XML 63 R53.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value of Financial Instruments - Schedule of Roll Forward Level III (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Accretion of discount (amortization of premium) $ 49 $ 43
Investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 13,073 13,385
Accretion of discount (amortization of premium) 48 41
Purchases 4,681 1,196
Paid-in-kind interest 108 115
Sales and repayments (5,264) (1,950)
Transfers into Level 3 8 330
Transfers out of Level 3 0 0
Fair value at end of period 12,467 13,031
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (159) (86)
Investments | Net Senior Secured Loans—First Lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 8,429 9,124
Accretion of discount (amortization of premium) 35 34
Purchases 3,770 1,040
Paid-in-kind interest 67 43
Sales and repayments (3,864) (1,583)
Transfers into Level 3 8 33
Transfers out of Level 3 0 0
Fair value at end of period 8,341 8,646
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (53) (49)
Investments | Net Senior Secured Loans—Second Lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 1,090 874
Accretion of discount (amortization of premium) 6 4
Purchases 56 16
Paid-in-kind interest 2 24
Sales and repayments (268) (115)
Transfers into Level 3 0 297
Transfers out of Level 3 0 0
Fair value at end of period 866 1,096
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (10) (35)
Investments | Other Senior Secured Debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 21 22
Accretion of discount (amortization of premium) 0 0
Purchases 25 0
Paid-in-kind interest 1 1
Sales and repayments 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 45 21
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (2) 37
Investments | Net Subordinated Debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 322 264
Accretion of discount (amortization of premium) 2 0
Purchases 29 8
Paid-in-kind interest 20 19
Sales and repayments (143) 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 221 297
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (9) 5
Investments | Net Asset Based Finance    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 2,077 1,902
Accretion of discount (amortization of premium) 2 2
Purchases 632 93
Paid-in-kind interest 6 6
Sales and repayments (760) (207)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 1,990 1,739
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (2) (67)
Investments | Equity/Other    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 1,134 1,199
Accretion of discount (amortization of premium) 3 1
Purchases 169 39
Paid-in-kind interest 12 22
Sales and repayments (229) (45)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 1,004 1,232
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (83) 23
Investments | Net realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) (335) (328)
Investments | Net realized gain (loss) | Net Senior Secured Loans—First Lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) (170) (15)
Investments | Net realized gain (loss) | Net Senior Secured Loans—Second Lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) (112) (55)
Investments | Net realized gain (loss) | Other Senior Secured Debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) (3) (39)
Investments | Net realized gain (loss) | Net Subordinated Debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) 0 (126)
Investments | Net realized gain (loss) | Net Asset Based Finance    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) (36) 8
Investments | Net realized gain (loss) | Equity/Other    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) (14) (101)
Investments | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) 148 242
Investments | Net change in unrealized appreciation (depreciation) | Net Senior Secured Loans—First Lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) 66 (30)
Investments | Net change in unrealized appreciation (depreciation) | Net Senior Secured Loans—Second Lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) 92 51
Investments | Net change in unrealized appreciation (depreciation) | Other Senior Secured Debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) 1 37
Investments | Net change in unrealized appreciation (depreciation) | Net Subordinated Debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) (9) 132
Investments | Net change in unrealized appreciation (depreciation) | Net Asset Based Finance    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) 69 (65)
Investments | Net change in unrealized appreciation (depreciation) | Equity/Other    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) $ (71) $ 117