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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision

The following table summarizes the components of the Company’s provision for income taxes for the periods presented (in millions):

			Year Ended December 31,
			2022						2021						2020
Current income tax expense:
Federal			$	—					$	—					$	—
State			2						1						—
Total current income tax expense			2						1						—
Income Tax Provision			$	2					$	1					$	—

Schedule of Effective Income Tax Rate Reconciliation

The following table presents a reconciliation of the U.S. federal statutory income tax rates to the Company’s effective income tax rate for the periods presented:

			Year Ended December 31,
			2022						2021						2020
U. S. Federal tax benefit at statutory rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal benefit			2.7						3.4						3.5
Non-deductible expenses and other			(1.2)						(0.4)						0.4
Non-deductible warrant expenses			—						0.4						3.0
Loss on convertible note exchange			—						—						(2.4)
Share-based compensation			(1.7)						7.0						0.4
Deduction limitation on executive compensation			(0.3)						(14.1)						(2.1)
Change in valuation allowance, net			(21.4)						(19.5)						(23.9)
Research and development credits			0.5						2.0						0.1
Effective tax rate			(0.4)		%				(0.2)		%				—		%

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income taxes purposes. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2022 and 2021, are as follows (in millions):

			December 31, 2022						December 31, 2021
Deferred tax assets:
Accrued and reserves			$	128					$	21
Inventory			34						34
Tax credits			41						33
Lease Liabilities			11						11
Section 174 capitalization			50						—
Goodwill			8						—
Net operating loss			404						293
Total deferred tax assets			676						392
Less: Valuation allowance			(664)						(376)
Deferred tax assets, net of valuation allowance			12						16
Deferred tax liabilities:
Depreciation and amortization			(2)						(5)
Goodwill			—						(1)
Right-of-use assets			(10)						(10)
Deferred tax liabilities			(12)						(16)
Net deferred tax assets and liabilities			$	—					$	—

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in millions):

			Year Ended December 31,
			2022						2021						2020
Unrecognized tax benefits as of the beginning of the year			$	15					$	6					$	5
Decrease related to prior year tax provisions			—						—						(1)
Increase related to current year tax provisions			5						9						2
Unrecognized tax benefits as of the end of the year			$	20					$	15					$	6

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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