XML 73 R58.htm IDEA: XBRL DOCUMENT v3.23.4
Homebuilding Senior Notes And Other Debts Payable (Narrative) (Details) - USD ($)
1 Months Ended 12 Months Ended
Aug. 31, 2023
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2021
Debt Instrument [Line Items]        
Mortgages notes on land and other debt retired   $ 105,118,000 $ 48,079,000 $ 195,212,000
Gain on the extinguishment of debt, gross   9,611,000 0 2,204,000
Repayment/ repurchase of senior debt   1,121,133,000 575,000,000 $ 1,159,851,000
Homebuilding        
Debt Instrument [Line Items]        
Senior notes and other debts payable, net [1]   2,816,482,000 4,047,294,000  
Minimum required guarantee of debt by subsidiaries to be a guarantor   $ 75,000,000    
Interest rate   7.50%    
Weighted average interest rate   4.60%    
Homebuilding | Mortgage notes on land and other debt        
Debt Instrument [Line Items]        
Senior notes and other debts payable, net   $ 311,720,000 413,873,000  
Mortgages notes on land and other debt retired   11,835,000 48,079,000  
Homebuilding | Senior Notes        
Debt Instrument [Line Items]        
Debt issuance costs   4,200,000 7,600,000  
Homebuilding | Senior Notes | 5.875% senior notes due 2024        
Debt Instrument [Line Items]        
Senior notes and other debts payable, net   $ 0 434,128,000  
Interest rate 5.875% 5.875%    
Gain on the extinguishment of debt, gross $ 6,000,000      
Repayment/ repurchase of senior debt $ 425,000,000      
Redemption price percentage 100.00%      
Homebuilding | Unsecured Revolving Credit Facility        
Debt Instrument [Line Items]        
Maximum borrowings   $ 2,575,000,000    
Senior notes and other debts payable, net   0 $ 0  
Accordion feature   425,000,000    
Maximum borrowings after accordion feature   3,000,000,000    
Homebuilding | Unsecured Revolving Credit Facility | Credit Facility, Maturing April 2024        
Debt Instrument [Line Items]        
Maximum borrowings   350,000,000    
Homebuilding | Letters of Credit        
Debt Instrument [Line Items]        
Maximum borrowings   $ 500,000,000    
[1] 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.