CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	May 31, 2025	May 31, 2024	May 31, 2025	May 31, 2024
Revenues
Revenues	$ 6,328	$ 5,781	$ 12,139	$ 11,187
Operating Expenses
Commissions, transportation and other	780	732	1,631	1,552
Onboard and other	671	628	1,271	1,178
Payroll and related	640	614	1,280	1,237
Fuel	468	525	933	1,030
Food	372	360	726	706
Other operating	955	938	1,813	1,800
Cruise and tour operating expenses	3,886	3,798	7,653	7,502
Selling and administrative	816	789	1,663	1,603
Depreciation and amortization	692	634	1,346	1,247
Costs and expenses	5,394	5,221	10,662	10,352
Operating Income	934	560	1,477	836
Nonoperating Income (Expense)
Interest income	12	25	18	58
Interest expense, net of capitalized interest	(341)	(450)	(718)	(921)
Debt extinguishment and modification costs	(4)	(33)	(255)	(66)
Other income (expense), net	(20)	(7)	(12)	(25)
Nonoperating Income (Expense)	(353)	(464)	(967)	(953)
Income (Loss) Before Income Taxes	582	96	510	(118)
Income Tax Expense, Net	(17)	(5)	(24)	(5)
Net Income (Loss)	$ 565	$ 92	$ 486	$ (123)
Earnings Per Share
Basic (in dollars per share)	$ 0.43	$ 0.07	$ 0.37	$ (0.10)
Diluted (in dollars per share)	$ 0.42	$ 0.07	$ 0.37	$ (0.10)
Passenger ticket
Revenues
Revenues	$ 4,104	$ 3,754	$ 7,936	$ 7,370
Onboard and other
Revenues
Revenues	$ 2,224	$ 2,027	$ 4,202	$ 3,817