v3.26.1
Employee Benefits
 9 Months Ended
Jul. 31, 2026
Text Block [Abstract]  
Employee Benefits
13.
Employee benefits
Employee benefits include pensions, other post-retirement benefits, and post-employment benefits. The following table summarizes the expenses for the Bank’s principal plans
(1)
.
 
  
  
For the three months ended
 
  
  
Pension plans
 
  
Other benefit plans
 
($ millions)
  
July 31
2026
 
  
April 30
2026
 
  
July 31
2025
 
  
July 31
2026
 
  
April 30
2026
 
  
July 31
2025
 
Defined benefit service cost
   
$
60
 
    $ 60      $ 70     
$
4
 
    $ 5      $ (57 )
(2)
 
Interest on net defined benefit (asset) liability
   
 
(6
)
      (6 )       (2 )    
 
16
 
      16        16  
Other
   
 
3
 
      3        3     
 
(5
)
      (1 )       1  
Defined benefit expense
   
$
57
 
    $ 57      $ 71     
$
15
 
    $ 20      $ (40 ) 
Defined contribution expense
   
$
58
 
    $ 58      $ 52     
$
–
 
    $ –      $ –  
Actuarial gains (losses) on employee benefit plans in other comprehensive income
(3)
   
$
  372
 
    $  65      $  267     
$
   71
 
    $  (1 )     $   3  
 
      For the nine months ended  
      Pension plans      Other benefit plans  
($ millions)
   
July 31
2026
      July 31
2025		     
July 31
2026
      July 31
2025		  
Defined benefit service cost
   
$
180
 
    $ 214     
$
14
 
    $ (45 )
(2)
 
Interest on net defined benefit (asset) liability
   
 
(18
)
      (9 )    
 
48
 
      46  
Other
   
 
9
 
      9     
 
(6
)
      1  
Defined benefit expense
   
$
171
 
    $ 214     
$
56
 
    $ 2  
Defined contribution expense
   
$
172
 
    $ 154     
$
–
 
    $ 1  
Actuarial gains (losses) on employee benefit plans in other comprehensive income
(3)
   
$
  712
 
    $  294     
$
   63
 
    $  (19 ) 
(1)
Other plans operated by certain subsidiaries of the Bank are not considered material and are not included in this note.
 
(2)
Includes benefit related to certain post-retirement plan amendments.
 
 (3)
Changes in discount rates and return on plan assets are reviewed and updated on a quarterly basis. In the absence of legislated changes, all other assumptions are updated annually.