XML 38 R64.htm IDEA: XBRL DOCUMENT v3.19.3
Homebuilding Senior Notes and Other Debts Payable (Schedule of Senior Notes and Other Debts Payable) (Details) - USD ($)
$ in Thousands
Aug. 31, 2019
Jun. 30, 2019
Nov. 30, 2018
Senior Notes | 4.50% senior notes due 2019      
Debt Instrument [Line Items]      
Interest rate 4.50%    
Senior Notes | 4.750% senior notes due 2021      
Debt Instrument [Line Items]      
Interest rate 4.75%    
Senior Notes | 4.750% senior notes due 2022      
Debt Instrument [Line Items]      
Interest rate 4.75%    
Senior Notes | 4.875% senior notes due December 2023      
Debt Instrument [Line Items]      
Interest rate 4.875%    
Senior Notes | 4.750% senior notes due 2025      
Debt Instrument [Line Items]      
Interest rate 4.75%    
Homebuilding      
Debt Instrument [Line Items]      
Senior notes and other debts payable [1] $ 9,075,016   $ 8,543,868
Homebuilding | 4.125% senior notes due 2022      
Debt Instrument [Line Items]      
Interest rate 4.125%    
Homebuilding | 4.500% senior notes due 2024      
Debt Instrument [Line Items]      
Interest rate 4.50%    
Homebuilding | Senior Notes | 4.50% senior notes due 2019      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 599,848   599,176
Interest rate 4.50%    
Homebuilding | Senior Notes | 6.625% senior notes due 2020      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 305,684   311,735
Interest rate 6.625%    
Homebuilding | Senior Notes | 2.95% senior notes due 2020      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 299,275   298,838
Interest rate 2.95%    
Homebuilding | Senior Notes | 8.375% senior notes due 2021      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 423,119   435,897
Interest rate 8.375%    
Homebuilding | Senior Notes | 4.750% senior notes due 2021      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 498,697   498,111
Interest rate 4.75%    
Homebuilding | Senior Notes | 6.25% senior notes due December 2021      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 311,510   315,283
Interest rate 6.25%    
Homebuilding | Senior Notes | 4.125% senior notes due 2022      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 597,637   596,894
Interest rate 4.125%    
Homebuilding | Senior Notes | 5.375% senior notes due 2022      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 258,912   261,055
Interest rate 5.375%    
Homebuilding | Senior Notes | 4.750% senior notes due 2022      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 571,266   570,564
Interest rate 4.75%    
Homebuilding | Senior Notes | 4.875% senior notes due December 2023      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 396,456   395,759
Interest rate 4.875%    
Homebuilding | Senior Notes | 4.500% senior notes due 2024      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 646,622   646,078
Interest rate 4.50%    
Homebuilding | Senior Notes | 5.875% senior notes due 2024      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 449,327   452,833
Interest rate 5.875%    
Homebuilding | Senior Notes | 4.750% senior notes due 2025      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 497,447   497,114
Interest rate 4.75%    
Homebuilding | Senior Notes | 5.25% senior notes due 2026      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 408,224   409,133
Interest rate 5.25%    
Homebuilding | Senior Notes | 5.00% senior notes due 2027      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 352,988   353,275
Interest rate 5.00%    
Homebuilding | Senior Notes | 4.75% senior notes due 2027      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 892,859   892,297
Interest rate 4.75%    
Homebuilding | Senior Notes | 4.500% senior notes due 2019      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 0   499,585
Interest rate 4.50% 4.50%  
Homebuilding | Senior Notes | 0.25% convertible senior notes due 2019      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 0   1,291
Interest rate 0.25%    
Homebuilding | Mortgage notes on land and other debt      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 865,145   508,950
Homebuilding | Unsecured revolving credit facility      
Debt Instrument [Line Items]      
Senior notes and other debts payable 700,000   $ 0
CalAtlantic Group, Inc. | Senior Notes | 6.625% senior notes due 2020      
Debt Instrument [Line Items]      
Senior notes and other debts payable 267,700    
CalAtlantic Group, Inc. | Senior Notes | 8.375% senior notes due 2021      
Debt Instrument [Line Items]      
Senior notes and other debts payable 397,600    
CalAtlantic Group, Inc. | Senior Notes | 6.25% senior notes due December 2021      
Debt Instrument [Line Items]      
Senior notes and other debts payable 292,000    
CalAtlantic Group, Inc. | Senior Notes | 5.375% senior notes due 2022      
Debt Instrument [Line Items]      
Senior notes and other debts payable 240,800    
CalAtlantic Group, Inc. | Senior Notes | 5.875% senior notes due 2024      
Debt Instrument [Line Items]      
Senior notes and other debts payable 421,400    
CalAtlantic Group, Inc. | Senior Notes | 5.25% senior notes due 2026      
Debt Instrument [Line Items]      
Senior notes and other debts payable 395,500    
CalAtlantic Group, Inc. | Senior Notes | 5.00% senior notes due 2027      
Debt Instrument [Line Items]      
Senior notes and other debts payable $ 347,300    
[1]
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 August 31, 2019, total liabilities include $577.7 million related to consolidated VIEs as to which there was no recourse against the Company, of which $7.8 million is included in Homebuilding accounts payable, $47.1 million in Homebuilding senior notes and other debts payable, $298.7 million in Homebuilding liabilities related to consolidated inventory not owned, $4.3 million in Homebuilding other liabilities, $218.5 million in Financial Services liabilities and $1.2 million in Multifamily 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.