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v3.25.1

Operating and Reporting Segments (Homebuilding Assets) (Details) - USD ($) $ in Thousands | Feb. 28, 2025 | Nov. 30, 2024
--- | --- | ---
Segment Reporting Information [Line Items] |  |  |
Assets | [1] | $ 34,986,103 | $ 41,312,781
Homebuilding |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets | [1] | 29,885,928 | 35,594,469
Operating Segments | Homebuilding |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets |  | 29,885,928 | 35,594,469
Operating Segments | East |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets |  | 5,615,263 | 6,967,571
Operating Segments | Central |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets |  | 4,415,791 | 5,567,451
Operating Segments | South Central |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets |  | 4,214,025 | 4,238,587
Operating Segments | West |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets |  | 10,280,135 | 12,148,434
Operating Segments | Other |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets |  | 2,938,045 | 1,729,407
Corporate and Unallocated |  |  |
Segment Reporting Information [Line Items] |  |  |
Assets |  | $ 2,422,669 | $ 4,943,019
[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 28, 2025, total assets include $3.0 billion related to consolidated VIEs of which $72.3 million is included in Homebuilding cash and cash equivalents, $4.4 million in Homebuilding receivables, net, $5.6 million in Homebuilding finished homes and construction in progress, $342.4 million in Homebuilding land and land under development, $2.5 billion in Homebuilding consolidated inventory not owned, $67.7 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $11.7 million in Homebuilding other assets and $35.5 million in Multifamily assets. 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.

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