Toll Brothers (TOL) 10-Q3 Mar 222022 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
Document and Entity Information Document - shares	Jan. 31, 2022	Mar. 01, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2022
Document Transition Report	false
Entity File Number	001-09186
Entity Registrant Name	Toll Brothers, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	23-2416878
Entity Address, Address Line One	1140 Virginia Drive
Entity Address, City or Town	Fort Washington
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19034
City Area Code	215
Local Phone Number	938-8000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	TOL
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		117,299,000
Entity Central Index Key	0000794170
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
ASSETS
Cash and cash equivalents	$ 671,365	$ 1,638,494
Inventory	8,584,427	7,915,884
Property, construction and office equipment, net	315,098	310,455
Receivables, prepaid expenses and other assets	743,368	738,078
Mortgage loans held for sale, at fair value	137,210	247,211
Customer deposits held in escrow	106,884	88,627
Investments in unconsolidated entities	679,643	599,101
Income Taxes Receivable	45,884	0
Total assets	11,283,879	11,537,850
Liabilities:
Loans payable	1,143,248	1,011,534
Senior notes	1,994,544	2,403,989
Mortgage company loan facility	101,615	147,512
Customer deposits	732,254	636,379
Accounts payable	557,272	562,466
Accrued expenses	1,236,425	1,220,235
Income taxes payable	217,071	215,280
Total liabilities	5,982,429	6,197,395
Stockholders' equity:
Preferred stock, none issued	0	0
Common stock, 127,937 shares issued January 31, 2022 and October 31, 2021, respectively	1,279	1,279
Additional paid-in capital	711,558	714,453
Retained earnings	5,100,841	4,969,839
Treasury stock, at cost - 10,426 and 7,820 shares at January 31, 2022 and October 31, 2021, respectively	(563,618)	(391,656)
Total AOCI ending balance	5,811	1,109
Total stockholders' equity	5,255,871	5,295,024
Noncontrolling interest	45,579	45,431
Total equity	5,301,450	5,340,455
Total liabilities and stockholders' equity	11,283,879	11,537,850
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Total assets	$ 91,800	$ 90,800

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Jan. 31, 2022	Oct. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, shares issued		0
Common stock, shares issued	127,937	127,937
Treasury stock, at cost	10,426	7,820

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Revenues	$ 1,791,081	$ 1,563,376
Cost of revenues	1,389,144	1,233,527
Selling, general and administrative	226,870	210,739
Income from operations	175,067	119,110
Other:
Income from unconsolidated entities	22,037	1,194
Other income - net	3,712	7,101
Income before income taxes	200,816	127,405
Income tax provision	48,912	30,906
Net income	151,904	96,499
Other comprehensive income, net of tax:
Other comprehensive income, net	4,702	713
Total comprehensive income	$ 156,606	$ 97,212
Per share:
Basic earnings	$ 1.26	$ 0.77
Diluted earnings	$ 1.24	$ 0.76
Weighted average number of shares:
Basic	120,996	126,060
Diluted	122,858	127,562
Home Building [Member]
Revenues	$ 1,687,352	$ 1,410,704
Cost of revenues	1,289,527	1,121,793
Land [Member]
Revenues	103,729	152,672
Cost of revenues	$ 99,617	$ 111,734

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, AdjustmentCommon Stock [Member]	Cumulative Effect, Period of Adoption, AdjustmentAdditional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, AdjustmentRetained Earnings [Member]	Cumulative Effect, Period of Adoption, AdjustmentTreasury Stock [Member]	Cumulative Effect, Period of Adoption, AdjustmentAOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, AdjustmentNoncontrolling Interest [Member]
Beginning balance at Oct. 31, 2020	$ 4,927,476	$ 1,529	$ 717,272	$ 5,164,086	$ (1,000,454)	$ (7,198)	$ 52,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Period Increase (Decrease)								$ (595)			$ (595)
Net income	96,499			96,499
Purchase of treasury stock	(179,395)				(179,395)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	(4,400)		(21,438)		17,038
Stock-based compensation	12,834		12,834
Dividends declared	(14,055)			(14,055)
Other Comprehensive Income (Loss), Net of Tax	712					712
Net income (loss) attributable to noncontrolling interest	(21)						(21)
Capital contributions, net	(4,563)						(4,563)
Ending balance at Jan. 31, 2021	4,834,492	1,529	708,668	5,245,935	(1,162,811)	(6,486)	47,657
Beginning balance at Oct. 31, 2021	5,340,455	1,279	714,453	4,969,839	(391,656)	1,109	45,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	151,904			151,904
Purchase of treasury stock	(185,768)				(185,768)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	(2,704)		(16,510)		13,806
Stock-based compensation	13,615		13,615
Dividends declared	(20,902)			(20,902)
Other Comprehensive Income (Loss), Net of Tax	4,702					4,702
Net income (loss) attributable to noncontrolling interest	21						21
Capital contributions, net	127						127
Ending balance at Jan. 31, 2022	$ 5,301,450	$ 1,279	$ 711,558	$ 5,100,841	$ (563,618)	$ 5,811	$ 45,579

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Cash flow provided by (used in) operating activities:
Net income	$ 151,904	$ 96,499
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	14,679	16,876
Stock-based compensation	13,615	12,834
Income (Loss) from unconsolidated entities	(22,037)	(1,194)
Distributions of earnings from unconsolidated entities	23,502	1,080
Deferred tax (benefit) provision	2,408	1,277
Inventory impairments and write-offs	2,233	1,267
Gain (Loss) on Disposition of Assets	0	(38,279)
Other	2,372	3,617
Changes in operating assets and liabilities
Inventory	(565,482)	(274,327)
Payments for Origination of Mortgage Loans Held-for-sale	(412,955)	(376,036)
Sale of mortgage loans	520,370	478,982
Receivables, prepaid expenses and other assets	(6,557)	34,733
Current income taxes, net	(48,074)	(3,421)
Customer deposits, net	77,618	60,580
Accounts payable and accrued expenses	(34,294)	40,835
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(280,698)	55,323
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	(18,475)	(14,496)
Investments in and advances to unconsolidated entities	(109,866)	(112,828)
Return of investments in unconsolidated entities	65,792	37,853
Proceeds from sales of golf club property and an office building	0	79,356
Payments for (Proceeds from) Other Investing Activities	194	334
Net Cash (Used in) Provided By Investing Activities, Continuing Operations	(62,355)	(9,781)
Cash flow used in financing activities:
Proceeds from loans payable	766,858	597,973
Repayments of loans payable	(822,142)	(847,415)
Redemption of senior notes	(409,856)	(10,020)
(Payments) proceeds from stock-based benefit plans	(2,701)	(4,397)
Purchase of treasury stock	(128,069)	(179,395)
Dividends paid	(21,077)	(14,285)
Proceeds from (Payments to) Noncontrolling Interests	(61)	(4,728)
Net Cash Used in Financing Activities, Continuing Operations	(617,048)	(462,267)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(960,101)	(416,725)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	1,684,412	1,396,604
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	$ 724,311	$ 979,879

Supplemental Disclosure to Cond

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	3 Months Ended
	Jan. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Statements of Cash Flows	Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows The following are supplemental disclosures to the Condensed Consolidated Statements of Cash Flows, for the periods indicated (amounts in thousands): Three months ended January 31, 2022 2021 Cash flow information: Income tax paid, net $ 94,577 $ 33,050 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses, net $ 123,176 $ 40,511 Accrued treasury share purchases $ 57,699 $ — Transfer of inventory to investment in unconsolidated entities $ 556 $ 49,979 Transfer of other assets to investment in unconsolidated entities, net $ 36,154 $ 13,228 Unrealized gain on derivatives $ 6,022 $ 522 At January 31, 2022 2021 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 671,365 $ 949,696 Restricted cash included in receivables, prepaid expenses, and other assets 52,946 30,183 Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 724,311 $ 979,879

Supplemental Disclosure to Co_2

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	3 Months Ended
	Jan. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Supplemental disclosures to the statements of cash flows	The following are supplemental disclosures to the Condensed Consolidated Statements of Cash Flows, for the periods indicated (amounts in thousands): Three months ended January 31, 2022 2021 Cash flow information: Income tax paid, net $ 94,577 $ 33,050 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses, net $ 123,176 $ 40,511 Accrued treasury share purchases $ 57,699 $ — Transfer of inventory to investment in unconsolidated entities $ 556 $ 49,979 Transfer of other assets to investment in unconsolidated entities, net $ 36,154 $ 13,228 Unrealized gain on derivatives $ 6,022 $ 522 At January 31, 2022 2021 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 671,365 $ 949,696 Restricted cash included in receivables, prepaid expenses, and other assets 52,946 30,183 Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows $ 724,311 $ 979,879

Supplemental Disclosure to Co_3

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Cash flow information:
Income taxes paid, net	$ 94,577	$ 33,050
Noncash activity:
Cost of inventory acquired through seller financing, municpal bonds, or included in accrued expenses, net	123,176	40,511
Accrued treasury share purchases	57,699	0
Transfer of inventory to investment in unconsolidated entities	556	49,979
Noncash transfer of other assets to investment in unconsolidated entities	36,154	13,228
Unrealized Gain (Loss) on Derivatives	6,022	522
Cash and cash equivalents	671,365	949,696
Restricted cash included in receivables, prepaid expenses, and other assets	52,946	30,183
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$ 724,311	$ 979,879

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Jan. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Significant Accounting Policies Basis of Presentation Our condensed consolidated financial statements include the accounts of Toll Brothers, Inc. (the “Company,” “we,” “us,” or “our”), a Delaware corporation, and its majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Investments in 50% or less owned partnerships and affiliates are accounted for using the equity method unless it is determined that we have effective control of the entity, in which case we would consolidate the entity. Our unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The October 31, 2021 balance sheet amounts and disclosures have been derived from our October 31, 2021 audited financial statements. Since the condensed consolidated financial statements do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements, they should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021 (“2021 Form 10-K”). In the opinion of management, the unaudited condensed consolidated financial statements include all recurring adjustments, necessary to present fairly our financial position as of January 31, 2022; the results of our operations and changes in equity for the three-month periods ended January 31, 2022 and 2021; and our cash flows for the three-month periods ended January 31, 2022 and 2021. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Use of Estimates The preparation of financial statements in accordance with GAAP requires estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. In times of economic disruption when uncertainty regarding future economic conditions is heightened, these estimates and assumptions are subject to greater variability. We are subject to risks and uncertainties, including risks and uncertainties resulting from the COVID-19 pandemic, and are likely to continue to impact our business operations. As a result, actual results could differ from the estimates and assumptions we make and such differences may be material. Revenue Recognition Home sales revenues: Revenues and cost of revenues from home sales are recognized at the time each home is delivered and title and possession are transferred to the buyer. For the majority of our home closings, our performance obligation to deliver a home is satisfied in less than one year from the date a binding sale agreement is signed. In certain states where we build, we are not able to complete certain outdoor features prior to the closing of the home. To the extent these separate performance obligations are not complete upon the home closing, we defer a portion of the home sales revenues related to these obligations and subsequently recognize the revenue upon completion of such obligations. As of January 31, 2022, the home sales revenues and related costs we deferred related to these obligations were immaterial. Our contract liabilities, consisting of deposits received from customers for sold but undelivered homes, totaled $732.3 million and $636.4 million at January 31, 2022 and October 31, 2021, respectively. Of the outstanding customer deposits held as of October 31, 2021, we recognized $110.9 million in home sales revenues during the three months ended January 31, 2022. Land sales and other revenues: Our revenues from land sales and other generally consist of: (1) land sales to joint ventures in which we retain an interest; (2) bulk sales to third parties of land we have decided no longer meets our development criteria; (3) lot sales to third-party builders within our master planned communities; and (4) sales of commercial and retail properties generally located at our City Living buildings. In general, our performance obligation for each of these land sales is fulfilled upon the delivery of the land, which generally coincides with the receipt of cash consideration from the counterparty. For land sale transactions that contain repurchase options, revenues and related costs are not recognized until the repurchase option expires. In addition, when we sell land to a joint venture in which we retain an interest, we do not recognize revenue or gains on the sale to the extent of our retained interest in such joint venture. Forfeited Customer Deposits: Forfeited customer deposits are recognized in “Home sales revenues” in our Condensed Consolidated Statements of Operations and Comprehensive Income in the period in which we determine that the customer will not complete the purchase of the home and we have the right to retain the deposit. Sales Incentives: In order to promote sales of our homes, we may offer our home buyers sales incentives. These incentives vary by type of incentive and by amount on a community-by-community and home-by-home basis. Incentives are reflected as a reduction in home sales revenues. Incentives are recognized at the time the home is delivered to the home buyer and we receive the sales proceeds. Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848),” as amended by ASU 2021-01 in January 2021, directly addressing the effects of reference rate reform on financial reporting as a result of the cessation of the publication of certain LIBOR rates beginning December 31, 2021, with complete elimination of the publication of the LIBOR rates by June 30, 2023. The guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform by virtue of referencing LIBOR or another reference rate expected to be discontinued. This guidance became effective on March 12, 2020 and can be adopted no later than December 31, 2022, with early adoption permitted. We are currently evaluating the impact, but do not expect that the adoption of ASU 2020-04, as amended by ASU 2021-01, will have a material impact on our consolidated financial statements or disclosures. Reclassification

Inventory

Inventory	3 Months Ended
Inventory	Jan. 31, 2022
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory at January 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): January 31, October 31, Land controlled for future communities $ 227,659 $ 185,656 Land owned for future communities 841,231 564,737 Operating communities 7,515,537 7,165,491 $ 8,584,427 $ 7,915,884 Operating communities include communities offering homes for sale; communities that have sold all available home sites but have not completed delivery of the homes and communities preparing to open for sale. The carrying value attributable to operating communities includes the cost of homes under construction, land and land development costs, the carrying cost of home sites in current and future phases of these communities, and the carrying cost of model homes. Backlog consists of homes under contract but not yet delivered to our home buyers (“backlog”). The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands): Three months ended January 31, 2022 2021 Land controlled for future communities $ 793 $ 167 Land owned for future communities 1,440 — Operating communities — 1,100 $ 2,233 $ 1,267 See Note 13, “Commitments and Contingencies,” for information regarding land purchase commitments. At January 31, 2022, we evaluated our land purchase contracts, including those to acquire land for apartment developments, to determine whether any of the selling entities were variable interest entities (“VIEs”) and, if they were, whether we were the primary beneficiary of any of them. Under these land purchase contracts, we do not possess legal title to the land; our risk is generally limited to deposits paid to the sellers and predevelopment costs incurred; and the creditors of the sellers generally have no recourse against us. At January 31, 2022, we determined that 298 land purchase contracts, with an aggregate purchase price of $3.96 billion, on which we had made aggregate deposits totaling $360.1 million, were VIEs, and that we were not the primary beneficiary of any VIE related to our land purchase contracts. At October 31, 2021, we determined that 289 land purchase contracts, with an aggregate purchase price of $3.67 billion, on which we had made aggregate deposits totaling $302.4 million, were VIEs and that we were not the primary beneficiary of any VIE related to our land purchase contracts. Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended January 31, 2022 2021 Interest capitalized, beginning of period $ 253,938 $ 297,975 Interest incurred 31,005 41,268 Interest expensed to home sales cost of revenues (32,437) (33,325) Interest expensed to land sales and other cost of revenues (3,409) (1,838) Interest capitalized on investments in unconsolidated entities (1,290) (1,134) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 135 15 Interest capitalized, end of period $ 247,942 $ 302,961

Investments in Unconsolidated E

Investments in Unconsolidated Entities	3 Months Ended
Investments in Unconsolidated Entities	Jan. 31, 2022
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities We have investments in various unconsolidated entities and our ownership interest in these investments ranges from 5.0% to 50%. These entities, which are structured as joint ventures and either: (i) develop land for the joint venture participants and for sale to outside builders (“Land Development Joint Ventures”); (ii) develop for-sale homes (“Home Building Joint Ventures”); (iii) develop luxury for-rent residential apartments, commercial space, and a hotel (“Rental Property Joint Ventures”); or (iv) provide financing and land banking to residential builders and developers for the acquisition and development of land and home sites (“Gibraltar Joint Ventures”). The table below provides information as of January 31, 2022, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 14 2 35 4 55 Investment in unconsolidated entities (1) $ 288,426 $ 8,630 $ 361,483 $ 21,104 $ 679,643 Number of unconsolidated entities with funding commitments by the Company 11 — 14 1 26 Company’s remaining funding commitment to unconsolidated entities (2) $ 108,611 $ — $ 54,383 $ 25,147 $ 188,141 (1) Our total investment includes $92.5 million related to 12 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $210.5 million as of January 31, 2022 . Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $115.5 million related to our unconsolidated joint venture-related variable interests in VIEs. Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at January 31, 2022, regarding the debt financing obtained by category ($ amounts in thousands): Land Rental Property Total Number of joint ventures with debt financing 8 26 34 Aggregate loan commitments $ 507,427 $ 2,308,554 $ 2,815,981 Amounts borrowed under loan commitments $ 376,534 $ 1,391,668 $ 1,768,202 More specific and/or recent information regarding our investments in, advances to, and future commitments to these entities is provided below. New Joint Ventures The table below provides information on joint ventures entered into during the three-months ended January 31, 2022 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Gibraltar Joint Ventures Number of unconsolidated joint ventures entered into during the period 2 4 1 Investment balance at January 31, 2022 $ 13,557 $ 47,569 1,641 In addition, in the first quarter of fiscal 2022, we entered into a joint venture with an unrelated party to develop a luxury for-rent residential apartment project in Washington, D.C. on land which we contributed to the venture. The land we contributed has a carrying value of $60.1 million and remains on our balance sheet under “Receivables, prepaid expenses, and other assets”. Under the terms of the joint venture agreement, our partner has the right to put their interest back to us if certain conditions are not satisfied. If those conditions are satisfied, we would expect to deconsolidate this land and recognize a land sale at that time. The table below provides information on joint ventures entered into during the three-months ended January 31, 2021 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 3 2 Investment balance at January 31, 2021 $ 139,033 $ 14,932 Results of Operations and Intra-entity Transactions From time to time, certain of our land development and rental property joint ventures sell assets to unrelated parties or to our joint venture partner. In connection with these sales, we recognized gains of $21.0 million and $5.9 million in the three-month periods ended January 31, 2022 and 2021, respectively. These gains ar e included in “Income from unconsolidated entities” in our Condensed Consolidated Statements of Operations and Comprehensive Income. In our first quarter of fiscal 2021, we recognized other-than-temporary impairment charges on our investments in certain Home Building Joint Ventures of $2.1 million. There were no other-than-temporary impairment charges recognized in our first quarter of fiscal 2022. In our first quarters of fiscal 2022 and 2021, w e purchased land from unconsolidated entities, principally related to our acquisition of lots from our Land Development Joint Ventures, totaling $23.8 million and $4.3 million, respectively. Our share of income from the lots we acquired was insignificant in each period. We sold land to unconsolidated entities, which principally involved land sales to our Rental Property Joint Ventures, totaling $78.0 million and $57.3 million in our first quarters of fiscal 2022 and 2021, respectively. These amounts are included in “Land sales and other revenue” on our Condensed Consolidated Statements of Operations and Comprehensive Income and are generally sold at or near our land basis. Guarantees The unconsolidated entities in which we have investments generally finance their activities with a combination of partner equity and debt financing. In some instances, we have guaranteed portions of debt of unconsolidated entities. These guarantees may include any or all of the following: (i) project completion guarantees, including any cost overruns; (ii) repayment guarantees, generally covering a percentage of the outstanding loan; (iii) carry cost guarantees, which cover costs such as interest, real estate taxes, and insurance; (iv) an environmental indemnity provided to the lender that holds the lender harmless from and against losses arising from the discharge of hazardous materials from the property and non-compliance with applicable environmental laws; and (v) indemnification of the lender from “bad boy acts” of the unconsolidated entity. In some instances, we and our joint venture partner have provided joint and several guarantees in connection with loans to unconsolidated entities. In these situations, we generally seek to implement a reimbursement agreement with our partner that provides that neither party is responsible for more than its proportionate share or agreed upon share of the guarantee; however, we are not always successful. In addition, if the joint venture partner does not have adequate financial resources to meet its obligations under such a reimbursement agreement, we may be liable for more than our proportionate share. We believe that, as of January 31, 2022, in the event we become legally obligated to perform under a guarantee of an obligation of an unconsolidated entity due to a triggering event, the collateral in such entity should be sufficient to repay a significant portion of the obligation. If it is not, we and our partners would need to contribute additional capital to the venture. Information with respect to certain of the Company’s unconsolidated entities’ outstanding debt obligations, loan commitments and our guarantees thereon are as follows ($ amounts in thousands): January 31, 2022 Loan commitments in the aggregate $ 2,307,200 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1) $ 407,700 Debt obligations borrowed in the aggregate $ 1,259,500 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 237,200 Estimated fair value of guarantees provided by us related to debt and other obligations $ 10,900 Terms of guarantees 1 month - 3.9 years (1) Our maximum estimated exposure under repayment and carry cost guarantees includes approximately $95.0 million related to our unconsolidated Joint Venture VIEs. The maximum exposure estimates presented above do not take into account any recoveries from the underlying collateral or any reimbursement from our partners. We have not made payments under any of the outstanding guarantees, nor have we been called upon to do so. Variable Interest Entities We have both unconsolidated and consolidated joint venture-related variable interests in VIEs. Information regarding our involvement in unconsolidated joint-venture related variable interests in VIEs has been disclosed throughout information presented above. The table below provides information as of January 31, 2022 and October 31, 2021, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification January 31, October 31, Number of Joint Venture VIEs that the Company is the primary beneficiary and consolidates 5 5 Carrying value of consolidated VIEs assets Receivables prepaid expenses, and other assets $ 91,800 $ 90,800 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 39,500 $ 39,400 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 50% to 98%. We are actively looking for additional partners for these investments and to the extent we are able to find such partners, we will reduce our ownership interest in these entities. As shown above, we are the primary beneficiary of certain VIEs due to our controlling financial interest in such ventures as we have the power to direct the activities that most significantly impact the joint ventures’ performance and the obligation to absorb expected losses or receive benefits from the joint ventures. The assets of these VIEs can only be used to settle the obligations of the VIEs. In addition, in certain of the joint ventures, in the event additional contributions are required to be funded to the joint ventures prior to the admission of any additional investor at a future date, we will fund 100% of such contributions, including our partner’s pro rata share, which we expect would be funded through an interest-bearing loan. For other VIEs, we are not the primary beneficiary because the power to direct the activities of such VIEs that most significantly impact their performance was either shared by us and such VIEs’ other partners or such activities were controlled by our partner. For VIEs where the power to direct significant activities is shared, business plans, budgets, and other major decisions are required to be unanimously approved by all members. Management and other fees earned by us are nominal and believed to be at market rates, and there is no significant economic disproportionality between us and other members. Joint Venture Condensed Combined Financial Information The Condensed Combined Balance Sheets, as of the dates indicated, and the Condensed Combined Statements of Operations, for the periods indicated, for the unconsolidated entities in which we have an investment are included below (in thousands): Condensed Combined Balance Sheets: January 31, October 31, Cash and cash equivalents $ 167,968 $ 153,582 Inventory 1,060,893 964,962 Loans receivable, net 61,539 86,727 Rental properties 1,454,564 1,496,355 Rental properties under development 914,785 697,659 Other assets 272,758 227,579 Total assets $ 3,932,507 $ 3,626,864 Debt, net of deferred financing costs $ 1,764,604 $ 1,677,619 Other liabilities 264,246 248,545 Members’ equity 1,903,657 1,700,700 Total liabilities and equity $ 3,932,507 $ 3,626,864 Company’s net investment in unconsolidated entities (1) $ 679,643 $ 599,101 (1) Our underlying equity in the net assets of the unconsolidated entities exceeded our net investment in unconsolidated entities by $21.2 million and $16.5 million as of January 31, 2022 and October 31, 2021, respectively, and these differences are primarily a result of other than temporary impairments we have recognized; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; unrealized gains on our retained joint venture interests; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment . Condensed Combined Statements of Operations: Three months ended January 31, 2022 2021 Revenues $ 155,752 $ 92,530 Cost of revenues 108,483 96,723 Other expenses 43,603 35,390 Total expenses 152,086 132,113 Income (loss) from operations 3,553 (39,583) Other income (2) 33,347 948 Income (loss) before income taxes 36,900 (38,635) Income tax expense (benefit) 83 (1,506) Net income (loss) including earnings from noncontrolling interests 36,817 (37,129) Less: income attributable to noncontrolling interest — (174) Net income (loss) attributable to controlling interest $ 36,817 $ (37,303) Company’s equity in earnings of unconsolidated entities (3) $ 22,037 $ 1,194 (2) The three months ending January 31, 2022 includes $29.9 million related to the sale of an asset by one Rental Property Joint Venture. (3) Differences between our equity in earnings of unconsolidated entities and the underlying net income (loss) of the entities are primarily a result of distributions from entities in excess of the carrying amount of our investment; promote earned on the gains recognized by joint ventures and those promoted cash flows being distributed; other than temporary impairments we have recognized; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; gains recognized from the sale of our investment to our joint venture partner; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.

Receivables, Prepaid Expenses,

Receivables, Prepaid Expenses, and Other Assets	3 Months Ended
Receivables, Prepaid Expenses, and Other Assets	Jan. 31, 2022
Receivables, prepaid expenses and other assets [Abstract]
Receivables, Prepaid Expenses, and Other Assets [Text Block]	Receivables, Prepaid Expenses, and Other Assets Receivables, prepaid expenses, and other assets at January 31, 2022 and October 31, 2021, consisted of the following (amounts in thousands): January 31, 2022 October 31, 2021 Expected recoveries from insurance carriers and others $ 15,126 $ 16,773 Improvement cost receivable 68,532 67,626 Escrow cash held by our wholly owned title company 51,683 41,429 Properties held for rental apartment and commercial development 348,624 381,401 Prepaid expenses 38,574 34,960 Right-of-use asset 98,923 96,276 Other 121,906 99,613 $ 743,368 $ 738,078 See Note 6, “Accrued Expenses,” for additional information regarding the expected recoveries from insurance carriers and others. As of January 31, 2022 and October 31, 2021, properties held for rental apartment and commercial development include $91.8 million and $90.8 million, respectively, of assets related to consolidated VIEs. See Note 3, “Investments in Unconsolidated Entities” for additional information regarding VIEs.

Loans Payable, Senior Notes and

Loans Payable, Senior Notes and Mortgage Company Loan Facility	3 Months Ended
	Jan. 31, 2022
Debt Disclosure [Abstract]
Loans Payable, Senior Notes, and Mortgage Company Loan Facility	Loans Payable, Senior Notes, and Mortgage Company Loan Facility Loans Payable At January 31, 2022 and October 31, 2021, loans payable consisted of the following (amounts in thousands): January 31, October 31, Senior unsecured term loan $ 650,000 $ 650,000 Loans payable – other 495,624 364,042 Deferred issuance costs (2,376) (2,508) $ 1,143,248 $ 1,011,534 Senior Unsecured Term Loan We are party to a $650.0 million senior unsecured term loan facility (the “Term Loan Facility”) with a syndicate of banks, most of which is scheduled to expire on November 1, 2026. In the first quarter of fiscal 2021, we voluntarily repaid $150.0 million of the then $800.0 million in principal amount that was outstanding. No prepayment charges were incurred in connection with the repayment. On October 31, 2021, we entered into term loan extension agreements to extend the maturity date of $548.4 million of outstanding term loans from November 1, 2025 to November 1, 2026, with the remainder of the term loans remaining due November 1, 2025. Other than $101.6 million of term loans that are scheduled to mature on November 1, 2025, there are no payments required before the final maturity date on the Term Loan Facility. At January 31, 2022, the interest rate on the Term Loan Facility was 1.16% per annum. We and substantially all of our 100%-owned home building subsidiaries are guarantors under the Term Loan Facility. The Term Loan Facility contains substantially the same financial covenants as the Revolving Credit Facility described below. In November 2020, we entered into five interest rate swap transactions to hedge $400.0 million of the Term Loan Facility through October 2025. The interest rate swaps effectively fix the interest cost on the $400.0 million at 0.369% plus the spread set forth in the pricing schedule in the Term Loan Facility, which was 1.05% as of January 31, 2022. These interest rate swaps were designated as cash flow hedges. Revolving Credit Facility We have a $1.905 billion, senior unsecured revolving credit facility (the “Revolving Credit Facility”) with a syndicate of banks. On October 31, 2021, we entered into extension letter agreements which extended the maturity date of $1.78 billion of the revolving loans and commitments under the Revolving Credit Facility from November 1, 2025 to November 1, 2026, with the remainder of the revolving loans and commitments continuing to terminate on November 1, 2025. We and substantially all of our 100%-owned home building subsidiaries are guarantors under the Revolving Credit Facility. Under the terms of the Revolving Credit Facility, at January 31, 2022, our maximum leverage ratio, as defined, may not exceed 1.75 to 1.00, and we are required to maintain a minimum tangible net worth, as defined, of no less than approximately $2.09 billion. Under the terms of the Revolving Credit Facility, at January 31, 2022, our leverage ratio was approximately 0.44 to 1.00, and our tangible net worth was approximately $5.25 billion. Based upon the terms of the Revolving Credit Facility, our ability to repurchase our common stock was limited to approximately $4.26 billion as of January 31, 2022. In addition, under the provisions of the Revolving Credit Facility, our ability to pay cash dividends was limited to approximately $3.16 billion as of January 31, 2022. At January 31, 2022, we had no outstanding borrowings under the Revolving Credit Facility and had approximately $92.9 million of outstanding letters of credit that were issued under the Revolving Credit Facility. At January 31, 2022, the interest rate on outstanding borrowings under the Revolving Credit Facility would have been 1.31% per annum. In February 2022, we borrowed $200.0 million under our Revolving Credit Facility. Loans Payable – Other “Loans payable – other” primarily represents purchase money mortgages on properties we acquired that the seller had financed, project-level financing, and various revenue bonds that were issued by government entities on our behalf to finance community infrastructure and our manufacturing facilities. At January 31, 2022, the weighted-average interest rate on “Loans payable – other” was 3.80% per annum. Senior Notes At January 31, 2022, we had five issues of senior notes outstanding with an aggregate principal amount of $2.00 billion. In our first quarter of fiscal 2022, we redeemed the remaining $409.9 million principal amount of 5.875% Senior Notes due February 15, 2022, at par, plus accrued interest. Mortgage Company Loan Facility Toll Brothers Mortgage Company (“TBI Mortgage”), our wholly owned mortgage subsidiary, has a mortgage warehousing agreement (the “Warehousing Agreement”) with a bank, which has been amended from time to time, to finance the origination of mortgage loans by TBI Mortgage. The Warehousing Agreement is accounted for as a secured borrowing under ASC 860, “Transfers and Servicing.” The Warehousing Agreement provides for loan purchases up to $75.0 million, subject to certain sublimits. In addition, the Warehousing Agreement provides for an accordion feature under which TBI Mortgage may request that the aggregate commitments under the Warehousing Agreement be increased to an amount up to $150.0 million for a short period of time. Prior to its scheduled expiration on March 4, 2021, the Warehousing Agreement was amended and restated to extend the expiration date to March 3, 2022 and to reduce the interest rate thereunder to LIBOR plus 1.75% per annum (with a LIBOR floor of 0.75%). Prior to the extension, borrowings under the facility bore interest at LIBOR plus 1.90% per annum. At January 31, 2022, the interest rate on the Warehousing Agreement, as amended, was 2.50% per annum. Subsequent to January 31, 2022, the Warehousing Agreement was further extended to April 2, 2022.

Accrued Expenses

Accrued Expenses	3 Months Ended
Accrued Expenses	Jan. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses at January 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): January 31, October 31, Land, land development, and construction $ 298,390 $ 310,996 Compensation and employee benefits 176,256 232,161 Escrow liability 46,159 36,107 Self-insurance 239,194 236,369 Warranty 143,043 145,062 Lease liabilities 119,851 116,248 Deferred income 38,515 36,638 Interest 35,762 34,033 Commitments to unconsolidated entities 29,969 22,150 Treasury share purchases 57,699 — Other 51,587 50,471 $ 1,236,425 $ 1,220,235 The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Three months ended January 31, 2022 2021 Balance, beginning of period $ 145,062 $ 157,351 Additions – homes closed during the period 9,455 7,402 Increase in accruals for homes closed in prior years, net 2,957 1,194 Charges incurred (14,431) (15,070) Balance, end of period $ 143,043 $ 150,877 Since fiscal 2014, we have received water intrusion claims from owners of homes built since 2002 in communities located in Pennsylvania and Delaware. We continue to perform review procedures to assess, among other things, the number of affected homes, whether repairs are likely to be required, and the extent of such repairs. Our review process, conducted quarterly, includes an analysis of many factors to determine whether a claim is likely to be received and the estimated costs to resolve any such claim, including: the closing dates of the homes; the number of claims received; our inspection of homes; an estimate of the number of homes we expect to repair; the type and cost of repairs that have been performed in each community; the estimated costs to remediate pending and future claims; the expected recovery from our insurance carriers and suppliers; and the previously recorded amounts related to these claims. We also monitor legal developments relating to these types of claims and review the volume, relative merits and adjudication of claims in litigation or arbitration. From October 31, 2016 through the second quarter of fiscal 2020, our recorded aggregate estimated repair costs to be incurred for known and unknown water intrusion claims were $324.4 million and our recorded aggregate expected recoveries from insurance carriers and suppliers were approximately $152.6 million. Based on trends in claims experience over several years and lower than anticipated repair costs, in the second fiscal quarter of 2020 and again in the fourth fiscal quarter of 2021, we reduced the aggregate estimated repair costs to be incurred for known and unknown water intrusion claims by a total of $36.2 million. Because this reduction was associated with periods in which we expect our insurance deductibles and self-insured retentions to be exhausted, we reduced our aggregate expected recoveries from insurance carriers and suppliers by a corresponding $36.2 million. Our recorded remaining estimated repair costs, which reflects a reduction for the aggregate amount expended to resolve claims, were approximately $53.2 million at January 31, 2022 and $54.7 million at October 31, 2021. Our recorded remaining expected recoveries from insurance carriers and suppliers were approximately $4.6 million at January 31, 2022 and $5.8 million at October 31, 2021. As noted above, our review process includes a number of estimates that are based on assumptions with uncertain outcomes. Due to the degree of judgment required in making these estimates and the inherent uncertainty in potential outcomes, it is reasonably possible that our actual costs and recoveries could differ from those recorded and such differences could be material. In addition, due to such uncertainty, we are unable to estimate the range of any such differences.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Jan. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded income tax provisions of $48.9 million and $30.9 million for the three months ended January 31, 2022 and 2021, respectively. The effective tax rate was 24.4% for the three months ended January 31, 2022, compared to 24.3% for the three months ended January 31, 2021. The income tax provisions for all periods included the provision for state income taxes, interest accrued on anticipated tax assessments, excess tax benefits related to stock-based compensation, federal energy efficient home credits and other permanent differences. We are subject to state tax in the jurisdictions in which we operate. We estimate our state tax liability based upon the individual taxing authorities’ regulations, estimates of income by taxing jurisdiction, and our ability to utilize certain tax-saving strategies. Based on our estimate of the allocation of income or loss among the various taxing jurisdictions and changes in tax regulations and their impact on our tax strategies, we estimate that our state income tax rate for the full fiscal year 2022 will be approximately 5.2%. Our state income tax rate for the full fiscal year 2021 was 5.8%. At January 31, 2022, we had $5.9 million of gross unrecognized tax benefits, including interest and penalties. If these unrecognized tax benefits were to reverse in the future, they would have a beneficial impact on our effective tax rate at that time. During the next 12 months, it is reasonably possible that our unrecognized tax benefits will change, but we are not able to provide a range of such change. The possible changes would be principally due to the expiration of tax statutes, settlements with taxing jurisdictions, increases due to new tax positions taken, and the accrual of estimated interest and penalties.

Stock-Based Benefit Plans

Stock-Based Benefit Plans	3 Months Ended
Stock-Based Benefit Plans	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Benefit Plans	Stock-Based Benefit Plans We grant stock options and various types of restricted stock units to our employees and our non-employee directors. Additionally, we have an employee stock purchase plan that allows employees to purchase our stock at a discount. Information regarding the amount of total stock-based compensation expense and tax benefit recognized by us, for the periods indicated, is as follows (amounts in thousands): Three months ended January 31, 2022 2021 Total stock-based compensation expense recognized $ 13,615 $ 12,834 Income tax benefit recognized $ 3,413 $ 3,289 At January 31, 2022 and October 31, 2021, the aggregate unamortized value of unvested stock-based compensation awards was approximately $24.4 million and $14.7 million, respectively.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Jan. 31, 2022
Stock Repurchase Program [Abstract]
Stockholders’ Equity	Stockholders’ Equity Stock Repurchase Program From time to time since fiscal 2017, our Board of Directors has renewed its authorization to repurchase up to 20 million shares of our common stock in open market transactions, privately negotiated transactions (including accelerated share repurchases), issuer tender offers or other financial arrangements or transactions. Most recently, on March 10, 2020, our Board of Directors renewed its authorization to repurchase of 20 million shares of our common stock. The Board of Directors did not fix any expiration date for this repurchase program. The table below provides, for the periods indicated, information about our share repurchase programs: Three months ended January 31, 2022 2021 Number of shares purchased (in thousands) 3,013 4,027 Average price per share $ 61.65 $ 44.54 Remaining authorization at January 31 (in thousands) 9,550 15,957 Cash Dividends During the three months ended January 31, 2022 and 2021, we declared and paid cash dividends of $0.17 and $0.11 per share, respectively, to our shareholders. Accumulated Other Comprehensive Income (Loss) The changes in each component of accumulated other comprehensive income (loss) (“AOCI”), for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2022 2021 Employee Retirement Plans Beginning balance $ (6,024) $ (7,198) Gains reclassified from AOCI to net income (1) 451 450 Less: Tax expense (2) (113) (116) Net gains reclassified from AOCI to net income 338 334 Other comprehensive income, net of tax 338 334 Ending balance $ (5,686) $ (6,864) Derivative Instruments Beginning balance $ 7,133 $ — Gains on derivative instruments 5,748 498 Less: Tax expense (1,441) (128) Net gains on derivative instruments 4,307 370 Gains reclassified from AOCI to net income (3) 76 10 Less: Tax expense (2) (19) (2) Net gains reclassified from AOCI to net income 57 8 Other comprehensive income, net of tax 4,364 378 Ending balance $ 11,497 $ 378 Total AOCI ending balance $ 5,811 $ (6,486) (1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

Earnings Per Share Information

Earnings Per Share Information	3 Months Ended
Earnings Per Share Information	Jan. 31, 2022
Earnings Per Share [Abstract]
Income per Share Information	Earnings per Share Information The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Three months ended January 31, 2022 2021 Numerator: Net income as reported $ 151,904 $ 96,499 Denominator: Basic weighted-average shares 120,996 126,060 Common stock equivalents (1) 1,862 1,502 Diluted weighted-average shares 122,858 127,562 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 204 589 Shares issued under stock incentive and employee stock purchase plans 408 456 (1) Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued upon the conversion of restricted stock units under our equity award programs. (2) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
Fair Value Disclosures	Jan. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair Value Disclosures Financial Instruments The table below provides, as of the dates indicated, a summary of assets/(liabilities) related to our financial instruments, measured at fair value on a recurring basis (amounts in thousands): Fair value Financial Instrument Fair value January 31, October 31, 2021 Residential Mortgage Loans Held for Sale Level 2 $ 137,210 $ 247,211 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,948 $ 1,782 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (6,509) $ (1,773) Forward Loan Commitments — IRLCs Level 2 $ 6,509 $ 1,773 Interest Rate Swap Contracts Level 2 $ 16,351 $ 10,330 At January 31, 2022 and October 31, 2021, the carrying value of cash and cash equivalents and customer deposits held in escrow approximated fair value. The fair values of the interest rate swap contracts are included in “Receivables, prepaid expenses and other assets” in our Condensed Consolidated Balance Sheets and are determined using widely accepted valuation techniques including discounted cash flow analysis based on the expected cash flows of each swap contract. Although the Company has determined that the significant inputs, such as interest yield curve and discount rate, used to value its interest rate swap contracts fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our counterparties and our own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. However, as of January 31, 2022, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our interest rate swap contract positions and have determined that the credit valuation adjustments were not significant to the overall valuation of our interest rate swap contracts. As a result, we have determined that our interest rate swap contracts valuations in their entirety are classified in Level 2 of the fair value hierarchy. Mortgage Loans Held for Sale At the end of the reporting period, we determine the fair value of our mortgage loans held for sale and the forward loan commitments we have entered into as a hedge against the interest rate risk of our mortgage loans and commitments using the market approach to determine fair value. The table below provides, as of the dates indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale (amounts in thousands): Aggregate unpaid Fair value Excess At January 31, 2022 $ 137,051 $ 137,210 $ 159 At October 31, 2021 $ 244,467 $ 247,211 $ 2,744 Inventory We recognize inventory impairment charges based on the difference in the carrying value of the inventory and its fair value at the time of the evaluation. The fair value of the aforementioned inventory was determined using Level 3 criteria. Estimated fair value is primarily determined by discounting the estimated future cash flow of each community. See Note 1, “Significant Accounting Policies – Inventory,” in our 2021 Form 10-K for additional information regarding our methodology for determining fair value. Impairments on operating communities were insignificant during the three months ended January 31, 2022 and 2021 and, accordingly, we did not disclose the ranges of certain quantitative unobservable inputs utilized in determining the fair value of such impaired operating communities. Debt The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): January 31, 2022 October 31, 2021 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 1,145,624 $ 1,137,429 $ 1,014,042 $ 1,021,662 Senior notes (2) Level 1 2,000,000 2,114,051 2,409,856 2,577,818 Mortgage company loan facility (3) Level 2 101,615 101,615 147,512 147,512 $ 3,247,239 $ 3,353,095 $ 3,571,410 $ 3,746,992 (1) The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date. (2) The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date. (3) We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.

Other Income - Net

Other Income - Net	3 Months Ended
Other Income - Net	Jan. 31, 2022
Other Income and Expenses [Abstract]
Other Income - net	Other Income – Net The table below provides the significant components of other income – net (amounts in thousands): Three months ended January 31, 2022 2021 Interest income $ 1,558 $ 1,455 Income from ancillary businesses 1,960 6,859 Management fee income from Home Building Joint Ventures, net 1,338 117 Other (1,144) (1,330) Total other income – net $ 3,712 $ 7,101 Management fee income from home building unconsolidated entities presented above primarily represents fees earned by Toll Brothers City Living ® (“City Living”) and traditional home building operations. Income from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, Gibraltar, apartment living and golf course and country club operations. The table below provides, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands): Three months ended January 31, 2022 2021 Revenues $ 27,697 $ 29,101 Expenses $ 25,737 $ 22,242

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Legal Proceedings We are involved in various claims and litigation arising principally in the ordinary course of business. We believe that adequate provision for resolution of all current claims and pending litigation has been made and that the disposition of these matters will not have a material adverse effect on our results of operations and liquidity or on our financial condition. Land Purchase Contracts Generally, our agreements to acquire land parcels do not require us to purchase those land parcels, although we, in some cases, forfeit any deposit balance outstanding if and when we terminate an agreement. Information regarding our land purchase contracts, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, 2022 October 31, 2021 Aggregate purchase price: Unrelated parties $ 4,644,319 $ 4,442,804 Unconsolidated entities that the Company has investments in 9,648 9,953 Total $ 4,653,967 $ 4,452,757 Deposits against aggregate purchase price $ 408,873 $ 336,363 Additional cash required to acquire land 4,245,094 4,116,394 Total $ 4,653,967 $ 4,452,757 Amount of additional cash required to acquire land included in accrued expenses $ 20,690 $ 37,447 In addition, we expect to purchase approximately 6,200 additional home sites over a number of years from several joint ventures in which we have interests; the purchase prices of these home sites will be determined at a future date. At January 31, 2022, we also had purchase contracts to acquire land for apartment developments of approximately $165.7 million, of which we had outstanding deposits in the amount of $5.8 million. We intend to acquire and develop these projects in joint ventures with unrelated parties in the future. We have additional land parcels under option that have been excluded from the aggregate purchase price since we do not believe that we will complete the purchase of these land parcels and no additional funds will be required from us to terminate these contracts. Investments in Unconsolidated Entities At January 31, 2022, we had investments in a number of unconsolidated entities, were committed to invest or advance additional funds, and had guaranteed a portion of the indebtedness and/or loan commitments of these entities. See Note 3, “Investments in Unconsolidated Entities,” for more information regarding our commitments to these entities. Surety Bonds and Letters of Credit At January 31, 2022, we had outstanding surety bonds amounting to $863.0 million, primarily related to our obligations to governmental entities to construct improvements in our communities. We estimate that approximately $426.0 million of work remains on these improvements. We have an additional $241.2 million of surety bonds outstanding that guarantee other obligations. We do not believe that it is probable that any outstanding bonds will be drawn upon. At January 31, 2022, we had outstanding letters of credit of $92.9 million under our Revolving Credit Facility. These letters of credit were issued to secure various financial obligations, including insurance policy deductibles and other claims, land deposits, and security to complete improvements in communities in which we are operating. We do not believe that it is probable that any outstanding letters of credit will be drawn upon. At January 31, 2022, we had provided financial guarantees of $26.3 million related to fronted letters of credit to secure obligations related to certain of our insurance policy deductibles and other claims. Backlog At January 31, 2022, we had agreements of sale outstanding to deliver 11,302 homes with an aggregate sales value of $10.80 billion. Mortgage Commitments Our mortgage subsidiary provides mortgage financing for a portion of our home closings. For those home buyers to whom our mortgage subsidiary provides mortgages, we determine whether the home buyer qualifies for the mortgage based upon information provided by the home buyer and other sources. For those home buyers who qualify, our mortgage subsidiary provides the home buyer with a mortgage commitment that specifies the terms and conditions of a proposed mortgage loan based upon then-current market conditions. Prior to the actual closing of the home and funding of the mortgage, the home buyer will lock in an interest rate based upon the terms of the commitment. At the time of rate lock, our mortgage subsidiary agrees to sell the proposed mortgage loan to one of several outside recognized mortgage financing institutions (“investors”) that is willing to honor the terms and conditions, including interest rate, committed to the home buyer. We believe that these investors have adequate financial resources to honor their commitments to our mortgage subsidiary. Mortgage loans are sold to investors with limited recourse provisions derived from industry-standard representations and warranties in the relevant agreements. These representations and warranties primarily involve the absence of misrepresentations by the borrower or other parties, the appropriate underwriting of the loan and in some cases, a required minimum number of payments to be made by the borrower. The Company generally does not retain any other continuing interest related to mortgage loans sold in the secondary market. Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, October 31, 2021 Aggregate mortgage loan commitments: IRLCs $ 621,537 $ 528,127 Non-IRLCs 2,888,866 2,705,772 Total $ 3,510,403 $ 3,233,899 Investor commitments to purchase: IRLCs $ 621,537 $ 528,127 Mortgage loans held for sale 136,552 244,376 Total $ 758,089 $ 772,503

Information on Segments

Information on Segments	3 Months Ended
Information on Segments	Jan. 31, 2022
Segment Reporting [Abstract]
Information on Segments	Information on Segments We operate in two segments: traditional home building and urban infill. We build and sell detached and attached homes in luxury residential communities located in affluent suburban markets that cater to move-up, empty-nester, active-adult, affordable luxury, age-qualified, and second-home buyers in the United States (“Traditional Home Building”). We also build and sell homes in urban infill markets through City Living. Our Traditional Home Building segment operates in the following five geographic segments, with current operations in the states listed below: • The North region: Connecticut, Delaware, Illinois, Massachusetts, Michigan, New Jersey, New York and Pennsylvania; • The Mid-Atlantic region: Georgia, Maryland, North Carolina, Tennessee and Virginia; • The South region: Florida, South Carolina and Texas; • The Mountain region: Arizona, Colorado, Idaho, Nevada and Utah; and • The Pacific region: California, Oregon and Washington. Revenues and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2022 2021 Revenues: Traditional Home Building: North $ 315,362 $ 312,639 Mid-Atlantic 242,877 163,984 South 243,519 216,884 Mountain 462,300 377,977 Pacific 384,949 331,158 Traditional Home Building 1,649,007 1,402,642 City Living 39,772 7,793 Corporate and other (1,427) 269 Total home sales revenues 1,687,352 1,410,704 Land sales and other revenues 103,729 152,672 Total revenues $ 1,791,081 $ 1,563,376 Income (loss) before income taxes: Traditional Home Building: North $ 31,539 $ 18,882 Mid-Atlantic 33,425 18,813 South 22,532 21,483 Mountain 71,011 36,013 Pacific 64,534 47,554 Traditional Home Building 223,041 142,745 City Living (1) 12,717 32,692 Corporate and other (34,942) (48,032) Total $ 200,816 $ 127,405 (1) In the first quarter of fiscal 2021, we sold certain commercial assets associated with our Hoboken, New Jersey condominium projects for $82.4 million which is included in Land sales and other revenues above. City Living recognized net gains of $38.3 million from these sales. “Corporate and other” is comprised principally of general corporate expenses such as our executive offices; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including our apartment rental development business; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): January 31, October 31, Traditional Home Building: North $ 1,407,992 $ 1,357,168 Mid-Atlantic 1,052,923 976,887 South 1,662,383 1,421,612 Mountain 2,624,647 2,397,484 Pacific 2,254,252 2,174,997 Traditional Home Building 9,002,197 8,328,148 City Living 314,092 332,972 Corporate and other 1,967,590 2,876,730 Total $ 11,283,879 $ 11,537,850 “Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, deferred tax assets, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, our Gibraltar investments and operations, manufacturing facilities, and our mortgage and title subsidiaries. The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2022 2021 Traditional Home Building: North $ 325 $ 35 Mid-Atlantic 441 32 South 143 25 Mountain 102 9 Pacific 22 66 Total 1,033 167 City Living 1,200 1,100 $ 2,233 $ 1,267

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Jan. 31, 2022
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation Our condensed consolidated financial statements include the accounts of Toll Brothers, Inc. (the “Company,” “we,” “us,” or “our”), a Delaware corporation, and its majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Investments in 50% or less owned partnerships and affiliates are accounted for using the equity method unless it is determined that we have effective control of the entity, in which case we would consolidate the entity. Our unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The October 31, 2021 balance sheet amounts and disclosures have been derived from our October 31, 2021 audited financial statements. Since the condensed consolidated financial statements do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements, they should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021 (“2021 Form 10-K”). In the opinion of management, the unaudited condensed consolidated financial statements include all recurring adjustments, necessary to present fairly our financial position as of January 31, 2022; the results of our operations and changes in equity for the three-month periods ended January 31, 2022 and 2021; and our cash flows for the three-month periods ended January 31, 2022 and 2021. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Use of Estimates The preparation of financial statements in accordance with GAAP requires estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. In times of economic disruption when uncertainty regarding future economic conditions is heightened, these estimates and assumptions are subject to greater variability. We are subject to risks and uncertainties, including risks and uncertainties resulting from the COVID-19 pandemic, and are likely to continue to impact our business operations. As a result, actual results could differ from the estimates and assumptions we make and such differences may be material.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848),” as amended by ASU 2021-01 in January 2021, directly addressing the effects of reference rate reform on financial reporting as a result of the cessation of the publication of certain LIBOR rates beginning December 31, 2021, with complete elimination of the publication of the LIBOR rates by June 30, 2023. The guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform by virtue of referencing LIBOR or another reference rate expected to be discontinued. This guidance became effective on March 12, 2020 and can be adopted no later than December 31, 2022, with early adoption permitted. We are currently evaluating the impact, but do not expect that the adoption of ASU 2020-04, as amended by ASU 2021-01, will have a material impact on our consolidated financial statements or disclosures.
Revenue [Policy Text Block]	Revenue Recognition Home sales revenues: Revenues and cost of revenues from home sales are recognized at the time each home is delivered and title and possession are transferred to the buyer. For the majority of our home closings, our performance obligation to deliver a home is satisfied in less than one year from the date a binding sale agreement is signed. In certain states where we build, we are not able to complete certain outdoor features prior to the closing of the home. To the extent these separate performance obligations are not complete upon the home closing, we defer a portion of the home sales revenues related to these obligations and subsequently recognize the revenue upon completion of such obligations. As of January 31, 2022, the home sales revenues and related costs we deferred related to these obligations were immaterial. Our contract liabilities, consisting of deposits received from customers for sold but undelivered homes, totaled $732.3 million and $636.4 million at January 31, 2022 and October 31, 2021, respectively. Of the outstanding customer deposits held as of October 31, 2021, we recognized $110.9 million in home sales revenues during the three months ended January 31, 2022. Land sales and other revenues: Our revenues from land sales and other generally consist of: (1) land sales to joint ventures in which we retain an interest; (2) bulk sales to third parties of land we have decided no longer meets our development criteria; (3) lot sales to third-party builders within our master planned communities; and (4) sales of commercial and retail properties generally located at our City Living buildings. In general, our performance obligation for each of these land sales is fulfilled upon the delivery of the land, which generally coincides with the receipt of cash consideration from the counterparty. For land sale transactions that contain repurchase options, revenues and related costs are not recognized until the repurchase option expires. In addition, when we sell land to a joint venture in which we retain an interest, we do not recognize revenue or gains on the sale to the extent of our retained interest in such joint venture. Forfeited Customer Deposits: Forfeited customer deposits are recognized in “Home sales revenues” in our Condensed Consolidated Statements of Operations and Comprehensive Income in the period in which we determine that the customer will not complete the purchase of the home and we have the right to retain the deposit. Sales Incentives: In order to promote sales of our homes, we may offer our home buyers sales incentives. These incentives vary by type of incentive and by amount on a community-by-community and home-by-home basis. Incentives are reflected as a
Reclassification, Comparability Adjustment	ReclassificationCertain prior period amounts have been reclassified to conform to the fiscal 2022 presentation.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
Inventory (Tables)	Jan. 31, 2022
Inventory Disclosure [Abstract]
Inventory	Inventory at January 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): January 31, October 31, Land controlled for future communities $ 227,659 $ 185,656 Land owned for future communities 841,231 564,737 Operating communities 7,515,537 7,165,491 $ 8,584,427 $ 7,915,884
Inventory impairment charges and expensing of costs that it is believed not to be recoverable	The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands): Three months ended January 31, 2022 2021 Land controlled for future communities $ 793 $ 167 Land owned for future communities 1,440 — Operating communities — 1,100 $ 2,233 $ 1,267
Interest incurred, capitalized and expensed	Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended January 31, 2022 2021 Interest capitalized, beginning of period $ 253,938 $ 297,975 Interest incurred 31,005 41,268 Interest expensed to home sales cost of revenues (32,437) (33,325) Interest expensed to land sales and other cost of revenues (3,409) (1,838) Interest capitalized on investments in unconsolidated entities (1,290) (1,134) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 135 15 Interest capitalized, end of period $ 247,942 $ 302,961

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	3 Months Ended
Investments in Unconsolidated Entities (Tables)	Jan. 31, 2022
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Summary of Joint Venture Information	The table below provides information as of January 31, 2022, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 14 2 35 4 55 Investment in unconsolidated entities (1) $ 288,426 $ 8,630 $ 361,483 $ 21,104 $ 679,643 Number of unconsolidated entities with funding commitments by the Company 11 — 14 1 26 Company’s remaining funding commitment to unconsolidated entities (2) $ 108,611 $ — $ 54,383 $ 25,147 $ 188,141 (1) Our total investment includes $92.5 million related to 12 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $210.5 million as of January 31, 2022 . Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $115.5 million related to our unconsolidated joint venture-related variable interests in VIEs.
Summary of Joint Ventures Borrowing information	Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at January 31, 2022, regarding the debt financing obtained by category ($ amounts in thousands): Land Rental Property Total Number of joint ventures with debt financing 8 26 34 Aggregate loan commitments $ 507,427 $ 2,308,554 $ 2,815,981 Amounts borrowed under loan commitments $ 376,534 $ 1,391,668 $ 1,768,202
New joint venture formations	The table below provides information on joint ventures entered into during the three-months ended January 31, 2022 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Gibraltar Joint Ventures Number of unconsolidated joint ventures entered into during the period 2 4 1 Investment balance at January 31, 2022 $ 13,557 $ 47,569 1,641 In addition, in the first quarter of fiscal 2022, we entered into a joint venture with an unrelated party to develop a luxury for-rent residential apartment project in Washington, D.C. on land which we contributed to the venture. The land we contributed has a carrying value of $60.1 million and remains on our balance sheet under “Receivables, prepaid expenses, and other assets”. Under the terms of the joint venture agreement, our partner has the right to put their interest back to us if certain conditions are not satisfied. If those conditions are satisfied, we would expect to deconsolidate this land and recognize a land sale at that time. The table below provides information on joint ventures entered into during the three-months ended January 31, 2021 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 3 2 Investment balance at January 31, 2021 $ 139,033 $ 14,932
Summary of Unconsolidated Entities Debt Obligations, Loan Commitments and Guarantees	Information with respect to certain of the Company’s unconsolidated entities’ outstanding debt obligations, loan commitments and our guarantees thereon are as follows ($ amounts in thousands): January 31, 2022 Loan commitments in the aggregate $ 2,307,200 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1) $ 407,700 Debt obligations borrowed in the aggregate $ 1,259,500 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 237,200 Estimated fair value of guarantees provided by us related to debt and other obligations $ 10,900 Terms of guarantees 1 month - 3.9 years (1) Our maximum estimated exposure under repayment and carry cost guarantees includes approximately $95.0 million related to our unconsolidated Joint Venture VIEs.
Condensed balance sheet	Condensed Combined Balance Sheets: January 31, October 31, Cash and cash equivalents $ 167,968 $ 153,582 Inventory 1,060,893 964,962 Loans receivable, net 61,539 86,727 Rental properties 1,454,564 1,496,355 Rental properties under development 914,785 697,659 Other assets 272,758 227,579 Total assets $ 3,932,507 $ 3,626,864 Debt, net of deferred financing costs $ 1,764,604 $ 1,677,619 Other liabilities 264,246 248,545 Members’ equity 1,903,657 1,700,700 Total liabilities and equity $ 3,932,507 $ 3,626,864 Company’s net investment in unconsolidated entities (1) $ 679,643 $ 599,101 (1) Our underlying equity in the net assets of the unconsolidated entities exceeded our net investment in unconsolidated entities by $21.2 million and $16.5 million as of January 31, 2022 and October 31, 2021, respectively, and these differences are primarily a result of other than temporary impairments we have recognized; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; unrealized gains on our retained joint venture interests; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment .
Condensed statements of operations and comprehensive income	Condensed Combined Statements of Operations: Three months ended January 31, 2022 2021 Revenues $ 155,752 $ 92,530 Cost of revenues 108,483 96,723 Other expenses 43,603 35,390 Total expenses 152,086 132,113 Income (loss) from operations 3,553 (39,583) Other income (2) 33,347 948 Income (loss) before income taxes 36,900 (38,635) Income tax expense (benefit) 83 (1,506) Net income (loss) including earnings from noncontrolling interests 36,817 (37,129) Less: income attributable to noncontrolling interest — (174) Net income (loss) attributable to controlling interest $ 36,817 $ (37,303) Company’s equity in earnings of unconsolidated entities (3) $ 22,037 $ 1,194 (2) The three months ending January 31, 2022 includes $29.9 million related to the sale of an asset by one Rental Property Joint Venture. (3) Differences between our equity in earnings of unconsolidated entities and the underlying net income (loss) of the entities are primarily a result of distributions from entities in excess of the carrying amount of our investment; promote earned on the gains recognized by joint ventures and those promoted cash flows being distributed; other than temporary impairments we have recognized; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; gains recognized from the sale of our investment to our joint venture partner; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.
Consolidated Joint Venture Related Variable Interest Entities	The table below provides information as of January 31, 2022 and October 31, 2021, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification January 31, October 31, Number of Joint Venture VIEs that the Company is the primary beneficiary and consolidates 5 5 Carrying value of consolidated VIEs assets Receivables prepaid expenses, and other assets $ 91,800 $ 90,800 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 39,500 $ 39,400 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 50% to 98%. We are actively looking for additional partners for these investments and to the extent we are able to find such partners, we will reduce our ownership interest in these entities.

Receivables, Prepaid Expenses_2

Receivables, Prepaid Expenses, and Other Assets (Tables)	3 Months Ended
Receivables, Prepaid Expenses, and Other Assets (Tables)	Jan. 31, 2022
Receivables, prepaid expenses and other assets [Abstract]
Receivables, Prepaid Expenses, and Other Assets [Table Text Block]	Receivables, prepaid expenses, and other assets at January 31, 2022 and October 31, 2021, consisted of the following (amounts in thousands): January 31, 2022 October 31, 2021 Expected recoveries from insurance carriers and others $ 15,126 $ 16,773 Improvement cost receivable 68,532 67,626 Escrow cash held by our wholly owned title company 51,683 41,429 Properties held for rental apartment and commercial development 348,624 381,401 Prepaid expenses 38,574 34,960 Right-of-use asset 98,923 96,276 Other 121,906 99,613 $ 743,368 $ 738,078

Loans Payable, Senior Notes a_2

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Tables)	3 Months Ended
	Jan. 31, 2022
Debt Disclosure [Abstract]
Loans Payable [Text Block]	At January 31, 2022 and October 31, 2021, loans payable consisted of the following (amounts in thousands): January 31, October 31, Senior unsecured term loan $ 650,000 $ 650,000 Loans payable – other 495,624 364,042 Deferred issuance costs (2,376) (2,508) $ 1,143,248 $ 1,011,534

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
Accrued Expenses (Tables)	Jan. 31, 2022
Payables and Accruals [Abstract]
Accrued expenses	Accrued expenses at January 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): January 31, October 31, Land, land development, and construction $ 298,390 $ 310,996 Compensation and employee benefits 176,256 232,161 Escrow liability 46,159 36,107 Self-insurance 239,194 236,369 Warranty 143,043 145,062 Lease liabilities 119,851 116,248 Deferred income 38,515 36,638 Interest 35,762 34,033 Commitments to unconsolidated entities 29,969 22,150 Treasury share purchases 57,699 — Other 51,587 50,471 $ 1,236,425 $ 1,220,235
Changes in the warranty accrual	The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Three months ended January 31, 2022 2021 Balance, beginning of period $ 145,062 $ 157,351 Additions – homes closed during the period 9,455 7,402 Increase in accruals for homes closed in prior years, net 2,957 1,194 Charges incurred (14,431) (15,070) Balance, end of period $ 143,043 $ 150,877

Stock-Based Benefit Plans (Tabl

Stock-Based Benefit Plans (Tables)	3 Months Ended
Stock-Based Benefit Plans (Tables)	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense and income tax benefit recognized	Information regarding the amount of total stock-based compensation expense and tax benefit recognized by us, for the periods indicated, is as follows (amounts in thousands): Three months ended January 31, 2022 2021 Total stock-based compensation expense recognized $ 13,615 $ 12,834 Income tax benefit recognized $ 3,413 $ 3,289

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Jan. 31, 2022
Stock Repurchase Program [Abstract]
Stock repurchase program	The table below provides, for the periods indicated, information about our share repurchase programs: Three months ended January 31, 2022 2021 Number of shares purchased (in thousands) 3,013 4,027 Average price per share $ 61.65 $ 44.54 Remaining authorization at January 31 (in thousands) 9,550 15,957
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The changes in each component of accumulated other comprehensive income (loss) (“AOCI”), for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2022 2021 Employee Retirement Plans Beginning balance $ (6,024) $ (7,198) Gains reclassified from AOCI to net income (1) 451 450 Less: Tax expense (2) (113) (116) Net gains reclassified from AOCI to net income 338 334 Other comprehensive income, net of tax 338 334 Ending balance $ (5,686) $ (6,864) Derivative Instruments Beginning balance $ 7,133 $ — Gains on derivative instruments 5,748 498 Less: Tax expense (1,441) (128) Net gains on derivative instruments 4,307 370 Gains reclassified from AOCI to net income (3) 76 10 Less: Tax expense (2) (19) (2) Net gains reclassified from AOCI to net income 57 8 Other comprehensive income, net of tax 4,364 378 Ending balance $ 11,497 $ 378 Total AOCI ending balance $ 5,811 $ (6,486) (1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

Earnings Per Share Information

Earnings Per Share Information (Tables)	3 Months Ended
Earnings Per Share Information (Tables)	Jan. 31, 2022
Earnings Per Share [Abstract]
Income per share calculation	The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Three months ended January 31, 2022 2021 Numerator: Net income as reported $ 151,904 $ 96,499 Denominator: Basic weighted-average shares 120,996 126,060 Common stock equivalents (1) 1,862 1,502 Diluted weighted-average shares 122,858 127,562 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 204 589 Shares issued under stock incentive and employee stock purchase plans 408 456 (1) Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued upon the conversion of restricted stock units under our equity award programs. (2) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
Fair Value Disclosures (Tables)	Jan. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Summary of assets and (liabilities), measured at fair value on a recurring basis	The table below provides, as of the dates indicated, a summary of assets/(liabilities) related to our financial instruments, measured at fair value on a recurring basis (amounts in thousands): Fair value Financial Instrument Fair value January 31, October 31, 2021 Residential Mortgage Loans Held for Sale Level 2 $ 137,210 $ 247,211 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,948 $ 1,782 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (6,509) $ (1,773) Forward Loan Commitments — IRLCs Level 2 $ 6,509 $ 1,773 Interest Rate Swap Contracts Level 2 $ 16,351 $ 10,330
Aggregate unpaid principal and fair value of mortgage loans held for sale	The table below provides, as of the dates indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale (amounts in thousands): Aggregate unpaid Fair value Excess At January 31, 2022 $ 137,051 $ 137,210 $ 159 At October 31, 2021 $ 244,467 $ 247,211 $ 2,744
Book value and estimated fair value of the Company's debt	The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): January 31, 2022 October 31, 2021 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 1,145,624 $ 1,137,429 $ 1,014,042 $ 1,021,662 Senior notes (2) Level 1 2,000,000 2,114,051 2,409,856 2,577,818 Mortgage company loan facility (3) Level 2 101,615 101,615 147,512 147,512 $ 3,247,239 $ 3,353,095 $ 3,571,410 $ 3,746,992 (1) The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date. (2) The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date. (3) We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.

Other Income - Net (Tables)

Other Income - Net (Tables)	3 Months Ended
Other Income - Net (Tables)	Jan. 31, 2022
Other Income and Expenses [Abstract]
Other Income - net	The table below provides the significant components of other income – net (amounts in thousands): Three months ended January 31, 2022 2021 Interest income $ 1,558 $ 1,455 Income from ancillary businesses 1,960 6,859 Management fee income from Home Building Joint Ventures, net 1,338 117 Other (1,144) (1,330) Total other income – net $ 3,712 $ 7,101
Revenues and expenses of non-core ancillary businesses	The table below provides, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands): Three months ended January 31, 2022 2021 Revenues $ 27,697 $ 29,101 Expenses $ 25,737 $ 22,242

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Jan. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Company land purchase commitments	Information regarding our land purchase contracts, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, 2022 October 31, 2021 Aggregate purchase price: Unrelated parties $ 4,644,319 $ 4,442,804 Unconsolidated entities that the Company has investments in 9,648 9,953 Total $ 4,653,967 $ 4,452,757 Deposits against aggregate purchase price $ 408,873 $ 336,363 Additional cash required to acquire land 4,245,094 4,116,394 Total $ 4,653,967 $ 4,452,757 Amount of additional cash required to acquire land included in accrued expenses $ 20,690 $ 37,447
Company mortgage commitments	Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, October 31, 2021 Aggregate mortgage loan commitments: IRLCs $ 621,537 $ 528,127 Non-IRLCs 2,888,866 2,705,772 Total $ 3,510,403 $ 3,233,899 Investor commitments to purchase: IRLCs $ 621,537 $ 528,127 Mortgage loans held for sale 136,552 244,376 Total $ 758,089 $ 772,503

Information on Segments (Tables

Information on Segments (Tables)	3 Months Ended
Information on Segments (Tables)	Jan. 31, 2022
Segment Reporting [Abstract]
Revenue and income (loss) before income taxes and total assets	Revenues and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2022 2021 Revenues: Traditional Home Building: North $ 315,362 $ 312,639 Mid-Atlantic 242,877 163,984 South 243,519 216,884 Mountain 462,300 377,977 Pacific 384,949 331,158 Traditional Home Building 1,649,007 1,402,642 City Living 39,772 7,793 Corporate and other (1,427) 269 Total home sales revenues 1,687,352 1,410,704 Land sales and other revenues 103,729 152,672 Total revenues $ 1,791,081 $ 1,563,376 Income (loss) before income taxes: Traditional Home Building: North $ 31,539 $ 18,882 Mid-Atlantic 33,425 18,813 South 22,532 21,483 Mountain 71,011 36,013 Pacific 64,534 47,554 Traditional Home Building 223,041 142,745 City Living (1) 12,717 32,692 Corporate and other (34,942) (48,032) Total $ 200,816 $ 127,405 (1) In the first quarter of fiscal 2021, we sold certain commercial assets associated with our Hoboken, New Jersey condominium projects for $82.4 million which is included in Land sales and other revenues above. City Living recognized net gains of $38.3 million from these sales. “Corporate and other” is comprised principally of general corporate expenses such as our executive offices; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including our apartment rental development business; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): January 31, October 31, Traditional Home Building: North $ 1,407,992 $ 1,357,168 Mid-Atlantic 1,052,923 976,887 South 1,662,383 1,421,612 Mountain 2,624,647 2,397,484 Pacific 2,254,252 2,174,997 Traditional Home Building 9,002,197 8,328,148 City Living 314,092 332,972 Corporate and other 1,967,590 2,876,730 Total $ 11,283,879 $ 11,537,850
Schedule of inventory impairments by segment	The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2022 2021 Traditional Home Building: North $ 325 $ 35 Mid-Atlantic 441 32 South 143 25 Mountain 102 9 Pacific 22 66 Total 1,033 167 City Living 1,200 1,100 $ 2,233 $ 1,267

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Oct. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract with Customer, Liability	$ 732,254	$ 636,379
Home Building [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 110,900

Significant Accounting Polici_4

Significant Accounting Policies (Details 1) $ in Millions	3 Months Ended
Significant Accounting Policies (Details 1) $ in Millions	Jan. 31, 2022USD ($)
Home Building [Member]
Reclassification [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 110.9

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Total Inventory
Inventory	$ 8,584,427	$ 7,915,884
Land controlled for future communities [Member]
Total Inventory
Inventory	227,659	185,656
Land Owned for Future Communities [Member]
Total Inventory
Inventory	841,231	564,737
Operating communities [Member]
Total Inventory
Inventory	$ 7,515,537	$ 7,165,491

Inventory (Details 1)

Inventory (Details 1) - USD ($) $ in Thousands	3 Months Ended
Inventory (Details 1) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Schedule of inventory [Line Items]
Inventory Write-down	$ 2,233	$ 1,267
Land controlled for future communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	793	167
Land Owned for Future Communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	1,440	0
Operating communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	$ 0	$ 1,100

Inventory (Details 2)

Inventory (Details 2) - USD ($) $ in Thousands	3 Months Ended
Inventory (Details 2) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized, beginning of period	$ 253,938	$ 297,975
Interest incurred	31,005	41,268
Interest capitalized on investments in unconsolidated entities	(1,290)	(1,134)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory	135	15
Interest capitalized, end of period	247,942	302,961
Home Building [Member]
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest expensed to cost of revenues	(32,437)	(33,325)
Land [Member]
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest expensed to cost of revenues	$ (3,409)	$ (1,838)

Inventory (Details Textual)

Inventory (Details Textual) $ in Thousands	3 Months Ended
Inventory (Details Textual) $ in Thousands	Jan. 31, 2022USD ($)	Jan. 31, 2021USD ($)	Oct. 31, 2021USD ($)
Variable Interest Entity [Line Items]
Purchase obligation	$ 4,653,967		$ 4,452,757
Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	$ 32,437	$ 33,325
VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Number of VIE Land Purchase Contracts (in ones)	298		289
Interest Rate Swap [Member] \| Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	$ 76	10
Interest Rate Swap [Member] \| AOCI Attributable to Parent [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest costs incurred	274	$ 154
Land Purchase Commitment To Unrelated Party [Member]
Variable Interest Entity [Line Items]
Purchase obligation	4,644,319		$ 4,442,804
Land Purchase Commitment To Unrelated Party [Member] \| VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Purchase obligation	3,960,000		3,670,000
Land Parcel Purchase Commitment [Member]
Variable Interest Entity [Line Items]
Deposits against aggregate purchase commitments	408,873		336,363
Land Parcel Purchase Commitment [Member] \| VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Deposits against aggregate purchase commitments	$ 360,100		$ 302,400

Investments in Unconsolidated_3

Investments in Unconsolidated Entities (Details 1) $ in Thousands	Jan. 31, 2022USD ($)joint_ventures	Oct. 31, 2021USD ($)
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	55
Investment in unconsolidated entities (1)	$ 679,643	$ 599,101
Number of joint venture with funding commitments \| joint_ventures	26
Other commitment	$ 188,141
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	14
Investment in unconsolidated entities (1)	$ 288,426
Number of joint venture with funding commitments \| joint_ventures	11
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	2
Investment in unconsolidated entities (1)	$ 8,630
Number of joint venture with funding commitments \| joint_ventures	0
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	35
Investment in unconsolidated entities (1)	$ 361,483
Number of joint venture with funding commitments \| joint_ventures	14
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	4
Investment in unconsolidated entities (1)	$ 21,104
Number of joint venture with funding commitments \| joint_ventures	1
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	12
Investment in unconsolidated entities (1)	$ 92,500
Other commitment	$ 115,500
Variable Interest Entity, Not Primary Beneficiary [Member] \| Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	20.00%
Variable Interest Entity, Not Primary Beneficiary [Member] \| Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	50.00%
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] \| Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Other commitment	$ 108,611
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] \| Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Other commitment	0
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] \| Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Other commitment	54,383
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] \| Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Other commitment	25,147
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] \| Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Other commitment	$ 210,500

Investments in Unconsolidated_4

Investments in Unconsolidated Entities (Details 2) $ in Thousands	Jan. 31, 2022USD ($)joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments \| joint_ventures	34
Line of credit facility, maximum borrowing capacity	$ 2,815,981
Amounts borrowed under commitments	$ 1,768,202
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments \| joint_ventures	8
Line of credit facility, maximum borrowing capacity	$ 507,427
Amounts borrowed under commitments	$ 376,534
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments \| joint_ventures	26
Line of credit facility, maximum borrowing capacity	$ 2,308,554
Amounts borrowed under commitments	$ 1,391,668

Investments in Unconsolidated_5

Investments in Unconsolidated Entities (Details 3) $ in Thousands	3 Months Ended
	Jan. 31, 2022USD ($)joint_ventures	Jan. 31, 2021USD ($)joint_ventures	Oct. 31, 2021USD ($)
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	$ 679,643		$ 599,101
Total assets	11,283,879		11,537,850
Variable Interest Entity, Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Total assets	91,800		90,800
Noncontrolling Interest in Variable Interest Entity	39,500		$ 39,400
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	288,426
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	361,483
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	$ 21,104
Newly Formed Joint Ventures [Member] \| Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of JVs formed in the period \| joint_ventures	2	3
Investment in unconsolidated entities (1)	$ 13,557	$ 139,033
Newly Formed Joint Ventures [Member] \| Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of JVs formed in the period \| joint_ventures	4	2
Investment in unconsolidated entities (1)	$ 47,569	$ 14,932
Newly Formed Joint Ventures [Member] \| Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of JVs formed in the period \| joint_ventures	1
Investment in unconsolidated entities (1)	$ 1,641

Investments in Unconsolidated_6

Investments in Unconsolidated Entities (Details 4) $ in Thousands	3 Months Ended
	Jan. 31, 2022USD ($)
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,815,981
Long-term line of credit	1,768,202
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1)	95,000
Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Estimated fair value of guarantees provided by us related to debt and other obligations	10,900
Indirect Guarantee of Indebtedness [Member] \| Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity	2,307,200
Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1)	407,700
Long-term line of credit	1,259,500
Maximum repapyment and carry cost guarantee obligation for borrowings by JV	$ 237,200
Indirect Guarantee of Indebtedness [Member] \| Equity Method Investee [Member] \| Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Terms of guarantees	1 month
Indirect Guarantee of Indebtedness [Member] \| Equity Method Investee [Member] \| Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Terms of guarantees	3.9 years

Investments in Unconsolidated_7

Investments in Unconsolidated Entities (Details 5) $ in Thousands	3 Months Ended
	Jan. 31, 2022USD ($)joint_ventures	Jan. 31, 2021USD ($)joint_ventures	Oct. 31, 2021USD ($)
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	55
Investment in unconsolidated entities (1)	$ 679,643		$ 599,101
Other commitment	$ 188,141
Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	12
Investment in unconsolidated entities (1)	$ 92,500
Other commitment	115,500
Variable Interest Entity, Not Primary Beneficiary [Member] \| Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other commitment	$ 210,500
Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	35
Investment in unconsolidated entities (1)	$ 361,483
Rental Joint Ventures, including the Trust [Member] \| Newly Formed Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Investment in unconsolidated entities (1)	$ 47,569	$ 14,932
Number of JVs formed in the period \| joint_ventures	4	2
Rental Joint Ventures, including the Trust [Member] \| Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other commitment	$ 54,383
Minimum [Member] \| Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	20.00%
Maximum [Member] \| Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	50.00%

Investments in Unconsolidated_8

Investments in Unconsolidated Entities (Details 6) $ in Thousands	Jan. 31, 2022USD ($)joint_ventures	Oct. 31, 2021USD ($)joint_ventures
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number of joint ventures \| joint_ventures	55
Total assets	$ 11,283,879	$ 11,537,850
Variable Interest Entity, Primary Beneficiary [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number of joint ventures \| joint_ventures	5	5
Total assets	$ 91,800	$ 90,800
Noncontrolling Interest in Variable Interest Entity	$ 39,500	$ 39,400
Variable Interest Entity, Primary Beneficiary [Member] \| Minimum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Ownership interest	50.00%
Variable Interest Entity, Primary Beneficiary [Member] \| Maximum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Ownership interest	98.00%

Investments in Unconsolidated_9

Investments in Unconsolidated Entities (Details 7) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020
Condensed Balance Sheets:
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	$ 724,311	$ 1,684,412	$ 979,879	$ 1,396,604
Inventory	8,584,427	7,915,884
Other	121,906	99,613
Total assets	11,283,879	11,537,850
Stockholders' Equity Attributable to Noncontrolling Interest	45,579	45,431
Total liabilities and stockholders' equity	11,283,879	11,537,850
Investments in unconsolidated entities	679,643	599,101
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	21,200	16,500
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Balance Sheets:
Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated Statements of Cash Flows	167,968	153,582
Inventory	1,060,893	964,962
Loans Receivable, Net	61,539	86,727
Rental Properties	1,454,564	1,496,355
Rental properties under development	914,785	697,659
Other	272,758	227,579
Total assets	3,932,507	3,626,864
Debt, net of deferred financing costs	1,764,604	1,677,619
Accrued Liabilities and Other Liabilities	264,246	248,545
Members' Equity	1,903,657	1,700,700
Total liabilities and stockholders' equity	3,932,507	3,626,864
Investments in unconsolidated entities	$ 679,643	$ 599,101

Investments in Unconsolidate_10

Investments in Unconsolidated Entities (Details 8) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Condensed Statements of Operations and Comprehensive Income:
Income before income taxes	$ 200,816	$ 127,405
Income Tax Expense (Benefit)	48,912	30,906
Net Income (Loss) Attributable to Noncontrolling Interest	(21)	21
Net income	151,904	96,499
Income (loss) from equity method investments	22,037	1,194
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Statements of Operations and Comprehensive Income:
Revenues	155,752	92,530
Cost of Revenue	108,483	96,723
Other Cost and Expense, Operating	43,603	35,390
Costs and Expenses	152,086	132,113
Income before income taxes	3,553	(39,583)
Other Income	33,347	948
Net Income Before Noncontrolling Interest	36,900	(38,635)
Income Tax Expense (Benefit)	83	(1,506)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	36,817	(37,129)
Net Income (Loss) Attributable to Noncontrolling Interest	0	(174)
Net income	36,817	(37,303)
Income (loss) from equity method investments	22,037	$ 1,194
Gain (Loss) on Disposition of Property Plant Equipment	$ 29,900

Investments in Unconsolidate_11

Investments in Unconsolidated Entities (Details Textual) $ in Thousands	3 Months Ended
	Jan. 31, 2022USD ($)joint_ventures	Jan. 31, 2021USD ($)	Oct. 31, 2021USD ($)
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	55
Line of credit facility, maximum borrowing capacity	$ 2,815,981
Proceeds from Equity Method Investment, Distribution	23,502	$ 1,080
Long-term line of credit	1,768,202
Total assets	11,283,879		$ 11,537,850
Rental Joint Ventures, including the Trust [Member] \| Newly Formed Joint Ventures [Member] \| Receivables Prepaids and Other Assets
Schedule of Equity Method Investments [Line Items]
Total assets	$ 60,100
Co-venturer [Member] \| Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	5.00%
Co-venturer [Member] \| Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	14
Land Development Joint Ventures [Member] \| Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	$ 23,800	4,300
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	35
Rental Joint Ventures, including Trusts i and II [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 21,000	5,900
Land sales earnings, net	78,000	57,300
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Other than Temporary Impairment Losses, Investments	$ 0	$ 2,100

Receivables, Prepaid Expenses_3

Receivables, Prepaid Expenses, and Other Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Receivables, prepaid expenses and other assets [Abstract]
Expected recoveries from insurance carriers and others	$ 15,126	$ 16,773
Improvement cost receivable	68,532	67,626
Escrow cash held by our wholly owned title company	51,683	41,429
Property held for rental apartment and commercial development	348,624	381,401
Prepaid expenses	38,574	34,960
Right-of-use asset	98,923	96,276
Other	121,906	99,613
Receivables, prepaid expenses and other assets	$ 743,368	$ 738,078

Receivables, Notes Receivable,

Receivables, Notes Receivable, and Others (Details Textual) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Receivables, prepaid expenses and other assets [Line Items]
Assets	$ 11,283,879	$ 11,537,850
Variable Interest Entity, Primary Beneficiary [Member]
Receivables, prepaid expenses and other assets [Line Items]
Assets	$ 91,800	$ 90,800

Loans Payable, Senior Notes a_3

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Other Loans Payable	$ 495,624	$ 364,042
Loans payable	1,143,248	1,011,534
Senior unsecured term loan [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	650,000	650,000
Deferred Finance Costs, Net	$ (2,376)	$ (2,508)

Loans Payable, Senior Notes a_4

Loans Payable, Senior Notes and Mortgage Company Loan Facility Term Loan Facility (Details Textual 1) $ in Thousands	Jan. 28, 2021USD ($)	Jan. 31, 2022USD ($)	Oct. 31, 2021USD ($)	Jan. 31, 2021USD ($)	Jan. 27, 2021USD ($)	Nov. 30, 2020USD ($)numberOfInterestRateSwaps
Senior unsecured term loan due November 1 2026
Debt Instrument [Line Items]
Repayments of Debt		$ 0
Senior unsecured term loan [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		$ 650,000	$ 650,000
Senior unsecured term loan [Member] \| Interest Rate Swap [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent						$ 400,000
Number of Interest Rate Derivatives Held \| numberOfInterestRateSwaps						5
Derivative, Fixed Interest Rate						0.369%
Fixed interest rate spread						1.05%
Senior unsecured term loan due November 1 2026
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent			$ 548,400		$ 650,000
Debt Instrument, Interest Rate at Period End		1.16%
Senior unsecured term loan due November 1 2025
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent				$ 800,000
Repayments of Debt	$ 150,000
Payment for Debt Extinguishment or Debt Prepayment Cost	$ 0
Senior unsecured term loan due November 1 2025 \| Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		$ 101,600
Guarantor Subsidiaries [Member] \| Toll Brothers
Debt Instrument [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent		100.00%

Loans Payable, Senior Notes a_5

Loans Payable, Senior Notes and Mortgage Company Loan Facility Credit Facility (Details Textual 2) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Feb. 28, 2022	Oct. 31, 2021
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,815,981
Long-term line of credit	1,768,202
Oct 2021 Revolving Credit Facility Extension Agreement
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,905,000		$ 1,780,000
Maximum Permissible Leverage Ratio	175.00%
Minimum Net Worth Required for Compliance	$ 2,090,000
Existing Leverage Ratio	0.44
Tangible Net Worth	$ 5,250,000
Ability to repurchase common stock	4,260,000
Ability to pay dividends	3,160,000
Long-term line of credit	0
Letters of Credit Outstanding, Amount	$ 92,900
Debt Instrument, Interest Rate at Period End	1.31%
Oct 2021 Revolving Credit Facility Extension Agreement \| Subsequent Event [Member]
Line of Credit Facility [Line Items]
Long-term line of credit		$ 200,000

Loans Payable, Senior Notes a_6

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable - Other (Details Textual 3)	Jan. 31, 2022
Loans Payable [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	3.80%

Loans Payable, Senior Notes a_7

Loans Payable, Senior Notes and Mortgage Company Loan Facility Senior Notes Payable (Details Textual 4) $ in Thousands	3 Months Ended
	Jan. 31, 2022USD ($)debtissuances	Jan. 31, 2021USD ($)	Oct. 31, 2021USD ($)
Senior Note Payable (Textual) [Abstract]
Number of issuances of senior debt \| debtissuances	5
Repayments of Senior Debt	$ 409,856	$ 10,020
Senior notes	1,994,544		$ 2,403,989
Senior Notes [Member]
Senior Note Payable (Textual) [Abstract]
Debt Instrument, Face Amount	2,000,000
5.875% Senior Notes Due 2022
Senior Note Payable (Textual) [Abstract]
Senior notes	$ 409,900
Interest rate on notes	5.875%

Loans Payable, Senior Notes a_8

Loans Payable, Senior Notes and Mortgage Company Loan Facility Mortgage Company Loan Facility (Details Textual 5) - USD ($) $ in Thousands	Apr. 02, 2022	Mar. 03, 2022	Mar. 04, 2021	Jan. 31, 2022
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 2,815,981
Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity				75,000
Line of credit facility, maximum borrowing capacity				$ 150,000
Debt Instrument, Maturity Date			Mar. 4, 2021
Debt Instrument, Interest Rate, Effective Percentage				2.50%
Warehouse Agreement Borrowings [Member] \| Subsequent Event [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Maturity Date	Apr. 2, 2022	Mar. 3, 2022
London Interbank Offered Rate (LIBOR) [Member] \| Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.75%	1.90%
London Interbank Offered Rate (LIBOR) [Member] \| Warehouse Agreement Borrowings [Member] \| Interest Rate Floor
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.75%

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020
Accrued expenses
Land, land development and construction	$ 298,390	$ 310,996
Compensation and employee benefits	176,256	232,161
Escrow liability	46,159	36,107
Self-insurance	239,194	236,369
Warranty	143,043	145,062	$ 150,877	$ 157,351
Operating Lease, Liability	$ 119,851	$ 116,248
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses, Total	Accrued expenses, Total
Deferred income	$ 38,515	$ 36,638
Interest	35,762	34,033
Commitments to unconsolidated entities	29,969	22,150
Treasury share purchases accrued	57,699	0
Other	51,587	50,471
Accrued expenses, Total	$ 1,236,425	$ 1,220,235

Accrued Expenses (Detail Textua

Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	42 Months Ended	45 Months Ended
Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	Jan. 31, 2022	Apr. 30, 2020	Jul. 31, 2020	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020	Oct. 31, 2018
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual	$ 143,043			$ 145,062	$ 150,877	$ 157,351
Loss Contingency, Receivable	15,126			16,773
Water intrusion related [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss		$ 324,400					$ 324,400
Standard and Extended Product Warranty Accrual	53,200			54,700
Water intrusion related [Member] \| Warranty Obligations
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	36,200
Other Assets [Member] \| Water intrusion related [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery		$ 152,600	$ 152,600
Loss Contingency, Receivable	4,600			$ 5,800
Other Assets [Member] \| Water intrusion related [Member] \| Warranty Obligations
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery	$ 36,200

Accrued Expenses (Details 1)

Accrued Expenses (Details 1) - USD ($) $ in Thousands	3 Months Ended
Accrued Expenses (Details 1) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Changes in the warranty accrual
Balance, beginning of year	$ 145,062	$ 157,351
Additions - homes closed during the period	9,455	7,402
Charges incurred	(14,431)	(15,070)
Balance, end of year	143,043	150,877
Warranty change, homes closed in prior period, other [Member]
Changes in the warranty accrual
Increase (decrease) to accruals for homes closed in prior years	$ 2,957	$ 1,194

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021	Oct. 31, 2021
Income Taxes (Textual) [Abstract]
Income tax provision	$ 48,912	$ 30,906
Effective Income Tax Rate Reconciliation, Percent	24.40%	24.30%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	5.20%		5.80%
Unrecognized Tax Benefits	$ 5,900

Stock-Based Benefit Plans (Deta

Stock-Based Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense recognized	$ 13,615	$ 12,834
Income tax benefit recognized	$ 3,413	$ 3,289

Stock-Based Benefit Plans (De_2

Stock-Based Benefit Plans (Details Textual) - USD ($) $ in Millions	Jan. 31, 2022	Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized value of unvested stock-based compensation awards	$ 24.4	$ 14.7

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares shares in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Stock Repurchase Program [Abstract]
Number of shares purchased	3,013	4,027
Average price per share	$ 61.65	$ 44.54
Remaining authorization at January 31:	9,550	15,957

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - $ / shares shares in Millions	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021	Mar. 10, 2020	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, dividends, declared and paid (in dollars per share)	$ 0.17	$ 0.11
December 2019 Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, number of shares authorized to be repurchased (in shares)				20
March 2020 Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, number of shares authorized to be repurchased (in shares)			20

Stockholders' Equity (Details 1

Stockholders' Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended
Stockholders' Equity (Details 1) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,109
Other Comprehensive Income (Loss), Net of Tax	4,702	$ 712
Ending balance	5,811	(6,486)
Total AOCI ending balance	5,811	(6,486)
Interest Rate Swap [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	7,133	0
Other Comprehensive Income (Loss), Net of Tax	4,364	378
Ending balance	11,497	378
Gains on derivative instruments	5,748	498
Less: Tax expense	(1,441)	(128)
Net gains on derivative instruments	4,307	370
Gains reclassified from AOCI to net income	76	10
Less: Tax expense	(19)	(2)
Net gains reclassified from AOCI to net income	57	8
Total AOCI ending balance	11,497	378
Defined Benefit Plan, Unfunded Plan [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(6,024)	(7,198)
Gains reclassified from AOCI to net income	451	450
Less: Tax expense	(113)	(116)
Net gains reclassified from AOCI to net income	338	334
Other Comprehensive Income (Loss), Net of Tax	338	334
Ending balance	(5,686)	(6,864)
Total AOCI ending balance	$ (5,686)	$ (6,864)

Earnings Per Share Informatio_2

Earnings Per Share Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Earnings Per Share [Abstract]
Net income as reported	$ 151,904	$ 96,499
Basic weighted-average shares	120,996	126,060
Common stock equivalents	1,862	1,502
Diluted weighted-average shares	122,858	127,562
Debt Instrument [Line Items]
Shares issued under stock incentive and employee stock purchase plans	408	456
Restricted Stock Units RSU And Employee Stock Option Member [Member]
Debt Instrument [Line Items]
Weighted-average number of antidilutive options and restricted stock units	204	589

Fair Value Disclosures (Level 4

Fair Value Disclosures (Level 4 FV of Fin Instr) (Details) - Fair Value, Recurring [Member] - Level 2 [Member] - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Forward Contracts [Member] \| Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	$ 1,948	$ 1,782
Interest Rate Swap [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	16,351	10,330
Assets Held-for-sale [Member] \| Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Loans Held-for-sale, Fair Value Disclosure	137,210	247,211
Interest Rate Lock Commitments [Member] \| Forward Contracts [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	6,509	1,773
Interest Rate Lock Commitments [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability	$ (6,509)	$ (1,773)

Fair Value Disclosures (Level_2

Fair Value Disclosures (Level 4 loan UPB vs FV) (Details 1) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Aggregate unpaid principal and fair value of mortgage loans held for sale
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 137,210	$ 247,211
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Assets Held-for-sale [Member] \| Residential Mortgage [Member]
Aggregate unpaid principal and fair value of mortgage loans held for sale
Aggregate unpaid principal balance	137,051	244,467
Mortgage Loans on Real Estate, Commercial and Consumer, Net	137,210	247,211
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	$ 159	$ 2,744

Fair Value Disclosures (Level_3

Fair Value Disclosures (Level 4 debt fv) (Details 2) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Book value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 3,247,239	$ 3,571,410
Book value [Member] \| Fair Value, Inputs, Level 2 [Member] \| Loans Payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	1,145,624	1,014,042
Book value [Member] \| Fair Value, Inputs, Level 2 [Member] \| Warehouse Agreement Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	101,615	147,512
Book value [Member] \| Fair Value, Inputs, Level 1 [Member] \| Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	2,000,000	2,409,856
Estimate fair value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	3,353,095	3,746,992
Estimate fair value [Member] \| Fair Value, Inputs, Level 2 [Member] \| Loans Payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	1,137,429	1,021,662
Estimate fair value [Member] \| Fair Value, Inputs, Level 2 [Member] \| Warehouse Agreement Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	101,615	147,512
Estimate fair value [Member] \| Fair Value, Inputs, Level 1 [Member] \| Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 2,114,051	$ 2,577,818

Other Income - Net (Details)

Other Income - Net (Details) - USD ($) $ in Thousands	3 Months Ended
Other Income - Net (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Jan. 31, 2021
Other Nonoperating Income By Component [Line Items]
Interest income	$ 1,558	$ 1,455
Income from ancillary businesses	1,960	6,859
Management fee income from Home Building Joint Ventures, net	1,791,081	1,563,376
Other	(1,144)	(1,330)
Total other income - net	3,712	7,101
Revenues and expenses of non-core ancillary businesses
Revenues	27,697	29,101
Expenses	25,737	22,242
Management Fee [Member]
Other Nonoperating Income By Component [Line Items]
Management fee income from Home Building Joint Ventures, net	$ 1,338	$ 117

Other Income - Net (Details Tex

Other Income - Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2022	Jan. 31, 2021
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 1,960	$ 6,859
Apartment living [Member]
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 4,800	$ 4,800

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Company's land purchase commitments
Purchase obligation	$ 4,653,967	$ 4,452,757
Land Purchase Commitment To Unrelated Party [Member]
Company's land purchase commitments
Purchase obligation	4,644,319	4,442,804
Land Purchase Commitment To JV [Member]
Company's land purchase commitments
Purchase obligation	9,648	9,953
Land Parcel Purchase Commitment [Member]
Company's land purchase commitments
Deposits against aggregate purchase commitments	408,873	336,363
Additional cash required to acquire land	4,245,094	4,116,394
Amount of Additional Cash Required to Acquire Land Included in Accrued Expenses	$ 20,690	$ 37,447

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual) $ in Thousands	Jan. 31, 2022USD ($)home_sites	Oct. 31, 2021USD ($)
Long-term Purchase Commitment [Line Items]
Purchase obligation	$ 4,653,967	$ 4,452,757
Minimum [Member] \| Co-venturer [Member]
Long-term Purchase Commitment [Line Items]
Equity Method Investment, Ownership Percentage	5.00%
Land for Apartment Development Purchase Commitment [Member]
Long-term Purchase Commitment [Line Items]
Purchase obligation	$ 165,700
Deposits against aggregate purchase commitments	$ 5,800
Land Development Joint Ventures [Member] \| Commitment To Acquire Home Sites [Member]
Long-term Purchase Commitment [Line Items]
Unrecorded Unconditional Purchase Obligation, Maximum Quantity \| home_sites	6,200

Commitments and Contingencies_4

Commitments and Contingencies (Details Textual 1) $ in Thousands	Jan. 31, 2022USD ($)luxury_homes
Backlog Information [Abstract]
Number of homes to be delivered (in ones) \| luxury_homes	11,302
Aggregate sales value of outstanding homes to be delivered	$ 10,800,000
Oct 2021 Revolving Credit Facility Extension Agreement
Loss Contingencies [Line Items]
Outstanding letter of credit	92,900
Surety Bond Construction Improvements [Member]
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	863,000
Amount of work remains on improvements in the Company's various communities	426,000
Surety Bond Other Obligations [Member]
Loss Contingencies [Line Items]
Additional outstanding surety bonds	241,200
Financial Guarantee
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	$ 26,300

Commitments and Contingencies_5

Commitments and Contingencies (Details 1) - Loan Origination Commitments [Member] - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021
Company's mortgage commitments
Unused Commitments to Extend Credit	$ 3,510,403	$ 3,233,899
Investor commitments to purchase	758,089	772,503
Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	621,537	528,127
Investor commitments to purchase	621,537	528,127
Non Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	2,888,866	2,705,772
Mortgage Receivable [Member]
Company's mortgage commitments
Investor commitments to purchase	$ 136,552	$ 244,376

Information on Segments (Detail

Information on Segments (Details Textual)	3 Months Ended
Information on Segments (Details Textual)	Jan. 31, 2022joint_ventures
Information on Segments [Abstract]
Number of Segments	2
Number of geographic segments	5

Information on Segments (Deta_2

Information on Segments (Details) - USD ($) $ in Thousands	3 Months Ended
Information on Segments (Details) - USD ($) $ in Thousands	Jan. 31, 2022	Oct. 31, 2021	Jan. 31, 2021
Revenues
Revenues	$ 1,791,081		$ 1,563,376
Income (loss) before income taxes
Income before income taxes	200,816		127,405
Total assets
Total assets	11,283,879	$ 11,537,850
Inventory Write-down	2,233		1,267
Proceeds from sale of golf club property	0		79,356
Gain on disposition of assets	0		38,279
Corporate and other [Member]
Revenues
Revenues	(1,427)		269
Income (loss) before income taxes
Income before income taxes	(34,942)		(48,032)
Total assets
Total assets	1,967,590	2,876,730
Traditional Homebuilding [Member]
Revenues
Revenues	1,649,007		1,402,642
Income (loss) before income taxes
Income before income taxes	223,041		142,745
Total assets
Total assets	9,002,197	8,328,148
Inventory Write-down	1,033		167
City Living [Member]
Revenues
Revenues	39,772		7,793
Income (loss) before income taxes
Income before income taxes	12,717		32,692
Total assets
Total assets	314,092	332,972
Inventory Write-down	1,200		1,100
North [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	315,362		312,639
Income (loss) before income taxes
Income before income taxes	31,539		18,882
Total assets
Total assets	1,407,992	1,357,168
Inventory Write-down	325		35
Mid-Atlantic [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	242,877		163,984
Income (loss) before income taxes
Income before income taxes	33,425		18,813
Total assets
Total assets	1,052,923	976,887
Inventory Write-down	441		32
South [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	243,519		216,884
Income (loss) before income taxes
Income before income taxes	22,532		21,483
Total assets
Total assets	1,662,383	1,421,612
Inventory Write-down	143		25
Mountain [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	462,300		377,977
Income (loss) before income taxes
Income before income taxes	71,011		36,013
Total assets
Total assets	2,624,647	2,397,484
Inventory Write-down	102		9
Pacific [Member]
Income (loss) before income taxes
Income before income taxes			47,554
Pacific [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	384,949		331,158
Income (loss) before income taxes
Income before income taxes	64,534
Total assets
Total assets	2,254,252	2,174,997
Inventory Write-down	22		66
Home Building [Member]
Revenues
Revenues	1,687,352		1,410,704
Land [Member]
Revenues
Revenues	$ 103,729		$ 152,672
Land [Member] \| City Living [Member]
Total assets
Proceeds from sale of golf club property		82,400
Gain on disposition of assets		$ 38,300

Uncategorized Items - tol-20220

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]