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Earnings (Loss) Per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Note 12. Earnings (Loss) Per Share A reconciliation between basic and diluted Earnings (Loss) per share is as follows (in millions, except per share data):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Net Income (loss) attributable to Royal Caribbean Cruises Ltd. for basic earnings (loss) per share | $ | 2,877 |  |  | $ | 1,697 |  |  | $ | (2,156) |
Add convertible notes interest and inducement expense | 175 |  |  | 88 |  |  | — |
Net Income (loss) attributable to Royal Caribbean Cruises Ltd. for diluted earnings (loss) per share | $ | 3,052 |  |  | $ | 1,785 |  |  | $ | (2,156) |
Weighted-average common shares outstanding | 261 |  |  | 256 |  |  | 255 |
Dilutive effect of stock-based awards | 1 |  |  | 1 |  |  | — |
Diluted effect of convertible notes | 17 |  |  | 26 |  |  | — |
Diluted weighted-average shares outstanding | 279 |  |  | 283 |  |  | 255 |
Basic earnings (loss) per share (1) | $ | 11.00 |  |  | $ | 6.63 |  |  | $ | (8.45) |
Diluted earnings (loss) per share (1) | $ | 10.94 |  |  | $ | 6.31 |  |  | $ | (8.45) |
(1) Per share amounts may not calculate due to the use of rounded numbers. There were no antidilutive shares for year ended December 31, 2024 and 2023, respectively, compared to 31,027,815 antidilutive shares from our stock-based awards and convertible notes for the year ended December 31, 2022.

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