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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Investments, at fair value $ 15,277.1 $ 15,377.3 [1]
Cash 245.0 248.0
Foreign currency, at fair value (cost—$5 and $3, respectively) 5.0 3.0
Receivable for investments sold and repaid 205.0 212.0
Income receivable 275.0 227.0
Unrealized appreciation on foreign currency forward contracts 21.0 25.0
Deferred financing costs 23.0 23.0
Prepaid expenses and other assets 7.0 9.0
Total assets 16,058.0 16,124.0
Liabilities    
Payable for investments purchased 0.0 14.0
Debt (net of deferred financing costs of $32 and $34, respectively) [2] 8,678.0 8,694.0
Unrealized depreciation on foreign currency forward contracts 1.0 1.0
Stockholder distributions payable 196.0 192.0
Management fees payable 58.0 59.0
Subordinated income incentive fees payable [3] 46.0 27.0
Administrative services expense payable 7.0 6.0
Interest payable 74.0 90.0
Other accrued expenses and liabilities 15.0 29.0
Total liabilities 9,075.0 9,112.0
Commitments and Contingencies [4]
Stockholders' equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued and outstanding 0.0 0.0
Common stock, $0.001 par value, 750,000,000 shares authorized, 280,066,433 and 281,731,750 shares issued and outstanding, respectively 0.0 0.0
Capital in excess of par value 9,578.0 9,610.0
Retained earnings (accumulated deficit) [5] (2,595.0) (2,598.0)
Total stockholders' equity 6,983.0 7,012.0
Total liabilities and stockholders' equity $ 16,058.0 $ 16,124.0
Net asset value per share of common stock at period end (in dollars per share) $ 24.93 $ 24.89
Non-controlled/unaffiliated investments    
Assets    
Investments, at fair value $ 11,861.0 $ 12,026.0
Non-controlled/affiliated investments    
Assets    
Investments, at fair value 439.2 443.4
Controlled/affiliated investments    
Assets    
Investments, at fair value $ 2,977.0 $ 2,908.4
[1] Fair value determined by the Company’s board of directors (see Note 8).
[2] See Note 9 for a discussion of the Company’s financing arrangements.
[3] See Note 2 and 4 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fees.
[4] See Note 10 for a discussion of the Company’s commitments and contingencies.
[5] See Note 5 for a discussion of the sources of distributions paid by the Company.