Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 49

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 49
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— — — — 1,349 1,349 N/ATotal gains (losses) (pre-tax) on commodity contracts— — — — 11 11 — Total gains (losses) (pre-tax) recognized on fair value hedges$60 24 (571)— 11 (476)7 Quarter ended March 31, 2024Total amounts presented in the consolidated statement of income and other comprehensive income$4,262 (5,811)(3,349)1,447 717 N/A(660)Interest contractsAmounts related to cash flows on derivatives269 (132)(1,011)— — (874)N/ARecognized on derivatives576 (298)(2,515)— — (2,237)— Recognized on hedged items(572)294 2,509 — — 2,231 N/ATotal gains (losses) (pre-tax) on interest rate contracts273 (136)(1,017)— — (880)— Foreign exchange contractsAmounts related to cash flows on derivatives— — (29)— — (29)N/ARecognized on derivatives— — (7)(100)— (107)4 Recognized on hedged items— — 7 100 — 107 N/ATotal gains (losses) (pre-tax) on foreign exchange contracts— — (29)— — (29)4 Commodity contractsRecognized on derivatives— — — — (69)(69)— Recognized on hedged items— — — — 77 77 N/ATotal gains (losses) (pre-tax) on commodity contracts— — — — 8 8 — Total gains (losses) (pre-tax) recognized on fair value hedges$273 (136)(1,046)— 8 (901)4 

Wells Fargo & Company93

Note 11:  Derivatives (continued)

Table 11.5 shows the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships.Table 11.5:  Hedged Items in Fair Value Hedging RelationshipsHedged items currently designatedHedged