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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net increase in stockholders' equity resulting from operations $ 1,522 $ 1,522 $ 600
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:      
Net realized losses (gains) on investments, foreign currency and other transactions 55 179 (81)
Net unrealized (gains) losses on investments, foreign currency and other transactions (188) (435) 525
Realized loss on extinguishment of debt 14 0 48
Net accretion of discount on investments (17) (18) (13)
PIK interest (206) (166) (138)
Collections of PIK interest 109 48 30
PIK dividends (257) (198) (175)
Collections of PIK dividends 33 11 71
Amortization of debt issuance costs 33 31 30
Net amortization of premium on notes payable (6) (5) (4)
Proceeds from sales and repayments of investments and other transactions 9,212 5,315 7,747
Purchases of investments (12,622) (5,804) (9,852)
Changes in operating assets and liabilities:      
Interest receivable (45) (60) (34)
Other assets 5 (8) 65
Base management fee payable 16 5 10
Income based fee payable 1 9 14
Capital gains incentive fee payable 17 53 (126)
Interest and facility fees payable 38 27 5
Payable to participants 134 (5) (80)
Accounts payable and other liabilities 24 10 (1)
Net cash (used in) provided by operating activities (2,128) 511 (1,359)
FINANCING ACTIVITIES:      
Borrowings on debt 13,238 5,215 7,950
Repayments and repurchases of debt (10,968) (5,558) (6,818)
Debt issuance costs (59) (20) (16)
Repayment of 2024 Convertible Notes (10) 0 0
Net proceeds from issuance of common stock 1,364 1,155 1,001
Dividends paid (1,139) (1,031) (912)
Secured borrowings, net (2) (45) 5
Net cash provided by (used in) financing activities 2,424 (284) 1,210
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 296 227 (149)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 564 337 486
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 860 564 337
Supplemental Information:      
Interest paid during the period 676 524 402
Taxes, including excise tax, paid during the period 66 36 39
Dividends declared and payable during the period $ 1,219 $ 1,078 $ 941