v2.4.0.8
Employee Benefits
 6 Months Ended
Jun. 30, 2013
Pension and Other Postretirement Benefit Expense [Abstract]  
Employee Benefits

We sponsor a noncontributory qualified defined benefit retirement plan, the Wells Fargo & Company Cash Balance Plan (Cash Balance Plan), which covers eligible employees of Wells Fargo. Benefits accrued under the Cash Balance Plan were frozen effective July 1, 2009.

       The net periodic benefit cost was:

             
             
       2013  2012
      Pension benefits  Pension benefits 
       Non-Other  Non-Other
(in millions)Qualifiedqualifiedbenefits Qualifiedqualifiedbenefits
Quarter ended June 30,    
Service cost $ - - 2  1 - 3
Interest cost   113 7 12  128 8 15
Expected return on plan assets  (170) - (9)  (163) - (8)
Amortization of net actuarial loss  42 3 -  33 2 -
Settlement  68 - -  - 5 (1)
 Net periodic benefit cost (income)$ 53 10 5  (1) 15 9
Six months ended June 30,    
Service cost $ - - 5  1 - 6
Interest cost   226 14 24  256 16 30
Expected return on plan assets  (341) - (18)  (325) - (17)
Amortization of net actuarial loss  84 7 -  66 5 -
Amortization of prior service credit  - - (1)  - - (1)
Settlement  68 4 -  1 5 (1)
 Net periodic benefit cost (income)$ 37 25 10  (1) 26 17
             

We recognize settlement losses for our Cash Balance Plan based on an assessment of whether our estimated lump sum payments related to the Cash Balance Plan will, in aggregate for the year, exceed the sum of its annual service and interest cost. Settlement losses of $68 million were recognized during second quarter 2013, representing the pro rata portion of the net loss remaining in cumulative other comprehensive income based on the percentage reduction in the Cash Balance Plan's projected benefit obligation. Recognizing settlement losses resulted in a re-measurement that decreased the Cash Balance Plan liability $772 million as of June 30, 2013, and with the impact of the settlement increased other comprehensive income in second quarter 2013 by $840 million pre-tax and $524 million after tax. The re-measurement was based on a discount rate of 4.75% at June 30, 2013, using our consistent methodology of basing the discount rate on an established yield curve methodology.