Other Comprehensive Income (Tables)

Table 20.1 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 (AOCI) to net income in the same period as the related pre-tax amount.

Table 20.1: Summary of OCI


	Quarter ended June 30,								Six months ended June 30,
	2026					2025			2026					2025
(in millions)	Before tax		Tax effect	Net of tax		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	$	213	(53)	160		112	(28)	84	$	(1,068)	264	(804)		2,368	(584)	1,784
Reclassification of net (gains) losses to net income	114		(28)	86		129	(32)	97	222		(55)	167		100	(25)	75
Net change	327		(81)	246		241	(60)	181	(846)		209	(637)		2,468	(609)	1,859
Derivatives and hedging activities:
Fair value hedges:
Change in fair value of excluded components (1)	—		—	—		5	(1)	4	12		(3)	9		12	(3)	9
Cash flow hedges:
Net unrealized gains (losses) arising during the period	(743)		184	(559)		279	(69)	210	(1,300)		321	(979)		723	(179)	544
Reclassification of net (gains) losses to net income	68		(17)	51		164	(40)	124	148		(36)	112		306	(75)	231
Net change	(675)		167	(508)		448	(110)	338	(1,140)		282	(858)		1,041	(257)	784
Defined benefit plans adjustments:
Net actuarial and prior service gains (losses) arising during the period	—		—	—		—	—	—	—		—	—		—	—	—
Reclassification of amounts to noninterest expense (2)	21		(5)	16		26	(7)	19	45		(10)	35		51	(12)	39
Net change	21		(5)	16		26	(7)	19	45		(10)	35		51	(12)	39
Debit valuation adjustments (DVA) and other:
Net unrealized gains (losses) arising during the period	(84)		21	(63)		(32)	8	(24)	(16)		4	(12)		(21)	5	(16)
Reclassification of net (gains) losses to net income	—		—	—		—	—	—	—		—	—		—	—	—
Net change	(84)		21	(63)		(32)	8	(24)	(16)		4	(12)		(21)	5	(16)
Foreign currency translation adjustments:
Net unrealized gains (losses) arising during the period	(45)		(1)	(46)		119	(2)	117	(130)		(2)	(132)		146	(2)	144
Reclassification of net (gains) losses to net income	—		—	—		—	—	—	—		—	—		—	—	—
Net change	(45)		(1)	(46)		119	(2)	117	(130)		(2)	(132)		146	(2)	144
Other comprehensive income (loss)	$	(456)	101	(355)		802	(171)	631	$	(2,087)	483	(1,604)		3,685	(875)	2,810
Less: Other comprehensive loss from noncontrolling interests, net of tax				—				(1)				—				—
Wells Fargo other comprehensive income (loss), net of tax				$	(355)			632				$	(1,604)			2,810

(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 18 (Employee Benefits) for additional information.

Table 20.2 provides the AOCI balance activity net of tax.

Table 20.2: AOCI 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)
Quarter ended June 30, 2026


Balance, beginning of period	$	(5,271)	(21)	(509)	(1,577)	(57)	(487)	(7,922)
Net unrealized gains (losses) arising during the period	160		—	(559)	—	(63)	(46)	(508)
Amounts reclassified from AOCI	86		—	51	16	—	—	153
Net change	246		—	(508)	16	(63)	(46)	(355)
Less: Other comprehensive income from noncontrolling interests	—		—	—	—	—	—	—
Balance, end of period	$	(5,025)	(21)	(1,017)	(1,561)	(120)	(533)	(8,277)
Quarter ended June 30, 2025


Balance, beginning of period	$	(7,178)	(41)	(630)	(1,653)	(38)	(458)	(9,998)
Net unrealized gains (losses) arising during the period	84		4	210	—	(24)	117	391
Amounts reclassified from AOCI	97		—	124	19	—	—	240
Net change	181		4	334	19	(24)	117	631
Less: Other comprehensive loss from noncontrolling interests	—		—	—	—	—	(1)	(1)
Balance, end of period	$	(6,997)	(37)	(296)	(1,634)	(62)	(340)	(9,366)
Six months ended June 30, 2026


Balance, beginning of period	$	(4,388)	(30)	(150)	(1,596)	(108)	(401)	(6,673)
Net unrealized gains (losses) arising during the period	(804)		9	(979)	—	(12)	(132)	(1,918)
Amounts reclassified from AOCI	167		—	112	35	—	—	314
Net change	(637)		9	(867)	35	(12)	(132)	(1,604)
Less: Other comprehensive income from noncontrolling interests	—		—	—	—	—	—	—
Balance, end of period	$	(5,025)	(21)	(1,017)	(1,561)	(120)	(533)	(8,277)
Six months ended June 30, 2025


Balance, beginning of period	$	(8,856)	(46)	(1,071)	(1,673)	(46)	(484)	(12,176)
Net unrealized gains (losses) arising during the period	1,784		9	544	—	(16)	144	2,465
Amounts reclassified from AOCI	75		—	231	39	—	—	345
Net change	1,859		9	775	39	(16)	144	2,810
Less: Other comprehensive income from noncontrolling interests	—		—	—	—	—	—	—
Balance, end of period	$	(6,997)	(37)	(296)	(1,634)	(62)	(340)	(9,366)

(1)At June 30, 2026 and 2025, accumulated other comprehensive loss includes unamortized after-tax unrealized losses of $2.6 billion and $2.9 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.