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Shareholders' Equity | 12 Months Ended
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Nov. 30, 2023
Equity [Abstract] |
Shareholders' Equity | Shareholders’ Equity Carnival Corporation’s Articles of Incorporation authorize its Boards of Directors, at its discretion, to issue up to 40 million shares of preferred stock. At November 30, 2023 and 2022, no Carnival Corporation preferred stock or Carnival plc preference shares had been issued. Stock Swap Program We have a program that allows us to realize a net cash benefit when Carnival Corporation common stock is trading at a premium to the price of Carnival plc ordinary shares (the “Stock Swap Program”). During 2023, 2022 and 2021 under the Stock Swap Program, we sold 2.3 million, 6.0 million and 8.9 million shares of Carnival Corporation common stock and repurchased the same amount of Carnival plc ordinary shares resulting in net proceeds of $2 million, $8 million and $19 million, which were used for general corporate purposes.
(in millions, except per share data) |  | Total Number of Shares of Carnival plc Ordinary Shares Purchased (a) |  | Average Price Paid per Share of Carnival plc Ordinary Share |  | Maximum Number of Carnival plc Ordinary Shares That May Yet Be Purchased Under the Carnival Corporation Stock Swap Program
2023 |  | 2.3 |  |  | $ | 8.70 |  |  | 1.4 |
2022 |  | 6.0 |  |  | $ | 14.52 |  |  | 3.6 |
2021 |  | 8.9 |  |  | $ | 20.99 |  |  | 9.5 |
(a)No ordinary shares of Carnival plc were purchased outside of publicly announced plans or programs. Public Equity Offerings In February 2021, we completed a public offering of 40.5 million shares of Carnival Corporation common stock at a price per share of $25.10, resulting in net proceeds of $996 million. In August 2022, we completed a public offering of 117.5 million shares of Carnival Corporation common stock at a price per share of $9.95, resulting in net proceeds of $1.2 billion. Other In addition, in 2023, 2022 and 2021 we sold 0.5 million, 1.6 million and 0.6 million shares of Carnival Corporation common stock at an average price per share of $9.83, $19.27 and $21.32, resulting in net proceeds of $5 million, $30 million and $13 million. Accumulated Other Comprehensive Income (Loss)
| AOCI
| November 30,
(in millions) | 2023 |  | 2022 |  | 2021
Cumulative foreign currency translation adjustments, net | $ | (1,952) |  |  | $ | (2,004) |  |  | $ | (1,501) |
Unrecognized pension expenses | (34) |  |  | (31) |  |  | (45) |
Net gains on cash flow derivative hedges and other | 48 |  |  | 53 |  |  | 44 |
| $ | (1,939) |  |  | $ | (1,982) |  |  | $ | (1,501) |
During 2023, 2022 and 2021, we had an immaterial amount of unrecognized pension expenses that were reclassified out of accumulated other comprehensive loss and were included within payroll and related expenses and selling and administrative expenses.

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