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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments    
Held-to-maturity $ 62 $ 74
Other 114 193
Total investments 176 267
Cash and cash equivalents 1,364 905
Restricted cash and cash equivalents 2,548 2,673
Goodwill and acquired intangible assets, net 708 725
Other assets 2,787 3,223
Total assets 73,625 80,605
Liabilities    
Short-term borrowings 5,677 2,490
Long-term borrowings 63,998 74,488
Other liabilities 977 1,019
Total liabilities 70,652 77,997
Commitments and contingencies
Equity    
Series A Junior Participating Preferred Stock, par value $0.20 per share; 2 million shares authorized at December 31, 2021; no shares issued or outstanding
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 461 million and 459 million shares issued, respectively 4 4
Additional paid-in capital 3,309 3,282
Accumulated other comprehensive income (loss) (net of tax expense (benefit) of $28 and $(45), respectively) 84 (133)
Retained earnings 4,406 3,939
Total Navient Corporation stockholders’ equity before treasury stock 7,803 7,092
Less: Common stock held in treasury at cost: 325 million and 305 million shares, respectively (4,830) (4,495)
Total Navient Corporation stockholders’ equity 2,973 2,597
Noncontrolling interest   11
Total equity 2,973 2,608
Total liabilities and equity 73,625 80,605
Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Assets    
Loans, net 64,111 70,649
Investments    
Restricted cash 2,511 2,649
Other assets, net 1,396 1,522
Total assets 68,018 74,820
Liabilities    
Short-term borrowings 4,288 2,188
Long-term borrowings 58,587 67,107
Net assets of consolidated variable interest entities 5,143 5,525
FFELP Loans [Member]    
Assets    
Loans, net 46,891 52,641
FFELP Loans [Member] | Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Assets    
Loans, net 46,753 52,502
Private Education Loans [Member]    
Assets    
Loans, net 19,151 20,171
Private Education Loans [Member] | Assets and Liabilities of Consolidated Variable Interest Entities [Member]    
Assets    
Loans, net $ 17,358 $ 18,147