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Lennar Financial Services Segment (Schedule Of Assets And Liabilities) (Details) - USD ($)
$ in Thousands
Feb. 28, 2018
Nov. 30, 2017
Feb. 28, 2017
Feb. 10, 2017
Nov. 30, 2016
Assets:          
Cash and cash equivalents $ 1,029,585 $ 2,650,872 $ 929,060   $ 1,329,529
Total assets [1] 27,944,023 18,745,034      
Liabilities:          
Total liabilities [2] 14,769,939 10,758,902      
WCI Communities, Inc.          
Assets:          
Goodwill       $ 156,566  
Lennar Financial Services          
Assets:          
Cash and cash equivalents 165,849 117,410      
Restricted cash 11,251 12,006      
Receivables, net 366,100 313,252      
Lennar Financial Services loans held-for-sale 689,172 937,516      
Loans held-for-investment, net 69,832 44,193      
Investments held-to-maturity 60,831 52,327      
Investments available-for-sale 57,768 57,439      
Goodwill 210,628 59,838      
Other 117,001 95,527      
Total assets [1] 1,748,432 1,689,508      
Liabilities:          
Notes and other debts payable 772,240 937,431      
Other 232,762 240,383      
Total liabilities [2] 1,005,002 1,177,814      
Self-insurance reserves 57,200 57,700      
Lennar Financial Services | Servicing Contracts          
Liabilities:          
Mortgage servicing rights 36,800 31,200      
Lennar Financial Services | Mortgage loan commitments          
Liabilities:          
Other asset 11,700 9,900      
Lennar Financial Services | Forward Contracts          
Liabilities:          
Other asset   $ 1,700      
Other liability 4,800        
Lennar Financial Services | WCI Communities, Inc.          
Assets:          
Goodwill $ 20,000        
[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, 2018, total assets include $864.8 million related to consolidated VIEs of which $7.6 million is included in Lennar Homebuilding cash and cash equivalents, $0.1 million in Lennar Homebuilding receivables, net, $45.4 million in Lennar Homebuilding finished homes and construction in progress, $308.8 million in Lennar Homebuilding land and land under development, $366.7 million in Lennar Homebuilding consolidated inventory not owned, $4.5 million in Lennar Homebuilding investments in unconsolidated entities, $11.7 million in Lennar Homebuilding other assets, $20.0 million in Rialto assets and $100.0 million in Lennar Multifamily assets.
As of November 30, 2017, total assets include $799.4 million related to consolidated VIEs of which $15.8 million is included in Lennar Homebuilding cash and cash equivalents, $0.2 million in Lennar Homebuilding receivables, net, $53.2 million in Lennar Homebuilding finished homes and construction in progress, $229.0 million in Lennar Homebuilding land and land under development, $393.3 million in Lennar Homebuilding consolidated inventory not owned, $4.6 million in Lennar Homebuilding investments in unconsolidated entities, $11.8 million in Lennar Homebuilding other assets, $48.8 million in Rialto assets and $42.7 million in Lennar Multifamily assets.
[2] 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, 2018, total liabilities include $366.0 million related to consolidated VIEs as to which there was no recourse against the Company, of which $4.5 million is included in Lennar Homebuilding accounts payable, $11.1 million in Lennar Homebuilding senior notes and other debts payable, $347.0 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.5 million in Lennar Homebuilding other liabilities, $1.8 million in Rialto liabilities and $0.1 million in Lennar Multifamily liabilities.
As of November 30, 2017, total liabilities include $389.7 million related to consolidated VIEs as to which there was no recourse against the Company, of which $5.0 million is included in Lennar Homebuilding accounts payable, $380.7 million in Lennar Homebuilding liabilities related to consolidated inventory not owned, $1.8 million in Lennar Homebuilding other liabilities and $2.2 million in Rialto liabilities.