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Debt (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Summary of credit facilities | We had outstanding borrowings, letters of credit issued, and availability under our credit facilities as follows (amounts in millions and currency in U.S. dollars, except as noted):
|  |  |  |  |  | September 30, 2021
|  | Facility Amount |  | Maturity Date |  | Outstanding Borrowings |  | Letters of Credit Issued (a) |  | Availability
Committed facilities: |  |  |  |  |  |  |  |  |  |
Valero Revolver |  | $ | 4,000 |  |  | March 2024 |  | $ | — |  |  | $ | 288 |  |  | $ | 3,712 |
Canadian Revolver |  | C$ | 150 |  |  | November 2021 |  | C$ | — |  |  | C$ | 5 |  |  | C$ | 145 |
Accounts receivable sales facility (b) |  | $ | 1,300 |  |  | July 2022 |  | $ | — |  |  | n/a |  | $ | 1,300 |
Letter of credit facility |  | $ | 50 |  |  | November 2021 |  | n/a |  | $ | — |  |  | $ | 50 |
Committed facilities of VIEs (c): |  |  |  |  |  |  |  |  |  |
DGD Revolver |  | $ | 400 |  |  | March 2024 |  | $ | 100 |  |  | $ | 7 |  |  | $ | 293 |
IEnova Revolver |  | $ | 743 |  |  | February 2028 |  | $ | 627 |  |  | n/a |  | $ | 116 |
Uncommitted facilities: |  |  |  |  |  |  |  |  |  |
Letter of credit facilities |  | n/a |  | n/a |  | n/a |  | $ | 127 |  |  | n/a
________________________ (a)Letters of credit issued as of September 30, 2021 expire at various times in 2021 through 2023. (b)In July 2021, we extended the maturity date of this facility to July 2022 and increased the facility amount from $1.0 billion to $1.3 billion. (c)Creditors of our VIEs do not have recourse against us. Activity under our credit facilities was as follows (in millions):
| Nine Months Ended September 30, |  |
| 2021 |  | 2020 |  |  |  |
Borrowings: |  |  |  |  |  |  |
Accounts receivable sales facility | $ | — |  |  | $ | 300 |  |  |  |  |
DGD Revolver | 100 |  |  | — |  |  |  |  |
IEnova Revolver | 29 |  |  | 202 |  |  |  |  |
Repayments: |  |  |  |  |  |  |
Accounts receivable sales facility | — |  |  | (400) |  |  |  |  |
Interest and debt expense, net of capitalized interest | “Interest and debt expense, net of capitalized interest” is comprised as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Interest and debt expense | $ | 162 |  |  | $ | 162 |  |  | $ | 488 |  |  | $ | 468 |
Less: Capitalized interest | 10 |  |  | 19 |  |  | 37 |  |  | 58 |
Interest and debt expense, net of capitalized interest | $ | 152 |  |  | $ | 143 |  |  | $ | 451 |  |  | $ | 410 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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