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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Member's paid-in capital
Member's paid-in capital
Adjustment for change in accounting principle for current expected credit losses
Accumulated other comprehensive income (loss), net of tax
Total Jefferies Group LLC member’s equity
Noncontrolling interests
Balance, beginning of period at Nov. 30, 2020   $ 6,569,328 $ 2,698 $ (220,585)   $ 17,389
Increase (Decrease) in Stockholders' Equity            
Net earnings $ 493,865 494,068       (203)
Contribution from Jefferies Financial Group Inc.   153,557        
Distributions to Jefferies Financial Group Inc.   (400,591)        
Settlement of related balances from the transfer of employees from Jefferies Financial Group Inc. to Jefferies Group LLC   0        
Currency translation and other adjustments 10,939 [1]     10,939    
Changes in instrument-specific credit risk (69,436) [2]     (69,436)    
Unrealized losses on available-for-sale securities (60)     (60)    
Contributions           0
Distributions           (1,473)
Balance, end of period at Feb. 28, 2021 6,555,631 6,819,060   (279,142) $ 6,539,918 15,713
Balance, beginning of period at Nov. 30, 2020   6,569,328 2,698 (220,585)   17,389
Balance, end of period at Nov. 30, 2021 $ 7,078,608 7,381,391 $ 0 (313,907)   11,124
Increase (Decrease) in Stockholders' Equity            
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member          
Net earnings $ 341,143 341,410       (267)
Contribution from Jefferies Financial Group Inc. 476,500 476,549        
Distributions to Jefferies Financial Group Inc.   (170,705)        
Settlement of related balances from the transfer of employees from Jefferies Financial Group Inc. to Jefferies Group LLC   (1,401)        
Currency translation and other adjustments 380 [1]     380    
Changes in instrument-specific credit risk 41,434 [2]     41,434    
Unrealized losses on available-for-sale securities (173)     (173)    
Contributions           1,176
Distributions           0
Balance, end of period at Feb. 28, 2022 $ 7,767,011 $ 8,027,244   $ (272,266) $ 7,754,978 $ 12,033
[1] The amount includes income tax expense of approximately $3.2 million during the three months ended February 28, 2021.
[2] The amounts include income tax benefits (expenses) of approximately $(13.2) million and $22.3 million during the three months ended February 28, 2022 and 2021, respectively. The amount during the three months ended February 28, 2021 also includes a net loss of $0.2 million, net of an income tax benefit $0.1 million, related to changes in instrument specific-credit risk, which was reclassified to Principal transactions revenues in our Consolidated Statement of Earnings.