Wells Fargo 2006 Annual Report Download - page 102

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100
(in millions) Translation Defined Net unrealized Net unrealized Cumulative
adjustments benefit gains (losses) gains on other
pension on securities derivatives and comprehensive
plans and other other hedging income
interests held activities
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
Net change —(402)(1) (31)70 (363)
Balance, December 31, 2006 $29 $(402) $ 562 $113 $ 302
(1) Adoption of FAS 158.
(in millions) Year ended December 31,
2006 2005 2004
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
Securities available for sale and other
interests held:
Net unrealized gains (losses) arising
during the year 264 93 171 (401) (143) (258) 35 12 23
Reclassification of gains included
in net income (326) (124)(202)(64)(24)(40)(72)(27)(45)
Net unrealized losses arising
during the year (62) (31)(31)(465) (167) (298) (37)(15)(22)
Derivatives and hedging activities:
Net unrealized gains (losses) arising
during the year 46 16 30 349 134 215 (376) (137) (239)
Reclassification of net losses (gains)
on cash flow hedges included in
net income 64 24 40 (335) (128) (207) 413 152 261
Net unrealized gains arising
during the year 110 40 70 14 6 8 37 15 22
Other comprehensive income $ 48 $ 9 $ 39 $(443) $(158) $(285) $ 20 $ 8 $ 12
Note 18: Other Comprehensive Income
The components of other comprehensive income and the related tax effects were:
Cumulative other comprehensive income balances were: