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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Revenues        
Revenues $ 31 $ 6,533 $ 5,561 $ 16,043
Operating Costs and Expenses        
Selling and administrative 265 563 1,435 1,813
Depreciation and amortization 551 548 1,698 1,607
Goodwill impairment 0 0 2,096 0
Operating costs and expenses 2,364 4,643 12,784 13,252
Operating Income (Loss) (2,333) 1,890 (7,223) 2,791
Nonoperating Income (Expense)        
Interest income 3 8 15 16
Interest expense, net of capitalized interest (310) (52) (547) (157)
Other income (expense), net (221) (19) (260) (27)
Nonoperating Income (Expense) (528) (63) (793) (168)
Income (Loss) Before Income Taxes (2,861) 1,827 (8,016) 2,624
Income Tax Benefit (Expense), Net 2 (47) 2 (56)
Net Income (Loss) $ (2,858) $ 1,780 $ (8,014) $ 2,567
Earnings Per Share        
Basic (in dollars per share) $ (3.69) $ 2.58 $ (11.03) $ 3.72
Diluted (in dollars per share) $ (3.69) $ 2.58 $ (11.03) $ 3.71
Cruise        
Operating Costs and Expenses        
Commissions, transportation and other $ 34 $ 803 $ 1,098 $ 2,125
Onboard and other 9 668 593 1,620
Payroll and related 248 548 1,563 1,671
Fuel 121 401 718 1,204
Food 19 284 404 821
Ship and other impairments 910 23 1,829 24
Other operating 208 805 1,349 2,367
Operating costs and expenses 1,549 3,532 7,556 9,833
Cruise passenger ticket        
Revenues        
Revenues 0 4,477 3,680 10,934
Cruise onboard and other        
Revenues        
Revenues $ 31 $ 2,056 $ 1,881 $ 5,110