Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Note 4. Earnings Per Share

Basic and diluted earnings per share is as follows (in millions, except per share data):

	Quarter Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net Income attributable to Royal Caribbean Cruises Ltd. for basic earnings per share	$	854	$	459	$	1,214	$	411
Add convertible notes interest	19		21		38		4
Net Income attributable to Royal Caribbean Cruises Ltd. for diluted earnings per share	873		480		1,252		415
Weighted-average common shares outstanding	257		256		257		256
Dilutive effect of stock-based awards	1		—		1		—
Dilutive effect of convertible notes	23		26		23		3
Diluted weighted-average shares outstanding	281		282		281		259
Basic earnings per share	$	3.32	$	1.79	$	4.72	$	1.61
Diluted earnings per share	$	3.11	$	1.70	$	4.46	$	1.60

There were no antidilutive shares from our stock-based awards and convertible notes for the quarters ended June 30, 2024 and 2023. In addition, there were no antidilutive shares for the six months ended June 30, 2024, and approximately 25,459,641 antidilutive shares for the six months ended June 30, 2023.