v3.24.2
Debt (Summary Of Available Capacity Under Borrowing Arrangements) (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Non-recourse bank conduit facility [Member]    
Debt Instrument [Line Items]    
Total capacity [1] $ 749  
Less: Outstanding borrowings [1] 407  
Letters of Credit Outstanding, Amount [1] 0  
Available capacity [1] 342  
Revolving Credit Facility | Revolving Credit Facility | Secured Revolving Credit Facility due May 2023    
Debt Instrument [Line Items]    
Total capacity [2] 1,000  
Less: Outstanding borrowings [3],[4] 304 [2] $ 0
Letters of Credit Outstanding, Amount [2] 2  
Available capacity [2] 694  
Debt instrument, face amount $ 1,000  
[1] Consists of the Company’s USD bank conduit facility and AUD/NZD bank conduit facility. The capacities of these facilities are subject to the Company’s ability to provide additional assets to collateralize additional non-recourse borrowings.
[2] Consists of the Company’s $1.0 billion secured revolving credit facility.
[3] The carrying amounts of the secured notes and term loan are net of unamortized discounts of $17 million and $20 million as of June 30, 2024 and December 31, 2023, and net of unamortized debt financing costs of $10 million and $12 million as of June 30, 2024 and December 31, 2023.
[4] The weighted average effective interest rate on facility borrowings was 7.61% and 7.47% as of June 30, 2024 and December 31, 2023.