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Financial Instruments
 9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Financial Instruments
Financial Instruments

a)
Fair Value Measurements

For a description of how the Partnership estimates fair value and for a description of the fair value hierarchy levels, see Item 18 - Financial Statements: Note 4 in the Partnership’s audited consolidated financial statements filed with its Annual Report on Form 20-F for the year ended December 31, 2017. 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 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.
 
 
 
September 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
 
209,761

 
209,761

 
250,294

 
250,294

Derivative instruments (note 8)

 
 
 
 
 
 
 
 
Interest rate swap agreements
Level 2
 
(76,514
)
 
(76,514
)
 
(168,247
)
 
(168,247
)
Cross currency swap agreements
Level 2
 
(3,909
)
 
(3,909
)
 
(44,006
)
 
(44,006
)
Foreign currency forward contracts
Level 2
 
(1,568
)
 
(1,568
)
 
(357
)
 
(357
)


 
 
 
 
 
 
 
 
Other:

 
 
 
 
 
 
 
 
Long-term debt - public (note 6)
Level 1
 
(332,585
)
 
(333,805
)
 
(666,427
)
 
(671,635
)
Long-term debt - non-public (note 6)
Level 2
 
(2,857,256
)
 
(2,893,206
)
 
(2,457,301
)
 
(2,475,946
)
Due to affiliates - long term (note 7g)
Level 2
 
(125,000
)
 
(121,981
)
 
(163,037
)
 
(210,089
)



b)
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
 
September 30,
2018
 
December 31,
2017
 
 
 
$
 
$
Direct financing leases
Payment activity
 
Performing
 
12,618

 
17,207