An air-conditioner including a main refrigerant circuit having a compressor, a heat-source-side heat exchanger, an expansion valve, and a utilization-side heat exchanger, a bypass path, another expansion valve that decompresses refrigerant flowing in the bypass path, an internal heat exchanger, an opening degree adjuster, and a setter that sets the target temperature difference on the basis of the degree of subcooling of the utilization-side heat exchanger.