Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2018

Variable Interest Entities [Abstract]

Assets And Liabilities Of Consolidated VIEs

The following table presents information about the assets and liabilities of our consolidated securitization vehicles VIEs, which are presented in our Consolidated Statements of Financial Condition in the respective asset and liability categories (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.

	September 30, 2018		December 31, 2017
Cash	$	—	$	11.7
Financial instruments owned	—		37.6
Securities purchased under agreement to resell (1)	1,043.4		729.3
Receivables	453.2		318.1
Other	25.8		15.5
Total assets	$	1,522.4	$	1,112.2
Other secured financings (2)	$	1,478.3	$	1,073.5
Other (3)	44.1		38.3
Total liabilities	$	1,522.4	$	1,111.8

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

(2) Approximately $37.7 million and $44.1 million of the secured financings represent an amount held by Jefferies Group in inventory and eliminated in consolidation at September 30, 2018 and December 31, 2017, respectively.

(3) Includes $31.1 million and $32.0 million at September 30, 2018 and December 31, 2017, respectively, of intercompany payables that are eliminated in consolidation.

Non-Consolidated Variable Interest Entities

The following tables present information about our variable interests in nonconsolidated VIEs (in millions):

	Financial Statement Carrying Amount				Maximum Exposure to Loss		VIE Assets
	Assets		Liabilities
September 30, 2018
CLOs	$	57.0	$	0.7	$	784.0	$	3,348.0
Consumer loan vehicles	323.5		—		602.4		3,441.8
Related party private equity vehicles	34.1		—		52.0		107.2
Other private investment vehicles	160.4		—		170.8		5,324.2
Total	$	575.0	$	0.7	$	1,609.2	$	12,221.2
December 31, 2017
CLOs	$	168.1	$	8.9	$	1,030.4	$	5,364.3
Consumer loan vehicles	254.8		—		759.8		2,322.7
Related party private equity vehicles	23.7		—		45.4		75.0
Other private investment vehicles	133.0		—		142.0		4,624.9
Total	$	579.6	$	8.9	$	1,977.6	$	12,386.9