Wells Fargo 2012 Annual Report Download - page 238

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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,
2012 2011 2010
Before Tax Net of Before Tax Net of Before Tax Net of
(in millions) tax effect tax tax effect tax tax effect tax
Foreign currency translation adjustments:
Net unrealized gains (losses)
arising during the period $ (6) 2 (4) (37) 13 (24) 83 (26) 57
Reclassification of net gains
to net income (10) 4 (6) - - - - - -
Net unrealized gains (losses)
arising during the period (16) 6 (10) (37) 13 (24) 83 (26) 57
Securities available for sale:
Net unrealized gains (losses)
arising during the period 5,143 (1,921) 3,222 (588) 359 (229) 2,624 (1,134) 1,490
Reclassification of net (gains) losses
to net income (271) 102 (169) (696) 262 (434) 77 (29) 48
Net unrealized gains (losses)
arising during the period 4,872 (1,819) 3,053 (1,284) 621 (663) 2,701 (1,163) 1,538
Derivatives and hedging activities:
Net unrealized gains arising
during the period 52 (12) 40 190 (85) 105 750 (282) 468
Reclassification of net gains on cash flow
hedges to net income (388) 147 (241) (571) 217 (354) (613) 234 (379)
Net unrealized gains (losses)
arising during the period (336) 135 (201) (381) 132 (249) 137 (48) 89
Defined benefit plans adjustments:
Net actuarial gains (losses) arising
during the period (775) 290 (485) (1,079) 411 (668) 20 (9) 11
Amortization of net actuarial loss and prior
service cost to net income 144 (54) 90 99 (38) 61 104 (45) 59
Net unrealized gains (losses)
arising during the period (631) 236 (395) (980) 373 (607) 124 (54) 70
Other comprehensive income (loss) $ 3,889 (1,442) 2,447 (2,682) 1,139 (1,543) 3,045 (1,291) 1,754
Less: Other comprehensive income (loss) from
noncontrolling interests, net of tax 4 (12) 25
Wells Fargo other comprehensive
income (loss), net of tax $ 2,443 (1,531) 1,729
Cumulative OCI balances were:
Cumulative
Foreign Derivatives Defined other
currency Securities and benefit compre-
translation available hedging plans hensive
(in millions) adjustments for sale activities adjustments income
Balance, December 31, 2009 $ 67 3,541 650 (1,249) 3,009
Net change 57 1,538 89 70 1,754
Less: Other comprehensive income (loss)
from noncontrolling interests 12 13 - - 25
Balance, December 31, 2010 112 5,066 739 (1,179) 4,738
Net change (24) (663) (249) (607) (1,543)
Less: Other comprehensive income (loss)
from noncontrolling interests (2) (10) - - (12)
Balance, December 31, 2011 90 4,413 490 (1,786) 3,207
Net change (10) 3,053 (201) (395) 2,447
Less: Other comprehensive income (loss)
from noncontrolling interests - 4 - - 4
Balance, December 31, 2012 $ 80 7,462 289 (2,181) 5,650
236