XML 65 R55.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value Measurements and Derivative Instruments - Narrative (Details)
€ in Millions, $ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
Sep. 30, 2025
EUR (€)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Sep. 30, 2024
USD ($)
Derivatives, Fair Value [Line Items]          
Derivative instrument, credit risk exposure $ 173        
Maximum length of time hedged in derivative contract 3 years 3 years      
Percentage of debt bearing fixed interest 92.20%   92.30%    
Aggregate cost of ships on order, not including partner brands on order $ 9,700        
Amount deposited for cost of ships on order $ 1,000        
Percentage of aggregate cost exposed to fluctuations in the euro exchange rate 60.00%   43.40%    
TUI Cruises | Foreign Currency Debt          
Derivatives, Fair Value [Line Items]          
Carrying Value $ 809 € 688 $ 921 € 889  
Interest rate swaps          
Derivatives, Fair Value [Line Items]          
Notional amount 1,100   1,200    
Foreign currency forward contracts | Not Designated          
Derivatives, Fair Value [Line Items]          
Notional amount 1,200       $ 989
Foreign currency forward contracts          
Derivatives, Fair Value [Line Items]          
Notional amount $ 1,900   $ 2,700