CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Nov. 30, 2019		Nov. 30, 2018
Inventories:
Total assets	[1]	$ 29,359,511		$ 28,566,181
LIABILITIES AND EQUITY
Total liabilities	[2]	13,325,681		13,883,224
Stockholders’ equity:
Preferred stock	[2]	0		0
Additional paid-in capital	[2]	8,578,219		8,496,677
Retained earnings	[2]	8,295,001		6,487,650
Treasury stock, at cost; 2019 - 18,964,973 shares of Class A common stock and 1,704,630 shares of Class B common stock; 2018 - 8,498,203 shares of Class A common stock and 1,698,424 shares of Class B common stock	[2]	(957,857)		(435,869)
Accumulated other comprehensive income (loss)	[2]	498		(366)
Total stockholders’ equity	[2]	15,949,517		14,581,535
Noncontrolling interests	[2]	84,313		101,422
Total equity	[2]	16,033,830		14,682,957
Total liabilities and equity	[2]	29,359,511		28,566,181
Class A Common Stock
Stockholders’ equity:
Common stock	[2]	29,712		29,499
Class B Common Stock
Stockholders’ equity:
Common stock	[2]	3,944		3,944
Homebuilding
ASSETS
Cash and cash equivalents	[1]	1,200,832		1,337,807
Restricted cash	[1]	9,698		12,399
Receivables, net	[1]	329,124		236,841
Inventories:
Finished homes and construction in progress	[1]	9,195,721		8,681,357
Land and land under development	[1]	8,267,647		8,178,388
Consolidated inventory not owned	[1]	313,139		208,959
Total inventories	[1]	17,776,507		17,068,704
Investments in unconsolidated entities	[1]	1,009,035		870,201
Goodwill		3,442,359	[1]	3,442,359
Other assets	[1]	1,021,684		1,355,782
Total assets	[1]	24,789,239		24,324,093
LIABILITIES AND EQUITY
Accounts payable	[2]	1,069,179		1,154,782
Liabilities related to consolidated inventory not owned	[2]	260,266		175,590
Senior notes and other debts payable, net	[2]	7,776,638		8,543,868
Other liabilities	[2]	1,900,955		1,902,658
Total liabilities	[2]	11,007,038		11,776,898
Financial Services
ASSETS
Cash and cash equivalents		234,113		188,485
Restricted cash		12,022		17,944
Receivables, net		500,847		731,169
Inventories:
Goodwill		215,516		237,688
Other assets		130,699		125,886
Total assets	[1]	3,006,024		2,778,910
LIABILITIES AND EQUITY
Other liabilities		310,695		309,500
Total liabilities	[2]	2,056,450		1,868,202
Multifamily
ASSETS
Cash and cash equivalents		8,711		7,832
Receivables, net		76,906		73,829
Inventories:
Land and land under development		315,107		277,894
Investments in unconsolidated entities		561,190		481,129
Other assets		58,711		33,535
Total assets	[1]	1,068,831		874,219
LIABILITIES AND EQUITY
Total liabilities	[2]	232,155		170,616
Lennar Other
Inventories:
Total assets	[1]	495,417		588,959
Variable Interest Entity, Primary Beneficiary
Inventories:
Total assets		980,200		666,200
LIABILITIES AND EQUITY
Total liabilities		549,700		242,500
Variable Interest Entity, Primary Beneficiary | Homebuilding
ASSETS
Cash and cash equivalents		15,500		57,600
Receivables, net		200		200
Inventories:
Finished homes and construction in progress		97,500		81,700
Land and land under development		283,200		293,100
Consolidated inventory not owned		301,000		209,000
Investments in unconsolidated entities		2,500		3,800
Other assets		10,000		10,500
LIABILITIES AND EQUITY
Accounts payable		13,700		11,400
Liabilities related to consolidated inventory not owned		247,500		175,600
Senior notes and other debts payable, net		47,100		51,900
Other liabilities				$ 2,600
Variable Interest Entity, Primary Beneficiary | Financial Services
Inventories:
Total assets		221,200
LIABILITIES AND EQUITY
Total liabilities		231,100
Variable Interest Entity, Primary Beneficiary | Multifamily
Inventories:
Total assets		49,100
LIABILITIES AND EQUITY
Total liabilities		1,400
Variable Interest Entity, Primary Beneficiary | Lennar Other
LIABILITIES AND EQUITY
Other liabilities		$ 8,900

[1] Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations, ("ASC 810") the Company is required to separately disclose on its consolidated balance sheets the assets of consolidated variable interest entities ("VIEs") that are owned by the consolidated VIEs and liabilities of consolidated VIEs as to which there is no recourse against the Company. As of November 30, 2019, total assets include $980.2 million related to consolidated VIEs of which $15.5 million is included in Homebuilding cash and cash equivalents, $0.2 million in Homebuilding receivables, net, $97.5 million in Homebuilding finished homes and construction in progress, $283.2 million in Homebuilding land and land under development, $301.0 million in Homebuilding consolidated inventory not owned, $2.5 million in Homebuilding investments in unconsolidated entities, $10.0 million in Homebuilding other assets, $221.2 million in Financial Services assets and $49.1 million in Multifamily 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] As of November 30, 2019, total liabilities include $549.7 million related to consolidated VIEs as to which there was no recourse against the Company, of which $13.7 million is included in Homebuilding accounts payable, $247.5 million in Homebuilding liabilities related to consolidated inventory not owned, $47.1 million in Homebuilding senior notes and other debts payable, $8.9 million in Homebuilding other liabilities, $231.1 million in Financial Services liabilities and $1.4 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, $175.6 million in Homebuilding liabilities related to consolidated inventory not owned, $51.9 million in Homebuilding senior notes and other debts payable, $2.6 million in Homebuilding other liabilities and $1.0 million in Lennar Other liabilities.