Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 203

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 13
Chunk 203
---
 recognized on our consolidated balance sheet, and classified as loans and long-term debt, respectively.Table 13.6 presents a summary of financial assets and liabilities of our consolidated VIEs. The carrying value represents assets and liabilities recognized on our consolidated balance sheet. “Total VIE assets” includes affiliate balances that are eliminated upon consolidation, and therefore in some instances will differ from the carrying value of assets.On our consolidated balance sheet, we separately disclose (1) the consolidated assets of certain VIEs that can only be used to settle the liabilities of those VIEs, and (2) the consolidated liabilities of certain VIEs for which the VIE creditors do not have recourse to Wells Fargo.Table 13.6:  Transactions with Consolidated VIEsCarrying value – asset (liability)(in millions)TotalVIE assetsLoansAll otherassets (1)Long-term debtAccrued expenses and other liabilitiesJune 30, 2025Commercial and industrial loans and leases$1,727 1,568 159 — (133)Credit card securitizations9,464 9,284 49 (3,772)(8)Other1,109 — 1,106 — (3)Total consolidated VIEs$12,300 10,852 1,314 (3,772)(144)December 31, 2024Commercial and industrial loans and leases$1,737 1,570 167 — (118)Credit card securitizations9,803 9,615 25 (2,240)(5)Other479 — 479 — (1)Total consolidated VIEs$12,019 11,185 671 (2,240)(124)(1)All other assets includes loans held for sale and other assets.

Other TransactionsIn addition to the transactions included in the previous tables, we used wholly-owned trust preferred security VIEs to issue debt securities or preferred equity exclusively to third-party investors. As the sole assets of the VIEs were receivables from us, we did not consolidate the VIEs even though we owned all of the voting equity shares of the VIEs, had fully guaranteed the obligations of the VIEs, and had the right to redeem the third-party securities under certain circumstances. On our consolidated balance sheet, we reported the debt securities issued to the VIEs as long-term junior subordinated debt with a carrying value