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Stockholders' Equity
 3 Months Ended
Feb. 28, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The following tables reflect the changes in equity attributable to both Lennar Corporation and the noncontrolling interests of its consolidated subsidiaries in which it has less than a 100% ownership interest for the three months ended February 28, 2025 and February 29, 2024:
Three Months Ended February 28, 2025
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive Income (Loss)Retained
Earnings		Noncontrolling
Interests
Balance at November 30, 2024$28,021,225 25,998 3,660 5,729,434 (3,649,564)7,529 25,753,078 151,090 
Net earnings (including net earnings attributable to noncontrolling interests)528,713 — — — — — 519,526 9,187 
Employee stock and directors plans
(64,393)135 — 232 (64,760)— — — 
Purchases of treasury stock(709,715)— — — (709,715)— — — 
Amortization of restricted stock
84,085 — — 84,085 — — — — 
Cash dividends(131,646)— — — — — (131,646)— 
Receipts related to noncontrolling interests
11,328 — — — — — — 11,328 
Payments related to noncontrolling interests
(5,389)— — — — — — (5,389)
Millrose Properties, Inc. spin-off(4,838,827)— — — — — (4,838,827)— 
Non-cash purchase or activity of noncontrolling interests, net(27,859)— — (949)— — — (26,910)
Total other comprehensive loss, net of tax(178)— — — — (178)— — 
Balance at February 28, 2025$22,867,344 26,133 3,660 5,812,802 (4,424,039)7,351 21,302,131 139,306 
Three Months Ended February 29, 2024
(In thousands)Total
Equity		Class A
Common Stock		Class B
Common Stock		Additional
Paid - in Capital		Treasury
Stock		Accumulated Other Comprehensive IncomeRetained
Earnings		Noncontrolling
Interests
Balance at November 30, 2023$26,701,966 25,848 3,660 5,570,009 (1,393,100)4,879 22,369,368 121,302 
Net earnings (including net earnings attributable to noncontrolling interests)719,921 — — — — — 719,334 587 
Employee stock and directors plans
(83,473)135 — (65)(83,543)— — — 
Purchases of treasury stock(511,557)— — — (511,557)— — — 
Amortization of restricted stock
87,680 — — 87,680 — — — — 
Cash dividends(139,387)— — — — — (139,387)— 
Receipts related to noncontrolling interests
5,796 — — — — — — 5,796 
Payments related to noncontrolling interests
(1,979)— — — — — — (1,979)
Non-cash purchase or activity of noncontrolling interests, net(1,399)— — (5,788)— — — 4,389 
Total other comprehensive income, net of tax362 — — — — 362 — — 
Balance at February 29, 2024$26,777,930 25,983 3,660 5,651,836 (1,988,200)5,241 22,949,315 130,095 
On February 12, 2025, the Company paid a quarterly cash dividend of 0.50 per share for both of its Class A and Class B common stock to holders of record at the close of business day January 29, 2025. The Company approved and paid cash dividends of $0.50 per share for each of the four quarters of 2024 for both its Class A and Class B common stock.
In January 2024, the Company's Board of Directors authorized an increase to its stock repurchase program to enable it to repurchase up to an additional $5 billion in value of its outstanding Class A or Class B common stock. Repurchases are authorized to be made in open-market or private transactions. This authorization was in addition to what was remaining of the Company's March 2022 stock repurchase program. The repurchase authorization has no expiration date. At February 28, 2025, we have a remaining authorization to repurchase $2.7 billion in value of our Class A or B common stock. The following table sets forth the repurchases of the Company's Class A and Class B common stock under the authorized repurchase programs:
Three Months Ended
February 28, 2025February 29, 2024
(Dollars in thousands, except price per share amounts)Class AClass BClass AClass B
Shares repurchased4,770,000 458,805 3,026,128 373,872 
Total purchase price$644,618 $58,121 $454,788 $51,637 
Average price per share$135.14 $126.68 $150.29 $138.11