CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Nov. 30, 2024		Nov. 30, 2023
Inventories:
Inventory owned		$ 15,634,886		$ 15,360,207
Total assets	[1]	41,312,781		39,234,303
LIABILITIES AND EQUITY
Total liabilities	[2]	13,291,556		12,532,337
Stockholders’ equity:
Preferred stock	[2]	0		0
Additional paid-in capital	[2]	5,729,434		5,570,009
Retained earnings	[2]	25,753,078		22,369,368
Treasury stock, at cost; 2024 - 23,814,148 shares of Class A common stock and 4,532,701 shares of Class B common stock; 2023 - 11,207,889 shares of Class A common stock and 2,920,200 shares of Class B common stock	[2]	(3,649,564)		(1,393,100)
Accumulated other comprehensive income	[2]	7,529		4,879
Total stockholders’ equity	[2]	27,870,135		26,580,664
Noncontrolling interests	[2]	151,090		121,302
Total equity	[2]	28,021,225		26,701,966
Total liabilities and equity	[2]	41,312,781		39,234,303
Class A Common Stock
Stockholders’ equity:
Common stock	[2]	25,998		25,848
Class B Common Stock
Stockholders’ equity:
Common stock	[2]	3,660		3,660
Homebuilding
ASSETS
Cash and cash equivalents	[1]	4,662,643		6,273,724
Restricted cash	[1]	11,799		13,481
Receivables, net	[1]	1,053,211		887,992
Inventories:
Finished homes and construction in progress	[1]	10,884,861		10,455,666
Land and land under development	[1]	4,750,025		4,904,541
Consolidated inventory not owned	[1]	4,084,665		2,992,528
Inventory owned and consolidated inventory not owned	[1]	19,719,551		18,352,735
Deposits and pre-acquisition costs on real estate		3,625,372		2,002,154
Investments in unconsolidated entities	[1]	1,344,836		1,143,909
Goodwill		3,442,359	[1]	3,442,359
Other assets	[1]	1,734,698		1,512,038
Total assets	[1]	35,594,469		33,628,392
LIABILITIES AND EQUITY
Accounts payable	[2]	1,839,440		1,631,401
Liabilities related to consolidated inventory not owned	[2]	3,563,934		2,540,894
Senior notes and other debts payable, net	[2]	2,258,283		2,816,482
Other liabilities	[2]	3,201,552		2,739,217
Total liabilities	[2]	10,863,209		9,727,994
Financial Services
Inventories:
Total assets	[1]	3,516,550		3,566,546
LIABILITIES AND EQUITY
Total liabilities	[2]	2,140,708		2,447,039
Multifamily
Inventories:
Total assets	[1]	1,306,818		1,381,513
LIABILITIES AND EQUITY
Total liabilities	[2]	181,883		278,177
Lennar Other
Inventories:
Total assets	[1]	894,944		657,852
LIABILITIES AND EQUITY
Total liabilities	[2]	$ 105,756		$ 79,127

[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, 2024, total assets include $3.7 billion related to consolidated VIEs of which $67.0 million is included in Homebuilding cash and cash equivalents, $6.0 million in Homebuilding receivables, net, $9.7 million in Homebuilding finished homes and construction in progress, $602.9 million in Homebuilding land and land under development, $2.8 billion in Homebuilding consolidated inventory not owned, $71.8 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $42.3 million in Homebuilding other assets and $33.9 million in Multifamily assets. 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, $1.2 billion in Homebuilding consolidated inventory not owned, $55.0 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets and $32.6 million in Multifamily assets.

[2] As of November 30, 2024, total liabilities include $2.7 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $67.3 million is included in Homebuilding accounts payable, $2.6 billion in Homebuilding liabilities related to consolidated inventory not owned, $6.0 million in Homebuilding senior notes and other debts payable, net, $45.8 million in Homebuilding other liabilities and $1.0 million in Multifamily liabilities. 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.