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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES:      
Net increase in stockholders’ equity resulting from operations $ 600 $ 1,567 $ 484
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:      
Net realized (gains) losses on investments, foreign currency and other transactions (81) (283) 166
Net unrealized losses (gains) on investments, foreign currency and other transactions 525 (586) 144
Realized loss on extinguishment of debt 48 43 0
Net accretion of discount on investments (13) (16) (8)
PIK interest (138) (164) (150)
Collections of PIK interest 30 104 55
PIK dividends (175) (91) (67)
Collections of PIK dividends 71 122 1
Amortization of debt issuance costs 30 29 23
Net amortization of discount (premium) on notes payable (4) 2 8
Proceeds from sales and repayments of investments and other transactions 7,747 10,250 5,468
Purchases of investments (9,852) (13,644) (6,759)
Changes in operating assets and liabilities:      
Interest receivable (34) (24) 12
Receivable from participants 0 38 (38)
Other assets 58 10 (21)
Operating lease right-of-use asset 7 12 56
Base management fees payable 10 13 1
Income based fees payable 14 (72) 92
Capital gains incentive fees payable (126) 161 (58)
Interest and facility fees payable 5 17 29
Payable to participants (80) 42 63
Accounts payable and other liabilities 11 27 (20)
Operating lease liabilities (12) (16) (61)
Net cash used in operating activities (1,359) (2,459) (580)
FINANCING ACTIVITIES:      
Borrowings on debt 7,950 19,336 8,256
Repayments and repurchases of debt (6,818) (16,829) (6,737)
Debt issuance costs (16) (64) (37)
Net proceeds from issuance of common stock 1,001 819 4
Dividends paid (912) (694) (679)
Repurchases of common stock 0 0 (100)
Secured borrowings, net 5 51 23
Net cash provided by financing activities 1,210 2,619 730
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (149) 160 150
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 486 326 176
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 337 486 326
Supplemental Information:      
Interest paid during the period 402 310 243
Taxes, including excise tax, paid during the period 39 26 16
Dividends declared and payable during the period $ 941 $ 732 $ 679