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Compensation Plans and Post-Employment Benefits (Tables)
 12 Months Ended
Nov. 30, 2022
Retirement Benefits [Abstract]  
Schedule of Share Based Compensation Awards Activity
 SharesWeighted-Average
Grant Date Fair
Value
Outstanding at November 30, 20192,491,376 $59.97 
Granted9,971,331 $20.72 
Vested(1,641,570)$30.68 
Forfeited(480,361)$50.96 
Outstanding at November 30, 202010,340,776 $26.61 
Granted4,453,572 $20.65 
Vested(6,618,083)$21.31 
Forfeited(729,073)$35.81 
Outstanding at November 30, 20217,447,192 $26.85 
Granted3,117,638 $17.53 
Vested(3,503,118)$24.36 
Forfeited(681,197)$36.20 
Outstanding at November 30, 20226,380,515 $22.67 
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets
UK Plan (a)All Other Plans
(in millions)2022202120222021
Change in projected benefit obligation:
Projected benefit obligation as of December 1$298 $303 $263 $280 
   Past service cost— — 18 10 
   Interest cost5 4 5 4 
   Benefits paid(12)(10)(15)(5)
   Actuarial (gain) loss on plans’ liabilities(88)(7)(49)(8)
   Plan curtailments, settlements and other(6)7 1 (19)
Projected benefit obligation as of November 30198 298 223 263 
Change in plan assets:
Fair value of plan assets as of December 1355 325 12 17 
Return (loss) on plans’ assets(116)31 (1)— 
Employer contributions2 1 12 17 
Benefits paid(12)(10)(12)(5)
Plan settlements(5)— (1)(17)
Administrative expenses(2)8 — — 
Fair value of plan assets as of November 30222 355 10 12 
Funded status as of November 30$24 $56 $(213)$(250)

(a) The P&O Princess Cruises (UK) Pension Scheme (“UK Plan”)
Schedule of Defined Benefit Plan Amounts Recognized in Balance Sheets
The amounts recognized in the Consolidated Balance Sheets for these plans were as follows:
UK PlanAll Other Plans
November 30,November 30,
(in millions)2022202120222021
Other assets$24 $56 $— $— 
Accrued liabilities and other$— $— $25 $23 
Other long-term liabilities$— $— $188 $227 
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
Amounts for pension plans with accumulated benefit obligations in excess of fair value of plan assets are as follows:
November 30,
(in millions)20222021
Projected benefit obligation$223 $263 
Accumulated benefit obligation$218 $254 
Fair value of plan assets$10 $12 
Schedule of Net Benefit Costs
The net benefit cost recognized in the Consolidated Statements of Income (Loss) were as follows:
UK PlanAll Other Plans
November 30,November 30,
(in millions)202220212020202220212020
Service cost$— $— $— $18 $10 $20 
Interest cost5 4 5 5 4 6 
Expected return on plan assets(6)(6)(8)— — (1)
Amortization of prior service cost— — — — — — 
Amortization of net loss (gain)— — — 3 4 4 
Settlement loss recognized— — — 1 5 1 
Net periodic benefit cost$(1)$(1)$(3)$26 $22 $32 

The components of net periodic benefit cost other than the service cost component are included in other income (expense), net in the Consolidated Statements of Income (Loss).

Weighted average assumptions used to determine the projected benefit obligation are as follows:
UK PlanAll Other Plans
2022202120222021
Discount rate4.3 %1.6 %5.4 %2.6 %
Rate of compensation increase2.9 %2.7 %3.0 %3.0 %

Weighted average assumptions used to determine net pension income are as follows:
UK PlanAll Other Plans
202220212020202220212020
Discount rate1.6 %1.6 %1.9 %3.2 %2.3 %2.9 %
Expected return on assets— %1.9 %3.0 %2.3 %2.3 %3.0 %
Rate of compensation increase2.7 %2.3 %2.9 %3.0 %3.0 %2.7 %
Schedule of Defined Benefit Plan AOCI
Amounts recognized in AOCI are as follows:
UK PlanAll Other Plans
November 30,November 30,
2022202120222021
Actuarial losses (gains) recognized in the current year$35 $— $(48)$(7)
Amortization and settlements included in net periodic benefit cost$— $— $(1)$(12)
Schedule of Expected Future Benefit Payments Estimated future benefit payments to be made during each of the next five fiscal years and in the aggregate during the succeeding five fiscal years are as follows:
(in millions)UK PlanAll Other Plans
2023$6 $26 
20246 25 
20257 26 
20267 26 
20277 27 
2028-203243 151 
$76 $280 
Schedule of Fair Values of Plan Assets
The fair values of the plan assets of the UK Plan by investment class are as follows:

November 30,
20222021
Equities$53 $62 
U.K. government fixed interest bonds (gilts)$169 $283