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Segment Information
3 Months Ended
Feb. 28, 2015
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 Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and prior to November 2014, the former 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, 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 2014, our Tour and Other segment also included one ship that we chartered to an unaffiliated entity. In November 2014 and December 2014, we entered into bareboat charter/sale agreements under which Grand Holiday and Costa Celebration, respectively, were chartered to an unrelated entity in January 2015 through March 2025 and December 2014 through December 2024, respectively. Under these agreements, ownership of Grand Holiday and Costa Celebration will be transferred to the buyer at the end of their lease term. Both of these transactions did not meet the criteria to qualify as a sales-type lease and, accordingly, they are being accounted for as operating leases whereby we recognize the charter revenue over the term of the agreements. Subsequent to entering into these agreements, our Tour and Other segment includes these three ships.
Selected information for our segments was as follows (in millions):
 
 
Three Months Ended February 28,
 
Revenues
 
Operating costs and
expenses
 
Selling
and
administrative
 
Depreciation
and
amortization
 
Operating
income  (loss)
2015
 
 
 
 
 
 
 
 
 
North America Cruise Brands
$
2,193

 
$
1,377

 
$
287

 
$
246

 
$
283

EAA Cruise Brands
1,303

 
943

 
179

 
138

 
43

Cruise Support
26

 
(1
)
 
61

 
6

 
(40
)
Tour and Other
9

 
16

 
2

 
11

 
(20
)
 
$
3,531

 
$
2,335

 
$
529

 
$
401

 
$
266

2014
 
 
 
 
 
 
 
 
 
North America Cruise Brands
$
2,119

 
$
1,537

 
$
297

 
$
236

 
$
49

EAA Cruise Brands
1,433

 
1,039

 
187

 
152

 
55

Cruise Support
25

 
1

 
35

 
9

 
(20
)
Tour and Other
8

 
15

 
2

 
8

 
(17
)
 
$
3,585

 
$
2,592

 
$
521

 
$
405

 
$
67