Other Assets and Accrued Expenses and Other Liabilities

9 Months Ended

Jun. 30, 2011

Other Assets and Accrued Expenses and Other Liabilities [Abstract]

OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES

NOTE N – OTHER ASSETS AND ACCRUED EXPENSES AND OTHER LIABILITIES

     The Company’s homebuilding other assets were as follows:

	June 30,		September 30,
	2011		2010
	(In millions)
Insurance receivables	$	214.2	$	251.5
Accounts and notes receivable		20.5		18.5
Prepaid assets		17.9		28.9
Other assets		138.6		135.9
	$	391.2	$	434.8

     The Company’s homebuilding accrued expenses and other liabilities were as follows:

	June 30,		September 30,
	2011		2010
	(In millions)
Construction defect and other litigation liabilities	$	523.2	$	571.3
Employee compensation and related liabilities		82.8		90.4
Warranty liability		41.0		46.2
Accrued interest		27.1		39.8
Federal and state income tax liabilities		23.9		83.8
Other liabilities		114.4		125.7
	$	812.4	$	957.2