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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2019
Aug. 31, 2018
Revenues        
Revenues $ 6,533 $ 5,836 $ 16,043 $ 14,425
Cruise        
Selling and administrative 563 573 1,813 1,794
Depreciation and amortization 548 511 1,607 1,510
Operating costs and expenses 4,643 4,042 13,252 11,653
Operating Income 1,890 1,794 2,791 2,772
Nonoperating Income (Expense)        
Interest income 8 5 16 10
Interest expense, net of capitalized interest (52) (49) (157) (147)
Gains on fuel derivatives, net 0 4 0 61
Other income (expense), net (19) (9) (27) 2
Nonoperating Income (Expense) (63) (50) (168) (74)
Income Before Income Taxes 1,827 1,744 2,624 2,699
Income Tax Expense, Net (47) (37) (56) (40)
Net Income $ 1,780 $ 1,707 $ 2,567 $ 2,659
Earnings Per Share        
Basic (in dollars per share) $ 2.58 $ 2.42 $ 3.72 $ 3.73
Diluted (in dollars per share) $ 2.58 $ 2.41 $ 3.71 $ 3.72
Cruise and tour        
Cruise        
Operating costs and expenses $ 3,532 $ 2,958 $ 9,833 $ 8,348
Cruise        
Cruise        
Commissions, transportation and other 803 760 2,125 2,000
Onboard and other 668 207 1,620 485
Payroll and related 548 537 1,671 1,638
Fuel 401 434 1,204 1,166
Food 284 275 821 804
Other ship operating 719 655 2,192 2,115
Cruise passenger ticket        
Revenues        
Revenues 4,477 4,353 10,934 10,694
Cruise onboard and other        
Revenues        
Revenues 1,855 1,316 4,811 3,509
Tour and other        
Revenues        
Revenues 200 167 299 222
Cruise        
Operating costs and expenses $ 109 $ 90 $ 198 $ 140