Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 47

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 47
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31, 2025, will be reclassified into net interest income during the next twelve months. For cash flow hedges as of March 31, 2025, we are hedging our interest rate and foreign currency exposure to the variability of future cash flows for all forecasted transactions for a maximum of approximately 7 years. For additional information on our accounting hedges, see Note 1 (Summary of Significant Accounting Policies) in our 2024 Form 10-K.

Wells Fargo & Company91

Note 11:  Derivatives (continued)

Table 11.3 and Table 11.4 show the net gains (losses) related to derivatives in cash flow and fair value hedging relationships, respectively.Table 11.3:  Gains (Losses) Recognized on Cash Flow Hedging RelationshipsNet interest incomeTotal recorded in net incomeTotal recorded in OCI(in millions)LoansOther interest incomeLong-term debtDerivative gains (losses)Derivative gains (losses)Quarter ended March 31, 2025Total amounts presented in the consolidated statement of income and other comprehensive income$13,357 2,645 (2,582)N/A593 Interest rate contracts:Realized gains (losses) (pre-tax) reclassified from OCI into net income(85)(55)— (140)140 Net unrealized gains (losses) (pre-tax) recognized in OCIN/AN/AN/AN/A444 Total gains (losses) (pre-tax) on interest rate contracts(85)(55)— (140)584 Foreign exchange contracts:Realized gains (losses) (pre-tax) reclassified from OCI into net income— — (2)(2)2 Net unrealized gains (losses) (pre-tax) recognized in OCIN/AN/AN/AN/A— Total gains (losses) (pre-tax) on foreign exchange contracts— — (2)(2)2 Total gains (losses) (pre-tax) recognized on cash flow hedges$(85)(55)(2)(142)586 Quarter ended March 31, 2024Total amounts presented in the consolidated statement of income and other comprehensive income$14,713 3,601 (3,349)N/A(660)Interest rate contracts:Realized gains (losses) (pre-tax) reclassified from OCI into net income(97)(145)— (242)242