Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 175

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 11
Chunk 175
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 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 items no longer designated(in millions)Carrying amount of assets/(liabilities) (1)(2)Hedge accountingbasis adjustmentassets/(liabilities) (3)Carrying amount of assets/(liabilities) (2)Hedge accounting basis adjustmentassets/(liabilities)September 30, 2025Available-for-sale debt securities (4)(5)$74,792 (373)22,803 296 Other assets (6)9,434 1,378 — — Interest-bearing deposits(54,761)(138)— — Long-term debt(156,824)9,330 — — 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 $10 million and $260 million for AFS debt securities where only foreign currency risk is the designated hedged risk as of September 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 $488 million and $566 million of long-term debt cumulative basis adjustments as of September 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 September 30, 2025, and December 31, 2024, the amortized cost of closed portfolios of AFS debt securities using the portfolio layer method was $28.9 billion and $18.6 billion, respectively