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Employee benefit obligations (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of defined benefit plans [abstract] |
Defined Benefit Plans | The result of the Swiss defined benefit plans is summarized in the tables below: Employee benefit obligations
(CHF in millions) |  | 12/31/2022 |  | 12/31/2021 |
Present value of defined benefit obligation |  | (23.7) |  |  | (22.8) |  |
Fair value of plan assets |  | 17.4 |  |  | 17.0 |  |
Employee benefit obligations |  | (6.3) |  |  | (5.9) |  |
(CHF in millions) |  | 2022 |  | 2021 |
Present value of defined benefit obligation at January 1 |  | 22.8 |  |  | 16.8 |  |
Current service cost |  | 3.4 |  |  | 2.6 |  |
Contributions by the employees |  | 2.2 |  |  | 1.5 |  |
Interest expenses |  | 0.1 |  |  | — |  |
Past service cost |  | (0.3) |  |  | — |  |
Benefits paid |  | 0.9 |  |  | 2.1 |  |
Actuarial losses/(gains) from |  |  |  |  |
changes in demographic assumptions |  | — |  |  | (1.8) |  |
changes in financial assumptions |  | (6.8) |  |  | (0.6) |  |
changes in experience adjustments |  | 1.3 |  |  | 2.3 |  |
Present value of defined benefit obligation at December 31 |  | 23.7 |  |  | 22.8 |  |
|  | 12/31/2022 |  | 12/31/2021 |
Discount rate |  | 2.2 | % |  | 0.4 | % |
Expected rate of salary increase |  | 1.5 | % |  | 1.5 | % |
Expected rate of pension increase |  | 0.0 | % |  | 0.0 | % |
Demographic assumptions |  | BVG 2020 generation table |  | BVG 2020 generation table |
Net Defined Benefit Obligation | Employee benefit obligations reconciles as follows:
(CHF in millions) |  | 2022 |  | 2021 |
Employee benefit obligations at January 1 |  | (5.9) |  |  | (5.6) |  |
Amounts recognized in income statement |  | (3.1) |  |  | (2.6) |  |
Amounts recognized in other comprehensive income |  | 4.4 |  |  | 0.9 |  |
Contributions by the employer |  | (1.8) |  |  | 1.5 |  |
Employee benefit obligations at December 31 |  | (6.3) |  |  | (5.9) |  |
Defined Benefit Plan Expense Recognized in Profit or Loss | Amounts recognized in income statement
(CHF in millions) |  | 2022 |  | 2021 |  | 2020
Current service cost |  | (3.4) |  |  | (2.6) |  |  | (1.6) |
Past service cost |  | 0.3 |  |  | — |  |  | — |
Employee benefit expenses |  | (3.1) |  |  | (2.6) |  |  | (1.6) |
Defined Benefit Plan Expense Recognized in Other Comprehensive Income | Remeasurements recognized in equity (other comprehensive income)
(CHF in millions) |  | 2022 |  | 2021 |  | 2020
Actuarial losses/(gains) from |  |  |  |  |  |
changes in demographic assumptions |  | — |  |  | (1.8) |  |  | — |
changes in financial assumptions |  | (6.8) |  |  | (0.6) |  |  | (0.2) |
changes in experience adjustments |  | 1.3 |  |  | 2.3 |  |  | 1.8 |
Return on plan assets excl. interest income |  | 1.1 |  |  | (0.8) |  |  | 0.1 |
Net actuarial result from defined benefit plans |  | (4.4) |  |  | (0.9) |  |  | 1.6 |
Fair Value of Plan Assets | Plan assets
(CHF in millions) |  | 2022 |  | 2021 |
Fair value of plan assets at January 1 |  | 17.0 |  |  | 11.1 |  |
Contributions by the employer |  | (1.8) |  |  | 1.5 |  |
Contributions by the employees |  | 2.2 |  |  | 1.5 |  |
Interest income |  | 0.1 |  |  | — |  |
Benefits paid |  | 0.9 |  |  | 2.1 |  |
Return on plan assets excl. interest income |  | (1.1) |  |  | 0.8 |  |
Fair value of plan assets at December 31 |  | 17.4 |  |  | 17.0 |  |
The plan assets consist of (all with quoted market prices):
|  | 12/31/2022 |  | 12/31/2021 |
Cash and equivalent |  | 0.9 | % |  | 2.5 | % |
Debt instruments |  | 28.0 | % |  | 24.9 | % |
Equity instruments |  | 30.8 | % |  | 32.9 | % |
Real estate |  | 22.8 | % |  | 19.6 | % |
Mortgages |  | — | % |  | 4.7 | % |
Alternative assets |  | 17.5 | % |  | 15.4 | % |
Total |  | 100.0 | % |  | 100.0 | % |
Sensitivity Analysis for Actuarial Assumptions |
(CHF in millions) |  | 12/31/2022 |  | 12/31/2021 |
Discount rate |  |  |  |  |
-0.5% |  | 1.6 |  |  | 2.3 |  |
+0.5% |  | (1.4) |  |  | (1.9) |  |
Expected rate of salary increase |  |  |  |  |
-0.5% |  | (0.4) |  |  | (0.5) |  |
+0.5% |  | 0.4 |  |  | 0.5 |  |
Life expectancy |  |  |  |  |
-1 year |  | (0.2) |  |  | (0.3) |  |
+1 year |  | 0.2 |  |  | 0.3 |  |

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- Definition The disclosure of a sensitivity analysis for significant actuarial assumptions used to determine the present value of a defined benefit obligation. [Refer: Actuarial assumptions [member]; Defined benefit obligation, at present value] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 19 -IssueDate 2022-03-24 -Paragraph 145 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=19&code=ifrs-tx-2022-en-r&anchor=para_145&doctype=Standard -URIDate 2022-03-24 + Details
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