XML 120 R82.htm IDEA: XBRL DOCUMENT
v3.23.1

Obligations Related to Finance Leases - Additional Information (Detail) |  | 1 Months Ended | 12 Months Ended
--- | --- | --- | ---
Jan. 31, 2023 USD ($) | Jan. 31, 2023 USD ($) vessel | Apr. 30, 2022 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) lessor vessel | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($)
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Payments to Acquire Property, Plant, and Equipment | $ |  |  |  |  | $ 15,430,000 | $ 21,447,000 | $ 16,025,000
Long-term Debt | $ |  |  |  |  | $ 21,184,000 | $ 671,480,000 |
Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Finance Lease, Weighted Average Discount Rate, Percent |  |  |  |  | 7.20% | 4.80% |
Number of vessels obligated to purchase under sales-type lease |  |  |  |  | 9 |  |
Teekay Tankers | Finance Lease Obligations [Member] |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Debt Covenant Minimum Free Liquidity And Undrawn Revolving Credit Line | $ |  |  |  |  | $ 35,000,000 |  |
Percentage of debt |  |  |  |  | 5.00% |  |
Teekay Tankers | Minimum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Sale Leaseback Transaction, Lease Terms |  |  |  |  | six |  |
Teekay Tankers | Minimum | Finance Lease Obligations [Member] |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Long-term Debt, Term |  |  |  |  | 6 months |  |
Teekay Tankers | Maximum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Sale Leaseback Transaction, Lease Terms |  |  |  |  | 12 |  |
Teekay Tankers | Suezmax, Aframax and LR2 Vessels |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Approximate capital leases future minimum payments due | $ |  |  |  |  | $ 695,200,000 | $ 364,600,000 |
Finance Lease, Liability, Undiscounted Excess Amount | $ |  |  |  |  | $ 158,700,000 | $ 68,800,000 |
Number of Vessels with Purchase Option |  |  |  |  | 15 |  |
Teekay Tankers | Suezmax, Aframax and LR2 Vessels 1 |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of Vessels with Purchase Option |  |  |  |  | 4 |  |
Teekay Tankers | Suezmax, Aframax and LR2 Vessels 2 |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of Vessels with Purchase Option |  |  |  |  | 8 |  |
November 2021 Sale Leaseback | Teekay Tankers | Minimum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  |  | 13200.00% |
November 2021 Sale Leaseback | Teekay Tankers | Maximum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  |  | 140.00% |
March 2022 Sale Leaseback | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 8 |  |
Sale Leaseback Transaction, Net Proceeds | $ |  |  |  | $ 177,300,000 |  |  |
July 2017, November 2018 and September 2021 Sale Leaseback | Teekay Tankers | Minimum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  |  | 106.00% |
July 2017, November 2018 and September 2021 Sale Leaseback | Teekay Tankers | Maximum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  |  | 134.00% |
January 2023 Sale Leaseback | Teekay Tankers | Subsequent Events |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Sale Leaseback Transaction, Total Cost | $ | $ 164,300,000 | $ 164,300,000 |  |  |  |  |
January 2023 Sale Leaseback | Teekay Tankers | Suezmax, Aframax and LR2 Vessels | Subsequent Events |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels acquired |  | 9 |  |  |  |  |
January 2023 Sale Leaseback | Teekay Tankers | suezmax vessels | Subsequent Events |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels acquired |  | 1 |  |  |  |  |
April 2022 Sale Leaseback | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 5 |  |
Sale Leaseback Transaction, Net Proceeds | $ |  |  | $ 114,000,000 |  |  |  |
July 2017, November 2018, September 2021, November 2021, March 2022 and April 2022 Sale Leaseback | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 27 |  |
July 2017, November 2018, September 2021, November 2021, March 2022 and April 2022 Sale Leaseback | Teekay Tankers | Suezmax, Aframax and LR2 Vessels |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 27 |  |
Number of Vessels with Purchase Option |  |  |  |  | 27 |  |
September 2021, November 2021, March 2022 and April 2022 Sale leaseback | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 21 |  |
November 2021 and April 2022 Sale Leaseback | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 9 |  |
Minimum hull coverage ratio |  |  |  |  | 105.00% |  |
November 2021 and April 2022 Sale Leaseback | Teekay Tankers | Minimum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  | 202.00% |  |
November 2021 and April 2022 Sale Leaseback | Teekay Tankers | Maximum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  | 280.00% |  |
July 2017, November 2018, September 2021 and March 2022 Leaseback | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 18 |  |
Minimum hull coverage ratio |  |  |  |  | 100.00% |  |
July 2017, November 2018, September 2021 and March 2022 Leaseback | Teekay Tankers | Minimum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  | 173.00% |  |
July 2017, November 2018, September 2021 and March 2022 Leaseback | Teekay Tankers | Maximum |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Actual hull coverage ratio |  |  |  |  | 292.00% |  |
July 2017, November 2018, November 2021 and April 2022 Sale Leaseback |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 15 |  |
September 2021 and March 2022 Sale Leaseback |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of vessels |  |  |  |  | 12 |  |
Sale-Leaseback Transaction | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of Lessors | lessor |  |  |  |  | 27 |  |
Variable Interest Entity, Primary Beneficiary [Member] | Sale-Leaseback Transaction | Teekay Tankers |  |  |  |  |  |  |
Capital Leased Assets [Line Items] |  |  |  |  |  |  |
Number of Lessors | lessor |  |  |  |  | 6 |  |

X
- Definition The actual hull coverage ratio of the Company as at period end. + References No definition available. + Details
Name: | tk_ActualHullCoverageRatio
Namespace Prefix: | tk_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The minimum liquidity required by covenants of certain debt currently held by the company. Liquidity is defined as cash, cash equivalents and undrawn committed revolving credit lines with at least six months to maturity. + References No definition available. + Details
Name: | tk_DebtCovenantMinimumFreeLiquidityAndUndrawnRevolvingCreditLine
Namespace Prefix: | tk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The minimum free liquidity and undrawn revolving credit line required by covenants of certain debt currently held by the Company, as a percentage of total debt. + References No definition available. + Details
Name: | tk_DebtCovenantMinimumFreeLiquidityAndUndrawnRevolvingCreditLineAsPercentageOfDebt
Namespace Prefix: | tk_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The minimum hull coverage ratio as required by certain covenants for debts held by the Company. + References No definition available. + Details
Name: | tk_DebtCovenantMinimumHullCoverageRatio
Namespace Prefix: | tk_
Data Type: | dtr-types:percentItemType
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: | instant

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

X
- Definition Number of vessels obligated to purchase under sale-leaseback + References No definition available. + Details
Name: | tk_NumberOfVesselsObligatedToPurchaseUnderSaleLeaseback
Namespace Prefix: | tk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

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

X
- Definition Number of Vessels with Purchase Option + References No definition available. + Details
Name: | tk_NumberofVesselswithPurchaseOption
Namespace Prefix: | tk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Sale Leaseback Transaction, Cost of Repurchase + References No definition available. + Details
Name: | tk_SaleLeasebackTransactionCostOfRepurchase
Namespace Prefix: | tk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Sale Leaseback Transaction, Net Proceeds + References No definition available. + Details
Name: | tk_SaleLeasebackTransactionNetProceeds
Namespace Prefix: | tk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_CapitalLeasedAssetsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of lessee's undiscounted obligation for lease payments for finance lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityPaymentsDue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Weighted average discount rate for finance lease calculated at point in time. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (g)(4) -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 55 -Paragraph 53 -URI http://asc.fasb.org/extlink&oid=123414884&loc=SL77918982-209971 + Details
Name: | us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 7: 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)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period between issuance and maturity of long-term debt, 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 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_LongTermDebtTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | instant

X
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- 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
Name: | us-gaap_SaleLeasebackTransactionLeaseTerms
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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

X
- Details
Name: | tk_LeaseObligationTypeAxis=tk_FinanceLeaseObligationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=tk_SuezmaxAframaxAndLR2VesselsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=tk_SuezmaxAframaxAndLR2Vessels1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=tk_SuezmaxAframaxAndLR2Vessels2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_November2021SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_March2022SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_July2017November2018AndSeptember2021SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_January2023SaleLeasebackMember
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: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=tk_SuezmaxVesselsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_April2022SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_July2017November2018September2021November2021March2022AndApril2022SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_September2021November2021March2022AndApril2022SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_November2021AndApril2022SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_July2017November2018September2021AndMarch2022LeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_July2017November2018November2021AndApril2022SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SaleLeasebackTransactionDescriptionAxis=tk_September2021AndMarch2022SaleLeasebackMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByAssetClassAxis=tk_SaleLeasebackTransactionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=us-gaap_VariableInterestEntityPrimaryBeneficiaryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |