Segment Information

12 Months Ended

Nov. 30, 2024

Segment Reporting [Abstract]

Segment Information

Segment Information

The chief operating decision maker, who is the President, Chief Executive Officer and Chief Climate Officer of Carnival Corporation and Carnival plc assesses performance and makes decisions to allocate resources for Carnival Corporation & plc based upon review of the results across all of our segments. The operating segments within each of our reportable segments have been aggregated based on the similarity of their economic and other characteristics, including geographic guest sourcing. Our four reportable segments are comprised of (1) NAA cruise operations, (2) Europe cruise operations (“Europe”), (3) Cruise Support and (4) Tour and Other.

Our Cruise Support segment includes our portfolio of leading port destinations and exclusive islands as well as other services, all of which are operated 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 other operations.

	As of and for the years ended November 30,
(in millions)	Revenues		Operating expenses		Selling and administrative		Depreciation and amortization		Operating income (loss)		Capital expenditures		Total assets
2024
NAA	$	16,802	$	10,555	$	1,952	$	1,664	$	2,631	$	3,943	$	30,892
Europe	7,710		4,734		961		676		1,340		270		15,042
Cruise Support	255		156		320		193		(414)		382		2,732
Tour and Other	255		193		19		24		18		32		390
	$	25,021	$	15,638	$	3,252	$	2,557	$	3,574	$	4,626	$	49,057
2023
NAA	$	14,588	$	9,587	$	1,753	$	1,495	$	1,752	$	1,932	$	28,547
Europe	6,535		4,398		876		668		593		1,161		16,524
Cruise Support	206		127		294		184		(399)		179		3,667
Tour and Other	265		205		27		23		11		12		382
	$	21,593	$	14,317	$	2,950	$	2,370	$	1,956	$	3,284	$	49,120
2022
NAA	$	8,281	$	7,526	$	1,517	$	1,408	$	(2,170)	$	2,568	$	27,413
Europe	3,531		3,925		745		692		(1,830)		2,213		15,317
Cruise Support	171		120		225		140		(315)		155		8,461
Tour and Other	185		187		27		36		(64)		4		512
	$	12,168	$	11,757	$	2,515	$	2,275	$	(4,379)	$	4,940	$	51,703

Revenue by geographic areas, which are based on where our guests are sourced, were as follows:

	Years Ended November 30,
(in millions)	2024		2023		2022
North America	$	15,089	$	13,112	$	7,866
Europe	7,573		6,565		3,918
Australia	1,445		1,181		252
Other	915		735		132
	$	25,021	$	21,593	$	12,168

Substantially all of our long-lived assets consist of our ships and move between geographic areas.