Leases (Tables)

9 Months Ended

Sep. 30, 2019

Lessee, Lease, Description [Line Items]

Obligations Related to Finance Leases



	September 30, 2019		December 31, 2018
	$		$
Teekay LNG
LNG Carriers	1,428,146		1,274,569
Suezmax Tanker	—		23,987
Teekay Tankers
Suezmax Tankers	219,751		165,145
Aframax Tankers	175,920		184,021
LR2 Product Tanker	25,263		26,123
Total obligations related to finance leases	1,849,080		1,673,845
Less current portion	(94,536	)	(102,115	)
Long-term obligations related to finance leases	1,754,544		1,571,730

Finance Lease, Liability, Maturity [Table Text Block]

As at September 30, 2019 and December 31, 2018, the remaining commitments related to the financial liabilities of these nine LNG carriers (December 31, 2018 – eight LNG carriers) including the amounts to be paid for the related purchase obligations, approximated $1.9 billion (December 31, 2018 – $1.7 billion), including imputed interest of $489.0 million (December 31, 2018 – $435.3 million), repayable for the remainder of 2019 through 2034, as indicated below:



	Commitments
	At September 30, 2019	At December 31, 2018
Year	$	$
Remainder of 2019	35,389	119,517
2020	140,386	118,685
2021	138,601	117,772
2022	136,959	116,978
2023	135,459	116,338
Thereafter	1,330,378	1,120,670

As at September 30, 2019 and December 31, 2018, the total remaining commitments related to the financial liabilities of Teekay Tankers' Suezmax, Aframax and LR2 product tankers, including the amounts to be paid for the related purchase obligations, approximated $615.9 million (December 31, 2018 – $557.1 million), including imputed interest of $195.0 million (December 31, 2018 – $181.8 million), repayable from 2019 through 2030, as indicated below:



	Commitments
	At September 30, 2019	At December 31, 2018
Year	$	$
Remainder of 2019	14,242	47,962
2020	56,364	47,373
2021	56,202	47,237
2022	56,193	47,230
2023	56,184	47,222
Thereafter	376,749	320,064

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

A maturity analysis of the Company’s operating lease liabilities from time-charter-in and bareboat charter contracts (excluding short-term leases) at September 30, 2019 is as follows:



	Lease Commitment		Non-Lease Commitment	Total Commitment
Year	$		$	$
Payments
Remainder of 2019	19,242		9,418	28,660
2020	69,617		37,089	106,706
2021	54,195		26,948	81,143
2022	22,978		8,189	31,167
2023	9,227		—	9,227
Thereafter	5,712		—	5,712
Total payments	180,971		81,644	262,615
Less: imputed interest	(15,557	)
Carrying value of operating lease liabilities	165,414
Less current portion	(62,654	)
Carrying value of long-term operating lease liabilities	102,760