VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents		$ 1,137	$ 1,731	$ 1,413
Restricted cash		654	847
Real estate inventory, net		4,460	6,096
TOTAL ASSETS	[1]	6,608	9,506
Liabilities:
Total liabilities	[2]	5,522	7,258
Variable Interest Entity, Primary Beneficiary
ASSETS
Cash and cash equivalents		0	9
Restricted cash		636	838
Real estate inventory, net		4,408	6,046
Other		38	113
TOTAL ASSETS		5,082	7,006
Liabilities:
Non-recourse asset-backed debt		4,396	6,102
Other		72	70
Total liabilities		$ 4,468	$ 6,172

[1] The Company’s consolidated assets at December 31, 2022 and 2021 include the following assets of certain variable interest entities (“VIEs”) that can only be used to settle the liabilities of those VIEs: Cash and cash equivalents, $— and $9; Restricted cash, $636 and $838; Real estate inventory, net, $4,408 and $6,046; Escrow receivable, $29 and $78; Other current assets, $9 and $35; and Total assets of $5,082 and $7,006, respectively.

[2] The Company’s consolidated liabilities at December 31, 2022 and 2021 include the following liabilities for which the VIE creditors do not have recourse to Opendoor: Accounts payable and other accrued liabilities, $61 and $59; Interest payable, $11 and $11; Current portion of non-recourse asset-backed debt, $1,376 and $4,240; Non-recourse asset-backed debt, net of current portion, $3,020 and $1,862; and Total liabilities, $4,468 and $6,172, respectively.