Segment Information

3 Months Ended

Feb. 28, 2023

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, Chief Executive Officer and Chief Climate 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) Europe cruise operations, (3) Cruise Support and (4) Tour and Other.

The operating segments within each of our NAA and Europe reportable segments have been aggregated based on the similarity of their economic and other characteristics, including geographic guest sourcing. 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.

We have renamed the EA segment given that China has not reopened to international cruise travel. As a result, we have significantly reduced operations in Asia and leveraged the mobility of our cruise ships and our brand portfolio to build alternate deployments. In 2019, our most recent full year of guest cruise operations, China accounted for 7% of our guests.

	Three Months Ended February 28,
(in millions)	Revenues		Operating costs and expenses		Selling and administrative		Depreciation and amortization		Operating income (loss)
2023
NAA	$	3,078	$	2,189	$	440	$	363	$	86
Europe	1,294		1,078		213		169		(166)
Cruise Support	51		25		53		42		(69)
Tour and Other	9		18		5		7		(21)
	$	4,432	$	3,311	$	712	$	582	$	(172)
2022
NAA	$	1,126	$	1,288	$	344	$	334	$	(840)
Europe	457		698		176		181		(598)
Cruise Support	33		28		5		33		(34)
Tour and Other	8		17		6		5		(20)
	$	1,623	$	2,030	$	530	$	554	$	(1,491)

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

	Three Months Ended February 28,
(in millions)	2023		2022
North America	$	2,696	$	1,119
Europe	1,187		479
Australia	338		8
Other	211		18
	$	4,432	$	1,623