v3.26.3
Segment Information - Adjusted Operating Income (Loss) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Aug. 31, 2026
Aug. 31, 2025
Aug. 31, 2026
Aug. 31, 2025
Nov. 30, 2025
Revenues [Abstract]          
Total Revenues $ 8,435 $ 8,153 $ 21,263 $ 20,292  
Cruise and tour operating expenses:          
Commissions, transportation and other 988 973 2,638 2,603  
Onboard and other 902 883 2,217 2,154  
Payroll and related 641 636 2,024 1,915  
Fuel 615 451 1,607 1,384  
Food 401 398 1,172 1,124  
Total adjusted Cruise and tour operating expenses 4,625 4,385 12,790 12,138  
Adjusted selling and administrative expense 825 773 2,577 2,434  
Adjusted depreciation and amortization expense 746 717 2,164 2,064  
Adjusted Operating Income (Loss) 2,240 2,278 3,732 3,656  
Gain (loss) on ship sales and impairments (2) 0 (2) 101  
Restructuring expense (8) (3) (8) (5)  
Other (10) (4) (43) (4)  
Interest income 17 15 41 34  
Interest expense, net of capitalized interest (285) (317) (862) (1,034)  
Debt extinguishment and modification costs (23) (111) (23) (366)  
Other income (expense), net 10 0 (60) (4)  
Income Before Income Taxes 1,939 1,860 2,774 2,377  
Capital Expenditures 698 648 2,139 2,105  
Total assets 50,971   50,971   $ 51,687
North America          
Revenues [Abstract]          
Total Revenues 5,543 5,348 13,974 13,469  
Cruise and tour operating expenses:          
Commissions, transportation and other 713 676 1,688 1,624  
Onboard and other 722 705 1,725 1,703  
Payroll and related 342 345 1,097 1,062  
Fuel 403 295 1,063 924  
Food 287 280 829 799  
Adjusted other operating 639 634 1,939 1,902  
Total adjusted Cruise and tour operating expenses 3,106 2,936 8,342 8,015  
Adjusted selling and administrative expense 471 436 1,501 1,427  
Adjusted depreciation and amortization expense 489 461 1,426 1,345  
Adjusted Operating Income (Loss) 1,477 1,515 2,705 2,681  
Capital Expenditures 445 320 1,244 1,116  
Total assets 31,164   31,164   31,400
Europe          
Revenues [Abstract]          
Total Revenues 2,606 2,551 6,797 6,392  
Cruise and tour operating expenses:          
Commissions, transportation and other 312 321 1,057 1,051  
Onboard and other 165 167 436 413  
Payroll and related 254 252 796 745  
Fuel 210 155 541 458  
Food 113 118 340 324  
Adjusted other operating 301 288 941 845  
Total adjusted Cruise and tour operating expenses 1,355 1,301 4,111 3,836  
Adjusted selling and administrative expense 257 244 799 743  
Adjusted depreciation and amortization expense 206 196 603 552  
Adjusted Operating Income (Loss) 788 810 1,284 1,261  
Capital Expenditures 140 119 496 397  
Total assets 16,087   16,087   16,030
Cruise Support          
Revenues [Abstract]          
Total Revenues 96 74 268 219  
Cruise and tour operating expenses:          
Commissions, transportation and other (37) (25) (107) (72)  
Onboard and other 15 12 57 37  
Payroll and related 45 38 130 108  
Fuel 2 0 2 1  
Food 1 1 3 1  
Adjusted other operating 35 25 93 67  
Total adjusted Cruise and tour operating expenses 61 52 178 143  
Adjusted selling and administrative expense 92 88 262 251  
Adjusted depreciation and amortization expense 43 53 114 148  
Adjusted Operating Income (Loss) (100) (118) (287) (322)  
Capital Expenditures 105 205 363 559  
Total assets 3,281   3,281   3,836
Tour and Other          
Revenues [Abstract]          
Total Revenues 191 179 224 212  
Cruise and tour operating expenses:          
Commissions, transportation and other 0 0 0 0  
Onboard and other 0 0 0 0  
Payroll and related 0 0 0 0  
Fuel 0 0 0 0  
Food 0 0 0 0  
Adjusted other operating 104 97 159 144  
Total adjusted Cruise and tour operating expenses 104 97 159 144  
Adjusted selling and administrative expense 4 4 15 13  
Adjusted depreciation and amortization expense 7 7 21 19  
Adjusted Operating Income (Loss) 75 71 30 36  
Capital Expenditures 8 $ 4 36 $ 34  
Total assets $ 439   $ 439   $ 421