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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Total interest income $ 4,383 $ 4,146 $ 4,295
Cash and investments 43 22 8
Total interest income 4,383 4,146 4,295
Total interest expense 2,971 2,441 2,074
Net interest income 1,412 1,705 2,221
Less: provisions for loan losses 426 429 581
Net interest income after provisions for loan losses 986 1,276 1,640
Other income (loss):      
Servicing revenue 290 304 340
Asset recovery and business processing revenue 475 390 367
Other income 9 7 17
Gains (losses) on sales of loans and investments 3   (9)
Gains (losses) on debt repurchases (3) 1 21
Gains (losses) on derivative and hedging activities, net 22 117 166
Total other income 796 819 902
Expenses:      
Salaries and benefits 519 500 467
Other operating expenses 447 451 451
Total operating expenses 966 951 918
Goodwill and acquired intangible asset impairment and amortization expense 23 36 12
Restructuring/other reorganization expenses 29   32
Total expenses 1,018 987 962
Income from continuing operations, before income tax expense 764 1,108 1,580
Income tax expense 472 427 597
Net income from continuing operations 292 681 983
Income from discontinued operations, net of tax expense     1
Net income attributable to Navient Corporation $ 292 $ 681 $ 984
Basic earnings per common share attributable to Navient Corporation $ 1.06 $ 2.15 $ 2.62
Average common shares outstanding 275 316 376
Diluted earnings per common share attributable to Navient Corporation $ 1.04 $ 2.12 $ 2.58
Average common and common equivalent shares outstanding 281 322 382
Dividends per common share attributable to Navient Corporation $ 0.64 $ 0.64 $ 0.64
FFELP Loans [Member]      
Interest income:      
Total interest income $ 2,693 $ 2,528 $ 2,524
Total interest income 2,693 2,528 2,524
Less: provisions for loan losses 42 43 46
Private Education Loans [Member]      
Interest income:      
Total interest income 1,634 1,587 1,756
Total interest income 1,634 1,587 1,756
Less: provisions for loan losses 382 383 538
Other Loans [Member]      
Interest income:      
Total interest income 13 9 7
Total interest income $ 13 $ 9 $ 7