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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Nov. 30, 2023 | Nov. 30, 2022
--- | --- | ---
Total assets | [1] | $ 39,234,303 | $ 37,984,295
Total liabilities | [2] | 12,532,337 | 13,743,928
Variable Interest Entity, Primary Beneficiary |  |  |
Total assets |  | 1,900,000 | 1,400,000
Total liabilities |  | $ 1,200,000 | $ 620,400
Class A Common Stock |  |  |
Common stock, par value (in USD per share) |  | $ 0.10 | $ 0.10
Common stock, shares authorized (in shares) |  | 400,000,000 | 400,000,000
Common stock, shares issued (in shares) |  | 258,475,012 | 256,084,147
Treasury stock, shares (in shares) |  | 11,207,889 | 2,455,387
Class B Common Stock |  |  |
Common stock, par value (in USD per share) |  | $ 0.10 | $ 0.10
Common stock, shares authorized (in shares) |  | 90,000,000 | 90,000,000
Common stock, shares issued (in shares) |  | 36,601,215 | 36,601,215
Treasury stock, shares (in shares) |  | 2,920,200 | 419,860
Homebuilding |  |  |
Total assets | [1] | $ 33,628,392 | $ 32,684,162
Cash and cash equivalents | [1] | 6,273,724 | 4,616,124
Receivables, net | [1] | 887,992 | 673,980
Finished homes and construction in progress | [1] | 10,455,666 | 11,718,507
Land and land under development | [1] | 4,904,541 | 5,648,548
Consolidated inventory not owned | [1] | 2,992,528 | 2,331,231
Investments in unconsolidated entities | [1] | 1,143,909 | 1,173,164
Other assets | [1] | 1,512,038 | 1,323,478
Total liabilities | [2] | 9,727,994 | 10,978,646
Accounts payable | [2] | 1,631,401 | 1,616,128
Senior notes and other debts payable, net | [2] | 2,816,482 | 4,047,294
Liabilities related to consolidated inventory not owned | [2] | 2,540,894 | 1,967,551
Other liabilities | [2] | 2,739,217 | 3,347,673
Homebuilding | Variable Interest Entity, Primary Beneficiary |  |  |
Cash and cash equivalents |  | 22,800 | 56,900
Receivables, net |  | 1,800 | 300
Finished homes and construction in progress |  | 18,300 | 29,400
Land and land under development |  | 628,000 | 687,800
Inventory, Real Estate, Homebuilding deposits and pre-acquisition costs |  | 55,000 | 48,700
Consolidated inventory not owned |  | 1,200,000 | 533,800
Investments in unconsolidated entities |  | 300 | 1,000
Other assets |  | 23,000 | 23,000
Accounts payable |  | 53,700 | 66,900
Senior notes and other debts payable, net |  |  | 29,400
Liabilities related to consolidated inventory not owned |  | 1,100,000 | 510,900
Other liabilities |  | 38,100 | 7,200
Lennar Other |  |  |
Total assets | [1] | 657,852 | 788,539
Total liabilities | [2] | 79,127 | 97,894
Multifamily |  |  |
Total assets | [1] | 1,381,513 | 1,257,337
Total liabilities | [2] | 278,177 | 313,484
Multifamily | Variable Interest Entity, Primary Beneficiary |  |  |
Total assets |  | 32,600 | 33,200
Total liabilities |  | $ 4,100 | $ 3,800
[1] | Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations, ("ASC 810") the Company is required to separately disclose on its consolidated balance sheets the assets of consolidated variable interest entities ("VIEs") that are owned by the consolidated VIEs and liabilities of consolidated VIEs as to which there is no recourse against the Company. As of November 30, 2023, total assets include $1.9 billion related to consolidated VIEs of which $22.8 million is included in Homebuilding cash and cash equivalents, $1.8 million in Homebuilding receivables, net, $18.3 million in Homebuilding finished homes and construction in progress, $628.0 million in Homebuilding land and land under development, $55.0 million in Homebuilding deposits and pre-acquisition costs on real estate, $1.2 billion in Homebuilding consolidated inventory not owned, $0.3 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets and $32.6 million in Multifamily assets. As of November 30, 2022, total assets include $1.4 billion related to consolidated VIEs of which $56.9 million is included in Homebuilding cash and cash equivalents, $0.3 million in Homebuilding receivables, net, $29.4 million in Homebuilding finished homes and construction in progress, $687.8 million in Homebuilding land and land under development, $48.7 million in Homebuilding deposits and pre-acquisition costs on real estate, $533.8 million in Homebuilding consolidated inventory not owned, $1.0 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets, $33.2 million in Multifamily assets and $9.0 million in Lennar Other assets.
[2] | As of November 30, 2023, total liabilities include $1.2 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $53.7 million is included in Homebuilding accounts payable, $1.1 billion in Homebuilding liabilities related to consolidated inventory not owned, $38.1 million in Homebuilding other liabilities and $4.1 million in Multifamily liabilities. As of November 30, 2022, total liabilities include $620.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $66.9 million is included in Homebuilding accounts payable, $510.9 million in Homebuilding liabilities related to consolidated inventory not owned, $29.4 million in Homebuilding senior notes and other debts payable, $7.2 million in Homebuilding other liabilities, $3.8 million in Multifamily liabilities and $2.2 million in Lennar Other liabilities.

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