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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total revenues $ 3,728 $ 2,886
Cruise operating expenses:    
Total cruise operating expenses 2,056 1,793
Marketing, selling and administrative expenses 535 461
Depreciation and amortization expenses 387 360
Operating Income 750 272
Other income (expense):    
Interest income 5 15
Interest expense, net of interest capitalized (424) (360)
Equity investment income 41 20
Other (expense) income (8) 5
Total other income (expense) (386) (320)
Net Income (Loss) 364 (48)
Less: Net Income attributable to noncontrolling interest 4 0
Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. $ 360 $ (48)
Earnings (Loss) per Share:    
Basic (in dollars per share) $ 1.40 $ (0.19)
Diluted (in dollars per share) $ 1.35 $ (0.19)
Weighted-Average Shares Outstanding:    
Basic (in shares) 257 255
Diluted (in shares) 281 255
Comprehensive Income (Loss)    
Net Income (Loss) $ 364 $ (48)
Other comprehensive income (loss):    
Foreign currency translation adjustments 4 (7)
Change in defined benefit plans 9 4
Gain (loss) on cash flow derivative hedges 44 (32)
Total other comprehensive income (loss) 57 (35)
Comprehensive Income (Loss) 421 (83)
Less: Comprehensive Income attributable to noncontrolling interest 4 0
Comprehensive Income (Loss) attributable to Royal Caribbean Cruises Ltd. 417 (83)
Passenger ticket revenues    
Total revenues 2,542 1,897
Onboard and other revenues    
Total revenues 1,186 989
Cruise operating expenses:    
Total cruise operating expenses 193 159
Commissions, transportation and other    
Cruise operating expenses:    
Total cruise operating expenses 498 403
Payroll and related    
Cruise operating expenses:    
Total cruise operating expenses 318 310
Food    
Cruise operating expenses:    
Total cruise operating expenses 221 199
Fuel    
Cruise operating expenses:    
Total cruise operating expenses 304 302
Other operating    
Cruise operating expenses:    
Total cruise operating expenses $ 522 $ 420