XML 50 R40.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Fair Value Measurements and Derivative Instruments - Non-Derivative Instruments (Details) € in Millions | 6 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Jun. 30, 2016 USD ($) | Jun. 30, 2016 EUR (€) | Dec. 31, 2015 USD ($) | May 31, 2016 | Apr. 30, 2016 | Dec. 31, 2015 EUR (€)
Derivative Instruments |  |  |  |  |  |
Liability Derivatives | $ 614,150,000 |  | $ 1,044,292,000 |  |  |
Fair Value, Concentration of Risk, Derivative Instruments, Assets |  |  | $ 4,800,000 |  |  |
Derivative instrument, observation period | 3 years | 3 years |  |  |  |
Percentage of debt bearing fixed interest | 40.00% |  | 31.00% |  |  | 31.00%
Percentage of aggregate cost exposed to fluctuations in the euro exchange rate |  |  | 58.00% |  |  | 58.00%
Net Investment Hedging |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Notional Amount of Nonderivative Instruments | $ 289,857,000 |  | $ 0 |  |  |
Interest rate swaps |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Notional amount | 4,200,000,000 |  | 4,300,000,000 |  |  |
Interest rate swaps | Harmony of the Seas Unsecured Term Loan |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Derivative, Fixed Interest Rate |  |  |  | 2.26% |  |
Interest rate swaps | Ovation of the Seas Unsecured Term Loan |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Derivative, Fixed Interest Rate |  |  |  |  | 3.16% |
Interest rate swaps | Fair Value Hedging |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Debt amount | 842,500,000 |  |  |  |  |
Interest rate swaps | Fair Value Hedging | Oasis of the Seas Unsecured Term Loan |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Unsecured term loan |  |  | 420,000,000 |  |  |
Debt amount | $ 192,500,000 |  |  |  |  |
Interest rate on hedged debt (as a percent) | 5.41% |  |  |  |  |
Interest rate swaps | Fair Value Hedging | Fixed Rate 5.25 Percent Debt |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Unsecured term loan | $ 650,000,000 |  | 650,000,000 |  |  |
Interest rate on hedged debt (as a percent) | 5.25% |  |  |  |  |
Interest rate swaps | Cash flow hedge |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Unsecured term loan, maximum borrowing commitment per ship | $ 3,372,026,000 |  |  |  |  |
Interest rate swaps | Cash flow hedge | Harmony of the Seas Unsecured Term Loan |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Unsecured term loan |  |  | 790,100,000 |  |  | € 693.4
Unsecured term loan, maximum borrowing commitment per ship | $ 770,714,000 |  |  |  |  |
Derivative, Fixed Interest Rate | 2.26% |  |  |  |  |
Interest rate swaps | Cash flow hedge | Ovation of the Seas Unsecured Term Loan |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Unsecured term loan |  |  | 830,000,000.0 |  |  |
Unsecured term loan, maximum borrowing commitment per ship | $ 830,000,000 |  |  |  |  |
Derivative, Fixed Interest Rate | 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 | $ 463,604,000 |  |  |  |  |
Derivative, Fixed Interest Rate | 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 | $ 643,125,000 |  |  |  |  |
Derivative, Fixed Interest Rate | 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 | $ 664,583,000 |  |  |  |  |
Derivative, Fixed Interest Rate | 3.86% |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Notional amount | $ 1,000,000,000 |  | 2,400,000,000 |  |  |
LIBOR | Ovation of the Seas Unsecured Term Loan |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 1.00% | 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% |  |  |  |  |
Derivative, Variable rate of interest (as a percent) | 4.78% |  |  |  |  |
LIBOR | Interest rate swaps | Fair Value Hedging | Fixed Rate 5.25 Percent Debt |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Additional interest above LIBOR rate (as a percent) | 3.63% |  |  |  |  |
Derivative, Variable rate of interest (as a percent) | 4.26% |  |  |  |  |
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% | 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% | 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% | 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% | 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% | 1.15% |  |  |  |
Long Term Debt Current [Member] | Net Investment Hedging |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Notional Amount of Nonderivative Instruments | $ 32,450,000 |  | 0 |  |  |
Long-term Debt [Member] | Net Investment Hedging |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Notional Amount of Nonderivative Instruments | 257,407,000 |  | $ 0 |  |  |
TUI Cruises | Net Investment Hedging |  |  |  |  |  |
Derivative Instruments |  |  |  |  |  |
Notional Amount of Nonderivative Instruments | $ 289,900,000 | € 260.8 |  |  |  |

X
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 12 -Section 13 -Sentence Column B + Details
Name: | invest_DerivativeNotionalAmount
Namespace Prefix: | invest_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum length of time over which the entity is hedging its exposure. + References No definition available. + Details
Name: | rcl_MaximumLengthOfTimeHedgedInDerivativeContract
Namespace Prefix: | rcl_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of Aggregate Cost Exposed to Fluctuations in the Euro Exchange Rate. + References No definition available. + Details
Name: | rcl_PercentageOfAggregateCostExposedToFluctuationsInEuroExchangeRate
Namespace Prefix: | rcl_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents the maximum borrowing which the company has arranged for each ship constructed. + References No definition available. + Details
Name: | rcl_UnsecuredTermLoanMaximumBorrowingCommintmentPerShip
Namespace Prefix: | rcl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage points added to the reference rate to compute the variable rate on the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeBasisSpreadOnVariableRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- 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
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Variable interest rate in effect as of the balance sheet date related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeVariableInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition This item represents disclosure of all significant concentrations of credit risk or market risk arising from the subject financial instrument (as defined), whether from an individual counterparty or groups of counterparties. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 15 -Paragraph 83 -URI http://asc.fasb.org/extlink&oid=39740004&loc=d3e34841-113949 + Details
Name: | us-gaap_FairValueConcentrationOfRiskDerivativeFinancialInstrumentsAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtPercentageBearingFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payments on a nonderivative instrument. + References No definition available. + Details
Name: | us-gaap_NotionalAmountOfNonderivativeInstruments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_NetInvestmentHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_HarmonyoftheSeasUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_OvationoftheSeasUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_FairValueHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_OasisoftheSeasUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_FixedRate5.25PercentDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_FloatingRateCelebrityReflectionTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_QuantumOfTheSeasUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_AnthemOfTheSeasUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=rcl_EuroInterbankOfferedRateEURIBORDomain
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=rcl_LongTermDebtCurrentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_LongTermDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=rcl_TUICruisesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |