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Property, Plant, and Equipment
 12 Months Ended
Sep. 30, 2021
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, 2021 and 2020 are summarized below.
 September 30,
 20212020
 (In millions)
Homebuilding
Buildings and improvements$299.5 $267.4 
Model home furniture134.1 134.0 
Office furniture and equipment113.7 108.1 
Land32.6 32.3 
Single-family rental properties (1)
Single-family rental properties— 68.1 
Land— 19.1 
Total single-family rental properties— 87.2 
Accumulated depreciation(276.6)(256.2)
 Total homebuilding303.3 372.8 
Other Businesses
Multi-family rental properties (1)
Multi-family rental properties— 173.8 
Land— 58.3 
Total multi-family rental properties— 232.1 
Energy related assets79.0 69.7 
Office furniture and equipment15.9 15.6 
Land16.1 19.7 
Accumulated depreciation(28.4)(28.2)
Total other businesses82.6 308.9 
Forestar, net2.9 1.1 
Financial services, net3.5 3.9 
Rental, net0.6 — 
Eliminations— (3.0)
 Property and equipment, net$392.9 $683.7 
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(1)Single-family and multi-family rental property assets totaling $415.8 million and $425.1 million, respectively, are recorded as rental property inventory at September 30, 2021.

Depreciation expense was $73.3 million, $69.4 million and $66.1 million in fiscal 2021, 2020 and 2019, respectively.