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DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Certain information related to the Company’s foreign currency forward derivative instruments as of September 30, 2023 and December 31, 2022 is presented below.

			As of September 30, 2023
Derivative Instrument			Notional Amount									Maturity Date						Gross Amount of Recognized Assets						Gross Amount of Recognized Liabilities						Balance Sheet Location of Net Amounts
Foreign currency forward contract			CAD			172						10/27/2023						$	129					$	(126)					Other assets
Foreign currency forward contract			€			167						10/27/2023						186						(177)						Other assets
Foreign currency forward contract			CAD			153						10/19/2023						113						(112)						Other assets
Foreign currency forward contract			£			112						10/27/2023						145						(137)						Other assets
Foreign currency forward contract			NZD			68						10/27/2023						42						(41)						Other assets
Foreign currency forward contract			£			25						8/21/2026						31						(30)						Other assets
Foreign currency forward contract			CAD			13						10/10/2023						10						(10)						Accounts payable and other liabilities
Foreign currency forward contract			€			12						1/26/2024						13						(13)						Accounts payable and other liabilities
Foreign currency forward contract			€			10						10/6/2023						11						(11)						Accounts payable and other liabilities
Foreign currency forward contract			CAD			1						10/27/2023						—						—						Accounts payable and other liabilities
Total																		$	680					$	(657)

			As of December 31, 2022
Derivative Instrument			Notional Amount									Maturity Date						Gross Amount of Recognized Assets						Gross Amount of Recognized Liabilities						Balance Sheet Location of Net Amounts
Foreign currency forward contract			CAD			264						1/27/2023						$	195					$	(196)					Accounts payable and other liabilities
Foreign currency forward contract			CAD			242						1/18/2023						178						(179)						Accounts payable and other liabilities
Foreign currency forward contract			€			158						1/27/2023						159						(169)						Accounts payable and other liabilities
Foreign currency forward contract			£			125						1/27/2023						145						(151)						Accounts payable and other liabilities
Foreign currency forward contract			NZD			59						1/27/2023						34						(37)						Accounts payable and other liabilities
Foreign currency forward contract			CAD			17						1/27/2023						12						(12)						Accounts payable and other liabilities
Total																		$	723					$	(744)

Schedule of Net Realized and Unrealized Gains (Losses) on Derivative Instruments

Net realized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recognized by the Company for the three and nine months ended September 30, 2023 and 2022 is in the following location in the consolidated statements of operations:

						For the Three Months Ended September 30,												For the Nine Months Ended September 30,
Derivative Instrument			Statement Location			2023						2022						2023						2022
Foreign currency forward contract			Net realized gains (losses) from foreign currency and other transactions			$	(7)					$	22					(39)						$	36
Total						$	(7)					$	22					$	(39)					$	36

Net unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recognized by the Company for the three and nine months ended September 30, 2023 and 2022 is in the following location in the consolidated statements of operations:

						For the Three Months Ended September 30,												For the Nine Months Ended September 30,
Derivative Instrument			Statement Location			2023						2022						2023						2022
Foreign currency forward contract			Net unrealized gains (losses) from foreign currency and other transactions			$	26					$	31					$	44					$	52
Total						$	26					$	31					$	44					$	52

Schedule of Interest Rate Swap Derivative Instruments

The balance sheet impact of fair valuing the interest rate swap as of September 30, 2023 is presented below:

As of September 30, 2023

Derivative Instrument

Notional Amount

Maturity Date

Gross Amount of Recognized Assets

Gross Amount of Recognized Liabilities

Balance Sheet Location of Amounts

Interest rate swap(1)

$

600

1/15/2027

$

—

$

(5)

Accounts payable and other liabilities

________________________________________

(1)The liability related to the fair value of the interest rate swap is offset by a $5 reduction to the carrying value of the January 2027 Notes.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

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