XML 243 R140.htm IDEA: XBRL DOCUMENT
v3.20.1

Subsequent Events (Details) $ in Thousands, shares in Millions |  |  |  | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 27, 2020 USD ($) | Jan. 28, 2020 USD ($) vessel credit_facility | Jan. 07, 2020 USD ($) | Jan. 07, 2020 USD ($) | Jan. 31, 2020 USD ($) vessel | Dec. 31, 2019 USD ($) vessel | May 31, 2019 USD ($) | Mar. 31, 2020 USD ($) shares | Dec. 31, 2019 USD ($) vessel | Mar. 31, 2019 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($) | Dec. 31, 2017 USD ($) | Dec. 31, 2014 USD ($) | Mar. 24, 2020 USD ($) | Nov. 30, 2015
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity method investment, ownership interest |  |  |  |  |  | 100.00% |  |  | 100.00% |  | 100.00% |  |  |  |  |
Payments for Repurchase of Common Stock |  |  |  |  |  |  |  |  |  |  | $ 25,729 | $ 0 | $ 0 |  |  |
Proceeds from sale of vessels and equipment |  |  |  |  |  |  |  |  |  |  | 31,523 | 28,837 | 73,712 |  |  |
Repayments of Long-term Debt |  |  |  |  |  |  |  |  |  |  | 233,734 | 671,803 | 713,278 |  |  |
Direct financing lease payments received |  |  |  |  |  |  |  |  |  |  | $ 17,073 | 0 | $ 0 |  |  |
Teekay LNG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term of lease (in years) |  |  |  |  |  | 20 years |  |  | 20 years |  | 20 years |  |  |  |  |
Teekay LNG | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of repurchased common units | shares |  |  |  |  |  |  |  | 1.4 |  |  |  |  |  |  |  |
Payments for Repurchase of Common Stock |  |  |  |  |  |  |  | $ 15,300 |  |  |  |  |  |  |  |
Teekay LNG | Bahrain LNG Joint Venture |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity method investment, ownership interest |  |  |  |  |  | 30.00% |  |  | 30.00% |  | 30.00% |  |  |  |  |
Teekay Tankers | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of Vessels To Be Refinanced | vessel |  | 31 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of vessels and equipment |  |  |  |  | $ 40,800 |  |  |  |  |  |  |  |  |  |  |
Gain (Loss) on Disposition of Assets |  |  |  |  |  |  |  | $ 2,700 |  |  |  |  |  |  |  |
WilPride And WilForce LNG Carriers [Member] | Teekay LNG | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase Obligation And Deferred Hire Amounts |  |  | $ 260,000 | $ 260,000 |  |  |  |  |  |  |  |  |  |  |  |
Number of vessels |  |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |
Repayments of Debt |  |  |  | 157,000 |  |  |  |  |  |  |  |  |  |  |  |
Increase (Decrease) in Liquidity |  |  |  | $ 100,000 |  |  |  |  |  |  |  |  |  |  |  |
Suezmax | Teekay Tankers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of vessels | vessel |  |  |  |  |  | 2 |  |  | 1 |  |  |  |  |  |  |
Proceeds from sale of vessels and equipment |  |  |  |  |  | $ 38,000 |  |  |  |  |  |  |  |  |  |
FPSO | Teekay Parent [Member] | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating lease arrangement period, lessor (in years) | 10 years |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Direct financing lease payments received | $ 67,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Notes (8.5%) due January 15, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayments of senior debt |  |  |  |  |  |  | $ 460,900 |  |  | $ 10,900 |  | $ 84,100 |  | $ 57,300 |  |
Debt interest rate |  |  |  |  |  | 8.50% |  |  | 8.50% |  | 8.50% | 8.50% |  |  |  | 8.50%
Senior Notes (8.5%) due January 15, 2020 | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayments of Long-term Debt |  |  |  |  | $ 36,700 |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  | $ 890,700 |  |  | $ 890,700 |  | $ 890,700 |  |  |  |  |
Revolving Credit Facility | Teekay LNG |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  | $ 225,000 |  |  | $ 225,000 |  | $ 225,000 |  |  |  |  |
Revolving Credit Facility | Teekay LNG | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 225,000 |
Revolving Credit Facility | Revolving Credit Facility | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit facility, maximum borrowing capacity |  | $ 532,800 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility | Revolving Credit Facility | Teekay Tankers | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt Instrument, Term |  | 5 years |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayments of Debt |  | $ 455,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of debt instruments | credit_facility |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Suezmax | Teekay Tankers | Subsequent Events |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number Of Vessels Sold | vessel |  |  |  |  | 2 |  |  |  |  |  |  |  |  |  |  |

X
- Definition Increase (Decrease) in Liquidity + References No definition available. + Details
Name: | tk_IncreaseDecreaseinLiquidity
Namespace Prefix: | tk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of debt instruments. + References No definition available. + Details
Name: | tk_NumberOfDebtInstruments
Namespace Prefix: | tk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number Of Vessels + References No definition available. + Details
Name: | tk_NumberOfVessels
Namespace Prefix: | tk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of vessels sold during the period. + References No definition available. + Details
Name: | tk_NumberOfVesselsSold
Namespace Prefix: | tk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of Vessels To Be Refinanced + References No definition available. + Details
Name: | tk_NumberofVesselsToBeRefinanced
Namespace Prefix: | tk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Purchase Obligation And Deferred Hire Amounts + References No definition available. + Details
Name: | tk_PurchaseObligationAndDeferredHireAmounts
Namespace Prefix: | tk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 + Details
Name: | us-gaap_GainLossOnDispositionOfAssets1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Term of lessor's direct financing lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919359-209981 + Details
Name: | us-gaap_LessorDirectFinancingLeaseTermOfContract1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | instant

X
- Definition Term of lessor's operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=119202524&loc=SL77919359-209981 + Details
Name: | us-gaap_LessorOperatingLeaseTermOfContract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The interest rate applicable to the portion of the carrying amount of long-term borrowings outstanding as of the balance sheet date, including current maturities, which accrues interest at a set, unchanging rate. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtPercentageBearingFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Units that were previously issued and have been repurchased during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187171-122770 + Details
Name: | us-gaap_PartnersCapitalAccountUnitsTreasury
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash outflow to reacquire common stock during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585 + Details
Name: | us-gaap_PaymentsForRepurchaseOfCommonStock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cash inflows from lease payments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=77888421&loc=SL77919320-209978 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 45 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=77888421&loc=SL77919327-209978 + Details
Name: | us-gaap_ProceedsFromLeasePayments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3179-108585 + Details
Name: | us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The cash outflow for a long-term debt where the holder has highest claim on the entity's asset in case of bankruptcy or liquidation during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfSeniorDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. + References No definition available. + Details
Name: | us-gaap_SubsequentEventLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=tk_TeekayLngMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=tk_BahrainLngJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=tk_TeekayTankersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=tk_WilPrideAndWilForceLNGCarriersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=tk_SuezmaxTankersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=tk_FpsoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=tk_TeekayParentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=tk_SuezmaxTankersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |