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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES:    
Net increase in stockholders' equity resulting from operations $ 1,006 $ 1,165
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:    
Net realized (gains) losses on investments, foreign currency and other transactions (135) 60
Net unrealized (gains) losses on investments, foreign currency and other transactions 174 (165)
Realized loss on extinguishment of debt 0 14
Net gain on interest rate swaps accounted for as hedge instruments and the related hedged items (2) (1)
Net accretion of discount on investments (12) (14)
PIK interest (165) (150)
Collections of PIK interest 124 67
PIK dividends (205) (189)
Collections of PIK dividends 128 17
Amortization of debt issuance costs 26 25
Net accretion (amortization) of original issue discount/premium (1) (5)
Proceeds from sales and repayments of investments and other transactions 7,079 6,737
Purchases of investments (9,263) (9,469)
Changes in operating assets and liabilities:    
Interest receivable 46 (14)
Other assets (16) (7)
Base management fee payable 8 12
Income based fee payable (3) 2
Capital gains incentive fee payable (8) 18
Interest and facility fees payable (41) (13)
Payable to participants (51) 9
Interest rate swap collateral payable 44 99
Accounts payable and other liabilities (23) (58)
Net cash used in operating activities (1,290) (1,860)
FINANCING ACTIVITIES:    
Borrowings on debt 9,383 10,649
Repayments and repurchases of debt (7,583) (8,681)
Debt issuance costs (45) (38)
Repayment of 2024 Convertible Notes 0 (10)
Net proceeds from issuance of common stock 906 836
Dividends paid (945) (836)
Secured borrowings, net (32) 0
Net cash provided by financing activities 1,684 1,920
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 394 60
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 860 564
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 1,254 624
Supplemental Information:    
Interest paid during the period 560 513
Taxes, including excise taxes, paid during the period 42 58
Dividends declared and payable during the period $ 1,007 $ 899