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Restructuring expenses (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Costs [Table Text Block]

Restructuring expenses by type

in		2Q22		1Q22		2Q21		6M22		6M21
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses		65		42		2		107		13
of which severance expenses		15		13		(1)		28		6
of which deferred compensation		46		25		3		71		7
General and administrative-related expenses		15		4		43		19		57
of which pension expenses		4		0		(4)		4		(11)
Total restructuring expenses		80		46		45		126		70

Restructuring Provisions [Table Text Block]

Restructuring liabilities

		2Q22						1Q22						2Q21
in		Compen- sation and benefits		General and administrative expenses		Total		Compen- sation and benefits		General and administrative expenses		Total		Compen- sation and benefits		General and administrative expenses		Total
Restructuring liabilities (CHF million)
Balance at beginning of period		25		0		25		19		0		19		39		3		42
Net additional charges 1		15		10		25		13		4		17		(1)		26		25
Utilization		(10)		(10)		(20)		(7)		(4)		(11)		(16)		(26)		(42)
Balance at end of period		30		0		30		25		0		25		22		3		25
1 The following items for which expense accretion was accelerated in 2Q22, 1Q22 and 2Q21 due to the restructuring of the Group are not included in the restructuring provision: unsettled share-based compensation of CHF 22 million, CHF 8 million and CHF 1 million, respectively, which remain classified as a component of total shareholders' equity; other personnel-related charges of CHF 28 million, CHF 21 million and CHF 2 million, respectively, which remain classified as compensation liabilities; unsettled pension obligations of CHF 4 million, CHF 0 million and CHF (4) million, respectively, which remain classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 1 million, CHF 0 million and CHF 21 million, respectively, which remain classified as premises and equipment. The settlement date for the unsettled share-based compensation remains unchanged at three years.

Restructuring liabilities (continued)

		6M22						6M21
in		Compen- sation and benefits		General and administrative expenses		Total		Compen- sation and benefits		General and administrative expenses		Total
Restructuring liabilities (CHF million)
Balance at beginning of period		19		0		19		50		2		52
Net additional charges 1		28		14		42		6		36		42
Utilization		(17)		(14)		(31)		(34)		(35)		(69)
Balance at end of period		30		0		30		22		3		25
1 The following items for which expense accretion was accelerated in 6M22 and 6M21 due to the restructuring of the Group are not included in the restructuring liabilities: unsettled share-based compensation of CHF 30 million and CHF 2 million, respectively, which remain classified as a component of total shareholders' equity; other personnel-related charges of CHF 49 million and CHF 5 million, respectively, which remain classified as compensation liabilities; unsettled pension obligations of CHF 4 million and CHF (11) million, respectively, which remain classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 1 million and CHF 32 million, respectively, which remain classified as premises and equipment. The settlement date for the unsettled share-based compensation remains unchanged at three years.

Bank

Restructuring and Related Costs [Table Text Block]

Restructuring expenses by type

in		6M22		6M21
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses		105		14
of which severance expenses		27		7
of which accelerated deferred compensation		70		7
General and administrative-related expenses		15		66
of which pension expenses		1		4
Total restructuring expenses		120		80

Restructuring Provisions [Table Text Block]

Restructuring liabilities

		6M22						6M21
in		Compen- sation and benefits		General and administrative expenses		Total		Compen- sation and benefits		General and administrative expenses		Total
Restructuring liabilities (CHF million)
Balance at beginning of period		19		0		19		47		2		49
Net additional charges 1		27		13		40		7		30		37
Utilization		(17)		(13)		(30)		(32)		(29)		(61)
Balance at end of period		29		0		29		22		3		25
1 The following items for which expense accretion was accelerated in 6M22 and 6M21 due to the restructuring of the Bank are not included in the restructuring provision: unsettled share-based compensation of CHF 30 million and CHF 2 million, respectively, which remain classified as a compenent of total shareholders's equity; other personnel-related charges of CHF 48 million and CHF 5 million, respectively, which remain classified as compensation liabilities; unsettled pension obligations of CHF 1 million and CHF 4 million, which remain classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 1 million and CHF 32 million, respectively, which remain classified as premises and equipment. The settlement date for the unsettled share-based compensation remains unchanged at three years.

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

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-Name Accounting Standards Codification
-Topic 420
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-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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X

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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