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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES:    
Net increase in stockholders' equity resulting from operations $ 449 $ 278
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:    
Net realized losses on investments, foreign currency and other transactions 18 50
Net unrealized gains on investments, foreign currency and other transactions (156) (10)
Realized loss on extinguishment of debt 14 0
Net accretion of discount on investments (4) (5)
PIK interest (48) (41)
Collections of PIK interest 3 26
PIK dividends (56) (51)
Amortization of debt issuance costs 8 7
Net amortization of premium on notes payable (2) (1)
Proceeds from sales and repayments of investments and other transactions 2,705 1,759
Purchases of investments (2,947) (1,121)
Changes in operating assets and liabilities:    
Interest receivable 10 (1)
Other assets 4 (4)
Operating lease right-of-use asset 1 2
Base management fee payable 3 0
Income based fee payable (2) 76
Capital gains incentive fee payable 24 (6)
Interest and facility fees payable (25) (21)
Payable to participants 39 (16)
Accounts payable and other liabilities (57) (46)
Operating lease liabilities (2) (3)
Net cash (used in) provided by operating activities (21) 872
FINANCING ACTIVITIES:    
Borrowings on debt 2,417 1,014
Repayments and repurchases of debt (2,173) (2,063)
Debt issuance costs (15) 0
Repayment of 2024 Convertible Notes (10) 0
Net proceeds from issuance of common stock 85 477
Dividends paid (270) (261)
Secured borrowings, net 0 1
Net cash provided by (used in) financing activities 34 (832)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 13 40
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 564 337
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 577 377
Supplemental Information:    
Interest paid during the period 176 145
Taxes, including excise tax, paid during the period 25 28
Dividends declared and payable during the period $ 291 $ 261