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Lennar Financial Services Segment (Schedule Of Assets And Liabilities) (Details) - USD ($)
$ in Thousands
May 31, 2016
Nov. 30, 2015
May 31, 2015
Nov. 30, 2014
Assets:        
Cash and cash equivalents $ 815,477 $ 1,158,445 $ 920,157 $ 1,281,814
Total assets [1] 14,847,801 14,419,509    
Liabilities:        
Total liabilities [2] 8,484,867 8,469,437    
Lennar Financial Services        
Assets:        
Cash and cash equivalents 105,596 106,777    
Restricted cash 13,625 13,961    
Receivables, net 217,692 242,808    
Loans held-for-sale 862,289 843,252    
Loans held-for-investment, net 30,671 30,998    
Investments held-to-maturity 35,307 40,174    
Investments available-for-sale 49,083 42,827    
Goodwill 39,439 38,854    
Other 69,977 66,186    
Total assets [1] 1,423,679 1,425,837    
Liabilities:        
Notes and other debts payable 854,055 858,300    
Other 225,443 225,678    
Total liabilities [2] 1,079,498 1,083,978    
Self-insurance reserves 58,200 65,000    
Lennar Financial Services | Servicing Contracts        
Liabilities:        
Mortgage servicing rights 18,200 16,800    
Lennar Financial Services | Mortgage loan commitments        
Liabilities:        
Other asset 18,900 13,100    
Lennar Financial Services | Forward Contracts        
Liabilities:        
Other asset   $ 500    
Other liability $ 1,600      
[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 May 31, 2016, total assets include $645.1 million related to consolidated VIEs of which $8.2 million is included in Lennar Homebuilding cash and cash equivalents, $0.1 million in Lennar Homebuilding receivables, net, $6.2 million in Lennar Homebuilding finished homes and construction in progress, $158.8 million in Lennar Homebuilding land and land under development, $134.5 million in Lennar Homebuilding consolidated inventory not owned, $4.5 million in Lennar Homebuilding investments in unconsolidated entities, $21.4 million in Lennar Homebuilding other assets, $280.0 million in Rialto assets and $31.4 million in Lennar Multifamily assets.As of November 30, 2015, total assets include $652.3 million related to consolidated VIEs of which $9.6 million is included in Lennar Homebuilding cash and cash equivalents, $0.5 million in Lennar Homebuilding receivables, net, $3.9 million in Lennar Homebuilding finished homes and construction in progress, $154.2 million in Lennar Homebuilding land and land under development, $58.9 million in Lennar Homebuilding consolidated inventory not owned, $35.8 million in Lennar Homebuilding investments in unconsolidated entities, $22.7 million in Lennar Homebuilding other assets, $355.2 million in Rialto assets and $11.5 million in Lennar Multifamily assets.
[2] As of May 31, 2016, total liabilities include $146.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $1.7 million is included in Lennar Homebuilding accounts payable, $115.8 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.8 million in Lennar Homebuilding other liabilities, $11.3 million in Rialto liabilities and $15.9 million in Lennar Multifamily liabilities.As of November 30, 2015, total liabilities include $84.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $2.0 million is included in Lennar Homebuilding accounts payable, $51.4 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $15.6 million in Lennar Homebuilding other liabilities, $11.3 million in Rialto liabilities and $4.0 million in Lennar Multifamily liabilities.