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Restructuring expenses (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Costs [Table Text Block]

Restructuring expenses by segment

in		2023		2022		2021
Restructuring expenses by segment (CHF million)
Wealth Management		46		96		16
Swiss Bank		36		22		11
Asset Management		6		16		3
Non-core and Legacy (including Investment Bank)		288		350		75
Corporate Center		48		49		(2)
Adjustments 1		(31)		(66)		10
Total restructuring expenses		393		467		113
1 Adjustments represent certain consolidating entries, including those relating to entities that are managed but are not owned or wholly owned by the Bank.

Restructuring expenses by type

in		2023		2022		2021
Restructuring expenses by type (CHF million)
Compensation and benefits-related expenses		161		350		45
of which severance expenses		88		150		26
of which accelerated deferred compensation		66		191		19
General and administrative-related expenses		232		117		68
of which pension expenses		15		8		4
Total restructuring expenses		393		467		113

Restructuring Provisions [Table Text Block]

Restructuring liabilities

		2023						2022						2021
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		114		0		114		19		0		19		47		2		49
Net additional charges 1		88		119		207		150		73		223		26		32		58
Reclassifications		–		–		–		–		–		–		(22)		(3)		(25)	2
Utilization		(187)		(119)		(306)		(55)		(73)		(128)		(32)		(31)		(63)
Balance at end of period		15		0		15		114		0		114		19		0		19
1 The following items for which expense accretion was accelerated in 2023, 2022 and 2021 due to the restructuring of the Bank were not included in the restructuring liabilities: unsettled share-based compensation of CHF 11 million, CHF 94 million and CHF 13 million, respectively, which remained classified as a component of total shareholders' equity; other personnel-related charges of CHF 63 million, CHF 106 million and CHF 7 million, respectively, which remained classified as compensation liabilities; unsettled pension obligations of CHF 15 million, CHF 8 million and CHF 4 million, respectively, which remained classified as pension liabilities; and accelerated accumulated depreciation and impairment of CHF 97 million, CHF 36 million and CHF 31 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
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
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-Publisher FASB
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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
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482017/420-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2

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