Wells Fargo 2011 Annual Report Download - page 224
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Note 23: Other Comprehensive Income
The components of other comprehensive income (OCI) and the related tax effects were:
Year ended December 31,
2011
2010
2009
Before
Tax
Net of
Before
Tax
Net of
Before
Tax
Net of
(in millions)
tax
effect
tax
tax
effect
tax
tax
effect
tax
Translation adjustments
$
(35)
13
(22)
71
(26)
45
118
(45)
73
Securities available for sale:
Net unrealized gains (losses)
arising during the year
(578)
359
(219)
2,611
(1,134)
1,477
15,998
(5,972)
10,026
Reclassification of (gains) losses
included in net income
(696)
262
(434)
77
(29)
48
(349)
129
(220)
Net unrealized gains (losses)
arising during the year
(1,274)
621
(653)
2,688
(1,163)
1,525
15,649
(5,843)
9,806
Derivatives and hedging activities:
Net unrealized gains
arising during the year
190
(85)
105
750
(282)
468
193
(86)
107
Reclassification of net gains on cash flow
hedges included in net income
(571)
217
(354)
(613)
234
(379)
(531)
203
(328)
Net unrealized gains (losses)
arising during the year
(381)
132
(249)
137
(48)
89
(338)
117
(221)
Defined benefit pension plans:
Net actuarial gains (losses)
(1,079)
411
(668)
20
(9)
11
222
(73)
149
Amortization of net actuarial loss and prior
service cost included in net income
99
(38)
61
104
(45)
59
184
(60)
124
Net gains (losses) arising during the year
(980)
373
(607)
124
(54)
70
406
(133)
273
Other comprehensive income
$
(2,670)
1,139
(1,531)
3,020
(1,291)
1,729
15,835
(5,904)
9,931
Cumulative OCI balances were:
Cumulative
Derivatives
Defined
other
Securities
and
benefit
compre-
Translation
available
hedging
pension
hensive
(in millions)
adjustments
for sale
activities
plans
income
Balance, December 31, 2008
$
(6)
(6,212)
871
(1,522)
(6,869)
Cumulative effect from change in accounting for
other-than-temporary impairment on debt securities
-
(53)
-
-
(53)
Net change
73
9,806
(221)
273
9,931
Balance, December 31, 2009
67
3,541
650
(1,249)
3,009
Net change
45
1,525
89
70
1,729
Balance, December 31, 2010
112
5,066
739
(1,179)
4,738
Net change
(22)
(653)
(249)
(607)
(1,531)
Balance, December 31, 2011
$
90
4,413
490
(1,786)
3,207
222