Goodwill and Other Intangibles	12 Months Ended
Goodwill and Other Intangibles	Oct. 31, 2025
Goodwill and Other Intangibles [Abstract]
Goodwill and Other Intangibles	NOTE 13: GOODWILL AND OTHER INTANGIBLES GOODWILL The recoverable amount of the Bank’s CGUs or groups of CGUs is determined from internally developed valuation models that consider various factors and assumptions such as forecasted earnings, growth rates, discount rates, and terminal growth rates. Management is required to use judgment in estimating the recoverable amount of the CGUs or groups of CGUs, and the use of different assumptions and estimates in the calculations could influence the determination of the existence of impairment and the valuation of goodwill. Management believes that the assumptions and estimates used are reasonable and supportable. Where possible, assumptions generated internally are compared to relevant market information. The carrying amounts of the Bank’s CGUs or groups of CGUs are determined by management using risk-based capital models to adjust net assets and liabilities by CGU. These models consider various factors including market risk, credit risk, and operational risk, including investment capital (comprised of goodwill and other intangibles). As at the date of the last impairment test, the amount of capital not directly attributable to the CGUs and held within the Corporate segment was approximately $ 22.9 billion (2024 – $ 11.5 billion) and primarily related to treasury assets and excess capital managed within the Corporate segment. The Bank’s capital oversight committees provide oversight to the Bank’s capital allocation methodologies. Key Assumptions The recoverable amount of each CGU or group of CGUs has been determined based on its estimated value-in-use. In assessing value-in-use, estimated future cash flows based on the Bank’s internal forecast are discounted using an appropriate pre-tax discount rate. The following were the key assumptions applied in the goodwill impairment testing: Discount Rate The pre-tax discount rates used reflect current market assessments of the risks specific to each group of CGUs and are dependent on the risk profile and capital requirements of each group of CGUs. Forecasted Earnings The earnings included in the goodwill impairment testing for each group of CGUs were based on the Bank’s internal forecast, which projects expected cash flows over the next five years, with the exception of the U.S. Personal and Commercial Banking group of CGUs where cash flow projections covering a seven year period were used, which more closely aligns with the long-term strategic growth plan for the business. Terminal Growth Rates Beyond the Bank’s internal forecast, cash flows were assumed to grow at a steady terminal growth rate. Terminal growth rates were based on the expected long- term growth of gross domestic product and inflation and ranged from 3.7 % to 4.2 % (2024 – 2.0 % to 4.1 %). In considering the sensitivity of the key assumptions discussed above, management determined that a reasonably possible change in any of the above would not result in the recoverable amount of any of the groups of CGUs to be less than their carrying amount. Goodwill by Segment (millions of Canadian dollars) Canadian Personal and Wealth Commercial U.S. Management Wholesale Banking Retail 1 and Insurance Banking Total Carrying amount of goodwill as at November 1, 2023 $ 902 $ 14,620 $ 2,122 $ 958 $ 18,602 Additions (disposals) 2 – – – 128 128 Foreign currency translation adjustments and other – 43 3 75 121 Carrying amount of goodwill as at October 31, 2024 3 $ 902 $ 14,663 $ 2,125 $ 1,161 $ 18,851 Additions (disposals) – – – – – Foreign currency translation adjustments and other 1 113 7 8 129 Carrying amount of goodwill as at October 31, 2025 3 $ 903 $ 14,776 $ 2,132 $ 1,169 $ 18,980 Pre-tax discount rates 2024 9.7 – 9.9 % 10.7 – 11.8 % 10.9 – 11.0 % 14.4 % 2025 9.9 – 10.7 11.0 – 11.8 11.0 – 11.9 13.3 1 Goodwill predominantly relates to U.S. Personal and Commercial Banking. 2 Includes adjustments to the purchase price allocation in connection with the Cowen acquisition. 3 Accumulated impairment as at October 31, 2025 and October 31, 2024 was nil . OTHER INTANGIBLES The following table presents details of other intangibles as at October 31, 2025 and October 31, 2024. Other Intangibles (millions of Canadian dollars) Credit card Internally Core deposit related generated Other Other intangibles intangibles software software intangibles Total Cost As at November 1, 2023 $ 2,712 $ 850 $ 3,103 $ 236 $ 1,556 $ 8,457 Additions – – 961 23 9 993 Disposals – – (5) (6) (6) (17) Fully amortized intangibles – – (627) (60) – (687) Foreign currency translation adjustments and other 1 8 1 (25) 2 36 22 As at October 31, 2024 $ 2,720 $ 851 $ 3,407 $ 195 $ 1,595 $ 8,768 Additions – – 1,095 70 – 1,165 Disposals – – (3) (7) 5 (5) Fully amortized intangibles (2,741) (734) (300) (46) (509) (4,330) Foreign currency translation adjustments and other 21 1 (4) 1 (9) 10 As at October 31, 2025 $ – $ 118 $ 4,195 $ 213 $ 1,082 $ 5,608 Amortization and impairment As at November 1, 2023 $ 2,712 $ 785 $ 1,127 $ 163 $ 899 $ 5,686 Disposals – – – (3) – (3) Impairment losses (reversals) – – – – – – Amortization charge for the year – 11 498 32 161 702 Fully amortized intangibles – – (627) (60) – (687) Foreign currency translation adjustments and other 1 8 – (2) 3 17 26 As at October 31, 2024 $ 2,720 $ 796 $ 996 $ 135 $ 1,077 $ 5,724 Disposals – – (7) (3) – (10) Impairment losses (reversals) – – – – – – Amortization charge for the year – 11 586 58 125 780 Fully amortized intangibles (2,741) (734) (300) (46) (509) (4,330) Foreign currency translation adjustments and other 21 1 13 1 (1) 35 As at October 31, 2025 $ – $ 74 $ 1,288 $ 145 $ 692 $ 2,199 Net Book Value: As at October 31, 2024 $ – $ 55 $ 2,411 $ 60 $ 518 $ 3,044 As at October 31, 2025 – 44 2,907 68 390 3,409 1 Includes amounts related to restructuring. Refer to Note 25 for further details.