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Consolidated statement of changes in equity - CAD ($)
$ in Millions
Total
Issue of preferred shares and limited recourse capital notes (LRCNs) [member]
Common shares [member]
Additional paid-in capital [member]
Retained earnings [member]
Retained earnings [member]
Issue of preferred shares and limited recourse capital notes (LRCNs) [member]
Retained earnings [member]
Common shares [member]
AOCI, net of income tax
AOCI, net of income tax
Net foreign currency translation adjustments [member]
AOCI, net of income tax
Net gains (losses) on cash flow hedges [member]
AOCI, net of income tax
Reserve of remeasurements of defined benefit plans [member]
AOCI, net of income tax
Reserve of change in fair value of financial liability attributable to change in credit risk of liability [member]
AOCI, net of income tax
Reserve of equity securities designated at fair value of other comprehensive income [member]
AOCI, net of income tax
Financial assets at fair value through OCI [member]
Non-controlling interests [member]
Balance at beginning of period at Oct. 31, 2023   $ 4,925 $ 16,082 $ 109 $ 30,352       $ 2,162 $ (1,026) $ 592 $ 128 $ 14 $ (407) $ 232
Net income attributable to equity shareholders $ 5,241       5,241                    
Net income attributable to non-controlling interests 31                           31
Net gains (losses) on equity securities designated at FVOCI                         (12)    
Net change in debt securities measured at FVOCI                           151  
Net change in foreign currency translation adjustments                 (126)            
Net change in cash flow hedges 1,285                 1,285          
Net change in post-employment defined benefit plans 107                   107        
Net change attributable to changes in credit risk (197)                     (197)      
Dividends and distributions           $ (191) $ (2,532)               (6)
Realized (gains) losses on equity securities designated at FVOCI reclassified to retained earnings                         18    
Issue of equity   1,000 837                        
Compensation expense arising from equity-settled share-based awards       9                      
Realized gains (losses) on equity securities designated at FVOCI reclassified from AOCI         (18)                    
Exercise of stock options and settlement of other equity-settled share-based awards       (4)                      
Treasury shares   (1)                          
Redemption of preferred shares   (975)                          
Other       14 [1] (8)                   (3)
Balance at end of period at Jul. 31, 2024 57,783 4,949 16,919 128 32,844     $ 2,689 2,036 259 699 (69) 20 (256) 254
Balance at beginning of period at Apr. 30, 2024   5,098 16,813 114 31,990       1,986 (737) 527 (128) 3 (257) 247
Net income attributable to equity shareholders 1,786       1,786                    
Net income attributable to non-controlling interests 9                           9
Net gains (losses) on equity securities designated at FVOCI                         (2)    
Net change in debt securities measured at FVOCI                           1  
Net change in foreign currency translation adjustments                 50            
Net change in cash flow hedges 996                 996          
Net change in post-employment defined benefit plans 172                   172        
Net change attributable to changes in credit risk 59                     59      
Dividends and distributions           (63) (849)               (2)
Realized (gains) losses on equity securities designated at FVOCI reclassified to retained earnings                         19    
Issue of equity   500 103                        
Compensation expense arising from equity-settled share-based awards       3                      
Realized gains (losses) on equity securities designated at FVOCI reclassified from AOCI         (19)                    
Exercise of stock options and settlement of other equity-settled share-based awards       (1)                      
Treasury shares   1 3                        
Redemption of preferred shares   (650)                          
Other       12 [1] (1)                    
Balance at end of period at Jul. 31, 2024 57,783 4,949 16,919 128 32,844     2,689 2,036 259 699 (69) 20 (256) 254
Balance at beginning of period at Oct. 31, 2024 59,007 4,946 17,011 159 33,471       2,176 509 842 (88) 16 (307) 272
Net income attributable to equity shareholders 6,255       6,255                    
Net income attributable to non-controlling interests 19                           19
Net gains (losses) on equity securities designated at FVOCI                         19    
Net change in debt securities measured at FVOCI                           233  
Net change in foreign currency translation adjustments                 (202)            
Net change in cash flow hedges 24                 24          
Net change in post-employment defined benefit plans 25                   25        
Net change attributable to changes in credit risk (12)                     (12)      
Dividends and distributions           (248) (2,728)               (7)
Premium on purchase of common shares for cancellation         (1,066)                    
Realized (gains) losses on equity securities designated at FVOCI reclassified to retained earnings                         (2)    
Issue of equity   2,320 132                        
Compensation expense arising from equity-settled share-based awards       11                      
Realized gains (losses) on equity securities designated at FVOCI reclassified from AOCI         2                    
Purchase of common shares for cancellation, Amount     (272)                        
Exercise of stock options and settlement of other equity-settled share-based awards       (9)                      
Treasury shares   3 (4)                        
Redemption of preferred shares   (600)                          
Other       14 [1] (31)                   (7)
Balance at end of period at Jul. 31, 2025 62,876 6,669 16,867 175 35,655     3,233 1,974 533 867 (100) 33 (74) 277
Balance at beginning of period at Apr. 30, 2025   5,942 16,929 156 34,984       1,894 1,078 814 67 31 (229) 280
Net income attributable to equity shareholders 2,094       2,094                    
Net income attributable to non-controlling interests 2                           2
Net gains (losses) on equity securities designated at FVOCI                         4    
Net change in debt securities measured at FVOCI                           155  
Net change in foreign currency translation adjustments                 80            
Net change in cash flow hedges (545)                 (545)          
Net change in post-employment defined benefit plans 53                   53        
Net change attributable to changes in credit risk (167)                     (167)      
Dividends and distributions           $ (82) $ (904)               (3)
Premium on purchase of common shares for cancellation         (428)                    
Realized (gains) losses on equity securities designated at FVOCI reclassified to retained earnings                         (2)    
Issue of equity   1,027 46                        
Compensation expense arising from equity-settled share-based awards       3                      
Realized gains (losses) on equity securities designated at FVOCI reclassified from AOCI         2                    
Purchase of common shares for cancellation, Amount     (100)                        
Exercise of stock options and settlement of other equity-settled share-based awards       (3)                      
Treasury shares     (8)                        
Redemption of preferred shares   (300)                          
Other       19 [1] (11)                   (2)
Balance at end of period at Jul. 31, 2025 $ 62,876 $ 6,669 $ 16,867 $ 175 $ 35,655     $ 3,233 $ 1,974 $ 533 $ 867 $ (100) $ 33 $ (74) $ 277
[1] Includes the portion of the estimated tax benefit related to employee stock options that is incremental to the amount recognized in the interim consolidated statement of income.