XML 69 R38.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Information | Supplemental balance sheet information for leases was as follows (in millions):
| As of December 31, 2024 |  | As of December 31, 2023
Lease assets: |  |  |
Finance lease right-of-use assets, net: |  |  |
Property and equipment, gross | $ | 146 |  |  | $ | 520 |
Accumulated depreciation | (50) |  |  | (69) |
Property and equipment, net | 96 |  |  | 451 |
Operating lease right-of-use assets | 677 |  |  | 611 |
Total lease assets | $ | 773 |  |  | $ | 1,062 |
Lease liabilities: |  |  |
Finance lease liabilities: |  |  |
Current portion of debt | $ | 7 |  |  | $ | 26 |
Long-term debt | 110 |  |  | 343 |
Total finance lease liabilities | 117 |  |  | 369 |
Operating lease liabilities: |  |  |
Current portion of operating lease liabilities | 74 |  |  | 65 |
Long-term operating lease liabilities | 670 |  |  | 613 |
Total operating lease liabilities | 744 |  |  | 678 |
Total lease liabilities | $ | 861 |  |  | $ | 1,047 |
Schedule of Components of Lease Expense, Weighted Average Lease Terms and Discount Rates and Supplemental Cash Flow Information | The components of lease expense were as follows (in millions):
| Consolidated Statement of Comprehensive Income (Loss) Classification |  | Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022
Lease costs: |  |  |  |  |  |  |
Operating lease costs | Commission, transportation and other |  | $ | 208 |  |  | $ | 183 |  |  | $ | 127 |
Operating lease costs | Other operating expenses |  | 14 |  |  | 22 |  |  | 22 |
Operating lease costs | Marketing, selling and administrative expenses |  | 19 |  |  | 21 |  |  | 19 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of right-of-use-assets | Depreciation and amortization expenses |  | 13 |  |  | 22 |  |  | 24 |
Interest on lease liabilities | Interest expense, net of interest capitalized |  | 30 |  |  | 30 |  |  | 22 |
Total lease costs |  |  | $ | 284 |  |  | $ | 278 |  |  | $ | 214 |
The weighted average of the remaining lease terms and weighted average discount rates are as follows:
| As of December 31, 2024 |  | As of December 31, 2023
Weighted average of the remaining lease term in years |  |  |
Operating leases | 17.96 |  | 19.43
Finance leases | 47.54 |  | 23.92
Weighted average discount rate |  |  |
Operating leases | 7.23 | % |  | 7.53 | %
Finance leases | 6.90 | % |  | 5.83 | %
Supplemental cash flow information related to leases is as follows (in millions):
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash flows from operating leases | $ | 232 |  |  | $ | 178 |  |  | $ | 127 |
Operating cash flows from finance leases | 30 |  |  | 30 |  |  | 22 |
Financing cash flows from finance leases | $ | 252 |  |  | $ | 31 |  |  | $ | 48 |
Schedule of Maturities of Operating Lease Liability | As of December 31, 2024, maturities related to lease liabilities were as follows (in millions):
Years | Operating Leases |  | Finance Leases
2025 | $ | 123 |  |  | $ | 15 |
2026 | 117 |  |  | 10 |
2027 | 115 |  |  | 9 |
2028 | 111 |  |  | 9 |
2029 | 64 |  |  | 8 |
Thereafter | 1,009 |  |  | 489 |
Total lease payments | 1,539 |  |  | 540 |
Less: Interest | (795) |  |  | (423) |
Present value of lease liabilities | $ | 744 |  |  | $ | 117 |
Schedule of Maturities of Finance Lease Liability | As of December 31, 2024, maturities related to lease liabilities were as follows (in millions):
Years | Operating Leases |  | Finance Leases
2025 | $ | 123 |  |  | $ | 15 |
2026 | 117 |  |  | 10 |
2027 | 115 |  |  | 9 |
2028 | 111 |  |  | 9 |
2029 | 64 |  |  | 8 |
Thereafter | 1,009 |  |  | 489 |
Total lease payments | 1,539 |  |  | 540 |
Less: Interest | (795) |  |  | (423) |
Present value of lease liabilities | $ | 744 |  |  | $ | 117 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | rcl_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | rcl_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration