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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net increase in stockholders’ equity resulting from operations $ 1,109 $ 426
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:    
Net realized losses (gains) on investments, foreign currency and other transactions 207 (55)
Net unrealized (gains) losses on investments, foreign currency and other transactions (395) 324
Realized loss on extinguishment of debt 0 48
Net accretion of discount on investments (12) (8)
PIK interest (119) (97)
Collections of PIK interest 44 30
PIK dividends (145) (126)
Collections of PIK dividends 11 27
Amortization of debt issuance costs 23 22
Net amortization of premium on notes payable (3) (3)
Proceeds from sales and repayments of investments and other transactions 4,024 5,565
Purchases of investments (3,852) (7,048)
Changes in operating assets and liabilities:    
Interest receivable (29) (12)
Other assets (29) 48
Operating lease right-of-use asset 7 6
Base management fees payable 2 9
Income based fees payable 2 (4)
Capital gains incentive fees payable 40 (89)
Interest and facility fees payable (20) (24)
Payable to participants 43 (9)
Accounts payable and other liabilities (27) (19)
Operating lease liabilities (11) (10)
Net cash provided by (used in) operating activities 870 (999)
FINANCING ACTIVITIES:    
Borrowings on debt 3,011 4,990
Repayments and repurchases of debt (3,702) (4,248)
Debt issuance costs (17) (15)
Net proceeds from issuance of common stock 919 808
Dividends paid (768) (665)
Secured borrowings, net (45) 5
Net cash (used in) provided by financing activities (602) 875
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 268 (124)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 337 486
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 605 362
Supplemental Information:    
Interest paid during the period 407 303
Taxes, including excise tax, paid during the period 29 33
Dividends declared and payable during the period $ 798 $ 677