Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 95

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 95
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 — — Reclassification of amounts to noninterest expense (2)25 (5)20 27 (6)21 Net change25 (5)20 27 (6)21 Debit valuation adjustments (DVA) and other:Net unrealized gains (losses) arising during the period11 (3)8 (23)6 (17)Reclassification of net (gains) losses to net income— — — — — — Net change11 (3)8 (23)6 (17)Foreign currency translation adjustments:Net unrealized gains (losses) arising during the period27 — 27 (50)(1)(51)Reclassification of net (gains) losses to net income— — — — — — Net change27 — 27 (50)(1)(51)Other comprehensive income (loss)$2,883 (704)2,179 (1,266)300 (966)Less: Other comprehensive income from noncontrolling interests, net of tax1 — Wells Fargo other comprehensive income (loss), net of tax$2,178 (966)(1)Represents changes in fair value of cross-currency swaps attributable to changes in cross-currency basis spreads, which are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income.(2)These items are included in the computation of net periodic benefit cost. See Note 19 (Employee Benefits) for additional information.

120Wells Fargo & Company

Table 21.2 provides the accumulated OCI balance activity on an after-tax basis.Table 21.2:  Accumulated OCI Balances (in millions)Debtsecurities (1)Fair value hedges (2)Cash flow hedges (3)Defined  benefit  plans  adjustmentsDebit valuation adjustments(DVA) and otherForeign  currency  translation adjustments Accumulated  other comprehensive income (loss)Quarter ended March 31, 2025Balance, beginning of period$(8,856)(46)(1,071)(1,673)(46)(484)(12,176)Net unrealized gains arising during the period1,700 5 334 — 8 27 2,074 Amounts reclassified from accumulated other comprehensive income(22)— 107 20 —