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Stockholders' Equity
 9 Months Ended
Aug. 31, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The following tables reflect the changes in equity attributable to both Lennar Corporation and the noncontrolling interests of its consolidated subsidiaries in which it has less than a 100% ownership interest for the three and nine months ended August 31, 2023 and 2022:
Three Months Ended August 31, 2023
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at May 31, 2023$25,161,119 25,843 3,660 5,546,128 (675,686)3,832 20,111,368 145,974 
Net earnings (including net earnings attributable to noncontrolling interests)1,116,952 — — — — — 1,108,996 7,956 
Employee stock and directors plans
(8,552)1 — (620)(7,933)— — — 
Purchases of treasury stock(368,381)— — — (368,381)— — — 
Amortization of restricted stock
12,885 — — 12,885 — — — — 
Cash dividends(107,082)— — — — — (107,082)— 
Receipts related to noncontrolling interests
1,391 — — — — — — 1,391 
Payments related to noncontrolling interests
(22,795)— — — — — — (22,795)
Non-cash purchase or activity of noncontrolling interests, net2,797 — — 3,400 — — — (603)
Total other comprehensive income, net of tax208 — — — — 208 — — 
Balance at August 31, 2023$25,788,542 25,844 3,660 5,561,793 (1,052,000)4,040 21,113,282 131,923 
Three Months Ended August 31, 2022
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at May 31, 2022$21,789,774 25,582 3,660 5,355,182 (76,615)1,748 16,288,698 191,519 
Net earnings (including net earnings attributable to noncontrolling interests)1,472,694 — — — — — 1,467,344 5,350 
Employee stock and directors plans
(13,106)— — 39 (13,145)— — — 
Amortization of restricted stock
38,200 — — 38,200 — — — — 
Cash dividends(108,749)— — — — — (108,749)— 
Receipts related to noncontrolling interests
11,965 — — — — — — 11,965 
Payments related to noncontrolling interests
(19,577)— — — — — — (19,577)
Non-cash purchase or activity of noncontrolling interests, net(44,005)— — (5,008)— — — (38,997)
Total other comprehensive income, net of tax342 — — — — 342 — — 
Balance at August 31, 2022$23,127,538 25,582 3,660 5,388,413 (89,760)2,090 17,647,293 150,260 
Nine Months Ended August 31, 2023
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at November 30, 2022$24,240,367 25,608 3,660 5,417,796 (210,389)2,408 18,861,417 139,867 
Net earnings (including net earnings attributable to noncontrolling interests)2,594,002 — — — — — 2,577,224 16,778 
Employee stock and directors plans
(71,313)236 — 822 (72,371)— — — 
Purchases of treasury stock(769,240)— — — (769,240)— — — 
Amortization of restricted stock
139,616 — — 139,616 — — — — 
Cash dividends(325,359)— — — — — — (325,359)— 
Receipts related to noncontrolling interests
6,309 — — — — — — 6,309 
Payments related to noncontrolling interests
(43,418)— — — — — — (43,418)
Non-cash purchase or activity of noncontrolling interests, net15,946 — — 3,559 — — — 12,387 
Total other comprehensive income, net of tax1,632 — — — — 1,632 — — 
Balance at August 31, 2023$25,788,542 25,844 3,660 5,561,793 (1,052,000)4,040 21,113,282 131,923 
Nine Months Ended August 31, 2022
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive Income (loss)Retained
Earnings		Noncontrolling
Interests
Balance at November 30, 2021$20,996,282 30,050 3,944 8,807,891 (2,709,448)(1,341)14,685,329 179,857 
Net earnings (including net earnings attributable to noncontrolling interests)3,304,567 — — — — — 3,291,681 12,886 
Employee stock and directors plans
(70,525)199 — 893 (71,617)— — — 
Retirement of treasury stock— (4,667)(284)(3,533,425)3,538,376 — — — 
Purchases of treasury stock(847,071)— — — (847,071)— — — 
Amortization of restricted stock
154,710 — — 154,710 — — — — 
Cash dividends(329,717)— — — — — — (329,717)— 
Receipts related to noncontrolling interests
30,060 — — — — — — 30,060 
Payments related to noncontrolling interests
(85,098)— — — — — — (85,098)
Non-cash purchase or activity of noncontrolling interests, net(29,101)— — (41,656)— — — 12,555 
Total other comprehensive loss, net of tax3,431 — — — — 3,431 — — 
Balance at August 31, 2022$23,127,538 25,582 3,660 5,388,413 (89,760)2,090 17,647,293 150,260 
On September 27, 2023, the Company's Board of Directors declared a quarterly cash dividend of $0.375 per share on both its Class A and Class B common stock, payable on October 26, 2023 to holders of record at the close of business on October 12, 2023. On July 21, 2023, the Company paid a cash dividend of $0.375 per share on both of its Class A and Class B common stock to holders of record at the close of business on July 7, 2023, as declared by its Board of Directors on June 22, 2023. The Company approved and paid cash dividends of $0.375 per share for each of the four quarters of 2022 on both its Class A and Class B common stock.
In March 2022, the Company's Board of Directors approved an authorization for the Company to repurchase up to the lesser of $2 billion in value, or 30 million in shares, of its outstanding Class A or Class B common stock. The repurchase authorization has no expiration date. The authorization was in addition to what was remaining of the October 2021 stock repurchase program. The following table sets forth the repurchases of the Company's Class A and Class B common stock under the authorized repurchase programs:
Three Months EndedNine Months Ended
August 31,August 31
2023202220232022
(Dollars in thousands, except price per share)Class AClass BClass AClass BClass AClass BClass AClass B
Shares repurchased2,305,300 694,700 — — 5,021,186 1,978,814 8,246,000 1,122,000 
Total purchase price$287,024 $78,855 $— $— $568,892 $193,970 $762,282 $84,601 
Average price per share$124.51 $113.51 $— $— $113.30 $98.02 $92.44 $75.40