Lennar Homebuilding Investments In Unconsolidated Entities (Tables) - Lennar Homebuilding [Member]

12 Months Ended

Nov. 30, 2015

Schedule of Equity Method Investments [Line Items]

Condensed Financial Information By Equity Method Investment, Statements Of Operations

Summarized condensed financial information on a combined 100% basis related to Lennar Homebuilding’s unconsolidated entities that are accounted for by the equity method was as follows:

Statements of Operations
	Years Ended November 30,
(In thousands)	2015		2014		2013
Revenues	$	1,309,517	263,395		570,910
Costs and expenses	969,509		291,993		425,282
Other income	49,343		—		14,602
Net earnings (loss) of unconsolidated entities	$	389,351	(28,598	)	160,230
Lennar Homebuilding equity in earnings (loss) from unconsolidated entities	$	63,373	(355	)	23,803

Balance Sheets

Balance Sheets
	November 30,
(In thousands)	2015		2014
Assets:
Cash and cash equivalents	$	248,980	243,597
Inventories	3,059,054		2,889,267
Other assets	465,404		155,470
	$	3,773,438	3,288,334
Liabilities and equity:
Accounts payable and other liabilities	$	288,192	271,638
Debt	792,886		737,755
Equity	2,692,360		2,278,941
	$	3,773,438	3,288,334

Total Debt Of Unconsolidated Entities

The total debt of the Lennar Homebuilding unconsolidated entities in which the Company has investments was as follows:

	November 30,
(Dollars in thousands)	2015			2014
Non-recourse bank debt and other debt (partner’s share of several recourse)	$	50,411		56,573
Non-recourse land seller debt and other debt (1)	324,000			4,022
Non-recourse debt with completion guarantees (2)	146,760			442,854
Non-recourse debt without completion guarantees	260,734			209,825
Non-recourse debt to the Company	781,905			713,274
The Company’s maximum recourse exposure	10,981			24,481
Total debt	$	792,886		737,755
The Company’s maximum recourse exposure as a % of total JV debt	1		%	3	%

(1) Non-recourse land seller debt and other debt as of November 30, 2015 included a $320 million non-recourse note related to a transaction between El Toro and an unconsolidated joint venture, described previously.

(2) The decrease in non-recourse debt with completion guarantees was primarily related to a debt paydown by El Toro as a result of sales of homesites and debt extinguishment.