XML 132 R95.htm IDEA: XBRL DOCUMENT
v3.20.4

Fair Value Measurements and Derivative Instruments (Interest Rate Risk) (Details) - USD ($) $ in Thousands | 12 Months Ended |
--- | --- | ---
Dec. 31, 2020 | Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Fixed interest rate on long-term debt | 64.50% | 62.10%
Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional amount | $ 3,400,000 | $ 3,500,000
Fair value hedging | Interest rate swaps |  |
Interest Rate Fair Value Hedges [Abstract] |  |
Long-term debt | 685,000 |
Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | 2,678,983 |
Oasis of the Seas Unsecured Term Loan | Fair value hedging | Interest rate swaps |  |
Interest Rate Fair Value Hedges [Abstract] |  |
Long-term debt | $ 35,000 |
Long term debt, stated interest rate (as a percent) | 5.41% |
Fixed Rate 5.25% Debt | Fair value hedging | Interest rate swaps |  |
Interest Rate Fair Value Hedges [Abstract] |  |
Long-term debt | $ 650,000 |
Long term debt, stated interest rate (as a percent) | 5.25% |
Celebrity Reflection term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | $ 218,167 |
All-in Swap Fixed Rate | 2.85% |
Quantum of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | $ 367,500 |
All-in Swap Fixed Rate | 3.74% |
Anthem of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | $ 392,708 |
All-in Swap Fixed Rate | 3.86% |
Ovation of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | $ 518,750 |
All-in Swap Fixed Rate | 3.16% |
Harmony of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | $ 530,191 |
All-in Swap Fixed Rate | 2.26% |
Odyssey of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | $ 460,000 |
All-in Swap Fixed Rate | 3.20% |
Odyssey of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Notional Amount | $ 191,667 |
All-in Swap Fixed Rate | 2.83% |
London Interbank Offered Rate (LIBOR) | Oasis of the Seas Unsecured Term Loan | Fair value hedging | Interest rate swaps |  |
Interest Rate Fair Value Hedges [Abstract] |  |
Swap Floating Rate: LIBOR plus | 3.87% |
All-in Swap Floating Rate | 4.12% |
London Interbank Offered Rate (LIBOR) | Fixed Rate 5.25% Debt | Fair value hedging | Interest rate swaps |  |
Interest Rate Fair Value Hedges [Abstract] |  |
Swap Floating Rate: LIBOR plus | 3.63% |
All-in Swap Floating Rate | 3.85% |
London Interbank Offered Rate (LIBOR) | Celebrity Reflection term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Debt Floating Rate | 0.40% |
London Interbank Offered Rate (LIBOR) | Quantum of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Debt Floating Rate | 1.30% |
London Interbank Offered Rate (LIBOR) | Anthem of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Debt Floating Rate | 1.30% |
London Interbank Offered Rate (LIBOR) | Ovation of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Debt Floating Rate | 1.00% |
London Interbank Offered Rate (LIBOR) | Odyssey of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Debt Floating Rate | 0.95% |
London Interbank Offered Rate (LIBOR) | Odyssey of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Debt Floating Rate | 0.95% |
Euro Interbank Offered Rate (EURIBOR) | Harmony of the Seas term loan | Cash flow hedge | Interest rate swaps |  |
Interest Rate Cash Flow Hedges [Abstract] |  |
Debt Floating Rate | 1.15% |

X
- Definition Represents the maximum borrowing which the company has arranged for each ship constructed. + References No definition available. + Details
Name: | rcl_UnsecuredTermLoanMaximumBorrowingCommitmentPerShip
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 Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&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 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 Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

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 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_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InterestRateCashFlowHedgesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InterestRateFairValueHedgesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -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=120398452&loc=d3e534808-122878 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&loc=d3e13212-122682 + 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://fasb.org/us-gaap/role/ref/legacyRef -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=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtPercentageBearingFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
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: |

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_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_DebtInstrumentAxis=rcl_OvationoftheSeasUnsecuredTermLoanMember
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_OdysseyOfTheSeasTermLoanOneMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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