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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Investments    
Held-to-maturity $ 22  
Other 200 $ 226
Total investments 222 226
Cash and cash equivalents 1,746 1,286
Restricted cash and cash equivalents 2,680 3,976
Goodwill and acquired intangible assets, net 769 786
Other assets 3,383 3,404
Total assets 98,320 104,176
Liabilities    
Short-term borrowings 6,785 5,422
Long-term borrowings 86,776 93,519
Other liabilities 1,447 1,688
Total liabilities 95,008 100,629
Commitments and contingencies
Equity    
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 450 million and 445 million shares issued, respectively 4 4
Additional paid-in capital 3,181 3,145
Accumulated other comprehensive (loss) income (net of tax (benefit) expense of $(27) and $35, respectively) (80) 113
Retained earnings 3,418 3,218
Total Navient Corporation stockholders’ equity before treasury stock 6,523 6,480
Less: Common stock held in treasury at cost: 220 million and 198 million shares, respectively (3,222) (2,961)
Total Navient Corporation stockholders’ equity 3,301 3,519
Noncontrolling interest 11 28
Total equity 3,312 3,547
Total liabilities and equity 98,320 104,176
FFELP Loans [Member]    
Assets    
Loans, net 67,956 72,253
Private Education Loans [Member]    
Assets    
Loans, net 21,564 22,245
Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Assets    
Loans, net 86,735 91,619
Investments    
Restricted cash 2,640 3,928
Other assets, net 1,009 956
Liabilities    
Short-term borrowings 4,904 4,341
Long-term borrowings 77,373 82,738
Net assets of consolidated variable interest entities 8,107 9,424
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | FFELP Loans [Member]    
Assets    
Loans, net 67,700 71,921
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | Private Education Loans [Member]    
Assets    
Loans, net $ 19,035 $ 19,698