v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Loans held for sale $ 528  
Investments 116 $ 166
Cash and cash equivalents 770 637
Restricted cash and cash equivalents 1,369 1,467
Goodwill and acquired intangible assets, net 430 434
Other assets 2,363 2,385
Total assets 47,297 48,681
Liabilities    
Short-term borrowings 4,214 5,073
Long-term borrowings 40,123 40,633
Other liabilities 562 576
Total liabilities 44,899 46,282
Commitments and contingencies
Equity    
Common stock, par value $0.01 per share, 1.125 billion shares authorized: 468 million and 467 million shares issued, respectively 4 4
Additional paid-in capital 3,410 3,403
Accumulated other comprehensive income (net of tax expense of $4 and $1, respectively) 14 2
Retained earnings 4,562 4,552
Total stockholders' equity before treasury stock 7,990 7,961
Less: Common stock held in treasury at cost: 374 million and 371 million shares, respectively (5,592) (5,562)
Total equity 2,398 2,399
Total liabilities and equity 47,297 48,681
Series A Junior Participating Preferred Stock [Member]    
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 0 0
FFELP Loans [Member]    
Assets    
Loans, net 26,575 28,141
Private Education Loans [Member]    
Assets    
Loans, net 15,146 15,451
Loans held for sale $ 528 $ 0