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Leases Obligations relating to Finance Leases (Details) $ in Thousands | 1 Months Ended | 6 Months Ended | 36 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
May 31, 2021 USD ($) | Mar. 31, 2021 USD ($) | Oct. 31, 2020 USD ($) | Jun. 30, 2021 USD ($) vessel lease | Jun. 30, 2020 USD ($) | Jan. 31, 2019 | May 17, 2021 vessel | Mar. 10, 2021 vessel | Dec. 31, 2020 USD ($) | Oct. 22, 2020 vessel
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Finance Lease, Liability |  |  |  | $ 1,597,812 |  |  |  |  | $ 1,700,965 |
Payments to Acquire Property, Plant, and Equipment |  |  |  | 20,090 | $ 12,824 |  |  |  |  |
Current obligations related to finance leases (note 5) |  |  |  | (212,890) |  |  |  |  | (150,408) |
Long-term obligations related to finance leases (note 5) |  |  |  | $ 1,384,922 |  |  |  |  | $ 1,550,557 |
Lessee, Sales-type lease, Number of vessel repurchases declared, not yet complete | vessel |  |  |  | 6 |  |  |  |  |  |
Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Finance Lease, Weighted Average Discount Rate, Percent |  |  |  | 7.50% |  |  |  |  | 7.80% |
Payments to Acquire Property, Plant, and Equipment | $ 56,700 | $ 128,800 | $ 29,600 | $ 128,800 |  |  |  |  |  |
Number of Vessels with Purchase Option | vessel |  |  |  | 6 |  |  |  |  |  |
Number Of Sale Leaseback Transactions | vessel |  |  |  | 16 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Next Twelve Months |  |  |  | $ 142,913 |  |  |  |  |  |
Finance Lease, Liability, to be Paid, Year One |  |  |  | 21,848 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Year Two |  |  |  | 21,846 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Year Three |  |  |  | 21,903 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Year Four |  |  |  | 21,841 |  |  |  |  |  |
Finance Lease, Liability to be Paid, after Year Four |  |  |  | $ 121,782 |  |  |  |  |  |
Number of vessels under sales-type lease repurchased | vessel |  |  |  |  |  |  | 2 |  |  | 2
Lessee, Sales-type lease, Number of vessel repurchases declared, not yet complete | vessel |  |  |  |  |  |  |  | 6 |  |
November 2018 Sale-leaseback Transaction [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Debt Covenant Minimum Hull Coverage Ratio Year 1 & 2 |  |  |  | 100.00% |  |  |  |  |  |
Lessee, Sales-type lease, Number of leases | vessel |  |  |  | 2 |  |  |  |  |  |
September 2018 Sale-leaseback Transaction [Member] [Domain] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Debt Covenant Minimum Hull Coverage Ratio, Year 1 |  |  |  | 75.00% |  |  |  |  |  |
Debt Covenant Minimum Hull Coverage Ratio, Year 2 |  |  |  | 78.00% |  |  |  |  |  |
Debt Covenant Minimum Hull Coverage Ratio, Years 3 and 4 |  |  |  | 80.00% |  |  |  |  |  |
Debt Covenant Minimum Hull Coverage Ratio, Thereafter |  |  |  | 90.00% |  |  |  |  |  |
Lessee, Sales-type lease, Number of leases | vessel |  |  |  | 6 |  |  |  |  |  |
Suezmax Tanker Sale Leaseback [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Number of Vessels with Purchase Option | vessel |  |  |  | 6 |  |  |  |  |  |
July 2017 and November 2018 Sale Leaseback [Domain] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Lessee, Sales-type lease, Number of leases | vessel |  |  |  | 6 |  |  |  |  |  |
July 2017 Sale Leaseback [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Debt Covenant Minimum Hull Coverage Ratio, Years 1, 2 and 3 |  |  |  | 90.00% |  |  |  |  |  |
Debt Covenant Minimum Hull Coverage Ratio, Thereafter |  |  |  | 100.00% |  |  |  |  |  |
Lessee, Sales-type lease, Number of leases | vessel |  |  |  | 4 |  |  |  |  |  |
Minimum [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Sale Leaseback Transaction, Lease Terms |  |  |  | 9 |  |  |  |  |  |
Minimum [Member] | November 2018 Sale-leaseback Transaction [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Actual Hull Coverage Ratio |  |  |  | 122.00% |  |  |  |  | 145.00% |
Minimum [Member] | September 2018 Sale-leaseback Transaction [Member] [Domain] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Actual Hull Coverage Ratio |  |  |  | 98.00% |  |  |  |  | 80.00% |
Minimum [Member] | July 2017 Sale Leaseback [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Actual Hull Coverage Ratio |  |  |  | 102.00% |  |  |  |  | 121.00% |
Maximum | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Sale Leaseback Transaction, Lease Terms |  |  |  | 12 |  |  |  |  |  |
Maximum | November 2018 Sale-leaseback Transaction [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Actual Hull Coverage Ratio |  |  |  | 127.00% |  |  |  |  | 156.00% |
Maximum | September 2018 Sale-leaseback Transaction [Member] [Domain] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Actual Hull Coverage Ratio |  |  |  | 104.00% |  |  |  |  | 88.00% |
Maximum | July 2017 Sale Leaseback [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Actual Hull Coverage Ratio |  |  |  |  |  |  |  |  | 143.00% |
Suezmax, Aframax and LR2 Vessels [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Finance Lease, Liability, Payment, Due |  |  |  | $ 352,100 |  |  |  |  | $ 480,900 |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  |  |  | $ 59,300 |  |  |  |  | 120,900 |
LNG Carriers [Member] | Teekay LNG |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Sale Leaseback Transaction, Imputed Interest Rate |  |  |  |  |  | 5.10% |  |  |  |
LNG Carriers [Member] | Minimum [Member] | Teekay LNG |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Sale Leaseback Transaction, Lease Terms |  |  |  |  |  | 7.5 |  |  |  |
LNG Carriers [Member] | Maximum | Teekay LNG |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Sale Leaseback Transaction, Lease Terms |  |  |  |  |  | 15 |  |  |  |
Sales-type lease [Member] | LNG Carriers [Member] | Teekay LNG |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Number Of Vessels | lease |  |  |  | 9 |  |  |  |  |  |
Finance Lease, Liability, Payment, Due |  |  |  | $ 1,700,000 |  |  |  |  |  |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  |  |  | 366,800 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Next Twelve Months |  |  |  | 69,063 |  |  |  |  |  |
Finance Lease, Liability, to be Paid, Year One |  |  |  | 136,959 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Year Two |  |  |  | 135,459 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Year Three |  |  |  | 132,011 |  |  |  |  |  |
Finance Lease, Liability, Payments, Due Year Four |  |  |  | 129,725 |  |  |  |  |  |
Finance Lease, Liability to be Paid, after Year Four |  |  |  | 1,068,641 |  |  |  |  |  |
LNG Carriers [Member] | Teekay LNG |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Finance Lease, Liability |  |  |  | 1,305,055 |  |  |  |  | 1,340,922 |
Conventional Tankers [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Finance Lease, Liability |  |  |  | $ 292,757 |  |  |  |  | $ 360,043 |
Finance Lease Obligations [Member] | Minimum [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Long-term Debt, Term |  |  |  | 6 months |  |  |  |  |  |
Finance Lease Obligations [Member] | Suezmax, Aframax and LR2 Vessels [Member] | Teekay Tankers |  |  |  |  |  |  |  |  |  |
Obligations relating to Finance Leases [Line Items] |  |  |  |  |  |  |  |  |  |
Debt Covenant Minimum Free Liquidity And Undrawn Revolving Credit Line |  |  |  | $ 35,000 |  |  |  |  |  |
Debt Covenant Minimum Free Liquidity And Undrawn Revolving Credit Line As Percentage Of Debt |  |  |  | 5.00% |  |  |  |  |  |

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- Definition A description of the terms of the lease(s) related to the assets being leased-back in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123416376&loc=d3e50796-112755 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 40 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123417830&loc=SL77919786-209982 + Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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- Details
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