Sallie Mae 2012 Annual Report Download - page 149

SLM CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. Allowance for Loan Losses (Continued)
Accrued Interest Receivable
The following table provides information regarding accrued interest receivable on our Private Education
Loans. The table also discloses the amount of accrued interest on loans greater than 90 days past due as
compared to our allowance for uncollectible interest. The allowance for uncollectible interest exceeds the amount
of accrued interest on our 90 days past due portfolio for all periods presented.
Accrued Interest Receivable
As of December 31,
(Dollars in millions) Total
Greater Than
90 Days
Past Due
Allowance for
Uncollectible
Interest
2012
Private Education Loans — Traditional .................. $ 798 $39 $45
Private Education Loans — Non-Traditional ............. 106 16 22
Total ............................................. $ 904 $55 $67
2011
Private Education Loans — Traditional .................. $ 870 $36 $44
Private Education Loans — Non-Traditional ............. 148 18 28
Total ............................................. $1,018 $54 $72
2010
Private Education Loans — Traditional .................. $1,062 $35 $57
Private Education Loans — Non-Traditional ............. 209 20 37
Total ............................................. $1,271 $55 $94
5. Goodwill and Acquired Intangible Assets
Goodwill
All acquisitions must be assigned to a reporting unit or units. A reporting unit is the same as, or one level
below, a reportable segment. We have four reportable segments: Consumer Lending, Business Services, FFELP
Loans and Other. The following table summarizes our goodwill, accumulated impairments and net goodwill for
our reporting units and reportable segments.
As of December 31, 2012 As of December 31, 2011
(Dollars in millions) Gross
Accumulated
Impairments Net Gross
Accumulated
Impairments Net
Total FFELP Loans reportable segment ............ $194 $ (4) $190 $194 $ (4) $190
Total Consumer Lending reportable segment ........ 147 — 147 147 — 147
Business Services reportable segment:
Servicing .................................. 50 — 50 50 — 50
Contingency Services ......................... 136 (129) 7 136 (129) 7
Wind-down Guarantor Servicing ................ 256 (256) — 256 (256) —
Insurance Services ........................... 9 (9) — 11 — 11
Upromise .................................. 140 (140) — 140 (140) —
Total Business Services reportable segment ......... 591 (534) 57 593 (525) 68
Total ........................................ $932 $(538) $394 $934 $(529) $405
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