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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Cash and investments $ 7 $ 5
Total interest income 1,015 1,051
Total interest expense 675 565
Net interest income 340 486
Less: provisions for loan losses 107 111
Net interest income after provisions for loan losses 233 375
Other income (loss):    
Servicing revenue 76 82
Asset recovery and business processing revenue 100 90
Other income (loss) (8) (13)
Gains (losses) on derivative and hedging activities, net (16) 1
Total other income 152 160
Expenses:    
Salaries and benefits 130 132
Other operating expenses 108 115
Total operating expenses 238 247
Goodwill and acquired intangible asset impairment and amortization expense 6 4
Total expenses 244 251
Income before income tax expense 141 284
Income tax expense 53 103
Net income 88 181
Less: net loss attributable to noncontrolling interest 0 0
Net income attributable to Navient Corporation $ 88 $ 181
Basic earnings per common share attributable to Navient Corporation $ 0.31 $ 0.53
Average common shares outstanding 289 339
Diluted earnings per common share attributable to Navient Corporation $ 0.30 $ 0.53
Average common and common equivalent shares outstanding 296 343
Dividends per common share attributable to Navient Corporation $ 0.16 $ 0.16
FFELP Loans [Member]    
Interest income:    
Total interest income $ 629 $ 634
Less: provisions for loan losses 10 7
Private Education Loans [Member]    
Interest income:    
Total interest income 374 411
Less: provisions for loan losses 95 104
Other Loans [Member]    
Interest income:    
Total interest income $ 5 $ 1