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Operating and Reporting Segments (Disclosure Of Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Aug. 31, 2024
Nov. 30, 2023
Aug. 31, 2023
Segment Reporting Information [Line Items]      
Total assets [1] $ 39,740,982 $ 39,234,303  
Total liabilities [2] 12,183,274 12,532,337  
Equity securities without readily determinable fair values 147,500 121,000  
Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 4,252,662 6,474,497  
Restricted cash 58,482 96,441  
Receivables, net 1,607,421 1,696,205  
Inventory owned and consolidated inventory not owned 20,640,509 18,897,670  
Loans held-for-sale 1,841,211 2,086,809  
Investments in equity securities 339,527 297,243  
Investments available-for-sale 40,090 37,953  
Loans held-for-investment, net 63,995 55,463  
Investments held-to-maturity 138,045 140,676  
Deposits and pre-acquisition costs on real estate 3,012,981 2,034,217  
Investments in unconsolidated entities 2,205,431 2,020,005  
Goodwill 3,632,058 3,632,058  
Other assets 1,908,570 1,765,066  
Senior notes and other debt payable, net 3,808,672 4,984,028  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 8,374,602 7,548,309  
Homebuilding      
Segment Reporting Information [Line Items]      
Cash and cash equivalents [1] 4,037,405 6,273,724  
Restricted cash [1] 12,600 13,481  
Receivables, net [1] 995,417 887,992  
Inventory owned and consolidated inventory not owned [1] 20,088,539 18,352,735  
Deposits and pre-acquisition costs on real estate 2,980,035 2,002,154  
Investments in unconsolidated entities [1] 1,309,622 1,143,909  
Goodwill [1] 3,442,359 3,442,359  
Other assets [1] 1,616,314 1,512,038  
Total assets [1] 34,482,291 33,628,392  
Senior notes and other debt payable, net [2] 2,263,256 2,816,482  
Total liabilities [2] 10,122,586 9,727,994  
Homebuilding | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 4,037,405 6,273,724 $ 3,887,809
Restricted cash 12,600 13,481 16,201
Receivables, net 995,417 887,992  
Inventory owned and consolidated inventory not owned 20,088,539 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 2,980,035 2,002,154  
Investments in unconsolidated entities 1,309,622 1,143,909  
Goodwill 3,442,359 3,442,359  
Other assets 1,616,314 1,512,038  
Total assets 34,482,291 33,628,392  
Senior notes and other debt payable, net 2,263,256 2,816,482  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 7,859,330 6,911,512  
Total liabilities 10,122,586 9,727,994  
Lennar Financial Services      
Segment Reporting Information [Line Items]      
Total assets [1] 3,093,873 3,566,546  
Total liabilities [2] 1,759,821 2,447,039  
Lennar Financial Services | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 156,840 159,491 167,216
Restricted cash 45,882 82,960 18,750
Receivables, net 546,868 716,071  
Inventory owned and consolidated inventory not owned 0 0  
Loans held-for-sale 1,841,211 2,086,809  
Investments in equity securities 0 0  
Investments available-for-sale 0 0  
Loans held-for-investment, net 63,995 55,463  
Investments held-to-maturity 138,045 140,676  
Deposits and pre-acquisition costs on real estate 0 0  
Investments in unconsolidated entities 0 0  
Goodwill 189,699 189,699  
Other assets 111,333 135,377  
Total assets 3,093,873 3,566,546  
Senior notes and other debt payable, net 1,545,416 2,163,805  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 214,405 283,234  
Total liabilities 1,759,821 2,447,039  
Multifamily      
Segment Reporting Information [Line Items]      
Total assets [1] 1,310,555 1,381,513  
Total liabilities [2] 195,327 278,177  
Multifamily | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 24,755 39,334 28,712
Restricted cash 0 0  
Receivables, net 65,136 92,142  
Inventory owned and consolidated inventory not owned 551,970 544,935  
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 32,946 32,063  
Investments in unconsolidated entities 544,635 599,852  
Goodwill 0 0  
Other assets 91,113 73,187  
Total assets 1,310,555 1,381,513  
Senior notes and other debt payable, net 0 3,741  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 195,327 274,436  
Total liabilities 195,327 278,177  
Lennar Other      
Segment Reporting Information [Line Items]      
Total assets [1] 854,263 657,852  
Total liabilities [2] 105,540 79,127  
Lennar Other | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 33,662 1,948 $ 5,344
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 339,527 297,243  
Investments available-for-sale 40,090 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 351,174 276,244  
Goodwill 0 0  
Other assets 89,810 44,464  
Total assets 854,263 657,852  
Senior notes and other debt payable, net 0 0  
Accounts payable, liabilities related to consolidated inventory not owned and other liabilities 105,540 79,127  
Total liabilities $ 105,540 $ 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 August 31, 2024, total assets include $3.3 billion related to consolidated VIEs of which $68.8 million is included in Homebuilding cash and cash equivalents, $7.0 million in Homebuilding receivables, net, $6.7 million in Homebuilding finished homes and construction in progress, $625.1 million in Homebuilding land and land under development, $2.5 billion in Homebuilding consolidated inventory not owned, $67.3 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $41.0 million in Homebuilding other assets and $34.0 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, $1.2 billion in Homebuilding consolidated inventory not owned, $55.0 million in Homebuilding deposits and pre-acquisition costs on real estate, $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 August 31, 2024, total liabilities include $2.4 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $80.0 million is included in Homebuilding accounts payable, $2.3 billion in Homebuilding liabilities related to consolidated inventory not owned, $6.0 million in Homebuilding senior notes and other debt payable, $46.5 million in Homebuilding other liabilities, and $1.0 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.