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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract]  
Summarized Dry docking activity
                         
    Year ended December 31,  
    2011
$		     2010
$		     2009
$		  

Balance at the beginning of the year

     143,103       172,053       154,613  

Costs incurred for dry docking

     60,484       57,156       79,482  

Dry dock amortization

     (74,600 )      (86,106 )      (62,042 ) 
   

 

 

    

 

 

    

 

 

  

Balance at the end of the year

     128,987       143,103       172,053  
   

 

 

    

 

 

    

 

 

  
Summary of financing receivables
                         

Class of Financing Receivable

   Credit Quality Indicator   Grade   December 31,
2011
$		     December 31,
2010
$		  

Direct financing leases

   Payment activity   Performing     459,908       487,516  

Other loan receivables

                        

Investment in term loans and interest receivable

   Collateral   Performing     188,616       117,825  

Loans to joint ventures and joint venture partners (1)

   Other internal metrics   Performing     36,002       33,932  

Long-term receivable included in other assets

   Payment activity   Performing     786       410  
           

 

 

    

 

 

  
              685,312       639,683  
           

 

 

    

 

 

  

 

  (1) 

The Company’s subsidiary Teekay LNG Partners L.P. (or Teekay LNG) owns a 99% interest in Teekay Tangguh Borrower LLC (or Teekay Tangguh), which owns a 70% interest in Teekay BLT Corporation (or Teekay Tangguh Subsidiary). Subsequent to December 31, 2011, one of Teekay LNG’s joint venture partner’s parent company, PT Berlian Laju Tanker (or BLT), suspended trading on the Jakarta Stock Exchange, and filed for bankruptcy protection in order to restructure its debts. The Company believes the loans to BLT and Teekay LNG’s joint venture partner, BLT LNG Tangguh Corporation, totaling $19.1 million as at December 31, 2011 (2010—$20.2 million) are still collectible given the expected cash flows anticipated to be generated by the Teekay Tangguh Subsidiary that can be used to repay the loan and given the underlying collateral securing the loans to BLT.

Accumulated other comprehensive (loss) income
                                 
   

Qualifying Cash

Flow Hedging
Instruments

    

Pension

Adjustments

     Unrealized Gain on
Available for Sale
Marketable Securities		     Total  
    $     $     $     $  

Balance as of December 31, 2008

     (58,723 )      (23,338 )      —         (82,061 ) 

Other comprehensive income

     61,646       13,044       5,837       80,527  
   

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2009

     2,923       (10,294 )      5,837       (1,534 ) 

Other comprehensive (loss) income

     (628 )      (7,245 )      1,236       (6,637 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2010

     2,295       (17,539 )      7,073       (8,171 ) 

Other comprehensive (loss) income

     (2,601 )      (5,402 )      (7,729 )      (15,732 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2011

     (306 )      (22,941 )      (656 )      (23,903 )