Property and Equipment

12 Months Ended

Nov. 30, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

	November 30,
(in millions)	2021		2020
Ships and ship improvements	$	50,501	$	49,803
Ships under construction	1,536		1,354
Other property and equipment	3,928		3,992
Total property and equipment	55,965		55,148
Less accumulated depreciation	(17,858)		(17,075)
	$	38,107	$	38,073

Capitalized interest amounted to $83 million in 2021, $66 million in 2020 and $39 million in 2019.

Sales of Ships

During 2021, we completed the sale of one NAA segment ship, which represents a passenger-capacity reduction of 670 berths for our NAA segment and one EA segment ship, which represents a passenger-capacity reduction of 1,180 berths for our EA segment.

Refer to Note 10 - “Fair Value Measurements, Derivative Instruments and Hedging Activities and Financial Risks, Nonfinancial Instruments that are Measured at Fair Value on a Nonrecurring Basis, Impairment of Ships” for additional discussion.