XML 35 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statement of Changes in Equity - USD ($)
shares in Millions, $ in Millions
Total
Previously reported [Member]
Revision of prior period, accounting standards update, adjustment [Member]
[1]
Cumulative effect from change in accounting policies, period of adoption adjustment [Member]
[4]
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]
Previously reported [Member]
Preferred stock [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Common stock [Member]
Common stock [Member]
Previously reported [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]
Previously reported [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]
Previously reported [Member]
Retained earnings [Member]
Revision of prior period, accounting standards update, adjustment [Member]
[1]
Retained earnings [Member]
Cumulative effect from change in accounting policies, period of adoption adjustment [Member]
[4]
Retained earnings [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Accumulative other comprehensive income (loss) [Member]
Accumulative other comprehensive income (loss) [Member]
Previously reported [Member]
Accumulative other comprehensive income (loss) [Member]
Revision of prior period, accounting standards update, adjustment [Member]
[1]
Accumulative other comprehensive income (loss) [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Treasury stock [Member]
Treasury stock [Member]
Previously reported [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]
Previously reported [Member]
Unearned ESOP shares [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Noncontrolling interests [Member]
Noncontrolling interests [Member]
Previously reported [Member]
Noncontrolling interests [Member]
Cumulative effect from change in accounting policies, period of adoption adjusted balance [Member]
Balance, beginning of period at Dec. 31, 2020 $ 184,994           $ 21,136     $ 9,136     $ 60,197     $ 161,945         $ 214       $ (67,791)     $ (875)     $ 1,032    
Balance, beginning of period (Accounting Standards Update 2018-12 Retrospective [Member]) at Dec. 31, 2020   $ 185,712 $ (718)         $ 21,136     $ 9,136     $ 60,197     $ 162,683 $ (738)       $ 194 $ 20     $ (67,791)     $ (875)     $ 1,032  
Balance, beginning of period, shares at Dec. 31, 2020             5.5     4,144.0                                              
Balance, beginning of period, shares (Accounting Standards Update 2018-12 Retrospective [Member]) at Dec. 31, 2020               5.5     4,144.0                                            
Stockholders' Equity Period Increase (Decrease)                                                                  
Net income (loss) [1] 23,799                             22,109                             1,690    
Other comprehensive income (loss), net of tax (1,960) [1]         $ (1,960)                             (1,960) [1]                   0 [1]    
Noncontrolling Interests (219)                                                           (219)    
Common stock issued 2,096                       (7)     (162)                 2,265                
Common stock issued, shares                   43.8                                              
Common stock repurchased (14,464)                                               (14,464)                
Common stock repurchased, shares                   (306.4)                                              
Preferred stock issued 5,756           $ 5,810           (54)                                        
Preferred stock issued, shares             0.2                                                    
Preferred stock redeemed [2] (6,676)           $ (6,676)           86     (86)                       0          
Preferred stock redeemed, shares [2]             (0.2)                                                    
Preferred stock issued to ESOP 0           $ 0           0                       0     0          
Preferred stock issued to ESOP, shares             0.0     0.0                                              
Preferred stock released by ESOP 213                       (16)                             229          
Preferred stock converted to common shares 0           $ (213)           (8)                       221                
Preferred stock converted to common shares, shares             (0.2)     4.4                                              
Common stock dividends (2,426)                       29     (2,455)                                  
Preferred stock dividends (1,205)                             (1,205)                                  
Share-based compensation 1,043                       1,043                                        
Net change in deferred compensation and related plans (1,062)                       (1,074)                       12                
Net change 4,895           $ (1,079)     $ 0     (1)     18,201         (1,960)       (11,966)     229     1,471    
Net change, shares             (0.2)     (258.2)                                              
Balance, end of period at Dec. 31, 2021 189,889           $ 20,057     $ 9,136     60,196     180,146         (1,746)       (79,757)     (646)     2,503    
Balance, end of period, shares at Dec. 31, 2021             5.3     3,885.8                                              
Stockholders' Equity Period Increase (Decrease)                                                                  
Net income (loss) [1] 13,378                             13,677                             (299)    
Other comprehensive income (loss), net of tax (11,614) [1]         (11,616)                             (11,616) [1]                   2 [1]    
Noncontrolling Interests (220)                                                           (220)    
Common stock issued 1,813                       129     (497)                 2,181                
Common stock issued, shares                   43.5                                              
Common stock repurchased (6,033)                                               (6,033)                
Common stock repurchased, shares                   (110.4)                                              
Preferred stock issued 0           $ 0           0                                        
Preferred stock issued, shares             0.0                                                    
Preferred stock redeemed [3] 0           $ (609)           (37)     0                       646          
Preferred stock redeemed, shares [3]             (0.6)                                                    
Common stock issued to ESOP [3] 0           $ 0           (129)                       747     (618)          
Common stock issued to ESOP, shares [3]             0.0     14.9                                              
Common stock released by ESOP 188                       (1)                             189          
Preferred stock converted to common shares 0           $ 0           0                       0                
Preferred stock converted to common shares, shares             0.0     0.0                                              
Common stock dividends (4,184)                       59     (4,243)                                  
Preferred stock dividends (1,115)                             (1,115)                                  
Share-based compensation 1,002                       1,002                                        
Net change in deferred compensation and related plans (891)                       (900)                       9                
Net change (7,676)           $ (609)     $ 0     123     7,822         (11,616)       (3,096)     217     (517)    
Net change, shares             (0.6)     (52.0)                                              
Balance, end of period at Dec. 31, 2022 182,213           $ 19,448     $ 9,136     60,319     187,968         (13,362)       (82,853)     (429)     1,986    
Balance, end of period (Accounting Standards Update 2022-02 [Member]) at Dec. 31, 2022       $ 323 $ 182,536       $ 19,448     $ 9,136     $ 60,319       $ 323 $ 188,291       $ (13,362)     $ (82,853)     $ (429)     $ 1,986
Balance, end of period, shares at Dec. 31, 2022             4.7     3,833.8                                              
Balance, end of period, shares (Accounting Standards Update 2022-02 [Member]) at Dec. 31, 2022                 4.7     3,833.8                                          
Stockholders' Equity Period Increase (Decrease)                                                                  
Net income (loss) 19,029                             19,142                             (113)    
Other comprehensive income (loss), net of tax 1,784         $ 1,782                             1,782                   2    
Noncontrolling Interests (167)                                                           (167)    
Common stock issued 1,634                       0     (258)                 1,892                
Common stock issued, shares                   37.2                                              
Common stock repurchased (11,954)                                               (11,954)                
Common stock repurchased, shares                   (272.1)                                              
Preferred stock issued 1,722           $ 1,725           (3)                                        
Preferred stock issued, shares             0.1                                                    
Preferred stock redeemed [5] (1,725)           $ (1,725)           19     (19)                       0          
Preferred stock redeemed, shares [5]             (0.1)                                                    
Common stock issued to ESOP 0           $ 0           0                       0     0          
Common stock issued to ESOP, shares             0.0     0.0                                              
Common stock released by ESOP [6] 430                       1                             429          
Preferred stock converted to common shares 0           $ 0           0                       0                
Preferred stock converted to common shares, shares             0.0     0.0                                              
Common stock dividends (4,796)                       83     (4,879)                                  
Preferred stock dividends (1,141)                             (1,141)                                  
Share-based compensation 1,122                       1,122                                        
Net change in deferred compensation and related plans (1,031)                       (986)                       (45)                
Net change 4,907           $ 0     $ 0     236     12,845         1,782       (10,107)     $ 429     (278)    
Net change, shares             0.0     (234.9)                                              
Balance, end of period at Dec. 31, 2023 $ 187,443           $ 19,448     $ 9,136     $ 60,555     $ 201,136         $ (11,580)       $ (92,960)           $ 1,708    
Balance, end of period, shares at Dec. 31, 2023             4.7     3,598.9                                              
[1] In first quarter 2023, we adopted ASU 2018-12 – Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[2] Represents the impact of the redemption of Preferred Stock, Series I, Series P and Series W, in first quarter 2021; Preferred Stock, Series N, in second quarter 2021; and Preferred Stock, Series O and Series X, in third quarter 2021.
[3] In fourth quarter 2022, we redeemed all outstanding shares of our ESOP Preferred Stock in exchange for shares of the Company’s common stock.
[4] Effective January 1, 2023, we adopted ASU 2022-02 – Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. For additional information, see Note 1 (Summary of Significant Accounting Policies).
[5] Represents the impact of the redemption of Preferred Stock, Series Q, in third quarter 2023.
[6] For additional information, see the “Employee Stock Ownership Plan” section of Note 12 (Common Stock and Stock Plans).