| Assets and Liabilities Measured at Fair Value |
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¹ó²¹¾±°ùÌý³Õ²¹±ô³Ü±ðÌý²Ñ±ð²¹²õ³Ü°ù±ð³¾±ð²Ô³Ù²õÌý²¹³Ù |
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¹ó²¹¾±°ùÌý³Õ²¹±ô³Ü±ðÌý²Ñ±ð²¹²õ³Ü°ù±ð³¾±ð²Ô³Ù²õÌý²¹³Ù |
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September 30, 2022 |
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December 31, 2021 |
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ÌýÌýÌýÌý |
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ÌýÌýÌýÌý |
Quoted |
ÌýÌýÌýÌý |
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ÌýÌýÌýÌý |
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ÌýÌýÌýÌý |
Quoted |
ÌýÌýÌýÌý |
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ÌýÌý |
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prices |
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prices |
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¾±²ÔÌý²¹³¦³Ù¾±±¹±ð |
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Significant |
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¾±²ÔÌý²¹³¦³Ù¾±±¹±ð |
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Significant |
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markets |
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other |
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markets |
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other |
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´Ú´Ç°ùÌý¾±»å±ð²Ô³Ù¾±³¦²¹±ô |
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observable |
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´Ú´Ç°ùÌý¾±»å±ð²Ô³Ù¾±³¦²¹±ô |
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observable |
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assets |
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inputs |
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assets |
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inputs |
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Description |
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Total |
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(³¢±ð±¹±ð±ôÌý1) |
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(³¢±ð±¹±ð±ôÌý2) |
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Total |
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(³¢±ð±¹±ð±ôÌý1) |
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(³¢±ð±¹±ð±ôÌý2) |
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|
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²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
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Cash equivalents |
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$ |
2,348 |
Ìý |
2,348 |
Ìý |
— |
Ìý |
2,436 |
ÌýÌýÌýÌý |
2,436 |
ÌýÌýÌýÌý |
— |
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Investment in trust account |
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$ |
578 |
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578 |
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— |
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575 |
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575 |
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— |
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Debt and equity securities |
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$ |
108 |
Ìý |
108 |
Ìý |
— |
Ìý |
217 |
ÌýÌýÌýÌý |
217 |
ÌýÌýÌýÌý |
— |
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Financial instrument assets |
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$ |
380 |
Ìý |
81 |
Ìý |
299 |
Ìý |
640 |
ÌýÌýÌýÌý |
99 |
ÌýÌýÌýÌý |
541 |
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Debt |
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$ |
3,351 |
Ìý |
— |
Ìý |
3,351 |
Ìý |
5,222 |
ÌýÌýÌýÌý |
— |
ÌýÌýÌýÌý |
5,222 |
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Financial instrument liabilities |
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$ |
— |
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— |
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— |
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59 |
ÌýÌýÌýÌý |
20 |
ÌýÌýÌýÌý |
39 |
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| Realized and Unrealized Gains (Losses) on Financial Instruments |
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
ÌýÌýÌýÌý |
2022 |
ÌýÌýÌýÌý |
2021 |
Ìý |
|
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²¹³¾´Ç³Ü²Ô³Ù²õÌý¾±²ÔÌý³¾¾±±ô±ô¾±´Ç²Ô²õ |
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Debt and equity securities |
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$ |
2 |
Ìý |
(6) |
Ìý |
(10) |
Ìý |
210 |
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Debt measured at fair value (a) |
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45 |
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(57) |
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691 |
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(241) |
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Change in fair value of bond hedges (b) |
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21 |
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18 |
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(248) |
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77 |
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Other |
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Ìý |
38 |
Ìý |
5 |
Ìý |
112 |
Ìý |
20 |
​ |
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$ |
106 |
Ìý |
(40) |
Ìý |
545 |
Ìý |
66 |
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(a) |
The Company elected to account for its exchangeable senior debentures and convertible notes (as described in note 8) using the fair value option. Changes in the fair value of the exchangeable senior debentures and convertible notes recognized in the condensed consolidated statements of operations are primarily due to market factors primarily driven by changes in the fair value of the underlying shares into which the debt is exchangeable. The Company isolates the portion of the unrealized gain (loss) attributable to changes in the instrument specific credit risk and recognizes such amount in other comprehensive earnings (loss). The change in the fair value of the exchangeable senior debentures and convertible notes attributable to changes in the instrument specific credit risk was a loss of $41 million and a loss of $46 million for the three months ended September 30, 2022 and 2021, respectively, and zero net impact and a loss of |
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