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Revenue from Contracts with Customers Accounted for in Accordance with ASC 606 | 6 Months Ended
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Jun. 30, 2019
Revenue From Contract With Customer [Abstract] |
Revenue from Contracts with Customers Accounted for in Accordance with ASC 606 | 10. Revenue from Contracts with Customers Accounted for in Accordance with ASC 606 We account for certain contract revenue in accordance with ASC 606. Servicing contract revenue is not accounted for under ASC 606. Contract revenue earned by our Federal Education Loans segment is derived from asset recovery activities related to the collection of delinquent education loans on behalf of ED, Guarantor agencies and other institutions. Revenue earned by our Business Processing segment is derived from government services, which includes receivables management services and account processing solutions, and healthcare services, which includes revenue cycle management services. The following tables illustrate the disaggregation of revenue from contracts accounted for under ASC 606 with customers according to service type and client type by reportable operating segment. Revenue by Service Type
|  | Three Months Ended June 30, |
|  | 2019 |  |  | 2018 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal Education Loan asset recovery services |  | $ | 35 |  |  | $ | — |  |  | $ | 35 |  |  | $ | 19 |  |  | $ | — |  |  | $ | 19 |
Government services |  |  | — |  |  |  | 40 |  |  |  | 40 |  |  |  | — |  |  |  | 41 |  |  |  | 41 |
Healthcare services |  |  | — |  |  |  | 25 |  |  |  | 25 |  |  |  | — |  |  |  | 24 |  |  |  | 24 |
Total |  | $ | 35 |  |  | $ | 65 |  |  | $ | 100 |  |  | $ | 19 |  |  | $ | 65 |  |  | $ | 84 |
|  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal Education Loan asset recovery services |  | $ | 64 |  |  | $ | — |  |  | $ | 64 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 39 |
Government services |  |  | — |  |  |  | 82 |  |  |  | 82 |  |  |  | — |  |  |  | 94 |  |  |  | 94 |
Healthcare services |  |  | — |  |  |  | 52 |  |  |  | 52 |  |  |  | — |  |  |  | 44 |  |  |  | 44 |
Total |  | $ | 64 |  |  | $ | 134 |  |  | $ | 198 |  |  | $ | 39 |  |  | $ | 138 |  |  | $ | 177 |
10. Revenue from Contracts with Customers Accounted for in Accordance with ASC 606 (Continued) Revenue by Client Type
|  | Three Months Ended June 30, |
|  | 2019 |  |  | 2018 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal government |  | $ | 17 |  |  | $ | 4 |  |  | $ | 21 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 3 |
Guarantor agencies |  |  | 14 |  |  |  | — |  |  |  | 14 |  |  |  | 15 |  |  |  | — |  |  |  | 15 |
Other institutions |  |  | 4 |  |  |  | — |  |  |  | 4 |  |  |  | 3 |  |  |  | — |  |  |  | 3 |
State and local government |  |  | — |  |  |  | 23 |  |  |  | 23 |  |  |  | — |  |  |  | 23 |  |  |  | 23 |
Tolling authorities |  |  | — |  |  |  | 13 |  |  |  | 13 |  |  |  | — |  |  |  | 16 |  |  |  | 16 |
Hospitals and other healthcare providers |  |  | — |  |  |  | 25 |  |  |  | 25 |  |  |  | — |  |  |  | 24 |  |  |  | 24 |
Total |  | $ | 35 |  |  | $ | 65 |  |  | $ | 100 |  |  | $ | 19 |  |  | $ | 65 |  |  | $ | 84 |
|  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal government |  | $ | 30 |  |  | $ | 7 |  |  | $ | 37 |  |  | $ | 2 |  |  | $ | 3 |  |  | $ | 5 |
Guarantor agencies |  |  | 28 |  |  |  | — |  |  |  | 28 |  |  |  | 31 |  |  |  | — |  |  |  | 31 |
Other institutions |  |  | 6 |  |  |  | — |  |  |  | 6 |  |  |  | 6 |  |  |  | — |  |  |  | 6 |
State and local government |  |  | — |  |  |  | 48 |  |  |  | 48 |  |  |  | — |  |  |  | 49 |  |  |  | 49 |
Tolling authorities |  |  | — |  |  |  | 27 |  |  |  | 27 |  |  |  | — |  |  |  | 42 |  |  |  | 42 |
Hospitals and other healthcare providers |  |  | — |  |  |  | 52 |  |  |  | 52 |  |  |  | — |  |  |  | 44 |  |  |  | 44 |
Total |  | $ | 64 |  |  | $ | 134 |  |  | $ | 198 |  |  | $ | 39 |  |  | $ | 138 |  |  | $ | 177 |
As of June 30, 2019 and June 30, 2018, there was $69 million and $70 million, respectively, of net accounts receivable related to these contracts. Navient had no material contract assets or contract liabilities.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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