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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Assets    
Investments, at fair value $ 13,943.4 [1],[2] $ 14,649.3 [3],[4],[5],[6],[7]
Cash and cash equivalents 366.0 223.0
Foreign currency, at fair value (cost—$5 and $8, respectively) 5.0 8.0
Receivable for investments sold and repaid 468.0 246.0
Income receivable 313.0 290.0
Unrealized appreciation on foreign currency forward contracts 0.0 13.0
Deferred financing costs 27.0 32.0
Prepaid expenses and other assets 27.0 8.0
Total assets 15,149.0 15,469.0
Liabilities    
Payable for investments purchased 1.0 0.0
Debt (net of deferred financing costs and discount) [8] 8,060.0 8,187.0
Unrealized depreciation on foreign currency forward contracts 10.0 4.0
Stockholder distributions payable 196.0 196.0
Management fees payable 54.0 56.0
Subordinated income incentive fees payable [9] 44.0 41.0
Administrative services expense payable 5.0 5.0
Interest payable 99.0 98.0
Other accrued expenses and liabilities 9.0 33.0
Total liabilities 8,478.0 8,620.0
Commitments and contingencies [10]
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 280,066,433 shares issued and outstanding, respectively 0.0 0.0
Capital in excess of par value 9,437.0 9,437.0
Retained earnings (accumulated deficit) [11] (2,766.0) (2,588.0)
Total stockholders’ equity 6,671.0 6,849.0
Total liabilities and stockholders’ equity $ 15,149.0 $ 15,469.0
Net asset value per share of common stock at period end (in dollars per share) $ 23.82 $ 24.46
Non-controlled/unaffiliated    
Assets    
Investments, at fair value $ 9,407.0 $ 10,568.0
Non-controlled/affiliated    
Assets    
Investments, at fair value 838.1 745.4
Controlled/affiliated    
Assets    
Investments, at fair value $ 3,698.2 $ 3,335.7
[1] Security may be an obligation of one or more entities affiliated with the named company
[2] See Note 8 for additional information regarding the fair value of the Company’s financial instruments
[3] Security is classified as Level 1 or 2 in the Company's fair value hierarchy (see Note 8).
[4] Security is non-income producing.
[5] Security or portion thereof is pledged as collateral supporting the amounts outstanding under the Senior Secured Revolving Credit Facility (see Note 9).
[6] Security may be an obligation of one or more entities affiliated with the named company.
[7] Fair value determined by the Company’s board of directors (see Note 8).
[8] See Note 9 for a discussion of the Company’s financing arrangements.
[9] See Note 2 and 4 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fees.
[10] See Note 10 for a discussion of the Company’s commitments and contingencies.
[11] See Note 5 for a discussion of the sources of distributions paid by the Company.