Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Assets
Investments	$ 132	$ 146
Cash and cash equivalents	1,088	839
Restricted cash and cash equivalents	2,918	1,954
Goodwill and acquired intangible assets, net	690	695
Other assets	2,616	2,914
Total assets	56,622	61,375
Liabilities
Short-term borrowings	5,326	4,226
Long-term borrowings	47,545	53,402
Other liabilities	1,003	987
Total liabilities	53,874	58,615
Commitments and contingencies
Equity
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 465 million and 464 million shares issued, respectively	4	4
Additional paid-in capital	3,367	3,353
Accumulated other comprehensive income (net of tax expense of $3 and $6, respectively)	10	19
Retained earnings	4,710	4,638
Total Navient Corporation stockholders’ equity before treasury stock	8,091	8,014
Less: Common stock held in treasury at cost: 356 million and 350 million shares, respectively	(5,343)	(5,254)
Total equity	2,748	2,760
Total liabilities and equity	56,622	61,375
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	32,940	37,925
Private Education Loans [Member]
Assets
Loans, net	$ 16,238	$ 16,902