

12 Months Ended

Sep. 30, 2021

Interest Costs Incurred [Abstract]

Capitalized Interest

CAPITALIZED INTEREST

The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the years ended September 30, 2021, 2020 and 2019:

	Year Ended September 30,
	2021		2020		2019
	(In millions)
Capitalized interest, beginning of year	$	207.7	$	180.1	$	162.7
Interest incurred (1)	152.2		153.3		140.2
Interest charged to cost of sales	(142.2)		(125.7)		(122.8)
Capitalized interest, end of year	$	217.7	$	207.7	$	180.1

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(1)Interest incurred includes interest on the Company's mortgage repurchase facility of $17.0 million, $19.1 million and $16.1 million in fiscal 2021, 2020 and 2019, respectively. Also included in interest incurred is Forestar interest of $41.6 million, $41.2 million and $19.4 million in fiscal 2021, 2020 and 2019, respectively.