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v3.23.3

Restructuring expenses (Tables) | 6 Months Ended
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Jun. 30, 2023
Restructuring and Related Costs [Table Text Block] | Restructuring expenses by type
in |  | 6M23 |  | 6M22 |
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses |  | 160 |  | 105 |
of which severance expenses |  | 88 |  | 27 |
of which accelerated deferred compensation |  | 65 |  | 70 |
General and administrative-related expenses |  | 231 |  | 15 |
of which pension expenses |  | 15 |  | 1 |
Total restructuring expenses |  | 391 |  | 120 |
Restructuring expenses by segment
in |  | 6M23 |  | 6M22 |
Restructuring expenses by segment (CHF million)
Wealth Management |  | 46 |  | 22 |
Swiss Bank |  | 36 |  | 3 |
Asset Management |  | 5 |  | 1 |
Investment Bank |  | 150 |  | 32 |
Capital Release Unit |  | 137 |  | 67 |
Corporate Center |  | 48 |  | 1 |
Adjustments 1 |  | (31) |  | (6) |
Total restructuring expenses |  | 391 |  | 120 |
1 Adjustments represent certain consolidating entries, including those relating to entitites that are managed but are not owned or wholly owned by the Bank.
Restructuring Provisions [Table Text Block] | Restructuring liabilities
|  | 6M23 |  | 6M22 |
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 |  | 114 |  | 0 |  | 114 |  | 19 |  | 0 |  | 19 |
Net additional charges 1 |  | 88 |  | 119 |  | 207 |  | 27 |  | 13 |  | 40 |
Utilization |  | (156) |  | (114) |  | (270) |  | (17) |  | (13) |  | (30) |
Balance at end of period |  | 46 |  | 5 |  | 51 |  | 29 |  | 0 |  | 29 |
1 The following items for which expense accretion was accelerated in 6M23 and 6M22 due to the restructuring of the Bank were not included in the restructuring liabilities: unsettled share-based compensation of CHF 4 million and CHF 30 million, respectively, which remain classified as a component of total shareholders's equity; other personnel-related charges of CHF 68 million and CHF 48 million, respectively, which remain classified as compensation liabilities; unsettled pension obligations of CHF 15 million and CHF 1 million, which remain classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 97 million and CHF 1 million, respectively, which remain classified as premises and equipment. The settlement date for the unsettled share-based compensation remains unchanged at three years.

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- 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
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- 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
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