CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - 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, 2018			$ 6,376,662	$ (196,169)		$ 1,911
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	$ 156,184		155,901			283
Distributions to Jefferies Financial Group Inc.			(177,950)
Currency translation adjustments and other	(6,185)	[1]		(6,185)
Changes in instrument specific credit risk	20,644	[2]		20,644
Cash flow hedges	(470)	[3]		(470)
Unrealized gain on available-for-sale securities	379	[4]		379
Contributions						6,600
Distributions						(2,481)
Balance, end of period at May. 31, 2019	6,179,125		6,354,613	(181,801)	$ 6,172,812	6,313
Balance, beginning of period at Feb. 28, 2019			6,299,653	(148,385)		5,914
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	109,819		109,920			(101)
Distributions to Jefferies Financial Group Inc.			(54,960)
Currency translation adjustments and other	(36,245)	[1]		(36,245)
Changes in instrument specific credit risk	2,815	[2]		2,815
Cash flow hedges	(219)	[3]		(219)
Unrealized gain on available-for-sale securities	233	[4]		233
Contributions						2,000
Distributions						(1,500)
Balance, end of period at May. 31, 2019	6,179,125		6,354,613	(181,801)	6,172,812	6,313
Balance, beginning of period at Nov. 30, 2019			6,329,677	(204,205)		4,275
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	300,261		304,127			(3,866)
Distributions to Jefferies Financial Group Inc.			(152,064)
Currency translation adjustments and other	(37,522)	[1]		(37,522)
Changes in instrument specific credit risk	171,734	[2]		171,734
Cash flow hedges	0	[3]		0
Unrealized gain on available-for-sale securities	433	[4]		433
Contributions						17,405
Distributions						(216)
Balance, end of period at May. 31, 2020	6,429,778		6,481,740	(69,560)	6,412,180	17,598
Balance, beginning of period at Feb. 29, 2020			6,503,066	(189,968)		19,351
Increase (Decrease) in Stockholders' Equity
Net earnings (loss)	128,896		130,738			(1,842)
Distributions to Jefferies Financial Group Inc.			(152,064)
Currency translation adjustments and other	(28,526)	[1]		(28,526)
Changes in instrument specific credit risk	148,738	[2]		148,738
Cash flow hedges	0	[3]		0
Unrealized gain on available-for-sale securities	196	[4]		196
Contributions						305
Distributions						(216)
Balance, end of period at May. 31, 2020	$ 6,429,778		$ 6,481,740	$ (69,560)	$ 6,412,180	$ 17,598

[1] The amounts include income tax benefits of approximately $8.8 million and $11.9 million during the three and six months ended May 31, 2020, respectively, and income tax benefits of $9.1 million and $1.7 million during the three and six months ended May 31, 2019, respectively.

[2] The amounts include income tax expenses of approximately $50.7 million and $58.6 million during the three and six months ended May 31, 2020, respectively, and income tax expense of approximately $1.0 million and $7.0 million for the three and six months ended May 31, 2019. The amounts during the three and six months ended May 31, 2020 includes losses of $1.7 million and $2.0 million, respectively, net of income tax benefits of $0.4 million and $0.5 million, respectively, related to changes in instrument specific risk, which was reclassified to Principal transactions revenues in our Consolidated Statements of Earnings. The amounts during the three and six months ended May 31, 2019 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 in our Consolidated Statements of Earnings.

[3] The amount during the three and six months ended May 31, 2019 includes 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.

[4] The amounts include income tax expenses of $0.1 million and $0.2 million during the three and six months ended May 31, 2020, respectively, and income tax expenses of $0.1 million and $0.2 million during the three and six months ended May 31, 2019, respectively.