Segment Information

9 Months Ended

Aug. 31, 2013

Text Block [Abstract]

Segment Information

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 President 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, 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 represented the hotel and transportation operations of Holland America Princess Alaska Tours and two of our ships that we chartered to an unaffiliated entity. In April 2013, we sold one of these chartered ships to the unaffiliated entity and recognized a $15 million gain as a reduction of Tour and Other operating expenses.

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

	Three Months Ended August 31,
	Revenues			Operating expenses				Selling and administrative		Depreciation and amortization		Ibero impairment charges		Operating income  (loss)
2013
North America Cruise Brands (a)	$	2,975		$	1,820			$	248	$	235	$	—	$	672
EAA Cruise Brands	1,704			1,133			(b)	163		156		13		239
Cruise Support	23			(2		)		25		7		—		(7		)
Tour and Other (a)	141			83				3		8		—		47
Intersegment elimination (a)	(117		)	(117		)		—		—		—		—
	$	4,726		$	2,917			$	439	$	406	$	13	$	951
2012
North America Cruise Brands (a)	$	2,934		$	1,642			$	231	$	227	$	—	$	834
EAA Cruise Brands	1,657			956				153		140		—		408
Cruise Support	22			(5		)		23		6		—		(2		)
Tour and Other (a)	158			91				2		10		—		55
Intersegment elimination (a)	(87		)	(87		)		—		—		—		—
	$	4,684		$	2,597			$	409	$	383	$	—	$	1,295
	Nine Months Ended August 31,
	Revenues			Operating expenses				Selling and administrative		Depreciation and amortization		Ibero impairment charges		Operating income  (loss)
2013
North America Cruise Brands (a)	$	7,212		$	4,837			$	762	$	691	$	—	$	922
EAA Cruise Brands	4,464			3,147			(b)	494		449		13		361
Cruise Support	73			34				85		18		—		(64		)
Tour and Other (a)	177			113				6		28		—		30
Intersegment elimination (a)	(128		)	(128		)		—				—		—
	$	11,798		$	8,003			$	1,347	$	1,186	$	13	$	1,249
2012
North America Cruise Brands (a)	$	7,186		$	4,670			$	706	$	669	$	—	$	1,141
EAA Cruise Brands	4,462			3,063				467		417		173		342
Cruise Support	64			4				82		19		—		(41		)
Tour and Other (a)	186			126				6		30		—		24
Intersegment elimination (a)	(94		)	(94		)		—		—		—		—
	$	11,804		$	7,769			$	1,261	$	1,135	$	173	$	1,466

(a) A portion of the North America cruise brands’ segment revenues include revenues for the tour portion of a cruise when a

land tour package is sold along with a cruise by Holland America Line and Princess. These intersegment tour revenues,

which are included in our Tour and Other segment, are eliminated directly against the North America cruise brands’

segment revenues and operating expenses in the line “Intersegment elimination.”

(b) Includes $176 million of ship impairment charges related to two smaller Costa ships.