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FINANCIAL ASSETS (Details) - USD ($)
$ in Millions
12 Months Ended
Sep. 25, 2017
Dec. 31, 2017
Dec. 31, 2016
Current      
Marketable securities   $ 207 $ 335
Restricted cash   68 71
Derivative contracts   75 23
Loans and notes receivable   11 4
Total current   361 433
Non-current      
Marketable securities   1 0
Restricted cash   11 0
Derivative contracts   7 9
Loans and notes receivable   150 6
Other financial assets (2)   254 91
Total non-current   423 106
Gains on disposals of marketable securities   $ 49 $ 57
Loans and notes receivable | Teekay Offshore      
Disclosure of financial assets [line items]      
Promissory note receivable, interest rate 10.00%    
Payments to acquire interests in joint ventures $ 69    
Financial assets, at fair value 88    
Gains (losses) on financial assets at fair value through profit or loss $ 19