v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Loans held for sale $ 2,400  
Investments 146 $ 166
Cash and cash equivalents 701 637
Restricted cash and cash equivalents 1,286 1,467
Goodwill and acquired intangible assets, net 430 434
Other assets 2,413 2,385
Total assets 46,128 48,681
Liabilities    
Short-term borrowings 5,751 5,073
Long-term borrowings 37,429 40,633
Other liabilities 513 576
Total liabilities 43,693 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 3,411 3,403
Accumulated other comprehensive income (net of tax expense of $20 and $1, respectively) 60 2
Retained earnings 4,562 4,552
Total stockholders' equity before treasury stock 8,037 7,961
Less: Common stock held in treasury at cost: 375 million and 371 million shares, respectively (5,602) (5,562)
Total equity 2,435 2,399
Total liabilities and equity 46,128 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 25,898 28,141
Loans at fair value   28,096
Private Education Loans [Member]    
Assets    
Loans, net 12,680 15,451
Loans at fair value 235 0
Loans held for sale $ 2,339 $ 0