Broker deposits related to hedging instruments

[Table of Contents](#if5e2d1c13bd74a82945554c9f702e646_7) D.R. HORTON, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) – (Continued)June 30, 2022NOTE L – OTHER ASSETS, ACCRUED EXPENSES AND OTHER LIABILITIES  
The Company’s other assets at June 30, 2022 and September 30, 2021 were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | June 30,2022 |  | September 30,2021 |
|   |  | (In millions) |
| Earnest money and refundable deposits |  | $ | 1,630.8  |  |  | $ | 1,079.8  |  |
| Intangible and other assets related to Vidler acquisition |  | 247.7  |  |  | —  |  |
| Insurance receivables |  | 122.3  |  |  | 109.5  |  |
| Other receivables |  | 172.6  |  |  | 153.6  |  |
| Prepaid assets |  | 93.1  |  |  | 51.6  |  |
| Contract assets - insurance agency commissions |  | 69.1  |  |  | 58.6  |  |
| Lease right of use assets |  | 42.7  |  |  | 35.6  |  |
| Interest rate lock commitments |  | 102.1  |  |  | 17.9  |  |
| Mortgage servicing rights |  | 13.8  |  |  | 4.1  |  |
| Mortgage hedging instruments and commitments |  | 66.6  |  |  | —  |  |
| Other |  | 41.2  |  |  | 49.9  |  |
|  |  | $ | 2,602.0  |  |  | $ | 1,560.6  |  |

  
  
The Company’s accrued expenses and other liabilities at June 30, 2022 and September 30, 2021 were as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | June 30,2022 |  | September 30,2021 |
|   |  | (In millions) |
| Reserves for legal claims |  | $ | 674.4  |  |  | $ | 577.5  |  |
| Employee compensation and related liabilities |  | 456.5  |  |  | 492.1  |  |
| Warranty liability |  | 431.8  |  |  | 376.3  |  |
| Customer deposits |  | 279.9  |  |  | 193.4  |  |
| Inventory related accruals |  | 306.3  |  |  | 261.2  |  |
| Broker deposits related to hedging instruments |  | 54.0  |  |  | —  |  |
| Federal and state income tax liabilities |  | 447.9  |  |  | 88.2  |  |
| Accrued property taxes |  | 42.6  |  |  | 51.0  |  |
| Lease liabilities |  | 44.0  |  |  | 37.0  |  |
| Accrued interest |  | 36.2  |  |  | 31.5  |  |
| Interest rate lock commitments |  | 26.3  |  |  | —  |  |
| Mortgage hedging instruments and commitments |  | 34.5  |  |  | 1.7  |  |
| Other |  | 117.5  |  |  | 100.4  |  |
|  |  | $ | 2,951.9  |  |  | $ | 2,210.3  |  |

  
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