Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Assets
Investments	$ 140	$ 146
Cash and cash equivalents	1,143	839
Restricted cash and cash equivalents	1,650	1,954
Goodwill and acquired intangible assets, net	438	695
Other assets	2,542	2,914
Total assets	53,440	61,375
Liabilities
Short-term borrowings	5,305	4,226
Long-term borrowings	44,695	53,402
Other liabilities	746	987
Total liabilities	50,746	58,615
Commitments and contingencies
Equity
Common stock, par value $0.01 per share, 1.125 billion shares authorized: [0] million and 464 million shares issued, respectively	4	4
Additional paid-in capital	3,374	3,353
Accumulated other comprehensive income (net of tax expense of $[0] and $6, respectively)	3	19
Retained earnings	4,690	4,638
Total stockholders' equity before treasury stock	8,071	8,014
Less: Common stock held in treasury at cost: [0] million and 350 million shares, respectively	(5,377)	(5,254)
Total equity	2,694	2,760
Total liabilities and equity	53,440	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	31,522	37,925
Private Education Loans [Member]
Assets
Loans, net	$ 16,005	$ 16,902