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v3.4.0.3

Fair Value Measurements and Derivative Instruments - Non-Derivative Instruments (Details) | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2016 USD ($) | Mar. 31, 2016 EUR (€) | Dec. 31, 2015 USD ($) | Dec. 31, 2015 EUR (€)
Derivative Instruments |  |  |  |
Liability Derivatives | $ 1,017,967,000 |  | $ 1,044,292,000 |
Fair Value, Concentration of Risk, Derivative Instruments, Assets |  |  | $ 4,800,000 |
Derivative instrument, observation period | 3 years |  |  |
Percentage of debt bearing fixed interest | 31.00% | 31.00% | 31.00% | 31.00%
Percentage of aggregate cost exposed to fluctuations in the euro exchange rate | 58.00% | 58.00% | 58.00% | 58.00%
Interest rate swaps |  |  |  |
Derivative Instruments |  |  |  |
Notional amount | $ 4,300,000,000 |  | $ 4,300,000,000 |
Interest rate swaps | Ovation of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Derivative, Fixed Interest Rate | 3.16% | 3.16% |  |
Interest rate swaps | Fair Value Hedging | Oasis of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Unsecured term loan | $ 420,000,000.0 |  | $ 420,000,000 |
Debt amount | 210,000,000 |  |  |
Interest rate on hedged debt (as a percent) |  |  | 5.41% | 5.41%
Interest rate swaps | Fair Value Hedging | 5.25% Fixed rate debt |  |  |  |
Derivative Instruments |  |  |  |
Unsecured term loan | 650,000,000.0 |  | $ 650,000,000 |
Interest rate on hedged debt (as a percent) |  |  | 5.25% | 5.25%
Interest rate swaps | Cash flow hedge | Harmony of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Unsecured term loan |  |  | $ 790,100,000 | € 693,400,000
Anticipated loan balance | $ 790,100,000.0 | € 693,400,000.0 |  |
Derivative, Fixed Interest Rate | 2.26% | 2.26% |  |
Interest rate swaps | Cash flow hedge | Ovation of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Unsecured term loan |  |  | 830,000,000.0 |
Anticipated loan balance | $ 830,000,000.0 |  |  |
Derivative, Fixed Interest Rate | 3.16% | 3.16% |  |
Interest rate swaps | Cash flow hedge | Celebrity Reflection floating rate debt |  |  |  |
Derivative Instruments |  |  |  |
Unsecured term loan |  |  | 490,900,000.0 |
Unsecured term loan, maximum borrowing commitment per ship | $ 490,900,000 |  |  |
Derivative, Fixed Interest Rate | 2.85% | 2.85% |  |
Interest rate swaps | Cash flow hedge | Quantum of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Unsecured term loan |  |  | 673,800,000 |
Unsecured term loan, maximum borrowing commitment per ship | $ 673,800,000 |  |  |
Derivative, Fixed Interest Rate | 3.74% | 3.74% |  |
Interest rate swaps | Cash flow hedge | Anthem of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Unsecured term loan |  |  | 694,800,000 |
Unsecured term loan, maximum borrowing commitment per ship | $ 694,800,000 |  |  |
Derivative, Fixed Interest Rate | 3.86% | 3.86% |  |
Foreign exchange contracts |  |  |  |
Derivative Instruments |  |  |  |
Notional amount | $ 3,600,000,000 |  | $ 2,400,000,000 |
LIBOR | Ovation of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.00% |  |  |
LIBOR | Interest rate swaps | Fair Value Hedging | Oasis of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Additional interest above LIBOR rate (as a percent) | 3.87% | 3.87% |  |
Derivative, Variable rate of interest (as a percent) | 4.40% | 4.40% |  |
LIBOR | Interest rate swaps | Fair Value Hedging | 5.25% Fixed rate debt |  |  |  |
Derivative Instruments |  |  |  |
Additional interest above LIBOR rate (as a percent) | 3.63% | 3.63% |  |
Derivative, Variable rate of interest (as a percent) | 4.25% | 4.25% |  |
LIBOR | Interest rate swaps | Cash flow hedge | Ovation of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.00% |  |  |
LIBOR | Interest rate swaps | Cash flow hedge | Celebrity Reflection floating rate debt |  |  |  |
Derivative Instruments |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 0.40% |  |  |
LIBOR | Interest rate swaps | Cash flow hedge | Quantum of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.30% |  |  |
LIBOR | Interest rate swaps | Cash flow hedge | Anthem of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.30% |  |  |
EURIBOR | Interest rate swaps | Cash flow hedge | Harmony of the Seas Unsecured Term Loan |  |  |  |
Derivative Instruments |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.15% |  |  |

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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=51814546&loc=SL51823488-111719 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51825145&loc=SL20226000-175313 + Details
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