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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2012
Schedule of Estimated Fair Value of Partnership's Financial Instruments on Recurring Basis | The following table includes the estimated fair value and carrying value of those assets and liabilities that are measured at fair value on a recurring and non-recurring basis, as well as the estimated fair value of the Partnership’s financial instruments that are not accounted for at a fair value on a recurring basis.
|  |  |  |  | December 31, 2012 |  |  | December 31, 2011 |
|  | Fair Value Hierarchy Level |  |  | Carrying Amount Asset (Liability) $ |  |  | Fair Value Asset (Liability) $ |  |  | Carrying Amount Asset (Liability) $ |  |  | Fair Value Asset (Liability) $ |
Recurring: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents and restricted cash |  |  | Level 1 |  |  |  | 642,166 |  |  |  | 642,166 |  |  |  | 589,261 |  |  |  | 589,261 |
Derivative instruments (note 13) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements – assets |  |  | Level 2 |  |  |  | 165,687 |  |  |  | 165,687 |  |  |  | 159,603 |  |  |  | 159,603 |
Interest rate swap agreements – liabilities |  |  | Level 2 |  |  |  | (304,220 | ) |  |  | (304,220 | ) |  |  | (304,066 | ) |  |  | (304,066 | )
Cross currency swap agreement |  |  | Level 2 |  |  |  | (2,623 | ) |  |  | (2,623 | ) |  |  | — |  |  |  | — |
Other derivative |  |  | Level 3 |  |  |  | 1,100 |  |  |  | 1,100 |  |  |  | (600 | ) |  |  | (600 | )
Other: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advances to joint venture partner (note 8) |  |  |  | (1) |  |  | 14,004 |  |  |  |  | (1) |  |  | 10,200 |  |  |  |  | (1)
Long-term debt – public (note 10) |  |  | Level 1 |  |  |  | (125,791 | ) |  |  | (129,439 | ) |  |  | — |  |  |  | — |
Long-term debt – non-public (note 10) |  |  | Level 2 |  |  |  | (1,287,562 | ) |  |  | (1,170,788 | ) |  |  | (1,315,231 | ) |  |  | (1,191,117 | )
(1) | The advances from the Teekay Tangguh Joint Venture to the joint venture partner together with the joint venture partner’s equity investment in the Teekay Tangguh Joint Venture form the net aggregate carrying value of the joint venture partner’s interest in the Teekay Tangguh Joint Venture in these consolidated financial statements. The fair value of the individual components of such aggregate interest is not determinable.
Changes in Fair Value of Assets (Liabilities) Measured on Recurring Basis Using Significant Unobservable Inputs (Level 3) | Changes in fair value during the years ended December 31, 2012 and 2011 for the Partnership’s other derivative liability, the Toledo Spirit time-charter derivative, that is measured at fair value on a recurring basis using significant unobservable inputs (Level 3), are as follows:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |
|  | $ |  |  | $ |
Fair value at beginning of period |  |  | (600 | ) |  |  | (10,000 | )
Realized and unrealized gains included in earnings |  |  | 2,607 |  |  |  | 9,307 |
Settlements |  |  | (907 | ) |  |  | 93 |
Fair value at end of period |  |  | 1,100 |  |  |  | (600 | )
Summary of Partnership's Loan Receivables and Other Financing Receivables | The following table contains a summary of the Partnership’s loan receivables and other financing receivables by type of borrower and the method by which the Partnership monitors the credit quality of its financing receivables on a quarterly basis:
Class of Financing Receivable |  | Credit Quality Indicator |  | Grade |  | December 31, 2012 $ |  |  | December 31, 2011 $ |
Direct financing leases |  | Payment activity |  | Performing |  |  | 403,386 |  |  |  | 409,541 |
Other receivables |  |  |  |  |  |  |  |  |  |  |  |
Long-term receivable included in other assets |  | Payment activity |  | Performing |  |  | 1,704 |  |  |  | 786 |
Advances to joint venture included in investment in and advances to joint ventures |  | Payment activity |  | Performing |  |  | — |  |  |  | 830 |
Advances to joint venture partner (note 8) |  | Other internal metrics |  | Performing |  |  | 14,004 |  |  |  | 10,200 |
|  |  |  |  |  |  | 419,094 |  |  |  | 421,357 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=7880640&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
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