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Operating and Direct Financing Leases (Tables) | 12 Months Ended
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Dec. 31, 2017
Leases [Abstract] |
Estimated Future Minimum Rental Payments to be Received and Paid Under Lease Contracts | As at December 31, 2017, the total estimated future minimum rental payments to be received and paid under the lease contracts are as follows:
Year | Head Lease Receipts(1) $ |  | Sublease Payments(1)(2) $
2018 | 21,242 |  |  | 23,875 |
2019 | 21,242 |  |  | 23,875 |
2020 | 21,242 |  |  | 23,875 |
2021 | 21,242 |  |  | 23,875 |
2022 | 21,242 |  |  | 23,875 |
Thereafter | 132,853 |  |  | 149,360 |
Total | 239,063 |  |  | 268,735 |
(1) | The Head Leases are fixed-rate operating leases while the Subleases have a small variable-rate component. As at December 31, 2017, Teekay LNG had received $271.3 million of aggregate Head Lease receipts and had paid $212.1 million of aggregate Sublease payments. The portion of the Head Lease receipts that has not been recognized into earnings, are deferred and amortized on a straight-line basis over the lease terms and, as at December 31, 2017, $3.7 million (December 31, 2016 - $3.7 million) and $33.0 million (December 31, 2016 - $36.7 million) of Head Lease receipts had been deferred and included in accrued liabilities and other and other long-term liabilities, respectively, in the Company’s consolidated balance sheets.
(2) | The amount of payments under the Subleases is updated annually to reflect any changes in the lease payments due to changes in tax law.
Net Investments in Direct Financing Leases | The following table lists the components of the net investments in direct financing leases:
| December 31, 2017 $ |  | December 31, 2016(1) $
Total minimum lease payments to be received | 568,710 |  |  | 777,334 |
Estimated unguaranteed residual value of leased properties | 194,965 |  |  | 203,465 |
Initial direct costs and other | 361 |  |  | 393 |
Less unearned revenue | (268,046 | ) |  | (320,598 | )
Total | 495,990 |  |  | 660,594 |
Less current portion | (9,884 | ) |  | (154,759 | )
Long-term portion | 486,106 |  |  | 505,835 |
(1) The direct financing leases for one FSO unit and certain VOC equipment as at December 31, 2016 totaling $17.6 million as of that date related to Teekay Offshore, which was deconsolidated on September 25, 2017.

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- Definition Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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