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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 (loss) $ 1,231,472 1,232,635       (1,163)
Contribution from Jefferies Financial Group Inc.   153,557        
Distributions to Jefferies Financial Group Inc.   (769,875)        
Settlement of related balances from the transfer of employees from Jefferies Financial Group Inc. to Jefferies Group LLC   0        
Currency translation and other adjustments 5,484 [1]     5,484    
Changes in instrument-specific credit risk (76,522) [2]     (76,522)    
Unrealized losses on available-for-sale securities (136)     (136)    
Contributions           2,595
Distributions           (14,883)
Deconsolidation of asset management entity           0
Balance, end of period at Aug. 31, 2021 6,900,522 7,188,343   (291,759) $ 6,896,584 3,938
Balance, beginning of period at May. 31, 2021   6,978,468   (297,272)   6,152
Increase (Decrease) in Stockholders' Equity            
Net earnings (loss) 419,154 419,751       (597)
Contribution from Jefferies Financial Group Inc.   0        
Distributions to Jefferies Financial Group Inc.   (209,876)        
Settlement of related balances from the transfer of employees from Jefferies Financial Group Inc. to Jefferies Group LLC   0        
Currency translation and other adjustments (8,937) [1]     (8,937)    
Changes in instrument-specific credit risk 14,499 [2]     14,499    
Unrealized losses on available-for-sale securities (49)     (49)    
Contributions           0
Distributions           (1,617)
Deconsolidation of asset management entity           0
Balance, end of period at Aug. 31, 2021 6,900,522 7,188,343   (291,759) 6,896,584 3,938
Balance, beginning of period at Nov. 30, 2021 7,078,608 7,381,391   (313,907)   11,124
Increase (Decrease) in Stockholders' Equity            
Net earnings (loss) 548,723 547,982       741
Contribution from Jefferies Financial Group Inc. 476,500 476,549        
Distributions to Jefferies Financial Group Inc.   (273,991)        
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 (47,878) [1]     (47,878)    
Changes in instrument-specific credit risk 70,025 [2]     70,025    
Unrealized losses on available-for-sale securities (1,036)     (1,036)    
Contributions           29,219
Distributions           0
Deconsolidation of asset management entity           (21,221)
Balance, end of period at Aug. 31, 2022 7,857,597 8,130,530   (292,796) 7,837,734 19,863
Balance, beginning of period at May. 31, 2022   8,097,258   (259,093)   19,678
Increase (Decrease) in Stockholders' Equity            
Net earnings (loss) 65,721 66,545       (824)
Contribution from Jefferies Financial Group Inc.   0        
Distributions to Jefferies Financial Group Inc.   (33,273)        
Settlement of related balances from the transfer of employees from Jefferies Financial Group Inc. to Jefferies Group LLC   0        
Currency translation and other adjustments (26,038) [1]     (26,038)    
Changes in instrument-specific credit risk (7,175) [2]     (7,175)    
Unrealized losses on available-for-sale securities (490)     (490)    
Contributions           1,009
Distributions           0
Deconsolidation of asset management entity           0
Balance, end of period at Aug. 31, 2022 $ 7,857,597 $ 8,130,530   $ (292,796) $ 7,837,734 $ 19,863
[1] The amounts include income tax benefits of approximately $6.5 million and $14.8 million during the three and nine months ended August 31, 2022, respectively, and income tax benefits (expenses) of approximately $2.9 million and $(1.6) million during the three and nine months ended August 31, 2021, respectively.
[2] The amounts include income tax benefits (expenses) of approximately $2.3 million and $(22.4) million during the three and nine months ended August 31, 2022, respectively, and income tax benefits (expenses) of approximately $(4.6) million and $24.8 million during the three and nine months ended August 31, 2021, respectively. The amounts during the three and nine months ended August 31, 2021 also include net gains (losses) of $1.0 million and $(1.9) million, respectively, net of income tax benefits (expenses) of $(0.3) million and $0.6 million, respectively, related to changes in instrument specific-credit risk, which were reclassified to Principal transactions revenues in our Consolidated Statement of Earnings.