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Income taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Taxes [Abstract] |
Disclosure of Major Components of Income Tax Expense |
(CHF in millions) |  | 2022 |  | 2021 |  | 2020 |
Current income taxes |  | 38.7 |  |  | 7.1 |  |  | 4.1 |  |
Deferred income taxes |  | (18.6) |  |  | 3.6 |  |  | (1.0) |  |
Income taxes |  | 20.2 |  |  | 10.6 |  |  | 3.1 |  |
Disclosure of Tax Rate Reconciliation | The income taxes reflected in the financial statements and the amount calculated at the expected tax rate (starting with On Holding AG's statutory corporate income tax rate) reconcile as follows:
(CHF in millions) |  |  |  | 2022 |  |  |  | 2021 |  |  |  | 2020 |  |
Income / (loss) before taxes |  |  |  | 77.9 |  |  |  | (159.6) |  |  |  |  | (24.4) |  |  |
Expected tax rate / tax expense |  | 19.7 | % |  | 15.3 |  | 19.7 | % |  | (31.4) |  |  | 19.7 | % |  | (4.8) |  |  |
Income and expenses not subject to tax, net |  | (9.5) | % |  | (7.4) |  | (0.2) | % |  | 0.3 |  |  | 0.7 | % |  | (0.2) |  |  |
Effects of (de-)recognition of tax losses |  | 2.9 | % |  | 2.2 |  | (0.4) | % |  | 0.6 |  |  | — | % |  | — |  |  |
Local actual tax rate different to On’s expected average tax rate |  | 1.9 | % |  | 1.5 |  | (0.6) | % |  | 1.0 |  |  | (3.1) | % |  | 0.8 |  |  |
Deferred taxes due to changes in tax rate |  | — | % |  | — |  | — | % |  | — |  |  | — | % |  | — |  |  |
Non-deductible expenses |  | 9.2 | % |  | 7.2 |  | (25.4) | % |  | 40.6 |  |  | (30.5) | % |  | 7.4 |  |  |
Prior year adjustments and other items, net |  | 1.6 | % |  | 1.3 |  | 0.2 | % |  | (0.3) |  |  | 0.6 | % |  | (0.1) |  |  |
Effective tax rate / tax benefit |  | 25.9 | % |  | 20.2 |  | (6.7) | % |  | 10.6 |  |  | (12.6) | % |  | 3.1 |  |  |
Disclosure of Deferred Tax Assets and Liabilities | Change of net deferred tax assets and liabilities:
(CHF in millions) |  | 2022 |  | 2021 |
Net amount at January 1 |  | (3.4) |  |  | 0.3 |  |
thereof deferred tax assets |  | 2.2 |  |  | 5.9 |  |
thereof deferred tax liabilities |  | (5.6) |  |  | (5.7) |  |
Taxes charged |  |  |  |  |
to income statement |  | 18.6 |  |  | (3.6) |  |
to other comprehensive income |  | (0.9) |  |  | (0.2) |  |
Exchange differences |  | (0.4) |  |  | 0.1 |  |
Net amount at December 31 |  | 13.9 |  |  | (3.4) |  |
thereof deferred tax assets |  | 31.7 |  |  | 2.2 |  |
thereof deferred tax liabilities |  | (17.9) |  |  | (5.6) |  |
Deferred tax assets and liabilities relate to the following items:
|  |  |  |  |  | 12/31/22 |  |  |  |  |  | 12/31/21 |  |  |  |  |  |
(CHF in millions) |  | Assets |  | Liabilities |  | Net amount |  | Assets |  | Liabilities |  | Net amount |  |  |  |  |  |
Trade receivables |  | — |  |  | (1.0) |  |  | (1.0) |  |  | 0.1 |  |  | (1.0) |  |  | (0.9) |  |  |  |  |  |  |
Inventories |  | 23.4 |  |  | (15.4) |  |  | 7.9 |  |  | 0.6 |  |  | (3.9) |  |  | (3.3) |  |  |  |  |  |  |
Other current assets |  | 0.7 |  |  | — |  |  | 0.7 |  |  | 0.7 |  |  | — |  |  | 0.7 |  |  |  |  |  |  |
Property, plant and equipment |  | — |  |  | (0.1) |  |  | (0.1) |  |  | — |  |  | (0.1) |  |  | (0.1) |  |  |  |  |  |  |
Right-of-use assets |  | — |  |  | (6.4) |  |  | (6.4) |  |  | — |  |  | (3.8) |  |  | (3.8) |  |  |  |  |  |  |
Intangible assets |  | — |  |  | (3.3) |  |  | (3.3) |  |  | — |  |  | (3.1) |  |  | (3.1) |  |  |  |  |  |  |
Other current financial liabilities |  | 1.1 |  |  | — |  |  | 1.1 |  |  | 0.8 |  |  | — |  |  | 0.8 |  |  |  |  |  |  |
Other current operating liabilities |  | 7.1 |  |  | (0.8) |  |  | 6.3 |  |  | — |  |  | (0.9) |  |  | (0.9) |  |  |  |  |  |  |
Current provisions |  | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  |  |  |  |  |
Employee benefit obligations |  | 1.2 |  |  | — |  |  | 1.2 |  |  | 1.2 |  |  | — |  |  | 1.2 |  |  |  |  |  |  |
Non-current provisions |  | 0.4 |  |  | — |  |  | 0.4 |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  |  |  |  |  |
Other non-current financial liabilities |  | 5.6 |  |  | — |  |  | 5.6 |  |  | 3.1 |  |  | — |  |  | 3.1 |  |  |  |  |  |  |
Tax loss carryforwards |  | 1.2 |  |  | — |  |  | 1.2 |  |  | 2.6 |  |  | — |  |  | 2.6 |  |  |  |  |  |  |
Deferred tax assets (liabilities) |  | 40.9 |  |  | (27.0) |  |  | 13.9 |  |  | 9.3 |  |  | (12.7) |  |  | (3.4) |  |  |  |  |  |  |
Offsetting |  | (9.1) |  |  | 9.1 |  |  |  |  | (7.1) |  |  | 7.1 |  |  |  |  |  |  |  |  |
Deferred tax assets (liabilities) on balance sheet |  | 31.7 |  |  | (17.9) |  |  | 13.9 |  |  | 2.2 |  |  | (5.6) |  |  | (3.4) |  |  |  |  |  |  |

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