Annual report pursuant to Section 13 and 15(d)

Equity Method Investments (Tables)

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Equity Method Investments (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments As of December 31, 2021, we held the following equity method investments:
Investment Date Investee Carrying Value
    (in millions)
Various Jupiter Equity Holdings, LLC $ 540 
December 2020
Lighthouse Partnerships (1)
390 
March 2020 University of Iowa Energy Collaborative Holdings LLC 123 
Various Other investees 707 
Total equity method investments $ 1,760 
(1)Represents the total of three equity investments in a portfolio of a renewable energy projects discussed below.
The following is a summary of the consolidated balance sheets and income statements of the entities in which we have a significant equity method investment. These amounts are presented on the underlying investees’ accounting basis. In certain instances, adjustment to these equity values may be necessary in order to reflect our basis in these investments. As described in Note 2, any difference between the amount of our investment and the amount of our share of underlying equity is generally amortized over the life of the assets and liabilities to which the differences relate.
Vivint Solar Asset 3 Borrower, LLC
Rosie Targetco, LLC
Other Investments (1)
Total
Balance Sheet in millions
As of September 30, 2021
Current assets $ 20  $ 13  $ 754  $ 787 
Total assets 406  282  11,188  11,876 
Current liabilities 16  5  741  762 
Total liabilities 383  101  4,558  5,042 
Members’ equity 23  181  6,630  6,834 
As of December 31, 2020
Current assets 86  25  671  782 
Total assets 303  299  9,637  10,239 
Current liabilities 3  19  631  653 
Total liabilities 139  118  3,845  4,102 
Members’ equity 164  181  5,792  6,137 
Income Statement
For the nine months ended September 30, 2021
Revenue 20  11  65  96 
Income from continuing operations 3  (2) (493) (492)
Net income 3  (2) (493) (492)
For the year ended December 31, 2020
Revenue 2  1  367  370 
Income from continuing operations (2) (5) (232) (239)
Net income (2) (5) (232) (239)
For the year ended December 31, 2019
Revenue —  —  273  273 
Income from continuing operations —  —  (97) (97)
Net income —  —  (97) (97)
(1)Represents aggregated financial statement information for investments not separately presented.