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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par Value
Accumulated Undistributed (Overdistributed) Earnings
Beginning balance (in shares) at Dec. 31, 2022   519,000,000    
Beginning balance at Dec. 31, 2022 $ 9,555 $ 1 $ 9,556 $ (2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   26,000,000    
Issuances of common stock (net of offering and underwriting costs) 477   477  
Net investment income 318     318
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (50)     (50)
Net unrealized gains on investments, foreign currency and other transactions 10     10
Dividends declared and payable (261)     (261)
Ending balance (in shares) at Mar. 31, 2023   545,000,000    
Ending balance at Mar. 31, 2023 10,049 $ 1 10,033 15
Beginning balance (in shares) at Dec. 31, 2022   519,000,000    
Beginning balance at Dec. 31, 2022 $ 9,555 $ 1 9,556 (2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Shares issued in connection with dividend reinvestment plan (in shares) 1,700,000      
Net investment income $ 921      
Net unrealized gains on investments, foreign currency and other transactions 395      
Ending balance (in shares) at Sep. 30, 2023   569,000,000    
Ending balance at Sep. 30, 2023 10,815 $ 1 10,505 309
Beginning balance (in shares) at Mar. 31, 2023   545,000,000    
Beginning balance at Mar. 31, 2023 10,049 $ 1 10,033 15
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   12,000,000    
Issuances of common stock (net of offering and underwriting costs) 227   227  
Shares issued in connection with dividend reinvestment plan 13   13  
Net investment income 314     314
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (81)     (81)
Net unrealized gains on investments, foreign currency and other transactions 98     98
Dividends declared and payable (266)     (266)
Ending balance (in shares) at Jun. 30, 2023   557,000,000    
Ending balance at Jun. 30, 2023 10,354 $ 1 10,273 80
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   11,000,000    
Issuances of common stock (net of offering and underwriting costs) 215   215  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 17   17  
Net investment income 289     289
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (76)     (76)
Net unrealized gains on investments, foreign currency and other transactions 287     287
Dividends declared and payable (271)     (271)
Ending balance (in shares) at Sep. 30, 2023   569,000,000    
Ending balance at Sep. 30, 2023 10,815 $ 1 10,505 309
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   12,000,000    
Issuances of common stock (net of offering and underwriting costs) 236   236  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 17   17  
Net investment income 345     345
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions 28     28
Net unrealized gains on investments, foreign currency and other transactions 40     40
Dividends declared and payable (280)     (280)
Tax reclassification of stockholders’ equity in accordance with GAAP $ 0   (20) 20
Ending balance (in shares) at Dec. 31, 2023 582,000,000 582,000,000    
Ending balance at Dec. 31, 2023 $ 11,201 $ 1 10,738 462
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   5,000,000    
Issuances of common stock (net of offering and underwriting costs) 85   85  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 21   21  
Net investment income 325     325
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (32)     (32)
Net unrealized gains on investments, foreign currency and other transactions 156     156
Conversion of 2024 Convertible Notes (in shares)   20,000,000    
Conversion of 2024 Convertible Notes 407   407  
Dividends declared and payable (291)     (291)
Ending balance (in shares) at Mar. 31, 2024   608,000,000    
Ending balance at Mar. 31, 2024 $ 11,872 $ 1 11,251 620
Beginning balance (in shares) at Dec. 31, 2023 582,000,000 582,000,000    
Beginning balance at Dec. 31, 2023 $ 11,201 $ 1 10,738 462
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Shares issued in connection with dividend reinvestment plan (in shares) 3,000,000.0      
Net investment income $ 1,044      
Net unrealized gains on investments, foreign currency and other transactions $ 165      
Ending balance (in shares) at Sep. 30, 2024 646,000,000 646,000,000    
Ending balance at Sep. 30, 2024 $ 12,773 $ 1 12,044 728
Beginning balance (in shares) at Mar. 31, 2024   608,000,000    
Beginning balance at Mar. 31, 2024 11,872 $ 1 11,251 620
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   21,000,000    
Issuances of common stock (net of offering and underwriting costs) 449   449  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 21   21  
Net investment income 358     358
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions 12     12
Net unrealized gains on investments, foreign currency and other transactions (48)     (48)
Dividends declared and payable (300)     (300)
Ending balance (in shares) at Jun. 30, 2024   630,000,000    
Ending balance at Jun. 30, 2024 12,364 $ 1 11,721 642
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Issuances of common stock (net of offering and underwriting costs) (in shares)   15,000,000    
Issuances of common stock (net of offering and underwriting costs) 302   302  
Shares issued in connection with dividend reinvestment plan (in shares)   1,000,000    
Shares issued in connection with dividend reinvestment plan 21   21  
Net investment income 361     361
Net realized gains (losses) on investments, foreign currency, extinguishment of debt and other transactions (24)     (24)
Net unrealized gains on investments, foreign currency and other transactions 57     57
Dividends declared and payable $ (308)     (308)
Ending balance (in shares) at Sep. 30, 2024 646,000,000 646,000,000    
Ending balance at Sep. 30, 2024 $ 12,773 $ 1 $ 12,044 $ 728