XML 97 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Segment Information | 12 Months Ended
--- | ---
Nov. 30, 2012
Segment Information | NOTE 12 – 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 segments are reported on the same basis as the internally reported information that is provided to our chief operating decision maker (“CODM”), who is the Chairman of the Boards of Directors and Chief Executive Officer of Carnival Corporation and Carnival plc. Decisions to allocate resources and assess performance for Carnival Corporation & plc are taken by the CODM upon review of the segment results across all of our cruise brands and other segments. 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 and transportation operations of Holland America Princess Alaska Tours and two of our 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 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands (a) |  | $ | 9,364 |  |  | $ | 6,240 |  |  | $ | 949 |  |  | $ | 898 |  |  | $ | 1,277 |  |  | $ | 990 |  |  | $ | 21,893 |
EAA Cruise Brands |  |  | 5,827 |  |  |  | 4,010 |  |  |  | 650 |  |  |  | 561 |  |  |  | 433 | (b) |  |  | 1,291 |  |  |  | 15,894 |
Cruise Support |  |  | 86 |  |  |  | 22 |  |  |  | 114 |  |  |  | 28 |  |  |  | (78 | ) |  |  | 33 |  |  |  | 888 |
Tour and Other (a) |  |  | 211 |  |  |  | 154 |  |  |  | 7 |  |  |  | 40 |  |  |  | 10 |  |  |  | 18 |  |  |  | 486 | (c)
Intersegment elimination (a) |  |  | (106 | ) |  |  | (106 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 15,382 |  |  | $ | 10,320 |  |  | $ | 1,720 |  |  | $ | 1,527 |  |  | $ | 1,642 |  |  | $ | 2,332 |  |  | $ | 39,161 |
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands (a) |  | $ | 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 (a) |  |  | 392 |  |  |  | 318 |  |  |  | 21 |  |  |  | 43 |  |  |  | 10 |  |  |  | 16 |  |  |  | 574 | (c)
Intersegment elimination (a) |  |  | (114 | ) |  |  | (114 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 15,793 |  |  | $ | 10,299 |  |  | $ | 1,717 |  |  | $ | 1,522 |  |  | $ | 2,255 |  |  | $ | 2,696 |  |  | $ | 38,637 |
2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands (a) |  | $ | 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 (a) |  |  | 403 |  |  |  | 334 |  |  |  | 30 |  |  |  | 41 |  |  |  | (2 | ) |  |  | 19 |  |  |  | 600 | (c)
Intersegment elimination (a) |  |  | (122 | ) |  |  | (122 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  | $ | 14,469 |  |  | $ | 9,092 |  |  | $ | 1,614 |  |  | $ | 1,416 |  |  | $ | 2,347 |  |  | $ | 3,579 |  |  | $ | 37,490 |
(a) | In 2011 and 2010, a portion of Tour and Other segment revenues included revenues for the cruise portion of a tour when a cruise was sold along with a land tour package by Holland America Princess Alaska Tours. These intersegment cruise revenues, which were included in our North America cruise brands’ segment, were eliminated directly against the Tour and Other segment revenues and operating expenses in the line “Intersegment elimination.”
In 2012, the Tour and Other segment no longer includes revenues for the cruise portion of a tour. However, a portion of the North America cruise brands’ segment revenues include revenues for the tour portion of a cruise when a land tour package is sold along with a cruise by Holland America Line and Princess. These intersegment tour revenues, which are included in our Tour and Other segment, are eliminated directly against the North America cruise brands’ segment revenues and operating expenses in the line “Intersegment elimination.” This change in 2012 from prior years is referred to as “the change in the accounting for our North America cruise brands and Tour and Other segments” and did not have a significant impact on either of these segments’ 2012, 2011 and 2010 operating income.
(b) | Includes $173 million of impairment charges related to Ibero’s goodwill and trademarks.
(c) | 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. principally 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, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
North America |  | $ | 7,952 |  |  | $ | 7,835 |  |  | $ | 7,467 |
Europe |  |  | 5,367 |  |  |  | 5,961 |  |  |  | 5,574 |
Australia and Asia |  |  | 1,506 |  |  |  | 1,528 |  |  |  | 1,063 |
Others |  |  | 557 |  |  |  | 469 |  |  |  | 365 |
|  | $ | 15,382 |  |  | $ | 15,793 |  |  | $ | 14,469 |

X
- 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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 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 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: 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 15: 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration