Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Debt and Finance Leases

The following is a summary of our debt and finance leases as of December 31, 2022 (in millions):

					Unpaid		Unused
	Net Carrying Value				Principal		Committed		Contractual		Contractual
	Current		Long-Term		Balance		Amount (1)		Interest Rates		Maturity Date
Recourse debt:
2024 Notes	$	—	$	37	$	37	$	—	2.00	%	May 2024
Credit Agreement		—		—		—		2,266	Not applicable		July 2023
Solar Bonds		—		7		7		—	4.70-5.75	%	March 2025 - January 2031
Total recourse debt		—		44		44		2,266
Non-recourse debt:
Automotive Asset-backed Notes		984		613		1,603		—	0.36-4.64	%	December 2023-September 2025
Solar Asset-backed Notes		4		13		17		—	4.80	%	December 2026
Cash Equity Debt		28		359		397		—	5.25-5.81	%	July 2033-January 2035
Automotive Lease-backed Credit Facilities		—		—		—		151	Not applicable		September 2024
Total non-recourse debt		1,016		985		2,017		151
Total debt		1,016		1,029	$	2,061	$	2,417
Finance leases		486		568
Total debt and finance leases	$	1,502	$	1,597

The following is a summary of our debt and finance leases as of December 31, 2021 (in millions):

						Unpaid		Unused
	Net Carrying Value					Principal		Committed		Contractual		Contractual
	Current			Long-Term		Balance		Amount (1)		Interest Rates		Maturity Date
Recourse debt:
2022 Notes	$		29	$	—	$	29	$	—	2.375	%	March 2022
2024 Notes			1		89		91		—	2.00	%	May 2024
Credit Agreement			—		1,250		1,250		920	3.25	%	July 2023
Solar Bonds		0			7		7		—	4.00-5.75	%	January 2022-January 2031
Total recourse debt			30		1,346		1,377		920
Non-recourse debt:
Automotive Asset-backed Notes			1,007		1,706		2,723		—	0.12-5.48	%	September 2022-September 2025
Solar Asset and Loan-backed Notes			27		800		844		—	2.87-7.74	%	September 2024-September 2049
Cash Equity Debt			24		388		422		—	5.25-5.81	%	July 2033-January 2035
Automotive Lease-backed Credit Facilities			—		—		—		167	Not applicable		September 2023
Other Loans			—		14		14		21	5.10	%	February 2033
Total non-recourse debt			1,058		2,908		4,003		188
Total debt			1,088		4,254	$	5,380	$	1,108
Finance leases			501		991
Total debt and finance leases	$		1,589	$	5,245

(1)There are no restrictions on draw-down or use for general corporate purposes with respect to any available committed funds under our credit facilities, except certain specified conditions prior to draw-down, including pledging to our lenders sufficient amounts of qualified receivables, inventories, leased vehicles and our interests in those leases or various other assets and as may be described below.

Schedule of Future Principal Maturities of Debt

The future scheduled principal maturities of debt as of December 31, 2022 were as follows (in millions):

	Recourse debt		Non-recourse debt		Total
2023	$	0	$	1,020	$	1,020
2024		37		648		685
2025		4		35		39
2026		0		35		35
2027		—		25		25
Thereafter		3		254		257
Total	$	44	$	2,017	$	2,061