XML 203 R39.htm IDEA: XBRL DOCUMENT
v3.22.2

Debt - Summary of Debt (Details) - USD ($) | 6 Months Ended |
--- | --- | ---
Jun. 30, 2022 | Dec. 31, 2021
Debt Instrument [Line Items] |  |  |
Finance lease liabilities |  | $ 422,893,000 | $ 472,275,000
Total debt | [1] | 23,631,059,000 | 21,453,872,000
Less: unamortized debt issuance costs |  | (417,852,000) | (363,532,000)
Total debt, net of unamortized debt issuance costs |  | 23,213,207,000 | 21,090,340,000
Less—current portion |  | (5,466,486,000) | (2,243,131,000)
Long-term portion |  | $ 17,746,721,000 | $ 18,847,209,000
Weighted average interest rate |  | 6.09% | 5.47%
Total fixed rate debt |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 15,450,260,000 | $ 12,377,882,000
Unsecured senior notes |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 6,595,735,000 | 5,604,498,000
Unsecured senior notes | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 3.70% |
Unsecured senior notes | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 9.13% |
Secured senior notes |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 2,361,570,000 | 2,354,037,000
Secured senior notes | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 10.88% |
Secured senior notes | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 11.50% |
Unsecured term loans |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 4,767,955,000 | 2,860,567,000
Unsecured term loans | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 1.28% |
Unsecured term loans | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 5.89% |
Convertible notes |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 1,725,000,000 | 1,558,780,000
Convertible notes | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 2.88% |
Convertible notes | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate | [2] | 4.25% |
Total variable rate debt |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 7,757,906,000 | 8,603,715,000
Unsecured revolving credit facilities |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross | [3] | 2,611,342,000 | 2,899,342,000
Maximum borrowing capacity |  | $ 3,200,000,000 |
Unsecured revolving credit facilities | Unsecured Revolving Credit Facility Due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate |  | 3.09% |
Maximum borrowing capacity |  | $ 1,900,000,000 |
Facility fee |  | 0.20% |
Unsecured revolving credit facilities | Unsecured Revolving Credit Facility Due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate |  | 3.49% |
Maximum borrowing capacity |  | $ 1,300,000,000 |
Unsecured revolving credit facilities | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2],[3] | 3.09% |
Unsecured revolving credit facilities | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2],[3] | 3.49% |
Unsecured revolving credit facilities | Maximum | Unsecured Revolving Credit Facility Due 2024 | LIBOR |  |  |
Debt Instrument [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 1.30% |
Unsecured revolving credit facilities | Maximum | Unsecured Revolving Credit Facility Due 2024 |  |  |
Debt Instrument [Line Items] |  |  |
Facility fee |  | 0.30% |
Unsecured revolving credit facilities | Maximum | Unsecured Revolving Credit Facility Due 2024 | LIBOR |  |  |
Debt Instrument [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 1.70% |
USD unsecured term loan |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 4,569,466,000 | 5,018,740,000
USD unsecured term loan | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 3.34% |
USD unsecured term loan | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 6.79% |
Euro unsecured term loan |  |  |
Debt Instrument [Line Items] |  |  |
Long-term debt, gross |  | $ 577,098,000 | $ 685,633,000
Euro unsecured term loan | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 2.26% |
Euro unsecured term loan | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Current interest rate | [2] | 4.72% |
[1] | At June 30, 2022 and December 31, 2021, the weighted average interest rate for total debt was 6.09% and 5.47%, respectively.
[2] | Interest rates based on outstanding loan balance as of June 30, 2022 and, for variable rate debt, include either LIBOR or EURIBOR plus the applicable margin.
[3] | Includes $1.9 billion facility and $1.3 billion facility, the vast majority of which is due in 2024. Our $1.9 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.30% which interest was 3.09% as of June 30, 2022 and is subject to a facility fee of a maximum of 0.20%. Our $1.3 billion facility accrues interest at LIBOR plus a maximum interest rate margin of 1.70%, which interest was 3.49% as of June 30, 2022 and is subject to a facility fee of a maximum of 0.30%.

X
- Definition Represents the aggregate of total Long-term debt and short-term debt, excluding financing costs. + References No definition available. + Details
Name: | rcl_DebtLongtermandshorttermexcludingfinancingcosts
Namespace Prefix: | rcl_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of debt and lease obligation, classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(21)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtCurrent
Namespace Prefix: | us-gaap_
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: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + 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)(1) -URI https://asc.fasb.org/extlink&oid=123466204&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(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 3: 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: 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 https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 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(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: 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 https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the aggregate of total long-term debt, including current maturities and short-term debt. + References No definition available. + Details
Name: | us-gaap_DebtLongtermAndShorttermCombinedAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Weighted average interest rate of debt outstanding. + References No definition available. + Details
Name: | us-gaap_DebtWeightedAverageInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Present value of lessee's discounted obligation for lease payments from finance lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 45 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123391704&loc=SL77918627-209977 + Details
Name: | us-gaap_FinanceLeaseLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, classified as noncurrent. + 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)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligations
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset. + References No definition available. + Details
Name: | us-gaap_UnamortizedDebtIssuanceExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=rcl_FixedRateDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_ConvertibleNotesPayableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=rcl_VariableRateDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_UnsecuredRevolvingCreditFacilityDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rcl_UnsecuredRevolvingCreditFacilityLIBORPlus1Point75PercentMember
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_LongtermDebtTypeAxis=rcl_USDUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=rcl_EuroUnsecuredTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |