DESCRIPTION OF BUSINESS AND ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following table provides the impact of the correction on the Company's consolidated balance sheet as of December 31, 2020, as presented herein (in millions):

	December 31, 2020
	Previously Stated		Adjustments	As Corrected
WARRANT LIABILITIES	$	—	47	$	47
Total liabilities	$	576	47	$	623
Additional paid-in capital	$	2,677	(81)	$	2,596
Accumulated deficit	(1,077)		34	(1,043)
Total shareholders' equity	$	1,600	(47)	$	1,553

The following table provides the impact of the correction on the Company's consolidated statement of operations for the year ended December 31, 2020 (in millions):

	Year Ended December 31, 2020
	Previously Stated		Adjustments		As Corrected
DERIVATIVE AND WARRANT FAIR VALUE ADJUSTMENT	$	(26)	34		$	8
LOSS BEFORE INCOME TAXES	$	(287)	34		$	(253)
NET LOSS	$	(287)	34		$	(253)
Net loss per share attributable to common shareholders:
Basic	$	(2.62)	$	0.31	$	(2.31)
Diluted	$	(2.62)	$	0.31	$	(2.31)

Other than the changes made to reflect the impact of the recognition of the fair value of the Sponsor Warrants liability at the Closing Date to additional paid-in capital and the subsequent remeasurement of the fair value of the warrant liability at December 31, 2020 to accumulated deficit, there have been no changes to the Company's consolidated statement of temporary equity and shareholders’ equity (deficit) (in millions).

	Year Ended December 31, 2020
	Previously Stated		Adjustments	As Corrected
Additional paid-in capital	$	2,677	(81)	$	2,596
Accumulated deficit	(1,077)		34	(1,043)
Total shareholders' equity	$	1,600	(47)	$	1,553

The following table provides the impact of the correction on the Company's consolidated statement of cash flows for the year ended December 31, 2020 (in millions):

	Year Ended December 31, 2020
	Previously Stated		Adjustments	As Corrected
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(287)	34	$	(253)
Adjustments to reconcile net loss to cash, cash equivalents, and restricted cash provided by (used in) operating activities:
Warrant fair value adjustment	$	3	(34)	$	(31)
DISCLOSURES OF NONCASH FINANCING ACTIVITIES:
Recognition of warrant liability	$	—	81	$	81

Schedule of Property, Plant and Equipment

The estimated useful lives of the Company’s property and equipment are as follows:

Internally developed software	2 years
Software implementation costs	Lesser of 3 years or contract term
Computers	2 years
Security systems	1 year
Furniture and fixtures	5 years
Leasehold improvements	Lesser of useful life or lease term
Office equipment	3 years

Property and equipment as of December 31, 2021 and 2020, consisted of the following (in millions):

	2021		2020
Internally developed software	$	71	$	48
Computers	11		5
Security systems	10		1
Furniture and fixtures	3		3
Software implementation costs	3		2
Leasehold improvements	2		2
Office equipment	2		2
Total	102		63
Accumulated depreciation and amortization	(57)		(34)
Property and equipment – net	$	45	$	29

Schedule of Impairment Loss Recognized

The impairment loss recognized during the periods presented are as follows (in millions):

	Year Ended December 31,
	2021		2020		2019
General and administrative	$	1	$	1	$	—
Technology and development	3		1		—
Total impairment loss	$	4	$	2	$	—