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Segment Information | 6 Months Ended
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May 31, 2023
Segment Reporting [Abstract] |
Segment Information | Segment Information Our operating 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, Chief Executive Officer and Chief Climate Officer of Carnival Corporation and Carnival plc. The CODM assesses performance and makes decisions to allocate resources for Carnival Corporation & plc based upon review of the results across all of our segments. Our four reportable segments are comprised of (1) NAA cruise operations, (2) Europe cruise operations, (3) Cruise Support and (4) Tour and Other. The operating segments within each of our NAA and Europe reportable segments have been aggregated based on the similarity of their economic and other characteristics, including geographic guest sourcing. Our Cruise Support segment includes our portfolio of leading port destinations and other services, all of which are operated 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 other operations. Beginning in the first quarter of 2023, we renamed the EA segment given that China has not reopened to international cruise travel. As a result, we have significantly reduced operations in Asia and leveraged the mobility of our cruise ships and our brand portfolio to build alternate deployments. In 2019, our most recent full year of guest cruise operations, China accounted for 7% of our guests.
| Three Months Ended May 31,
(in millions) | Revenues |  | Operating costs and expenses |  | Selling and administrative |  | Depreciation and amortization |  | Operating income (loss)
2023 |  |  |  |  |  |  |  |  |
NAA | $ | 3,355 |  |  | $ | 2,282 |  |  | $ | 435 |  |  | $ | 374 |  |  | $ | 265 |
Europe | 1,465 |  |  | 1,101 |  |  | 222 |  |  | 169 |  |  | (27) |
Cruise Support | 55 |  |  | 29 |  |  | 71 |  |  | 48 |  |  | (93) |
Tour and Other | 35 |  |  | 45 |  |  | 8 |  |  | 7 |  |  | (25) |
| $ | 4,911 |  |  | $ | 3,457 |  |  | $ | 736 |  |  | $ | 597 |  |  | $ | 120 |
2022 |  |  |  |  |  |  |  |  |
NAA | $ | 1,666 |  |  | $ | 1,768 |  |  | $ | 366 |  |  | $ | 353 |  |  | $ | (821) |
Europe | 666 |  |  | 848 |  |  | 175 |  |  | 179 |  |  | (536) |
Cruise Support | 40 |  |  | 26 |  |  | 71 |  |  | 35 |  |  | (92) |
Tour and Other | 29 |  |  | 41 |  |  | 6 |  |  | 6 |  |  | (24) |
| $ | 2,401 |  |  | $ | 2,683 |  |  | $ | 619 |  |  | $ | 572 |  |  | $ | (1,473) |
| Six Months Ended May 31,
(in millions) | Revenues |  | Operating costs and expenses |  | Selling and administrative |  | Depreciation and amortization |  | Operating income (loss)
2023 |  |  |  |  |  |  |  |  |
NAA | $ | 6,434 |  |  | $ | 4,471 |  |  | $ | 875 |  |  | $ | 738 |  |  | $ | 351 |
Europe | 2,759 |  |  | 2,179 |  |  | 436 |  |  | 338 |  |  | (193) |
Cruise Support | 106 |  |  | 55 |  |  | 124 |  |  | 90 |  |  | (162) |
Tour and Other | 44 |  |  | 64 |  |  | 14 |  |  | 13 |  |  | (47) |
| $ | 9,343 |  |  | $ | 6,768 |  |  | $ | 1,448 |  |  | $ | 1,179 |  |  | $ | (52) |
2022 |  |  |  |  |  |  |  |  |
NAA | $ | 2,792 |  |  | $ | 3,055 |  |  | $ | 710 |  |  | $ | 687 |  |  | $ | (1,661) |
Europe | 1,123 |  |  | 1,546 |  |  | 352 |  |  | 359 |  |  | (1,134) |
Cruise Support | 73 |  |  | 54 |  |  | 75 |  |  | 68 |  |  | (126) |
Tour and Other | 37 |  |  | 57 |  |  | 12 |  |  | 11 |  |  | (44) |
| $ | 4,024 |  |  | $ | 4,713 |  |  | $ | 1,149 |  |  | $ | 1,126 |  |  | $ | (2,964) |
Revenue by geographic areas, which are based on where our guests are sourced, were as follows:
| Three Months Ended May 31, |  | Six Months Ended May 31,
(in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
North America | $ | 2,988 |  |  | $ | 1,620 |  |  | $ | 5,684 |  |  | $ | 2,738 |
Europe | 1,446 |  |  | 741 |  |  | 2,633 |  |  | 1,220 |
Australia | 307 |  |  | 4 |  |  | 645 |  |  | 4 |
Other | 169 |  |  | 35 |  |  | 380 |  |  | 61 |
| $ | 4,911 |  |  | $ | 2,401 |  |  | $ | 9,343 |  |  | $ | 4,024 |

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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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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