Segment Information

3 Months Ended

Feb. 28, 2013

Segment Information

NOTE 5 – Segment Information

We have three reportable cruise segments that are comprised of our (1) North America cruise brands, (2) EAA cruise brands and (3) Cruise Support. In addition, we have a Tour and Other segment. Our segments are reported on the same basis as the internally reported information that is provided to our chief operating decision maker (“CODM”), who is the Chairman of the Boards of Directors and Chief Executive Officer of Carnival Corporation and Carnival plc. Decisions to allocate resources and assess performance for Carnival Corporation & plc are made by the CODM upon review of the segment results across all of our cruise brands and other segments.

Our North America cruise segment includes Carnival Cruise Lines, Holland America Line, Princess and Seabourn. Our EAA cruise segment includes AIDA, Costa Cruises (“Costa”), Cunard, Ibero, P&O Cruises (Australia) and P&O Cruises (UK). These individual cruise brand operating segments have been aggregated into two reportable segments based on the similarity of their economic and other characteristics, including types of customers, regulatory environment, maintenance requirements, supporting systems and processes and products and services they provide. Our Cruise Support segment represents certain of our port and related facilities and other corporate-wide services that are provided 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 two of our ships that we charter to an unaffiliated entity.

Selected information for our Cruise and Tour and Other segments was as follows (in millions):

	Three Months Ended February 28/29,
	Revenues		Operating expenses		Selling and administrative		Depreciation and amortization		Ibero impairment charges		Operating income (loss)
2013
North America Cruise Brands	$	2,124	$	1,530	$	261	$	228	$	-	$	105
EAA Cruise Brands		1,434		1,052		164		146		-		72
Cruise Support		26		3		33		5		-		(15	)
Tour and Other		9		14		2		10		-		(17	)
	$	3,593	$	2,599	$	460	$	389	$	-	$	145
2012
North America Cruise Brands	$	2,082	$	1,510	$	237	$	221	$	-	$	114
EAA Cruise Brands		1,466		1,153		154		138		173		(152	)
Cruise Support		25		17		28		7		-		(27	)
Tour and Other		9		14		2		10		-		(17	)
	$	3,582	$	2,694	$	421	$	376	$	173	$	(82	)