Capitalized Interest (Tables)

3 Months Ended

Dec. 31, 2023

Interest Costs Incurred [Abstract]

Rollforward of capitalized interest

The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the three months ended December 31, 2023 and 2022:

	Three Months Ended December 31,
	2023		2022
	(In millions)
Capitalized interest, beginning of period	$	286.4	$	237.4
Interest incurred (1)	42.6		46.2
Interest charged to cost of sales	(28.0)		(28.5)
Capitalized interest, end of period	$	301.0	$	255.1

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(1)    Interest incurred in the three months ended December 31, 2023 and 2022 includes (a) interest on the Company's mortgage repurchase facilities of $14.9 million and $8.1 million, respectively; (b) Forestar interest of $8.1 million and $8.2 million, respectively; and (c) interest on DRH Rental’s revolving credit facility of $8.2 million and $9.0 million, respectively.