v3.26.1
FAIR VALUE DISCLOSURES (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Disclosure of Asset and Liability Not Measured at Fair Value
The following presents the carrying value, estimated fair value and the levels of the fair value hierarchy for the Company’s financial instruments other than assets and liabilities measured at fair value on a recurring basis (in millions):
June 30, 2026
Carrying
Value
Fair ValueLevel 1Level 2
Assets:
Cash and cash equivalents$896 $896 $896 $— 
Restricted cash66 66 66 — 
Liabilities:
Non-recourse asset-backed debt
$1,762 $1,755 $— $1,755 
Convertible senior notes
194 350 — 350 
December 31, 2025
Carrying
Value
Fair ValueLevel 1Level 2
Assets:
Cash and cash equivalents$962 $962 $962 $— 
Restricted cash339 339 339 — 
Liabilities:
Non-recourse asset-backed debt
$1,120 $1,113 $— $1,113 
Convertible senior notes
193 384 — 384