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Segment Information | 12 Months Ended
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Nov. 30, 2011
Segment Information | NOTE 11 – Segment Information We have three reportable cruise segments that are comprised of our (1) North America cruise brands, (2) EAA cruise brands and (3) Cruise Support. In addition, we have a Tour and Other segment. Our North America cruise segment includes Carnival Cruise Lines, Holland America Line, Princess and Seabourn. Our EAA cruise segment includes AIDA, Costa, Cunard, Ibero, P&O Cruises (Australia) and P&O Cruises (UK). These individual cruise brand operating segments have been aggregated into two reportable segments based on the similarity of their economic and other characteristics, including types of customers, regulatory environment, maintenance requirements, supporting systems and processes and 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. The significant accounting policies of our segments are the same as those described in Note 2 – “Summary of Significant Accounting Policies.” Selected information for our Cruise and Tour and Other segments as of and for the years ended November 30 was as follows (in millions):
|  | Revenues |  |  | Operating expenses |  |  | Selling and administrative |  |  | Depreciation and amortization |  |  | Operating income (loss) |  |  | Capital expenditures |  |  | Total assets |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands |  | $ | 8,921 |  |  | $ | 5,848 |  |  | $ | 938 |  |  | $ | 869 |  |  | $ | 1,266 |  |  | $ | 1,232 |  |  | $ | 21,642 |
EAA Cruise Brands |  |  | 6,504 |  |  |  | 4,244 |  |  |  | 655 |  |  |  | 579 |  |  |  | 1,026 |  |  |  | 1,380 |  |  |  | 15,626 |
Cruise Support |  |  | 90 |  |  |  | 3 |  |  |  | 103 |  |  |  | 31 |  |  |  | (47 | ) |  |  | 68 |  |  |  | 795 |
Tour and Other |  |  | 392 |  |  |  | 318 |  |  |  | 21 |  |  |  | 43 |  |  |  | 10 |  |  |  | 16 |  |  |  | 574 | (b)
Intersegment elimination (a) |  |  | (114 | ) |  |  | (114 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 15,793 |  |  | $ | 10,299 |  |  | $ | 1,717 |  |  | $ | 1,522 |  |  | $ | 2,255 |  |  | $ | 2,696 |  |  | $ | 38,637 |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands |  | $ | 8,379 |  |  | $ | 5,294 |  |  | $ | 902 |  |  | $ | 843 |  |  | $ | 1,340 |  |  | $ | 1,082 |  |  | $ | 21,239 |
EAA Cruise Brands |  |  | 5,730 |  |  |  | 3,572 |  |  |  | 584 |  |  |  | 505 |  |  |  | 1,069 |  |  |  | 2,260 |  |  |  | 14,849 |
Cruise Support |  |  | 79 |  |  |  | 14 |  |  |  | 98 |  |  |  | 27 |  |  |  | (60 | ) |  |  | 218 |  |  |  | 802 |
Tour and Other |  |  | 403 |  |  |  | 334 |  |  |  | 30 |  |  |  | 41 |  |  |  | (2 | ) |  |  | 19 |  |  |  | 600 | (b)
Intersegment elimination (a) |  |  | (122 | ) |  |  | (122 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 14,469 |  |  | $ | 9,092 |  |  | $ | 1,614 |  |  | $ | 1,416 |  |  | $ | 2,347 |  |  | $ | 3,579 |  |  | $ | 37,490 |
2009 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands |  | $ | 7,815 |  |  | $ | 4,944 |  |  | $ | 896 |  |  | $ | 791 |  |  | $ | 1,184 |  |  | $ | 1,474 |  |  | $ | 21,073 |
EAA Cruise Brands |  |  | 5,280 |  |  |  | 3,215 |  |  |  | 573 |  |  |  | 458 |  |  |  | 1,034 |  |  |  | 1,823 |  |  |  | 14,659 |
Cruise Support |  |  | 78 |  |  |  | 12 |  |  |  | 89 |  |  |  | 25 |  |  |  | (48 | ) |  |  | 58 |  |  |  | 593 |
Tour and Other |  |  | 427 |  |  |  | 376 |  |  |  | 32 |  |  |  | 35 |  |  |  | (16 | ) |  |  | 25 |  |  |  | 510 | (b)
Intersegment elimination (a) |  |  | (140 | ) |  |  | (140 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 13,460 |  |  | $ | 8,407 |  |  | $ | 1,590 |  |  | $ | 1,309 |  |  | $ | 2,154 |  |  | $ | 3,380 |  |  | $ | 36,835 |
(a) | A portion of Tour and Other segment revenues include revenues for the cruise portion of a tour, when a cruise is sold along with a land tour package by Holland America Princess Alaska Tours, and shore excursion and port hospitality services provided to cruise guests by this tour company. These intersegment revenues, which are included in full in the cruise brand segments, are eliminated directly against the Tour and Other segment revenues and operating expenses in the line “Intersegment elimination.”
(b) | Tour and Other segment assets primarily include hotels and lodges in the state of Alaska and the Canadian Yukon, motorcoaches used for sightseeing and charters, domed rail cars, which run on the Alaska Railroad, and our owned ships under long-term charter to an unaffiliated entity.
Non-U.S. revenues for our cruise brands represent sales generated from outside the U.S. primarily by non-U.S. tour operators and non-U.S. travel agencies. Substantially all of our long-lived assets are located outside of the U.S. and consist principally of our ships and ships under construction. Revenues by geographic areas, which are based on where our guests are sourced and not the cruise brands on which they sailed, were as follows (in millions):
|  | Years Ended November 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
North America |  | $ | 7,835 |  |  | $ | 7,467 |  |  | $ | 7,085 |
Europe |  |  | 5,961 |  |  |  | 5,574 |  |  |  | 5,190 |
Australia and Asia |  |  | 1,528 |  |  |  | 1,063 |  |  |  | 790 |
Others |  |  | 469 |  |  |  | 365 |  |  |  | 395 |
|  | $ | 15,793 |  |  | $ | 14,469 |  |  | $ | 13,460 |

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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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