XML 54 R30.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Accounting Policies [Abstract] |
Net Income of Consolidated Partially-Owned Entities and Attribution of Net Income to Controlling and Non-controlling Interests | The total net income (loss) of Teekay’s consolidated partially-owned entities and the attribution of that net income (loss) to controlling and non-controlling interests is as follows:
| Net income (loss) attributable to non-controlling interests |  |  |  | Controlling Interest |  | Net income (loss) of consolidated partially-owned entities (1)
| Non-public partially-owned subsidiaries |  | Preferred unit-holders |  |  |  | Earnings (Loss) |  | Total Non-Controlling Interest |  |  |  | Earnings (Loss) |  | Total Controlling Interest (Teekay) |
Teekay Tankers | — |  |  | — |  |  |  |  | 366,909 |  |  | 366,909 |  |  |  |  | 146,762 |  |  | 146,762 |  |  | 513,671 |
Other entities and eliminations | — |  |  | — |  |  |  |  | (127) |  |  | (127) |  |  |  |  |  |  |  |  |
For the Year End December 31, 2023 | — |  |  | — |  |  |  |  | 366,782 |  |  | 366,782 |  |  |  |  |  |  |  |  |
Seapeak (2) | 872 |  |  | 928 |  |  |  |  | (63,728) |  |  | (61,928) |  |  |  |  | 100,364 |  |  | 100,364 |  |  | 38,436 |
Teekay Tankers | — |  |  | — |  |  |  |  | 172,857 |  |  | 172,857 |  |  |  |  | 56,229 |  |  | 56,229 |  |  | 229,086 |
Other entities and eliminations | — |  |  | — |  |  |  |  | 24 |  |  | 24 |  |  |  |  |  |  |  |  |
For the Year End December 31, 2022 | 872 |  |  | 928 |  |  |  |  | 109,153 |  |  | 110,953 |  |  |  |  |  |  |  |  |
Seapeak (2) | 12,900 |  |  | 25,702 |  |  |  |  | 125,016 |  |  | 163,618 |  |  |  |  | 91,930 |  |  | 91,930 |  |  | 255,548 |
Teekay Tankers | — |  |  | — |  |  |  |  | (174,787) |  |  | (174,787) |  |  |  |  | (67,585) |  |  | (67,585) |  |  | (242,372) |
Other entities and eliminations | — |  |  | — |  |  |  |  | (5) |  |  | (5) |  |  |  |  |  |  |  |  |
For the Year Ended December 31, 2021 | 12,900 |  |  | 25,702 |  |  |  |  | (49,776) |  |  | (11,174) |  |  |  |  |  |  |  |  |
(1)Includes earnings attributable to common and preferred shares. (2)Seapeak forms part of discontinued operations during 2022 and 2021.
Summary of Capitalized Dry Docking Costs | The following table summarizes the change in the Company’s capitalized dry-docking costs from January 1, 2021 to December 31, 2023:
| Year Ended December 31,
| 2023 $ |  | 2022 $ |  | 2021 $
Balance at the beginning of the year | 51,474 |  | 62,914 |  | 67,527
Costs incurred for dry dockings | 15,483 |  | 15,792 |  | 23,042
Dry-dock amortization | (25,245) |  | (26,666) |  | (27,123)
Write-down / sales of vessels | (1,139) |  | (566) |  | (532)
Balance at the end of the year | 40,573 |  | 51,474 |  | 62,914
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table contains the changes in the balances of each component of accumulated other comprehensive loss attributable to shareholders of Teekay for the periods presented.
| Pension Adjustments Relating to Continuing Operations $ |  | Qualifying Cash Flow Hedging Instruments Related to Discontinued Operations $ |  | Total $
Balance as of December 31, 2020 | (4,877) |  | (44,006) |  | (48,883)
Other comprehensive loss and other | 1,881 |  | 21,474 |  | 23,355
Changes to non-controlling interest in AOCI from equity contributions | — |  | 18 |  | 18
Balance as of December 31, 2021 | (2,996) |  | (22,514) |  | (25,510)
Other comprehensive income and other | 1,024 |  | 682 |  | 1,706
Impact of deconsolidation of Teekay Gas Business | — |  | 21,832 |  | 21,832
Balance as of December 31, 2022 | (1,972) |  | — |  | (1,972)
Other comprehensive income and other | 1,972 |  | — |  | 1,972
Balance as of December 31, 2023 | — |  | — |  | —

X
- Definition Dry Docking Table [Text Block] + References No definition available. + Details
Name: | tk_DryDockingTableTableTextBlock
Namespace Prefix: | tk_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure for noncontrolling interest in consolidated subsidiaries, which includes the name of the subsidiary, and the noncontrolling interest share of the net Income or Loss of the subsidiary. + References No definition available. + Details
Name: | tk_NoncontrollingInterestDisclosureTableTextBlock
Namespace Prefix: | tk_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration