| Other Comprehensive Income |
| | | Note 24: Other Comprehensive Income |
Table 24.1 provides the components of other comprehensive income (OCI), reclassifications to net income by income statement line item, and the related tax effects. Income tax effects are reclassified from accumulated OCI to net income in the same period as the related pre-tax amount. Table 24.1: Summary of Other Comprehensive Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended December 31, |
| | | | | 2025 | | 2024 | | 2023 | | (in millions) | | | | | | | | | | | | | Before tax | | Tax effect | | Net of tax | | Before tax | | Tax effect | | Net of tax | | Before tax | | Tax effect | | Net of tax | | Debt securities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains (losses) arising during the period | | | | | | | | | | | | | $ | 5,295 | | | (1,307) | | | 3,988 | | | (1,824) | | | 449 | | | (1,375) | | | 1,136 | | | (278) | | | 858 | | | Reclassification of net (gains) losses to net income | | | | | | | | | | | | | 636 | | | (156) | | | 480 | | | 1,437 | | | (354) | | | 1,083 | | | 549 | | | (136) | | | 413 | | | Net change | | | | | | | | | | | | | 5,931 | | | (1,463) | | | 4,468 | | | (387) | | | 95 | | | (292) | | | 1,685 | | | (414) | | | 1,271 | | | Derivatives and hedging activities: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Hedges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Change in fair value of excluded components (1) | | | | | | | | | | | | | 22 | | | (6) | | | 16 | | | 20 | | | (5) | | | 15 | | | 22 | | | (6) | | | 16 | | | Cash Flow Hedges: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains (losses) arising during the period | | | | | | | | | | | | | 602 | | | (149) | | | 453 | | | (1,223) | | | 302 | | | (921) | | | (201) | | | 50 | | | (151) | | | Reclassification of net (gains) losses to net income | | | | | | | | | | | | | 621 | | | (153) | | | 468 | | | 847 | | | (209) | | | 638 | | | 724 | | | (178) | | | 546 | | | Net change | | | | | | | | | | | | | 1,245 | | | (308) | | | 937 | | | (356) | | | 88 | | | (268) | | | 545 | | | (134) | | | 411 | | | Defined benefit plans adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net actuarial and prior service gains (losses) arising during the period | | | | | | | | | | | | | (1) | | | — | | | (1) | | | 99 | | | (24) | | | 75 | | | (22) | | | 5 | | | (17) | | | Reclassification of amounts to noninterest expense (2) | | | | | | | | | | | | | 102 | | | (24) | | | 78 | | | 109 | | | (24) | | | 85 | | | 109 | | | (24) | | | 85 | | | Net change | | | | | | | | | | | | | 101 | | | (24) | | | 77 | | | 208 | | | (48) | | | 160 | | | 87 | | | (19) | | | 68 | | | Debit valuation adjustments (DVA) and other: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains (losses) arising during the period | | | | | | | | | | | | | (83) | | | 20 | | | (63) | | | (40) | | | 9 | | | (31) | | | (38) | | | 9 | | | (29) | | | Reclassification of net (gains) losses to net income | | | | | | | | | | | | | 1 | | | — | | | 1 | | | — | | | — | | | — | | | — | | | — | | | — | | | Net change | | | | | | | | | | | | | (82) | | | 20 | | | (62) | | | (40) | | | 9 | | | (31) | | | (38) | | | 9 | | | (29) | | | Foreign currency translation adjustments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net unrealized gains (losses) arising during the period | | | | | | | | | | | | | 84 | | | (1) | | | 83 | | | (163) | | | (2) | | | (165) | | | 65 | | | (2) | | | 63 | | | Reclassification of net (gains) losses to net income | | | | | | | | | | | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | Net change | | | | | | | | | | | | | 84 | | | (1) | | | 83 | | | (163) | | | (2) | | | (165) | | | 65 | | | (2) | | | 63 | | | Other comprehensive income (loss) | | | | | | | | | | | | | $ | 7,279 | | | (1,776) | | | 5,503 | | | (738) | | | 142 | | | (596) | | | 2,344 | | | (560) | | | 1,784 | | Less: Other comprehensive income from noncontrolling interests, net of tax | | | | | | | | | | | | | | | | | — | | | | | | | — | | | | | | | 2 | | | Wells Fargo other comprehensive income (loss), net of tax | | | | | | | | | | | | | | | | | $ | 5,503 | | | | | | | (596) | | | | | | | 1,782 | |
(1)Represents changes in fair value of cross-currency swaps attributable to changes in cross-currency basis spreads, which are excluded from the assessment of hedge effectiveness and recognized in OCI. (2)These items are included in the computation of net periodic benefit cost. See Note 21 (Employee Benefits) for additional information. Table 24.2 provides the accumulated OCI balance activity net of tax. Table 24.2: Accumulated OCI Balances | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Debt securities (1) | | Fair value hedges (2) | | Cash flow hedges (3) | | Defined benefit plans adjustments | | Debit valuation adjustments (DVA) and other | | Foreign currency translation adjustments | | Accumulated other comprehensive income (loss) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance, December 31, 2022 | $ | (9,835) | | | (77) | | | (1,183) | | | (1,901) | | | 14 | | | (380) | | | (13,362) | | | | | | | | | | | | | | Net unrealized gains (losses) arising during the period | 858 | | | 16 | | | (151) | | | (17) | | | (29) | | | 63 | | | 740 | | | | | | | | | | | | | | Amounts reclassified from accumulated other comprehensive income | 413 | | | — | | | 546 | | | 85 | | | — | | | — | | | 1,044 | | | | | | | | | | | | | | Net change | 1,271 | | | 16 | | | 395 | | | 68 | | | (29) | | | 63 | | | 1,784 | | | | | | | | | | | | | | Less: Other comprehensive income from noncontrolling interests | — | | | — | | | — | | | — | | | — | | | 2 | | | 2 | | | | | | | | | | | | | Balance, December 31, 2023 | (8,564) | | | (61) | | | (788) | | | (1,833) | | | (15) | | | (319) | | | (11,580) | | | | | | | | | | | | | | Net unrealized gains (losses) arising during the period | (1,375) | | | 15 | | | (921) | | | 75 | | | (31) | | | (165) | | | (2,402) | | | | | | | | | | | | | | Amounts reclassified from accumulated other comprehensive income | 1,083 | | | — | | | 638 | | | 85 | | | — | | | — | | | 1,806 | | | | | | | | | | | | | | Net change | (292) | | | 15 | | | (283) | | | 160 | | | (31) | | | (165) | | | (596) | | | | | | | | | | | | | | Less: Other comprehensive income from noncontrolling interests | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Balance, December 31, 2024 | (8,856) | | | (46) | | | (1,071) | | | (1,673) | | | (46) | | | (484) | | | (12,176) | | | | | | | | | | | | | | Net unrealized gains (losses) arising during the period | 3,988 | | | 16 | | | 453 | | | (1) | | | (63) | | | 83 | | | 4,476 | | | | | | | | | | | | | | Amounts reclassified from accumulated other comprehensive income | 480 | | | — | | | 468 | | | 78 | | | 1 | | | — | | | 1,027 | | | | | | | | | | | | | | Net change | 4,468 | | | 16 | | | 921 | | | 77 | | | (62) | | | 83 | | | 5,503 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Less: Other comprehensive income from noncontrolling interests | — | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Balance, December 31, 2025 | $ | (4,388) | | | (30) | | | (150) | | | (1,596) | | | (108) | | | (401) | | | (6,673) | | | | | | | | | | | | |
(1)At December 31, 2025, 2024, and 2023, accumulated other comprehensive loss includes unamortized after-tax unrealized losses of $2.7 billion, $3.1 billion, and $3.5 billion, respectively, associated with the transfer of securities from AFS to HTM. These amounts are subsequently amortized into earnings over the same period as the related unamortized premiums and discounts. (2)Substantially all of the amounts for fair value hedges are foreign exchange contracts. (3)Substantially all of the amounts for cash flow hedges are interest rate contracts.
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