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Operating and Reporting Segments (Disclosure Of Assets and Liabilities) (Details) - USD ($) $ in Thousands | Feb. 28, 2025 | Nov. 30, 2024 | Feb. 29, 2024
--- | --- | --- | ---
Segment Reporting Information [Line Items] |  |  |  |
Total assets | [1] | $ 34,986,103 | $ 41,312,781 |
Total liabilities | [2] | 12,118,759 | 13,291,556 |
Equity securities without readily determinable fair values |  | 133,500 | 143,000 |
Millrose |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Investments in unconsolidated entities |  | $ 1,200,000 |  |
Unconsolidated entities ownership percentage |  | 20.00% |  |
Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Cash and cash equivalents |  | $ 2,516,772 | 4,909,664 |
Restricted cash |  | 71,243 | 80,546 |
Receivables, net |  | 1,533,608 | 1,652,558 |
Inventory owned and consolidated inventory not owned |  | 14,251,930 | 20,312,430 |
Loans held-for-sale |  | 1,835,897 | 2,250,718 |
Investments in equity securities |  | 245,628 | 347,810 |
Investments available-for-sale |  | 40,401 | 40,578 |
Loans held-for-investment, net |  | 52,674 | 60,969 |
Investments held-to-maturity |  | 134,369 | 135,646 |
Deposits and pre-acquisition costs on real estate |  | 5,172,084 | 3,658,015 |
Investments in unconsolidated entities |  | 3,493,795 | 2,227,574 |
Goodwill |  | 3,632,058 | 3,632,058 |
Other assets |  | 2,005,644 | 2,004,215 |
Senior notes and other debts payable, net |  | 3,608,397 | 4,189,239 |
Liabilities related to consolidated inventory not owned |  | 3,037,085 | 3,563,934 |
Accounts payable and other liabilities |  | 5,473,277 | 5,538,383 |
Homebuilding |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Cash and cash equivalents | [1] | 2,283,928 | 4,662,643 |
Restricted cash | [1] | 22,487 | 11,799 |
Receivables, net | [1] | 1,063,934 | 1,053,211 |
Inventory owned and consolidated inventory not owned | [1] | 13,608,716 | 19,719,551 |
Deposits and pre-acquisition costs on real estate |  | 5,161,259 | 3,625,372 |
Investments in unconsolidated entities | [1] | 2,645,734 | 1,344,836 |
Goodwill | [1] | 3,442,359 | 3,442,359 |
Other assets | [1] | 1,657,511 | 1,734,698 |
Total assets | [1] | 29,885,928 | 35,594,469 |
Senior notes and other debts payable, net | [2] | 2,211,272 | 2,258,283 |
Liabilities related to consolidated inventory not owned | [2] | 3,037,085 | 3,563,934 |
Total liabilities | [2] | 10,251,491 | 10,863,209 |
Homebuilding | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Cash and cash equivalents |  | 2,283,928 | 4,662,643 | $ 4,950,128
Restricted cash |  | 22,487 | 11,799 | 12,635
Receivables, net |  | 1,063,934 | 1,053,211 |
Inventory owned and consolidated inventory not owned |  | 13,608,716 | 19,719,551 |
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 |  | 5,161,259 | 3,625,372 |
Investments in unconsolidated entities |  | 2,645,734 | 1,344,836 |
Goodwill |  | 3,442,359 | 3,442,359 |
Other assets |  | 1,657,511 | 1,734,698 |
Total assets |  | 29,885,928 | 35,594,469 |
Senior notes and other debts payable, net |  | 2,211,272 | 2,258,283 |
Liabilities related to consolidated inventory not owned |  | 3,037,085 | 3,563,934 |
Accounts payable and other liabilities |  | 5,003,134 | 5,040,992 |
Total liabilities |  | 10,251,491 | 10,863,209 |
Lennar Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total assets | [1] | 3,000,778 | 3,516,550 |
Total liabilities | [2] | 1,626,271 | 2,140,708 |
Lennar Financial Services | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Cash and cash equivalents |  | 188,833 | 175,382 | 233,846
Restricted cash |  | 48,756 | 68,747 | 35,068
Receivables, net |  | 426,410 | 545,752 |
Inventory owned and consolidated inventory not owned |  | 0 | 0 |
Loans held-for-sale |  | 1,835,897 | 2,250,718 |
Investments in equity securities |  | 0 | 0 |
Investments available-for-sale |  | 0 | 0 |
Loans held-for-investment, net |  | 52,674 | 60,969 |
Investments held-to-maturity |  | 134,369 | 135,646 |
Deposits and pre-acquisition costs on real estate |  | 0 | 0 |
Investments in unconsolidated entities |  | 0 | 0 |
Goodwill |  | 189,699 | 189,699 |
Other assets |  | 124,140 | 89,637 |
Total assets |  | 3,000,778 | 3,516,550 |
Senior notes and other debts payable, net |  | 1,397,125 | 1,930,956 |
Liabilities related to consolidated inventory not owned |  | 0 | 0 |
Accounts payable and other liabilities |  | 229,146 | 209,752 |
Total liabilities |  | 1,626,271 | 2,140,708 |
Multifamily |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total assets | [1] | 1,275,152 | 1,306,818 |
Total liabilities | [2] | 141,380 | 181,883 |
Multifamily | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Cash and cash equivalents |  | 15,030 | 30,948 | 27,091
Restricted cash |  | 0 | 0 |
Receivables, net |  | 43,264 | 53,595 |
Inventory owned and consolidated inventory not owned |  | 643,214 | 592,879 |
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 |  | 10,825 | 32,643 |
Investments in unconsolidated entities |  | 472,668 | 503,303 |
Goodwill |  | 0 | 0 |
Other assets |  | 90,151 | 93,450 |
Total assets |  | 1,275,152 | 1,306,818 |
Senior notes and other debts payable, net |  | 0 | 0 |
Liabilities related to consolidated inventory not owned |  | 0 | 0 |
Accounts payable and other liabilities |  | 141,380 | 181,883 |
Total liabilities |  | 141,380 | 181,883 |
Lennar Other |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total assets | [1] | 824,245 | 894,944 |
Total liabilities | [2] | 99,617 | 105,756 |
Lennar Other | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Cash and cash equivalents |  | 28,981 | 40,691 | $ 2,700
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 |  | 245,628 | 347,810 |
Investments available-for-sale |  | 40,401 | 40,578 |
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 |  | 375,393 | 379,435 |
Goodwill |  | 0 | 0 |
Other assets |  | 133,842 | 86,430 |
Total assets |  | 824,245 | 894,944 |
Senior notes and other debts payable, net |  | 0 | 0 |
Liabilities related to consolidated inventory not owned |  | 0 | 0 |
Accounts payable and other liabilities |  | 99,617 | 105,756 |
Total liabilities |  | $ 99,617 | $ 105,756 |
[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.
[2] | As of February 28, 2025, total liabilities include $2.4 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $67.8 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, $0.8 million in Homebuilding other liabilities, and $1.0 million in Multifamily liabilities. 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.

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