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v2.3.0.11

Segment Information | 6 Months Ended
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May 31, 2011
Segment Information | NOTE 5 – Segment Information During the fourth quarter of 2010, we began to separate our cruise brand operating segments into three reportable cruise segments in order to provide a better understanding of our business’ performance. These three reportable cruise segments are comprised of our (1) North America cruise brands, (2) Europe, Australia & Asia (“EAA”) cruise brands and (3) Cruise Support. All information for the three and six months ended May 31, 2010 has been restated to conform to this new cruise segment presentation. There were no changes made to our Tour and Other segment. Our North America cruise segment includes Carnival Cruise Lines, Holland America Line, Princess Cruises (“Princess”) and Seabourn. Our EAA cruise segment includes AIDA Cruises (“AIDA”), Costa Cruises, Cunard, Ibero Cruises (“Ibero”), P&O Cruises (UK) and P&O Cruises (Australia). These individual cruise brand operating segments have been aggregated into two reportable segments based on the similarity of their economic and other characteristics, including the 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 represents the hotel, tour and transportation operations of Holland America Princess Alaska Tours and our two owned ships that we charter to an unaffiliated entity. Selected information for our Cruise and Tour and Other segments was as follows (in millions):
|  | Three Months Ended May 31, |
|  | Revenues |  |  | Operating expenses |  |  | Selling and administrative |  |  | Depreciation and amortization |  |  | Operating income (loss) |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands |  | $ | 2,063 |  |  | $ | 1,445 |  |  | $ | 238 |  |  | $ | 216 |  |  | $ | 164 |
EAA Cruise Brands |  |  | 1,510 |  |  |  | 1,052 |  |  |  | 170 |  |  |  | 146 |  |  |  | 142 |
Cruise Support |  |  | 22 |  |  |  | (3 | ) |  |  | 26 |  |  |  | 8 |  |  |  | (9 | )
Tour and Other |  |  | 35 |  |  |  | 37 |  |  |  | 6 |  |  |  | 10 |  |  |  | (18 | )
Intersegment elimination |  |  | (10 | ) |  |  | (10 | ) |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 3,620 |  |  | $ | 2,521 |  |  | $ | 440 |  |  | $ | 380 |  |  | $ | 279 |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands |  | $ | 1,935 |  |  | $ | 1,264 |  |  | $ | 227 |  |  | $ | 208 |  |  | $ | 236 |
EAA Cruise Brands |  |  | 1,280 |  |  |  | 872 |  |  |  | 146 |  |  |  | 125 |  |  |  | 137 |
Cruise Support |  |  | 21 |  |  |  | (3 | ) |  |  | 23 |  |  |  | 6 |  |  |  | (5 | )
Tour and Other |  |  | 45 |  |  |  | 46 |  |  |  | 8 |  |  |  | 10 |  |  |  | (19 | )
Intersegment elimination |  |  | (14 | ) |  |  | (14 | ) |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 3,267 |  |  | $ | 2,165 |  |  | $ | 404 |  |  | $ | 349 |  |  | $ | 349 |
|  | Six Months Ended May 31, |
|  | Revenues |  |  | Operating expenses |  |  | Selling and administrative |  |  | Depreciation and amortization |  |  | Operating income (loss) |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands |  | $ | 3,991 |  |  | $ | 2,775 |  |  | $ | 472 |  |  | $ | 429 |  |  | $ | 315 |
EAA Cruise Brands |  |  | 2,971 |  |  |  | 2,111 |  |  |  | 326 |  |  |  | 281 |  |  |  | 253 |
Cruise Support |  |  | 42 |  |  |  | (6 | ) |  |  | 52 |  |  |  | 15 |  |  |  | (19 | )
Tour and Other |  |  | 45 |  |  |  | 46 |  |  |  | 12 |  |  |  | 22 |  |  |  | (35 | )
Intersegment elimination |  |  | (10 | ) |  |  | (10 | ) |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 7,039 |  |  | $ | 4,916 |  |  | $ | 862 |  |  | $ | 747 |  |  | $ | 514 |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands |  | $ | 3,829 |  |  | $ | 2,538 |  |  | $ | 452 |  |  | $ | 414 |  |  | $ | 425 |
EAA Cruise Brands |  |  | 2,536 |  |  |  | 1,763 |  |  |  | 287 |  |  |  | 249 |  |  |  | 237 |
Cruise Support |  |  | 41 |  |  |  | (1 | ) |  |  | 46 |  |  |  | 13 |  |  |  | (17 | )
Tour and Other |  |  | 54 |  |  |  | 62 |  |  |  | 15 |  |  |  | 18 |  |  |  | (41 | )
Intersegment elimination |  |  | (15 | ) |  |  | (15 | ) |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 6,445 |  |  | $ | 4,347 |  |  | $ | 800 |  |  | $ | 694 |  |  | $ | 604

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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