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CREDIT FACILITIES AND LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following tables summarize certain details related to the Company's credit facilities and long-term debt as of June 30, 2023 and December 31, 2022 (in millions, except interest rates):

												Outstanding Amount
June 30, 2023						Borrowing Capacity						Current						Non-Current						Weighted Average Interest Rate						End of Revolving / Withdrawal Period						Final Maturity Date
Non-Recourse Asset-backed Debt:
Asset-backed Senior Revolving Credit Facilities
Revolving Facility 2018-2						$	1,000					$	15					$	—					7.48		%				June 30, 2025						June 30, 2025
Revolving Facility 2018-3						1,000						—						—						6.82		%				October 20, 2025						October 20, 2025
Revolving Facility 2019-1						600						—						—						7.34		%				July 31, 2023						July 31, 2023
Revolving Facility 2019-2						1,850						—						—						6.83		%				July 8, 2023						July 8, 2023
Revolving Facility 2019-3						925						—						—						—		%				April 5, 2024						April 4, 2025
Asset-backed Senior Term Debt Facilities
Term Debt Facility 2021-S1						100						—						100						3.48		%				January 2, 2025						April 1, 2025
Term Debt Facility 2021-S2						600						—						500						3.20		%				September 10, 2024						September 10, 2025
Term Debt Facility 2021-S3						1,000						—						750						3.75		%				January 31, 2027						July 31, 2027
Term Debt Facility 2022-S1						250						—						250						4.07		%				March 1, 2025						September 1, 2025
Total						$	7,325					$	15					$	1,600
Issuance Costs												—						(15)
Carrying Value												$	15					$	1,585
Asset-backed Mezzanine Term Debt Facilities
Term Debt Facility 2020-M1						2,300						—						800						10.00		%				April 1, 2025						April 1, 2026
Term Debt Facility 2022-M1						500						—						150						10.00		%				September 15, 2025						September 15, 2026
Total						$	2,800					$	—					$	950
Issuance Costs																		(8)
Carrying Value																		$	942
Total Non-Recourse Asset-backed Debt						$	10,125					$	15					$	2,527

						Outstanding Amount
December 31, 2022						Current						Non-Current						Weighted Average Interest Rate
Non-Recourse Asset-backed Debt:
Asset-backed Senior Revolving Credit Facilities
Revolving Facility 2018-2						$	472					$	—					4.86		%
Revolving Facility 2018-3						194						—						3.98		%
Revolving Facility 2019-1						55						—						4.41		%
Revolving Facility 2019-2						167						—						3.92		%
Revolving Facility 2019-3						—						—						3.86		%
Revolving Facility 2022-1						289						—						8.15		%
Asset-backed Senior Term Debt Facilities
Term Debt Facility 2021-S1						—						400						3.48		%
Term Debt Facility 2021-S2						—						500						3.20		%
Term Debt Facility 2021-S3						—						750						3.75		%
Term Debt Facility 2022-S1						—						250						4.07		%
Term Debt Facility 2022-S2						200						—						8.48		%
Total						$	1,377					$	1,900
Issuance Costs						(1)						(17)
Carrying Value						$	1,376					$	1,883
Asset-backed Mezzanine Term Debt Facilities
Term Debt Facility 2020-M1						$	—					$	1,000					10.00		%
Term Debt Facility 2022-M1						$	—					$	150					10.00		%
Total						$	—					$	1,150
Issuance Costs												(13)
Carrying Value												$	1,137
Total Non-Recourse Asset-backed Debt						$	1,376					$	3,020

Convertible Debt

The tables below summarize certain details related to the 2026 Notes (in millions, except interest rates):

June 30, 2023						Remaining Aggregate Principal Amount						Unamortized Debt Issuance Costs						Net Carrying Amount
2026 Notes						$	510					$	(9)					$	501

June 30, 2023						Maturity Date						Stated Cash Interest Rate						Effective Interest Rate						Semi-Annual Interest Payment Dates						Conversion Rate						Conversion Price
2026 Notes						August 15, 2026						0.25		%				0.78		%				February 15; August 15						51.9926						$	19.23

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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