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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
May 31, 2018
May 31, 2017
OPERATING ACTIVITIES    
Net income $ 951 $ 730
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,000 896
(Gains) losses on fuel derivatives, net (57) 27
Share-based compensation 32 34
Other, net 4 36
Adjustments to reconcile net income to net cash provided by operating activities 1,930 1,723
Changes in operating assets and liabilities    
Receivables (35) (8)
Inventories (16) (19)
Prepaid expenses and other 59 (28)
Accounts payable (14) (38)
Accrued liabilities and other (249) (20)
Customer deposits 1,413 1,239
Net cash provided by operating activities 3,087 2,849
INVESTING ACTIVITIES    
Purchases of property and equipment (2,201) (1,859)
Proceeds from sales of ships 102 0
Payments of fuel derivative settlements (34) (99)
Other, net 41 24
Net cash used in investing activities (2,092) (1,934)
FINANCING ACTIVITIES    
Proceeds from short-term borrowings, net 398 182
Principal repayments of long-term debt (1,181) (907)
Proceeds from issuance of long-term debt 1,618 467
Dividends paid (646) (507)
Purchases of treasury stock (513) (152)
Other, net (16) (18)
Net cash used in financing activities (339) (935)
Effect of exchange rate changes on cash and cash equivalents 2 14
Net increase (decrease) in cash and cash equivalents 658 (6)
Cash and cash equivalents at beginning of period 395 $ 603
Cash and cash equivalents at end of period $ 1,053