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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
Revenues        
Revenues $ 4,838 $ 4,357 $ 9,511 $ 8,589
Cruise        
Selling and administrative 621 605 1,250 1,221
Depreciation and amortization 542 512 1,059 1,000
Operating costs and expenses 4,323 3,798 8,609 7,611
Operating Income 515 559 902 978
Nonoperating Income (Expense)        
Interest income 5 3 9 6
Interest expense, net of capitalized interest (54) (49) (105) (98)
Gains on fuel derivatives, net 0 41 0 57
Other income (expense), net (7) 10 (9) 11
Nonoperating Income (Expense) (56) 5 (105) (24)
Income Before Income Taxes 459 564 797 955
Income Tax Expense, Net (8) (3) (10) (3)
Net Income $ 451 $ 561 $ 787 $ 951
Earnings Per Share        
Earnings per share, basic (in dollars per share) $ 0.65 $ 0.79 $ 1.14 $ 1.33
Earnings per share, diluted (in dollars per share) $ 0.65 $ 0.78 $ 1.13 $ 1.33
Cruise and tour        
Cruise        
Operating costs and expenses $ 3,159 $ 2,681 $ 6,301 $ 5,390
Cruise        
Cruise        
Commissions, transportation and other 613 577 1,322 1,240
Onboard and other 485 138 952 278
Payroll and related 566 543 1,123 1,101
Fuel 423 373 804 731
Food 269 265 538 530
Other ship operating 742 749 1,472 1,460
Cruise passenger ticket        
Revenues        
Revenues 3,257 3,193 6,456 6,341
Cruise onboard and other        
Revenues        
Revenues 1,510 1,122 2,955 2,192
Tour and other        
Revenues        
Revenues 71 42 99 55
Cruise        
Operating costs and expenses $ 61 $ 36 $ 90 $ 50