Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2026	Sep. 30, 2025
ASSETS
Cash and cash equivalents	$ 1,917.9	$ 2,985.4
Restricted cash	56.3	47.9
Total cash, cash equivalents and restricted cash	1,974.2	3,033.3
Inventories:
Construction in progress and finished homes	8,551.7	7,648.5
Residential land and lots — developed and under development	14,516.9	14,695.8
Land held for development	195.6	218.3
Land held for sale	39.1	21.4
Rental properties	3,000.5	2,703.3
Total inventory	26,303.8	25,287.3
Mortgage loans held for sale	2,680.8	2,566.5
Deferred tax asset, net	0.0	44.5
Property and equipment, net	593.1	578.9
Other assets	3,851.5	3,797.2
Goodwill	163.5	163.5
Total assets	35,566.9	35,471.2
LIABILITIES
Accounts payable	1,323.5	1,221.9
Deferred tax liability, net	8.4	0.0
Accrued expenses and other liabilities	3,472.2	3,541.6
Notes payable	6,563.8	5,965.5
Total liabilities	11,367.9	10,729.0
Commitments and contingencies (Note K)
EQUITY
Preferred stock, $.10 par value, 30,000,000 shares authorized, no shares issued	0.0	0.0
Common stock, $.01 par value, 1,000,000,000 shares authorized, 404,879,728 shares issued and 284,940,888 shares outstanding at March 31, 2026 and 404,031,443 shares issued and 294,475,153 shares outstanding at September 30, 2025	4.0	4.0
Additional paid-in capital	3,603.3	3,576.1
Retained earnings	32,022.9	31,041.4
Treasury stock, 119,938,840 shares and 109,556,290 shares at March 31, 2026 and September 30, 2025, respectively, at cost	(12,004.4)	(10,431.1)
Stockholders’ equity	23,625.8	24,190.4
Noncontrolling interests	573.2	551.8
Total equity	24,199.0	24,742.2
Total liabilities and equity	$ 35,566.9	$ 35,471.2

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.