XML 55 R44.htm IDEA: XBRL DOCUMENT v3.24.3
Stockholders' Equity (Schedule Of Changes In Equity) (Details) - USD ($)
$ / shares in Units, $ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
Sep. 25, 2024
Jul. 19, 2024
Jan. 31, 2024
Aug. 31, 2024
Nov. 30, 2023
Aug. 31, 2023
May 31, 2023
Feb. 28, 2023
Aug. 31, 2024
Aug. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       $ 27,015,753 $ 25,788,542 $ 25,161,119   $ 24,240,367 $ 26,701,966 [1] $ 24,240,367
Net earnings (including net earnings attributable to noncontrolling interests)       1,187,274   1,116,952     2,867,781 2,594,002
Employee stock and directors plans       10   (8,552)     (84,509) (71,313)
Purchases of treasury stock       (524,540)   (368,381)     (1,643,367) (769,240)
Amortization of restricted stock       31,908   12,885     154,094 139,616
Cash dividends       (135,850)   (107,082)     (414,168) (325,359)
Receipts related to noncontrolling interests       2,322   1,391     17,044 6,309
Payments related to noncontrolling interests       (19,173)   (22,795)     (45,819) (43,418)
Non-cash purchase or activity of noncontrolling interests, net       (440)   2,797     2,525 15,946
Total other comprehensive income, net of tax       444   208     2,161 1,632
Balance, ending       27,557,708 [1] 26,701,966 [1] 25,788,542 $ 25,161,119   27,557,708 [1] 25,788,542
Additional shares authorized for repurchase, amount     $ 5,000,000              
Additional Paid - in Capital                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       5,674,733 5,561,793 5,546,128   5,417,796 5,570,009 5,417,796
Employee stock and directors plans       70   (620)     1,282 822
Amortization of restricted stock       31,908   12,885     154,094 139,616
Non-cash purchase or activity of noncontrolling interests, net       0   3,400     (18,674) 3,559
Balance, ending       5,706,711 5,570,009 5,561,793 5,546,128   5,706,711 5,561,793
Treasury Stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       (2,597,806) (1,052,000) (675,686)   (210,389) (1,393,100) (210,389)
Employee stock and directors plans       (62)   (7,933)     (85,941) (72,371)
Purchases of treasury stock       (524,540)   (368,381)     (1,643,367) (769,240)
Balance, ending       (3,122,408) (1,393,100) (1,052,000) (675,686)   (3,122,408) (1,052,000)
Accumulated Other Comprehensive Income                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       6,596 4,040 3,832   2,408 4,879 2,408
Total other comprehensive income, net of tax       444   208     2,161 1,632
Balance, ending       7,040 4,879 4,040 3,832   7,040 4,040
Retained Earnings                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       23,764,695 21,113,282 20,111,368   18,861,417 22,369,368 18,861,417
Net earnings (including net earnings attributable to noncontrolling interests)       1,162,674   1,108,996     2,836,319 2,577,224
Cash dividends       (135,850)   (107,082)     (414,168) (325,359)
Balance, ending       24,791,519 22,369,368 21,113,282 20,111,368   24,791,519 21,113,282
Noncontrolling Interests                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       137,879 131,923 145,974   $ 139,867 121,302 139,867
Net earnings (including net earnings attributable to noncontrolling interests)       24,600   7,956     31,462 16,778
Receipts related to noncontrolling interests       2,322   1,391     17,044 6,309
Payments related to noncontrolling interests       (19,173)   (22,795)     (45,819) (43,418)
Non-cash purchase or activity of noncontrolling interests, net       (440)   (603)     21,199 12,387
Balance, ending       $ 145,188 $ 121,302 $ 131,923 $ 145,974   $ 145,188 $ 131,923
Common Class A                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Cash dividend declared (in dollars per share)         $ 0.375 $ 0.375 $ 0.375 $ 0.375    
Cash dividend paid (in dollars per share)   $ 0.50     $ 0.375 $ 0.375 $ 0.375 $ 0.375    
Shares repurchased during period (in shares)       2,892,320   2,305,300     9,311,923 5,021,186
Total purchase price       $ 447,845   $ 287,024     $ 1,445,909 $ 568,892
Average share price of shares repurchased (in dollars per share)       $ 154.84   $ 124.51     $ 155.27 $ 113.30
Common Class A | Subsequent Event                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Cash dividend declared (in dollars per share) $ 0.50                  
Common Class A | Common Stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       $ 25,996 $ 25,844 $ 25,843   $ 25,608 $ 25,848 $ 25,608
Employee stock and directors plans       2   1     150 236
Balance, ending       $ 25,998 $ 25,848 $ 25,844 $ 25,843   $ 25,998 $ 25,844
Common Class B                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Cash dividend declared (in dollars per share)         $ 0.375 $ 0.375 $ 0.375 $ 0.375    
Cash dividend paid (in dollars per share)   $ 0.50     $ 0.375 $ 0.375 $ 0.375 $ 0.375    
Shares repurchased during period (in shares)       462,906   694,700     1,243,303 1,978,814
Total purchase price       $ 71,434   $ 78,855     $ 182,641 $ 193,970
Average share price of shares repurchased (in dollars per share)       $ 154.32   $ 113.51     $ 146.90 $ 98.02
Stock Repurchase Program, Remaining Authorized Repurchase Amount       $ 3,900,000         $ 3,900,000  
Common Class B | Subsequent Event                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Cash dividend declared (in dollars per share) $ 0.50                  
Common Class B | Common Stock                    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Balance, beginning       3,660 $ 3,660 $ 3,660   $ 3,660 3,660 $ 3,660
Balance, ending       $ 3,660 $ 3,660 $ 3,660 $ 3,660   $ 3,660 $ 3,660
[1] 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.