XML 91 R32.htm IDEA: XBRL DOCUMENT v3.20.1

Fair Value Measurements and Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments

Fair Value Measurements, Nonrecurring

The estimated fair value of our financial instruments that are not measured at fair value, categorized based upon the fair value hierarchy, are as follows (in thousands): 

						Fair Value Measurements at March 31, 2020 Using																																																						Fair Value Measurements at December 31, 2019 Using
Description						Total Carrying Amount						Total Fair Value						Level 1(1)						Level 2(2)						Level 3(3)						Total Carrying Amount						Total Fair Value						Level 1(1)						Level 2(2)						Level 3(3)
Assets:
Cash and cash equivalents(4)						$	3,890,811					$	3,890,811					$	3,890,811					$	—					$	—					$	243,738					$	243,738					$	243,738					$	—					$	—
Total Assets						$	3,890,811					$	3,890,811					$	3,890,811					$	—					$	—					$	243,738					$	243,738					$	243,738					$	—					$	—
Liabilities:
Long-term debt (including current portion of debt)(5)						$	15,458,844					$	15,635,346					$	—					$	15,635,346					$	—					$	9,370,438					$	10,059,055					$	—					$	10,059,055					$	—
Total Liabilities						$	15,458,844					$	15,635,346					$	—					$	15,635,346					$	—					$	9,370,438					$	10,059,055					$	—					$	10,059,055					$	—

(1) Inputs based on quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access. Valuation of these items does not entail a significant amount of judgment.

(2) Inputs other than quoted prices included within Level 1 that are observable for the liability, either directly or indirectly. For unsecured revolving credit facilities and unsecured term loans, fair value is determined utilizing the income valuation approach. This valuation model takes into account the contract terms of our debt such as the debt maturity and the interest rate on the debt. The valuation model also takes into account the creditworthiness of the Company.

(3) Inputs that are unobservable. The Company did not use any Level 3 inputs as of March 31, 2020 and December 31, 2019.

(4) Consists of cash and marketable securities with original maturities of less than 90 days.

(5) Consists of unsecured revolving credit facilities, senior notes, senior debentures and term loans. These amounts do not include our capital lease obligations or commercial paper.

The following table presents information about the Company’s nonfinancial instruments recorded at fair value on a nonrecurring basis (in thousands):

			Fair Value Measurements at March 31, 2020 Using
Description			Total Carrying Amount			Total Fair Value			Level 3			Total Impairment
Silversea Cruises Goodwill (1)			$	508,579		$	508,579		$	508,579		$	576,208
Indefinite-life intangible asset (2)			$	318,700		$	318,700		$	318,700		$	30,800
Long-lived assets - vessels(3)			$	156,270		$	156,270		$	156,270		$	417,057
Right-of-use assets(4)			$	57,068		$	57,068		$	57,068		$	45,945
Equity-method investments(5)			—			—			—			$	39,735
Total			$	1,040,617		$	1,040,617		$	1,040,617		$	1,109,745

_________________________________________________________________________________________________________

⁽¹⁾ We estimated the fair value of the Silversea Cruises reporting unit using a probability-weighted discounted cash flow model in combination with a market based valuation approach. The principal assumptions used in the discounted cash flow model are projected operating results, weighted-average cost of capital and terminal value. Significantly impacting these assumptions were changes in market conditions associated with COVID-19 and its impact to the business and related operating plans. The discounted cash flow model used our 2020 projected operating results as a base. To that base we added future years’ cash flows through 2030 assuming multiple revenue and expense scenarios that reflect the impact of different global economic environments for this period on Silversea Cruises' reporting unit. We assigned a probability to each revenue and expense scenario. We discounted the projected cash flows using rates specific to Silversea Cruises' reporting unit based on its weighted-average cost of capital, which was determined to be 12.75%. A significant input in performing the fair value assessment for the Silversea Cruises goodwill was forecasted operating results, which takes into consideration expected ship deliveries, including ship options.

⁽²⁾ We estimated the fair value of our indefinite-life intangible asset using a discounted cash flow model and the relief-from-royalty method. The trade name relates to Silversea Cruises and we used a discount rate of 13.25%, comparable to the rate used in valuing the Silversea Cruises reporting unit. Significant inputs in performing the fair value assessment for the trade name were the royalty rate of 3.0% and forecasted net revenues, which takes into consideration expected ship deliveries, including ship options.

⁽³⁾ We estimated the fair value of two of our vessels using a blended indication from the income and cost approaches. The fair value of the remaining vessels was estimated primarily based on their orderly liquidation values. A significant input in performing the fair value assessments for these vessels was management's expected use of the vessels, which takes into consideration forecasted operating results.

⁽⁴⁾ Impairments to our right-of-use assets relate to certain of our berthing arrangements. We estimated the fair value of these right-of-use assets using estimated projected discounted cash flows. A significant input in performing the fair value assessments for these assets was our expected passenger headcount.

⁽⁵⁾ We estimated the fair value of our other than temporarily impaired equity-method investments using a discounted cash flow model. A significant input in performing the fair value assessments for these assets was forecasted operating results for these investments.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and liabilities that are recorded at fair value have been categorized based upon the fair value hierarchy. The following table presents information about the Company’s financial instruments recorded at fair value on a recurring basis (in thousands):

						Fair Value Measurements at March 31, 2020 Using																																										Fair Value Measurements at December 31, 2019 Using
Description						Total						Level 1(1)						Level 2(2)						Level 3(3)						Total						Level 1(1)						Level 2(2)						Level 3(3)
Assets:
Derivative financial instruments(4)						$	40,960					$	—					$	40,960					$	—					$	39,994					$	—					$	39,994					$	—
Total Assets						$	40,960					$	—					$	40,960					$	—					$	39,994					$	—					$	39,994					$	—
Liabilities:
Derivative financial instruments(5)						$	557,492					$	—					$	557,492					$	—					$	257,728					$	—					$	257,728					$	—
Contingent consideration (6)						11,381						—						—						11,381						62,400						—						—						62,400
Total Liabilities						$	568,873					$	—					$	557,492					$	11,381					$	320,128					$	—					$	257,728					$	62,400

(1)Inputs based on quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access. Valuation of these items does not entail a significant amount of judgment.

(2)Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. For foreign currency forward contracts, interest rate swaps and fuel swaps, fair value is derived using valuation models that utilize the income valuation approach. These valuation models take into account the contract terms, such as maturity, as well as other inputs, such as foreign exchange rates and curves, fuel types, fuel curves and interest rate yield curves. Derivative instrument fair values take into account the creditworthiness of the counterparty and the Company.

(3)Inputs that are unobservable. 

(4)Consists of foreign currency forward contracts, interest rate swaps and fuel swaps. 

(5)Consists of foreign currency forward contracts, interest rate swaps and fuel swaps.

(6)The contingent consideration related to the Silversea Cruises acquisition was estimated by applying a Monte-Carlo simulation method using our closing stock price along with significant inputs not observable in the market, including the probability of achieving the milestones and estimated future operating results. The Monte-Carlo simulation is a generally accepted statistical technique used to generate a defined number of valuation paths in order to develop a reasonable estimate of fair value.

Offsetting Assets

The following table presents information about the Company’s offsetting of financial assets under master netting agreements with derivative counterparties (in thousands):

						Gross Amounts not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
						As of March 31, 2020																																										As of December 31, 2019
						Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheet						Gross Amount of Eligible Offsetting Recognized Derivative Liabilities						Cash Collateral Received						Net Amount of Derivative Assets						Gross Amount of Derivative Assets Presented in the Consolidated Balance Sheet						Gross Amount of Eligible Offsetting Recognized Derivative Assets						Cash Collateral Received						Net Amount of Derivative Assets
Derivatives subject to master netting agreements						$	40,960					$	(40,960)					$	—					$	—					$	39,994					$	(39,994)					$	—					$	—
Total						$	40,960					$	(40,960)					$	—					$	—					$	39,994					$	(39,994)					$	—					$	—

Offsetting Liabilities

The following table presents information about the Company’s offsetting of financial liabilities under master netting agreements with derivative counterparties (in thousands):

						Gross Amounts not Offset in the Consolidated Balance Sheet that are Subject to Master Netting Agreements
						As of March 31, 2020																																										As of December 31, 2019
						Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheet						Gross Amount of Eligible Offsetting Recognized Derivative Assets						Cash Collateral Pledged						Net Amount of Derivative Liabilities						Gross Amount of Derivative Liabilities Presented in the Consolidated Balance Sheet						Gross Amount of Eligible Offsetting Recognized Derivative Liabilities						Cash Collateral Pledged						Net Amount of Derivative Liabilities
Derivatives subject to master netting agreements						$	(557,492)					$	40,960					$	—					$	(516,532)					$	(257,728)					$	39,994					$	—					$	(217,734)
Total						$	(557,492)					$	40,960					$	—					$	(516,532)					$	(257,728)					$	39,994					$	—					$	(217,734)

Schedule of Price Risk Derivatives

As of March 31, 2020 and December 31, 2019, we had the following outstanding fuel swap agreements:

			Fuel Swap Agreements
			As of March 31, 2020						As of December 31, 2019
			(metric tons)
2020(1)			596,850						830,500
2021			614,900						488,900
2022			404,300						322,900
2023			82,400						82,400

⁽¹⁾ As a result of the COVID-19 pandemic, we discontinued cash flow hedge accounting on 0.2 million metric tons of our fuel swap agreements maturing in 2020 as of March 31, 2020.

			Fuel Swap Agreements
			As of March 31, 2020						As of December 31, 2019
			(% hedged)
Projected fuel purchases:
2020			60		%				54		%
2021			39		%				30		%
2022			23		%				19		%
2023			5		%				5		%

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value and line item caption of derivative instruments recorded within our consolidated balance sheets were as follows (in thousands):

						Fair Value of Derivative Instruments
						Asset Derivatives																														Liability Derivatives
						Balance Sheet Location						As of March 31, 2020						As of December 31, 2019						Balance Sheet Location						As of March 31, 2020						As of December 31, 2019
															Fair Value						Fair Value															Fair Value						Fair Value
Derivatives designated as hedging instruments under ASC 815-20(1)
Interest rate swaps						Other assets						$	19,787					$	11					Other long-term liabilities						$	113,312					$	64,168
Foreign currency forward contracts						Derivative financial instruments						—						—						Derivative financial instruments						75,862						75,260
Foreign currency forward contracts						Other assets						21,173						9,380						Other long-term liabilities						119,303						64,711
Fuel swaps						Derivative financial instruments						—						16,922						Derivative financial instruments						66,098						16,901
Fuel swaps						Other assets						—						8,677						Other long-term liabilities						119,472						33,965
Total derivatives designated as hedging instruments under 815-20												40,960						34,990												494,047						255,005
Derivatives not designated as hedging instruments under ASC 815-20
Foreign currency forward contracts						Derivative financial instruments						$	—					$	3,186					Derivative financial instruments						$	—					$	2,419
Foreign currency forward contracts						Other assets						—						—						Other long-term liabilities						—						—
Fuel swaps						Derivative financial instruments						—						1,643						Derivative financial instruments						61,347						295
Fuel swaps						Other Assets						—						175						Other long-term liabilities						2,098						9
Total derivatives not designated as hedging instruments under 815-20												—						5,004												63,445						2,723
Total derivatives												$	40,960					$	39,994											$	557,492					$	257,728

(1)Accounting Standard Codification 815-20 “Derivatives and Hedging.”

The fair value and line item caption of derivative instruments recorded within our consolidated balance sheets for the cumulative basis adjustment for fair value hedges were as follows (in thousands):

Line Item in the Statement of Financial Position Where the Hedged Item is Included						Carrying Amount of the Hedged Liabilities																		Cumulative amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Liabilities
									As of March 31, 2020						As of December 31, 2019						As of March 31, 2020						As of December 31, 2019
Current portion of debt and Long-term debt						$	736,885					$	715,234					$	20,029					$	(1,301)
						$	736,885					$	715,234					$	20,029					$	(1,301)

Derivative Instruments, Gain (Loss)

The location and amount of gain or (loss) recognized in income on fair value and cash flow hedging relationships were as follows (in thousands):

Quarter Ended March 31, 2020

Quarter Ended March 31, 2019

Fuel Expense

Depreciation and Amortization Expenses

Interest Income (Expense)

Other Income (Expense)

Fuel Expense

Depreciation and Amortization Expenses

Interest Income (Expense)

Other Income (Expense)

Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded

$194,268

$324,330

$(87,377)

$(32,859)

$160,171

$292,285

$(90,631)

$(5,088)

The effects of fair value and cash flow hedging:

Gain or (loss) on fair value hedging relationships in Subtopic 815-20

Interest contracts

Hedged items

n/a

n/a

$(21,330)

$—

n/a

n/a

(8,459)

$—

Derivatives designated as hedging instruments

n/a

n/a

$20,430

$—

n/a

n/a

$(2,257)

$8,092

Gain or (loss) on cash flow hedging relationships in Subtopic 815-20

Interest contracts

Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income

n/a

n/a

$(3,391)

n/a

n/a

n/a

$(391)

n/a

Commodity contracts

Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income

$(14,233)

n/a

n/a

$344

$18,018

n/a

n/a

$(256)

Foreign exchange contracts

Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income

n/a

$(3,337)

n/a

$(1,763)

n/a

$(3,334)

n/a

$(1,315)

Fair Value and Line Item Caption of Non-derivative Instruments

The carrying value and line item caption of non-derivative instruments designated as hedging instruments recorded within our consolidated balance sheets were as follows (in thousands):

												Carrying Value
Non-derivative instrument designated as hedging instrument under ASC 815-20						Balance Sheet Location						As of March 31, 2020						As of December 31, 2019
Foreign currency debt						Current portion of debt						$	70,293					$	73,572
Foreign currency debt						Long-term debt						243,506						284,506
												$	313,799					$	358,078

Non Derivative Instruments Qualifying and Designated as Hedging Instruments in Net Investment Hedges

The effect of non-derivative instruments qualifying and designated as net investment hedging instruments on the consolidated financial statements was as follows (in thousands):

						Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)
Non-derivative instruments under ASC 815-20 Net Investment Hedging Relationships						Quarter Ended March 31, 2020						Quarter Ended March 31, 2019
Foreign Currency Debt						$	7,489					$	5,702
						$	7,489					$	5,702

Not Designated as Hedging Instrument

Derivative Instruments

Derivative Instruments, Gain (Loss)

The effect of derivatives not designated as hedging instruments on the consolidated financial statements was as follows (in thousands):

												Amount of Gain (Loss) Recognized in Income on Derivatives
Derivatives Not Designated as Hedging Instruments under ASC 815-20						Location of Gain (Loss) Recognized in Income on Derivatives						Quarter Ended March 31, 2020						Quarter Ended March 31, 2019
Foreign currency forward contracts						Other income (expense)						$	(52,676)					$	5,014
Fuel swaps						Fuel						—						(136)
Fuel swaps						Other income (expense)						(67,206)						(98)
												$	(119,882)					$	4,780

Fair Value Hedging

Derivative Instruments

Schedule of Interest Rate Derivatives

At March 31, 2020 and December 31, 2019, we maintained interest rate swap agreements on the following fixed-rate debt instruments:

Debt Instrument			Swap Notional as of March 31, 2020 (In thousands)			Maturity			Debt Fixed Rate			Swap Floating Rate: LIBOR plus			All-in Swap Floating Rate as of March 31, 2020
Oasis of the Seas term loan			$	70,000		October 2021			5.41%			3.87%			5.8%
Unsecured senior notes			650,000			November 2022			5.25%			3.63%			5.32%
			$	720,000

Derivative Instruments, Gain (Loss)

The effect of derivative instruments qualifying and designated as hedging instruments and the related hedged items in fair value hedges on the consolidated statements of comprehensive income (loss) was as follows (in thousands):

Derivatives and Related Hedged Items under ASC 815-20 Fair Value Hedging Relationships						Location of Gain (Loss) Recognized in Income on Derivative and Hedged Item						Amount of Gain (Loss) Recognized in Income on Derivative																														Amount of Gain (Loss) Recognized in Income on Hedged Item
																								Quarter Ended March 31, 2020						Quarter Ended March 31, 2019																		Quarter Ended March 31, 2020						Quarter Ended March 31, 2019
Interest rate swaps						Interest expense, net of interest capitalized						$	20,430					$	(2,257)																	$	(21,330)					$	(8,459)
Interest rate swaps						Other income (expense)						—						8,092																		—						—
												$	20,430					$	5,835																	$	(21,330)					$	(8,459)

Cash flow hedge

Derivative Instruments

Schedule of Interest Rate Derivatives

At March 31, 2020 and December 31, 2019, we maintained interest rate swap agreements on the following floating-rate debt instruments:

Debt Instrument			Swap Notional as of March 31, 2020 (In thousands)			Maturity			Debt Floating Rate									All-in Swap Fixed Rate
Celebrity Reflection term loan			$	272,708		October 2024			LIBOR plus			0.40%			2.85%
Quantum of the Seas term loan			428,750			October 2026			LIBOR plus			1.30%			3.74%
Anthem of the Seas term loan			453,125			April 2027			LIBOR plus			1.30%			3.86%
Ovation of the Seas term loan			587,917			April 2028			LIBOR plus			1.00%			3.16%
Harmony of the Seas term loan (1)			538,899			May 2028			EURIBOR plus			1.15%			2.26%
Odyssey of the Seas term loan (2)			460,000			October 2032			LIBOR plus			0.95%			3.20%
Odyssey of the Seas term loan (2)			191,667			October 2032			LIBOR plus			0.95%			2.83%
			$	2,933,066

(1)Interest rate swap agreements hedging the Euro-denominated term loan for Harmony of the Seas include EURIBOR zero-floor matching the hedged debt EURIBOR zero-floor. Amount presented is based on the exchange rate as of March 31, 2020.

(2)Interest rate swap agreements hedging the term loan of Odyssey of the Seas include LIBOR zero-floors matching the debt LIBOR zero-floor. The effective dates of the $460.0 million and $191.7 million interest rate swap agreements are October 2020 and October 2022, respectively. The anticipated unsecured term loan for the financing of Odyssey of the Seas was initially expected to be drawn in October 2020. However, due to the impact of COVID-19 to shipyard operations, there may be a delay in the ship delivery.

Derivative Instruments, Gain (Loss)

The effect of derivative instruments qualifying and designated as cash flow hedging instruments on the consolidated financial statements was as follows (in thousands):

Derivatives under ASC 815-20  Cash Flow Hedging Relationships						Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) on Derivative																														Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income						Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income
												Quarter Ended March 31, 2020						Quarter Ended March 31, 2019																											Quarter Ended March 31, 2020						Quarter Ended March 31, 2019
Interest rate swaps						$	(52,595)					$	(28,329)																	Interest expense, net of interest capitalized						$	(3,391)					$	(391)
Foreign currency forward contracts						(100,014)						(90,144)																		Depreciation and amortization expenses						(3,337)						(3,334)
Foreign currency forward contracts						—						—																		Other income (expense)						(1,763)						(1,315)
Fuel swaps						—						—																		Other income (expense)						344						(256)
Fuel swaps						(170,376)						180,038																		Fuel						(14,233)						18,018
						$	(322,985)					$	61,565																							$	(22,380)					$	12,722

The table below represents amounts excluded from the assessment of effectiveness for our net investment hedging instruments for which the difference between changes in fair value and periodic amortization is recorded in accumulated other comprehensive income (loss) (in thousands):

Gain (Loss) Recognized in Income (Net Investment Excluded Components)												Three Months Ended March 31, 2020
Net inception fair value at January 1, 2020												$	(8,008)
Amount of gain recognized in income on derivatives for the period ended March 31, 2020												1,617
Amount of gain (loss) remaining to be amortized in accumulated other comprehensive loss, as of March 31, 2020												1,654
Fair value at March 31, 2020												$	(4,737)

X

- Definition

Tabular disclosure of non derivative instruments qualifying and designated as hedging instruments in net investment hedges.

+ References

No definition available.

+ Details

Name:	rcl_NonDerivativeInstrumentsQualifyingAndDesignatedAsHedgingInstrumentsInNetInvestmentHedgesTableTextBlock
Namespace Prefix:	rcl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying value of non-derivative instruments designated as hedging instruments.

+ References

No definition available.

+ Details

Name:	rcl_NonDerivativeInstrumentsTableTextBlock
Namespace Prefix:	rcl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

+ Details

Name:	us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312

+ Details

Name:	us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of price risk derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfPriceRiskDerivativesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_HedgingDesignationAxis=us-gaap_NondesignatedMember
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_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: