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Financial Services Segment (Schedule Of Assets And Liabilities) (Details) - USD ($)
$ in Thousands
May 31, 2019
Nov. 30, 2018
May 31, 2018
Feb. 12, 2018
Assets:        
Total assets [1] $ 29,583,064 $ 28,566,181    
Liabilities:        
Total liabilities [2] 14,336,529 13,883,224    
CalAtlantic Group, Inc.        
Assets:        
Goodwill       $ 3,300,000
Financial Services        
Assets:        
Cash and cash equivalents 171,892 188,485 $ 162,992  
Restricted cash 14,868 17,944 12,892  
Receivables, net 230,452 731,169    
Lennar Financial Services loans held-for-sale 1,420,275 1,213,889    
Loans held-for-investment, net 76,248 70,216    
Investments held-to-maturity 199,412 189,472    
Investments available-for-sale 3,356 4,161    
Goodwill 215,516 237,688    
Other 136,244 125,886    
Total assets [1] 2,468,263 2,778,910    
Liabilities:        
Notes and other debts payable 1,214,017 1,558,702    
Other 266,989 309,500    
Total liabilities [2] 1,481,006 1,868,202    
Self-insurance reserves 61,000 60,300    
Financial Services | Servicing Contracts        
Liabilities:        
Mortgage servicing rights 29,400 37,200    
Financial Services | Mortgage loan commitments        
Liabilities:        
Other asset 25,200 16,400    
Financial Services | Forward Contracts        
Liabilities:        
Other liability (11,300) (10,400)    
Financial Services | CalAtlantic Group, Inc.        
Assets:        
Goodwill       $ 175,400
Lennar Other        
Assets:        
Cash and cash equivalents 15,768 24,334 43,729  
Restricted cash 975 7,175 $ 12,096  
Investments held-to-maturity 60,449 59,974    
Other 35,257 47,740    
Total assets [1] 549,150 588,959    
Liabilities:        
Other 14,861 53,020    
Total liabilities [2] $ 30,039 $ 67,508    
[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, 2019, total assets include $1.4 billion related to consolidated VIEs of which $52.9 million is included in Homebuilding cash and cash equivalents, $103.3 million in Homebuilding receivables, net, $240.1 million in Homebuilding finished homes and construction in progress, $301.0 million in Homebuilding land and land under development, $394.7 million in Homebuilding consolidated inventory not owned, $4.1 million in Homebuilding investments in unconsolidated entities, $10.4 million in Homebuilding other assets, $187.2 million in Financial Services assets, $50.8 million in Multifamily assets and $7.2 million in Lennar Other assets.
As of November 30, 2018, total assets include $666.2 million related to consolidated VIEs of which $57.6 million is included in Homebuilding cash and cash equivalents, $0.2 million in Homebuilding receivables, net, $81.7 million in Homebuilding finished homes and construction in progress, $293.1 million in Homebuilding land and land under development, $209.0 million in Homebuilding consolidated inventory not owned, $3.8 million in Homebuilding investments in unconsolidated entities, $10.5 million in Homebuilding other assets and $10.3 million in Lennar Other assets.
[2]
Under certain provisions of ASC 810, the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated VIEs and liabilities of consolidated VIEs as to which neither Lennar Corporation, or any of its subsidiaries, has any obligations.
As of May 31, 2019, total liabilities include $928.9 million related to consolidated VIEs as to which there was no recourse against the Company, of which $17.3 million is included in Homebuilding accounts payable, $370.7 million in Homebuilding senior notes and other debts payable, $346.3 million in Homebuilding liabilities related to consolidated inventory not owned, $1.7 million in Homebuilding other liabilities, $190.6 million in Financial Services liabilities, $1.0 million in Multifamily liabilities and $1.3 million in Lennar Other liabilities.
As of November 30, 2018, total liabilities include $242.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $11.4 million is included in Homebuilding accounts payable, $51.9 million in Homebuilding senior notes and other debt payable, $175.6 million in Homebuilding liabilities related to consolidated inventory not owned, $2.6 million in Homebuilding other liabilities and $1.0 million in Lennar Other liabilities.