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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Cash flows from operating activities          
Net increase (decrease) in net assets resulting from operations $ 142 $ (73) $ 341 $ 152  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:          
Purchases of investments     (633) (2,872)  
Paid-in-kind interest     (70) (62)  
Proceeds from sales and repayments of investments     1,231 2,579  
Net realized gain (loss) on investments:     272 (151)  
Net change in unrealized (appreciation) depreciation on investments     (158) 479  
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts     3 (16)  
Accretion of discount     (29) (50)  
Amortization of deferred financing costs and discount     8 7  
Unrealized (gain)/loss on borrowings in foreign currency     4 (36)  
(Increase) decrease in receivable for investments sold and repaid     95 69  
(Increase) decrease in income receivable     (48) (37)  
(Increase) decrease in prepaid expenses and other assets     (1) (1)  
Increase (decrease) in payable for investments purchased     (14) 25  
Increase (decrease) in management fees payable     (3) 3  
Increase (decrease) in subordinated income incentive fees payable     20 3  
Increase (decrease) in administrative services expense payable     0 0  
Increase (decrease) in interest payable     5 7  
Increase (decrease) in other accrued expenses and liabilities     (15) (14)  
Net cash provided by (used in) operating activities     1,008 85  
Cash flows from financing activities          
Repurchases of common stock     (32) (23)  
Stockholder distributions     (402) (355)  
Borrowings under financing arrangements     1,192 2,181  
Repayments of financing arrangements     (1,737) (1,977)  
Deferred financing costs paid     (6) (19)  
Net cash provided by (used in) financing activities     (985) (193)  
Total increase (decrease) in cash     23 (108)  
Cash, and foreign currency at beginning of period     251 377 $ 377
Cash, and foreign currency at end of period $ 274 $ 269 274 269 $ 251
Supplemental disclosure          
Non-cash purchases of investments     (41) (518)  
Non-cash sales of investments     41 518  
Local and excise taxes paid     20 11  
Interest paid during the period     $ 219 $ 146