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Stockholders' Equity
 6 Months Ended
May 31, 2026
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 and six months ended May 31, 2026 and 2025:
Three Months Ended May 31, 2026
(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 February 28, 2026$22,032,263 26,319 3,660 5,993,733 (6,727,316)5,606 22,577,374 152,887 
Net earnings (including net earnings attributable to noncontrolling interests)308,129 — — — — — 304,772 3,357 
Employee stock and directors plans
(15,489)(10)— 302 (15,781)— — — 
Purchases of treasury stock(451,305)— — — (451,305)— — — 
Amortization of restricted stock
26,271 — — 26,271 — — — — 
Cash dividends(123,057)— — — — — (123,057)— 
Receipts related to noncontrolling interests
1,460 — — — — — — 1,460 
Payments related to noncontrolling interests
(15,700)— — — — — — (15,700)
Non-cash purchase or activity of noncontrolling interests, net3,084 — — — — — — 3,084 
Total other comprehensive income, net of tax70 — — — — 70 — — 
Balance at May 31, 2026$21,765,726 26,309 3,660 6,020,306 (7,194,402)5,676 22,759,089 145,088 
Three Months Ended May 31, 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 February 28, 2025$22,867,344 26,133 3,660 5,812,802 (4,424,039)7,351 21,302,131 139,306 
Net earnings (including net earnings attributable to noncontrolling interests)481,820 — — — — — 477,449 4,371 
Employee stock and directors plans
722 3 — 1,157 (438)— — — 
Purchases of treasury stock(520,981)— — — (520,981)— — — 
Amortization of restricted stock
28,773 — — 28,773 — — — — 
Cash dividends(133,589)— — — — — (133,589)— 
Receipts related to noncontrolling interests
9,701 — — — — — — 9,701 
Payments related to noncontrolling interests
(576)— — — — — — (576)
Total other comprehensive loss, net of tax(1,332)— — — — (1,332)— — 
Balance at May 31, 2025$22,731,882 26,136 3,660 5,842,732 (4,945,458)6,019 21,645,991 152,802 
Six Months Ended May 31, 2026
(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, 2025$22,140,609 26,158 3,660 5,909,726 (6,457,609)6,011 22,471,471 181,192 
Net earnings (including net earnings attributable to noncontrolling interests)541,490 — — — — — 534,155 7,335 
Employee stock and directors plans
(23,908)151 — 21,932 (45,991)— — — 
Purchases of treasury stock(690,802)— — — (690,802)— — — 
Amortization of restricted stock
88,648 — — 88,648 — — — — 
Cash dividends(246,537)— — — — — (246,537)— 
Receipts related to noncontrolling interests
2,543 — — — — — — 2,543 
Payments related to noncontrolling interests
(26,409)— — — — — — (26,409)
Non-cash purchase or activity of noncontrolling interests, net(19,573)— — — — — — (19,573)
Total other comprehensive loss, net of tax(335)— — — — (335)— — 
Balance at May 31, 2026$21,765,726 26,309 3,660 6,020,306 (7,194,402)5,676 22,759,089 145,088 
Six Months Ended May 31, 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)1,010,533 — — — — — 996,975 13,558 
Employee stock and directors plans
(63,671)138 — 1,389 (65,198)— — — 
Purchases of treasury stock(1,230,696)— — — (1,230,696)— — — 
Amortization of restricted stock
112,858 — — 112,858 — — — — 
Cash dividends(265,235)— — — — — (265,235)— 
Receipts related to noncontrolling interests
21,029 — — — — — — 21,029 
Payments related to noncontrolling interests
(5,965)— — — — — — (5,965)
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(1,510)— — — — (1,510)— — 
Balance at May 31, 2025$22,731,882 26,136 3,660 5,842,732 (4,945,458)6,019 21,645,991 152,802 
On June 25, 2026, the Company's Board of Directors declared a quarterly cash dividend of $0.50 per share on both its Class A and Class B common stock, payable on July 24, 2026 to holders of record at the close of business on July 10, 2026. On May 6, 2026, 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 on April 22, 2026. The Company approved and paid cash dividends of $0.50 per share for each of the four quarters of 2025 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 May 31, 2026, the Company has a remaining authorization to repurchase $1.0 billion in value of the Company's Class A or Class 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 May 31,Six Months Ended May 31,
2026202520262025
(Dollars in thousands, except price per share amounts)Class AClass BClass AClass BClass AClass BClass AClass B
Shares repurchased4,335,241 664,759 4,501,936 204,515 6,172,126 827,874 9,271,936 663,320 
Total purchase price$388,784 $57,954 $495,230 $21,504 $608,055 $75,770 $1,139,849 $79,625 
Average price per share$89.68 $87.18 $110.00 $105.15 $98.52 $91.52 $122.94 $120.04