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Investments In Unconsolidated Entities (Summarized Financial Information of Unconsolidated Entities) (Details) - USD ($)
$ in Thousands
12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Assets:      
Total assets [1] $ 41,312,781 $ 39,234,303  
LIABILITIES AND EQUITY      
Equity 28,021,225 [2] 26,701,966 [2] $ 24,240,367
Total liabilities and equity [2] 41,312,781 39,234,303  
Statements of Operations (In thousands) Years Ended:      
Total revenues 35,441,452 34,233,366 33,671,010
Net earnings (including net earnings attributable to noncontrolling interests) 3,967,655 3,961,291 4,648,501
Operating Segments      
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 2,227,574 2,020,005  
Statements of Operations (In thousands) Years Ended:      
Total revenues 35,441,452 34,233,366 33,671,010
Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 830,072 649,716  
Loans receivable 11,884 27,102  
Real estate owned 50,621 102,398  
Investment securities 2,102,204 2,267,270  
Investments in partnerships 94,183 108,532  
Inventories 5,501,970 5,267,619  
Operating properties and equipment 5,026,220 7,561,175  
Other assets 2,206,354 2,254,617  
Total assets 15,823,508 18,238,429  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 1,234,154 1,182,926  
Debt 4,520,497 6,635,349  
Equity 10,068,857 10,420,154  
Total liabilities and equity 15,823,508 18,238,429  
Statements of Operations (In thousands) Years Ended:      
Total revenues 1,719,012 1,857,757 1,747,336
Costs and expenses 1,841,128 2,160,564 1,695,272
Other income 608,145 (563,222) 197,056
Net earnings (including net earnings attributable to noncontrolling interests) 486,029 (866,029) 249,120
Equity in earnings (loss) from unconsolidated entities 164,099 (144,610) (36,302)
Homebuilding      
Assets:      
Total assets [1] 35,594,469 33,628,392  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities [1] 1,344,836 1,143,909  
Debt issuance costs 3,200 13,000  
Homebuilding | Operating Segments      
Assets:      
Total assets 35,594,469 33,628,392  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 1,344,836 1,143,909  
Statements of Operations (In thousands) Years Ended:      
Total revenues 33,906,426 32,660,987 31,951,335
Homebuilding | Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 410,948 460,851  
Loans receivable 0 0  
Real estate owned 0 0  
Investment securities 0 0  
Investments in partnerships 0 0  
Inventories 5,501,970 5,267,619  
Operating properties and equipment 37,516 33,151  
Other assets 1,282,274 1,223,438  
Total assets 7,232,708 6,985,059  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 979,910 782,802  
Debt 1,318,759 1,412,958  
Equity 4,934,039 4,789,299  
Total liabilities and equity 7,232,708 6,985,059  
Financial Services      
Assets:      
Total assets [1] 3,516,550 3,566,546  
Financial Services | Operating Segments      
Assets:      
Total assets 3,516,550 3,566,546  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 0 0  
Statements of Operations (In thousands) Years Ended:      
Total revenues 1,109,263 976,859 809,680
Multifamily      
Assets:      
Total assets [1] 1,306,818 1,381,513  
LIABILITIES AND EQUITY      
Debt issuance costs 16,100 19,500  
Multifamily | Operating Segments      
Assets:      
Total assets 1,306,818 1,381,513  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 503,303 599,852  
Statements of Operations (In thousands) Years Ended:      
Total revenues 411,537 573,485 865,603
Multifamily | Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 323,389 67,755  
Loans receivable 0 0  
Real estate owned 0 0  
Investment securities 0 0  
Investments in partnerships 0 0  
Inventories 0 0  
Operating properties and equipment 4,988,704 7,528,024  
Other assets 821,201 861,321  
Total assets 6,133,294 8,457,100  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 140,000 253,531  
Debt 2,905,913 4,890,267  
Equity 3,087,381 3,313,302  
Total liabilities and equity 6,133,294 8,457,100  
Lennar Other      
Assets:      
Total assets [1] 894,944 657,852  
Lennar Other | Operating Segments      
Assets:      
Total assets 894,944 657,852  
LIABILITIES AND EQUITY      
Investments in unconsolidated entities 379,435 276,244  
Statements of Operations (In thousands) Years Ended:      
Total revenues 14,226 22,035 $ 44,392
Lennar Other | Equity Method Investment, Nonconsolidated Investee or Group of Investees      
Assets:      
Cash and cash equivalents 95,735 121,110  
Loans receivable 11,884 27,102  
Real estate owned 50,621 102,398  
Investment securities 2,102,204 2,267,270  
Investments in partnerships 94,183 108,532  
Inventories 0 0  
Operating properties and equipment 0 0  
Other assets 102,879 169,858  
Total assets 2,457,506 2,796,270  
LIABILITIES AND EQUITY      
Accounts payable and other liabilities 114,244 146,593  
Debt 295,825 332,124  
Equity 2,047,437 2,317,553  
Total liabilities and equity $ 2,457,506 $ 2,796,270  
[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, 2024, total assets include $3.7 billion related to consolidated VIEs of which $67.0 million is included in Homebuilding cash and cash equivalents, $6.0 million in Homebuilding receivables, net, $9.7 million in Homebuilding finished homes and construction in progress, $602.9 million in Homebuilding land and land under development, $2.8 billion in Homebuilding consolidated inventory not owned, $71.8 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $42.3 million in Homebuilding other assets and $33.9 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 November 30, 2024, total liabilities include $2.7 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $67.3 million is included in Homebuilding accounts payable, $2.6 billion in Homebuilding liabilities related to consolidated inventory not owned, $6.0 million in Homebuilding senior notes and other debts payable, net, $45.8 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.