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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets    
Loans, net $ 94,498 $ 105,122
Investments    
Available-for-sale 0 2
Other 226 386
Total investments 226 388
Cash and cash equivalents 1,286 1,518
Restricted cash and cash equivalents 3,976 3,128
Goodwill and acquired intangible assets, net 786 810
Other assets 3,404 4,025
Total assets 104,176 114,991
Liabilities    
Short-term borrowings 5,422 4,771
Long-term borrowings 93,519 105,012
Other liabilities 1,688 1,723
Total liabilities 100,629 111,506
Commitments and contingencies
Equity    
Common stock, par value $0.01 per share; 1.125 billion shares authorized: 445 million and 440 million shares issued, respectively 4 4
Additional paid-in capital 3,145 3,077
Accumulated other comprehensive income (net of tax expense of $35 and $36, respectively) 113 61
Retained earnings 3,218 3,004
Total Navient Corporation stockholders’ equity before treasury stock 6,480 6,146
Less: Common stock held in treasury at cost: 198 million and 177 million shares, respectively (2,961) (2,692)
Total Navient Corporation stockholders’ equity 3,519 3,454
Noncontrolling interest 28 31
Total equity 3,547 3,485
Total liabilities and equity 104,176 114,991
FFELP Loans [Member]    
Assets    
Loans, net 72,253 81,703
Private Education Loans [Member]    
Assets    
Loans, net 22,245 23,419
Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Assets    
Loans, net 91,619 98,596
Investments    
Restricted cash 3,928 3,091
Other assets, net 956 1,160
Liabilities    
Short-term borrowings 4,341 2,906
Long-term borrowings 82,738 89,317
Net assets of consolidated variable interest entities 9,424 10,624
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | FFELP Loans [Member]    
Assets    
Loans, net 71,921 77,710
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | Private Education Loans [Member]    
Assets    
Loans, net $ 19,698 $ 20,886