Property and Equipment

12 Months Ended

Nov. 30, 2017

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

	November 30,
(in millions)	2017			2016
Ships and ship improvements	$	46,744		$	44,122
Ships under construction	790			725
Other property and equipment	3,331			2,677
Total property and equipment	50,865			47,524
Less accumulated depreciation	(16,435		)	(15,095		)
	$	34,430		$	32,429

Capitalized interest amounted to $28 million in 2017, $26 million in 2016 and $22 million in 2015.

Sales of Ships

In April 2017, we transferred an EAA segment 1,550-passenger capacity ship under a bareboat charter agreement which was accounted for as a sale.

In July 2017, we entered into a bareboat charter agreement, which will be accounted for as a sale, for an EAA segment 1,300-passenger capacity ship. The ship will be transferred to the charterer in April 2018.

In September 2017, we entered into an agreement to sell an EAA segment 700-passenger capacity ship. The ship will be transferred to the buyer in March 2018.