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General (Tables) | 12 Months Ended
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Nov. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Prior Period Adjustments | The effects of this revision on our Consolidated Statements of Income were as follows (in millions, except per share data):
| Year Ended November 30, 2014 |  | Year Ended November 30, 2013
| As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
Other ship operating | $ | 2,445 |  |  | $ | 18 |  |  | $ | 2,463 |  |  | $ | 2,589 |  |  | $ | 21 |  |  | $ | 2,610 |
Depreciation and amortization | $ | 1,635 |  |  | $ | 2 |  |  | $ | 1,637 |  |  | $ | 1,588 |  |  | $ | 2 |  |  | $ | 1,590 |
Operating income | $ | 1,792 |  |  | $ | (20 | ) |  | $ | 1,772 |  |  | $ | 1,352 |  |  | $ | (23 | ) |  | $ | 1,329 |
Income before income taxes | $ | 1,245 |  |  | $ | (20 | ) |  | $ | 1,225 |  |  | $ | 1,072 |  |  | $ | (23 | ) |  | $ | 1,049 |
Net income | $ | 1,236 |  |  | $ | (20 | ) |  | $ | 1,216 |  |  | $ | 1,078 |  |  | $ | (23 | ) |  | $ | 1,055 |
Earnings per share |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 1.59 |  |  | $ | (0.02 | ) |  | $ | 1.57 |  |  | $ | 1.39 |  |  | $ | (0.03 | ) |  | $ | 1.36 |
Diluted | $ | 1.59 |  |  | $ | (0.03 | ) |  | $ | 1.56 |  |  | $ | 1.39 |  |  | $ | (0.03 | ) |  | $ | 1.36 |
The effects of this revision on our Consolidated Statements of Comprehensive Income were as follows (in millions):
| Year Ended November 30, 2014 |  | Year Ended November 30, 2013
| As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
Net income | $ | 1,236 |  |  | $ | (20 | ) |  | $ | 1,216 |  |  | $ | 1,078 |  |  | $ | (23 | ) |  | $ | 1,055 |
Total comprehensive income | $ | 459 |  |  | $ | (20 | ) |  | $ | 439 |  |  | $ | 1,446 |  |  | $ | (23 | ) |  | $ | 1,423 |
The effects of this revision on our Consolidated Balance Sheet were as follows (in millions):
| November 30, 2014
| As Previously Reported |  | Adjustment |  | As Revised
Inventories | $ | 364 |  |  | $ | (15 | ) |  | $ | 349 |
Total current assets | $ | 1,503 |  |  | $ | (15 | ) |  | $ | 1,488 |
Property and equipment, net | $ | 32,773 |  |  | $ | 46 |  |  | $ | 32,819 |
Other assets | $ | 859 |  |  | $ | (115 | ) |  | $ | 744 |
Total assets | $ | 39,532 |  |  | $ | (84 | ) |  | $ | 39,448 |
Retained earnings | $ | 19,242 |  |  | $ | (84 | ) | (a) | $ | 19,158 |
Total shareholders' equity | $ | 24,288 |  |  | $ | (84 | ) |  | $ | 24,204 |
Total liabilities and shareholders' equity | $ | 39,532 |  |  | $ | (84 | ) |  | $ | 39,448 |
(a) | As of November 30, 2014, the cumulative impact of this revision was an $84 million reduction in retained earnings. The diluted earnings per share decreases were $0.03 for each of 2014 and 2013, $0.02 for 2012, $0.03 for pre-2010 and $0.11 in the aggregate. There was no annual diluted earnings per share impact for 2011 and 2010.
This non-cash revision did not impact our operating cash flows for any period. The effects of this revision on the individual line items within operating cash flows on our Consolidated Statement of Cash Flows were as follows (in millions):
| Year Ended November 30, 2014 |  | Year Ended November 30, 2013
| As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
Net income | $ | 1,236 |  |  | $ | (20 | ) |  | $ | 1,216 |  |  | $ | 1,078 |  |  | $ | (23 | ) |  | $ | 1,055 |
Depreciation and amortization | $ | 1,635 |  |  | $ | 2 |  |  | $ | 1,637 |  |  | $ | 1,588 |  |  | $ | 2 |  |  | $ | 1,590 |
Inventories | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 19 |  |  | $ | 2 |  |  | $ | 21 |
Insurance recoverables, prepaid expenses and other | $ | 401 |  |  | $ | 21 |  |  | $ | 422 |  |  | $ | 402 |  |  | $ | 22 |  |  | $ | 424 |
Accrued and other liabilities | $ | (379 | ) |  | $ | (3 | ) |  | $ | (382 | ) |  | $ | (330 | ) |  | $ | (3 | ) |  | $ | (333 | )
The effects of this revision on our Consolidated Statements of Shareholders' Equity were as follows (in millions):
| November 30, 2014 |  | November 30, 2013 |  | November 30, 2012
| As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
Retained earnings | $ | 19,242 |  |  | $ | (84 | ) |  | $ | 19,158 |  |  | $ | 18,782 |  |  | $ | (64 | ) |  | $ | 18,718 |  |  | $ | 18,479 |  |  | $ | (41 | ) |  | $ | 18,438 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22663-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22644-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22658-107794 + Details
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