v3.25.4
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment
Property and equipment consists of the following (in millions):
As of December 31,
20252024
Ships$45,108 $41,046 
Ship improvements2,663 2,491 
Ships under construction1,312 1,048 
Land, buildings and improvements, including leasehold improvements and port facilities1,519 887 
Computer hardware and software, transportation equipment and other2,070 1,668 
Total property and equipment52,672 47,140 
Less—accumulated depreciation and amortization
(16,976)(15,309)
$35,696 $31,831