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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES:    
Net increase in stockholders’ equity resulting from operations $ 278 $ 211
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:    
Net realized losses (gains) on investments, foreign currency and other transactions 50 (58)
Net unrealized gains on investments, foreign currency and other transactions (10) (3)
Realized loss on extinguishment of debt 0 48
Net accretion of discount on investments (5) (3)
PIK interest (41) (30)
Collections of PIK interest 26 27
PIK dividends (51) (41)
Collections of PIK dividends 0 3
Amortization of debt issuance costs 7 7
Net amortization of premium on notes payable (1) (1)
Proceeds from sales and repayments of investments and other transactions 1,759 2,579
Purchases of investments (1,121) (2,077)
Changes in operating assets and liabilities:    
Interest receivable (1) 18
Other assets (4) 6
Operating lease right-of-use asset 2 2
Base management fees payable 0 4
Income based fees payable 76 (16)
Capital gains incentive fees payable (6) (23)
Interest and facility fees payable (21) (32)
Payable to participants (16) (95)
Accounts payable and other liabilities (46) (41)
Operating lease liabilities (3) (4)
Net cash generated by operating activities 872 481
FINANCING ACTIVITIES:    
Borrowings on debt 1,014 1,752
Repayments and repurchases of debt (2,063) (2,293)
Debt issuance costs 0 (14)
Net proceeds from issuance of common stock 477 510
Dividends paid (261) (208)
Secured borrowings, net 1 0
Net cash used in financing activities (832) (253)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 40 228
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 337 486
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 377 714
Supplemental Information:    
Interest paid during the period 145 110
Taxes, including excise tax, paid during the period 28 25
Dividends declared and payable during the period $ 261 $ 220