CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Nov. 30, 2023		Nov. 30, 2022
Inventories:
Inventory owned		$ 15,360,207		$ 17,367,055
Total assets	[1]	39,234,303		37,984,295
LIABILITIES AND EQUITY
Total liabilities	[2]	12,532,337		13,743,928
Stockholders’ equity:
Preferred stock	[2]	0		0
Additional paid-in capital	[2]	5,570,009		5,417,796
Retained earnings	[2]	22,369,368		18,861,417
Treasury stock, at cost; 2023 - 11,207,889 shares of Class A common stock and 2,920,200 shares of Class B common stock; 2022 - 2,455,387 shares of Class A common stock and 419,860 shares of Class B common stock	[2]	(1,393,100)		(210,389)
Accumulated other comprehensive income	[2]	4,879		2,408
Total stockholders’ equity	[2]	26,580,664		24,100,500
Noncontrolling interests	[2]	121,302		139,867
Total equity	[2]	26,701,966		24,240,367
Total liabilities and equity	[2]	39,234,303		37,984,295
Class A Common Stock
Stockholders’ equity:
Common stock	[2]	25,848		25,608
Class B Common Stock
Stockholders’ equity:
Common stock	[2]	3,660		3,660
Homebuilding
ASSETS
Cash and cash equivalents	[1]	6,273,724		4,616,124
Restricted cash	[1]	13,481		23,046
Receivables, net	[1]	887,992		673,980
Inventories:
Finished homes and construction in progress	[1]	10,455,666		11,718,507
Land and land under development	[1]	4,904,541		5,648,548
Consolidated inventory not owned	[1]	2,992,528		2,331,231
Inventory owned and consolidated inventory not owned	[1]	18,352,735		19,698,286
Deposits and pre-acquisition costs on real estate		2,002,154		1,733,725
Investments in unconsolidated entities	[1]	1,143,909		1,173,164
Goodwill		3,442,359	[1]	3,442,359
Other assets	[1]	1,512,038		1,323,478
Total assets	[1]	33,628,392		32,684,162
LIABILITIES AND EQUITY
Accounts payable	[2]	1,631,401		1,616,128
Liabilities related to consolidated inventory not owned	[2]	2,540,894		1,967,551
Senior notes and other debts payable, net	[2]	2,816,482		4,047,294
Other liabilities	[2]	2,739,217		3,347,673
Total liabilities	[2]	9,727,994		10,978,646
Financial Services
Inventories:
Total assets	[1]	3,566,546		3,254,257
LIABILITIES AND EQUITY
Total liabilities	[2]	2,447,039		2,353,904
Multifamily
Inventories:
Total assets	[1]	1,381,513		1,257,337
LIABILITIES AND EQUITY
Total liabilities	[2]	278,177		313,484
Lennar Other
Inventories:
Total assets	[1]	657,852		788,539
LIABILITIES AND EQUITY
Total liabilities	[2]	$ 79,127		$ 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 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, 2023, total assets include $1.9 billion related to consolidated VIEs of which $22.8 million is included in Homebuilding cash and cash equivalents, $1.8 million in Homebuilding receivables, net, $18.3 million in Homebuilding finished homes and construction in progress, $628.0 million in Homebuilding land and land under development, $55.0 million in Homebuilding deposits and pre-acquisition costs on real estate, $1.2 billion in Homebuilding consolidated inventory not owned, $0.3 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets and $32.6 million in Multifamily 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, $687.8 million in Homebuilding land and land under development, $48.7 million in Homebuilding deposits and pre-acquisition costs on real estate, $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 November 30, 2023, total liabilities include $1.2 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $53.7 million is included in Homebuilding accounts payable, $1.1 billion in Homebuilding liabilities related to consolidated inventory not owned, $38.1 million in Homebuilding other liabilities and $4.1 million in Multifamily 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 debts payable, $7.2 million in Homebuilding other liabilities, $3.8 million in Multifamily liabilities and $2.2 million in Lennar Other liabilities.