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
Sep. 30, 2021
Dec. 31, 2020
Non-recourse bank conduit facility [Member]    
Debt Instrument [Line Items]    
Total capacity [1] $ 1,017  
Less: Outstanding borrowings [1] 452  
Letters of Credit Outstanding, Amount [1] 0  
Available capacity [1] 565  
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] 51  
Available capacity [2] 949  
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 weighted average effective interest rate on borrowings from this facility were 3.19% and 3.02% as of September 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 September 30, 2021, these borrowings have been repaid. On October 22, 2021, the Company renewed this facility, extending the commitment period through October 2026. See Note 25—Subsequent Events for additional details.
[4] The carrying amounts of the secured notes and term loan are net of unamortized discounts of $14 million and $16 million as of September 30, 2021 and December 31, 2020, and net of unamortized debt financing costs of $6 million and $7 million as of September 30, 2021 and December 31, 2020.