v3.25.4
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Paid-in Capital
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Treasury Stock
Noncontrolling Interest
Beginning balance at Dec. 31, 2022 $ 2,869 $ 3 $ 7,285 $ (1,707) $ (644) $ (2,068) $ 0
Increase (Decrease) in Stockholders' Equity              
Activity related to employee stock plans 130   130        
Convertible notes settlements 13   13        
Changes related to cash flow derivative hedges (27)       (27)    
Change in defined benefit plans 6       6    
Foreign currency translation adjustments (9)       (9)    
Repurchase of common stock (1)         (1)  
Sale of noncontrolling interests 220   46       174
Net Income attributable to Noncontrolling interests 7           7
Dividends from noncontrolling interests (6)           (6)
Net Income attributable to Royal Caribbean Cruises Ltd. 1,697     1,697      
Ending balance at Dec. 31, 2023 4,899 3 7,474 (10) (674) (2,069) 175
Increase (Decrease) in Stockholders' Equity              
Activity related to employee stock plans 253   253        
Common stock dividends (255)     (255)      
Convertible notes settlements 104   104        
Changes related to cash flow derivative hedges (157)       (157)    
Change in defined benefit plans 12       12    
Foreign currency translation adjustments 17       17    
Repurchase of common stock (12)         (12)  
Net Income attributable to Noncontrolling interests 18           18
Other activity attributable to noncontrolling interest (21)           (21)
Net Income attributable to Royal Caribbean Cruises Ltd. 2,877     2,877      
Ending balance at Dec. 31, 2024 7,735 3 7,831 2,612 (802) (2,081) 172
Increase (Decrease) in Stockholders' Equity              
Activity related to employee stock plans 139   139        
Common stock dividends (955)     (955)      
Convertible notes settlements (6)   (6)        
Changes related to cash flow derivative hedges 228       228    
Change in defined benefit plans (4)       (4)    
Foreign currency translation adjustments (26)       (26)    
Repurchase of common stock (1,170)         (1,170)  
Net Income attributable to Noncontrolling interests 23           23
Other activity attributable to noncontrolling interest 13           13
Net Income attributable to Royal Caribbean Cruises Ltd. 4,268     4,268      
Ending balance at Dec. 31, 2025 $ 10,245 $ 3 $ 7,964 $ 5,925 $ (604) $ (3,251) $ 208