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Operating and Reporting Segments (Disclosure Of Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Aug. 31, 2021
Nov. 30, 2020
Segment Reporting Information [Line Items]    
Cash and cash equivalents $ 2,779,141 $ 2,863,038
Restricted cash 32,849 69,692
Receivables, net 874,508 938,079
Inventories 19,457,696 17,175,148
Loans held-for-sale 1,254,589 1,490,105
Investments in equity securities 1,149,520 68,771
Investments available-for-sale 41,695 53,497
Loans and Leases Receivable, Net Amount 61,283 72,626
Debt Securities, Held-to-maturity 161,532 164,230
Investments in unconsolidated entities 2,053,701 2,064,921
Goodwill 3,632,058 3,632,058
Other assets 1,245,618 1,343,012
Total assets [1] 32,744,190 29,935,177
Senior notes and other debts payable, net 6,650,866 7,421,583
Other liabilities 5,313,785 4,414,193
Total liabilities [2] 11,964,651 11,835,776
Equity securities without readily determinable fair values 63,900 61,600
Homebuilding    
Segment Reporting Information [Line Items]    
Cash and cash equivalents [1] 2,623,320 2,703,986
Restricted cash [1] 21,519 15,211
Receivables, net [1] 369,492 298,671
Inventories [1] 19,105,943 16,925,228
Loans held-for-sale 0 0
Investments in equity securities 0 0
Investments available-for-sale 0 0
Loans and Leases Receivable, Net Amount 0 0
Debt Securities, Held-to-maturity 0 0
Investments in unconsolidated entities [1] 983,429 953,177
Goodwill [1] 3,442,359 3,442,359
Other assets [1] 1,034,691 1,190,793
Total assets [1] 27,580,753 25,529,425
Senior notes and other debts payable, net [2] 5,542,513 5,955,758
Other liabilities 4,788,988 3,969,893
Total liabilities [2] 10,331,501 9,925,651
Financial Services    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 137,021 116,171
Restricted cash 11,330 54,481
Receivables, net 408,367 552,779
Inventories 0 0
Loans held-for-sale 1,254,589 1,490,105
Investments in equity securities 0 0
Investments available-for-sale 0 0
Loans and Leases Receivable, Net Amount 61,283 72,626
Debt Securities, Held-to-maturity 161,532 164,230
Investments in unconsolidated entities 0 0
Goodwill 189,699 189,699
Other assets 59,052 68,027
Total assets [1] 2,282,873 2,708,118
Senior notes and other debts payable, net 1,106,447 1,463,919
Other liabilities 165,771 180,329
Total liabilities [2] 1,272,218 1,644,248
Multifamily    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 15,302 38,963
Restricted cash 0 0
Receivables, net 96,649 86,629
Inventories 351,753 249,920
Loans held-for-sale 0 0
Investments in equity securities 0 0
Investments available-for-sale 0 0
Loans and Leases Receivable, Net Amount 0 0
Debt Securities, Held-to-maturity 0 0
Investments in unconsolidated entities 682,819 724,647
Goodwill 0 0
Other assets 80,169 75,749
Total assets [1] 1,226,692 1,175,908
Senior notes and other debts payable, net 0 0
Other liabilities 259,145 252,911
Total liabilities [2] 259,145 252,911
Lennar Other    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 3,498 3,918
Restricted cash 0 0
Receivables, net 0 0
Inventories 0 0
Loans held-for-sale 0 0
Investments in equity securities 1,149,520 68,771
Investments available-for-sale 41,695 53,497
Loans and Leases Receivable, Net Amount 0 0
Debt Securities, Held-to-maturity 0 0
Investments in unconsolidated entities 387,453 387,097
Goodwill 0 0
Other assets 71,706 8,443
Total assets [1] 1,653,872 521,726
Senior notes and other debts payable, net 1,906 1,906
Other liabilities 99,881 11,060
Total liabilities [2] $ 101,787 $ 12,966
[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 August 31, 2021, total assets include $1.0 billion related to consolidated VIEs of which $61.1 million is included in Homebuilding cash and cash equivalents, $4.4 million in Homebuilding receivables, net, $14.3 million in Homebuilding finished homes and construction in progress, $623.9 million in Homebuilding land and land under development, $284.7 million in Homebuilding consolidated inventory not owned, $1.3 million in Homebuilding investments in unconsolidated entities, $17.1 million in Homebuilding other assets and $17.7 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 August 31, 2021, total liabilities include $320.6 million related to consolidated VIEs as to which there was no recourse against the Company, of which $25.4 million is included in Homebuilding accounts payable, $232.8 million in Homebuilding liabilities related to consolidated inventory not owned, $50.0 million in Homebuilding senior notes and other debts payable and $12.5 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.