v3.26.1
Notes Payable (Tables)
 6 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Summary of notes payable at principal amounts, net of unamortized discounts
The Company’s notes payable at their carrying amounts consist of the following:

March 31,
2026		September 30,
2025
 (In millions)
Homebuilding
Revolving credit facility$250.0 $— 
1.3% senior notes due 2026 (1)
599.4 598.8 
1.4% senior notes due 2027 (1)
498.6 498.2 
4.85% senior notes due 2030 (1)
495.9 495.5 
5.0% senior notes due 2034 (1)
688.3 687.7 
5.5% senior notes due 2035 (1)
693.8 693.6 
Other notes201.1 180.6 
3,427.1 3,154.4 
Rental
Revolving credit facility865.0 600.0 
Forestar
Revolving credit facility— — 
5.0% senior notes due 2028 (2)
298.9 298.7 
6.5% senior notes due 2033 (2)
494.6 494.2 
Other notes— 9.9 
793.5 802.8 
Financial Services
Mortgage repurchase facilities:
Committed facility1,062.1 1,103.5 
Uncommitted facility416.1 304.8 
1,478.2 1,408.3 
Total notes payable (3)
$6,563.8 $5,965.5 
_____________
(1)Debt issuance costs that were deducted from the carrying amounts of the homebuilding senior notes totaled $17.2 million and $18.9 million at March 31, 2026 and September 30, 2025, respectively.
(2)Debt issuance costs that were deducted from the carrying amount of Forestar’s senior notes totaled $6.5 million and $7.2 million at March 31, 2026 and September 30, 2025, respectively.
(3)The fair value of notes payable at March 31, 2026 totaled $6.6 billion, of which $3.8 billion were measured using Level 2 inputs and $2.8 billion were measured using Level 3 inputs. The fair value of notes payable at September 30, 2025 totaled $6.0 billion, of which $3.8 billion were measured using Level 2 inputs and $2.2 billion were measured using Level 3 inputs. The Level 2 inputs primarily relate to senior notes, and the Level 3 inputs primarily relate to the revolving credit and mortgage repurchase facilities and approximate carrying value due to their short-term nature and/or floating interest rate terms.