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Fair Value Measurements and Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Value of Partnership's Financial Instruments on Recurring Basis
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 Partnership’s financial instruments that are not accounted for at a fair value on a recurring basis.
 
 
 
 
December 31, 2019
 
December 31, 2018
 
 
Fair Value
Hierarchy
Level
 
Carrying
Amount
Asset
(Liability)
$
 
Fair
Value
Asset
(Liability)
$
 
Carrying
Amount
Asset
(Liability)
$
 
Fair
Value
Asset
(Liability)
$
Recurring:
 
 
 
 
 
 
 
 
 
 
   Cash and cash equivalents and restricted cash (note 15a)
 
Level 1
 
253,291

 
253,291

 
222,864

 
222,864

   Derivative instruments (note 13)
 
 
 
 
 
 
 
 
 
 
      Interest rate swap agreements – assets
 
Level 2
 
2,210

 
2,210

 
3,341

 
3,341

      Interest rate swap agreements – liabilities
 
Level 2
 
(50,447
)
 
(50,447
)
 
(40,958
)
 
(40,958
)
      Foreign currency contracts
 
Level 2
 
(202
)
 
(202
)
 
—

 
—

      Cross currency swap agreements – liabilities
 
Level 2
 
(42,104
)
 
(42,104
)
 
(29,122
)
 
(29,122
)
      Other derivative
 
Level 3
 
—

 
—

 
1,061

 
1,061

Other:
 
 
 
 
 
 
 
 
 
 
Advances to equity-accounted joint ventures, current and long-term (note 7)
 
(i) 
 
126,546

 
(i) 

 
131,386

 
(i) 

Long-term debt – public (note 10)
 
Level 1
 
(345,824
)
 
(358,005
)
 
(350,813
)
 
(361,095
)
Long-term debt – non-public (note 10)
 
Level 2
 
(1,485,572
)
 
(1,474,208
)
 
(1,618,963
)
 
(1,604,106
)
Obligations related to finance leases (note 5a)
 
Level 2
 
(1,410,904
)
 
(1,434,910
)
 
(1,298,556
)
 
(1,274,693
)
(i)
The advances to equity-accounted joint ventures together with the Partnership’s equity investments in the joint ventures form the net aggregate carrying value of the Partnership’s interests in the joint ventures in these consolidated financial statements. The fair values of the individual components of such aggregate interests are not determinable.
Changes in Fair Value of Assets Measured on Recurring Basis Using Significant Unobservable Inputs (Level 3)
Changes in fair value during the years ended December 31, 2019 and 2018 for the Partnership’s other derivative asset, the Toledo Spirit time-charter derivative, which were measured at fair value on a recurring basis using significant unobservable inputs (Level 3), were as follows:
 
 
Year Ended
December 31,
2019
$
 
Year Ended
December 31,
2018
$
Fair value at beginning of year
 
1,061

 
1,648

Realized and unrealized (losses) gains included in earnings
 
(40
)
 
550

Settlements
 
(1,021
)
 
(1,137
)
Fair value at end of year
 
—

 
1,061
Summary of Partnership's Loan Receivables and Other Financing Receivables
The following table contains a summary of the carrying value of the Partnership’s loan receivables and other financing receivables by type of borrower, the method by which the Partnership monitors the credit quality of its financing receivables on a quarterly basis and the grade as at December 31, 2019.
Class of Financing Receivable
 
Credit Quality Indicator
 
Grade
 
December 31,
2019
$
 
December 31,
2018
$
Direct financing and sales-type leases (note 6)
 
Payment activity
 
Performing
 
818,809

 
575,163

Other receivables:
 
 
 
 
 
 
 
 
Long-term receivable and accrued revenue included in other assets
 
Payment activity
 
Performing
 
8,092

 
5,694

Advances to equity-accounted joint ventures (note 7)
 
Other internal metrics
 
Performing
 
126,546

 
131,386

 
 
 
 
 
 
953,447

 
712,243