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CREDIT FACILITIES AND LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2021
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 December 31, 2021 and 2020 (in millions, except interest rates):
Outstanding Amount
December 31, 2021
Borrowing
Capacity
CurrentNon-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$1,250 $759 $— 2.84 %September 23, 2022December 23, 2022
Revolving Facility 2018-3750 673 — 2.39 %May 26, 2024May 26, 2024
Revolving Facility 2019-1900 648 — 2.84 %June 30, 2023June 30, 2023
Revolving Facility 2019-21,850 1,149 — 2.52 %July 8, 2023July 8, 2024
Revolving Facility 2019-3925 886 — 3.25 %August 22, 2022August 21, 2023
Revolving Facility 2021-1125 125 — 2.15 %October 31, 2022October 31, 2022
Asset-backed Senior Term Debt Facilities
Term Debt Facility 2021-S1400 — 400 3.48 %April 1, 2024April 1, 2025
Term Debt Facility 2021-S2600 — 500 3.20 %September 10, 2024September 10, 2025
Term Debt Facility 2021-S31,000 — — 3.75 %
5 Years from Initial Draw Date
5 Years, 6 Months from Initial Draw Date
Total$7,800 $4,240 $900 
Issuance Costs(3)
Carrying Value$897 
Asset-backed Mezzanine Term Debt Facilities
Term Debt Facility 2020-M1$3,000 $— $1,000 10.00 %April 1, 2025April 1, 2026
Total$3,000 $— $1,000 
Issuance Costs(35)
Carrying Value$965 
Total Non-Recourse Asset-backed Debt$10,800 $4,240 $1,862 
Recourse Debt - Other Secured Borrowings:
Mortgage Financing
Repo Facility 2019-R1$100 $7 $— 1.84 %May 26, 2022May 26, 2022
Total Recourse Debt$100 $7 $— 
Outstanding Amount
December 31, 2020CurrentNon-Current
Weighted
Average
Interest Rate
Non-Recourse Asset-backed Debt:
Asset-backed Senior Revolving Credit Facilities
Revolving Facility 2018-1$— $— 4.28 %
Revolving Facility 2018-2— — 4.36 %
Revolving Facility 2018-325 — 4.19 %
Revolving Facility 2019-133 — 3.58 %
Revolving Facility 2019-2230 — 3.08 %
Revolving Facility 2019-351 — 3.60 %
Total$339 $— 
Asset-backed Mezzanine Term Debt Facilities
Term Debt Facility 2016-M1$— $40 10.00 %
Term Debt Facility 2020-M1— 100 10.00 %
Total$— $140 
Issuance Costs(5)
Carrying Value$135 
Total Non-Recourse Asset-backed Debt$339 $135 
Recourse Debt - Other Secured Borrowings:
Mortgage Financing
Repo Facility 2019-R1$7 $— 1.94 %
Total Recourse Debt$7 $— 
Convertible Senior Notes The tables below summarizes certain details related to the 2026 Notes (in millions, except interest rates):
December 31, 2021
Aggregate Principal Amount
Unamortized Debt Issuance CostsNet Carrying Amount
2026 Notes$978 $(24)$954 

December 31, 2021Maturity DateStated Cash Interest RateEffective Interest RateSemi-Annual Interest Payment DatesConversion RateConversion Price
2026 NotesAugust 15, 20260.25 %0.77 %February 15; August 1551.9926$19.23