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Supplemental Financial Information (Condensed Consolidating Balance Sheet) (Details) - USD ($)
$ in Thousands
Aug. 31, 2020
May 31, 2020
Nov. 30, 2019
Aug. 31, 2019
May 31, 2019
Nov. 30, 2018
Assets:            
Investments in unconsolidated entities $ 2,053,172   $ 1,973,913      
Goodwill 3,632,058   3,657,875      
Other assets 1,316,644   1,245,391      
Total assets [1] 29,315,285   29,359,511      
LIABILITIES AND EQUITY            
Senior notes and other debts payable, net 8,138,594   9,573,696      
Total liabilities [2] 12,034,940   13,325,681      
Total stockholders’ equity [2] 17,172,103   15,949,517      
Noncontrolling interests [2] 108,242   84,313      
Total equity 17,280,345 [2] $ 16,632,624 16,033,830 [2] $ 15,465,947 $ 15,246,535 $ 14,682,957
Total liabilities and equity [2] 29,315,285   29,359,511      
Homebuilding            
Assets:            
Cash and cash equivalents, restricted cash and receivables, net 2,274,713   1,539,654      
Inventories 17,671,262   17,776,507      
Investments in unconsolidated entities [1] 940,695   1,009,035      
Goodwill [1] 3,442,359   3,442,359      
Other assets [1] 1,137,137   1,021,684      
Investments in subsidiaries 0   0      
Intercompany 0   0      
Total assets [1] 25,466,166   24,789,239      
LIABILITIES AND EQUITY            
Accounts payable and other liabilities 3,084,588   2,970,134      
Liabilities related to consolidated inventory not owned [2] 324,544   260,266      
Senior notes and other debts payable, net [2] 7,180,274   7,776,638      
Intercompany 0   0      
Total liabilities [2] 10,589,406   11,007,038      
Financial Services            
Assets:            
Total assets [1] 2,209,549   3,006,024      
LIABILITIES AND EQUITY            
Total liabilities [2] 1,197,847   2,056,450      
Multifamily            
Assets:            
Total assets [1] 1,184,086   1,068,831      
LIABILITIES AND EQUITY            
Total liabilities [2] 236,059   232,155      
Lennar Other            
Assets:            
Total assets [1] 455,484   495,417      
LIABILITIES AND EQUITY            
Total liabilities [2] 11,628   30,038      
Reportable Legal Entities | Lennar Corporation            
Assets:            
Total assets 24,481,864   23,548,274      
LIABILITIES AND EQUITY            
Total liabilities 7,309,761   7,598,757      
Total stockholders’ equity 17,172,103   15,949,517      
Noncontrolling interests 0   0      
Total equity 17,172,103   15,949,517      
Total liabilities and equity 24,481,864   23,548,274      
Reportable Legal Entities | Lennar Corporation | Homebuilding            
Assets:            
Cash and cash equivalents, restricted cash and receivables, net 1,645,161   722,172      
Inventories 0   0      
Investments in unconsolidated entities 0   0      
Goodwill 0   0      
Other assets 397,033   344,941      
Investments in subsidiaries 10,166,689   10,453,165      
Intercompany 12,272,981   12,027,996      
Total assets 24,481,864   23,548,274      
LIABILITIES AND EQUITY            
Accounts payable and other liabilities 773,363   760,981      
Liabilities related to consolidated inventory not owned 0   0      
Senior notes and other debts payable, net 6,536,398   6,837,776      
Intercompany 0   0      
Total liabilities 7,309,761   7,598,757      
Reportable Legal Entities | Lennar Corporation | Financial Services            
Assets:            
Total assets 0   0      
LIABILITIES AND EQUITY            
Total liabilities 0   0      
Reportable Legal Entities | Lennar Corporation | Multifamily            
Assets:            
Total assets 0   0      
LIABILITIES AND EQUITY            
Total liabilities 0   0      
Reportable Legal Entities | Lennar Corporation | Lennar Other            
Assets:            
Total assets 0   0      
LIABILITIES AND EQUITY            
Total liabilities 0   0      
Reportable Legal Entities | Guarantor Subsidiaries            
Assets:            
Total assets 23,097,872   23,600,762      
LIABILITIES AND EQUITY            
Total liabilities 12,839,723   13,244,024      
Total stockholders’ equity 10,258,149   10,356,738      
Noncontrolling interests 0   0      
Total equity 10,258,149   10,356,738      
Total liabilities and equity 23,097,872   23,600,762      
Reportable Legal Entities | Guarantor Subsidiaries | Homebuilding            
Assets:            
Cash and cash equivalents, restricted cash and receivables, net 602,845   794,588      
Inventories 17,174,841   17,396,139      
Investments in unconsolidated entities 938,584   1,006,541      
Goodwill 3,442,359   3,442,359      
Other assets 413,928   500,356      
Investments in subsidiaries 43,534   26,773      
Intercompany 0   0      
Total assets 22,616,091   23,166,756      
LIABILITIES AND EQUITY            
Accounts payable and other liabilities 2,033,906   1,935,366      
Liabilities related to consolidated inventory not owned 324,544   260,266      
Senior notes and other debts payable, net 525,482   885,783      
Intercompany 9,924,870   10,122,374      
Total liabilities 12,808,802   13,203,789      
Reportable Legal Entities | Guarantor Subsidiaries | Financial Services            
Assets:            
Total assets 287,907   275,812      
LIABILITIES AND EQUITY            
Total liabilities 30,921   40,235      
Reportable Legal Entities | Guarantor Subsidiaries | Multifamily            
Assets:            
Total assets 0   0      
LIABILITIES AND EQUITY            
Total liabilities 0   0      
Reportable Legal Entities | Guarantor Subsidiaries | Lennar Other            
Assets:            
Total assets 193,874   158,194      
LIABILITIES AND EQUITY            
Total liabilities 0   0      
Reportable Legal Entities | Non-Guarantor Subsidiaries            
Assets:            
Total assets 4,278,522   4,763,467      
LIABILITIES AND EQUITY            
Total liabilities 4,218,206   4,555,954      
Total stockholders’ equity (47,926)   123,200      
Noncontrolling interests 108,242   84,313      
Total equity 60,316   207,513      
Total liabilities and equity 4,278,522   4,763,467      
Reportable Legal Entities | Non-Guarantor Subsidiaries | Homebuilding            
Assets:            
Cash and cash equivalents, restricted cash and receivables, net 26,707   22,894      
Inventories 496,421   380,368      
Investments in unconsolidated entities 2,111   2,494      
Other assets 362,541   217,607      
Investments in subsidiaries 0   0      
Intercompany 0   0      
Total assets 887,780   623,363      
LIABILITIES AND EQUITY            
Accounts payable and other liabilities 337,088   318,845      
Liabilities related to consolidated inventory not owned     0      
Senior notes and other debts payable, net 118,394   53,079      
Intercompany 2,348,111   1,905,622      
Total liabilities 2,803,593   2,277,546      
Reportable Legal Entities | Non-Guarantor Subsidiaries | Financial Services            
Assets:            
Total assets 1,923,928   2,731,285      
LIABILITIES AND EQUITY            
Total liabilities 1,166,926   2,016,215      
Reportable Legal Entities | Non-Guarantor Subsidiaries | Multifamily            
Assets:            
Total assets 1,184,086   1,068,831      
LIABILITIES AND EQUITY            
Total liabilities 236,059   232,155      
Reportable Legal Entities | Non-Guarantor Subsidiaries | Lennar Other            
Assets:            
Total assets 282,728   339,988      
LIABILITIES AND EQUITY            
Total liabilities 11,628   30,038      
Consolidating Adjustments            
Assets:            
Total assets (22,542,973)   (22,552,992)      
LIABILITIES AND EQUITY            
Total liabilities (12,332,750)   (12,073,054)      
Total stockholders’ equity (10,210,223)   (10,479,938)      
Noncontrolling interests 0   0      
Total equity (10,210,223)   (10,479,938)      
Total liabilities and equity (22,542,973)   (22,552,992)      
Consolidating Adjustments | Homebuilding            
Assets:            
Cash and cash equivalents, restricted cash and receivables, net 0   0      
Inventories 0   0      
Investments in unconsolidated entities 0   0      
Goodwill 0   0      
Other assets (36,365)   (41,220)      
Investments in subsidiaries (10,210,223)   (10,479,938)      
Intercompany (12,272,981)   (12,027,996)      
Total assets (22,519,569)   (22,549,154)      
LIABILITIES AND EQUITY            
Accounts payable and other liabilities (59,769)   (45,058)      
Liabilities related to consolidated inventory not owned     0      
Senior notes and other debts payable, net     0      
Intercompany (12,272,981)   (12,027,996)      
Total liabilities (12,332,750)   (12,073,054)      
Consolidating Adjustments | Financial Services            
Assets:            
Total assets (2,286)   (1,073)      
LIABILITIES AND EQUITY            
Total liabilities 0   0      
Consolidating Adjustments | Multifamily            
Assets:            
Total assets 0   0      
LIABILITIES AND EQUITY            
Total liabilities 0   0      
Consolidating Adjustments | Lennar Other            
Assets:            
Total assets (21,118)   (2,765)      
LIABILITIES AND EQUITY            
Total liabilities $ 0   $ 0      
[1]
Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations ("ASC 810"), the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated variable interest entities ("VIEs") and liabilities of consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations.
As of August 31, 2020, total assets include $960.5 million related to consolidated VIEs of which $21.3 million is included in Homebuilding cash and cash equivalents, $0.1 million in Homebuilding receivables, net, $15.8 million in Homebuilding finished homes and construction in progress, $481.0 million in Homebuilding land and land under development, $386.6 million in Homebuilding consolidated inventory not owned, $2.1 million in Homebuilding investments in unconsolidated entities, $8.9 million in Homebuilding other assets and $44.7 million in Multifamily assets.
As of November 30, 2019, total assets include $980.2 million related to consolidated VIEs of which $15.5 million is included in Homebuilding cash and cash equivalents, $0.2 million in Homebuilding receivables, net, $97.5 million in Homebuilding finished homes and construction in progress, $283.2 million in Homebuilding land and land under development, $301.0 million in Homebuilding consolidated inventory not owned, $2.5 million in Homebuilding investments in unconsolidated entities, $10.0 million in Homebuilding other assets, $221.2 million in Financial Services assets and $49.1 million in Multifamily assets.
[2]
Under certain provisions of ASC 810, the Company is required to separately disclose on its condensed consolidated balance sheets the assets owned by consolidated VIEs and liabilities of consolidated VIEs as to which neither Lennar Corporation, nor any of its subsidiaries, has any obligations.
As of August 31, 2020, total liabilities include $473.8 million related to consolidated VIEs as to which there was no recourse against the Company, of which $20.0 million is included in Homebuilding accounts payable, $315.4 million in Homebuilding liabilities related to consolidated inventory not owned, $118.4 million in Homebuilding senior notes and other debts payable, $9.3 million in Homebuilding other liabilities and $10.7 million in Multifamily liabilities.
As of November 30, 2019, total liabilities include $549.7 million related to consolidated VIEs as to which there was no recourse against the Company, of which $13.7 million is included in Homebuilding accounts payable, $247.5 million in Homebuilding liabilities related to consolidated inventory not owned, $47.1 million in Homebuilding senior notes and other debt payable, $8.9 million in Homebuilding other liabilities, $231.1 million in Financial Services liabilities and $1.4 million in Multifamily liabilities.