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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2022
Revenues      
Revenues $ 25,021 $ 21,593 $ 12,168
Operating Expenses      
Commissions, transportation and other 3,232 2,761 1,630
Onboard and other 2,678 2,375 1,528
Payroll and related 2,464 2,373 2,181
Fuel 2,007 2,047 2,157
Food 1,457 1,335 863
Ship and other impairments 0 0 440
Other operating 3,801 3,426 2,958
Cruise and tour operating expenses 15,638 14,317 11,757
Selling and administrative 3,252 2,950 2,515
Depreciation and amortization 2,557 2,370 2,275
Costs and expenses 21,447 19,637 16,547
Operating Income (Loss) 3,574 1,956 (4,379)
Nonoperating Income (Expense)      
Interest income 93 233 74
Interest expense, net of capitalized interest (1,755) (2,066) (1,609)
Debt extinguishment and modification costs (79) (111) (1)
Other income (expense), net 83 (75) (165)
Nonoperating Income (Expense) (1,659) (2,018) (1,701)
Income (Loss) Before Income Taxes 1,915 (62) (6,080)
Income Tax Benefit (Expense), Net 1 (13) (14)
Net Income (Loss) $ 1,916 $ (74) $ (6,093)
Earnings Per Share      
Basic (in dollars per share) $ 1.50 $ (0.06) $ (5.16)
Diluted (in dollars per share) $ 1.44 $ (0.06) $ (5.16)
Cruise passenger ticket      
Revenues      
Revenues $ 16,463 $ 14,067 $ 7,022
Cruise onboard and other      
Revenues      
Revenues $ 8,558 $ 7,526 $ 5,147