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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES:    
Net increase in stockholders’ equity resulting from operations $ 609 $ 322
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:    
Net realized losses (gains) on investments, foreign currency and other transactions 131 (55)
Net unrealized (gains) losses on investments, foreign currency and other transactions (108) 140
Realized loss on extinguishment of debt 0 48
Net accretion of discount on investments (9) (5)
PIK interest (81) (63)
Collections of PIK interest 27 28
PIK dividends (95) (82)
Collections of PIK dividends 11 4
Amortization of debt issuance costs 15 15
Net amortization of premium on notes payable (2) (3)
Proceeds from sales and repayments of investments and other transactions 2,858 3,608
Purchases of investments (2,452) (4,849)
Changes in operating assets and liabilities:    
Interest receivable (9) 7
Other assets (16) 27
Operating lease right-of-use asset 5 3
Base management fees payable 0 6
Income based fees payable (2) (10)
Capital gains incentive fees payable (2) (53)
Interest and facility fees payable (18) (11)
Payable to participants 8 (57)
Accounts payable and other liabilities (39) (33)
Operating lease liabilities (7) (6)
Net cash provided by (used in) operating activities 824 (1,019)
FINANCING ACTIVITIES:    
Borrowings on debt 1,897 3,550
Repayments and repurchases of debt (2,739) (2,893)
Debt issuance costs (12) (15)
Net proceeds from issuance of common stock 704 579
Dividends paid (514) (431)
Secured borrowings, net (44) 4
Net cash (used in) provided by financing activities (708) 794
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 116 (225)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 337 486
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 453 261
Supplemental Information:    
Interest paid during the period 271 182
Taxes, including excise tax, paid during the period 28 54
Dividends declared and payable during the period $ 527 $ 443