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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | May 31, 2021 | Nov. 30, 2020
--- | --- | ---
Total assets | [1] | $ 31,223,227 | $ 29,935,177
Cash and cash equivalents |  | 2,737,580 | 2,863,038
Restricted cash |  | 45,365 | 69,692
Receivables, net |  | 887,829 | 938,079
Investments in unconsolidated entities |  | 2,080,822 | 2,064,921
Other assets |  | 1,261,221 | 1,343,012
Total liabilities | [2] | 11,521,129 | 11,835,776
Senior notes and other debts payable, net |  | $ 6,824,433 | $ 7,421,583
Common Class A |  |  |
Common stock, par value (in dollars per share) |  | $ 0.10 | $ 0.10
Common stock, shares authorized |  | 400,000,000 | 400,000,000
Common stock, shares issued |  | 300,486,193 | 298,942,836
Treasury stock, shares |  | 25,791,364 | 23,864,589
Common Class B |  |  |
Common stock, par value (in dollars per share) |  | $ 0.10 | $ 0.10
Common stock, shares authorized |  | 90,000,000 | 90,000,000
Common stock, shares issued |  | 39,443,168 | 39,443,168
Treasury stock, shares |  | 1,822,016 | 1,822,016
Homebuilding |  |  |
Total assets | [1] | $ 26,873,425 | $ 25,529,425
Cash and cash equivalents | [1] | 2,581,583 | 2,703,986
Restricted cash | [1] | 35,637 | 15,211
Receivables, net | [1] | 353,910 | 298,671
Finished homes and construction in progress | [1] | 10,418,116 | 8,593,399
Land and land under development | [1] | 7,090,880 | 7,495,262
Consolidated inventory not owned | [1] | 910,003 | 836,567
Investments in unconsolidated entities | [1] | 1,010,256 | 953,177
Other assets | [1] | 1,030,681 | 1,190,793
Total liabilities | [2] | 10,116,433 | 9,925,651
Accounts payable | [2] | 1,171,358 | 1,037,338
Liabilities related to consolidated inventory not owned | [2] | 769,225 | 706,691
Senior notes and other debts payable, net | [2] | 5,894,342 | 5,955,758
Other liabilities | [2] | 2,281,508 | 2,225,864
Multifamily |  |  |
Total assets | [1] | 1,209,270 | 1,175,908
Cash and cash equivalents |  | 22,395 | 38,963
Restricted cash |  | 0 | 0
Receivables, net |  | 111,802 | 86,629
Investments in unconsolidated entities |  | 691,330 | 724,647
Other assets |  | 66,983 | 75,749
Total liabilities | [2] | 255,327 | 252,911
Senior notes and other debts payable, net |  | 0 | 0
Variable Interest Entity, Primary Beneficiary |  |  |
Total assets |  | 940,600 | 1,100,000
Total liabilities |  | 340,100 | 528,500
Variable Interest Entity, Primary Beneficiary | Homebuilding |  |  |
Cash and cash equivalents |  | 39,000 | 32,100
Restricted cash |  | 15,300 |
Receivables, net |  |  | 100
Finished homes and construction in progress |  | 14,300 | 14,200
Land and land under development |  | 564,700 | 486,800
Consolidated inventory not owned |  | 260,600 | 426,300
Investments in unconsolidated entities |  | 1,300 | 1,600
Other assets |  | 27,200 | 120,600
Accounts payable |  | 24,400 | 28,400
Liabilities related to consolidated inventory not owned |  | 218,900 | 351,400
Senior notes and other debts payable, net |  | 85,700 | 129,100
Other liabilities |  | 11,100 | 9,900
Variable Interest Entity, Primary Beneficiary | Multifamily |  |  |
Total assets |  | $ 17,800 | 39,900
Total liabilities |  |  | $ 9,800
[1] | Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations ("ASC 810"), the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities ("VIEs") and liabilities of consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations. As of May 31, 2021, total assets include $940.6 million related to consolidated VIEs of which $39.0 million is included in Homebuilding cash and cash equivalents, $15.3 million in Homebuilding restricted cash, $14.3 million in Homebuilding finished homes and construction in progress, $564.7 million in Homebuilding land and land under development, $260.6 million in Homebuilding consolidated inventory not owned, $1.3 million in Homebuilding investments in unconsolidated entities, $27.2 million in Homebuilding other assets and $17.8 million in Multifamily assets. As of November 30, 2020, total assets include $1.1 billion related to consolidated VIEs of which $32.1 million is included in Homebuilding cash and cash equivalents, $0.1 million in Homebuilding receivables, net, $14.2 million in Homebuilding finished homes and construction in progress, $486.8 million in Homebuilding land and land under development, $426.3 million in Homebuilding consolidated inventory not owned, $1.6 million in Homebuilding investments in unconsolidated entities, $120.6 million in Homebuilding other assets and $39.9 million in Multifamily assets.
[2] | Under certain provisions of ASC 810, the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated VIEs and liabilities of consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations. As of May 31, 2021, total liabilities include $340.1 million related to consolidated VIEs as to which there was no recourse against the Company, of which $24.4 million is included in Homebuilding accounts payable, $218.9 million in Homebuilding liabilities related to consolidated inventory not owned, $85.7 million in Homebuilding senior notes and other debts payable and $11.1 million in Homebuilding other liabilities. As of November 30, 2020, total liabilities include $528.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $28.4 million is included in Homebuilding accounts payable, $351.4 million in Homebuilding liabilities related to consolidated inventory not owned, $129.1 million in Homebuilding senior notes and other debt payable, $9.9 million in Homebuilding other liabilities and $9.8 million in Multifamily liabilities.

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