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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash flows from operating activities          
Net increase (decrease) in net assets resulting from operations $ 105 $ 142 $ 278 $ 341  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:          
Purchases of investments     (2,704) (633)  
Paid-in-kind interest     (63) (70)  
Proceeds from sales and repayments of investments     3,191 1,231  
Net realized (gain) loss on investments     307 272  
Net change in unrealized (appreciation) depreciation on investments     (138) (158)  
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts     13 3  
Accretion of discount     (31) (29)  
Amortization of deferred financing costs and discount     9 8  
Unrealized (gain)/loss on borrowings in foreign currency     (17) 4  
(Increase) decrease in receivable for investments sold and repaid     21 95  
(Increase) decrease in income receivable     (27) (48)  
(Increase) decrease in prepaid expenses and other assets     (2) (1)  
Increase (decrease) in payable for investments purchased     1 (14)  
Increase (decrease) in management fees payable     (2) (3)  
Increase (decrease) in subordinated income incentive fees payable     3 20  
Increase (decrease) in administrative services expense payable     2 0  
Increase (decrease) in interest payable     19 5  
Increase (decrease) in other accrued expenses and liabilities     (18) (15)  
Net cash provided by (used in) operating activities     842 1,008  
Cash flows from financing activities          
Repurchases of common stock     0 (32)  
Stockholder distributions     (420) (402)  
Borrowings under financing arrangements     2,355 1,192  
Repayments of financing arrangements     (2,560) (1,737)  
Deferred financing costs paid     (15) (6)  
Net cash provided by (used in) financing activities     (640) (985)  
Total increase (decrease) in cash     202 23  
Cash, and foreign currency at beginning of period     231 251 $ 251
Cash, and foreign currency at end of period $ 433 $ 274 433 274 $ 231
Supplemental disclosure          
Non-cash purchases of investments     (755) (41)  
Non-cash sales of investments     755 41  
Local and excise taxes paid     25 20  
Interest paid during the period     $ 203 $ 219