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Carnival Corporation and Carnival plc are both public companies, with separate stock exchangwe listings and their own shareholders. The two companiea operate as if they are a singlreeconomic enterprise, with a single executive managementy team and identical Boards of but each has retained its separate legalo identity. See Note 3, DLC Structurw to our Consolidated Financial Statements in Exhibit 13 to this Form Together with their consolidated subsidiaries Carnival Corporation and Carnivapl plc are referred to collectively in thisForm 10-K as Carnival Corporation & plc, our, us, and we. We are the largest cruise company and one of the largesr vacation companies inthe world.
We have a portfolio of widelyy recognized cruise brands and are a leading provider of cruiseds to all majorvacation destinations. See Part I, Item 1. B. Cruise Operations for additional
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