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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2021
May 31, 2020
May 31, 2021
May 31, 2020
Revenues        
Revenues $ 50 $ 740 $ 75 $ 5,529
Operating Costs and Expenses        
Operating costs and expenses 1,665 4,918 3,214 10,420
Selling and administrative 417 492 879 1,170
Depreciation and amortization 567 577 1,119 1,147
Goodwill impairments 0 1,364 0 2,096
Operating Income (Loss) (1,616) (4,177) (3,139) (4,891)
Nonoperating Income (Expense)        
Interest income 4 6 7 11
Interest expense, net of capitalized interest (437) (182) (835) (237)
Other income (expense), net (11) (32) (71) (39)
Nonoperating Income (Expense) (444) (208) (900) (265)
Income (Loss) Before Income Taxes (2,060) (4,385) (4,039) (5,155)
Income Tax Benefit (Expense), Net (12) 11 (6) 0
Net Income (Loss) $ (2,072) $ (4,374) $ (4,045) $ (5,155)
Earnings Per Share        
Basic (in dollars per share) $ (1.83) $ (6.07) $ (3.63) $ (7.34)
Diluted (in dollars per share) $ (1.83) $ (6.07) $ (3.63) $ (7.34)
Cruise        
Operating Costs and Expenses        
  Commissions, transportation and other $ 22 $ 297 $ 37 $ 1,064
  Onboard and other 15 114 22 585
  Payroll and related 241 705 460 1,315
  Fuel 113 201 216 598
  Food 17 108 28 385
Ship and other impairments 49 589 49 919
Other operating 224 471 404 1,142
Operating costs and expenses 681 2,484 1,216 6,007
Cruise passenger ticket        
Revenues        
Revenues 20 446 23 3,680
Cruise onboard and other        
Revenues        
Revenues $ 29 $ 294 $ 52 $ 1,849