XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Investments    
Available-for-sale $ 4 $ 5
Other 541 496
Total investments 545 501
Cash and cash equivalents 1,377 1,594
Restricted cash and investments 3,613 3,738
Goodwill and acquired intangible assets, net 696 705
Other assets 4,782 4,682
Total assets 128,372 134,112
Liabilities    
Short-term borrowings 2,370 2,570
Long-term borrowings 119,637 124,833
Other liabilities 2,662 2,710
Total liabilities 124,669 130,113
Commitments and contingencies
Equity    
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 434 million and 431 million shares issued, respectively 4 4
Additional paid-in capital 2,985 2,967
Accumulated other comprehensive loss (net of tax benefit of $100 and $30, respectively) (171) (51)
Retained earnings 2,677 2,480
Total Navient Corporation stockholders' equity before treasury stock 5,495 5,400
Less: Common stock held in treasury at cost: 116 million and 82 million shares, respectively (1,816) (1,425)
Total Navient Corporation stockholders' equity 3,679 3,975
Noncontrolling interest 24 24
Total equity 3,703 3,999
Total liabilities and equity 128,372 134,112
FFELP Loans [Member]    
Assets    
Loans, net 92,618 96,498
Private Education Loans [Member]    
Assets    
Loans, net 24,741 26,394
Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Investments    
Restricted cash 3,419 3,553
Other assets 432 293
Liabilities    
Short-term borrowings 361 710
Long-term borrowings 102,103 106,510
Net assets of consolidated variable interest entities 10,747 11,266
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | FFELP Loans [Member]    
Assets    
Loans, net 87,613 91,516
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | Private Education Loans [Member]    
Assets    
Loans, net $ 21,747 $ 23,124