XML 94 R78.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies (Details)
€ in Millions
1 Months Ended 12 Months Ended
Nov. 30, 2017
Oct. 31, 2017
USD ($)
Jul. 31, 2017
EUR (€)
berth
Dec. 31, 2017
USD ($)
ship
berth
Dec. 31, 2016
EUR (€)
ship
berth
Oct. 31, 2017
EUR (€)
Commitments and Contingencies            
Maximum borrowing capacity | $       $ 2,600,000,000.0    
Percentage of long-term debt with fixed interest rate       57.40% 40.50%  
Aggregate cost of ships expected to enter service | $       $ 13,300,000,000    
Deposit for the purchase of ships expected to enter service | $       $ 465,700,000    
Percentage of aggregate cost exposed to fluctuations in the euro exchange rate       54.00% 66.70%  
Project edge class ship term loans | Project edge ship I            
Commitments and Contingencies            
Unsecured term loan, construction financing commitment per ship       $ 747,400,000 € 622.6  
Project edge class ship term loans | Project edge ship II            
Commitments and Contingencies            
Unsecured term loan, construction financing commitment per ship       $ 752,800,000 € 627.1  
Project edge class ship term loans | Project edge-class ship            
Commitments and Contingencies            
Bank financing commitment percentage         80.00%  
Percentage of unsecured term loan guaranteed by an export credit agency         100.00%  
Long term debt, stated interest rate (as a percent)         3.23%  
Unsecured term loan, amortization period         12 years  
Royal Caribbean International | Cruise ships on order            
Commitments and Contingencies            
Approximate berths       30,500    
Royal Caribbean International | Cruise ships on order | Quantum-class ship            
Commitments and Contingencies            
Number of ships under construction | ship       2    
Royal Caribbean International | Cruise ships on order | Oasis-class ship            
Commitments and Contingencies            
Number of ships under construction | ship       2    
Celebrity Cruise Ships | Project edge-class ship            
Commitments and Contingencies            
Number of ships under construction | ship         2  
Approximate berths         2,900  
Celebrity Cruise Ships | Cruise ships on order | Two project edge class ships            
Commitments and Contingencies            
Number of ships under construction | ship       4    
Approximate berths       11,700    
Project Icon | Royal Caribbean International            
Commitments and Contingencies            
Approximate berths       5,650    
Bank financing commitment percentage   80.00%       80.00%
Project Icon | Euler Hermes            
Commitments and Contingencies            
Percentage of unsecured term loan guaranteed by an export credit agency   95.00%        
Third and Fourth Edge Class Ships and Fifth Oasis Class Ship            
Commitments and Contingencies            
Bank financing commitment percentage     80.00%      
Percentage of unsecured term loan guaranteed by an export credit agency 100.00%   100.00%      
Third Edge Class Ship | Celebrity Cruise Ships            
Commitments and Contingencies            
Approximate berths     2,900      
Fifth Oasis Class Ship | Royal Caribbean International            
Commitments and Contingencies            
Approximate berths     5,450      
Unsecured Debt | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Unsecured term loan, amortization period     12 years      
Unsecured Debt | Project Icon | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Maximum borrowing capacity   $ 1,700,000,000       € 1,400.0
Percentage of long-term debt with fixed interest rate   75.00%       75.00%
Unsecured term loan, amortization period   12 years        
Unsecured Debt | First Project Icon Class Ship | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Long term debt, stated interest rate (as a percent)   3.56%       3.56%
Unsecured Debt | Second Project Icon Class Ship | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Long term debt, stated interest rate (as a percent)   3.76%       3.76%
Unsecured Debt | Third Edge Class Ship | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Maximum borrowing capacity | €     € 684.2      
Long term debt, stated interest rate (as a percent)     1.28%      
Unsecured Debt | Fourth Edge Class Ship | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Maximum borrowing capacity     € 714.6 $ 857,900,000    
Unsecured Debt | Fifth Oasis Class Ship | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Maximum borrowing capacity     € 1,100.0 $ 1,300,000,000    
Unsecured Debt | Fourth Edge and Fifth Oasis Class Ships | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Long term debt, stated interest rate (as a percent)     3.18%      
Unsecured Debt | Minimum | First Project Icon Class Ship | LIBOR | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Margin on floating rate base (as a percent)   1.10%        
Unsecured Debt | Minimum | Second Project Icon Class Ship | LIBOR | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Margin on floating rate base (as a percent)   1.15%        
Unsecured Debt | Maximum | First Project Icon Class Ship | LIBOR | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Margin on floating rate base (as a percent)   1.15%        
Unsecured Debt | Maximum | Second Project Icon Class Ship | LIBOR | Unsecured term loan maturing twelve years after ship delivery            
Commitments and Contingencies            
Margin on floating rate base (as a percent)   1.20%