XML 35 R62.htm IDEA: XBRL DOCUMENT v3.19.3
Fair Value Measurements and Derivative Instruments - Derivative Instruments, Interest Rate Risk, Foreign Currency Exchange Rate Risk (Narrative) (Details)
$ in Thousands, € in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2019
EUR (€)
Sep. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2018
EUR (€)
Sep. 30, 2019
EUR (€)
Gains and losses from derivatives involved in hedging relationships                
Derivative instrument, credit risk exposure     $ 800     $ 5,600    
Maximum length of time hedged in derivative contract     3 years 3 years        
Percentage of debt bearing fixed interest 66.10%   66.10%     59.10%   66.10%
Interest rate swaps                
Gains and losses from derivatives involved in hedging relationships                
Derivative, notional amount $ 3,600,000   $ 3,600,000     $ 3,400,000    
Forward Contracts                
Gains and losses from derivatives involved in hedging relationships                
Change in fair value of foreign currency forward contracts recognized in earnings (26,000) $ (12,100) (25,200)   $ (43,400)      
Forward Contracts | Not Designated                
Gains and losses from derivatives involved in hedging relationships                
Derivative, notional amount 725,400   725,400          
Foreign exchange contracts                
Gains and losses from derivatives involved in hedging relationships                
Derivative, notional amount 3,000,000   3,000,000     $ 3,200,000    
Cruise ships on order                
Gains and losses from derivatives involved in hedging relationships                
Aggregate cost of ships on order, not including partner brands on order     11,100,000          
Amount deposited for cost of ships on order $ 705,500   $ 705,500          
Percentage of aggregate cost exposed to fluctuations in the euro exchange rate 57.90%   57.90%     53.50%   57.90%
TUI Cruises | Forward Contracts | Designated as Hedging Instrument                
Gains and losses from derivatives involved in hedging relationships                
Derivative, notional amount $ 188,600   $ 188,600         € 173.0
Foreign currency debt                
Gains and losses from derivatives involved in hedging relationships                
Carrying value of non-derivative instrument designated as hedging instrument     311,797     $ 320,152    
Foreign currency debt | TUI Cruises                
Gains and losses from derivatives involved in hedging relationships                
Carrying value of non-derivative instrument designated as hedging instrument     $ 311,800 € 286.0   $ 320,200 € 280.0