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Investments In Unconsolidated Entities (Summarized Financial Information of Unconsolidated Entities) (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2021
Assets:      
Total assets [1] $ 39,234,303 $ 37,984,295  
LIABILITIES AND EQUITY      
Equity 26,701,966 [2] 24,240,367 [2] $ 20,996,282
Total liabilities and equity [2] 39,234,303 37,984,295  
Statement of Operations Years Ended:      
Total revenues 34,233,366 33,671,010 27,130,676
Net earnings (including net earnings attributable to noncontrolling interests) 3,961,291 4,648,501 4,456,549
Operating Segments      
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 2,020,005 2,137,813  
Statement of Operations Years Ended:      
Total revenues 34,233,366 33,671,010 27,130,676
Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 649,716 833,095  
Loans receivable 27,102 25,045  
Real estate owned 102,398 213,103  
Investment securities 2,267,270 2,543,715  
Investments in partnerships 108,532 165,599  
Inventories 5,267,619 5,392,285  
Operating properties and equipment 7,561,175 7,146,981  
Other assets 2,254,617 2,125,129  
Total assets 18,238,429 18,444,952  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 1,182,926 1,410,518  
Debt 6,635,349 6,035,393  
Equity 10,420,154 10,999,041  
Total liabilities and equity 18,238,429 18,444,952  
Statement of Operations Years Ended:      
Total revenues 1,857,757 1,747,336 1,383,266
Costs and expenses 2,160,564 1,695,272 1,448,775
Other income (563,222) 197,056 187,625
Net earnings (including net earnings attributable to noncontrolling interests) (866,029) 249,120 122,116
Equity in earnings (loss) from unconsolidated entities (144,610) (36,302) 48,993
Homebuilding      
Assets:      
Total assets [1] 33,628,392 32,684,162  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities [1] 1,143,909 1,173,164  
Debt issuance costs 13,000 18,400  
Homebuilding | Operating Segments      
Assets:      
Total assets 33,628,392 32,684,162  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 1,143,909 1,173,164  
Statement of Operations Years Ended:      
Total revenues 32,660,987 31,951,335 25,545,242
Homebuilding | Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 460,851 366,276  
Loans receivable 0 0  
Real estate owned 0 0  
Investment securities 0 0  
Investments in partnerships 0 0  
Inventories 5,267,619 5,391,285  
Operating properties and equipment 33,151 56,687  
Other assets 1,223,438 1,378,156  
Total assets 6,985,059 7,192,404  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 782,802 994,603  
Debt 1,412,958 1,383,302  
Equity 4,789,299 4,814,499  
Total liabilities and equity 6,985,059 7,192,404  
Financial Services      
Assets:      
Total assets [1] 3,566,546 3,254,257  
Financial Services | Operating Segments      
Assets:      
Total assets 3,566,546 3,254,257  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 0 0  
Statement of Operations Years Ended:      
Total revenues 976,859 809,680 898,745
Multifamily      
Assets:      
Total assets [1] 1,381,513 1,257,337  
LIABILITIES AND EQUITY      
Debt issuance costs 19,500 26,400  
Multifamily | Operating Segments      
Assets:      
Total assets 1,381,513 1,257,337  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 599,852 648,126  
Statement of Operations Years Ended:      
Total revenues 573,485 865,603 665,232
Multifamily | Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 67,755 53,121  
Loans receivable 0 0  
Real estate owned 0 0  
Investment securities 0 0  
Investments in partnerships 0 0  
Inventories 0 1,000  
Operating properties and equipment 7,528,024 7,090,294  
Other assets 861,321 523,152  
Total assets 8,457,100 7,667,567  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 253,531 245,266  
Debt 4,890,267 4,318,774  
Equity 3,313,302 3,103,527  
Total liabilities and equity 8,457,100 7,667,567  
Lennar Other      
Assets:      
Total assets [1] 657,852 788,539  
Lennar Other | Operating Segments      
Assets:      
Total assets 657,852 788,539  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 276,244 316,523  
Statement of Operations Years Ended:      
Total revenues 22,035 44,392 $ 21,457
Lennar Other | Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 121,110 413,698  
Loans receivable 27,102 25,045  
Real estate owned 102,398 213,103  
Investment securities 2,267,270 2,543,715  
Investments in partnerships 108,532 165,599  
Inventories 0 0  
Operating properties and equipment 0 0  
Other assets 169,858 223,821  
Total assets 2,796,270 3,584,981  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 146,593 170,649  
Debt 332,124 333,317  
Equity 2,317,553 3,081,015  
Total liabilities and equity $ 2,796,270 $ 3,584,981  
[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.