Capitalized Interest (Tables)

6 Months Ended

Mar. 31, 2022

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, 2022 and 2021:

	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
	(In millions)
Capitalized interest, beginning of period	$	221.3	$	215.1	$	217.7	$	207.7
Interest incurred (1)	36.7		37.9		73.6		78.3
Interest charged to cost of sales	(34.7)		(34.4)		(68.0)		(67.4)
Capitalized interest, end of period	$	223.3	$	218.6	$	223.3	$	218.6

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(1)    Interest incurred includes interest on the Company's mortgage repurchase facility of $3.0 million and $7.0 million in the three and six months ended March 31, 2022, respectively, and $3.8 million and $8.3 million in the same periods of fiscal 2021. Also included in interest incurred is Forestar interest of $8.1 million and $16.2 million in the three and six months ended March 31, 2022, respectively, and $11.5 million and $23.0 million in the same periods of fiscal 2021.