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Consolidated Statement of Changes in Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative effect from change in accounting policies, period of adoption adjustment [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Total Wells Fargo stockholders' equity [Member]
Preferred stock [Member]
Preferred stock [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Common stock [Member]
Common stock [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Additional paid-in capital [Member]
Additional paid-in capital [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Retained earnings [Member]
Retained earnings [Member]
Cumulative effect from change in accounting policies, period of adoption adjustment [Member]
Retained earnings [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Cumulative other comprehensive income (loss) [Member]
Cumulative other comprehensive income (loss) [Member]
Cumulative effect from change in accounting policies, period of adoption adjustment [Member]
Cumulative other comprehensive income (loss) [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Treasury stock [Member]
Treasury stock [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Unearned ESOP shares [Member]
Unearned ESOP shares [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Noncontrolling interests [Member]
Noncontrolling interests [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Balance, beginning of period at Dec. 31, 2017 $ 208,079       $ 25,358   $ 9,136   $ 60,893   $ 145,263     $ (2,144)     $ (29,892)   $ (1,678)   $ 1,143  
Balance, beginning of period (Accounting Standards Update (ASU) 2016-01; ASU 2016-04; and ASU 2014-09 [Member]) at Dec. 31, 2017   $ (24) [1] $ 208,055     $ 25,358   $ 9,136   $ 60,893   $ 94 [1] $ 145,357   $ (118) [1] $ (2,262)   $ (29,892)   $ (1,678)   $ 1,143
Beginning balance, shares at Dec. 31, 2017         11.7   4,891.6                              
Beginning balance, shares (Accounting Standards Update (ASU) 2016-01; ASU 2016-04; and ASU 2014-09 [Member]) at Dec. 31, 2017           11.7   4,891.6                            
Stockholders' Equity Period Increase (Decrease)                                            
Adoption of accounting standard [2] 0                   400     (400)                
Net income 22,876                   22,393                   483  
Other comprehensive income (loss), net of tax (3,676)     $ (3,674)                   (3,674)             (2)  
Noncontrolling interests (717)               7                       (724)  
Common stock issued 1,676               (76)   (321)           2,073          
Common stock, shares issued             41.2                              
Common stock repurchased (20,633)               0               (20,633)          
Common stock repurchased, shares             (375.5)                              
Preferred stock redeemed [3] (2,150)       $ (1,995)           (155)                      
Preferred stock redeemed, shares [3]         (2.2)                                  
Preferred stock issued to ESOP 0       $ 1,100       43                   (1,143)      
Preferred stock issued to ESOP, shares         1.1                                  
Preferred stock released by ESOP 1,249               (70)                   1,319      
Preferred stock converted to common shares 0       $ (1,249)       6               1,243          
Preferred stock converted to common shares, shares         (1.2)   24.0                              
Common stock warrants repurchased/exercised (325)               (325)                          
Preferred stock issued 0       $ 0       0                          
Preferred stock, shares issued         0.0                                  
Common stock dividends (7,889)               66   (7,955)                      
Preferred stock dividends (1,556)                   (1,556)                      
Stock incentive compensation expense 1,041               1,041                          
Net change in deferred compensation and related plans (885)               (900)               15          
Net change (10,989)       $ (2,144)   $ 0   (208)   12,806     (4,074)     (17,302)   176   (243)  
Net change, shares         (2.3)   (310.3)                              
Balance, end of period at Dec. 31, 2018 197,066       $ 23,214   $ 9,136   60,685   158,163     (6,336)     (47,194)   (1,502)   900  
Balance, end of period (Accounting Standards Update 2016-02 and Accounting Standards Update 2017-08 [Member]) at Dec. 31, 2018   (11) [4] 197,055     $ 23,214   $ 9,136   60,685   (492) [4] 157,671   $ 481 [4] (5,855)   (47,194)   (1,502)   900
Ending balance, shares at Dec. 31, 2018         9.4   4,581.3                              
Ending balance, shares (Accounting Standards Update 2016-02 and Accounting Standards Update 2017-08 [Member]) at Dec. 31, 2018           9.4   4,581.3                            
Stockholders' Equity Period Increase (Decrease)                                            
Net income 20,041                   19,549                   492  
Other comprehensive income (loss), net of tax 4,544     4,544                   4,544             0  
Noncontrolling interests (554)               0                       (554)  
Common stock issued 2,157               9   (382)           2,530          
Common stock, shares issued             48.7                              
Common stock repurchased (24,533)               0               (24,533)          
Common stock repurchased, shares             (502.4)                              
Preferred stock redeemed [5] (1,550)       $ (1,330)           (220)                      
Preferred stock redeemed, shares [5]         (1.6)                                  
Preferred stock issued to ESOP 0       $ 0       0                   0      
Preferred stock issued to ESOP, shares         0.0                                  
Preferred stock released by ESOP 335               (24)                   359      
Preferred stock converted to common shares 0       $ (335)       (16)               351          
Preferred stock converted to common shares, shares         (0.3)   6.8                              
Common stock warrants repurchased/exercised 0               0                          
Preferred stock issued 0       $ 0       0                          
Preferred stock, shares issued         0.0                                  
Common stock dividends (8,444)               86   (8,530)                      
Preferred stock dividends (1,391)                   (1,391)                      
Stock incentive compensation expense 1,234               1,234                          
Net change in deferred compensation and related plans (910)               (925)               15          
Net change (9,071)       $ (1,665)   $ 0   364   9,026     4,544     (21,637)   359   (62)  
Net change, shares         (1.9)   (446.9)                              
Balance, end of period at Dec. 31, 2019 187,984       $ 21,549   $ 9,136   61,049   166,697     (1,311)     (68,831)   (1,143)   838  
Balance, end of period (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2019   $ 991 [6] $ 188,975     $ 21,549   $ 9,136   $ 61,049   $ 991 [6] $ 167,688     $ (1,311)   $ (68,831)   $ (1,143)   $ 838
Ending balance, shares at Dec. 31, 2019         7.5   4,134.4                              
Ending balance, shares (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2019           7.5   4,134.4                            
Stockholders' Equity Period Increase (Decrease)                                            
Net income 3,586                   3,301                   285  
Other comprehensive income (loss), net of tax 1,506     $ 1,505                   1,505             1  
Noncontrolling interests (91)                                       (91)  
Common stock issued 2,719               207   (1,449)           3,961          
Common stock, shares issued             75.6                              
Common stock repurchased (3,415)                               (3,415)          
Common stock repurchased, shares             (75.7)                              
Preferred stock redeemed [7] (3,602)       $ (3,347)       46   (301)                      
Preferred stock redeemed, shares [7]         (1.9)                                  
Preferred stock issued to ESOP 0               0                   0      
Preferred stock released by ESOP 249               (19)                   268      
Preferred stock converted to common shares 0       $ (249)       (243)               492          
Preferred stock converted to common shares, shares         (0.2)   9.7                              
Common stock warrants repurchased/exercised 0                                          
Preferred stock issued 3,116       $ 3,183       (67)                          
Preferred stock, shares issued         0.1                                  
Common stock dividends (5,015)               44   (5,059)                      
Preferred stock dividends (1,290)                   (1,290)                      
Stock incentive compensation expense 643               643                          
Net change in deferred compensation and related plans (1,461)               (1,463)               2          
Net change (3,055)       $ (413)   $ 0   (852)   (4,798)     1,505     1,040   268   195  
Net change, shares         (2.0)   9.6                              
Balance, end of period at Dec. 31, 2020 $ 185,920       $ 21,136   $ 9,136   $ 60,197   $ 162,890     $ 194     $ (67,791)   $ (875)   $ 1,033  
Ending balance, shares at Dec. 31, 2020         5.5   4,144.0                              
[1] Effective January 1, 2018, we adopted Accounting Standards Update (ASU) 2016-04 – Liabilities – Extinguishments of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products, ASU 2016-01 – Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, and ASU 2014-09 – Revenue from Contracts With Customers (Topic 606) and subsequent related Updates.
[2] Represents the reclassification from other comprehensive income to retained earnings as a result of our adoption of ASU 2018-02 – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, in third quarter 2018.
[3] Represents the impact of the redemption of preferred stock, Series J, in third quarter 2018.
[4] Effective January 1, 2019, we adopted ASU 2016-02 – Leases (Topic 842) and subsequent related Updates, ASU 2017-08 – Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.
[5] Represents the impact of the partial redemption of preferred stock, Series K, in third quarter 2019.
[6] We adopted CECL effective January 1, 2020. For additional information, see Note 1 (Summary of Significant Accounting Policies) for more information.
[7] Represents the impact of the redemption of the remaining preferred stock, Series K, in first quarter 2020, and Series T and Series V in fourth quarter 2020.