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v3.25.2

Segment Information (Tables) | 6 Months Ended
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May 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information |
| Three Months Ended May 31,
(in millions) | Revenues |  | Operating expenses |  | Selling and administrative |  | Depreciation and amortization |  | Operating income (loss)
2025 |  |  |  |  |  |  |  |  |
North America (a) | $ | 4,214 |  |  | $ | 2,600 |  |  | $ | 473 |  |  | $ | 450 |  |  | $ | 691 |
Europe | 2,011 |  |  | 1,208 |  |  | 248 |  |  | 187 |  |  | 368 |
Cruise Support | 73 |  |  | 46 |  |  | 90 |  |  | 50 |  |  | (113) |
Tour and Other | 31 |  |  | 32 |  |  | 5 |  |  | 6 |  |  | (12) |
| $ | 6,328 |  |  | $ | 3,886 |  |  | $ | 816 |  |  | $ | 692 |  |  | $ | 934 |
2024 |  |  |  |  |  |  |  |  |
North America (a) | $ | 3,984 |  |  | $ | 2,580 |  |  | $ | 464 |  |  | $ | 414 |  |  | $ | 525 |
Europe | 1,697 |  |  | 1,135 |  |  | 230 |  |  | 164 |  |  | 168 |
Cruise Support | 63 |  |  | 39 |  |  | 90 |  |  | 49 |  |  | (114) |
Tour and Other | 37 |  |  | 44 |  |  | 6 |  |  | 6 |  |  | (19) |
| $ | 5,781 |  |  | $ | 3,798 |  |  | $ | 789 |  |  | $ | 634 |  |  | $ | 560 |
| Six Months Ended May 31, 2025
(in millions) | Revenues |  | Operating expenses |  | Selling and administrative |  | Depreciation and amortization |  | Operating income (loss)
2025 |  |  |  |  |  |  |  |  |
North America (a) | $ | 8,120 |  |  | $ | 5,036 |  |  | $ | 993 |  |  | $ | 884 |  |  | $ | 1,207 |
Europe | 3,841 |  |  | 2,478 |  |  | 499 |  |  | 356 |  |  | 508 |
Cruise Support | 145 |  |  | 91 |  |  | 163 |  |  | 95 |  |  | (204) |
Tour and Other | 33 |  |  | 47 |  |  | 9 |  |  | 12 |  |  | (34) |
| $ | 12,139 |  |  | $ | 7,653 |  |  | $ | 1,663 |  |  | $ | 1,346 |  |  | $ | 1,477 |
2024 |  |  |  |  |  |  |  |  |
North America (a) | $ | 7,558 |  |  | $ | 4,982 |  |  | $ | 966 |  |  | $ | 813 |  |  | $ | 797 |
Europe | 3,466 |  |  | 2,386 |  |  | 464 |  |  | 328 |  |  | 288 |
Cruise Support | 122 |  |  | 75 |  |  | 162 |  |  | 94 |  |  | (210) |
Tour and Other | 41 |  |  | 59 |  |  | 10 |  |  | 12 |  |  | (40) |
| $ | 11,187 |  |  | $ | 7,502 |  |  | $ | 1,603 |  |  | $ | 1,247 |  |  | $ | 836 |
(a)Beginning in the first quarter of 2025, we renamed the North America and Australia segment to the North America segment.
Schedule of Revenue by Geographical Area | 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) | 2025 |  | 2024 |  | 2025 |  | 2024
North America | $ | 3,774 |  |  | $ | 3,542 |  |  | $ | 7,243 |  |  | $ | 6,663 |
Europe | 1,964 |  |  | 1,631 |  |  | 3,590 |  |  | 3,199 |
Australia | 315 |  |  | 355 |  |  | 735 |  |  | 781 |
Other | 275 |  |  | 252 |  |  | 570 |  |  | 545 |
| $ | 6,328 |  |  | $ | 5,781 |  |  | $ | 12,139 |  |  | $ | 11,187 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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