XML 71 R63.htm IDEA: XBRL DOCUMENT v3.20.2
Long-Term Debt Long-Term Debt Narrative (Details)
$ / shares in Units, shares in Thousands, € in Millions
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2018
USD ($)
Jan. 31, 2020
USD ($)
Nov. 30, 2015
USD ($)
Sep. 30, 2020
USD ($)
vessel
term_loan
shares
subsidiary
SecurityLoan
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
vessel
term_loan
shares
subsidiary
SecurityLoan
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
vessel
Nov. 24, 2020
USD ($)
Oct. 01, 2020
USD ($)
Oct. 01, 2020
vessel
Oct. 01, 2020
shares
Sep. 30, 2020
NOK (kr)
term_loan
shares
vessel
subsidiary
SecurityLoan
Sep. 30, 2020
EUR (€)
term_loan
shares
vessel
subsidiary
SecurityLoan
Dec. 31, 2019
NOK (kr)
vessel
Dec. 31, 2019
EUR (€)
vessel
May 31, 2019
USD ($)
Jan. 26, 2018
USD ($)
$ / shares
Jan. 27, 2010
USD ($)
Debt Instrument [Line Items]                                      
Long-term Debt, Maturities, Repayments of Principal after Year Five       $ 533,000,000.0   $ 533,000,000.0                          
Long-term debt, gross       2,090,917,000   2,090,917,000   $ 2,867,120,000                      
Long-term Debt       2,054,872,000   2,054,872,000   $ 2,827,152,000                      
Foreign exchange (loss) gain)       $ (5,943,000) $ 5,628,000 $ (8,219,000) $ (2,853,000)                        
Long-term Debt, Weighted Average Interest Rate, at Point in Time       3.70%   3.70%   4.60%         3.70% 3.70% 4.60% 4.60%      
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year       $ 38,000,000.0   $ 38,000,000.0                          
Long-term Debt, Maturities, Repayments of Principal in Year Two       423,900,000   423,900,000                          
Long-term Debt, Maturities, Repayments of Principal in Year Three       474,000,000.0   474,000,000.0                          
Long-term Debt, Maturities, Repayments of Principal in Year Four       363,600,000   363,600,000                          
Long-term Debt, Maturities, Repayments of Principal in Year Five       $ 258,400,000   $ 258,400,000                          
Number Of Loan Agreements | SecurityLoan       5   5             5 5          
Gain (Loss) on Repurchase of Debt Instrument           $ 1,100,000                          
Minimum [Member]                                      
Debt Instrument [Line Items]                                      
Undrawn Revolving Credit Facilities Time To Maturity           6 months                          
2020 Debt Facility Maturing in December 2024 [Member]                                      
Debt Instrument [Line Items]                                      
Debt Covenant Minimum Free Liquidity And Undrawn Revolving Credit Line As Percentage Of Debt       5.00%   5.00%             5.00% 5.00%          
Secured Debt [Member]                                      
Debt Instrument [Line Items]                                      
Number Of Debt Instruments | term_loan           6                          
Long-term debt, gross       $ 962,800,000   $ 962,800,000   $ 1,300,000,000                      
Number Of Debt Instruments With Balloon Or Bullet Payments | term_loan       5   5             5 5          
Number Of Vessels Held As Collateral | vessel       20   20   24         20 20 24 24      
Secured Debt [Member] | Remaining Term Loans [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Interest Rate, Stated Percentage       4.26%   4.26%             4.26% 4.26%          
Secured Debt [Member] | Remaining Term Loans [Member] | Fixed Rate [Member]                                      
Debt Instrument [Line Items]                                      
Number Of Debt Instruments | term_loan           1                          
Secured Debt [Member] | Remaining Term Loans [Member] | Three Month London Interbank Offered Rate [Member] | Minimum [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           0.30%                          
Secured Debt [Member] | Remaining Term Loans [Member] | Three Month London Interbank Offered Rate [Member] | Maximum                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           3.25%                          
Senior Notes (8.5%) due January 15, 2020                                      
Debt Instrument [Line Items]                                      
Long-term debt, percentage bearing fixed interest, percentage rate     8.50% 0.085%   0.085%   0.085%         0.085% 0.085% 0.085% 0.085%     8.50%
Debt instrument, principal amount     $ 200,000,000                               $ 450,000,000
Percentage Of Par At Which Notes Sold     99.00%                                
Repayments of Senior Debt   $ 613,300,000                                  
Long-term debt, gross       $ 0   $ 0   $ 36,712,000                      
Senior Notes (8.5%) due January 15, 2020 | US Treasury (UST) Interest Rate [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           0.50%                          
Senior Notes due 2022 [Member]                                      
Debt Instrument [Line Items]                                      
Long-term debt, percentage bearing fixed interest, percentage rate       9.25%   9.25%   9.25%         9.25% 9.25% 9.25% 9.25% 9.25%    
Debt instrument, principal amount                                 $ 250,000,000.0    
Long-term debt, gross       $ 250,000,000   $ 250,000,000   $ 250,000,000                      
Convertible Debt [Member] | Convertible Senior Notes due 2023 [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Convertible, Conversion Ratio 85.4701                                    
Debt Instrument, Convertible, If-converted Value in Excess of Principal $ 1,000                                    
Debt Instrument, Convertible, Conversion Price | $ / shares                                   $ 11.70  
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger 20.00%                                    
Sale of Stock, Price Per Share | $ / shares                                   $ 9.75  
Revolving Credit Facilities                                      
Debt Instrument [Line Items]                                      
Credit facility, maximum borrowing capacity       928,200,000   928,200,000                          
Line of Credit Facility, Remaining Borrowing Capacity       648,200,000   648,200,000                          
Line Of Credit Reduction Of Available Borrowing Capacity Remainder Of Fiscal Year       135,000,000.0   135,000,000.0                          
Line Of Credit Reduction Of Available Borrowing Capacity In Year Two       115,800,000   115,800,000                          
Line Of Credit Reduction Of Available Borrowing Capacity In Year Three       410,800,000   410,800,000                          
Line Of Credit Reduction Of Available Borrowing Capacity In Year Four       65,300,000   65,300,000                          
Line Of Credit Reduction Of Available Borrowing Capacity In Year Five       $ 201,300,000   $ 201,300,000                          
Debt Instrument, Collateral, Number of Vessels | vessel       33   33             33 33          
Long-term debt, gross       $ 280,000,000   $ 280,000,000   $ 603,132,000                      
Number Of Credit Facilities | term_loan       4   4             4 4          
Revolving Credit Facilities | Subsequent Event                                      
Debt Instrument [Line Items]                                      
Credit facility, maximum borrowing capacity                   $ 957,600,000                  
Line of Credit Facility, Remaining Borrowing Capacity                   677,600,000                  
Line Of Credit Reduction Of Available Borrowing Capacity Remainder Of Fiscal Year                   47,200,000                  
Line Of Credit Reduction Of Available Borrowing Capacity In Year Two                   115,800,000                  
Line Of Credit Reduction Of Available Borrowing Capacity In Year Three                   528,000,000.0                  
Line Of Credit Reduction Of Available Borrowing Capacity In Year Four                   65,300,000                  
Line Of Credit Reduction Of Available Borrowing Capacity In Year Five                   $ 201,300,000                  
Revolving Credit Facilities | Minimum [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           1.40%   1.40%                      
Revolving Credit Facilities | Maximum                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           3.95%   3.95%                      
Revolving Credit Facilities | Secured Debt [Member]                                      
Debt Instrument [Line Items]                                      
Credit facility, maximum borrowing capacity       $ 150,000,000   $ 150,000,000                          
Teekay LNG                                      
Debt Instrument [Line Items]                                      
Minimum Level Of Free Cash Maintained Per Loan Agreements       35,000,000.0   35,000,000.0                          
Teekay LNG | Norwegian Kroner Denominated Bonds Due Through October Two Thousand Twenty One [Member] [Member] | Nibor Loan [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, principal amount | kr                         kr 3,100,000,000            
Unsecured Debt | kr                         kr 3,100,000,000   kr 3,100,000,000        
Senior Notes       $ 326,800,000   $ 326,800,000   $ 347,200,000                      
Teekay LNG | Norwegian Kroner Denominated Bonds Due Through October Two Thousand Twenty One [Member] [Member] | Nibor Loan [Member] | Minimum [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           4.60%                          
Derivative, Fixed Interest Rate       5.74%   5.74%             5.74% 5.74%          
Teekay LNG | Norwegian Kroner Denominated Bonds Due Through October Two Thousand Twenty One [Member] [Member] | Nibor Loan [Member] | Maximum                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           6.00%                          
Derivative, Fixed Interest Rate       7.89%   7.89%             7.89% 7.89%          
Teekay LNG | Euro Denominated Term Loans Due Through Two Thousand Twenty Three [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Collateral, Number of Vessels | vessel       2   2             2 2          
Number Of Debt Instruments | term_loan           2                          
Long-term Debt       $ 157,200,000   $ 157,200,000   $ 165,400,000           € 134.1   € 147.5      
Number of Subsidiaries | subsidiary       1   1             1 1          
Teekay LNG | Euro Denominated Term Loans Due Through Two Thousand Twenty Three [Member] | Minimum [Member]                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           0.60%                          
Teekay LNG | Euro Denominated Term Loans Due Through Two Thousand Twenty Three [Member] | Maximum                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Basis Spread on Variable Rate           1.95%                          
Teekay Tankers                                      
Debt Instrument [Line Items]                                      
Minimum Level Of Free Cash Maintained Per Loan Agreements       $ 35,000,000.0   $ 35,000,000.0                          
Parent Company [Member] | Senior Notes (8.5%) due January 15, 2020 | Senior Notes due 2022 [Member] | Subsequent Event                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Repurchased Face Amount                 $ 6,600,000                    
Debt Instrument, Repurchase Amount                 6,200,000                    
Parent Company [Member] | Convertible Debt [Member] | Convertible Senior Notes due 2023 [Member]                                      
Debt Instrument [Line Items]                                      
Debt instrument, principal amount                                   $ 125,000,000.0  
Debt Instrument, Interest Rate, Stated Percentage                                   5.00%  
Proceeds from Convertible Debt $ 104,600,000                                    
Debt Instrument, Convertible Term 5 years                                    
Debt Instrument, Convertible, Carrying Amount of Equity Component                                   $ 16,100,000  
Debt Instrument, Repurchased Face Amount       10,800,000   10,800,000                          
Debt Instrument, Repurchase Amount       $ 8,800,000   $ 8,800,000                          
Parent Company [Member] | Convertible Debt [Member] | Convertible Senior Notes due 2023 [Member] | Subsequent Event                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Repurchased Face Amount                 2,000,000.0                    
Debt Instrument, Repurchase Amount                 $ 1,700,000                    
Common Class A [Member] | Teekay LNG | Revolving Credit Facilities                                      
Debt Instrument [Line Items]                                      
Debt Collateral, Equity Interest in Subsidiaries, Number of Common Shares/Units | shares       25,200   25,200             25,200 25,200          
Common Class A [Member] | Teekay Tankers | Revolving Credit Facilities                                      
Debt Instrument [Line Items]                                      
Debt Collateral, Equity Interest in Subsidiaries, Number of Common Shares/Units | shares       5,000   5,000             5,000 5,000          
Thousands of Shares of Common Stock Outstanding | Teekay LNG | Revolving Credit Facilities | Subsequent Event                                      
Debt Instrument [Line Items]                                      
Debt Collateral, Equity Interest in Subsidiaries, Number of Common Shares/Units                     10,750,000 10,750              
FPSO                                      
Debt Instrument [Line Items]                                      
Debt Instrument, Collateral, Number of Vessels | vessel       2   2             2 2          
Number Of Vessels | vessel       3   3             3 3          
Transportation Equipment [Member] | Long Term Debt1 [Member]                                      
Debt Instrument [Line Items]                                      
Vessel Market Value To Loan Ratio       483.00%   483.00%             483.00% 483.00%          
Vessel Market Value to Loan Required Ratio       125.00%   125.00%             125.00% 125.00%          
Transportation Equipment [Member] | Long Term Debt2 [Member]                                      
Debt Instrument [Line Items]                                      
Vessel Market Value To Loan Ratio       234.00%   234.00%             234.00% 234.00%          
Vessel Market Value to Loan Required Ratio       115.00%   115.00%             115.00% 115.00%          
Transportation Equipment [Member] | Long Term Debt3 [Member]                                      
Debt Instrument [Line Items]                                      
Vessel Market Value To Loan Ratio       140.00%   140.00%             140.00% 140.00%          
Vessel Market Value to Loan Required Ratio       120.00%   120.00%             120.00% 120.00%          
Transportation Equipment [Member] | Long Term Debt4 [Member]                                      
Debt Instrument [Line Items]                                      
Vessel Market Value To Loan Ratio       203.00%   203.00%             203.00% 203.00%          
Vessel Market Value to Loan Required Ratio       135.00%   135.00%             135.00% 135.00%          
Transportation Equipment [Member] | Long Term Debt5 [Member]                                      
Debt Instrument [Line Items]                                      
Vessel Market Value To Loan Ratio       182.00%   182.00%             182.00% 182.00%          
Vessel Market Value to Loan Required Ratio       125.00%   125.00%             125.00% 125.00%