XML 67 R57.htm IDEA: XBRL DOCUMENT v3.25.3
DEBT - Components of Debt Interest Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Line of Credit Facility [Line Items]        
Amortization of debt issuance costs     $ 26 $ 25
Net accretion (amortization) of original issue discount/premium     (1) (5)
Interest and credit facility fees $ 209 $ 195 583 528
Cash paid for interest expense     560 513
SMBC Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 433 482 432 356
BNP Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 741 623 706 587
Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 2,107 1,818 1,473 1,420
Revolving Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 1,157 872 1,022 721
Line of Credit | SMBC Funding Facility        
Line of Credit Facility [Line Items]        
Stated interest expense 7 10 21 22
Credit facility fees 1 0 2 2
Amortization of debt issuance costs 1 1 2 2
Interest and credit facility fees 9 11 25 26
Cash paid for interest expense $ 7 $ 9 $ 22 $ 21
Average stated interest rate 6.16% 7.80% 6.27% 8.11%
Line of Credit | BNP Funding Facility        
Line of Credit Facility [Line Items]        
Stated interest expense $ 11 $ 12 $ 33 $ 35
Credit facility fees 1 1 2 1
Amortization of debt issuance costs 1 1 2 1
Interest and credit facility fees 13 14 37 37
Cash paid for interest expense $ 11 $ 11 $ 36 $ 34
Average stated interest rate 6.22% 7.52% 6.28% 7.76%
Line of Credit | Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Stated interest expense $ 33 $ 33 $ 68 $ 78
Credit facility fees 2 3 9 10
Amortization of debt issuance costs 2 2 6 7
Interest and credit facility fees 37 38 83 95
Cash paid for interest expense $ 21 $ 31 $ 64 $ 92
Average stated interest rate 6.08% 7.22% 6.09% 7.33%
Line of Credit | Revolving Funding Facility        
Line of Credit Facility [Line Items]        
Stated interest expense $ 18 $ 17 $ 48 $ 41
Credit facility fees 1 1 5 5
Amortization of debt issuance costs 1 1 4 3
Interest and credit facility fees 20 19 57 49
Cash paid for interest expense $ 18 $ 16 $ 53 $ 42
Average stated interest rate 6.17% 7.34% 6.26% 7.42%
Secured Debt | April 2036 CLO Notes        
Line of Credit Facility [Line Items]        
Stated interest expense $ 15 $ 9 $ 46 $ 13
Amortization of debt issuance costs 0 0 1 0
Interest and credit facility fees 15 9 47 13
Cash paid for interest expense $ 15 $ 0 $ 44 $ 0
Average stated interest rate 6.02% 7.32% 6.03% 7.26%
Average outstanding balance $ 1,020 $ 476 $ 1,020 $ 226
Convertible Debt | Convertible Unsecured Notes        
Line of Credit Facility [Line Items]        
Stated interest expense   0   3
Interest and credit facility fees   0   3
Cash paid for interest expense   0   9
Senior Notes        
Line of Credit Facility [Line Items]        
Stated interest expense 110 103 325 299
Amortization of debt issuance costs 3 4 11 12
Net accretion (amortization) of original issue discount/premium 1 (2) (1) (5)
Interest and credit facility fees 114 104 333 305
Cash paid for interest expense 149 162 341 315
Senior Notes | Interest rate swap | Hedged Item        
Line of Credit Facility [Line Items]        
Net gain on interest rate swaps accounted for as hedge instruments and the related hedged items $ 0 $ (1) $ (2) $ (1)