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v3.25.2

Fair Value Disclosures - Narrative (Details) - USD ($) | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
May 31, 2025 | May 31, 2024 | May 31, 2025 | May 31, 2024 | Nov. 30, 2024
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 2 to Level 3 | $ 31,500,000 | $ 99,200,000 | $ 71,800,000 | $ 59,100,000 |
Transfers of assets from Level 3 to Level 2 | 43,000,000.0 | 19,200,000 | 129,000,000.0 | 33,300,000 |
Transfers of liabilities from Level 2 to Level 3 | 11,500,000 | 47,300,000 | 7,900,000 | 62,000,000.0 |
Transfers of liabilities from Level 3 to Level 2 | 11,200,000 | 43,500,000 | 44,400,000 | 50,900,000 |
Net gains (losses) on Level 3 assets (realized and unrealized) | 12,800,000 | (9,500,000) | 2,500,000 | (55,000,000.0) |
Total gains/(losses) (realized and unrealized) | 32,900,000 | (12,800,000) | (36,300,000) | (4,000,000.0) |
Value of asset excluded from significant unobservable inputs | 49,800,000 |  | 49,800,000 |  | $ 23,900,000
Value of liability excluded from significant unobservable inputs | 4,300,000 |  | 4,300,000 |  | 2,700,000
Aggregate fair value of loans and other receivables on nonaccrual status and/or 90 days or greater past due | 68,400,000 |  | 68,400,000 |  | 126,900,000
Loan and other receivables greater than 90 days past due | 60,000,000.0 |  | 60,000,000.0 |  | 120,000,000.0
Equity securities without readily determinable fair value | 21,900,000 |  | 21,900,000 |  | $ 21,900,000
Impairment | 0 | 0 | 0 | 0 |
Monashee |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Our total equity balance |  | 21,900,000 |  | 21,900,000 |
Loans and other receivables |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 2 to Level 3 | 15,900,000 | 11,400,000 | 27,100,000 | 6,100,000 |
Transfers of assets from Level 3 to Level 2 | 21,500,000 | 6,200,000 | 54,100,000 |  |
Net gains (losses) on Level 3 assets (realized and unrealized) | (7,236,000) | 1,255,000 | (5,759,000) | (39,831,000) |
Corporate equity securities |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 2 to Level 3 | 11,100,000 | 5,400,000 | 30,300,000 |  |
Transfers of assets from Level 3 to Level 2 |  | 2,500,000 | 50,700,000 | 3,600,000 |
Net gains (losses) on Level 3 assets (realized and unrealized) | 8,245,000 | (12,751,000) | 9,940,000 | (12,817,000) |
Total gains/(losses) (realized and unrealized) | (256,000) | 8,000 | 126,000 | 1,000 |
Other ABS |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 2 to Level 3 | 2,100,000 | 61,900,000 | 3,300,000 | 47,600,000 |
Transfers of assets from Level 3 to Level 2 | 2,000,000 | 6,300,000 | 4,400,000 | 7,400,000 |
Net gains (losses) on Level 3 assets (realized and unrealized) | 6,814,000 | (2,198,000) | (264,000) | (5,913,000) |
Consumer and other loans |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 2 to Level 3 | 1,600,000 |  |  |  |
Investments at fair value |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 3 to Level 2 | 10,000,000 |  | 10,000,000 |  |
Collateralized debt obligations and collateralized loan obligations |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 2 to Level 3 |  |  | 3,000,000.0 | 2,700,000 |
Transfers of assets from Level 3 to Level 2 | 8,000,000 | 4,500,000 | 8,400,000 | 5,100,000 |
Net gains (losses) on Level 3 assets (realized and unrealized) | (4,123,000) | 1,220,000 | (10,286,000) | 9,006,000 |
Net derivatives |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of liabilities from Level 2 to Level 3 | 2,000,000.0 | 15,900,000 | 3,900,000 | 23,200,000 |
Transfers of liabilities from Level 3 to Level 2 | 5,700,000 | 13,400,000 | 14,500,000 | 13,700,000 |
Total gains/(losses) (realized and unrealized) | (1,132,000) | (10,062,000) | (13,925,000) | (17,979,000) |
Structured Notes |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of liabilities from Level 2 to Level 3 | 13,200,000 | 32,800,000 | 3,900,000 | 38,700,000 |
Transfers of liabilities from Level 3 to Level 2 | 5,100,000 | 30,100,000 | 28,800,000 | 34,700,000 |
Corporate debt securities |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 2 to Level 3 |  | 17,300,000 | 8,000,000.0 | 2,600,000 |
Transfers of assets from Level 3 to Level 2 |  |  |  | 2,000,000.0 |
Net gains (losses) on Level 3 assets (realized and unrealized) | 2,547,000 | 1,363,000 | 2,147,000 | 3,830,000 |
Total gains/(losses) (realized and unrealized) | 222,000 | (23,000) | 52,000 | (23,000) |
Residential mortgage-backed securities |  |  |  |  |
Gain (Loss) on Securities [Line Items] |  |  |  |  |
Transfers of assets from Level 3 to Level 2 |  |  |  | 14,600,000 |
Net gains (losses) on Level 3 assets (realized and unrealized) | 436,000 | $ (6,000) | $ 269,000 | $ (207,000) |
Total gains/(losses) (realized and unrealized) | $ (15,000) |  |  |  |

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