Financing Activities (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Debt

The following table details the equity and liability component recognized related to the Convertible Notes, prior to and following the adoption of ASU 2020-06:

(in millions)	March 31, 2022		December 31, 2021
Equity component:
Carrying amount of Convertible Notes	$	—	$	311
Carrying amount of issuance costs	—		(11)
Net carrying amount	$	—	$	300
Liability component:
Principal amount	$	1,933	$	2,097
Unamortized debt discount	—		(255)
Net carrying amount	$	1,933	$	1,842

Interest Income and Interest Expense Disclosure

The Company recognized interest expense associated with the Convertible Notes as follows:

	Three months ended March 31,
(in millions)	2022		2021
Non-cash amortization of the debt discount	$	—	$	19
Non-cash amortization of debt issuance costs	3		2
Contractual coupon interest	6		7
Total interest expense	$	9	$	28