XML 84 R69.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements and Derivative Instruments - Interest Rate Risk (Details)
9 Months Ended
Sep. 30, 2020
USD ($)
Interest Rate Fair Value Hedges [Abstract]  
Long-term debt $ 6,200,000,000
Interest rate swaps | Fair Value Hedging  
Interest Rate Fair Value Hedges [Abstract]  
Long-term debt 702,500,000
Interest rate swaps | Fair Value Hedging | Oasis of the Seas term loan  
Interest Rate Fair Value Hedges [Abstract]  
Long-term debt $ 52,500,000
Debt Fixed Rate 5.41%
Interest rate swaps | Fair Value Hedging | Unsecured senior notes  
Interest Rate Fair Value Hedges [Abstract]  
Long-term debt $ 650,000,000
Debt Fixed Rate 5.25%
Interest rate swaps | Cash flow hedge  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 2,813,602,000
Interest rate swaps | Cash flow hedge | Celebrity Reflection term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 245,437,000
All-in Swap Fixed Rate 2.85%
Interest rate swaps | Cash flow hedge | Quantum of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 398,125,000
All-in Swap Fixed Rate 3.74%
Interest rate swaps | Cash flow hedge | Anthem of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 422,917,000
All-in Swap Fixed Rate 3.86%
Interest rate swaps | Cash flow hedge | Ovation of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 553,333,000
All-in Swap Fixed Rate 3.16%
Interest rate swaps | Cash flow hedge | Harmony of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 542,123,000 [1]
All-in Swap Fixed Rate 2.26% [1]
Interest rate swaps | Cash flow hedge | Odyssey of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 460,000,000 [2]
All-in Swap Fixed Rate 3.20% [2]
Interest rate swaps | Cash flow hedge | Odyssey of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Swap notional amount $ 191,667,000 [2]
All-in Swap Fixed Rate 2.83% [2]
LIBOR | Interest rate swaps | Fair Value Hedging | Oasis of the Seas term loan  
Interest Rate Fair Value Hedges [Abstract]  
Swap Floating Rate: LIBOR plus 3.87%
All-in swap floating rate 4.84%
LIBOR | Interest rate swaps | Fair Value Hedging | Unsecured senior notes  
Interest Rate Fair Value Hedges [Abstract]  
Swap Floating Rate: LIBOR plus 3.63%
All-in swap floating rate 3.91%
LIBOR | Interest rate swaps | Cash flow hedge | Celebrity Reflection term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Debt Floating Rate 0.40%
LIBOR | Interest rate swaps | Cash flow hedge | Quantum of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Debt Floating Rate 1.30%
LIBOR | Interest rate swaps | Cash flow hedge | Anthem of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Debt Floating Rate 1.30%
LIBOR | Interest rate swaps | Cash flow hedge | Ovation of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Debt Floating Rate 1.00%
LIBOR | Interest rate swaps | Cash flow hedge | Odyssey of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Debt Floating Rate 0.95% [2]
LIBOR | Interest rate swaps | Cash flow hedge | Odyssey of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Debt Floating Rate 0.95% [2]
EURIBOR | Interest rate swaps | Cash flow hedge | Harmony of the Seas term loan  
Interest Rate Cash Flow Hedges [Abstract]  
Debt Floating Rate 1.15% [1]
[1] Interest rate swap agreements hedging the Euro-denominated term loan for Harmony of the Seas include EURIBOR zero-floor matching the hedged debt EURIBOR zero-floor. Amount presented is based on the exchange rate as of September 30, 2020.
[2] Interest rate swap agreements hedging the term loan of Odyssey of the Seas include LIBOR zero-floors matching the debt LIBOR zero-floor. The effective dates of the $460.0 million and $191.7 million interest rate swap agreements are October 2020 and October 2022, respectively. The anticipated unsecured term loan for the financing of Odyssey of the Seas was initially expected to be drawn in October 2020. However, due to the impact of COVID-19 to shipyard operations, there is a delay in the ship delivery.