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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES:    
Net increase in stockholders' equity resulting from operations $ 771 $ 609
Adjustments to reconcile net increase in stockholders’ equity resulting from operations:    
Net realized losses on investments, foreign currency and other transactions 6 131
Net unrealized gains on investments, foreign currency and other transactions (108) (108)
Realized loss on extinguishment of debt 14 0
Net accretion of discount on investments (9) (9)
PIK interest (99) (81)
Collections of PIK interest 26 27
PIK dividends (121) (95)
Collections of PIK dividends 0 11
Amortization of debt issuance costs 16 15
Net amortization of premium on notes payable (3) (2)
Proceeds from sales and repayments of investments and other transactions 4,347 2,858
Purchases of investments (6,221) (2,452)
Changes in operating assets and liabilities:    
Interest receivable (38) (9)
Other assets (4) (16)
Operating lease right-of-use asset 2 5
Base management fee payable 7 0
Income based fee payable 3 (2)
Capital gains incentive fee payable 12 (2)
Interest and facility fees payable 21 (18)
Payable to participants 8 8
Accounts payable and other liabilities 34 (39)
Operating lease liabilities (3) (7)
Net cash (used in) provided by operating activities (1,339) 824
FINANCING ACTIVITIES:    
Borrowings on debt 7,790 1,897
Repayments and repurchases of debt (6,275) (2,739)
Debt issuance costs (33) (12)
Repayment of 2024 Convertible Notes (10) 0
Net proceeds from issuance of common stock 534 704
Dividends paid (549) (514)
Secured borrowings, net (1) (44)
Net cash provided by (used in) financing activities 1,456 (708)
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 117 116
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 564 337
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 681 453
Supplemental Information:    
Interest paid during the period 288 271
Taxes, including excise tax, paid during the period 32 28
Dividends declared and payable during the period $ 591 $ 527