XML 44 R29.htm IDEA: XBRL DOCUMENT v3.23.4
Summary of Significant Accounting Policies (Narrative) (Details)
 12 Months Ended
Nov. 30, 2023
USD ($)
vote
communities
$ / shares
shares
Nov. 30, 2022
USD ($)
communities
$ / shares
shares
Nov. 30, 2021
USD ($)
$ / shares
shares
Mar. 31, 2022
USD ($)
shares
Segment Reporting Information [Line Items]        
Advertising costs $ 146,000,000 $ 102,100,000 $ 74,200,000  
Cash held in escrow $ 594,800,000 $ 1,000,000,000    
Escrow deposit period 2 days 2 days    
Number of active communities | communities 1,255 1,200    
Land under Purchase Options, Deposit $ 1,900,000,000      
Held-to-maturity securities, term 3 years      
Deferred tax assets after valuation allowance $ 702,440,000 $ 720,063,000    
Deferred tax assets, valuation allowance 2,333,000 2,903,000    
Self-insurance reserve 245,800,000 210,100,000    
Authorized amount under stock repurchase program       $ 2,000,000,000
Originally authorized shares under the stock repurchase program (in shares) | shares       30,000,000
Compensation expense 53,400,000 37,500,000 $ 29,400,000  
Right-of-use assets 145,812,000      
Operating lease liability 154,271,000      
Net deferred tax assets 326,478,000 242,408,000    
Impairment of long lived assets $ 36,800,000      
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration] Nonoperating Income (Expense)      
Stock Repurchase Program, Number of Additonal Shares Authorized to be Repurchased | shares 5,000,000,000      
Variable Interest Entity, Not Primary Beneficiary Including Third Parties        
Segment Reporting Information [Line Items]        
Increase in consolidated inventory not owned $ 661,300,000      
Operating Segments        
Segment Reporting Information [Line Items]        
Available-for-sale securities 37,953,000 35,482,000    
Held-to-maturity securities 140,676,000 143,251,000    
Investments in equity securities $ 297,243,000 $ 391,026,000    
Executive Chairman        
Segment Reporting Information [Line Items]        
Voting power 36.00%      
Preferred Stock        
Segment Reporting Information [Line Items]        
Preferred stock, shares authorized (in shares) | shares 500,000      
Preferred stock, par value (in usd per share) | $ / shares $ 10      
Participating Preferred Stock        
Segment Reporting Information [Line Items]        
Preferred stock, shares authorized (in shares) | shares 100,000,000      
Preferred stock, par value (in usd per share) | $ / shares $ 0.10      
Preferred stock, shares issued (in shares) | shares 0      
Class A Common Stock        
Segment Reporting Information [Line Items]        
Cash dividends (in USD per share) | $ / shares $ 1.50 $ 1.50 $ 1.00  
Votes per share | vote 1      
Class B Common Stock        
Segment Reporting Information [Line Items]        
Cash dividends (in USD per share) | $ / shares $ 1.50 $ 1.50 $ 1.00  
Votes per share | vote 10      
Financial Services        
Segment Reporting Information [Line Items]        
Net deferred tax assets $ 36,821,000 $ 15,376,000    
Financial Services | Operating Segments        
Segment Reporting Information [Line Items]        
Available-for-sale securities 0 0    
Held-to-maturity securities 140,676,000 143,251,000    
Investments in equity securities 0 0    
Lennar Other        
Segment Reporting Information [Line Items]        
Available-for-sale securities 38,000,000 35,500,000    
Net deferred tax assets 70,954,000 46,214,000    
Lennar Other | Operating Segments        
Segment Reporting Information [Line Items]        
Available-for-sale securities 37,953,000 35,482,000    
Held-to-maturity securities 0 0    
Investments in equity securities 297,243,000 391,026,000    
Homebuilding        
Segment Reporting Information [Line Items]        
Sales incentive, amount per home $ 42,900 $ 17,300 $ 9,000  
Sales incentive, amount per home, percentage 8.80% 3.50% 2.10%  
Inventory write-down $ 19,900,000 $ 47,900,000    
Interest incurred 187,600,000 230,800,000 $ 275,100,000  
Interest capitalized 172,000,000 211,700,000 $ 254,900,000  
Net deferred tax assets 163,917,000 154,143,000    
Homebuilding | Operating Segments        
Segment Reporting Information [Line Items]        
Available-for-sale securities 0 0    
Held-to-maturity securities 0 0    
Investments in equity securities $ 0 $ 0    
Stock Option Awards        
Segment Reporting Information [Line Items]        
Expiration period 10 years      
Nonvested shares        
Segment Reporting Information [Line Items]        
Unrecognized compensation expense related to unvested share-based awards granted $ 112,500,000      
Weighted average remaining contractual life of unrecognized compensation expense related to unvested share-based awards 1 year 9 months 18 days      
Nonvested shares vested (in shares) | shares 2,035,786 1,600,000 1,800,000  
Discount rate | Valuation Technique, Discounted Cash Flow        
Segment Reporting Information [Line Items]        
Communities, unobservable inputs 0.15      
Discount rate | Minimum        
Segment Reporting Information [Line Items]        
Communities, unobservable inputs 0.10      
Discount rate | Maximum        
Segment Reporting Information [Line Items]        
Communities, unobservable inputs 0.20      
Operating properties        
Segment Reporting Information [Line Items]        
Estimated useful life 30 years      
Furniture, fixtures and equipment | Minimum        
Segment Reporting Information [Line Items]        
Estimated useful life 2 years      
Furniture, fixtures and equipment | Maximum        
Segment Reporting Information [Line Items]        
Estimated useful life 10 years      
Leasehold improvements        
Segment Reporting Information [Line Items]        
Estimated useful life 5 years