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Homebuilding Senior Notes and Other Debts Payable (Tables) | 6 Months Ended
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May 31, 2022
Debt Disclosure [Abstract] |
Schedule of Senior Notes and Other Debts Payable |
(Dollars in thousands) | May 31, 2022 |  | November 30, 2021
4.75% senior notes due 2022 | $ | 574,503 |  |  | 573,840 |
4.875% senior notes due December 2023 | 398,769 |  |  | 398,345 |
4.50% senior notes due 2024 | 648,613 |  |  | 648,253 |
5.875% senior notes due 2024 | 436,463 |  |  | 438,810 |
4.75% senior notes due 2025 | 498,670 |  |  | 498,446 |
5.25% senior notes due 2026 | 404,865 |  |  | 405,497 |
5.00% senior notes due 2027 | 351,933 |  |  | 352,124 |
4.75% senior notes due 2027 | 895,884 |  |  | 895,510 |
Mortgage notes on land and other debt | 436,091 |  |  | 441,513 |
| $ | 4,645,791 |  |  | 4,652,338 |
Schedule of Letter of Credit Facilities | At May 31, 2022, the Financial Services warehouse facilities were all 364-day repurchase facilities and were used to fund residential mortgages or commercial mortgages for LMF Commercial as follows:
(In thousands) | Maximum Aggregate Commitment
Residential facilities maturing: |
July 2022 | $ | 400,000 |
October 2022 | 200,000 |
December 2022 | 700,000 |
May 2023 | 200,000 |
Total - Residential facilities | $ | 1,500,000 |
LMF Commercial facilities maturing |
November 2022 | $ | 100,000 |
December 2022 | 400,000 |
July 2023 | 50,000 |
Total - LMF Commercial facilities | $ | 550,000 |
Total | $ | 2,050,000 |
Borrowings and collateral under the facilities and their prior year predecessors were as follows:
(In thousands) | May 31, 2022 |  | November 30, 2021
Borrowings under the residential facilities | $ | 1,112,431 |  |  | 1,482,258 |
Collateral under the residential facilities | 1,161,654 |  |  | 1,539,641 |
Borrowings under the LMF Commercial facilities | 63,902 |  |  | 96,294 |
The Company's outstanding performance letters of credit and surety bonds are described below:
(In thousands) |  | May 31, 2022 |  | November 30, 2021
Performance letters of credit |  | $ | 1,035,057 |  |  | 924,584 |
Financial letters of credit |  | 580,342 |  |  | 425,843 |
Surety bonds |  | 3,844,507 |  |  | 3,553,047 |
Anticipated future costs primarily for site improvements related to performance surety bonds |  | 1,981,973 |  |  | 1,690,861 |

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