v3.26.1
DEBT - Components of Debt Interest Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Line of Credit Facility [Line Items]        
Amortization of debt issuance costs     $ 17 $ 18
Net amortization of original issue discount/premium     3 (2)
Total interest and credit facility fees expense $ 214 $ 188 427 374
Cash paid for interest expense     424 339
Senior Notes        
Line of Credit Facility [Line Items]        
Stated interest expense 112 108 217 215
Amortization of debt issuance costs 4 4 7 8
Net amortization of original issue discount/premium 1 (1) 3 (2)
Total interest and credit facility fees expense 117 110 227 219
Cash paid for interest expense 109 81 239 192
Senior Notes | Interest rate swap | Hedged Item        
Line of Credit Facility [Line Items]        
Net gain on interest rate swaps accounted for as hedge instruments and the related hedged items 0 (1) 0 (2)
Revolving Credit Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance 1,984 1,183 2,378 1,151
Revolving Credit Facility | Line of Credit        
Line of Credit Facility [Line Items]        
Stated interest expense 26 18 62 35
Credit facility fees 3 4 5 7
Amortization of debt issuance costs 2 2 5 4
Total interest and credit facility fees expense 31 24 72 46
Cash paid for interest expense $ 31 $ 22 $ 69 $ 43
Average stated interest rate 5.10% 6.01% 5.19% 6.10%
Revolving Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance $ 1,185 $ 921 $ 1,139 $ 954
Revolving Funding Facility | Line of Credit        
Line of Credit Facility [Line Items]        
Stated interest expense 16 14 31 30
Credit facility fees 2 2 3 4
Amortization of debt issuance costs 1 2 2 3
Total interest and credit facility fees expense 19 18 36 37
Cash paid for interest expense $ 17 $ 18 $ 34 $ 35
Average stated interest rate 5.47% 6.31% 5.44% 6.32%
SMBC Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance $ 715 $ 449 $ 638 $ 432
SMBC Funding Facility | Line of Credit        
Line of Credit Facility [Line Items]        
Stated interest expense 10 7 18 14
Credit facility fees 1 1 2 1
Amortization of debt issuance costs 2 0 2 1
Total interest and credit facility fees expense 13 8 22 16
Cash paid for interest expense $ 10 $ 8 $ 18 $ 15
Average stated interest rate 5.39% 6.32% 5.42% 6.32%
BNP Funding Facility        
Line of Credit Facility [Line Items]        
Average outstanding balance $ 717 $ 664 $ 693 $ 687
BNP Funding Facility | Line of Credit        
Line of Credit Facility [Line Items]        
Stated interest expense 10 11 19 22
Credit facility fees 0 1 1 1
Amortization of debt issuance costs 0 0 1 1
Total interest and credit facility fees expense 10 12 21 24
Cash paid for interest expense $ 10 $ 13 $ 21 $ 25
Average stated interest rate 5.55% 6.20% 5.56% 6.31%
April 2036 CLO Notes | Secured debt        
Line of Credit Facility [Line Items]        
Stated interest expense $ 24 $ 15 $ 47 $ 31
Amortization of debt issuance costs 0 1 0 1
Total interest and credit facility fees expense 24 16 47 32
Cash paid for interest expense $ 28 $ 21 $ 43 $ 29
Average stated interest rate 5.29% 5.90% 5.31% 6.04%
Average outstanding balance $ 1,720 $ 1,020 $ 1,720 $ 1,020