Segment Information

12 Months Ended

Nov. 30, 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, 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 (“Europe”), (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 exclusive islands as well as 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 expenses		Selling and administrative		Depreciation and amortization		Operating income (loss)			Capital expenditures		Total assets
2023
NAA	$	14,588	$	9,587	$	1,753	$	1,495	$	1,752		$	1,932	$	28,547
Europe (a)	6,535		4,398		876		668		593			1,161		16,524
Cruise Support	206		127		294		184		(399)			179		3,667
Tour and Other	265		205		27		23		11			12		382
	$	21,593	$	14,317	$	2,950	$	2,370	$	1,956		$	3,284	$	49,120
2022
NAA	$	8,281	$	7,526	$	1,517	$	1,408	$	(2,170)		$	2,568	$	27,413
Europe (a)	3,531		3,925		745		692		(1,830)			2,213		15,317
Cruise Support	171		120		225		140		(315)			155		8,461
Tour and Other	185		187		27		36		(64)			4		512
	$	12,168	$	11,757	$	2,515	$	2,275	$	(4,379)		$	4,940	$	51,703
2021
NAA	$	1,108	$	2,730	$	953	$	1,352	$	(3,928)		$	2,397	$	25,606
Europe (a)	712		1,807		568		728		(2,617)		(b)	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

(a)Beginning in the first quarter of 2023, we renamed the Europe and Asia segment to Europe segment.

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

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

	Years Ended November 30,
(in millions)	2023		2022		2021
North America	$	13,112	$	7,866	$	1,066
Europe	6,565		3,918		811
Australia	1,181		252		—
Other	735		132		31
	$	21,593	$	12,168	$	1,908

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