CARNIVAL CORPORATION & PLC CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
Feb. 29, 2012	Feb. 28, 2011
Cruise
Passenger tickets	$ 2,764	$ 2,652
Onboard and other	809	757
Tour and other	9	10
Revenues	3,582	3,419
Cruise
Commissions, transportation and other	661	664
Onboard and other	126	120
Fuel	592	450
Payroll and related	442	411
Food	240	231
Other ship operating	619	510
Tour and other	14	9
Total	2,694	2,395
Selling and administrative	421	422
Depreciation and amortization	376	367
Ibero goodwill and trademark impairment charges	173
Costs and Expenses	3,664	3,184
Operating (Loss) Income	(82)	235
Nonoperating (Expense) Income
Interest income	3	2
Interest expense, net of capitalized interest	(88)	(86)
Gains on fuel derivatives, net	21
Other income, net	5	6
Nonoperating Income (Expense), Total	(59)	(78)
(Loss) Income Before Income Taxes	(141)	157
Income Tax Benefit (Expense), Net	2	(5)
Net (Loss) Income	$ (139)	$ 152
(Loss) Earnings Per Share
Basic	$ (0.18)	$ 0.19
Diluted	$ (0.18)	$ 0.19
Dividends Declared Per Share	$ 0.25	$ 0.25

This represents costs that vary directly with onboard and other revenues, and include the costs of liquor and some beverages, costs of tangible goods sold by us from our gift, photo and art auction activities, pre and post-cruise land packages and credit card fees. Concession revenues do not have any significant amount of costs associated with them, as the costs and services incurred for these activities are provided by our concessionaires.

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