XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.25.2

Inventory (Tables) | 9 Months Ended
--- | ---
Jul. 31, 2025
Inventory Disclosure [Abstract] |
Schedule of Inventory | Major components of inventory at July 31, 2025 and October 31, 2024 were (amounts in thousands):
| July 31, 2025 |  | October 31, 2024
Land deposits and costs of future communities | $ | 866,503 |  |  | $ | 620,040 |
Land and land development costs | 2,982,669 |  |  | 2,532,221 |
Land and land development costs associated with homes under construction | 3,828,611 |  |  | 3,617,266 |
Total land and land development costs | 7,677,783 |  |  | 6,769,527 |
Homes under construction | 2,851,445 |  |  | 2,458,541 |
Model homes (1) | 542,321 |  |  | 484,857 |
| $ | 11,071,549 |  |  | $ | 9,712,925 |
(1) Includes the allocated land and land development costs associated with each of our model homes in operation. The following table provides a summary of the composition of our inventory based on community status at July 31, 2025 and October 31, 2024 (amounts in thousands):
| July 31, 2025 |  | October 31, 2024
Land controlled for future communities | $ | 275,929 |  |  | $ | 200,166 |
Land owned for future communities | 422,007 |  |  | 353,030 |
Operating communities | 10,373,613 |  |  | 9,159,729 |
| $ | 11,071,549 |  |  | $ | 9,712,925 |
Schedule of Inventory Impairment Charges | The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable, included in home sales cost of revenues, are shown in the table below (amounts in thousands):
| Three months ended July 31, |  | Nine months ended July 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Land controlled for future communities | $ | 15,815 |  |  | $ | 1,759 |  |  | $ | 21,446 |  |  | $ | 4,518 |
Operating communities | 7,500 |  |  | 3,700 |  |  | 28,085 |  |  | 30,840 |
| $ | 23,315 |  |  | $ | 5,459 |  |  | $ | 49,531 |  |  | $ | 35,358 |
Schedule of Interest Incurred, Capitalized and Expensed | Interest incurred, capitalized, and expensed, for the periods indicated, were as follows (amounts in thousands):
| Three months ended July 31, |  | Nine months ended July 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Interest capitalized, beginning of period | $ | 196,023 |  |  | $ | 193,478 |  |  | $ | 179,797 |  |  | $ | 190,550 |
Interest incurred | 31,379 |  |  | 33,579 |  |  | 101,235 |  |  | 100,018 |
Interest expensed to home sales cost of revenues | (30,163) |  |  | (32,803) |  |  | (80,550) |  |  | (91,121) |
Interest expensed to land sales and other cost of revenues | (1,712) |  |  | (802) |  |  | (2,351) |  |  | (1,821) |
Interest capitalized on investments in unconsolidated entities | (1,369) |  |  | (2,027) |  |  | (4,653) |  |  | (6,734) |
Previously capitalized interest on investments in unconsolidated entities transferred to inventory | 649 |  |  | 296 |  |  | 1,329 |  |  | 829 |
Interest capitalized, end of period | $ | 194,807 |  |  | $ | 191,721 |  |  | $ | 194,807 |  |  | $ | 191,721 |

X
- Definition Interest incurred, capitalized and expensed. + References No definition available. + Details
Name: | tol_InterestIncurredCapitalizedAndExpensedTableTextBlock
Namespace Prefix: | tol_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Inventory impairment charges and expensing of costs that it is believed not to be recoverable. + References No definition available. + Details
Name: | tol_InventoryImpairmentChargesAndExpensingOfCostsThatItIsBelievedNotToBeRecoverableTableTextBlock
Namespace Prefix: | tol_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483489/210-10-50-1 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration