Segment Information

12 Months Ended

Nov. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Our operating segments are reported on the same basis as the internally reported information that is provided to our chief operating decision maker (“CODM”), who is the President and Chief Executive Officer of Carnival Corporation and Carnival plc. The CODM assesses performance and makes decisions to allocate resources for Carnival Corporation & plc based upon review of the results across all of our segments. Our four reportable segments are comprised of (1) NAA cruise operations, (2) EA cruise operations, (3) Cruise Support and (4) Tour and Other.

The operating segments within each of our NAA and EA reportable segments have been aggregated based on the similarity of their economic and other characteristics. Our Cruise Support segment includes our portfolio of leading port destinations and other services, all of which are operated for the benefit of our cruise brands. Our Tour and Other segment represents the hotel and transportation operations of Holland America Princess Alaska Tours and other operations.

 

	As of and for the years ended November 30,
(in millions)	Revenues		Operating costs and expenses		Selling and administrative		Depreciation and amortization		Operating income (loss)			Capital expenditures		Total assets
2021
NAA	$	1,108	$	2,730	$	953	$	1,352	$	(3,928)		$	2,397	$	25,606
EA	712		1,807		568		728		(2,617)		(a)	515		16,088
Cruise Support	42		55		335		129		(477)			660		11,014
Tour and Other	46		63		27		23		(67)			35		637
	$	1,908	$	4,655	$	1,885	$	2,233	$	(7,089)		$	3,607	$	53,344
2020
NAA	$	3,627	$	5,623	$	1,066	$	1,413	$	(5,794)	(b)	$	1,430	$	25,257
EA	1,790		2,548		523		672		(2,729)		(c)	2,036		16,505
Cruise Support	68		(10)		262		128		(313)			144		11,135
Tour and Other	110		84		27		28		(29)			11		696
	$	5,595	$	8,245	$	1,878	$	2,241	$	(8,865)		$	3,620	$	53,593
2019
NAA	$	13,612	$	8,370	$	1,427	$	1,364	$	2,451		$	2,781	$	27,102
EA	6,650		4,146		744		645		1,115			2,462		15,473
Cruise Support	173		125		281		115		(347)			143		1,861
Tour and Other	390		268		28		36		56			43		623
	$	20,825	$	12,909	$	2,480	$	2,160	$	3,276		$	5,429	$	45,058

(a)    Includes $226 million of goodwill impairment charges.

(b)    Includes $1.3 billion of goodwill impairment charges.    

(c)    Includes $777 million of goodwill impairment charges.

Revenues by geographic areas, which are based on where our guests are sourced, were as follows:

	Years Ended November 30,
(in millions)	2021		2020		2019
North America	$	1,066	$	3,084	$	11,502
Europe	811		1,643		6,318
Australia and Asia	18		687		2,632
Other	14		180		373
	$	1,908	$	5,595	$	20,825

Substantially all of our long-lived assets consist of our ships and move between geographic areas.