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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Fair Value Measurement Inputs and Valuation Techniques | The following table includes the estimated fair value and carrying value of those assets and liabilities that are measured at fair value on a recurring and non-recurring basis, as well as the estimated fair value of the Company’s financial instruments that are not accounted for at a fair value on a recurring basis. All amounts exclude all assets and liabilities of the Teekay Gas Business (see Note 23).
|  |  | December 31, 2022 |  | December 31, 2021
| Fair Value Hierarchy Level |  | Carrying Amount Asset (Liability) $ |  | Fair Value Asset (Liability) $ |  | Carrying Amount Asset (Liability) $ |  | Fair Value Asset (Liability) $
Recurring |  |  |  |  |  |  |  |  |
Cash, cash equivalents and restricted cash | Level 1 |  | 316,706 |  |  | 316,706 |  |  | 114,339 |  |  | 114,339 |
Short-term investments | Level 1 |  | 210,000 |  |  | 210,000 |  |  | — |  |  | — |
Derivative instruments (note 15) |  |  |  |  |  |  |  |  |
Interest rate swap agreements – assets | Level 2 |  | 3,709 |  |  | 3,709 |  |  | 550 |  |  | 550 |
Foreign currency contracts | Level 2 |  | — |  |  | — |  |  | (58) |  |  | (58) |
Freight forward agreements | Level 2 |  | — |  |  | — |  |  | (4) |  |  | (4) |
Non-recurring |  |  |  |  |  |  |  |  |
Assets held for sale (note 18) | Level 2 |  |  |  |  |  |  |  | 40,854 |  |  | 40,854 |
Investment in equity-accounted investment (note 22) | Level 2 |  |  |  |  |  | 9,174 |  |  | 9,174 |
Other |  |  |  |  |  |  |  |  |
Advances to equity-accounted joint venture – long-term | Level 2 |  | 6,780 |  |  | (1) |  | 3,780 |  |  | (1)
Short-term debt (note 7) | Level 2 |  | — |  |  | — |  |  | (25,000) |  |  | (25,000) |
Long-term debt, including current portion – public (note 8) | Level 1 |  | — |  |  | — |  |  | (239,807) |  |  | (240,963) |
Long-term debt, including current portion – non-public (note 8) | Level 2 |  | (21,184) |  |  | (21,078) |  |  | (431,673) |  |  | (436,892) |
Obligations related to finance leases, including current portion (note 10) | Level 2 |  | (532,760) |  |  | (533,977) |  |  | (294,481) |  |  | (306,386) |
(1)The advances to its equity-accounted joint venture, together with the Company’s investment in the equity-accounted joint venture, form the net aggregate carrying value of the Company’s interests in the equity-accounted joint venture in these consolidated financial statements. As at December 31, 2022, the fair values of the individual components of such aggregate interests were not determinable. As at December 31, 2021, the Company's investment in its equity-accounted joint venture was written-down to its estimated fair value. At such time, the fair value of the Company's advance to its equity-accounted joint venture was estimated to approximate its carrying value

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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