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Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value Disclosures [Abstract] |
Summary of Partnership's Financing receivables and Direct financing leases | The following table includes the amortized cost basis of the Partnership’s direct interests in financing receivables and net investment in direct financing leases by class of financing receivables and by period of origination and their associated credit quality as at September 30, 2021 and December 31, 2020.
|  | Amortized Cost Basis by Origination Year |
|  | Credit Quality Grade (1) |  | 2020 |  | 2018 |  | 2016 and prior |  | Total
As at September 30, 2021 |  |  | $ |  | $ |  | $ |  | $
Direct financing leases |  |  |  |  |  |  |  |  |  |
Tangguh Hiri and Tangguh Sago |  | Performing |  | — |  | — |  | 322,949 |  | 322,949
Bahrain Spirit |  | Performing |  | — |  | 210,190 |  | — |  | 210,190
|  |  |  | — |  | 210,190 |  | 322,949 |  | 533,139
Loans to equity-accounted joint ventures |  |  |  |  |  |  |  |  |  |
Exmar LPG Joint Venture |  | Performing |  | — |  | — |  | 32,266 |  | 32,266
Bahrain LNG Joint Venture |  | Performing |  | — |  | — |  | 73,375 |  | 73,375
Other |  | Performing |  | 660 |  | — |  | — |  | 660
|  |  |  | 660 |  | — |  | 105,641 |  | 106,301
|  |  |  | 660 |  | 210,190 |  | 428,590 |  | 639,440
As at December 31, 2020 |  |  |  |  |  |  |  |  |  |
Direct financing leases |  |  |  |  |  |  |  |  |  |
Tangguh Hiri and Tangguh Sago |  | Performing |  | — |  | — |  | 332,308 |  | 332,308
Bahrain Spirit |  | Performing |  | — |  | 211,939 |  | — |  | 211,939
|  |  |  | — |  | 211,939 |  | 332,308 |  | 544,247
Loans to equity-accounted joint ventures |  |  |  |  |  |  |  |  |  |
Exmar LPG Joint Venture |  | Performing |  | — |  | — |  | 42,266 |  | 42,266
Bahrain LNG Joint Venture |  | Performing |  | — |  | — |  | 73,375 |  | 73,375
Other |  | Performing |  | 991 |  | — |  | — |  | 991
|  |  |  | 991 |  | — |  | 115,641 |  | 116,632
|  |  |  | 991 |  | 211,939 |  | 447,949 |  | 660,879
Financing Receivable, Allowance for Credit Loss | Changes in the Partnership's allowance for credit losses for the three and nine months ended September 30, 2021 and 2020 are as follows:
| Direct Financing Leases (1) (2) $ |  | Direct Financing and Sales-Type Leases and Other within Equity-Accounted Joint Ventures (1) (2) $ |  | Loans to Equity-Accounted Joint Ventures (1) $ |  | Guarantees of Debt (1) $ |  | Total $
Three and Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |
As at December 31, 2020 | 30,177 |  | 54,937 |  | 4,726 |  | 2,080 |  | 91,920
Provision for (reversal of) potential credit losses | 4,436 |  | 6,677 |  | (981) |  | 218 |  | 10,350
As at March 31, 2021 | 34,613 |  | 61,614 |  | 3,745 |  | 2,298 |  | 102,270
Provision for (reversal of) potential credit losses | 787 |  | 722 |  | 255 |  | (298) |  | 1,466
As at June 30, 2021 | 35,400 |  | 62,336 |  | 4,000 |  | 2,000 |  | 103,736
(Reversal of) provision for potential credit losses | (1,400) |  | (1,736) |  | 300 |  | (200) |  | (3,036)
As at September 30, 2021 | 34,000 |  | 60,600 |  | 4,300 |  | 1,800 |  | 100,700
Three and Nine Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |
As at January 1, 2020 | 11,155 |  | 36,292 |  | 3,714 |  | 2,139 |  | 53,300
(Reversal of) provision for potential credit losses | (100) |  | 8,980 |  | — |  | — |  | 8,880
As at March 31, 2020 | 11,055 |  | 45,272 |  | 3,714 |  | 2,139 |  | 62,180
Provision for (reversal of) potential credit losses | 465 |  | (423) |  | 83 |  | (288) |  | (163)
As at June 30, 2020 | 11,520 |  | 44,849 |  | 3,797 |  | 1,851 |  | 62,017
Provision for (reversal of) potential credit losses | 13,805 |  | 7,099 |  | 877 |  | (285) |  | 21,496
As at September 30, 2020 | 25,325 |  | 51,948 |  | 4,674 |  | 1,566 |  | 83,513
Fair Value Measurements, Recurring and Nonrecurring | 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 fair value on a recurring basis.
|  |  |  | September 30, 2021 |  | December 31, 2020
|  | 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 (note 15) |  | Level 1 |  | 155,627 |  |  | 155,627 |  |  | 257,943 |  |  | 257,943 |
Derivative instruments (note 11) |  |  |  |  |  |  |  |  |  |
Interest rate swap agreements – assets |  | Level 2 |  | 1,823 |  |  | 1,823 |  |  | — |  |  | — |
Interest rate swap agreements – liabilities |  | Level 2 |  | (35,401) |  |  | (35,401) |  |  | (75,468) |  |  | (75,468) |
Cross currency swap agreements – assets |  | Level 2 |  | 3,895 |  |  | 3,895 |  |  | 4,505 |  |  | 4,505 |
Cross currency swap agreements – liabilities |  | Level 2 |  | (20,537) |  |  | (20,537) |  |  | (20,022) |  |  | (20,022) |
Non-recurring: |  |  |  |  |  |  |  |  |  |
Vessels and equipment |  | Level 2 |  | — |  |  | — |  |  | 40,717 |  |  | 40,717 |
Other: |  |  |  |  |  |  |  |  |  |
Loans to equity-accounted joint ventures (note 7) |  | (i) |  | 106,301 |  |  | (i) |  | 116,632 |  |  | (i)
Long-term debt – public (note 8) |  | Level 1 |  | (346,246) |  |  | (354,519) |  |  | (352,260) |  |  | (359,581) |
Long-term debt – non-public (note 8) |  | Level 2 |  | (1,039,446) |  |  | (1,061,418) |  |  | (1,119,953) |  |  | (1,137,050) |
Obligations related to finance leases (note 5a) |  | Level 2 |  | (1,287,044) |  |  | (1,363,615) |  |  | (1,340,922) |  |  | (1,456,927) |
(i)The advances to equity-accounted joint ventures together with the Partnership’s equity investments in the joint ventures form the net aggregate carrying value of the Partnership’s interests in the joint ventures in these unaudited consolidated financial statements. The fair values of the individual components of such aggregate interests are not determinable.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=123874694&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + 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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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