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Oniverse
 12 Months Ended
Dec. 31, 2024
Disclosure of subsidiaries [abstract]  
Oniverse
1.3 Oniverse

Equity interest
EntityDomicile12/31/202412/31/2023
On Holding AGZurich, CH
On AGZurich, CH100%100%
On Brazil Ltda.Sao Paulo, BR100%100%
On Cloud Service GmbHBerlin, DE100%100%
On Clouds GmbHZurich, CH100%100%
On Clouds Inc. Dover, DE, USA100%100%
On Europe AGZurich, CH100%100%
On Experience 1-12, LLC(1)
Delaware, USA(1)
100%100%
On Hong Kong LimitedHong Kong, SAR of CN100%100%
On Inc.Portland, OR, USA100%100%
On Italy S.r.l.Milan, IT100%100%
On Japan K.K.Yokohama, JP100%100%
On Korea Ltd.Seoul, Korea100%100%
On Oceania Pty Ltd.Melbourne, AU100%100%
On Running Canada Inc.Vancouver, CA100%100%
On Running Sports Products (Shanghai) Company Ltd.Shanghai, CN100%100%
On Running UK Ltd.London, UK100%100%
On Services UK Ltd.
London, UK100%0%
On Vietnam Co. Ltd.Ho Chi Minh City, VN100%100%
Brunner Mettler GmbHZurich, CH100%100%
(1) On Experience 1-12, LLC consists of twelve entities (retail stores). They are all 100% owned as of December 31, 2024 and are all 100%
owned as of December 31, 2023, excluding On Experience 9-12, LLC entities, which were —% owned as of December 31, 2024 (entities did
not exist as of December 31, 2023).

Accounting policies
“Oniverse” represents the legal group structure of the On. Entities are fully consolidated from the date on which control is transferred to On Holding AG, the parent company of the group. Control is achieved when On is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.

For the consolidated entities, all assets, liabilities, income, and expenses are included in the financial statements. All intercompany balances and transactions (including unrealized profits on inventories) are fully eliminated in the process of consolidation.