Quarterly report pursuant to Section 13 or 15(d)

Debt (Summary Of Available Capacity Under Borrowing Arrangements) (Details)

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Debt (Summary Of Available Capacity Under Borrowing Arrangements) (Details) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Non-recourse bank conduit facility [Member]    
Debt Instrument [Line Items]    
Total capacity [1] $ 1,025  
Less: Outstanding borrowings [1] 299  
Letters of Credit Outstanding, Amount [1] 0  
Available capacity [1] 726  
Revolving Credit Facility | Secured Revolving Credit Facility due May 2023    
Debt Instrument [Line Items]    
Debt instrument, face amount 1,000  
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] 0 [2] $ 547
Letters of Credit Outstanding, Amount [2] 66  
Available capacity [2] 934  
Debt instrument, face amount $ 1,000  
[1] Consists of the Company’s USD bank conduit facility and AUD/NZD bank conduit facility. The capacity of these facilities is 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 $14 million and $16 million as of June 30, 2021 and December 31, 2020, and net of unamortized debt financing costs of $7 million as of June 30, 2021 and December 31, 2020.
[4] The weighted average effective interest rate on borrowings from this facility were 3.19% and 3.02% as of June 30, 2021 and December 31, 2020. In late March 2020, the Company drew down its $1.0 billion secured revolving credit facility as a precautionary measure due to COVID-19. As of June 30, 2021, these borrowings have been repaid.