XML 33 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Estimated Fair Value of Financial Instruments Measured at Fair Value 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 fair value on a recurring basis.
 
 
 
June 30, 2018
 
December 31, 2017
 
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
Level 1
 
253,627

 
253,627

 
250,294

 
250,294

Derivative instruments (note 8)

 
 
 
 
 
 
 
 
Interest rate swap agreements
Level 2
 
(96,121
)
 
(96,121
)
 
(168,247
)
 
(168,247
)
Cross currency swap agreements
Level 2
 
(42,118
)
 
(42,118
)
 
(44,006
)
 
(44,006
)
Foreign currency forward contracts
Level 2
 
(2,362
)
 
(2,362
)
 
(357
)
 
(357
)


 
 
 
 
 
 
 
 
Non-Recurring:

 
 
 
 
 
 
 
 
Vessels held for sale (note 14)
Level 2
 
8,000

 
8,000

 
—

 
—

Vessel and equipment (note 14)
Level 2
 
8,000

 
8,000

 
—

 
—

Vessels and equipment (note 14)
Level 3
 
83,991

 
83,991

 
—

 
—



 
 
 
 
 
 
 
 
Other:

 
 
 
 
 
 
 
 
Long-term debt - public (note 6)
Level 1
 
(668,182
)
 
(677,861
)
 
(666,427
)
 
(671,635
)
Long-term debt - non-public (note 6)
Level 2
 
(2,298,026
)
 
(2,311,182
)
 
(2,457,301
)
 
(2,475,946
)
Due to affiliates - long term (notes 7b, 7c, 7e and 7g)
Level 2
 
(290,959
)
 
(329,981
)
 
(163,037
)
 
(210,089
)
Summary of Partnership's Financing Receivables
The following table contains a summary of the Partnership’s financing receivables by type of borrower and the method by which the Partnership monitors the credit quality of its financing receivables on a quarterly basis:
 
Credit Quality
Indicator
 
Grade
 
June 30,
2018
 
December 31,
2017
 
 
 
$
 
$
Direct financing leases
Payment activity
 
Performing
 
14,216

 
17,207