XML 111 R41.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Long-Term Debt And Short-Term Borrowings (Detail) (USD $) In Millions, unless otherwise specified | Nov. 30, 2012 | Nov. 30, 2011
--- | --- | ---
Debt Outstanding [Line Items] |  |  |  |
Total Debt | $ 8,902 | [1] | $ 9,353 | [1]
Less short-term borrowings | (56) | [1] | (281) | [1]
Less current portion of long-term debt | (1,678) | [1] | (1,019) | [1]
Total Long-term Debt | 7,168 | [1] | 8,053 | [1]
Export Credit Facilities Fixed Rate Export Credit Facilities Bearing Interest At 4.2 % To 5.5 % Due Through 2020 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 2,009 | [1],[2] | 2,340 | [1],[2]
Export Credit Facilities Euro fixed rate export credit facilities, bearing interest at 3.8% to 4.5%, due through 2025 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 423 | [1],[2] | 470 | [1],[2]
Export Credit Facilities Floating Bearing Interest At LIBOR Plus 1.3% to 1.6% (1.9% to 2.0%), Due Through 2024 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 1,303 | [1],[3] | 872 | [1],[3]
Export Credit Facilities Euro Floating Rate Bearing Interest At EURIBOR plus 0.2% to 1.0% (0.4% to 2.0%), Due Through 2026 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 1,516 | [1],[2],[4] | 1,314 | [1],[2],[4]
Bank Loans Fixed Rate Bank Loans Bearing Interest At 3.5 % To 4.4 % Due through 2015 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 650 | [1],[2],[5],[6] | 850 | [1],[2],[5],[6]
Bank Loans Euro Fixed Rate Bank Loans Bearing Interest At 3.9% Due In 2021 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 296 | [1],[2] | 350 | [1],[2]
Bank Loans Floating Rate Bearing Interest At LIBOR plus 0.7% to 1.0% (1.0% to 1.3%), Due Through 2016 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 700 | [1],[2],[6] | 500 | [1],[2],[6]
Bank Loans Euro Floating Rate Bearing Interest At EURIBOR plus 0.6% (0.8%), Due in 2014 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 132 | [1],[2] | 135 | [1],[2]
Private Placement Notes Fixed rate notes, bearing interest at 5.9% to 6.0%, due through 2016 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 116 | [1] | 121 | [1]
Private Placement Notes Euro fixed rate notes, bearing interest at 6.9% to 7.3%, due through 2018 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 185 | [1],[2] | 247 | [1],[2]
Publicly-Traded Notes Fixed rate notes, bearing interest at 6.7% to 7.2%, due through 2028 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 517 | [1] | 528 | [1]
Publicly Traded Notes Euro fixed rate notes, bearing interest at 4.3%, due in 2013 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 971 | [1] | 997 | [1]
Publicly-Traded Notes Sterling fixed rate notes, bearing interest at 5.6%, due in 2012 |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt |  |  | 314 | [1]
Other |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured long-term debt | 28 | [1] | 34 | [1]
Commercial Paper With Aggregate Weighted Average Interest Rate Of 0.3% |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured Short-Term Debt |  |  | 162 | [1]
Euro Bank Loans With Aggregate Weighted Average Interest Rate Of 1.7% |  |  |  |
Debt Outstanding [Line Items] |  |  |  |
Unsecured Short-Term Debt | $ 56 | [1] | $ 119 | [1]
[1] | All interest rates are as of the latest balance sheet date for which there is an outstanding debt balance. The debt table does not include the impact of our foreign currency and interest rate swaps. At November 30, 2012, 58% and 42% of our debt was U.S. dollar and euro-denominated, respectively, and at November 30, 2011, 56%, 41% and 3% of our debt was U.S. dollar, euro and sterling-denominated, respectively, including the effect of foreign currency swaps. Substantially all of our fixed rate debt can only be called or prepaid by incurring significant costs. In addition, substantially all of our debt agreements, including our main revolving credit facility, contain one or more financial covenants that require us, among other things, to maintain minimum debt service coverage and minimum shareholders' equity and to limit our debt to capital and debt to equity ratios and the amounts of our secured assets and secured and other indebtedness. Generally, if an event of default under any debt agreement occurs, then pursuant to cross default acceleration clauses, substantially all of our outstanding debt and derivative contract payables (see Note 11) could become due, and all debt and derivative contracts could be terminated. At November 30, 2012, we believe we were in compliance with all of our debt covenants.
[2] | Includes $3.8 billion of debt whose interest rates, and in the case of our main revolver its commitment fees, would increase upon certain downgrades in the long-term senior unsecured credit ratings of Carnival Corporation or Carnival plc.
[3] | In 2012, we borrowed $560 million under an unsecured export credit facility, the proceeds of which were used to pay for a portion of Carnival Breeze's purchase price and is due in semi-annual installments through May 2024.
[4] | In 2012, we borrowed $383 million under an unsecured euro-denominated export credit facility, the proceeds of which were used to pay for a portion of AIDAmar's purchase price and is due in semi-annual installments through May 2024.
[5] | Includes a $150 million bank loan that currently carries a fixed interest rate. However, the loan can be converted to a floating interest rate at the option of the lenders.
[6] | In 2012, we borrowed $200 million under a bank loan, which is due in 2014. This bank loan was used to repay an existing $200 million unsecured fixed rate bank loan at maturity in 2012.

X
- Details
Name: | ccl_DebtOutstandingLineItems
Namespace Prefix: | ccl_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 7 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 + Details
Name: | us-gaap_LongTermDebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_LongTermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.(a),16(a)(1)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Subparagraph a(1) -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Subparagraph 2, 3 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_ShortTermBorrowings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of the portion of long-term, uncollateralized debt obligations due within one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20 -Article 5 + Details
Name: | us-gaap_UnsecuredDebtCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date of uncollateralized debt obligation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_UnsecuredLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant