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Variable Interest Entities (Narrative) (Details) - USD ($)
$ in Thousands
Nov. 30, 2023
Nov. 30, 2022
Variable Interest Entity [Line Items]    
Assets [1] $ 39,234,303 $ 37,984,295
Liabilities [2] 12,532,337 13,743,928
Letters of credit outstanding 1,800,000  
Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Assets 1,900,000 1,400,000
Liabilities 1,200,000 620,400
Variable Interest Entity, Not Primary Beneficiary    
Variable Interest Entity [Line Items]    
Assets 1,240,627 1,393,622
Consolidated inventory not owned 1,200,000  
Land under Purchase Options, Not Recorded 1,800,000  
Homebuilding    
Variable Interest Entity [Line Items]    
Assets [1] 33,628,392 32,684,162
Liabilities [2] 9,727,994 10,978,646
Deposits and pre-acquisition costs on real estate 2,002,154 1,733,725
Liabilities related to consolidated inventory not owned [2] 2,540,894 1,967,551
Consolidated inventory not owned [1] 2,992,528 2,331,231
Homebuilding | Land Bank    
Variable Interest Entity [Line Items]    
Deposits and pre-acquisition costs on real estate 438,700  
Liabilities related to consolidated inventory not owned 577,900  
Consolidated inventory not owned 693,100  
Homebuilding | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Liabilities related to consolidated inventory not owned 1,100,000 510,900
Consolidated inventory not owned 1,200,000 533,800
Homebuilding | Variable Interest Entity, Not Primary Beneficiary    
Variable Interest Entity [Line Items]    
Assets 659,224 586,935
Multifamily    
Variable Interest Entity [Line Items]    
Assets [1] 1,381,513 1,257,337
Liabilities [2] 278,177 313,484
Multifamily | Variable Interest Entity, Primary Beneficiary    
Variable Interest Entity [Line Items]    
Assets 32,600 33,200
Liabilities 4,100 3,800
Multifamily | Variable Interest Entity, Not Primary Beneficiary    
Variable Interest Entity [Line Items]    
Assets 384,718 607,484
Financial Services    
Variable Interest Entity [Line Items]    
Assets [1] 3,566,546 3,254,257
Liabilities [2] 2,447,039 2,353,904
Financial Services | Variable Interest Entity, Not Primary Beneficiary    
Variable Interest Entity [Line Items]    
Assets $ 140,676 $ 143,251
[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.