XML 87 R77.htm IDEA: XBRL DOCUMENT v3.25.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying and Fair Values of Debt Obligations (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding $ 13,948 $ 13,789
Debt 13,922 13,727
April 2036 CLO Notes    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 702  
Line of Credit | Revolving Credit Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,113 1,113
Debt 1,113 1,113
Line of Credit | Revolving Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,030 1,065
Debt 1,030 1,065
Line of Credit | SMBC Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 400 502
Debt 400 502
Line of Credit | BNP Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 785 889
Debt 785 889
Convertible Debt | October 2036 CLO Secured Loans    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 544 544
Debt   541
Senior Notes | March 2025 Notes (principal amount outstanding of $0 and $600, respectively)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 0 600
Debt 0 600
Senior Notes | July 2025 Notes (principal amount outstanding of $1,250)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,250 1,250
Debt 1,251 1,252
Senior Notes | January 2026 Notes (principal amount outstanding of $1,150)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,150 1,150
Debt 1,149 1,148
Senior Notes | July 2026 Notes (principal amount outstanding of $1,000)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,000 1,000
Debt 996 996
Senior Notes | January 2027 Notes (principal amount outstanding of $900)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 900 900
Debt 900 891
Senior Notes | June 2027 Notes (principal amount outstanding of $500)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 500 500
Debt 497 497
Senior Notes | June 2028 Notes (principal amount outstanding of $1,250)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,250 1,250
Debt 1,248 1,248
Senior Notes | March 2029 Notes (principal amount outstanding of $1,000)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,000 1,000
Debt 990 985
Senior Notes | July 2029 Notes (principal amount outstanding of $850)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 850 850
Debt 855 835
Senior Notes | November 2031 Notes (principal amount outstanding of $700)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 700 700
Debt 692 692
Senior Notes | March 2032 Notes (principal amount outstanding of $1,000 and $0, respectively)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 1,000 0
Debt   0
Term loan tranche | April 2036 CLO Notes    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 476 476
Debt 473 473
Term loan tranche | October 2036 CLO Secured Loans    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Principal amount of debt outstanding 544 544
Debt 541 541
Carrying value    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 13,922 13,727
Carrying value | Revolving Credit Facility | Revolving Credit Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt   1,113
Carrying value | Revolving Credit Facility | Revolving Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt   1,065
Carrying value | Line of Credit | SMBC Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt   502
Carrying value | Line of Credit | BNP Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt   889
Carrying value | Revolving Credit Facility | Revolving Credit Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,113  
Carrying value | Revolving Credit Facility | Revolving Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,030  
Carrying value | Line of Credit | SMBC Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 400  
Carrying value | Line of Credit | BNP Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 785  
Carrying value | Convertible Debt | April 2036 CLO Notes    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt   473
Carrying value | Senior Notes | March 2025 Notes (principal amount outstanding of $0 and $600, respectively)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 0 600
Carrying value | Senior Notes | July 2025 Notes (principal amount outstanding of $1,250)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,251 1,252
Carrying value | Senior Notes | January 2026 Notes (principal amount outstanding of $1,150)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,149 1,148
Carrying value | Senior Notes | July 2026 Notes (principal amount outstanding of $1,000)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 996 996
Carrying value | Senior Notes | January 2027 Notes (principal amount outstanding of $900)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 900 891
Carrying value | Senior Notes | June 2027 Notes (principal amount outstanding of $500)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 497 497
Carrying value | Senior Notes | June 2028 Notes (principal amount outstanding of $1,250)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,248 1,248
Carrying value | Senior Notes | March 2029 Notes (principal amount outstanding of $1,000)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 990 985
Carrying value | Senior Notes | July 2029 Notes (principal amount outstanding of $850)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 855 835
Carrying value | Senior Notes | November 2031 Notes (principal amount outstanding of $700)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 692 692
Carrying value | Senior Notes | March 2032 Notes (principal amount outstanding of $1,000 and $0, respectively)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,002 0
Fair value    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 13,752 13,552
Fair value | Revolving Credit Facility | Revolving Credit Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,113 1,113
Fair value | Revolving Credit Facility | Revolving Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,030 1,065
Fair value | Line of Credit | SMBC Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 400 502
Fair value | Line of Credit | BNP Funding Facility    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 785 889
Fair value | Convertible Debt | April 2036 CLO Notes    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 476 476
Fair value | Senior Notes | March 2025 Notes (principal amount outstanding of $0 and $600, respectively)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 0 599
Fair value | Senior Notes | July 2025 Notes (principal amount outstanding of $1,250)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,245 1,238
Fair value | Senior Notes | January 2026 Notes (principal amount outstanding of $1,150)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,142 1,137
Fair value | Senior Notes | July 2026 Notes (principal amount outstanding of $1,000)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 965 957
Fair value | Senior Notes | January 2027 Notes (principal amount outstanding of $900)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 928 933
Fair value | Senior Notes | June 2027 Notes (principal amount outstanding of $500)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 478 475
Fair value | Senior Notes | June 2028 Notes (principal amount outstanding of $1,250)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,164 1,151
Fair value | Senior Notes | March 2029 Notes (principal amount outstanding of $1,000)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 1,016 1,010
Fair value | Senior Notes | July 2029 Notes (principal amount outstanding of $850)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 865 861
Fair value | Senior Notes | November 2031 Notes (principal amount outstanding of $700)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt 607 602
Fair value | Senior Notes | March 2032 Notes (principal amount outstanding of $1,000 and $0, respectively)    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value disclosures of long-term debt $ 994 $ 0