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Stockholders' Equity
 6 Months Ended
May 31, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The following tables reflect the changes in equity attributable to both Lennar Corporation and the noncontrolling interests of its consolidated subsidiaries in which it has less than a 100% ownership interest for the three and six months ended May 31, 2024 and 2023:
Three Months Ended May 31, 2024
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at February 29, 2024$26,777,930 25,983 3,660 5,651,836 (1,988,200)5,241 22,949,315 130,095 
Net earnings (including net earnings attributable to noncontrolling interests)960,586 — — — — — 954,311 6,275 
Employee stock and directors plans
(1,046)13 — 1,277 (2,336)— — — 
Purchases of treasury stock(607,270)— — — (607,270)— — — 
Amortization of restricted stock
34,506 — — 34,506 — — — — 
Cash dividends(138,931)— — — — — (138,931)— 
Receipts related to noncontrolling interests
8,926 — — — — — — 8,926 
Payments related to noncontrolling interests
(24,667)— — — — — — (24,667)
Non-cash purchase or activity of noncontrolling interests, net4,364 — — (12,886)— — — 17,250 
Total other comprehensive income, net of tax1,355 — — — — 1,355 — — 
Balance at May 31, 2024$27,015,753 25,996 3,660 5,674,733 (2,597,806)6,596 23,764,695 137,879 
Three Months Ended May 31, 2023
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at February 28, 2023$24,555,287 25,834 3,660 5,503,789 (468,347)3,259 19,350,060 137,032 
Net earnings (including net earnings attributable to noncontrolling interests)877,742 — — — — — 871,694 6,048 
Employee stock and directors plans
4,229 9 — 1,631 2,589 — — — 
Purchases of treasury stock(209,928)— — — (209,928)— — — 
Amortization of restricted stock
40,173 — — 40,173 — — — — 
Cash dividends(110,386)— — — — — (110,386)— 
Receipts related to noncontrolling interests
2,421 — — — — — — 2,421 
Non-cash purchase or activity of noncontrolling interests, net1,008 — — 535 — — — 473 
Total other comprehensive income, net of tax573 — — — — 573 — — 
Balance at May 31, 2023$25,161,119 25,843 3,660 5,546,128 (675,686)3,832 20,111,368 145,974 
Six Months Ended May 31, 2024
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at November 30, 2023$26,701,966 25,848 3,660 5,570,009 (1,393,100)4,879 22,369,368 121,302 
Net earnings (including net earnings attributable to noncontrolling interests)1,680,507 — — — — — 1,673,645 6,862 
Employee stock and directors plans
(84,519)148 — 1,212 (85,879)— — — 
Purchases of treasury stock(1,118,827)— — — (1,118,827)— — — 
Amortization of restricted stock
122,186 — — 122,186 — — — — 
Cash dividends(278,318)— — — — — — (278,318)— 
Receipts related to noncontrolling interests
14,722 — — — — — — 14,722 
Payments related to noncontrolling interests
(26,646)— — — — — — (26,646)
Non-cash purchase or activity of noncontrolling interests, net2,965 — — (18,674)— — — 21,639 
Total other comprehensive income, net of tax1,717 — — — — 1,717 — — 
Balance at May 31, 2024$27,015,753 25,996 3,660 5,674,733 (2,597,806)6,596 23,764,695 137,879 
Six Months Ended May 31, 2023
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at November 30, 2022$24,240,367 25,608 3,660 5,417,796 (210,389)2,408 18,861,417 139,867 
Net earnings (including net earnings attributable to noncontrolling interests)1,477,050 — — — — — 1,468,228 8,822 
Employee stock and directors plans
(62,761)235 — 1,442 (64,438)— — — 
Purchases of treasury stock(400,859)— — — (400,859)— — — 
Amortization of restricted stock
126,731 — — 126,731 — — — — 
Cash dividends(218,277)— — — — — — (218,277)— 
Receipts related to noncontrolling interests
4,918 — — — — — — 4,918 
Payments related to noncontrolling interests
(20,623)— — — — — — (20,623)
Non-cash purchase or activity of noncontrolling interests, net13,149 — — 159 — — — 12,990 
Total other comprehensive loss, net of tax1,424 — — — — 1,424 — — 
Balance at May 31, 2023$25,161,119 25,843 3,660 5,546,128 (675,686)3,832 20,111,368 145,974 
On June 20, 2024, the Company's Board of Directors declared a quarterly cash dividend of $0.50 per share on both its Class A and Class B common stock, payable on July 19, 2024 to holders of record at the close of business on July 5, 2024. On May 8, 2024, the Company paid a quarterly cash dividend of $0.50 per share for both of its Class A and Class B common stock to holders of record at the close of business on April 24, 2024, as declared by its Board of Directors on April 10, 2024. The Company approved and paid cash dividends of $0.375 per share for each of the four quarters of 2023 for both its Class A and Class B common stock.
In January 2024, the Company's Board of Directors authorized an increase to its stock repurchase program to enable it to repurchase up to an additional $5 billion in value of its outstanding Class A or Class B common stock. Repurchases are authorized to be made in open-market or private transactions. The repurchase authorization has no expiration date. The following table sets forth the repurchases of the Company's Class A and Class B common stock under the authorized repurchase programs:
Three Months Ended May 31,Six Months Ended May 31,
2024202320242023
(Dollars in thousands, except price per share amounts)Class AClass BClass AClass BClass AClass BClass AClass B
Shares repurchased3,393,475 406,525 1,269,681 730,319 6,419,603 780,397 2,715,886 1,284,114 
Total purchase price$543,276 $59,570 $138,800 $69,010 $998,064 $111,207 $281,868 $115,116 
Average price per share$160.09 $146.54 $109.32 $94.49 $155.47 $142.50 $103.78 $89.65