SLM CORP | 2013 | FY | 3


8. Other Assets

The following table provides the detail of our other assets.

 

     December 31, 2013     December 31, 2012  

(Dollars in millions)

   Ending
Balance
     % of
Balance
    Ending
Balance
     % of
Balance
 

Accrued interest receivable, net

   $ 2,161         30   $ 2,147         26

Derivatives at fair value

     1,624         22        2,241         27   

Income tax asset, net current and deferred

     1,299         18        1,478         18   

Accounts receivable

     881         12        1,111         13   

Benefit and insurance-related investments

     477         7        474         6   

Fixed assets, net

     237         3        215         3   

Other loans, net

     101         1        137         2   

Other

     507         7        470         5   
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 7,287         100   $ 8,273         100
  

 

 

    

 

 

   

 

 

    

 

 

 

The “Derivatives at fair value” line in the above table represents the fair value of our derivatives in a gain position by counterparty, exclusive of accrued interest and collateral. At December 31, 2013 and 2012, these balances included $1.6 billion and $2.4 billion, respectively, of cross-currency interest rate swaps and interest rate swaps designated as fair value hedges that were offset by an increase in interest-bearing liabilities related to the hedged debt. As of December 31, 2013 and 2012, the cumulative mark-to-market adjustment to the hedged debt was $(2.1) billion and $(2.8) billion, respectively.


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