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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
May 31, 2022
May 31, 2021
May 31, 2022
May 31, 2021
Revenues        
Revenues $ 2,401 $ 50 $ 4,024 $ 75
Operating Costs and Expenses        
Selling and administrative 619 417 1,149 879
Depreciation and amortization 572 567 1,126 1,119
Costs and expenses 3,874 1,665 6,988 3,214
Operating Income (Loss) (1,473) (1,616) (2,964) (3,139)
Nonoperating Income (Expense)        
Interest income 6 4 9 7
Interest expense, net of capitalized interest (370) (437) (738) (835)
Gain (loss) on debt extinguishment, net 0 2 0 4
Other income (expense), net 6 (13) (26) (75)
Nonoperating Income (Expense) (358) (444) (755) (900)
Income (Loss) Before Income Taxes (1,831) (2,060) (3,719) (4,039)
Income Tax Benefit (Expense), Net (3) (12) (6) (6)
Net Income (Loss) $ (1,834) $ (2,072) $ (3,726) $ (4,045)
Earnings Per Share        
Basic (in dollars per share) $ (1.61) $ (1.83) $ (3.27) $ (3.63)
Diluted (in dollars per share) $ (1.61) $ (1.83) $ (3.27) $ (3.63)
Cruise        
Operating Costs and Expenses        
Commissions, transportation and other $ 325 $ 22 $ 576 $ 37
Onboard and other 314 15 523 22
Payroll and related 533 241 1,038 460
Fuel 545 113 910 216
Food 191 17 327 28
Ship and other impairments 0 49 8 49
Other operating 774 224 1,331 404
Operating costs and expenses 2,683 681 4,713 1,216
Passenger ticket        
Revenues        
Revenues 1,285 20 2,158 23
Onboard and other        
Revenues        
Revenues $ 1,116 $ 29 $ 1,866 $ 52