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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Investments, at fair value $ 13,490.4 [1],[2] $ 14,649.3 [3],[4]
Cash 278.0 223.0
Foreign currency, at fair value (cost—$17 and $8, respectively) 18.0 8.0
Receivable for investments sold and repaid 186.0 246.0
Income receivable 187.0 290.0
Unrealized appreciation on foreign currency forward contracts 3.0 13.0
Deferred financing costs 26.0 32.0
Prepaid expenses and other assets 31.0 8.0
Total assets 14,219.0 15,469.0
Liabilities    
Payable for investments purchased 2.0 0.0
Debt (net of deferred financing costs of $27 and $34, respectively) [5] 7,351.0 8,187.0
Unrealized depreciation on foreign currency forward contracts 1.0 4.0
Stockholder distributions payable 0.0 196.0
Management and investment adviser fees payable 53.0 56.0
Subordinated income incentive fees payable [6] 35.0 41.0
Administrative services expense payable 3.0 5.0
Interest payable 108.0 98.0
Other accrued expenses and liabilities 44.0 33.0
Total liabilities 7,597.0 8,620.0
Commitments and contingencies [7]
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 9,284.0 9,437.0
Retained earnings (accumulated deficit) [8] (2,662.0) (2,588.0)
Total stockholders’ equity 6,622.0 6,849.0
Total liabilities and stockholders’ equity $ 14,219.0 $ 15,469.0
Net asset value per share of common stock at year end (in dollars per share) $ 23.64 $ 24.46
Non-controlled/unaffiliated    
Assets    
Investments, at fair value $ 8,573.0 $ 10,568.0
Non-controlled/affiliated    
Assets    
Investments, at fair value 1,140.0 745.4
Controlled/affiliated    
Assets    
Investments, at fair value $ 3,776.7 $ 3,335.7
[1] See Note 8 for additional information regarding the fair value of the Company’s financial instruments.
[2] Security may be an obligation of one or more entities affiliated with the named company.
[3] See Note 8 for additional information regarding the fair value of the Company’s financial instruments.
[4] Security may be an obligation of one or more entities affiliated with the named company.
[5] See Note 9 for a discussion of the Company’s financing arrangements.
[6] See Note 2 and 4 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fees.
[7] See Note 10 for a discussion of the Company’s commitments and contingencies.
[8] See Note 5 for a discussion of the sources of distributions paid by the Company.