Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

v3.23.3
Derivative Liabilities (Tables)
9 Months Ended
Sep. 30, 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 September 30,
2023
December 31,
2022
Public warrants
Level 1 $ $
Private placement warrants
Level 2
Common stock warrants
Earnout share liabilities Level 3
Total derivative liabilities
$ 11  $
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
September 30,
Nine Months Ended
September 30,
2023 2022 2023 2022
Common stock warrants
$ $ (2) $ (4) $ 56 
Earnout share liabilities
(1) (3) 47 
Change in fair value of derivative liabilities
$ $ (3) $ (7) $ 103