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Other Comprehensive Income
 9 Months Ended
Sep. 30, 2013
Other Comprehensive Income [Abstract]  
Other Comprehensive Income

Note 17: 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 September 30, Nine months ended September 30,
          2013  2012  2013  2012
         BeforeTax Net of BeforeTaxNet of BeforeTax Net of BeforeTaxNet of
(in millions) taxeffect tax taxeffecttax taxeffect tax taxeffecttax
Securities available for sale:                  
 Net unrealized gains (losses)                   
  arising during the period$ 842 (199)  643  2,892 (1,077) 1,815  (5,922) 2,331  (3,591)  5,597 (2,097) 3,500
 Reclassification of net (gains)                  
  losses to net income:                  
   Net (gains) losses on debt securities                 
    available for sale  6 (3)  3  (3) 1 (2)  15 (6)  9  65 (25) 40
   Net gains from equity                 
    investments  (120) 45  (75)  (38) 14 (24)  (212) 80  (132)  (355) 134 (221)
     Subtotal reclassifications                   
      to net income  (114) 42  (72)  (41) 15 (26)  (197) 74  (123)  (290) 109 (181)
       Net change  728 (157)  571  2,851 (1,062) 1,789  (6,119) 2,405  (3,714)  5,307 (1,988) 3,319
Derivatives and hedging activities:                  
 Net unrealized gains (losses)                  
  arising during the period  (7) 3  (4)  24 (3) 21  (10) 4  (6)  63 (19) 44
 Reclassification of net (gains) losses                  
  on cash flow hedges to net income:                 
   Interest income on loans  (106) 35  (71)  (118) 48 (70)  (337) 122  (215)  (370) 143 (227)
   Interest expense on long-term debt 19 (7)  12  24 (8) 16  73 (27)  46  70 (26) 44
   Noninterest income  18 (7)  11  - - -  35 (13)  22  - - -
   Salaries expense  - -  -  5 (2) 3  4 (2)  2  5 (2) 3
     Subtotal reclassifications                  
      to net income (69) 21  (48)  (89) 38 (51)  (225) 80  (145)  (295) 115 (180)
       Net change (76) 24  (52)  (65) 35 (30)  (235) 84  (151)  (232) 96 (136)
Defined benefit plans adjustments:                  
 Net actuarial gains (losses) arising                  
  during the period  297 (112)  185  (1) - (1)  1,075 (405)  670  (18) 7 (11)
 Reclassification of amounts to net                 
  periodic benefit costs (1):                  
   Amortization of net actuarial loss 33 (13)  20  35 (13) 22  124 (47)  77  106 (40) 66
   Settlements and other  26 (9)  17  - - -  97 (36)  61  5 (2) 3
     Subtotal reclassifications to                 
      net periodic benefit costs 59 (22)  37  35 (13) 22  221 (83)  138  111 (42) 69
       Net change 356 (134)  222  34 (13) 21  1,296 (488)  808  93 (35) 58
Foreign currency translation adjustments:                 
 Net unrealized gains (losses) arising                  
  during the period  12 2  14  45 (17) 28  (27) (4)  (31)  (1) - (1)
 Reclassification of net (gains)                   
  losses to net income:                  
   Noninterest income  3 -  3  - - -  (12) 5  (7)  (10) 4 (6)
       Net change 15 2  17  45 (17) 28  (39) 1  (38)  (11) 4 (7)
Other comprehensive income (loss)$ 1,023 (265)  758  2,865 (1,057) 1,808  (5,097) 2,002  (3,095)  5,157 (1,923) 3,234
Less: Other comprehensive income                 
 from noncontrolling interests, net of tax    266    2     266    6
  Wells Fargo other comprehensive                  
   income (loss), net of tax   $ 492    1,806     (3,361)    3,228
                          

  • 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
       Derivatives Defined Foreign other
     Securities and benefit currency compre-
     available hedging plans translation hensive
(in millions) for sale activities adjustments adjustments income
Quarter ended September 30, 2013          
Balance, beginning of period$ 3,177  190  (1,595)  25  1,797
 Net unrealized gains (losses)           
  arising during the period  643  (4)  185  14  838
 Amounts reclassified to net income  (72)  (48)  37  3  (80)
 Net change  571  (52)  222  17  758
 Less: Other comprehensive income from          
   noncontrolling interests  265  -  -  1  266
Balance, end of period$ 3,483  138  (1,373)  41  2,289
Quarter ended September 30, 2012          
Balance, beginning of period$ 5,939  384  (1,749)  55  4,629
 Net unrealized gains (losses) arising during the period   1,815  21  (1)  28  1,863
 Amounts reclassified to net income  (26)  (51)  22  -  (55)
 Net change  1,789  (30)  21  28  1,808
 Less: Other comprehensive income (loss) from          
   noncontrolling interests  3  -  -  (1)  2
Balance, end of period$ 7,725  354  (1,728)  84  6,435
Nine months ended September 30, 2013          
Balance, beginning of period$ 7,462  289  (2,181)  80  5,650
 Net unrealized gains (losses)           
  arising during the period  (3,591)  (6)  670  (31)  (2,958)
 Amounts reclassified to net income  (123)  (145)  138  (7)  (137)
 Net change  (3,714)  (151)  808  (38)  (3,095)
 Less: Other comprehensive income from          
   noncontrolling interests  265  -  -  1  266
Balance, end of period$ 3,483  138  (1,373)  41  2,289
Nine months ended September 30, 2012          
Balance, beginning of period$ 4,413  490  (1,786)  90  3,207
 Net unrealized gains (losses) arising during the period   3,500  44  (11)  (1)  3,532
 Amounts reclassified to net income  (181)  (180)  69  (6)  (298)
 Net change  3,319  (136)  58  (7)  3,234
 Less: Other comprehensive income (loss) from          
   noncontrolling interests  7  -  -  (1)  6
Balance, end of period$ 7,725  354  (1,728)  84  6,435