Company: WFC-PC
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000072971-25-000201
Chunk: 55

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 55
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 assets (6)10,007 508 — — Interest-bearing deposits(41,261)(114)— — Long-term debt(155,760)9,754 (463)— December 31, 2024Available-for-sale debt securities (4)(5)$37,410 (1,546)10,778 312 Other assets (6)4,787 100 — — Interest-bearing deposits(54,084)(56)— — Long-term debt(151,743)12,858 — — (1)Does not include the carrying amount of hedged items where only foreign currency risk is the designated hedged risk. The carrying amount excluded $288 million and $260 million for AFS debt securities where only foreign currency risk is the designated hedged risk as of June 30, 2025, and December 31, 2024, respectively.(2)Represents the full carrying amount of the hedged asset or liability item as of the balance sheet date, except for circumstances in which only a portion of the asset or liability was designated as the hedged item in which case only the portion designated is presented.(3)The balance includes $517 million and $566 million of long-term debt cumulative basis adjustments as of June 30, 2025, and December 31, 2024, respectively, on terminated hedges whereby the hedged items have subsequently been re-designated into existing hedges.(4)Carrying amount represents the amortized cost.(5)At June 30, 2025, and December 31, 2024, the amortized cost of closed portfolios of AFS debt securities using the portfolio layer method was $32.8 billion and $18.6 billion, respectively, of which $15.1 billion and $9.0 billion was designated as hedged, respectively. The balance includes cumulative basis adjustments of $112 million and $(43) million as of June 30, 2025, and December 31, 2024, respectively, related to certain AFS debt securities designated as the hedged item in a fair value hedge using the portfolio layer method.(6)Other assets consists of hedged physical commodity inventory.Derivatives Not Designated as Hedging InstrumentsDerivatives not designated as hedging instruments include economic hedges and derivatives entered into for customer accommodation trading purposes.Economic hedge derivatives do