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Operating and Reporting Segments (Disclosure Of Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Feb. 29, 2024
Nov. 30, 2023
Feb. 28, 2023
Segment Reporting Information [Line Items]      
Total assets [1] $ 38,951,199 $ 39,234,303  
Total liabilities [2] 12,173,269 12,532,337  
Equity securities without readily determinable fair values 123,100 121,000  
Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 5,213,765 6,474,497  
Restricted cash 47,703 96,441  
Receivables, net 1,284,692 1,696,205  
Inventory owned and consolidated inventory not owned 19,942,759 18,897,670  
Loans held-for-sale 1,986,715 2,086,809  
Investments in equity securities 294,246 297,243  
Investments available-for-sale 38,315 37,953  
Loans held-for-investment, net 56,845 55,463  
Investments held-to-maturity 139,706 140,676  
Deposits and pre-acquisition costs on real estate 2,440,662 2,034,217  
Investments in unconsolidated entities 2,082,693 2,020,005  
Goodwill 3,632,058 3,632,058  
Other assets 1,791,040 1,765,066  
Senior notes and other debts payable, net 4,394,622 4,984,028  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 7,778,647 7,548,309  
Homebuilding      
Segment Reporting Information [Line Items]      
Cash and cash equivalents [1] 4,950,128 6,273,724  
Restricted cash [1] 12,635 13,481  
Receivables, net [1] 897,371 887,992  
Inventory owned and consolidated inventory not owned [1] 19,374,070 18,352,735  
Deposits and pre-acquisition costs on real estate 2,408,877 2,002,154  
Investments in unconsolidated entities [1] 1,206,564 1,143,909  
Goodwill [1] 3,442,359 3,442,359  
Other assets [1] 1,473,563 1,512,038  
Total assets [1] 33,765,567 33,628,392  
Senior notes and other debts payable, net [2] 2,830,332 2,816,482  
Total liabilities [2] 10,128,947 9,727,994  
Homebuilding | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 4,950,128 6,273,724 $ 4,057,956
Restricted cash 12,635 13,481 22,504
Receivables, net 897,371 887,992  
Inventory owned and consolidated inventory not owned 19,374,070 18,352,735  
Loans held-for-sale 0 0  
Investments in equity securities 0 0  
Investments available-for-sale 0 0  
Loans held-for-investment, net 0 0  
Investments held-to-maturity 0 0  
Deposits and pre-acquisition costs on real estate 2,408,877 2,002,154  
Investments in unconsolidated entities 1,206,564 1,143,909  
Goodwill 3,442,359 3,442,359  
Other assets 1,473,563 1,512,038  
Total assets 33,765,567 33,628,392  
Senior notes and other debts payable, net 2,830,332 2,816,482  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 7,298,615 6,911,512  
Total liabilities 10,128,947 9,727,994  
Lennar Financial Services      
Segment Reporting Information [Line Items]      
Total assets [1] 3,056,442 3,566,546  
Total liabilities [2] 1,721,333 2,447,039  
Lennar Financial Services | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 233,846 159,491 163,000
Restricted cash 35,068 82,960 8,797
Receivables, net 304,716 716,071  
Inventory owned and consolidated inventory not owned 0 0  
Loans held-for-sale 1,986,715 2,086,809  
Investments in equity securities 0 0  
Investments available-for-sale 0 0  
Loans held-for-investment, net 56,845 55,463  
Investments held-to-maturity 139,706 140,676  
Deposits and pre-acquisition costs on real estate 0 0  
Investments in unconsolidated entities 0 0  
Goodwill 189,699 189,699  
Other assets 109,847 135,377  
Total assets 3,056,442 3,566,546  
Senior notes and other debts payable, net 1,564,290 2,163,805  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 157,043 283,234  
Total liabilities 1,721,333 2,447,039  
Multifamily      
Segment Reporting Information [Line Items]      
Total assets [1] 1,379,279 1,381,513  
Total liabilities [2] 249,625 278,177  
Multifamily | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 27,091 39,334 15,075
Restricted cash 0 0  
Receivables, net 82,605 92,142  
Inventory owned and consolidated inventory not owned 568,689 544,935  
Loans held-for-sale 0 0  
Investments in equity securities 0 0  
Investments available-for-sale 0 0  
Loans held-for-investment, net 0 0  
Investments held-to-maturity 0 0  
Deposits and pre-acquisition costs on real estate 31,785 32,063  
Investments in unconsolidated entities 586,438 599,852  
Goodwill 0 0  
Other assets 82,671 73,187  
Total assets 1,379,279 1,381,513  
Senior notes and other debts payable, net 0 3,741  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 249,625 274,436  
Total liabilities 249,625 278,177  
Lennar Other      
Segment Reporting Information [Line Items]      
Total assets [1] 749,911 657,852  
Total liabilities [2] 73,364 79,127  
Lennar Other | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 2,700 1,948 $ 6,825
Restricted cash 0 0  
Receivables, net 0 0  
Inventory owned and consolidated inventory not owned 0 0  
Loans held-for-sale 0 0  
Investments in equity securities 294,246 297,243  
Investments available-for-sale 38,315 37,953  
Loans held-for-investment, net 0 0  
Investments held-to-maturity 0 0  
Deposits and pre-acquisition costs on real estate 0 0  
Investments in unconsolidated entities 289,691 276,244  
Goodwill 0 0  
Other assets 124,959 44,464  
Total assets 749,911 657,852  
Senior notes and other debts payable, net 0 0  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 73,364 79,127  
Total liabilities $ 73,364 $ 79,127  
[1] Under certain provisions of Accounting Standards Codification (“ASC”) Topic 810, Consolidations (“ASC 810”), the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities (“VIEs”) and liabilities of consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations.
As of February 29, 2024, total assets include $2.7 billion related to consolidated VIEs of which $40.8 million is included in Homebuilding cash and cash equivalents, $2.0 million in Homebuilding receivables, net, $9.8 million in Homebuilding finished homes and construction in progress, $633.4 million in Homebuilding land and land under development, $67.1 million in Homebuilding deposits and pre-acquisition costs on real estate, $1.9 billion in Homebuilding consolidated inventory not owned, $0.3 million in Homebuilding investments in unconsolidated entities, $26.7 million in Homebuilding other assets and $33.1 million in Multifamily assets.
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.
[2] As of February 29, 2024, total liabilities include $1.8 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $17.7 million is included in Homebuilding accounts payable, $1.7 billion in Homebuilding liabilities related to consolidated inventory not owned, $6.0 million in Homebuilding senior notes and other debts payable, $88.5 million in Homebuilding other liabilities, and $0.9 million in Multifamily liabilities.
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.