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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INVESTMENT INCOME:      
PIK interest income $ 219.0 $ 206.0 $ 166.0
PIK dividend income 268.0 257.0 198.0
Total investment income 3,052.0 2,990.0 2,614.0
EXPENSES:      
Interest and credit facility fees 793.0 715.0 582.0
Base management fee 425.0 374.0 323.0
Income based fee 348.0 364.0 328.0
Capital gains incentive fee (23.0) 18.0 53.0
Administrative and other fees 15.0 12.0 13.0
Other general and administrative 36.0 31.0 29.0
Total expenses 1,594.0 1,514.0 1,328.0
NET INVESTMENT INCOME BEFORE INCOME TAXES 1,458.0 1,476.0 1,286.0
Income tax expense, including excise taxes 43.0 40.0 28.0
NET INVESTMENT INCOME 1,415.0 1,436.0 1,258.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Foreign currency and other transactions (6.0) 5.0 (24.0)
Net income tax expense on net realized gains (115.0) (33.0) 8.0
Net realized losses (20.0) (88.0) (171.0)
Foreign currency and other transactions (41.0) 50.0 6.0
Net change in deferred tax liabilities 59.0 (5.0) (64.0)
Net unrealized gains (losses) (96.0) 188.0 435.0
Net realized and unrealized gains (losses) on investments, foreign currency and other transactions (116.0) 100.0 264.0
Realized loss on extinguishment of debt 0.0 (14.0) 0.0
NET INCREASE IN STOCKHOLDERS’ EQUITY RESULTING FROM OPERATIONS $ 1,299.0 $ 1,522.0 $ 1,522.0
NET INCOME PER COMMON SHARE      
Basic (in usd per share) $ 1.86 $ 2.44 $ 2.75
Diluted (in usd per share) $ 1.86 $ 2.44 $ 2.68
WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING      
Basic (in shares) 699 624 554
Diluted (in shares) 699 624 575
Non-controlled/non-affiliate company investments      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) $ 1,790.0 $ 1,749.0 $ 1,564.0
PIK interest income 184.0 174.0 143.0
Capital structuring service fees 178.0 156.0 83.0
Dividend income (excluding PIK dividend income) 30.0 49.0 47.0
PIK dividend income 266.0 253.0 195.0
Other income 87.0 55.0 53.0
Total investment income 2,535.0 2,436.0 2,085.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): 80.0 (78.0) (146.0)
Net unrealized gains (losses): 4.0 35.0 443.0
Non-controlled affiliate company investments      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) 15.0 20.0 12.0
PIK interest income 17.0 14.0 5.0
Capital structuring service fees 0.6 2.8 0.0
Dividend income (excluding PIK dividend income) 0.0 2.0 7.0
Other income 0.5 1.9 0.0
Total investment income 33.0 41.0 24.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): (34.9) (6.0) (10.0)
Net unrealized gains (losses): (43.5) 23.4 34.0
Controlled affiliate company investments      
INVESTMENT INCOME:      
Interest income (excluding payment-in-kind (“PIK”) interest income) 159.0 187.0 220.0
PIK interest income 18.0 18.0 18.0
Capital structuring service fees 6.2 12.6 9.0
Dividend income (excluding PIK dividend income) 293.0 286.0 250.0
PIK dividend income 2.0 4.0 2.0
Other income 5.9 5.4 6.0
Total investment income 484.0 513.0 505.0
REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:      
Net realized gains (losses): 56.4 23.5 1.0
Net unrealized gains (losses): $ (74.1) $ 84.7 $ 16.0