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Segment Information
 12 Months Ended
Nov. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
We have three reportable cruise segments that are comprised of our (1) North America cruise brands, (2) EAA cruise brands and (3) Cruise Support. In addition, we have a Tour and Other segment. Our segments are reported on the same basis as the internally reported information that is provided to our chief operating decision maker (“CODM”), who is the President and Chief Executive Officer of Carnival Corporation and Carnival plc. Decisions to allocate resources and assess performance for Carnival Corporation & plc are made by the CODM upon review of the segment results across all of our cruise brands and other segments.
Our North America cruise segment includes Carnival Cruise Line, Holland America Line, Princess and Seabourn. Our EAA cruise segment includes AIDA, Costa, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and prior to November 2014, Ibero. These individual cruise brand operating segments have been aggregated into two reportable segments based on the similarity of their economic and other characteristics, including types of customers, regulatory environment, ship maintenance requirements, supporting systems and processes and products and services they provide. Our Cruise Support segment represents certain of our port and related facilities and other services that are provided for the benefit of our cruise brands. Our Tour and Other segment represents the hotel and transportation operations of Holland America Princess Alaska Tours. In 2012, our Tour and Other segment also included two ships that we chartered to an unaffiliated entity. In April 2013, we sold one of these two ships and recognized a $15 million gain as a reduction of Tour and Other operating expenses. Accordingly, subsequent to this 2013 sale and through November 30, 2014, our Tour and Other segment included only one ship. The significant accounting policies of our segments are the same as those described in Note 2 – “Summary of Significant Accounting Policies.”
Selected information for our segments as of and for the years ended November 30 was as follows (in millions):
 
 
Revenues
 
Operating
expenses
 
Selling
and
administrative
 
Depreciation
and
amortization
 
Operating
income  (loss)
 
Capital
expenditures
 
Total
assets
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North America Cruise Brands (a)
$
9,559

 
$
6,418

 
$
1,121

 
$
959

 
$
1,061

  
$
1,315

 
$
22,765

  
EAA Cruise Brands
6,148

 
3,914

 
725

 
616

 
893


1,054

 
15,228

  
Cruise Support
90

 
39

 
200

 
25

 
(174
)
 
156

 
1,023

  
Tour and Other (a)
215

 
160

 
8

 
35

 
12

 
58

 
516

(c) 
Intersegment elimination (a)
(128
)
 
(128
)
 
—

 
—

 
—

 
—

 
—

  
 
$
15,884

 
$
10,403

 
$
2,054

 
$
1,635

 
$
1,792

 
$
2,583

 
$
39,532

  
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North America Cruise Brands (a)
$
9,370

 
$
6,439

 
$
1,048

 
$
927

 
$
956

 
$
1,350

 
$
22,448

  
EAA Cruise Brands
5,906

 
4,137

 
686

 
599

 
471

(b) 
642

 
16,126

  
Cruise Support
96

 
31

 
136

 
26

 
(97
)
 
108

 
1,016

  
Tour and Other (a)
210

 
143

 
9

 
36

 
22

 
49

 
514

(c) 
Intersegment elimination (a)
(126
)
 
(126
)
 
—

 
—

 
—

 
—

 
—

  
 
$
15,456

 
$
10,624

 
$
1,879

 
$
1,588

 
$
1,352

 
$
2,149

 
$
40,104

  
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North America Cruise Brands (a)
$
9,364

 
$
6,240

 
$
949

 
$
898

 
$
1,277

 
$
990

 
$
21,893

  
EAA Cruise Brands
5,827

 
4,010

 
650

 
561

 
433

(b) 
1,291

 
15,894

  
Cruise Support
86

 
22

 
114

 
28

 
(78
)
 
33

 
888

  
Tour and Other (a)
211

 
154

 
7

 
40

 
10

 
18

 
486

(c) 
Intersegment elimination (a)
(106
)
 
(106
)
 
—

 
—

 
—

 
—

 
—

  
 
$
15,382

 
$
10,320

 
$
1,720

 
$
1,527

 
$
1,642

  
$
2,332

 
$
39,161

  
 
(a)
A portion of the North America cruise brands’ segment revenues includes revenues for the tour portion of a cruise when a land tour package is sold along with a cruise by either Holland America Line or Princess. These intersegment tour revenues, which are included in our Tour and Other segment, are eliminated directly against the North America cruise brands’ segment revenues and operating expenses in the line “Intersegment elimination.”
(b)
Includes $13 million in 2013 and $173 million in 2012 of impairment charges related to Ibero’s goodwill and trademarks.
(c)
Tour and Other segment assets primarily include hotels and lodges in the state of Alaska and the Canadian Yukon, motorcoaches used for sightseeing and charters, glass-domed railcars, which run on the Alaska Railroad, and our owned ships that we leased out under long-term charters to an unaffiliated entity.
Non-U.S. revenues for our cruise brands represent sales generated from outside the U.S. principally by non-U.S. travel agents and tour operators. Substantially all of our long-lived assets are located outside of the U.S. and consist of our ships and ships under construction.
Revenues by geographic areas, which are based on where our guests are sourced and not the cruise brands on which they sailed, were as follows (in millions):
 
  
Years Ended November 30,
 
2014
 
2013
 
2012
North America
$
7,762

 
$
7,738

 
$
7,952

Europe
5,676

 
5,426

 
5,367

Australia and Asia
2,097

 
1,772

 
1,506

Other
349

 
520

 
557

 
$
15,884

 
$
15,456

 
$
15,382