Company: WFC-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0000072971-25-000129
Chunk: 156

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 11
Chunk 156
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 — (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 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)March 31, 2025Available-for-sale debt securities (4)(5)$47,521 (952)10,014 284 Other assets (6)9,747 977 — — Interest-bearing deposits(43,952)(98)— — Long-term debt(154,333)10,772 — — 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