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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par Value
Accumulated Undistributed (Overdistributed) Earnings
Beginning balance (in shares) at Dec. 31, 2023   582,000,000    
Beginning balance at Dec. 31, 2023 $ 11,201 $ 1 $ 10,738 $ 462
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   5,000,000    
Issuances of common stock (net of offering and underwriting costs) $ 85   85  
Shares issued in connection with dividend reinvestment plan (in shares) 1,000,000.0 1,000,000    
Shares issued in connection with dividend reinvestment plan $ 21   21  
Net investment income 325     325
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (32)     (32)
Net unrealized (losses) gains on investments, foreign currency and other transactions 156     156
Conversion of 2024 Convertible Notes (in shares)   20,000,000    
Conversion of 2024 Convertible Notes 407   407  
Dividends declared and payable (291)     (291)
Ending balance (in shares) at Mar. 31, 2024   608,000,000    
Ending balance at Mar. 31, 2024 11,872 $ 1 11,251 620
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   21,000,000    
Issuances of common stock (net of offering and underwriting costs) 449   449  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 21   21  
Net investment income 358     358
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions 12     12
Net unrealized (losses) gains on investments, foreign currency and other transactions (48)     (48)
Dividends declared and payable (300)     (300)
Ending balance (in shares) at Jun. 30, 2024   630,000,000    
Ending balance at Jun. 30, 2024 12,364 $ 1 11,721 642
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   15,000,000    
Issuances of common stock (net of offering and underwriting costs) 302   302  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 21   21  
Net investment income 361     361
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (24)     (24)
Net unrealized (losses) gains on investments, foreign currency and other transactions 57     57
Dividends declared and payable (308)     (308)
Ending balance (in shares) at Sep. 30, 2024   646,000,000    
Ending balance at Sep. 30, 2024 12,773 $ 1 12,044 728
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   25,000,000    
Issuances of common stock (net of offering and underwriting costs) 528   528  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 17   17  
Net investment income 359     359
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (25)     (25)
Net unrealized (losses) gains on investments, foreign currency and other transactions 23     23
Dividends declared and payable (320)     (320)
Tax reclassification of stockholders’ equity in accordance with GAAP $ 0   (87) 87
Ending balance (in shares) at Dec. 31, 2024 672,000,000 672,000,000    
Ending balance at Dec. 31, 2024 $ 13,355 $ 1 12,502 852
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   17,000,000    
Issuances of common stock (net of offering and underwriting costs) $ 384   384  
Shares issued in connection with dividend reinvestment plan (in shares) 900,000 1,000,000    
Shares issued in connection with dividend reinvestment plan $ 20   20  
Net investment income 365     365
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (61)     (61)
Net unrealized (losses) gains on investments, foreign currency and other transactions (63)     (63)
Dividends declared and payable $ (328)     (328)
Ending balance (in shares) at Mar. 31, 2025 690,000,000 690,000,000    
Ending balance at Mar. 31, 2025 $ 13,672 $ 1 $ 12,906 $ 765