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INVESTMENTS - IHAM Selected Balance Sheet Information (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Investments at fair value $ 27,130.3 [1] $ 26,719.9 [2]
Cash and cash equivalents 647.0 635.0
Other assets 173.0 158.0
Total assets 28,317.0 28,254.0
Liabilities    
Total liabilities 14,645.0 14,899.0
Equity    
Accumulated earnings 765.0 852.0
Total liabilities and stockholders’ equity 28,317.0 28,254.0
Amortized Cost 26,777.5 [1] 26,374.0 [2]
Unrealized losses 1,700.0 1,700.0
Unrealized depreciation 400.0 200.0
Ivy Hill Asset Management, L.P.    
Assets    
Investments at fair value 9,349.0 8,172.0
Cash and cash equivalents 568.0 976.0
Other assets 86.0 128.0
Total assets 10,003.0 9,276.0
Liabilities    
Debt 7,614.0 6,956.0
Subordinated notes 320.0 311.0
Other liabilities 360.0 269.0
Total liabilities 8,294.0 7,536.0
Equity    
Contributed capital 1,701.0 1,700.0
Accumulated earnings 169.0 186.0
Net unrealized losses on investments and foreign currency transactions (54.0) (79.0)
Non-controlling interests in Consolidated IHAM Vehicles (107.0) (67.0)
Total equity 1,709.0 1,740.0
Total liabilities and stockholders’ equity 10,003.0 9,276.0
Amortized Cost 2,419.0 2,237.0
Ivy Hill Asset Management, L.P. | Eliminations    
Assets    
Investments at fair value (2,270.0) (2,086.0)
Cash and cash equivalents 0.0 0.0
Other assets (55.0) (54.0)
Total assets (2,325.0) (2,140.0)
Liabilities    
Debt 0.0 0.0
Subordinated notes (780.0) (714.0)
Other liabilities (13.0) (13.0)
Total liabilities (793.0) (727.0)
Equity    
Contributed capital 0.0 0.0
Accumulated earnings 0.0 0.0
Net unrealized losses on investments and foreign currency transactions 0.0 0.0
Non-controlling interests in Consolidated IHAM Vehicles (1,532.0) (1,413.0)
Total equity (1,532.0) (1,413.0)
Total liabilities and stockholders’ equity (2,325.0) (2,140.0)
Ivy Hill Asset Management, L.P. | Ivy Hill Asset Management, L.P. | Operating Segments    
Assets    
Investments at fair value 2,366.0 2,160.0
Cash and cash equivalents 9.0 9.0
Other assets 62.0 60.0
Total assets 2,437.0 2,229.0
Liabilities    
Debt 610.0 406.0
Subordinated notes 0.0 0.0
Other liabilities 11.0 16.0
Total liabilities 621.0 422.0
Equity    
Contributed capital 1,701.0 1,700.0
Accumulated earnings 169.0 186.0
Net unrealized losses on investments and foreign currency transactions (54.0) (79.0)
Non-controlling interests in Consolidated IHAM Vehicles 0.0 0.0
Total equity 1,816.0 1,807.0
Total liabilities and stockholders’ equity 2,437.0 2,229.0
Amortized Cost 9,493.0 8,343.0
Ivy Hill Asset Management, L.P. | Consolidated IHAM Vehicles | Operating Segments    
Assets    
Investments at fair value 9,253.0 8,098.0
Cash and cash equivalents 559.0 967.0
Other assets 79.0 122.0
Total assets 9,891.0 9,187.0
Liabilities    
Debt 7,004.0 6,550.0
Subordinated notes 1,100.0 1,025.0
Other liabilities 362.0 266.0
Total liabilities 8,466.0 7,841.0
Equity    
Contributed capital 0.0 0.0
Accumulated earnings 0.0 0.0
Net unrealized losses on investments and foreign currency transactions 0.0 0.0
Non-controlling interests in Consolidated IHAM Vehicles 1,425.0 1,346.0
Total equity 1,425.0 1,346.0
Total liabilities and stockholders’ equity 9,891.0 9,187.0
Unrealized depreciation 143.0 171.0
Ivy Hill Asset Management, L.P. | Consolidated IHAM Vehicles | Eliminations    
Equity    
Unrealized losses $ 61.0 $ 70.0
[1] As of March 31, 2025, the estimated net unrealized gain for federal tax purposes was $0.4 billion based on a tax cost basis of $26.7 billion. As of March 31, 2025, the estimated aggregate gross unrealized gain for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was $1.3 billion.
[2] As of December 31, 2024, the estimated net unrealized gain for federal tax purposes was $0.2 billion based on a tax cost basis of $26.5 billion. As of December 31, 2024, the estimated aggregate gross unrealized gain for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was $1.5 billion.