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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Nov. 30, 2022
Nov. 30, 2021
Total assets [1] $ 37,984,295 $ 33,207,778
Total liabilities [2] 13,743,928 12,211,496
Variable Interest Entity, Primary Beneficiary    
Total assets 1,400,000 1,100,000
Total liabilities $ 620,400 $ 258,500
Class A Common Stock    
Common stock, par value (in USD per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 400,000,000 400,000,000
Common stock, shares issued (in shares) 256,084,147 300,500,075
Treasury stock, shares (in shares) 2,455,387 38,586,961
Class B Common Stock    
Common stock, par value (in USD per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 90,000,000 90,000,000
Common stock, shares issued (in shares) 36,601,215 39,443,168
Treasury stock, shares (in shares) 419,860 1,922,016
Homebuilding    
Total assets [1] $ 32,684,162 $ 27,467,819
Cash and cash equivalents [1] 4,616,124 2,735,213
Receivables, net [1] 673,980 490,278
Finished homes and construction in progress [1] 11,718,507 10,446,139
Land and land under development [1] 7,382,273 7,108,142
Consolidated inventory not owned [1] 2,331,231 1,161,023
Investments in unconsolidated entities [1] 1,173,164 972,084
Other assets [1] 1,323,478 1,090,654
Total liabilities [2] 10,978,646 9,870,242
Accounts payable [2] 1,616,128 1,321,247
Senior notes and other debts payable, net [2] 4,047,294 4,652,338
Liabilities related to consolidated inventory not owned [2] 1,967,551 976,602
Other liabilities [2] 3,347,673 2,920,055
Homebuilding | Variable Interest Entity, Primary Beneficiary    
Cash and cash equivalents 56,900 60,900
Receivables, net 300 4,400
Finished homes and construction in progress 29,400 14,300
Land and land under development 736,500 697,100
Consolidated inventory not owned 533,800 239,200
Investments in unconsolidated entities 1,000 1,100
Other assets 23,000 17,400
Accounts payable 66,900 26,600
Senior notes and other debts payable, net 29,400 20,100
Liabilities related to consolidated inventory not owned 510,900 196,600
Other liabilities 7,200 12,300
Lennar Other    
Total assets [1] 788,539 1,463,845
Total liabilities [2] 97,894 145,981
Lennar Other | Variable Interest Entity, Primary Beneficiary    
Total assets 9,000  
Total liabilities 2,200  
Multifamily    
Total assets [1] 1,257,337 1,311,747
Total liabilities [2] 313,484 288,930
Multifamily | Variable Interest Entity, Primary Beneficiary    
Total assets 33,200 80,600
Total liabilities $ 3,800 $ 2,800
[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, 2022, total assets include $1.4 billion related to consolidated VIEs of which $56.9 million is included in Homebuilding cash and cash equivalents, $0.3 million in Homebuilding receivables, net, $29.4 million in Homebuilding finished homes and construction in progress, $736.5 million in Homebuilding land and land under development, $533.8 million in Homebuilding consolidated inventory not owned, $1.0 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets, $33.2 million in Multifamily assets and $9.0 million in Lennar Other 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.
[2] As of November 30, 2022, total liabilities include $620.4 million related to consolidated VIEs as to which there was no recourse against the Company, of which $66.9 million is included in Homebuilding accounts payable, $510.9 million in Homebuilding liabilities related to consolidated inventory not owned, $29.4 million in Homebuilding senior notes and other debts payable, $7.2 million in Homebuilding other liabilities, $3.8 million in Multifamily liabilities and $2.2 million in Lennar Other liabilities.As of November 30, 2021, total liabilities include $258.5 million related to consolidated VIEs as to which there was no recourse against the Company, of which $26.6 million is included in Homebuilding accounts payable, $196.6 million in Homebuilding liabilities related to consolidated inventory not owned, $20.1 million in Homebuilding senior notes and other debts payable, $12.3 million in Homebuilding other liabilities and $2.8 million in Multifamily liabilities.