Summary of Significant Accounting Policies (Tables)

12 Months Ended

Nov. 30, 2019

Accounting Policies [Abstract]

Schedule of Depreciation and Amortization Expense Computation

Property and equipment are stated at cost less accumulated depreciation and any impairment charges. Depreciation is computed using the straight-line method over our estimates of useful lives and residual values, as a percentage of original cost, as follows:

	Years	Residual Values
Ships	30	15%
Ship improvements	3-30	0%
Buildings and improvements	10-40	0% or 10%
Computer hardware and software	2-12	0% or 10%
Transportation equipment and other	3-20	0% or 10%
Leasehold improvements, including port facilities	Shorter of the remaining lease term or related asset life (3-30)	0%

Schedule of Impacts of ASC 606 Adoption

The following tables summarize the impacts of ASC 606 adoption on our consolidated financial statements:

	Year ended November 30, 2019
(in millions)	Prior to adoption of ASC 606			Adjustments			As Reported
Consolidated Statement of Income
Onboard and other (Revenues)	$	4,899		$	1,432		$	6,331
Revenues (Total)	$	19,393		$	1,432		$	20,825
Onboard and other (Operating Costs and Expenses)	$	669		$	1,432		$	2,101
Operating Costs and Expenses (Total)	$	16,117		$	1,432		$	17,549
Operating Income	$	3,276		$	—		$	3,276
Net Income	$	2,990		$	—		$	2,990
	At November 30, 2019
(in millions)	Prior to adoption of ASC 606			Adjustments			As Reported
Consolidated Balance Sheet
Prepaid expenses and other	$	517		$	154		$	671
Total current assets	$	1,905		$	154		$	2,059
Customer deposits	$	4,581		$	154		$	4,735
Total current liabilities	$	8,973		$	154		$	9,127
	Year ended November 30, 2019
(in millions)	Prior to adoption of ASC 606			Adjustments			As Reported
Consolidated Statement of Cash Flows
Prepaid expenses and other	$	(100	)	$	(154	)	$	(254	)
Customer deposits	$	233		$	154		$	387
Net cash provided by operating activities	$	5,475		$	—		$	5,475