Wells Fargo 2007 Annual Report Download - page 123
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120
(in millions) Translation Net Net Defined Cumulative
adjustments unrealized unrealized benefit other
gains gains on pension compre-
(losses) on derivatives plans hensive
securities and income
available hedging
for sale activities
and other
interests
held
Balance, December 31, 2004 $24 $ 891 $ 35 $ — $ 950
Net change 5 (298) 8 — (285)
Balance, December 31, 2005 29 593 43 — 665
Net change — (31) 70 (402)(1) (363)
Balance, December 31, 2006 29 562 113 (402) 302
Net change 23 (164) 322 242 423
Balance, December 31, 2007 $52 $ 398 $435 $(160) $ 725
(1) Adoption of FAS 158.
(in millions) Year ended December 31,
2007 2006 2005
Before Tax Net of Before Tax Net of Before Tax Net of
tax effect tax tax effect tax tax effect tax
Translation adjustments $ 36 $ 13 $ 23 $ — $ — $ — $ 8 $ 3 $ 5
Securities available for sale
and other interests held:
Net unrealized gains (losses)
arising during the year 86 36 50 264 93 171 (401) (143) (258)
Reclassification of gains
included in net income (345) (131) (214) (326) (124) (202) (64) (24) (40)
Net unrealized losses arising
during the year (259) (95) (164) (62) (31) (31) (465) (167) (298)
Derivatives and
hedging activities:
Net unrealized gains
arising during the year 645 246 399 46 16 30 349 134 215
Reclassification of net losses
(gains) on cash flow hedges
included in net income (124) (47) (77) 64 24 40 (335) (128) (207)
Net unrealized gains arising
during the year 521 199 322 110 40 70 14 6 8
Defined benefit pension plans:
Amortization of net actuarial
loss and prior service cost
included in net income 391 149 242 — — — — — —
Other comprehensive income $ 689 $ 266 $ 423 $ 48 $ 9 $ 39 $(443) $(158) $(285)
Note 23: Other Comprehensive Income
The components of other comprehensive income and the related tax effects were:
Cumulative other comprehensive income balances were: