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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of initial fixed
$100 investment
based on:
Fiscal
Year
SCT Total
Compensation
for PEO(1)
($)
Compensation
Actually Paid
to PEO(2)
($)
SCT Total
Compensation
for Former
PEO
($)
Compensation
Actually Paid to
Former PEO
($)
Average
SCT Total
Compensation
for Non-PEO
NEOs(3)
($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs(2)
($)
Company
TSR(4)
($)
Peer
Group
TSR(4)
($)
Net
Income
(5)
($M)
Adjusted
EPS(6)
($)
2024
19,497,820
76,584,558
–
–
5,993,706
20,032,360
175.31
170.51
2,877
11.80
2023
17,216,276
44,177,396
n/a
n/a
6,694,683
15,584,264
97.95
141.75
1,697
6.77
2022
10,764,258
3,846,340
300,006
(4,371,814)
4,738,954
1,390,884
37.39
116.17
(2,156)
(6.82)
2021
–
–
15,812,027
15,310,661
11,154,402
10,506,637
58.17
127.35
(5,261)
(19.19)
2020
–
–
12,083,504
(462,571)
5,360,290
498,183
56.50
101.09
(5,798)
(18.31)
        
Company Selected Measure Name Adjusted Earnings (Loss) per Share        
Named Executive Officers, Footnote (1)Reflects total compensation of our current CEO, Mr. Jason Liberty, as calculated in the Summary Compensation Table (SCT). (3)Reflects the average total compensation of our non-PEO NEOs, as calculated in the SCT for each of the years shown. Our non-PEO
NEOs included in the table above are the following individuals: for 2024: Naftali Holtz, Michael Bayley, Harri U. Kulovaara, and Laura
Hodges Bethge; for 2023: Naftali Holtz, Michael Bayley, Lisa Lutoff-Perlo, Harri U. Kulovaara, and Laura Hodges Bethge; for 2022: Naftali
Holtz, Michael Bayley, Lisa Lutoff-Perlo, and Harri U. Kulovaara; for 2021: Jason Liberty, Michael W. Bayley, Lisa Lutoff-Perlo and Harri U.
Kulovaara; and for 2020: Jason Liberty, Michael W. Bayley, Lisa Lutoff-Perlo and Harri U. Kulovaara. 		       
Peer Group Issuers, Footnote (4)Pursuant to SEC rules, the TSR figures assume an initial investment of $100 on December 31, 2019. As permitted by SEC rules, the peer
group referenced for purpose of the TSR comparison is the group of companies included in the Dow Jones U.S. Travel and Leisure
Index, which is the industry peer group used for purposes of Item 201(e) of Regulation S-K. The separate peer group used by the Talent
and Compensation Committee for purposes of determining compensation paid to our executive officers is described on page 52. 		       
Adjustment To PEO Compensation, Footnote The dollar amounts shown in these columns reflect “compensation actually paid” to the NEOs calculated in accordance with SEC rules.
As required, the dollar amounts include (among other items) unpaid amounts of equity compensation that may be realizable in future
periods, and as such, the dollar amounts shown do not fully represent the actual final amount of compensation earned or actually paid to
either individual during the applicable years. The adjustments made to each officer’s total compensation for each year to determine CAP
are shown in the table below. For Mr. Liberty, information is only included with respect to 2022 through 2024, the years in which he served
as CEO.
2024
2023
2022
2021
2020
Current PEO
($)
Current PEO
($)
Current PEO
($)
Former PEO
($)
Former PEO
($)
Former PEO
($)
Total Reported in Summary Compensation
Table (SCT)
19,497,820
17,216,276
10,764,258
300,006
15,812,027
12,083,504
Deduct Change in Pension Value and
NQDC Earnings Reported in SCT
–
–
–
–
(156,971)
(154,879)
Add Pension Service Cost and Impact of
Pension Plan Amendments
–
–
–
–
–
Deduct Value of Stock Awards Reported in
SCT
(12,999,935)
(11,500,037)
(7,000,056)
(200,006)
(11,250,070)
(11,171,146)
Add Year-End Fair Value of Awards
Granted in Fiscal Year that are Unvested
and Outstanding
28,517,206
24,266,273
4,336,000
–
10,198,401
7,624,579
Add Change in Fair Value of Prior Year
Awards that are Outstanding and Unvested
41,497,491
13,323,495
(4,049,875)
(4,835,434)
292,027
(5,771,819)
Add Change in Fair Value (from Prior Year-
End) of Prior Year Awards that Vested in
Year
71,976
871,390
–
252,107
–
–
Add Fair Value of Awards Granted in Fiscal
Year that Vested in the Same Fiscal Year
–
–
(203,987)
111,514
415,247
(3,072,810)
Deduct Prior Year Fair Value of Prior Year
Awards that Failed to Vest this Year
–
–
–
–
–
–
Total Adjustments
57,086,738
26,961,121
(6,917,918)
(4,671,820)
(501,366)
(12,546,075)
Compensation Actually Paid for Fiscal Year
76,584,558
44,177,396
3,846,340
(4,371,814)
15,310,661
(462,571)
        
Non-PEO NEO Average Total Compensation Amount $ 5,993,706 $ 6,694,683 $ 4,738,954 $ 11,154,402 $ 5,360,290
Non-PEO NEO Average Compensation Actually Paid Amount $ 20,032,360 15,584,264 1,390,884 10,506,637 498,183
Adjustment to Non-PEO NEO Compensation Footnote The dollar amounts shown in these columns reflect “compensation actually paid” to the NEOs calculated in accordance with SEC rules.
As required, the dollar amounts include (among other items) unpaid amounts of equity compensation that may be realizable in future
periods, and as such, the dollar amounts shown do not fully represent the actual final amount of compensation earned or actually paid to
either individual during the applicable years. The adjustments made to each officer’s total compensation for each year to determine CAP
are shown in the table below. For Mr. Liberty, information is only included with respect to 2022 through 2024, the years in which he served
as CEO.
2024
2023
2022
2021
2020
Other NEOs
($)
Other NEOs
($)
Other NEOs
($)
Other NEOs
($)
Other NEOs
($)
Total Reported in Summary Compensation
Table (SCT)
5,993,706
6,694,683
4,738,954
11,154,402
5,360,290
Deduct Change in Pension Value and
NQDC Earnings Reported in SCT
–
–
(80,359)
(93,950)
Add Pension Service Cost and Impact of
Pension Plan Amendments
–
–
–
–
Deduct Value of Stock Awards Reported in
SCT
(2,988,569)
(3,329,581)
(2,662,507)
(8,812,501)
(3,093,676)
Add Year-End Fair Value of Awards Granted
in Fiscal Year that are Unvested and
Outstanding
6,498,566
7,007,819
1,649,220
7,988,699
2,160,278
Add Change in Fair Value of Prior Year
Awards that are Outstanding and Unvested
10,535,629
4,686,454
(2,150,970)
96,223
(2,576,592)
Add Change in Fair Value (from Prior Year-
End) of Prior Year Awards that Vested in
Year
(6,973)
524,889
–
–
–
Add Fair Value of Awards Granted in Fiscal
Year that Vested in the Same Fiscal Year
–
–
(183,813)
160,173
(1,258,168)
Deduct Prior Year Fair Value of Prior Year
Awards that Failed to Vest this Year
–
–
–
–
–
Total Adjustments
14,038,654
8,889,581
(3,348,070)
(647,765)
(4,862,107)
Compensation Actually Paid for Fiscal Year
20,032,360
15,584,264
1,390,884
10,506,637
498,183
        
Compensation Actually Paid vs. Total Shareholder Return
7136
        
Compensation Actually Paid vs. Net Income
7138
        
Compensation Actually Paid vs. Company Selected Measure
7140
        
Tabular List, Table
Adjusted EPS
ROIC
Leverage (Net Debt/Adjusted EBITDA)
        
Total Shareholder Return Amount $ 175.31 97.95 37.39 58.17 56.50
Peer Group Total Shareholder Return Amount 170.51 141.75 116.17 127.35 101.09
Net Income (Loss) $ 2,877,000,000 $ 1,697,000,000 $ (2,156,000,000) $ (5,261,000,000) $ (5,798,000,000)
Company Selected Measure Amount | $ / shares 11.80 6.77 (6.82) (19.19) (18.31)
Additional 402(v) Disclosure Reflects after-tax net income (loss) attributable to shareholders prepared in accordance with GAAP for each of the years shown.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EPS        
Non-GAAP Measure Description (6)Adjusted Earnings (Loss) per Share is a non-GAAP financial measure that represents Adjusted Net Income (Loss) divided by weighted
average shares outstanding or by diluted weighted average shares outstanding, as applicable. Adjusted Net Income (Loss) represents
net income (loss) less net income attributable to noncontrolling interest, excluding certain items for which we believe adjusting for is
meaningful when assessing our performance on a comparative basis. Refer to the Annex of this Proxy Statement.
        
Measure:: 2          
Pay vs Performance Disclosure          
Name ROIC        
Measure:: 4          
Pay vs Performance Disclosure          
Name Leverage (Net Debt/Adjusted EBITDA)        
Mr. Jason Liberty [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 19,497,820 $ 17,216,276 $ 10,764,258 $ 0 $ 0
PEO Actually Paid Compensation Amount $ 76,584,558 44,177,396 3,846,340 0 0
PEO Name Mr. Jason Liberty        
Mr. Richard Fain [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount     300,006 15,812,027 12,083,504
PEO Actually Paid Compensation Amount     (4,371,814) 15,310,661 (462,571)
PEO | Mr. Jason Liberty [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 57,086,738 26,961,121 (6,917,918)    
PEO | Mr. Jason Liberty [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0    
PEO | Mr. Jason Liberty [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0    
PEO | Mr. Jason Liberty [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (12,999,935) (11,500,037) (7,000,056)    
PEO | Mr. Jason Liberty [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 28,517,206 24,266,273 4,336,000    
PEO | Mr. Jason Liberty [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 41,497,491 13,323,495 (4,049,875)    
PEO | Mr. Jason Liberty [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (203,987)    
PEO | Mr. Jason Liberty [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 71,976 871,390 0    
PEO | Mr. Jason Liberty [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0    
PEO | Mr. Richard Fain [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (4,671,820) (501,366) (12,546,075)
PEO | Mr. Richard Fain [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 (156,971) (154,879)
PEO | Mr. Richard Fain [Member] | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 0 0
PEO | Mr. Richard Fain [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (200,006) (11,250,070) (11,171,146)
PEO | Mr. Richard Fain [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 10,198,401 7,624,579
PEO | Mr. Richard Fain [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     (4,835,434) 292,027 (5,771,819)
PEO | Mr. Richard Fain [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     111,514 415,247 (3,072,810)
PEO | Mr. Richard Fain [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     252,107 0 0
PEO | Mr. Richard Fain [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount     0 0 0
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,038,654 8,889,581 (3,348,070) (647,765) (4,862,107)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (80,359) (93,950)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,988,569) (3,329,581) (2,662,507) (8,812,501) (3,093,676)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,498,566 7,007,819 1,649,220 7,988,699 2,160,278
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 10,535,629 4,686,454 (2,150,970) 96,223 (2,576,592)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 (183,813) 160,173 (1,258,168)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,973) 524,889 0 0 0
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0