Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Assets
Investments	$ 149	$ 167
Cash and cash equivalents	977	1,535
Restricted cash and cash equivalents	1,824	3,272
Goodwill and acquired intangible assets, net	697	705
Other assets	2,853	2,866
Total assets	63,414	70,795
Liabilities
Short-term borrowings	4,662	5,870
Long-term borrowings	54,907	61,026
Other liabilities	947	922
Total liabilities	60,516	67,818
Commitments and contingencies
Equity
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 464 million and 461 million shares issued, respectively	4	4
Additional paid-in capital	3,349	3,313
Accumulated other comprehensive income (net of tax expense of 346 and $29, respectively)	43	87
Retained earnings	4,685	4,490
Total Navient Corporation stockholders’ equity before treasury stock	8,081	7,894
Less: Common stock held in treasury at cost: 0 million and 331 million shares, respectively	(5,183)	(4,917)
Total equity	2,898	2,977
Total liabilities and equity	63,414	70,795
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	0	0
FFELP Loans [Member]
Assets
Loans, net	39,581	43,525
Private Education Loans [Member]
Assets
Loans, net	$ 17,333	$ 18,725