Shareholders' Equity

9 Months Ended

Aug. 31, 2018

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Effective August 27, 2018, the company 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, 2018, we repurchased 11.8 million shares of Carnival plc ordinary shares and 7.8 million shares of Carnival Corporation common stock for $726 million and $475 million, respectively, under the Repurchase Program. At August 31, 2018, the remaining availability under the Repurchase Program was $987 million.

During the three months ended August 31, 2018, our Boards of Directors declared a dividend to holders of Carnival Corporation common stock and Carnival plc ordinary shares of $0.50 per share.