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Provisions | 12 Months Ended
--- | ---
Dec. 31, 2022
Provisions [abstract] |
Provisions | 6.3 Provisions
(CHF in millions) |  | Social charges |  | Long-service leave |  | Asset retirement obligation |  | Total
Balance at January 1, 2021 |  | 20.1 |  |  | 0.9 |  |  | — |  |  | 21.0 |
thereof current |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
thereof non-current |  | 20.1 |  |  | 0.6 |  |  | — |  |  | 20.6 |
Additions |  | 15.6 |  |  | 1.1 |  |  | 3.7 |  |  | 20.4 |
Release |  | — |  |  | (0.4) |  |  | — |  |  | (0.4) |
Utilization |  | (21.6) |  |  | — |  |  | — |  |  | (21.6) |
Balance at December 31, 2021 |  | 14.0 |  |  | 1.7 |  |  | 3.6 |  |  | 19.3 |
thereof current |  | 14.0 |  |  | 0.7 |  |  | 0.1 |  |  | 14.9 |
thereof non-current |  | — |  |  | 0.9 |  |  | 3.5 |  |  | 4.4 |
Additions |  | 1.4 |  |  | 2.7 |  |  | 0.3 |  |  | 4.4 |
Release |  | (6.8) |  |  | (0.5) |  |  | — |  |  | (7.3) |
Utilization |  | (4.4) |  |  | — |  |  | — |  |  | (4.4) |
Unwinding of discount |  | — |  |  | — |  |  | 0.1 |  |  | 0.1 |
Exchange differences |  | 0.1 |  |  | (0.1) |  |  | (0.1) |  |  | (0.1) |
Balance at December 31, 2022 |  | 4.3 |  |  | 3.8 |  |  | 4.0 |  |  | 12.1 |
thereof current |  | 4.3 |  |  | 0.5 |  |  | 0.2 |  |  | 5.0 |
thereof non-current |  | — |  |  | 3.3 |  |  | 3.8 |  |  | 7.2 |
Provisions for social charges consider any costs related to local legal requirements related to share-based compensation. In 2019, On introduced a jubilee bonus to reward long-serving employees. The provision for asset retirement obligations mainly relates to the dismantling costs for the new headquarter in Zurich and the flagship store in New York.
Accounting policies | Provisions are recognized when On has a present obligation (legal or constructive) as a result of a past event, where it is probable that an outflow of resource will be required to settle the obligation, and where a reliable estimate can be made of the amount of the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows.
Significant judgments and accounting estimates | Provisions are based upon best estimates, taking into consideration past experience and currently available information. Given that judgment has to be applied, the actual costs and results may differ from these estimates.

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