Shareholders' Equity

12 Months Ended

Nov. 30, 2024

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Carnival Corporation’s Articles of Incorporation authorize its Boards of Directors, at its discretion, to issue up to 40.0 million shares of preferred stock. At November 30, 2024 and 2023, no Carnival Corporation preferred stock or Carnival plc preference shares had been issued.

Public Equity Offerings

In August 2022, we completed a public offering of 117.5 million shares of Carnival Corporation common stock at a price per share of $9.95, resulting in net proceeds of $1.2 billion.

Accumulated Other Comprehensive Income (Loss)

	November 30,
(in millions)	2024		2023		2022
Cumulative foreign currency translation adjustments, net	$	(1,955)	$	(1,952)	$	(2,004)
Unrecognized pension expenses	(45)		(34)		(31)
Net gains on cash flow derivative hedges and other	26		48		53
	$	(1,975)	$	(1,939)	$	(1,982)

During 2024, 2023 and 2022, we had an immaterial amount of unrecognized pension expenses that were reclassified out of accumulated other comprehensive loss and were included within payroll and related expenses and selling and administrative expenses.