v3.25.3
Loans and Allowance for Credit Losses - Activity in the Allowance for Credit Losses for Loans Held for Investment (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance     $ 174,000,000  
Provision $ 9,000,000 $ 26,000,000 51,000,000 $ 63,000,000
Ending balance 190,000,000   190,000,000  
Held-to-Maturity Securities        
Beginning balance   1,000,000 0 1,000,000
Provision 0 0   0
Charge-offs       0
Ending balance 0 1,000,000 0 1,000,000
Total        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 192,000,000 145,000,000 183,000,000 150,000,000
Provision 9,000,000 26,000,000 51,000,000 63,000,000
Charge-offs     (33,000,000) (42,000,000)
Ending balance 201,000,000 171,000,000 201,000,000 171,000,000
Leveraged Loans        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 71,000,000 56,000,000 68,000,000 72,000,000
Provision 7,000,000 12,000,000 20,000,000 13,000,000
Charge-offs     (10,000,000) (17,000,000)
Ending balance 78,000,000 68,000,000 78,000,000 68,000,000
Other Loans        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 7,000,000 4,000,000 4,000,000 3,000,000
Provision (2,000,000) 0 1,000,000 1,000,000
Charge-offs     0 0
Ending balance 5,000,000 4,000,000 5,000,000 4,000,000
Other Loans | Fund Finance        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Ending balance 4,000,000 3,000,000 4,000,000 3,000,000
Other Loans | Other Loans        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Ending balance 1,000,000 1,000,000 1,000,000 1,000,000
Commercial Real Estate        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 101,000,000 76,000,000 102,000,000 60,000,000
Provision 6,000,000 14,000,000 28,000,000 55,000,000
Charge-offs     (23,000,000) (25,000,000)
Ending balance 107,000,000 90,000,000 107,000,000 90,000,000
Off-Balance Sheet Commitments        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 12,000,000 8,000,000 9,000,000 14,000,000
Provision (1,000,000) 0 2,000,000 (6,000,000)
Charge-offs     0 0
Ending balance 11,000,000 $ 8,000,000 11,000,000 $ 8,000,000
All Other        
Financing Receivable, Allowance for Credit Loss [Roll Forward]        
Beginning balance 1,000,000      
Provision (1,000,000)      
Ending balance $ 0   $ 0