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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Cruise        
Passenger tickets $ 2,696 $ 2,628 $ 5,414 $ 5,260
Onboard and other 978 927 1,901 1,816
Tour and other 31 35 42 44
Revenues 3,705 3,590 7,357 7,120
Cruise        
Commissions, transportation and other 495 481 1,077 1,067
Onboard and other 123 114 240 225
Payroll and related 502 469 994 936
Fuel 196 333 383 650
Food 248 242 495 482
Other ship operating 667 734 1,271 1,332
Tour and other 27 31 41 47
Operating expenses 2,258 2,404 4,501 4,739
Selling and administrative 532 491 1,083 1,020
Depreciation and amortization 437 406 861 807
Costs and Expenses 3,227 3,301 6,445 6,566
Operating Income 478 289 912 554
Nonoperating (Expense) Income        
Interest income 2 2 3 4
Interest expense, net of capitalized interest (57) (57) (108) (114)
Gains (losses) on fuel derivatives, net 171 (13) (65) (181)
Other income, net 13 5 8 15
Nonoperating (Expense) Income, Total 129 (63) (162) (276)
Income Before Income Taxes 607 226 750 278
Income Tax Expense, Net (2) (4) (3) (7)
Net Income $ 605 $ 222 $ 747 $ 271
Earnings Per Share        
Earnings Per Share, Basic (in dollars per share) $ 0.81 $ 0.29 $ 0.99 $ 0.35
Earnings Per Share, Diluted (in dollars per share) 0.80 0.29 0.98 0.35
Dividends Declared Per Share (in dollars per share) $ 0.35 $ 0.25 $ 0.65 $ 0.5