Property and Equipment (Tables)

12 Months Ended

Nov. 30, 2011

Property and equipment consisted of the following (in millions):


	November 30,
	2011			2010
Ships, including ship improvements	$	39,764		$	37,348
Ships under construction		526			696

		40,290			38,044
Land, buildings and improvements, including leasehold improvements and port facilities		898			858
Computer hardware and software, transportation equipment and other		1,016			934

Total property and equipment		42,204			39,836
Less accumulated depreciation and amortization		(10,150	)		(8,869	)

	$	32,054	(a)	$	30,967	(a)

(a)

At November 30, 2011 and 2010, the net carrying values of ships and ships under construction for our North America, EAA, Cruise Support and Tour and Other segments were $17.9 billion, $12.8 billion, $0.2 billion and $0.1 billion and $17.5 billion, $12.1 billion, $0.2 billion and $0.2 billion, respectively.

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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