XML 154 R62.htm IDEA: XBRL DOCUMENT v3.22.4

Restructuring expenses (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Costs [Table Text Block]

Restructuring expenses by segment

in		2022		2021		2020
Restructuring expenses by segment (CHF million)
Wealth Management		109		19		41
Investment Bank		327		71		48
Swiss Bank		21		11		42
Asset Management		16		3		18
Corporate Center		60		(1)		8
Total restructuring expenses		533		103		157

Restructuring expenses by type

in		2022		2021		2020
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses		362		45		107
of which severance expenses		159		25		69
of which accelerated deferred compensation		194		20		38
General and administrative-related expenses		171		58		50
of which pension expenses		37		(11)		38
Total restructuring expenses		533	1	103		157
1 CHF 357 million related to the strategic actions announced on October 27, 2022.

Restructuring Provisions [Table Text Block]

Restructuring liabilities

		2022						2021						2020
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		19		0		19		50		2		52		–		–		–
Net additional charges 1		159		96		255		25		37		62		69		6		75
Reclassifications		–		–		–		(22)		(3)		(25)	2	–		–		–
Utilization		(56)		(96)		(152)		(34)		(36)		(70)		(19)		(4)		(23)
Balance at end of period		122		0		122		19		0		19		50		2		52
1 The following items for which expense accretion was accelerated in 2022, 2021 and 2020 due to the restructuring of the Group were not included in the restructuring liabilities: unsettled share-based compensation of CHF 95 million, CHF 13 million and CHF 27 million, respectively, which remained classified as a component of total shareholders' equity; other personnel-related charges of CHF 108 million, CHF 7 million and CHF 11 million, respectively, which remained classified as compensation liabilities; unsettled pension obligations of CHF 37 million, CHF (11) million and CHF 38 million, respectively, which remained classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 38 million, CHF 32 million and CHF 6 million, respectively, which remained classified as premises and equipment. The settlement date for the unsettled share-based compensation remained unchanged at three years.
2 Reclassified within other liabilities.

Bank

Restructuring and Related Costs [Table Text Block]

Restructuring expenses by segment

in		2022		2021		2020
Restructuring expenses by segment (CHF million)
Wealth Management		109		19		41
Investment Bank		327		71		48
Swiss Bank		21		11		42
Asset Management		16		3		18
Corporate Center		60		(1)		8
Adjustments 1		(66)		10		(35)
Total restructuring expenses		467		113		122
1 Adjustments represent certain consolidating entries and balances, including those relating to items that are managed but are not legally owned by the Bank and vice versa.

Restructuring expenses by type

in		2022		2021		2020
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses		350		45		102
of which severance expenses		150		26		66
of which accelerated deferred compensation		191		19		36
General and administrative-related expenses		117		68		20
of which pension expenses		8		4		8
Total restructuring expenses		467		113		122

Restructuring Provisions [Table Text Block]

Restructuring liabilities

		2022						2021						2020
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		19		0		19		47		2		49		–		–		–
Net additional charges 1		150		73		223		26		32		58		66		6		72
Reclassifications		–		–		–		(22)		(3)		(25)	2	–		–		–
Utilization		(55)		(73)		(128)		(32)		(31)		(63)		(19)		(4)		(23)
Balance at end of period		114		0		114		19		0		19		47		2		49
1 The following items for which expense accretion was accelerated in 2022, 2021 and 2020 due to the restructuring of the Bank were not included in the restructuring liabilities: unsettled share-based compensation of CHF 94 million, CHF 13 million and CHF 25 million, respectively, which remained classified as a component of total shareholders' equity; other personnel-related charges of CHF 106 million, CHF 7 million and CHF 11 million, respectively, which remained classified as compensation liabilities; unsettled pension obligations of CHF 8 million, CHF 4 million and CHF 8 million, respectively, which remained classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 36 million, CHF 31 million and CHF 6 million, respectively, which remained classified as premises and equipment. The settlement date for the unsettled share-based compensation remained unchanged at three years.
2 Reclassified within other liabilities.

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

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

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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 https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	dei_LegalEntityAxis=cs_ConsolidatedBankMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: