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v3.22.1

Fair Value Measurements and Derivative Instruments - Derivative Instruments, Interest Rate Risk, Foreign Currency Exchange Rate Risk (Narrative) (Details) $ in Thousands, € in Millions | 3 Months Ended | 12 Months Ended |
--- | --- | --- | ---
Mar. 31, 2022 USD ($) | Mar. 31, 2022 EUR (€) | Mar. 31, 2021 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | Mar. 31, 2022 EUR (€)
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Derivative instrument, credit risk exposure | $ 157,700 |  |  |  |  |
Maximum length of time hedged in derivative contract | 3 years | 3 years |  |  |  |
Percentage of debt bearing fixed interest | 71.60% |  |  | 65.70% |  | 71.60%
Foreign currency gain (loss) | $ 7,200 |  | $ 4,400 |  |  |
Interest rate swaps |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Notional amount | 2,900,000 |  |  | $ 2,900,000 |  |
Forward Contracts | Not Designated |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Notional amount | 800,000 |  |  |  |  |
Foreign currency forward contracts | Not Designated |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Change in fair value of foreign currency forward contracts recognized in earnings | (7,000) |  | $ (13,500) |  |  |
Foreign exchange contracts |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Notional amount | 2,800,000 |  |  | $ 3,400,000 |  |
Cruise ships on order |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Aggregate cost of ships on order, not including partner brands on order | 10,700,000 |  |  |  |  |
Amount deposited for cost of ships on order | $ 618,500 |  |  |  |  |
Percentage of aggregate cost exposed to fluctuations in the euro exchange rate | 61.80% |  |  | 59.00% |  | 61.80%
TUI Cruises | Forward Contracts | Designated as Hedging Instrument |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Notional amount | $ 272,500 |  |  |  |  | € 245.0
Foreign currency debt |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Carrying value of non-derivative instrument designated as hedging instrument | 110,103 |  |  | $ 110,313 |  |
Foreign currency debt | TUI Cruises |  |  |  |  |  |
Gains and losses from derivatives involved in hedging relationships |  |  |  |  |  |
Carrying value of non-derivative instrument designated as hedging instrument | $ 110,100 | € 99.0 |  | $ 110,300 | € 97.0 |

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