XML 21 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Loans, net $ 62,250 $ 72,812
Investments    
Held-to-maturity 60 74
Other 107 193
Total investments 167 267
Cash and cash equivalents 1,535 905
Restricted cash and cash equivalents 3,272 2,673
Goodwill and acquired intangible assets, net 705 725
Other assets 2,866 3,223
Total assets 70,795 80,605
Liabilities    
Short-term borrowings, Carrying Value 5,870 2,490
Long-term borrowings, Carrying Value 61,026 74,488
Other liabilities 922 1,019
Total liabilities 67,818 77,997
Commitments and contingencies
Equity    
Common stock, par value $0.01 per share; 1.125 billion shares authorized: 461 million and 459 million shares issued, respectively 4 4
Additional paid-in capital 3,313 3,282
Accumulated other comprehensive loss (net of tax expense (benefit) of $29 and $(45), respectively) 87 (133)
Retained earnings 4,490 3,939
Total Navient Corporation stockholders’ equity before treasury stock 7,894 7,092
Less: Common stock held in treasury at cost: 331 million and 305 million shares, respectively (4,917) (4,495)
Total Navient Corporation stockholders’ equity 2,977 2,597
Noncontrolling interest   11
Total equity 2,977 2,608
Total liabilities and equity 70,795 80,605
Series A Junior Participating Preferred Stock [Member]    
Equity    
Series A Junior Participating Preferred Stock, par value $0.20 per share; 2 million shares authorized at December 31, 2021; no shares issued or outstanding
FFELP Loans [Member]    
Assets    
Loans, net 43,525 52,641
Private Education Loans [Member]    
Assets    
Loans, net $ 18,725 $ 20,171