Company: WFC-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000072971-25-000253
Chunk: 55

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 55
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30)6 — (24)N/ATotal gains (losses) (pre-tax) on foreign exchange contracts— — (104)2 — (102)16 Commodity contractsRecognized on derivatives— — — — (532)(532)— Recognized on hedged items— — — — 561 561 N/ATotal gains (losses) (pre-tax) on commodity contracts— — — — 29 29 — Total gains (losses) (pre-tax) recognized on fair value hedges$754 (387)(3,143)2 29 (2,745)16 

Wells Fargo & Company95

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)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