XML 41 R28.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Revenue from Contracts with Customers Accounted for in Accordance with ASC 606 (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Revenue From Contract With Customer [Abstract] |
Summary of Disaggregation of Revenue from Contracts with Customers Accounted Under ASC 606 | 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 September 30, |
|  | 2022 |  |  | 2021 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal Education Loan asset recovery services |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 5 |
Government services |  |  | — |  |  |  | 47 |  |  |  | 47 |  |  |  | — |  |  |  | 75 |  |  |  | 75 |
Healthcare services |  |  | — |  |  |  | 32 |  |  |  | 32 |  |  |  | — |  |  |  | 47 |  |  |  | 47 |
Total |  | $ | — |  |  | $ | 79 |  |  | $ | 79 |  |  | $ | 5 |  |  | $ | 122 |  |  | $ | 127 |
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal Education Loan asset recovery services |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 14 |
Government services |  |  | — |  |  |  | 149 |  |  |  | 149 |  |  |  | — |  |  |  | 204 |  |  |  | 204 |
Healthcare services |  |  | — |  |  |  | 111 |  |  |  | 111 |  |  |  | — |  |  |  | 173 |  |  |  | 173 |
Total |  | $ | 1 |  |  | $ | 260 |  |  | $ | 261 |  |  | $ | 14 |  |  | $ | 377 |  |  | $ | 391 |
Revenue by Client Type
|  | Three Months Ended September 30, |
|  | 2022 |  |  | 2021 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal government |  | $ | — |  |  | $ | 2 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 4 |
Guarantor agencies |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | 5 |
Other institutions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
State and local government |  |  | — |  |  |  | 27 |  |  |  | 27 |  |  |  | — |  |  |  | 56 |  |  |  | 56 |
Tolling authorities |  |  | — |  |  |  | 18 |  |  |  | 18 |  |  |  | — |  |  |  | 15 |  |  |  | 15 |
Hospitals and other healthcare providers |  |  | — |  |  |  | 32 |  |  |  | 32 |  |  |  | — |  |  |  | 47 |  |  |  | 47 |
Total |  | $ | — |  |  | $ | 79 |  |  | $ | 79 |  |  | $ | 5 |  |  | $ | 122 |  |  | $ | 127 |
|  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |
(Dollars in millions) |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |  |  | Federal Education Loans |  |  | Business Processing |  |  | Total Revenue |
Federal government |  | $ | — |  |  | $ | 6 |  |  | $ | 6 |  |  | $ | 1 |  |  | $ | 18 |  |  | $ | 19 |
Guarantor agencies |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | 13 |  |  |  | — |  |  |  | 13 |
Other institutions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
State and local government |  |  | — |  |  |  | 95 |  |  |  | 95 |  |  |  | — |  |  |  | 144 |  |  |  | 144 |
Tolling authorities |  |  | — |  |  |  | 48 |  |  |  | 48 |  |  |  | — |  |  |  | 42 |  |  |  | 42 |
Hospitals and other healthcare providers |  |  | — |  |  |  | 111 |  |  |  | 111 |  |  |  | — |  |  |  | 173 |  |  |  | 173 |
Total |  | $ | 1 |  |  | $ | 260 |  |  | $ | 261 |  |  | $ | 14 |  |  | $ | 377 |  |  | $ | 391 |
As of September 30, 2022 and September 30, 2021, there was $76 million and $124 million respectively, of net accounts receivable related to these contracts. Navient had no material contract assets or contract liabilities.

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration