Carnival Cruises 2010 Annual Report Download - page 57

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(b) The 2006 net income was reduced by $57 million of share-based compensation expense related to the
expensing of stock options and RSUs as a result of our adoption of a new accounting standard in 2006. Net
income was reduced by $6 million, $13 million and $19 million for additional interest expense in 2008,
2007 and 2006, respectively, as a result of our adoption of a new accounting pronouncement in 2010 that
changed the amount of interest expense for certain convertible debt instruments that may be settled in cash.
In addition, total debt and total shareholders’ equity were both reduced by $6 million and $19 million at
November 30, 2007 and 2006, respectively, as a result of adopting this 2010 accounting pronouncement.
(c) Total shareholders’ equity was increased by $4 million, $39 million, $54 million and $2 million at
November 30, 2009, 2008, 2007 and 2006, respectively, as a result of our adoption of a new accounting
standard, which required us to include our noncontrolling interests within shareholders’ equity.
(d) Percentage of total debt to the sum of total debt and shareholders’ equity.
56