XML 55 R19.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Segment Information | 12 Months Ended
--- | ---
Nov. 30, 2015
Segment Reporting [Abstract] |
Segment Information | 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 President and Chief Executive Officer of Carnival Corporation and Carnival plc. Decisions to allocate resources and assess performance for Carnival Corporation & plc are made 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 Line, Holland America Line, Princess and Seabourn. Our EAA cruise segment includes AIDA, Costa, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and prior to November 2014, Ibero. 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 services that are provided for the benefit of our cruise brands and Fathom's pre-launch selling, general and administrative expenses. Our Tour and Other segment represents the hotel and transportation operations of Holland America Princess Alaska Tours. In 2014, our Tour and Other segment also included one ship that we chartered to an unaffiliated entity. In November 2014, we entered into a bareboat charter/sale agreement under which Grand Holiday was chartered to an unrelated entity in January 2015 through March 2025. Additionally, in December 2014, we entered into a bareboat charter/sale agreement under which Costa Celebration was chartered to an unrelated entity in December 2014 through August 2021. Under these agreements, ownership of Grand Holiday and Costa Celebration will be transferred to the buyer at the end of their lease term. Neither of these transactions met the criteria to qualify as a sales-type lease and, accordingly, they are being accounted for as operating leases whereby we recognize the charter revenue over the term of the agreements. Subsequent to entering into these agreements, our Tour and Other segment includes these three ships. 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 segments as of and for the years ended November 30 was as follows (in millions):
| Revenues |  | Operating costs and expenses |  | Selling and administrative |  | Depreciation and amortization |  | Operating income (loss) |  | Capital expenditures |  | Total assets |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands (a) | $ | 9,866 |  |  | $ | 5,925 |  |  | $ | 1,140 |  |  | $ | 994 |  |  | $ | 1,807 |  |  | $ | 854 |  |  | $ | 22,420 |  |
EAA Cruise Brands | 5,636 |  |  | 3,442 |  |  | 695 |  |  | 561 |  |  | 938 |  |  | 1,265 |  |  | 14,076 |  |
Cruise Support | 119 |  |  | 58 |  |  | 223 |  |  | 27 |  |  | (189 | ) |  | 162 |  |  | 2,248 |  |
Tour and Other (a) | 226 |  |  | 155 |  |  | 9 |  |  | 44 |  |  | 18 |  |  | 13 |  |  | 493 |  | (b)
Intersegment elimination (a) | (133 | ) |  | (133 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| $ | 15,714 |  |  | $ | 9,447 |  |  | $ | 2,067 |  |  | $ | 1,626 |  |  | $ | 2,574 |  |  | $ | 2,294 |  |  | $ | 39,237 |  |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands (a) (c) | $ | 9,559 |  |  | $ | 6,436 |  |  | $ | 1,121 |  |  | $ | 961 |  |  | $ | 1,041 |  |  | $ | 1,315 |  |  | $ | 22,681 |  |
EAA Cruise Brands | 6,148 |  |  | 3,914 |  |  | 725 |  |  | 616 |  |  | 893 |  |  | 1,054 |  |  | 15,228 |  |
Cruise Support | 90 |  |  | 39 |  |  | 200 |  |  | 25 |  |  | (174 | ) |  | 156 |  |  | 1,023 |  |
Tour and Other (a) | 215 |  |  | 160 |  |  | 8 |  |  | 35 |  |  | 12 |  |  | 58 |  |  | 516 |  | (b)
Intersegment elimination (a) | (128 | ) |  | (128 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| $ | 15,884 |  |  | $ | 10,421 |  |  | $ | 2,054 |  |  | $ | 1,637 |  |  | $ | 1,772 |  |  | $ | 2,583 |  |  | $ | 39,448 |  |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America Cruise Brands (a) (c) | $ | 9,370 |  |  | $ | 6,460 |  |  | $ | 1,048 |  |  | $ | 929 |  |  | $ | 933 |  |  | $ | 1,350 |  |  | $ | 22,386 |  |
EAA Cruise Brands | 5,906 |  |  | 4,137 |  |  | 686 |  |  | 599 |  |  | 471 |  | (d) | 642 |  |  | 16,126 |  |
Cruise Support | 96 |  |  | 31 |  |  | 136 |  |  | 26 |  |  | (97 | ) |  | 108 |  |  | 1,016 |  |
Tour and Other (a) | 210 |  |  | 143 |  |  | 9 |  |  | 36 |  |  | 22 |  |  | 49 |  |  | 514 |  | (b)
Intersegment elimination (a) | (126 | ) |  | (126 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |
| $ | 15,456 |  |  | $ | 10,645 |  |  | $ | 1,879 |  |  | $ | 1,590 |  |  | $ | 1,329 |  |  | $ | 2,149 |  |  | $ | 40,042 |  |
(a) | A portion of the North America cruise brands’ segment revenues includes revenues for the tour portion of a cruise when a land tour package is sold along with a cruise by either Holland America Line or 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.”
(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, glass-domed railcars, which run on the Alaska Railroad, and our owned ships that we leased out under long-term charters to unaffiliated entities.
(c) | Previously reported results changed as a result of our revision of prior period financial statements as follows (see "Note 1 - General - Revision of Prior Period Financial Statements"):
| November 30, 2014 |  | November 30, 2013
North America Cruise Brands | As Previously Reported |  | Adjustment |  | As Revised |  | As Previously Reported |  | Adjustment |  | As Revised
Operating costs and expenses | $ | 6,418 |  |  | $ | 18 |  |  | $ | 6,436 |  |  | $ | 6,439 |  |  | $ | 21 |  |  | $ | 6,460 |
Depreciation and amortization | $ | 959 |  |  | $ | 2 |  |  | $ | 961 |  |  | $ | 927 |  |  | $ | 2 |  |  | $ | 929 |
Operating income | $ | 1,061 |  |  | $ | (20 | ) |  | $ | 1,041 |  |  | $ | 956 |  |  | $ | (23 | ) |  | $ | 933 |
Total assets | $ | 22,765 |  |  | $ | (84 | ) |  | $ | 22,681 |  |  | $ | 22,448 |  |  | $ | (62 | ) |  | $ | 22,386 |
(d) | Includes $13 million in 2013 of impairment charges related to Ibero’s trademarks.
Non-U.S. revenues for our cruise brands represent sales generated from outside the U.S. principally by non-U.S. travel agents and tour operators. Substantially all of our long-lived assets are located outside of the U.S. and consist 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,
| 2015 |  | 2014 |  | 2013
North America | $ | 8,015 |  |  | $ | 7,762 |  |  | $ | 7,738 |
Europe | 5,133 |  |  | 5,676 |  |  | 5,426 |
Australia and Asia | 2,256 |  |  | 2,097 |  |  | 1,772 |
Other | 310 |  |  | 349 |  |  | 520 |
| $ | 15,714 |  |  | $ | 15,884 |  |  | $ | 15,456 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 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=51669610&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 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 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=51669610&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 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 Reference 8: 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=51669610&loc=d3e8984-108599 Reference 9: 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=51669610&loc=d3e9031-108599 Reference 10: 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=51669610&loc=d3e9054-108599 Reference 11: 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=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 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=51669610&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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration