Compensation Plans (Tables)

12 Months Ended

Nov. 30, 2012

RSA, RSU and PBS Activity

During the year ended November 30, 2012, RSA/RSU and PBS activity was as follows:

	RSAs/RSUs					PBSs
	Shares			Weighted-Average Grant Date Fair Value		Shares			Weighted-Average Grant Date Fair Value
Outstanding at November 30, 2011		3,625,966		$	33.70		116,992		$	45.12
Granted		1,411,296		$	30.34		223,531		$	31.03
Vested		(1,887,063	)	$	27.51		(22,279	)	$	31.90
Forfeited		(88,316	)	$	36.33		(4,537	)	$	41.16
Outstanding at November 30, 2012		3,061,883		$	35.89		313,707		$	36.08

Summary of Carnival Corporation and Carnival Plc Stock Option Activity

A combined summary of Carnival Corporation and Carnival plc stock option activity during the year ended November 30, 2012 related to stock options previously granted was as follows:

	Shares			Weighted- Average Exercise  Price		Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value (a)
						(in years)		(in millions)
Outstanding at November 30, 2011		10,428,951		$	45.65
Exercised		(839,594	)	$	27.58
Forfeited or expired		(1,461,142	)	$	46.11
Outstanding at November 30, 2012		8,128,215		$	47.72		1.2	$	5
Exercisable at November 30, 2012		8,128,215		$	47.72		1.2	$	5

(a) The aggregate intrinsic value represents the amount by which the fair value of underlying stock exceeds the option exercise price at November 30, 2012.