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Consolidated Statements of Changes in Net Assets - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operations      
Net investment income $ 813 $ 892 $ 865
Net realized gain (loss) on investments, foreign currency forward contracts, foreign currency, provision for taxes on realized gains on investments and extinguishment of debt (476) (326) 177
Net change in unrealized appreciation (depreciation) on investments and foreign currency forward contracts [1] 210 151 (965)
Net change in unrealized gain (loss) on foreign currency 38 (21) 15
Net increase (decrease) in net assets resulting from operations 585 696 92
Stockholder distributions      
Distributions to stockholders [2] (812) (827) (754)
Net decrease in net assets resulting from stockholder distributions [2] (812) (827) (754)
Capital share transactions      
Repurchases of common stock [3] 0 (32) (56)
Net increase (decrease) in net assets resulting from capital share transactions [3] 0 (32) (56)
Total increase (decrease) in net assets (227) (163) (718)
Net assets at beginning of year 6,849 7,012 7,730
Net assets at end of year $ 6,622 $ 6,849 $ 7,012
[1] See Note 7 for a discussion of the Company’s financial instruments.
[2] See Note 5 for a discussion of the sources of distributions paid by the Company.
[3] See Note 3 for a discussion of the Company’s capital share transactions.