Shareholder's Equity

9 Months Ended

Aug. 31, 2017

Shareholder's Equity [Abstract]

Shareholder's Equity

Shareholders’ Equity

On April 6, 2017, the Boards of Directors approved a modification of the general authorization to repurchase Carnival Corporation common stock and/or Carnival plc ordinary shares (the “Repurchase Program”), which replenished the remaining authorized repurchases at the time of the approval to $1.0 billion. During the nine months ended August 31, 2017, we repurchased 2.8 million shares of Carnival plc ordinary shares and 2.4 million shares of Carnival Corporation common stock for $156 million and $158 million, respectively, under the Repurchase Program. At August 31, 2017, the remaining availability under the Repurchase Program was $830 million.

During the three months ended August 31, 2017, our Boards of Directors declared a dividend to holders of Carnival Corporation common stock and Carnival plc ordinary shares of $0.40 per share.