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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Loans, net $ 46,568 $ 54,827
Investments    
Investments 143 146
Cash and cash equivalents 722 839
Restricted cash and cash equivalents 1,381 1,954
Goodwill and acquired intangible assets, net 437 695
Other assets 2,538 2,914
Total assets 51,789 61,375
Liabilities    
Short-term borrowings 5,134 4,226
Long-term borrowings 43,184 53,402
Other liabilities 830 987
Total liabilities 49,148 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 3,380 3,353
Accumulated other comprehensive income (net of tax expense of $1 and $6, respectively) 3 19
Retained earnings 4,697 4,638
Total Navient Corporation stockholders’ equity before treasury stock 8,084 8,014
Less: Common stock held in treasury at cost: 362 million and 350 million shares, respectively (5,443) (5,254)
Total equity 2,641 2,760
Total liabilities and equity 51,789 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; no shares issued or outstanding 0 0
FFELP Loans [Member]    
Assets    
Loans, net 30,852 37,925
Private Education Loans [Member]    
Assets    
Loans, net $ 15,716 $ 16,902