CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		May 31, 2019	May 31, 2018	May 31, 2019	May 31, 2018
Statement of Comprehensive Income [Abstract]
Net earnings		$ 109,819	$ 98,008	$ 156,184	$ 37,189
Other comprehensive income (loss), net of tax:
Currency translation and other adjustments	[1]	(36,245)	(61,188)	(6,185)	(45,169)
Changes in instrument specific credit risk	[2]	2,815	26,017	20,644	7,904
Cash flow hedges	[3]	(219)	251	(470)	1,297
Unrealized gain on available-for-sale securities	[4]	233	0	379	0
Total other comprehensive income (loss), net of tax	[5]	(33,416)	(34,920)	14,368	(35,968)
Comprehensive income		76,403	63,088	170,552	1,221
Net earnings (loss) attributable to noncontrolling interests		(101)	4	283	3
Comprehensive income attributable to Jefferies Group LLC		$ 76,504	$ 63,084	$ 170,269	$ 1,218

[1] The amounts during the three and six months ended May 31, 2019 include income tax benefits of $9.1 million and $1.7 million, respectively, related to the impact of certain discrete items related to tax planning for our non-U.S. subsidiaries in connection with the Tax Cuts and Jobs Act (the “Tax Act”). The amount during the six months ended May 31, 2018 includes $5.3 million related to the transfer of the German Pension Plan, which was reclassified to Compensation and benefits expenses within the Consolidated Statements of Earnings and ($0.8) million related to the Tax Act, which was reclassified to Member’s paid-in capital. The amounts during the three and six months ended May 31, 2018 include a gain of $20.5 million related to foreign currency gains, which was reclassified to Other revenues within the Consolidated Statements of Earnings.

[2] The amounts include income tax expenses of approximately $1.0 million and $7.0 million for the three and six months ended May 31, 2019, respectively, and income tax expenses of approximately $8.8 million and $10.7 million for the three and six months ended May 31, 2018, respectively. The amounts during the three and six months ended May 31, 2019 also include gains of $0.2 million and $0.5 million, respectively, net of taxes of $0.1 million and $0.2 million, respectively, related to changes in instrument specific risk, which was reclassified to Principal transactions revenues within the Consolidated Statements of Earnings. The amounts during the three and six months ended May 31, 2018 also include a gain of $0.3 million related to changes in instrument specific risk, which was reclassified to Principal transactions revenues within the Consolidated Statements of Earnings. The amount during the six months ended May 31, 2018 includes ($6.5) million related to the Tax Act, which was reclassified to Member’s paid-in capital.

[3] The amounts during the three and six months ended May 31, 2019 include income tax benefits of $0.1 million and $0.2 million, respectively. The cash flow hedge losses of $0.2 million and $0.5 million, respectively, were reclassified to Other revenues within the Consolidated Statement of Earnings due to the sale of all of our common shares of Epic Gas Ltd. (“Epic Gas”). Refer to Note 9, Investments for further information. The amounts during the three and six months ended May 31, 2018 include income tax expenses of $0.1 million and $0.7 million, respectively. The income tax expense during the six months ended May 31, 2018 includes ($0.2) million related to the Tax Act, which was reclassified to Member’s paid-in capital.

[4] The amounts during the three and six months ended May 31, 2019 include income tax expenses of approximately $0.1 million and $0.2 million, respectively.

[5] None of the components of other comprehensive income (loss) are attributable to noncontrolling interests.