Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

Derivative Liabilities (Tables)
3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Liabilities Measured at Fair Value on Recurring Basis The components of derivative liabilities measured at fair value on a recurring basis were as follows (in millions):
As of
Fair value level March 31,
December 31,
Public warrants
Level 1 $ $
Private placement warrants
Level 2
Common stock warrants
Earnout share liabilities Level 3
Total derivative liabilities
$ $
Schedule of Fair Value of Derivative Liabilities
The components of change in fair value of derivative liabilities were as follows (in millions):
Three Months Ended March 31,
2023 2022
Change in fair value of derivative liabilities:
Common stock warrants
$ (1) $ 35 
Earnout share liabilities
(1) 31 
Total change in fair value of derivative liabilities
$ (2) $ 66