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Other Loss

12 Months Ended

Dec. 31, 2024

Other Income and Expenses [Abstract]

Other Loss

17. Other - net

			Year Ended December 31, 2024 $						Year Ended December 31, 2023 $						Year Ended December 31, 2022 $
Asset retirement obligation decrease (1)			201						884						638
Credit loss provision (2)			—						—						2,604
Loss on bond repurchases (3)			—						—						(12,694)
Unrealized gain on marketable securities			1,401						—						—
Realized and unrealized gain on derivative instruments (note10)			—						449						4,817
Foreign exchange gain			2,407						1,431						2,995
Loss on disposal of defined benefit pension plan			—						(3,619)						—
Miscellaneous income (loss)			325						(836)						(1,426)
Other - net			4,334						(1,691)						(3,066)

(1)Net ARO expense reflecting the changes in estimates and the accretion of the present value of ARO liabilities relating to Petrojarl Foinaven FPSO unit (see Notes 1 and 7).

(2)Unrealized credit loss provision related to the Petrojarl Foinaven FPSO unit sales-type lease.

(3)During the year ended December 31, 2022, Teekay Parent repurchased aggregate principal in relation to senior secured notes and convertible notes which resulted in losses on bond repurchases

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- References

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- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 610
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//610/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 720
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//720/tableOfContent

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