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Consolidated Statements of Income (Loss) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2021
Aug. 31, 2020
Revenues        
Revenues $ 546 $ 31 $ 621 $ 5,561
Operating Costs and Expenses        
Operating costs and expenses 2,603 2,364 5,817 12,784
Selling and administrative 425 265 1,305 1,435
Depreciation and amortization 562 551 1,681 1,698
Goodwill impairments 0 0 0 2,096
Operating Income (Loss) (2,057) (2,333) (5,196) (7,223)
Nonoperating Income (Expense)        
Interest income 3 3 10 15
Interest expense, net of capitalized interest (418) (310) (1,253) (547)
Gains (losses) on debt extinguishment, net (376) (220) (372) (220)
Other income (expense), net (11) (1) (87) (41)
Nonoperating Income (Expense) (802) (528) (1,702) (793)
Income (Loss) Before Income Taxes (2,859) (2,861) (6,898) (8,016)
Income Tax Benefit (Expense), Net 23 2 17 2
Net Income (Loss) $ (2,836) $ (2,858) $ (6,881) $ (8,014)
Earnings Per Share        
Basic (in dollars per share) $ (2.50) $ (3.69) $ (6.14) $ (11.03)
Diluted (in dollars per share) $ (2.50) $ (3.69) $ (6.14) $ (11.03)
Cruise        
Operating Costs and Expenses        
  Commissions, transportation and other $ 79 $ 34 $ 116 $ 1,098
  Onboard and other 72 9 94 593
  Payroll and related 375 248 834 1,563
  Fuel 182 121 398 718
  Food 52 19 80 404
Ship and other impairments 475 910 524 1,829
Other operating 381 208 786 1,349
Operating costs and expenses 1,616 1,549 2,832 7,556
Cruise passenger ticket        
Revenues        
Revenues 303 0 326 3,680
Cruise onboard and other        
Revenues        
Revenues $ 243 $ 31 $ 295 $ 1,881