{
  "as_of": "2026-10-26",
  "unit": "hypothetical consistent units; not actual company dollars or balances",
  "comparisons": [
    {
      "id": "starting_snapshot",
      "lease": 100,
      "racks": 60,
      "fraction": 0.725,
      "support_base": 72.5,
      "illustrative_shortfall": 12.5,
      "actual_claim": null,
      "actual_cash_paid": null
    },
    {
      "id": "lower_lease_steady_recovery",
      "lease": 60,
      "racks": 40,
      "fraction": 0.725,
      "support_base": 43.5,
      "illustrative_shortfall": 3.5,
      "actual_claim": null,
      "actual_cash_paid": null
    },
    {
      "id": "lower_lease_weaker_recovery",
      "lease": 60,
      "racks": 20,
      "fraction": 0.725,
      "support_base": 43.5,
      "illustrative_shortfall": 23.5,
      "actual_claim": null,
      "actual_cash_paid": null
    }
  ],
  "grid": [
    {
      "lease": 100,
      "cells": [
        {
          "lease": 100,
          "racks": 80,
          "fraction": 0.725,
          "support_base": 72.5,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 100,
          "racks": 60,
          "fraction": 0.725,
          "support_base": 72.5,
          "illustrative_shortfall": 12.5,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 100,
          "racks": 40,
          "fraction": 0.725,
          "support_base": 72.5,
          "illustrative_shortfall": 32.5,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 100,
          "racks": 20,
          "fraction": 0.725,
          "support_base": 72.5,
          "illustrative_shortfall": 52.5,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 100,
          "racks": 0,
          "fraction": 0.725,
          "support_base": 72.5,
          "illustrative_shortfall": 72.5,
          "actual_claim": null,
          "actual_cash_paid": null
        }
      ]
    },
    {
      "lease": 80,
      "cells": [
        {
          "lease": 80,
          "racks": 80,
          "fraction": 0.725,
          "support_base": 58,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 80,
          "racks": 60,
          "fraction": 0.725,
          "support_base": 58,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 80,
          "racks": 40,
          "fraction": 0.725,
          "support_base": 58,
          "illustrative_shortfall": 18,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 80,
          "racks": 20,
          "fraction": 0.725,
          "support_base": 58,
          "illustrative_shortfall": 38,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 80,
          "racks": 0,
          "fraction": 0.725,
          "support_base": 58,
          "illustrative_shortfall": 58,
          "actual_claim": null,
          "actual_cash_paid": null
        }
      ]
    },
    {
      "lease": 60,
      "cells": [
        {
          "lease": 60,
          "racks": 80,
          "fraction": 0.725,
          "support_base": 43.5,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 60,
          "racks": 60,
          "fraction": 0.725,
          "support_base": 43.5,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 60,
          "racks": 40,
          "fraction": 0.725,
          "support_base": 43.5,
          "illustrative_shortfall": 3.5,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 60,
          "racks": 20,
          "fraction": 0.725,
          "support_base": 43.5,
          "illustrative_shortfall": 23.5,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 60,
          "racks": 0,
          "fraction": 0.725,
          "support_base": 43.5,
          "illustrative_shortfall": 43.5,
          "actual_claim": null,
          "actual_cash_paid": null
        }
      ]
    },
    {
      "lease": 40,
      "cells": [
        {
          "lease": 40,
          "racks": 80,
          "fraction": 0.725,
          "support_base": 29,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 40,
          "racks": 60,
          "fraction": 0.725,
          "support_base": 29,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 40,
          "racks": 40,
          "fraction": 0.725,
          "support_base": 29,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 40,
          "racks": 20,
          "fraction": 0.725,
          "support_base": 29,
          "illustrative_shortfall": 9,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 40,
          "racks": 0,
          "fraction": 0.725,
          "support_base": 29,
          "illustrative_shortfall": 29,
          "actual_claim": null,
          "actual_cash_paid": null
        }
      ]
    },
    {
      "lease": 20,
      "cells": [
        {
          "lease": 20,
          "racks": 80,
          "fraction": 0.725,
          "support_base": 14.5,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 20,
          "racks": 60,
          "fraction": 0.725,
          "support_base": 14.5,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 20,
          "racks": 40,
          "fraction": 0.725,
          "support_base": 14.5,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 20,
          "racks": 20,
          "fraction": 0.725,
          "support_base": 14.5,
          "illustrative_shortfall": 0,
          "actual_claim": null,
          "actual_cash_paid": null
        },
        {
          "lease": 20,
          "racks": 0,
          "fraction": 0.725,
          "support_base": 14.5,
          "illustrative_shortfall": 14.5,
          "actual_claim": null,
          "actual_cash_paid": null
        }
      ]
    }
  ],
  "declining_balance_example": {
    "lease_reduction": 40,
    "base_reduction": 29,
    "rack_value_reduction": 40,
    "shortfall_increase": 11
  },
  "zero_shortfall_threshold_fraction": 0.725,
  "observed_transaction_usd_bn": 63,
  "expected_peak_support_usd_bn": 43,
  "actual_tranche_split": null,
  "actual_funding": null,
  "expected_loss": null
}