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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2018
Aug. 31, 2017
Revenues        
Revenues $ 5,836 $ 5,515 $ 14,425 $ 13,251
Cruise        
Selling and administrative 573 547 1,794 1,649
Depreciation and amortization 511 473 1,510 1,368
Goodwill and trademark impairment 0 89 0 89
Operating Costs and Expenses 4,042 4,122 11,653 10,990
Operating Income 1,794 1,393 2,772 2,261
Nonoperating Income (Expense)        
Interest income 5 3 10 7
Interest expense, net of capitalized interest (49) (49) (147) (150)
Gains (losses) on fuel derivatives, net 4 7 61 (19)
Other (expense) income, net (9) 14 2 7
Nonoperating Income (Expense) (50) (25) (74) (155)
Income Before Income Taxes 1,744 1,368 2,699 2,106
Income Tax Expense, Net (37) (39) (40) (46)
Net Income $ 1,707 $ 1,329 $ 2,659 $ 2,060
Earnings Per Share        
Earnings per share, basic (in dollars per share) $ 2.42 $ 1.84 $ 3.73 $ 2.85
Earnings per share, diluted (in dollars per share) 2.41 1.83 3.72 2.84
Dividends declared per share (in dollars per share) $ 0.5 $ 0.4 $ 1.45 $ 1.15
Cruise and tour        
Cruise        
Operating Costs and Expenses $ 2,958 $ 3,013 $ 8,348 $ 7,884
Cruise        
Cruise        
Commissions, transportation and other 760 699 2,000 1,781
Onboard and other 207 184 485 438
Payroll and related 537 520 1,638 1,552
Fuel 434 307 1,166 914
Food 275 270 804 774
Other ship operating 655 947 2,115 2,293
Cruise passenger ticket        
Revenues        
Revenues 4,353 4,138 10,694 9,814
Cruise onboard and other        
Revenues        
Revenues 1,316 1,223 3,509 3,237
Tour and other        
Revenues        
Revenues 167 154 222 200
Cruise        
Operating Costs and Expenses $ 90 $ 86 $ 140 $ 132