Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Feb. 28, 2021	Nov. 30, 2020
ASSETS
Cash and cash equivalents		$ 2,568,799	$ 2,863,038
Restricted cash		26,399	69,692
Receivables, net		892,460	938,079
Inventories:
Total inventories		17,982,473	17,175,148
Investments in unconsolidated entities		2,097,934	2,064,921
Goodwill		3,632,058	3,632,058
Other assets		1,315,791	1,343,012
Total assets	[1]	30,551,980	29,935,177
LIABILITIES AND EQUITY
Senior notes and other debts payable, net		6,941,144	7,421,583
Total liabilities	[2]	11,534,529	11,835,776
Stockholders' equity:
Preferred stock	[2]	0	0
Additional paid-in capital	[2]	8,724,192	8,676,056
Retained earnings	[2]	11,488,520	10,564,994
Treasury stock, at cost; February 28, 2021 - 24,711,432 shares of Class A common stock and 1,822,016 shares of Class B common stock; November 30, 2020 - 23,864,589 shares of Class A common stock and 1,822,016 shares of Class B common stock	[2]	(1,348,710)	(1,279,227)
Accumulated other comprehensive loss	[2]	(1,747)	(805)
Total stockholders’ equity	[2]	18,896,246	17,994,856
Noncontrolling interests	[2]	121,205	104,545
Total equity	[2]	19,017,451	18,099,401
Total liabilities and equity	[2]	30,551,980	29,935,177
Class A Common Stock
Stockholders' equity:
Common stock	[2]	30,047	29,894
Class B Common Stock
Stockholders' equity:
Common stock	[2]	3,944	3,944
Homebuilding
ASSETS
Cash and cash equivalents	[1]	2,421,411	2,703,986
Restricted cash	[1]	17,878	15,211
Receivables, net	[1]	300,134	298,671
Inventories:
Finished homes and construction in progress	[1]	9,320,283	8,593,399
Land and land under development	[1]	7,564,900	7,495,262
Consolidated inventory not owned	[1]	807,759	836,567
Total inventories	[1]	17,692,942	16,925,228
Investments in unconsolidated entities		1,077,353	953,177	[1]
Goodwill	[1]	3,442,359	3,442,359
Other assets		1,162,564	1,190,793	[1]
Total assets	[1]	26,114,641	25,529,425
LIABILITIES AND EQUITY
Accounts payable		1,037,266	1,037,338	[2]
Liabilities related to consolidated inventory not owned		671,235	706,691	[2]
Senior notes and other debts payable, net	[2]	5,976,168	5,955,758
Other liabilities	[2]	2,459,332	2,225,864
Total liabilities	[2]	10,144,001	9,925,651
Financial Services
ASSETS
Cash and cash equivalents		117,856	116,171
Restricted cash		8,521	54,481
Receivables, net		495,484	552,779
Inventories:
Total inventories		0	0
Investments in unconsolidated entities		0	0
Goodwill		189,699	189,699
Other assets		78,128	68,027
Total assets	[1]	2,217,551	2,708,118
LIABILITIES AND EQUITY
Senior notes and other debts payable, net		963,070	1,463,919
Total liabilities	[2]	1,113,083	1,644,248
Multifamily
ASSETS
Cash and cash equivalents		25,644	38,963
Restricted cash		0	0
Receivables, net		96,842	86,629
Inventories:
Total inventories		289,531	249,920
Investments in unconsolidated entities		704,964	724,647
Goodwill		0	0
Other assets		66,739	75,749
Total assets	[1]	1,183,720	1,175,908
LIABILITIES AND EQUITY
Senior notes and other debts payable, net		0	0
Total liabilities	[2]	235,651	252,911
Lennar Other
ASSETS
Cash and cash equivalents		3,888	3,918
Restricted cash		0	0
Receivables, net		0	0
Inventories:
Total inventories		0	0
Investments in unconsolidated entities		315,617	387,097
Goodwill		0	0
Other assets		8,360	8,443
Total assets	[1]	1,036,068	521,726
LIABILITIES AND EQUITY
Senior notes and other debts payable, net		1,906	1,906
Total liabilities	[2]	$ 41,794	$ 12,966

[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, nor any of its subsidiaries, has any obligations. As of February 28, 2021, total assets include $1.0 billion related to consolidated VIEs of which $39.8 million is included in Homebuilding cash and cash equivalents, $14.2 million in Homebuilding finished homes and construction in progress, $516.9 million in Homebuilding land and land under development, $288.6 million in Homebuilding consolidated inventory not owned, $1.7 million in Homebuilding investments in unconsolidated entities, $145.8 million in Homebuilding other assets and $17.8 million in Multifamily assets. As of November 30, 2020, total assets include $1.1 billion related to consolidated VIEs of which $32.1 million is included in Homebuilding cash and cash equivalents, $0.1 million in Homebuilding receivables, net, $14.2 million in Homebuilding finished homes and construction in progress, $486.8 million in Homebuilding land and land under development, $426.3 million in Homebuilding consolidated inventory not owned, $1.6 million in Homebuilding investments in unconsolidated entities, $120.6 million in Homebuilding other assets and $39.9 million in Multifamily 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, nor any of its subsidiaries, has any obligations. As of February 28, 2021, total liabilities include $417.3 million related to consolidated VIEs as to which there was no recourse against the Company, of which $33.4 million is included in Homebuilding accounts payable, $227.2 million in Homebuilding liabilities related to consolidated inventory not owned, $146.6 million in Homebuilding senior notes and other debts payable, $9.9 million in Homebuilding other liabilities and $0.2 million in Multifamily liabilities. As of November 30, 2020, total liabilities include $528.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $28.4 million is included in Homebuilding accounts payable, $351.4 million in Homebuilding liabilities related to consolidated inventory not owned, $129.1 million in Homebuilding senior notes and other debt payable, $9.9 million in Homebuilding other liabilities and $9.8 million in Multifamily liabilities.