v2.4.0.8
Other Comprehensive Income
 6 Months Ended
Jun. 30, 2013
Other Comprehensive Income [Abstract]  
Other Comprehensive Income

The components of other comprehensive income (OCI), reclassifications to net income by income statement line item, and the related tax effects were:

 

                          
                          
        Quarter ended June 30, Six months ended June 30,
          2013  2012  2013  2012
         BeforeTax Net of BeforeTaxNet of BeforeTax Net of BeforeTaxNet of
(in millions) taxeffect tax taxeffecttax taxeffect tax taxeffecttax
Foreign currency translation adjustments:                 
 Net unrealized losses arising                  
  during the period$ (21) (8)  (29)  (56) 21 (35)  (39) (6)  (45)  (46) 17 (29)
 Reclassification of net gains                   
  to net income:                  
   Noninterest income  (15) 5  (10)  (10) 4 (6)  (15) 5  (10)  (10) 4 (6)
       Net change (36) (3)  (39)  (66) 25 (41)  (54) (1)  (55)  (56) 21 (35)
Securities available for sale:                  
 Net unrealized gains (losses)                   
  arising during the period  (6,130) 2,300  (3,830)  831 (316) 515  (6,764) 2,530  (4,234)  2,705 (1,020) 1,685
 Reclassification of net (gains)                  
  losses to net income:                  
   Net losses on debt securities                  
    available for sale  54 (20)  34  61 (24) 37  9 (3)  6  68 (26) 42
   Net gains from equity                 
    investments  (24) 9  (15)  (84) 38 (46)  (92) 35  (57)  (317) 120 (197)
     Subtotal reclassifications                   
      to net income  30 (11)  19  (23) 14 (9)  (83) 32  (51)  (249) 94 (155)
       Net change  (6,100) 2,289  (3,811)  808 (302) 506  (6,847) 2,562  (4,285)  2,456 (926) 1,530
Derivatives and hedging activities:                  
 Net unrealized gains (losses)                  
  arising during the period  (10) 3  (7)  (3) (4) (7)  (3) 1  (2)  39 (16) 23
 Reclassification of net (gains) losses                  
  on cash flow hedges to net income:                 
   Interest income on loans  (115) 40  (75)  (123) 47 (76)  (231) 87  (144)  (252) 95 (157)
   Interest expense on long-term debt  27 (10)  17  24 (10) 14  54 (20)  34  46 (18) 28
   Noninterest income  17 (6)  11  - - -  17 (6)  11  - - -
   Salaries expense  2 (1)  1  - - -  4 (2)  2  - - -
     Subtotal reclassifications                  
      to net income (69) 23  (46)  (99) 37 (62)  (156) 59  (97)  (206) 77 (129)
       Net change (79) 26  (53)  (102) 33 (69)  (159) 60  (99)  (167) 61 (106)
Defined benefit plans adjustments:                  
 Net actuarial gains (losses) arising                  
  during the period  772 (291)  481  (12) 5 (7)  778 (293)  485  (17) 7 (10)
 Reclassification of amounts to net                  
  periodic benefit costs (1):                  
   Amortization of net actuarial loss 45 (16)  29  35 (14) 21  91 (34)  57  71 (27) 44
   Settlements and other costs  68 (26)  42  5 (2) 3  71 (27)  44  5 (2) 3
     Subtotal reclassifications to                 
      net periodic benefit costs 113 (42)  71  40 (16) 24  162 (61)  101  76 (29) 47
       Net change 885 (333)  552  28 (11) 17  940 (354)  586  59 (22) 37
Other comprehensive income (loss)$ (5,330) 1,979  (3,351)  668 (255) 413  (6,120) 2,267  (3,853)  2,292 (866) 1,426
Less: Other comprehensive income (loss)                 
 from noncontrolling interests, net of tax    (3)    -     -    4
  Wells Fargo other comprehensive                  
   income (loss), net of tax   $ (3,348)    413     (3,853)    1,422
                          

  • These items are included in the computation of net periodic benefit cost which is recorded in employee benefit expense (see Note 15 for additional details).

 

Cumulative OCI balances were:

 

              
              
             Cumulative
     Foreign   Derivatives Defined other
     currency Securities and benefit compre-
     translation available hedging plans hensive
(in millions) adjustments for sale activities adjustments income
Quarter ended June 30, 2013          
Balance, beginning of period$ 64  6,985  243  (2,147)  5,145
 Net unrealized gains (losses)           
  arising during the period  (29)  (3,830)  (7)  481  (3,385)
 Amounts reclassified from accumulated          
  other comprehensive income  (10)  19  (46)  71  34
 Net change  (39)  (3,811)  (53)  552  (3,351)
 Less: Other comprehensive income (loss) from          
   noncontrolling interests  -  (3)  -  -  (3)
Balance, end of period$ 25  3,177  190  (1,595)  1,797
Quarter ended June 30, 2012          
Balance, beginning of period$ 96  5,433  453  (1,766)  4,216
 Net unrealized gains (losses) arising during the period   (35)  515  (7)  (7)  466
 Amounts reclassified from accumulated          
  other comprehensive income  (6)  (9)  (62)  24  (53)
 Net change  (41)  506  (69)  17  413
 Less: Other comprehensive income (loss) from          
   noncontrolling interests  -  -  -  -  -
Balance, end of period$ 55  5,939  384  (1,749)  4,629
Six months ended June 30, 2013          
Balance, beginning of period$ 80  7,462  289  (2,181)  5,650
 Net unrealized gains (losses)           
  arising during the period  (45)  (4,234)  (2)  485  (3,796)
 Amounts reclassified from accumulated          
  other comprehensive income  (10)  (51)  (97)  101  (57)
 Net change  (55)  (4,285)  (99)  586  (3,853)
 Less: Other comprehensive income (loss) from          
   noncontrolling interests  -  -  -  -  -
Balance, end of period$ 25  3,177  190  (1,595)  1,797
Six months ended June 30, 2012          
Balance, beginning of period$ 90  4,413  490  (1,786)  3,207
 Net unrealized gains (losses) arising during the period   (29)  1,685  23  (10)  1,669
 Amounts reclassified from accumulated          
  other comprehensive income  (6)  (155)  (129)  47  (243)
 Net change  (35)  1,530  (106)  37  1,426
 Less: Other comprehensive income (loss) from          
   noncontrolling interests  -  4  -  -  4
Balance, end of period$ 55  5,939  384  (1,749)  4,629