DEBT (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The following table summarizes the Company’s outstanding debt:

		December 31, 2021				December 31, 2022
	Maturity	Amount (in millions)		Effective Interest Rate		Amount (in millions)		Effective Interest Rate
2026 Notes	2026	$	1,250	7.0	%	$	1,250	11.3	%
Total long-term debt		1,250				1,250
Less unamortized discount and debt issuance costs		(24)				(19)
Long-term debt, less unamortized discount and debt issuance costs		1,226				1,231
Less: Current portion		—				—
Total long-term debt, less current portion		$	1,226			$	1,231

Debt Securities, Trading, and Equity Securities, FV-NI

During the year ended December 31, 2021, the loss on the 2021 Convertible Notes was recognized in “Loss on convertible notes, net” in the Consolidated Statement of Operations and was calculated as follows (in millions):

	Year Ended December 31, 2021
	Fair value of shares issued upon conversion		Unpaid principal balance		Loss on convertible notes, net
2021 Convertible Notes	$	2,941	$	2,500	$	(441)