XML 41 R31.htm IDEA: XBRL DOCUMENT v3.22.1
Operating and Reporting Segments (Homebuilding Assets) (Details) - USD ($)
$ in Thousands
Feb. 28, 2022
Nov. 30, 2021
Segment Reporting Information [Line Items]    
Assets [1] $ 32,635,252 $ 33,207,778
Homebuilding    
Segment Reporting Information [Line Items]    
Assets [1] 28,092,486 27,467,819
Operating Segments    
Segment Reporting Information [Line Items]    
Assets 32,635,252 33,207,778
Operating Segments | East    
Segment Reporting Information [Line Items]    
Assets 6,552,930 5,854,057
Operating Segments | Central    
Segment Reporting Information [Line Items]    
Assets 3,939,627 3,782,847
Operating Segments | Texas    
Segment Reporting Information [Line Items]    
Assets 3,240,006 2,801,192
Operating Segments | West    
Segment Reporting Information [Line Items]    
Assets 11,854,213 11,171,741
Operating Segments | Other    
Segment Reporting Information [Line Items]    
Assets 1,414,532 1,443,163
Operating Segments | Homebuilding    
Segment Reporting Information [Line Items]    
Assets 28,092,486 27,467,819
Corporate and Unallocated    
Segment Reporting Information [Line Items]    
Assets 1,091,178 2,414,819
Operating Segments And Corporate | Homebuilding    
Segment Reporting Information [Line Items]    
Assets $ 28,092,486 $ 27,467,819
[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, 2022, total assets include $1.1 billion related to consolidated VIEs of which $66.9 million is included in Homebuilding cash and cash equivalents, $0.3 million in Homebuilding receivables, net, $703.4 million in Homebuilding land and land under development, $218.3 million in Homebuilding consolidated inventory not owned, $1.1 million in Homebuilding investments in unconsolidated entities, $22.1 million in Homebuilding other assets and $59.4 million in Multifamily assets.
As of November 30, 2021, total assets include $1.1 billion related to consolidated VIEs of which $60.9 million is included in Homebuilding cash and cash equivalents, $4.4 million in Homebuilding receivables, net, $14.3 million in Homebuilding finished homes and construction in progress, $697.1 million in Homebuilding land and land under development, $239.2 million in Homebuilding consolidated inventory not owned, $1.1 million in Homebuilding investments in unconsolidated entities, $17.4 million in Homebuilding other assets and $80.6 million in Multifamily assets.