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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Investments    
Available-for-sale $ 3 $ 3
Other 311 347
Total investments 314 350
Cash and cash equivalents 1,364 1,253
Restricted cash and investments 3,720 3,600
Goodwill and acquired intangible assets, net 664 670
Other assets 3,992 4,193
Total assets 117,890 121,136
Liabilities    
Short-term borrowings 2,160 2,334
Long-term borrowings 109,586 112,368
Other liabilities 2,472 2,711
Total liabilities 114,218 117,413
Commitments and contingencies
Equity    
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 439 million and 436 million shares issued, respectively 4 4
Additional paid-in capital 3,047 3,022
Accumulated other comprehensive income (net of tax expense of $13 and $3, respectively) 22 6
Retained earnings 2,930 2,890
Total Navient Corporation stockholders' equity before treasury stock 6,003 5,922
Less: Common stock held in treasury at cost: 154 million and 145 million shares, respectively (2,355) (2,223)
Total Navient Corporation stockholders' equity 3,648 3,699
Noncontrolling interest 24 24
Total equity 3,672 3,723
Total liabilities and equity 117,890 121,136
FFELP Loans [Member]    
Assets    
Loans, net 85,284 87,730
Private Education Loans [Member]    
Assets    
Loans, net 22,552 23,340
Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Assets    
Loans, net 100,883 104,008
Investments    
Restricted cash 3,556 3,434
Other assets, Net 95 (11)
Liabilities    
Short-term borrowings 1,177 1,078
Long-term borrowings 92,559 95,492
Net assets of consolidated variable interest entities 10,798 10,861
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | FFELP Loans [Member]    
Assets    
Loans, net 80,964 83,429
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | Private Education Loans [Member]    
Assets    
Loans, net 19,815 20,500
Assets and Liabilities of Consolidated Variable Interest Entities [Member] | Other Loans [Member]    
Assets    
Loans, net $ 104 $ 79