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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Investments    
Available-for-sale $ 4 $ 5
Other 438 496
Total investments 442 501
Cash and cash equivalents 1,823 1,594
Restricted cash and investments 3,617 3,738
Goodwill and acquired intangible assets, net 683 705
Other assets 4,591 4,682
Total assets 125,312 134,112
Liabilities    
Short-term borrowings 2,637 2,570
Long-term borrowings 116,540 124,833
Other liabilities 2,401 2,710
Total liabilities 121,578 130,113
Commitments and contingencies
Equity    
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 435 million and 431 million shares issued, respectively 4 4
Additional paid-in capital 3,006 2,967
Accumulated other comprehensive loss (net of tax benefit of $73 and $30, respectively) (126) (51)
Retained earnings 2,858 2,480
Total Navient Corporation stockholders' equity before treasury stock 5,742 5,400
Less: Common stock held in treasury at cost: 132 million and 82 million shares, respectively (2,032) (1,425)
Total Navient Corporation stockholders' equity 3,710 3,975
Noncontrolling interest 24 24
Total equity 3,734 3,999
Total liabilities and equity 125,312 134,112
FFELP Loans [Member]    
Assets    
Loans, net 90,146 96,498
Private Education Loans [Member]    
Assets    
Loans, net 24,010 26,394
Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Investments    
Restricted cash 3,437 3,553
Other assets 553 293
Liabilities    
Short-term borrowings 381 710
Long-term borrowings 99,027 106,510
Net assets of consolidated variable interest entities 10,732 11,266
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | FFELP Loans [Member]    
Assets    
Loans, net 85,079 91,516
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | Private Education Loans [Member]    
Assets    
Loans, net 21,025 $ 23,124
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | Other Loans [Member]    
Assets    
Loans, net $ 46