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DERIVATIVE INSTRUMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | Certain information related to the Company’s foreign currency forward derivative instruments as of September 30, 2024 and December 31, 2023 is presented below.
| As of September 30, 2024
Derivative Instrument | Notional Amount |  | Maturity Date |  | Gross Amount of Recognized Assets |  | Gross Amount of Recognized Liabilities |  | Balance Sheet Location of Net Amounts
Foreign currency forward contract | € | 156 |  | October 25, 2024 |  | $ | 170 |  |  | $ | (174) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | CAD | 155 |  | October 25, 2024 |  | 113 |  |  | (115) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | CAD | 153 |  | October 18, 2024 |  | 113 |  |  | (114) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | € | 94 |  | October 25, 2024 |  | 103 |  |  | (105) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | NZD | 66 |  | October 25, 2024 |  | 39 |  |  | (42) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | NOK | 63 |  | October 25, 2024 |  | 6 |  |  | (6) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | £ | 61 |  | August 21, 2026 |  | 75 |  |  | (78) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | £ | 59 |  | October 25, 2024 |  | 76 |  |  | (79) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | £ | 57 |  | October 25, 2024 |  | 74 |  |  | (77) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | CAD | 53 |  | October 25, 2024 |  | 39 |  |  | (40) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | AUD | 21 |  | November 17, 2026 |  | 14 |  |  | (14) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | £ | 9 |  | August 21, 2026 |  | 11 |  |  | (11) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | £ | 3 |  | August 21, 2026 |  | 4 |  |  | (4) |  |  | Accounts payable and other liabilities
Total |  |  |  |  |  | $ | 837 |  |  | $ | (859) |  |  |
| As of December 31, 2023
Derivative Instrument | Notional Amount |  | Maturity Date |  | Gross Amount of Recognized Assets |  | Gross Amount of Recognized Liabilities |  | Balance Sheet Location of Net Amounts
Foreign currency forward contract | € | 190 |  | January 26, 2024 |  | $ | 200 |  |  | $ | (207) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | CAD | 168 |  | January 26, 2024 |  | 120 |  |  | (124) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | CAD | 153 |  | January 18, 2024 |  | 114 |  |  | (115) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | £ | 116 |  | January 26, 2024 |  | 140 |  |  | (147) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | NZD | 71 |  | January 26, 2024 |  | 41 |  |  | (45) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | £ | 56 |  | August 21, 2026 |  | 69 |  |  | (70) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | $ | 10 |  | January 26, 2024 |  | 9 |  |  | (9) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | AUD | 10 |  | November 17, 2026 |  | 7 |  |  | (7) |  |  | Accounts payable and other liabilities
Foreign currency forward contract | CAD | 4 |  | January 26, 2024 |  | 3 |  |  | (3) |  |  | Accounts payable and other liabilities
Total |  |  |  |  |  | $ | 703 |  |  | $ | (727) |  |  |
Schedule of Net Realized and Unrealized Gains (Losses) on Derivative Instruments | Net realized and unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recognized by the Company for the three and nine months ended September 30, 2024 and 2023 is in the following location in the consolidated statements of operations:
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
Derivative Instrument | Statement Location | 2024 |  | 2023 |  | 2024 |  | 2023
Foreign currency forward contract | Net realized gains (losses) from foreign currency and other transactions | $ | (9) |  |  | $ | (7) |  |  | $ | (10) |  |  | $ | (39) |
Foreign currency forward contract | Net unrealized gains (losses) from foreign currency and other transactions | $ | (16) |  |  | $ | 26 |  |  | $ | 4 |  |  | $ | 44 |
Schedule of Interest Rate Swap Instruments | Certain information related to the Company’s interest rate swap instruments as of September 30, 2024 is presented below.
Description |  | Hedged Item |  | Company Receives |  | Company Pays |  |  |  | Maturity Date |  | Notional Amount |  |  |  |
Interest rate swap |  | January 2027 Notes |  | 7.000 | % |  | SOFR +2.581% |  |  |  | January 15, 2027 |  | $ | 900 |  |  |  |  |
Interest rate swap |  | March 2029 Notes |  | 5.875 | % |  | SOFR +2.023% |  |  |  | March 1, 2029 |  | $ | 1,000 |  |  |  |  |
Interest rate swap |  | July 2029 Notes |  | 5.950 | % |  | SOFR +1.643% |  |  |  | July 15, 2029 |  | $ | 850 |  |  |  |  |
As of September 30, 2024 and December 31, 2023, the counterparty to all of the Company’s interest rate swap agreements was Wells Fargo Bank, N.A. Certain information related to the Company’s interest rate swap instruments as of September 30, 2024 is presented below.
Description |  | Hedged Item |  | Company Receives |  | Company Pays |  |  |  | Maturity Date |  | Notional Amount |  |  |  |
Interest rate swap |  | January 2027 Notes |  | 7.000 | % |  | SOFR +2.581% |  |  |  | January 15, 2027 |  | $ | 900 |  |  |  |  |
Interest rate swap |  | March 2029 Notes |  | 5.875 | % |  | SOFR +2.023% |  |  |  | March 1, 2029 |  | $ | 1,000 |  |  |  |  |
Interest rate swap |  | July 2029 Notes |  | 5.950 | % |  | SOFR +1.643% |  |  |  | July 15, 2029 |  | $ | 850 |  |  |  |  |
Schedule of Interest Rate Swap Derivative Instruments | The balance sheet impact of fair valuing the interest rate swaps as of September 30, 2024 and December 31, 2023 is presented below:
| As of September 30, 2024
Derivative Instrument | Notional Amount |  | Maturity Date |  | Gross Amount of Recognized Assets |  | Gross Amount of Recognized Liabilities |  | Balance Sheet Location of Amounts
Interest rate swap(1) | $ | 900 |  |  | January 15, 2027 |  | $ | 18 |  |  | $ | — |  |  | Other assets
Interest rate swap(2) | $ | 1,000 |  |  | March 1, 2029 |  | 22 |  |  | — |  |  | Other assets
Interest rate swap(3) | $ | 850 |  | July 15, 2029 |  | 37 |  |  | — |  |  | Other assets
Total |  |  |  |  |  | $ | 77 |  |  | $ | — |  |  |
________________________________________ (1)The asset related to the fair value of the interest rate swaps was offset by an $18 increase to the carrying value of the January 2027 Notes. (2)The asset related to the fair value of the interest rate swap was offset by a $21 increase to the carrying value of the March 2029 Notes. (3)The asset related to the fair value of the interest rate swap was offset by a $37 increase to the carrying value of the July 2029 Notes.
| As of December 31, 2023
Derivative Instrument | Notional Amount |  | Maturity Date |  | Gross Amount of Recognized Assets |  | Gross Amount of Recognized Liabilities |  | Balance Sheet Location of Amounts
Interest rate swap(1) | $ | 900 |  |  | January 15, 2027 |  | $ | 15 |  |  | $ | — |  |  | Other assets
Total |  |  |  |  |  | $ | 15 |  |  | $ | — |  |  |
________________________________________ (1)The asset related to the fair value of the interest rate swaps was offset by a $15 increase to the carrying value of the January 2027 Notes.

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