Property and Equipment (Tables)

12 Months Ended

Nov. 30, 2012

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


	November 30,
	2012			2011

Ships, including ship improvements	$	40,774		$	39,764
Ships under construction		380			526

		41,154			40,290
Land, buildings and improvements, including leasehold improvements and port facilities		901			898
Computer hardware and software, transportation equipment and other		1,146			1,016

Total property and equipment		43,201			42,204
Less accumulated depreciation and amortization		(11,064	)		(10,150	)

	$	32,137	(a)	$	32,054	(a)

(a)

At November 30, 2012 and 2011, the net carrying values of ships and ships under construction for our North America, EAA, Cruise Support and Tour and Other segments were $18.0 billion, $12.8 billion, $0.2 billion and $0.1 billion and $17.9 billion, $12.8 billion, $0.2 billion and $0.1 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.

+ References+ Details