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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Feb. 28, 2015
Nov. 30, 2014
ASSETS    
Cash and cash equivalents $ 818,430us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,281,814us-gaap_CashAndCashEquivalentsAtCarryingValue
Inventories:    
Total assets 13,120,645us-gaap_Assets [1] 12,958,267us-gaap_Assets [1]
LIABILITIES AND EQUITY    
Senior notes and other debts payable 5,133,118us-gaap_NotesPayable 4,690,213us-gaap_NotesPayable
Total liabilities 7,811,655us-gaap_Liabilities [2] 7,706,965us-gaap_Liabilities [2]
Stockholders' equity:    
Preferred stock 0us-gaap_PreferredStockValue [2] 0us-gaap_PreferredStockValue [2]
Additional paid-in capital 2,250,236us-gaap_AdditionalPaidInCapitalCommonStock [2] 2,239,704us-gaap_AdditionalPaidInCapitalCommonStock [2]
Retained earnings 2,766,789us-gaap_RetainedEarningsAccumulatedDeficit [2] 2,660,034us-gaap_RetainedEarningsAccumulatedDeficit [2]
Treasury stock, at cost; February 28, 2015 - 346,702 shares of Class A common stock and 1,679,620 shares of Class B common stock; November 30, 2014 - 505,420 shares of Class A common stock and 1,679,620 shares of Class B common stock (85,414)us-gaap_TreasuryStockValue [2] (93,440)us-gaap_TreasuryStockValue [2]
Total stockholders' equity 4,952,334us-gaap_StockholdersEquity [2] 4,827,020us-gaap_StockholdersEquity [2]
Noncontrolling interests 356,656us-gaap_MinorityInterest [2] 424,282us-gaap_MinorityInterest [2]
Total equity 5,308,990us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [2] 5,251,302us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest [2]
Total liabilities and equity 13,120,645us-gaap_LiabilitiesAndStockholdersEquity [2] 12,958,267us-gaap_LiabilitiesAndStockholdersEquity [2]
Lennar Homebuilding [Member]    
ASSETS    
Cash and cash equivalents 583,754us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 885,729us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Restricted cash 10,520us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 9,849us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Receivables, net 69,541us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 93,444us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Inventories:    
Finished homes and construction in progress 3,486,172us-gaap_InventoryHomesUnderConstruction
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 3,082,345us-gaap_InventoryHomesUnderConstruction
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Land and land under development 4,870,087us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 4,601,802us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Land under purchase options, recorded 50,243us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 52,453us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Total inventories 8,406,502us-gaap_InventoryRealEstate
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 7,736,600us-gaap_InventoryRealEstate
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Investments in unconsolidated entities 684,135us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 656,837us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Other assets 592,026us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 672,589us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
Total assets 10,346,478us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1] 10,055,048us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[1]
LIABILITIES AND EQUITY    
Accounts payable 388,206us-gaap_AccountsPayableCurrent
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 412,558us-gaap_AccountsPayableCurrent
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Liabilities related to consolidated inventory not owned 43,121len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 45,028len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Senior notes and other debts payable 5,133,118us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 4,690,213us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Other liabilities 686,731us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 863,236us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Total liabilities 6,251,176us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2] 6,011,035us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarHomebuildingMember
[2]
Rialto [Member]    
ASSETS    
Cash and cash equivalents 147,219us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 303,889us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Restricted cash 19,488us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[3] 46,975us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[3]
Receivables, net 0us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[4] 153,773us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[4]
Inventories:    
Investments in unconsolidated entities 182,878us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 175,700us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
Total assets 1,379,841us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1] 1,458,152us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[1]
LIABILITIES AND EQUITY    
Senior notes and other debts payable 646,082us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2],[5] 623,246us-gaap_NotesPayable
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2],[5]
Other liabilities 51,676us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2] 123,798us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2]
Total liabilities 697,758us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2] 747,044us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_RialtoInvestmentsMember
[2]
Lennar Financial Services [Member]    
ASSETS    
Cash and cash equivalents 84,201us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
90,010us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
Restricted cash 8,347us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
8,609us-gaap_RestrictedCashAndCashEquivalents
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
Receivables, net 113,625us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[6] 150,858us-gaap_AccountsReceivableNet
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[6]
Inventories:    
Other assets 86,739us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[7] 78,394us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[7]
Total assets 1,113,960us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
1,177,053us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[1]
LIABILITIES AND EQUITY    
Other liabilities 185,055us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[8] 192,500us-gaap_OtherLiabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[8]
Total liabilities 817,546us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[2] 896,643us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarFinancialServicesMember
[2]
Lennar Multifamily [Member]    
ASSETS    
Cash and cash equivalents 3,256us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
2,186us-gaap_CashAndCashEquivalentsAtCarryingValue
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Inventories:    
Land and land under development 121,706us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
120,666us-gaap_InventoryRealEstateLandAndLandDevelopmentCosts
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Land under purchase options, recorded 5,508us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
5,508us-gaap_LandUnderPurchaseOptionsRecorded
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Investments in unconsolidated entities 123,978us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
105,674us-gaap_EquityMethodInvestments
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Other assets 25,699us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
18,240us-gaap_OtherAssets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Total assets 280,366us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
268,014us-gaap_Assets
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
[1]
LIABILITIES AND EQUITY    
Liabilities related to consolidated inventory not owned 4,008len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
4,008len_LiabilitiesRelatedToInventoryRealEstateNotOwned
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Total liabilities 45,175us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
52,243us-gaap_Liabilities
/ us-gaap_StatementBusinessSegmentsAxis
= len_LennarMultifamilyMember
Class A Common Stock [Member]    
Stockholders' equity:    
Common stock 17,425us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[2] 17,424us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[2]
Total equity 17,425us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
17,424us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Class B Common Stock [Member]    
Stockholders' equity:    
Common stock 3,298us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[2] 3,298us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[2]
Total equity $ 3,298us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
$ 3,298us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassBMember
[1] Under certain provisions of Accounting Standards Codification (“ASC”) Topic 810, Consolidations, (“ASC 810”) the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities (“VIEs”) and liabilities of consolidated VIEs as to which neither Lennar Corporation, or any of its subsidiaries, has any obligations.As of February 28, 2015, total assets include $818.9 million related to consolidated VIEs of which $13.9 million is included in Lennar Homebuilding cash and cash equivalents, $0.3 million in Lennar Homebuilding restricted cash, $0.4 million in Lennar Homebuilding receivables, net, $0.3 million in Lennar Homebuilding finished homes and construction in progress, $195.3 million in Lennar Homebuilding land and land under development, $50.2 million in Lennar Homebuilding consolidated inventory not owned, $28.9 million in Lennar Homebuilding investments in unconsolidated entities, $101.8 million in Lennar Homebuilding other assets, $423.8 million in Rialto assets and $4.0 million in Lennar Multifamily assets.As of November 30, 2014, total assets include $929.1 million related to consolidated VIEs of which $11.7 million is included in Lennar Homebuilding cash and cash equivalents, $0.3 million in Lennar Homebuilding restricted cash, $0.2 million in Lennar Homebuilding receivables, net, $0.2 million in Lennar Homebuilding finished homes and construction in progress, $208.2 million in Lennar Homebuilding land and land under development, $52.5 million in Lennar Homebuilding consolidated inventory not owned, $23.9 million in Lennar Homebuilding investments in unconsolidated entities, $104.6 million in Lennar Homebuilding other assets, $508.4 million in Rialto assets and $19.2 million in Lennar Multifamily assets.
[2] As of February 28, 2015, total liabilities include $140.6 million related to consolidated VIEs as to which there was no recourse against the Company, of which $7.4 million is included in Lennar Homebuilding accounts payable, $43.1 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $61.5 million in Lennar Homebuilding senior notes and other debts payable, $14.9 million in Lennar Homebuilding other liabilities and $13.8 million in Rialto liabilities.As of November 30, 2014, total liabilities include $149.8 million related to consolidated VIEs as to which there was no recourse against the Company, of which $6.8 million is included in Lennar Homebuilding accounts payable, $45.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $61.6 million in Lennar Homebuilding senior notes and other debts payable, $14.8 million in Lennar Homebuilding other liabilities and $21.5 million in Rialto liabilities.
[3] Restricted cash primarily consists of cash held in escrow by the Company's loan servicer provider on behalf of customers and lenders and is disbursed in accordance with agreements between the transacting parties.
[4] Receivables, net primarily relate to loans sold but not settled as of November 30, 2014.
[5] Notes and other debts payable include $351.8 million and $351.9 million related to the 7.00% Senior Notes due 2018 (“7.00% Senior Notes”) as of February 28, 2015 and November 30, 2014, respectively, $183.2 million and $141.3 million related to the RMF warehouse repurchase financing agreements as of February 28, 2015 and November 30, 2014, respectively, and $40.4 million and $58.0 million related to the notes issued through a structured note offering as of February 28, 2015 and November 30, 2014, respectively.
[6] Receivables, net primarily related to loans sold to investors for which the Company had not yet been paid as of February 28, 2015 and November 30, 2014, respectively.
[7] Other assets included mortgage loan commitments carried at fair value of $19.0 million and $12.7 million as of February 28, 2015 and November 30, 2014, respectively. As of February 28, 2015 and November 30, 2014, other assets also included mortgage servicing rights carried at fair value of $16.8 million and $17.4 million, respectively, and other investment securities of $19.3 million and $16.8 million, respectively.
[8] Other liabilities included $68.9 million and $69.3 million as of February 28, 2015 and November 30, 2014, respectively, of certain of the Company’s self-insurance reserves related to general liability and workers’ compensation. Other liabilities also included forward contracts carried at fair value of $7.6 million as of November 30, 2014.