CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands		Total		Member’s paid-in capital	Accumulated other comprehensive income (loss), net of tax	Total Jefferies Group LLC member’s equity	Noncontrolling interests
Balance, beginning of period at Nov. 30, 2016				$ 5,538,103	$ (168,157)		$ 651
Stockholders' Equity
Net earnings (loss)		$ 357,584		357,498			86
Currency translation adjustments		53,396	[1]		53,396
Changes in instrument specific credit risk		(21,394)	[2]		(21,394)
Cash flow hedges		(936)	[3]		(936)
Pension adjustments		312	[4]		312
Unrealized gain on available-for-sale securities	[5]	0
Balance, end of period at Nov. 30, 2017		5,759,559		5,895,601	(136,779)	$ 5,758,822	737
Stockholders' Equity
Net earnings (loss)		159,017		158,761			256
Contribution from Jefferies Financial Group Inc.				600,247	(1,998)
Distribution to Jefferies Financial Group Inc.				(279,381)
Tax Cuts and Jobs Act adjustment				7,555
Currency translation adjustments		(85,554)	[1]		(85,554)
Changes in instrument specific credit risk		22,160	[2]		22,160
Cash flow hedges		1,406	[3]		1,406
Pension adjustments		4,285	[4]		4,285
Unrealized gain on available-for-sale securities		311	[5]		311
Contributions							10
Distributions							(7,408)
Consolidation of asset management entity							8,316
Balance, end of period at Nov. 30, 2018		6,182,404		6,376,662	(196,169)	6,180,493	1,911
Stockholders' Equity
Net earnings (loss)		244,385		246,029			(1,644)
Distribution to Jefferies Financial Group Inc.				(293,014)
Currency translation adjustments		6,426	[1]		6,426
Changes in instrument specific credit risk		(13,161)	[2]		(13,161)
Cash flow hedges		(470)	[3]		(470)
Pension adjustments		(1,318)	[4]		(1,318)
Unrealized gain on available-for-sale securities		487	[5]		487
Contributions							6,600
Distributions							(2,592)
Balance, end of period at Nov. 30, 2019		$ 6,129,747		$ 6,329,677	$ (204,205)	$ 6,125,472	$ 4,275

[1] The amounts include income tax benefits (expenses) of approximately $(3.2) million and $8.9 million during the year ended November 30, 2019 and 2018, 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 year ended November 30, 2018 also includes 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 benefits (expenses) of approximately $4.5 million, $(15.5) million, and $13.2 million for the years ended November 30, 2019, 2018 and 2017, respectively. The amount for the year ended November 30, 2019 includes a gain of $0.4 million, net of taxes of $0.2 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 year ended November 30, 2018 includes a gain of $0.9 million, net of taxes of $0.3 million, related to changes in instrument specific risk, which was reclassified to Principal transactions revenues within the Consolidated Statements of Earnings and also includes $(6.5) million related to the Tax Act, which was reclassified to Member’s paid-in capital.

[3] The amounts include income tax benefits (expenses) of approximately $0.2 million, $(0.8) million, and $0.6 million for the years ended November 30, 2019, 2018 and 2017, respectively. The cash flow hedge loss of $0.5 million during the year ended November 30, 2019 was 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 amount during the year ended November 30, 2018 also includes $(0.2) million related to the Tax Act, which was reclassified to Member’s paid-in capital.

[4] The amounts include income tax benefits (expenses) of $0.5 million, $(0.7) million and $0.1 million for the years ended November 30, 2019, 2018 and 2017, respectively. The amount during the year ended November 30, 2019 includes pension losses of $(0.1) million, which was reclassified to Compensation and benefits expenses within the Consolidated Statements of Earnings. The amount during the year ended November 30, 2018 includes $5.3 million related to the transfer of the German Pension Plan and $(0.3) million, net of taxes of $0.1 million, related to pension losses, which were 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.

[5] The amounts for the years ended November 30, 2019 and 2018 include income tax expense of approximately $0.2 million and $0.1 million, respectively.