Wells Fargo 2005 Annual Report Download - page 95

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93
(in millions) Translation Net unrealized Net unrealized Cumulative other
adjustments gains (losses) on gains (losses) on comprehensive income
securities and other derivatives and other
retained interests hedging activities
Balance, December 31, 2002 $(14)$1,030 $(40)$ 976
Net change 26 (117) 53 (38)
Balance, December 31, 2003 12 913 13 938
Net change 12 (22)22 12
Balance, December 31, 2004 $ 24 $891 $35 $ 950
Net change 5 (298) 8 (285)
Balance, December 31, 2005 $ 29 $ 593 $ 43 $ 665
(in millions) Year ended December 31,
2005 2004 2003
Before Tax Net of Before Tax Net of Before Tax Net of
tax effect tax tax effect tax tax effect tax
Translation adjustments $8 $ 3 $ 5 $20 $ 8 $ 12 $42 $ 16 $26
Securities available for sale and other
retained interests:
Net unrealized gains (losses) arising
during the year (401) (143) (258) 35 12 23 (117) (42) (75)
Reclassification of gains included
in net income (64)(24)(40)(72)(27)(45)(68)(26)(42)
Net unrealized losses arising
during the year (465)(167)(298) (37)(15)(22) (185) (68) (117)
Derivatives and hedging activities:
Net unrealized gains (losses) arising
during the year 349 134 215 (376) (137) (239) (1,629) (603) (1,026)
Reclassification of net losses (gains)
on cash flow hedges included in
net income (335) (128)(207)413 152 261 1,707 628 1,079
Net unrealized gains arising
during the year 14 6 8 37 15 22 78 25 53
Other comprehensive income $(443) $(158) $(285) $ 20 $ 8 $ 12 $ (65) $ (27) $ (38)
Note 18: Other Comprehensive Income
The components of other comprehensive income and the related tax effects were:
Cumulative other comprehensive income balances were: