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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
May 31, 2017
May 31, 2016
OPERATING ACTIVITIES    
Net Income $ 730 $ 747
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 896 861
Losses on fuel derivatives, net 27 65
Share-based compensation 34 28
Other, net 36 22
Adjustments to reconcile net income to net cash provided by operating activities 1,723 1,723
Changes in operating assets and liabilities    
Receivables (8) (40)
Inventories (19) 16
Prepaid expenses and other (28) 4
Accounts payable (38) 36
Accrued liabilities and other (20) (84)
Customer deposits 1,239 1,026
Net cash provided by operating activities 2,849 2,681
INVESTING ACTIVITIES    
Additions to property and equipment (1,859) (1,966)
Proceeds from sales of ships 0 19
Payments of fuel derivative settlements (99) (170)
Collateral payments for fuel derivatives 0 (25)
Other, net 24 (31)
Net cash used in investing activities (1,934) (2,173)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings, net 182 379
Principal repayments of long-term debt (907) (869)
Proceeds from issuance of long-term debt 467 934
Dividends paid (507) (459)
Purchases of treasury stock (152) (1,401)
Sales of treasury stock 0 40
Other, net (18) (5)
Net cash used in financing activities (935) (1,381)
Effect of exchange rate changes on cash and cash equivalents 14 (3)
Net decrease in cash and cash equivalents (6) (876)
Cash and cash equivalents at beginning of period 603 1,395
Cash and cash equivalents at end of period $ 597 $ 519