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Operating and Reporting Segments (Disclosure Of Assets and Liabilities) (Details) - USD ($)
$ in Thousands
Feb. 28, 2023
Nov. 30, 2022
Feb. 28, 2022
Segment Reporting Information [Line Items]      
Total assets [1] $ 36,573,154 $ 37,984,295  
Total liabilities [2] 12,017,867 13,743,928  
Equity securities without readily determinable fair values 178,000 178,000  
Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 4,242,856 4,778,720  
Restricted cash 31,301 37,050  
Receivables, net 999,966 1,614,277  
Inventories 22,067,833 21,862,453  
Loans held-for-sale 1,233,466 1,776,311  
Investments in equity securities 367,369 391,026  
Investments available-for-sale 36,332 35,482  
Loans held-for-investment, net 45,327 45,636  
Debt Securities, Held-to-maturity 141,854 143,251  
Investments in unconsolidated entities 2,129,933 2,137,813  
Goodwill 3,632,058 3,632,058  
Other assets 1,644,859 1,530,218  
Total assets 36,573,154 37,984,295  
Senior notes and other debts payable, net 5,221,801 6,199,136  
Accounts payable and other liabilities 6,796,066 7,544,792  
Total liabilities 12,017,867 13,743,928  
Homebuilding      
Segment Reporting Information [Line Items]      
Inventories [1] 21,627,886 21,432,011  
Investments in unconsolidated entities [1] 1,178,802 1,173,164  
Goodwill [1] 3,442,359 3,442,359  
Other assets [1] 1,412,654 1,323,478  
Total assets [1] 32,302,100 32,684,162  
Senior notes and other debts payable, net [2] 4,033,335 4,047,294  
Total liabilities [2] 10,328,988 10,978,646  
Homebuilding | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 4,057,956 [1] 4,616,124 [1] $ 1,366,597
Restricted cash 22,504 [1] 23,046 [1] 27,025
Receivables, net [1] 559,939 673,980  
Inventories 21,627,886 21,432,011  
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  
Debt Securities, Held-to-maturity 0 0  
Investments in unconsolidated entities 1,178,802 1,173,164  
Goodwill 3,442,359 3,442,359  
Other assets 1,412,654 1,323,478  
Total assets 32,302,100 32,684,162  
Senior notes and other debts payable, net 4,033,335 4,047,294  
Accounts payable and other liabilities 6,295,653 6,931,352  
Total liabilities 10,328,988 10,978,646  
Financial Services      
Segment Reporting Information [Line Items]      
Total assets [1] 2,213,421 3,254,257  
Total liabilities [2] 1,317,775 2,353,904  
Financial Services | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 163,000 139,378 168,032
Restricted cash 8,797 14,004 6,724
Receivables, net 329,331 826,163  
Inventories 0 0  
Loans held-for-sale 1,233,466 1,776,311  
Investments in equity securities 0 0  
Investments available-for-sale 0 0  
Loans held-for-investment, net 45,327 45,636  
Debt Securities, Held-to-maturity 141,854 143,251  
Investments in unconsolidated entities 0 0  
Goodwill 189,699 189,699  
Other assets 101,947 119,815  
Total assets 2,213,421 3,254,257  
Senior notes and other debts payable, net 1,171,638 2,135,093  
Accounts payable and other liabilities 146,137 218,811  
Total liabilities 1,317,775 2,353,904  
Multifamily      
Segment Reporting Information [Line Items]      
Total assets [1] 1,266,777 1,257,337  
Total liabilities [2] 283,380 313,484  
Multifamily | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 15,075 17,827 34,439
Restricted cash 0 0  
Receivables, net 110,696 114,134  
Inventories 439,947 430,442  
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  
Debt Securities, Held-to-maturity 0 0  
Investments in unconsolidated entities 635,499 648,126  
Goodwill 0 0  
Other assets 65,560 46,808  
Total assets 1,266,777 1,257,337  
Senior notes and other debts payable, net 16,828 16,749  
Accounts payable and other liabilities 266,552 296,735  
Total liabilities 283,380 313,484  
Lennar Other      
Segment Reporting Information [Line Items]      
Total assets [1] 790,856 788,539  
Total liabilities [2] 87,724 97,894  
Lennar Other | Operating Segments      
Segment Reporting Information [Line Items]      
Cash and cash equivalents 6,825 5,391 $ 2,757
Restricted cash 0 0  
Receivables, net 0 0  
Inventories 0 0  
Loans held-for-sale 0 0  
Investments in equity securities 367,369 391,026  
Investments available-for-sale 36,332 35,482  
Loans held-for-investment, net 0 0  
Debt Securities, Held-to-maturity 0 0  
Investments in unconsolidated entities 315,632 316,523  
Goodwill 0 0  
Other assets 64,698 40,117  
Total assets 790,856 788,539  
Senior notes and other debts payable, net 0 0  
Accounts payable and other liabilities 87,724 97,894  
Total liabilities $ 87,724 $ 97,894  
[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, 2023, total assets include $1.4 billion related to consolidated VIEs of which $31.1 million is included in Homebuilding cash and cash equivalents, $0.7 million in Homebuilding receivables, net, $59.0 million in Homebuilding finished homes and construction in progress, $742.4 million in Homebuilding land and land under development, $502.0 million in Homebuilding consolidated inventory not owned, $0.7 million in Homebuilding investments in unconsolidated entities, $21.1 million in Homebuilding other assets, $31.0 million in Multifamily assets and $6.8 million in Lennar Other assets.
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.
[2] As of February 28, 2023, total liabilities include $580.0 million related to consolidated VIEs as to which there was no recourse against the Company, of which $64.4 million is included in Homebuilding accounts payable, $477.6 million in Homebuilding liabilities related to consolidated inventory not owned, $30.1 million in Homebuilding senior notes and other debts payable, $2.1 million in Homebuilding other liabilities, $3.7 million in Multifamily liabilities and $2.1 million in Lennar Other liabilities.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 debt payable, $7.2 million in Homebuilding other liabilities, $3.8 million in Multifamily liabilities and $2.2 million in Lennar Other liabilities.