Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2017

Variable Interest Entities [Abstract]

Assets And Liabilities Of Consolidated VIEs

The following table presents information about the assets and liabilities of our consolidated VIEs, which are presented within our Consolidated Statements of Financial Condition in the respective asset and liability categories, as of March 31, 2017 and December 31, 2016 (in millions). The assets and liabilities in the table below are presented prior to consolidation and thus a portion of these assets and liabilities are eliminated in consolidation.

	March 31, 2017				December 31, 2016
	Securitization Vehicles		Real Estate Investment Vehicles		Securitization Vehicles		Real Estate Investment Vehicles
Cash	$	6.7	$	2.7	$	18.4	$	2.2
Financial instruments owned	52.8		—		86.6		—
Securities purchased under agreement to resell (1)	570.2		—		733.5		—
Receivables	246.6		312.0		277.7		296.9
Loans to and investments in associated companies	—		120.0		—		108.7
Other	15.6		11.0		14.5		10.8
Total assets	$	891.9	$	445.7	$	1,130.7	$	418.6
Other secured financings (2)	$	856.5	$	—	$	1,083.8	$	—
Long-term debt	—		258.1		24.1		243.9
Other	35.0		8.2		22.3		11.7
Total liabilities	$	891.5	$	266.3	$	1,130.2	$	255.6
Noncontrolling interests	$	—	$	107.5	$	—	$	98.7

(1) Securities purchased under agreement to resell represent an amount due under a collateralized transaction on a related consolidated entity, which is eliminated in consolidation.

(2) Approximately $19.5 million and $57.6 million of the secured financing represents an amount held by Jefferies in inventory and eliminated in consolidation at March 31, 2017 and December 31, 2016, respectively.

Non-Consolidated Variable Interest Entities

The following tables present information about our variable interests in nonconsolidated VIEs as of March 31, 2017 and December 31, 2016 (in millions):

	Financial Statement Carrying Amount				Maximum Exposure to Loss		VIE Assets
	Assets		Liabilities
March 31, 2017
CLOs	$	37.7	$	1.5	$	285.7	$	3,279.9
Consumer loan vehicles	154.1		—		515.4		1,149.1
Related party private equity vehicles	36.3		—		62.0		149.3
Real estate investment vehicles	100.4		—		112.2		111.3
Other private investment vehicles	85.6		—		96.7		4,840.7
Total	$	414.1	$	1.5	$	1,072.0	$	9,530.3
December 31, 2016
CLOs	$	264.7	$	4.8	$	930.0	$	4,472.9
Consumer loan vehicles	90.3		—		219.6		985.5
Related party private equity vehicles	37.6		—		63.6		155.6
Real estate investment vehicles	90.3		—		101.8		85.6
Other private investment vehicles	84.0		—		95.8		4,529.7
Total	$	566.9	$	4.8	$	1,410.8	$	10,229.3