Table 21.1 provides the components of other comprehensive income (OCI), reclassifications to net income by income statement line item, and the related tax effects.

Table 21.1: Summary of Other Comprehensive Income


	Quarter ended September 30,								Nine months ended September 30,
	2022					2021			2022			2021
(in millions)	Before tax		Tax effect	Net of tax		Before tax	Tax effect	Net of tax	Before tax	Tax effect	Net of tax	Before tax	Tax effect	Net of tax
Debt securities:
Net unrealized gains (losses) arising during the period	$	(3,373)	829	(2,544)		(447)	112	(335)	(15,067)	3,709	(11,358)	(2,187)	544	(1,643)
Reclassification of net (gains) losses to net income	180		(44)	136		(175)	42	(133)	242	(60)	182	(57)	11	(46)
Net change	(3,193)		785	(2,408)		(622)	154	(468)	(14,825)	3,649	(11,176)	(2,244)	555	(1,689)
Derivatives and hedging activities:
Fair Value Hedges:
Change in fair value of excluded components on fair value hedges (1)	30		(7)	23		29	(6)	23	140	(34)	106	40	(9)	31
Cash Flow Hedges:
Net unrealized gains (losses) arising during the period on cash flow hedges	(1,482)		366	(1,116)		(7)	1	(6)	(1,647)	407	(1,240)	(27)	6	(21)
Reclassification of net (gains) losses to net income	(24)		6	(18)		28	(7)	21	(53)	13	(40)	121	(30)	91
Net change	(1,476)		365	(1,111)		50	(12)	38	(1,560)	386	(1,174)	134	(33)	101
Defined benefit plans adjustments:
Net actuarial and prior service gains (losses) arising during the period	(143)		36	(107)		(224)	55	(169)	(244)	61	(183)	133	(33)	100
Reclassification of amounts to noninterest expense (2)	77		(19)	58		63	(15)	48	243	(59)	184	194	(46)	148
Net change	(66)		17	(49)		(161)	40	(121)	(1)	2	1	327	(79)	248
Debit valuation adjustments (DVA):
Net unrealized gains (losses) arising during the period	10		(2)	8		—	—	—	16	(4)	12	—	—	—
Reclassification of net (gains) losses to net income	—		—	—		—	—	—	—	—	—	—	—	—
Net change	10		(2)	8		—	—	—	16	(4)	12	—	—	—
Foreign currency translation adjustments:
Net unrealized gains (losses) arising during the period	(174)		—	(174)		(66)	2	(64)	(301)	(2)	(303)	(30)	(1)	(31)
Reclassification of net (gains) losses to net income	—		—	—		—	—	—	—	—	—	—	—	—
Net change	(174)		—	(174)		(66)	2	(64)	(301)	(2)	(303)	(30)	(1)	(31)
Other comprehensive income (loss)	$	(4,899)	1,165	(3,734)		(799)	184	(615)	(16,671)	4,031	(12,640)	(1,813)	442	(1,371)
Less: Other comprehensive income (loss) from noncontrolling interests, net of tax				2				(2)			2			—
Wells Fargo other comprehensive loss, net of tax				$	(3,736)			(613)			(12,642)			(1,371)

(1)Represents changes in fair value of cross-currency swaps attributable to changes in cross-currency basis spreads, which are excluded from the assessment of hedge effectiveness and recorded in other comprehensive income.

(2)These items are included in the computation of net periodic benefit cost (see Note 18 (Employee Benefits and Expenses) for additional information).

Table 21.2 provides the accumulated OCI (AOCI) balance activity on an after-tax basis.

Table 21.2: Accumulated OCI Balances


(in millions)	Debt securities		Fair value hedges (1)	Cash flow hedges (2)	Defined benefit plans adjustments	Debit valuation adjustments (DVA)	Foreign currency translation adjustments	Accumulated other comprehensive income (loss)
Quarter ended September 30, 2022


Balance, beginning of period	$	(8,103)	(60)	(173)	(2,005)	4	(271)	(10,608)
Net unrealized gains (losses) arising during the period	(2,544)		23	(1,116)	(107)	8	(174)	(3,910)
Amounts reclassified from accumulated other comprehensive income	136		—	(18)	58	—	—	176
Net change	(2,408)		23	(1,134)	(49)	8	(174)	(3,734)
Less: Other comprehensive income from noncontrolling interests	—		—	—	—	—	2	2
Balance, end of period (3)	$	(10,511)	(37)	(1,307)	(2,054)	12	(447)	(14,344)
Quarter ended September 30, 2021


Balance, beginning of period	$	1,817	(196)	(70)	(2,035)	—	(80)	(564)
Net unrealized gains (losses) arising during the period	(335)		23	(6)	(169)	—	(64)	(551)
Amounts reclassified from accumulated other comprehensive income	(133)		—	21	48	—	—	(64)
Net change	(468)		23	15	(121)	—	(64)	(615)
Less: Other comprehensive loss from noncontrolling interests	(1)		—	—	—	—	(1)	(2)
Balance, end of period (3)	$	1,350	(173)	(55)	(2,156)	—	(143)	(1,177)
Nine months ended September 30, 2022


Balance, beginning of period	$	665	(143)	(27)	(2,055)	—	(142)	(1,702)
Net unrealized gains (losses) arising during the period	(11,358)		106	(1,240)	(183)	12	(303)	(12,966)
Amounts reclassified from accumulated other comprehensive income	182		—	(40)	184	—	—	326
Net change	(11,176)		106	(1,280)	1	12	(303)	(12,640)
Less: Other comprehensive income from noncontrolling interests	—		—	—	—	—	2	2
Balance, end of period (3)	$	(10,511)	(37)	(1,307)	(2,054)	12	(447)	(14,344)
Nine months ended September 30, 2021


Balance, beginning of period	$	3,039	(204)	(125)	(2,404)	—	(112)	194
Net unrealized gains (losses) arising during the period	(1,643)		31	(21)	100	—	(31)	(1,564)
Amounts reclassified from accumulated other comprehensive income	(46)		—	91	148	—	—	193
Net change	(1,689)		31	70	248	—	(31)	(1,371)
Less: Other comprehensive income from noncontrolling interests	—		—	—	—	—	—	—
Balance, end of period (3)	$	1,350	(173)	(55)	(2,156)	—	(143)	(1,177)

(1)Substantially all of the amounts for fair value hedges are foreign exchange contracts.

(2)Substantially all of the amounts for cash flow hedges are interest rate contracts.

(3)AOCI related to debt securities includes after-tax unrealized gains or losses associated with the transfer of securities from AFS to HTM of $3.6 billion and $817 million at September 30, 2022, and September 30, 2021, respectively. These amounts are subsequently amortized from AOCI into earnings over the same period as the related unamortized premiums and discounts.