Earnings Per Share

3 Months Ended

Feb. 28, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share 

	Three Months Ended February 28/29,
(in millions, except per share data)	2021		2020
Net income (loss) for basic and diluted earnings per share	$	(1,973)	$	(781)
Weighted-average shares outstanding	1,095		684
Dilutive effect of equity plans	—		—
Diluted weighted-average shares outstanding	1,095		684
Basic earnings per share	$	(1.80)	$	(1.14)
Diluted earnings per share	$	(1.80)	$	(1.14)

Antidilutive shares excluded from diluted earnings per share computations were as follows:

	Three Months Ended February 28/29,
(in millions)	2021	2020
Equity awards	3	1
Convertible Notes	54	—
Total antidilutive securities	56	1

Equity Offering

In February 2021, we completed a public offering of 40.5 million shares of Carnival Corporation’s common stock at a price per share of $25.10, resulting in net proceeds of $996 million.