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Operating and Reporting Segments (Disclosure Of Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Feb. 28, 2021
Nov. 30, 2020
Segment Reporting Information [Line Items]    
Cash and cash equivalents $ 2,568,799 $ 2,863,038
Restricted cash 26,399 69,692
Receivables, net 892,460 938,079
Inventories 17,982,473 17,175,148
Loans held-for-sale 1,094,600 1,490,105
Investments in equity securities 666,956 68,771
Investments available-for-sale 41,247 53,497
Loans held-for-investment, net 69,973 72,626
Investments held-to-maturity 163,290 164,230
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
Senior notes and other debts payable, net 6,941,144 7,421,583
Other liabilities 4,593,385 4,414,193
Total liabilities [2] 11,534,529 11,835,776
Equity securities without readily determinable fair values 85,100 61,600
Homebuilding    
Segment Reporting Information [Line Items]    
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 [1] 17,692,942 16,925,228
Loans held-for-sale 0 0
Investments in equity securities 0 0
Investments available-for-sale 0 0
Loans held-for-investment, net 0 0
Investments held-to-maturity 0 0
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
Senior notes and other debts payable, net [2] 5,976,168 5,955,758
Other liabilities 4,167,833 3,969,893
Total liabilities [2] 10,144,001 9,925,651
Financial Services    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 117,856 116,171
Restricted cash 8,521 54,481
Receivables, net 495,484 552,779
Inventories 0 0
Loans held-for-sale 1,094,600 1,490,105
Investments in equity securities 0 0
Investments available-for-sale 0 0
Loans held-for-investment, net 69,973 72,626
Investments held-to-maturity 163,290 164,230
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
Senior notes and other debts payable, net 963,070 1,463,919
Other liabilities 150,013 180,329
Total liabilities [2] 1,113,083 1,644,248
Multifamily    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 25,644 38,963
Restricted cash 0 0
Receivables, net 96,842 86,629
Inventories 289,531 249,920
Loans held-for-sale 0 0
Investments in equity securities 0 0
Investments available-for-sale 0 0
Loans held-for-investment, net 0 0
Investments held-to-maturity 0 0
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
Senior notes and other debts payable, net 0 0
Other liabilities 235,651 252,911
Total liabilities [2] 235,651 252,911
Lennar Other    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 3,888 3,918
Restricted cash 0 0
Receivables, net 0 0
Inventories 0 0
Loans held-for-sale 0 0
Investments in equity securities 666,956 68,771
Investments available-for-sale 41,247 53,497
Loans held-for-investment, net 0 0
Investments held-to-maturity 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
Senior notes and other debts payable, net 1,906 1,906
Other liabilities 39,888 11,060
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.