v3.26.3
Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Dec. 31, 2025
Cash flows from operating activities          
Net increase (decrease) in net assets resulting from operations $ 73 $ 214 $ (402) $ 125  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:          
Purchases of investments     (1,431) (4,109)  
Paid-in-kind interest     (126) (169)  
Proceeds from sales and repayments of investments     2,693 4,109  
Net realized (gain) loss on investments     398 206  
Net change in unrealized (appreciation) depreciation on investments     385 69  
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts     (11) 17  
Realized loss on extinguishment of debt 0 0 2 3  
Accretion of discount     (16) (33)  
Amortization of deferred financing costs and discount     15 16  
Net change in unrealized (appreciation) depreciation on foreign currency translation     (13) 100  
(Increase) decrease in receivable for investments sold and repaid     0 138  
(Increase) decrease in income receivable     26 (20)  
(Increase) decrease in prepaid expenses and other assets     3 7  
Increase (decrease) in management fees payable     (8) (2)  
Increase (decrease) in subordinated income incentive fees payable     (16) (2)  
Increase (decrease) in administrative services expense payable     3 4  
Increase (decrease) in interest payable     (23) (38)  
Increase (decrease) in other accrued expenses and liabilities     (54) (24)  
Net cash provided by (used in) operating activities     1,425 397  
Cash flows from financing activities          
Issuance of Cumulative Convertible Perpetual Preferred Stock, Series A     150 0  
Repurchases of common stock     (72) 0  
Distributions to common stockholders     (252) (392)  
Distributions to preferred stockholders     (2) 0  
Borrowings under financing arrangements     2,998 6,545  
Repayments of financing arrangements     (4,268) (6,661)  
Deferred financing costs paid     (15) (30)  
Net cash provided by (used in) financing activities     (1,461) (538)  
Effect of exchange rate changes on cash     0 0  
Total increase (decrease) in cash, cash equivalents, restricted cash and foreign currency     (36) (141)  
Cash, cash equivalents, restricted cash and foreign currency at beginning of period     208 296 $ 296
Cash, cash equivalents, restricted cash and foreign currency at end of period $ 172 [1] $ 155 [1] 172 [1] 155 [1] $ 208
Supplemental information          
Federal income taxes paid during the period     0 11  
Interest paid during the period     $ 313 $ 376  
[1] As of September 30, 2026, includes cash and cash equivalents of $102, restricted cash of $61 and foreign currency of $9. Restricted cash is the cash collateral required to be posted pursuant to the Company’s derivative contracts.