XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Fair Value Disclosures (Tables) | 9 Months Ended
--- | ---
Jul. 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 hierarchy |  | July 31, 2022 |  | October 31, 2021
Residential Mortgage Loans Held for Sale |  | Level 2 |  | $ | 121,218 |  |  | $ | 247,211 |
Forward Loan Commitments — Residential Mortgage Loans Held for Sale |  | Level 2 |  | $ | 1,464 |  |  | $ | 1,782 |
Interest Rate Lock Commitments (“IRLCs”) |  | Level 2 |  | $ | (3,207) |  |  | $ | (1,773) |
Forward Loan Commitments — IRLCs |  | Level 2 |  | $ | 3,207 |  |  | $ | 1,773 |
Interest Rate Swap Contracts |  | Level 2 |  | $ | 29,128 |  |  | $ | 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 principal balance |  | Fair value |  | Fair value greater (less) than principal balance
At July 31, 2022 | $ | 121,494 |  |  | $ | 121,218 |  |  | $ | (276) |
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):
|  |  | July 31, 2022 |  | October 31, 2021
| Fair value hierarchy |  | Book value |  | Estimated fair value |  | Book value |  | Estimated fair value
Loans payable (1) | Level 2 |  | $ | 1,202,290 |  |  | $ | 1,195,745 |  |  | $ | 1,014,042 |  |  | $ | 1,021,662 |
Senior notes (2) | Level 1 |  | 2,000,000 |  |  | 1,942,321 |  |  | 2,409,856 |  |  | 2,577,818 |
Mortgage company loan facility (3) | Level 2 |  | 113,705 |  |  | 113,705 |  |  | 147,512 |  |  | 147,512 |
|  |  | $ | 3,315,995 |  |  | $ | 3,251,771 |  |  | $ | 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.

X
- Definition Aggregate unpaid principal and fair value of mortgage loans held for sale. + References No definition available. + Details
Name: | tol_AggregateUnpaidPrincipalAndFairValueOfMortgageLoansHeldForSaleTableTextBlock
Namespace Prefix: | tol_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration