XML 86 R70.htm IDEA: XBRL DOCUMENT v3.19.1
Deconsolidation of Teekay Offshore - Narrative (Details)
1 Months Ended 5 Months Ended 9 Months Ended 12 Months Ended
Jan. 01, 2018
Sep. 25, 2017
USD ($)
day
$ / shares
shares
Jul. 31, 2018
shares
Dec. 31, 2018
$ / shares
Sep. 24, 2017
Dec. 31, 2018
USD ($)
$ / shares
Dec. 31, 2017
USD ($)
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Jul. 03, 2018
Jul. 01, 2016
USD ($)
Jun. 29, 2016
$ / shares
Business Acquisition [Line Items]                      
Common price per unit (in dollars per share) (equal to or greater than) | $ / shares       $ 0.001   $ 0.001 $ 0.001 $ 0.001      
Equity method investment, ownership interest       100.00%   100.00%          
Net income (loss) attributable to non-controlling interests           $ 21,490,000 $ (365,796,000) $ 209,846,000      
Subsidiaries                      
Business Acquisition [Line Items]                      
Noncontrolling interest       50.00%   50.00%          
Net income (loss) attributable to non-controlling interests           $ 21,490,000 $ (365,796,000) 209,846,000      
Teekay Offshore                      
Business Acquisition [Line Items]                      
Investment in Teekay Offshore   $ 150,100,000                  
Teekay Offshore                      
Business Acquisition [Line Items]                      
Noncontrolling interest   50.00%                  
Subordinated Promissory Notes                      
Business Acquisition [Line Items]                      
Number of warrants to be issued (in shares) | shares   11,400,000                  
Aggregate proceeds from the debt purchase   $ 140,000,000                  
Common Units | Teekay Offshore                      
Business Acquisition [Line Items]                      
Noncontrolling interest       13.80%   13.80% 13.80%        
Equity method investment, ownership interest   14.00%                  
General Partner | Brookfield                      
Business Acquisition [Line Items]                      
Percentage of ownership acquired                 2.00%    
Ownership interest       51.00%              
General Partner | Teekay                      
Business Acquisition [Line Items]                      
Ownership interest       49.00%              
General Partner | Teekay Offshore                      
Business Acquisition [Line Items]                      
Interest of Company's general partner         100.00%            
Equity method investment, ownership interest   51.00%                  
Teekay Offshore                      
Business Acquisition [Line Items]                      
Exercise price of warrants (in dollars per share) | $ / shares   $ 0.01                  
Term of warrants (in years)   7 years                  
Common price per unit (in dollars per share) (equal to or greater than) | $ / shares   $ 4.00                  
Trading period | day   10                  
Brookfield | General Partner                      
Business Acquisition [Line Items]                      
Percentage of ownership acquired   49.00%                  
Number of warrants to be issued (in shares) | shares   1,000,000                  
Amount purchased for shares   $ 4,000,000                  
Brookfield | Teekay Offshore                      
Business Acquisition [Line Items]                      
Number of warrants to be issued (in shares) | shares   62,400,000                  
Aggregate purchase price, cash   $ 610,000,000                  
Number of shares to be issued/exchanged (in shares) | shares   244,000,000                  
Brookfield | Teekay Offshore | General Partner                      
Business Acquisition [Line Items]                      
Percentage of ownership acquired   49.00%                  
Teekay | Series D Preferred Stock                      
Business Acquisition [Line Items]                      
Shares outstanding (in shares) | shares   1,040,000                  
Teekay | Teekay Offshore                      
Business Acquisition [Line Items]                      
Number of warrants to be issued (in shares) | shares   3,100,000                  
Aggregate purchase price, cash   $ 30,000,000                  
Number of shares to be issued/exchanged (in shares) | shares   12,000,000                  
Teekay Corporation | Brookfield | Stock Purchase Warrants                      
Business Acquisition [Line Items]                      
Number of warrants to be issued (in shares) | shares     1,000,000                
Teekay Offshore                      
Business Acquisition [Line Items]                      
Fair value of vessel charters with Teekay Offshore   $ 14,812,000                  
Discount rate             10.00%        
Net income (loss) attributable to non-controlling interests             $ (337,272,000) $ 53,226,000      
Teekay Offshore | Deferred Gain (Loss) on Sale of Assets | Subsidiaries                      
Business Acquisition [Line Items]                      
Net income (loss) attributable to non-controlling interests             $ 349,600,000        
Teekay Offshore | Subordinated Promissory Notes                      
Business Acquisition [Line Items]                      
Debt instrument, principal amount                   $ 200,000,000  
Teekay Offshore | Series D Warrant                      
Business Acquisition [Line Items]                      
Exercise price of warrants (in dollars per share) | $ / shares   $ 4.55   $ 4.55   $ 4.55         $ 6.05
Term of warrants (in years)           7 years          
Teekay Offshore | Series C-1 Preferred Units                      
Business Acquisition [Line Items]                      
Redemption price (in dollars per share) | $ / shares   18.2                  
Teekay Offshore | Series D Preferred Stock                      
Business Acquisition [Line Items]                      
Redemption price (in dollars per share) | $ / shares   $ 23.75                  
Teekay Offshore | General Partner                      
Business Acquisition [Line Items]                      
Percentage of ownership acquired   2.00%                  
Investment in Teekay Offshore   $ 150,132,000                  
Disposed of by sale | Transferred Subsidiaries                      
Business Acquisition [Line Items]                      
Loss on sale of business           $ 7,100,000          
Disposed of by sale | Transferred Subsidiaries | Teekay Offshore                      
Business Acquisition [Line Items]                      
Ownership percentage 100.00%