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Obligations Related to Finance Leases (Tables)
12 Months Ended
Dec. 31, 2020
Finance Lease, Liability, Payment, Due [Abstract]  
Sale Leaseback Transactions [Table Text Block]
December 31, 2020
$
December 31, 2019
$
Teekay LNG
LNG Carriers1,340,922 1,410,904 
Teekay Tankers
Conventional Tankers360,043 414,788 
Total obligations related to finance leases1,700,965 1,825,692 
Less current portion(150,408)(95,339)
Long-term obligations related to finance leases1,550,557 1,730,353 
Finance Lease, Liability, Maturity [Table Text Block]
As at December 31, 2020, the remaining commitments related to the finance leases of these nine LNG carriers, including the amounts to be paid for the related purchase obligations, approximated $1.7 billion, including imputed interest of $400.5 million, repayable from 2021 through 2034, as indicated below:
Commitments
December 31, 2020
Year$
2021138,601
2022136,959
2023135,459
2024132,011
2025129,725
Thereafter1,068,641
As at December 31, 2020, Teekay Tankers' total remaining commitments (including vessel purchase options declared as of that date) related to financial liabilities of these vessels were approximately $480.9 million (December 31, 2019 – $601.7 million), including imputed interest of $120.9 million (December 31, 2019 – $186.9 million), repayable from 2021 through 2030, as indicated below:
Commitments
December 31, 2020
Year$
2021103,033
202243,552
202343,545
202443,656
202543,528
Thereafter203,630