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Investments (Tables)
 9 Months Ended
Aug. 31, 2017
Jefferies Finance, LLC  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information The following summarizes the activity included in our Consolidated Statements of Earnings related to the Secured Revolving Credit Facility with Jefferies Finance (in millions):
 
Three Months Ended 
 August 31,
 
Nine Months Ended 
 August 31,
 
2017
 
2016
 
2017
 
2016
Interest income
$
0.2

 
$
—

 
$
2.5

 
$
—

Unfunded commitment fees
0.3

 
0.3

 
0.8

 
0.9

The following is a summary of selected financial information for Jefferies Finance (in millions):
 
August 31, 2017
 
November 30, 2016
Our total equity balance
$
612.1

 
$
470.5


 
Three Months Ended 
 August 31,
 
Nine Months Ended 
 August 31,
 
2017
 
2016
 
2017
 
2016
Net earnings (loss)
$
40.8

 
$
22.8

 
$
133.5

 
$
(55.0
)
The following summarizes activity related to our other transactions with Jefferies Finance (in millions):
 
Three Months Ended 
 August 31,
 
Nine Months Ended 
 August 31,
 
2017
 
2016
 
2017
 
2016
Origination and syndication fee revenues (1)
$
104.2

 
$
19.0

 
$
243.5

 
$
42.1

Origination fee expenses (1)
—

 
—

 
2.5

 
1.6

CLO placement fee revenues (2)
0.8

 
1.3

 
4.7

 
1.3

Derivative gains (losses) (3)
(0.2
)
 
—

 
(0.6
)
 
1.3

Service fees (4)
7.9

 
7.2

 
37.4

 
35.8

(1)
We engage in debt capital markets transactions with Jefferies Finance related to the originations and syndications of loans by Jefferies Finance. In connection with such services, we earned fees, which are recognized in Investment banking revenues in our Consolidated Statements of Earnings. In addition, we paid fees to Jefferies Finance in respect of certain loans originated by Jefferies Finance, which are recognized as Business development expenses in our Consolidated Statements of Earnings.
(2)
We act as a placement agent for CLOs managed by Jefferies Finance, for which we recognized fees, which are included in Investment banking revenues in our Consolidated Statement of Earnings. At August 31, 2017 and November 30, 2016, we held securities issued by CLOs managed by Jefferies Finance, which are included in Financial instruments owned, and provided a guarantee whereby we are required to make certain payments to a CLO in the event that Jefferies Finance is unable to meet its obligations to the CLO.
(3)
We have entered into participation agreements and derivative contracts with Jefferies Finance based upon certain securities issued by the CLO and we have recognized gains (losses) relating to the derivative contracts.
(4)
Under a service agreement, we charge Jefferies Finance for services provided.
Jefferies LoanCore, LLC  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information The following is a summary of selected financial information for Jefferies LoanCore (in millions):
 
August 31, 2017
 
November 30, 2016
Our total equity balance
$
208.9

 
$
156.3


 
Three Months Ended 
 August 31,
 
Nine Months Ended 
 August 31,
 
2017
 
2016
 
2017
 
2016
Net earnings
$
3.8

 
$
13.4

 
$
12.4

 
$
36.1

The following summarizes activity related to our transactions with Jefferies LoanCore (in thousands):
 
Three Months Ended 
 August 31,
 
Nine Months Ended 
 August 31,
 
2017
 
2016
 
2017
 
2016
Interest income and fees (1)
$
—

 
$
1,803

 
$
589

 
$
6,943

Service fees (2)
47

 
47

 
142

 
142

(1)
We enter into master repurchase agreements with Jefferies LoanCore and earn interest income and fees related to these agreements. At November 30, 2016, we had reverse repurchase agreements of $68.1 million in connection with these agreements.
(2)
Under a service agreement, we charge Jefferies LoanCore for services provided.
KCG  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information The following summarizes the changes in the fair value of our investment in KCG, which were recognized in Principal transactions revenues in our Consolidated Statements of Earnings (in millions):
 
Three Months Ended 
 August 31,
 
Nine Months Ended 
 August 31,
 
2017
 
2016
 
2017
 
2016
Net gains from our investment in KCG
$
2.2

 
$
6.1

 
$
93.4

 
$
24.6

The following is a summary of net earnings (loss) for KCG (in millions) reflecting available public financial information for KCG:
 
Three Months Ended
 
March 31, 2017
 
December 31, 2016
 
June 30, 2016
 
March 31, 2016
 
December 31, 2015
Net earnings (loss)
$
3.2

 
$
196.2

 
$
33.6

 
$
37.2

 
$
(3.0
)
We have separately entered into securities lending transactions with KCG, in the normal course of our capital markets activities. The following is a summary of the balances related to these activities (in millions):
 
November 30, 2016
Securities borrowed
$
9.2

Securities loaned
9.2
JCP Fund V  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information The following is a summary of the Net decrease in net assets resulting from operations for 100.0% of JCP Fund V, in which we own effectively 35.2% of the combined equity interests (in thousands):
 
Three Months Ended
 
June 30, 2017 (1)
 
March 31, 2017 (1)
 
December 31, 2016 (1)
 
June 30, 2016 (1)
 
March 31, 2016 (1)
 
December 31, 2015 (1)
Net increase (decrease) in net assets resulting from operations
$
(552
)
 
$
(19,552
)
 
$
(2,294
)
 
$
17,137

 
$
(11,806
)
 
$
(7,886
)
(1)
Financial information for JCP Fund V within our financial position at August 31, 2017 and November 30, 2016 and our results of operations for the three and nine months ended August 31, 2017 and August 31, 2016 is included based on the presented periodsThe following summarizes the results from these investments which are included in Asset management fees and investment gains (loss) from managed funds in our Consolidated Statements of Earnings (in millions):
 
Three Months Ended 
 August 31,
 
Nine Months Ended 
 August 31,
 
2017
 
2016
 
2017
 
2016
Net gains (losses) from our investments in JCP Fund V
$
(1.2
)
 
$
5.8

 
$
(9.1
)
 
$
(1.4
)
Epic Gas  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information The following is a summary of selected financial information for Epic Gas (in millions):
 
August 31, 
 2017
 
November 30, 2016
Our investment in Epic Gas
$
21.0

 
$
21.5

 
Three Months Ended
 
June 30, 2017 (1)
 
March 31, 2017 (1)
 
December 31, 2016 (1)
 
June 30, 2016 (1)
 
March 31, 2016 (1)
 
December 31, 2015 (1)
Net loss
$
(5.4
)
 
$
(3.4
)
 
$
(15.9
)
 
$
(0.9
)
 
$
(1.4
)
 
$
(11.4
)
(1)
Financial information for Epic Gas within our results of operations for the three and nine months ended August 31, 2017 and August 31, 2016 is included based on the presented periods.