Leases (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Lease, Cost [Table Text Block] |
Lease costs
|
end of
|
|
2021
|
|
2020
|
|
2019
|
|
|
Lease costs (CHF million)
|
|
Operating lease costs
|
|
357
|
|
369
|
|
388
|
|
|
Variable lease costs
|
|
52
|
|
50
|
|
40
|
|
|
Sublease income
|
|
(57)
|
|
(71)
|
|
(78)
|
|
|
Net lease costs
|
|
352
|
|
348
|
|
350
|
|
|
| Lease, Other information pertaining to leases [Table Text Block] |
Other information
|
end of
|
|
2021
|
|
2020
|
|
2019
|
|
|
Other information (CHF million)
|
|
Gains/(losses) on sale and leaseback transactions
|
|
225
|
|
15
|
|
274
|
|
|
Cash paid for amounts included in the measurement of operating lease liabilities recorded in operating cash flows
|
|
(399)
|
|
(403)
|
|
(464)
|
|
|
Right-of-use assets obtained in exchange of new operating lease liabilities 1
|
|
107
|
|
32
|
|
102
|
|
|
Changes to right-of-use assets due to lease modifications for operating leases
|
|
29
|
|
32
|
|
221
|
|
1
Represents non-cash transactions and includes right-of-use assets relating to changes in classification of scope of variable interest entities.
|
|
| Lease, Weighted average remaining lease term and discount rate [Table Text Block] |
Weighted average remaining lease term and discount rate
|
end of
|
|
2021
|
|
2020
|
|
|
Operating leases
|
|
Remaining lease term (years)
|
|
11.1
|
|
11.9
|
|
|
Discount rate (%)
|
|
2.6
|
|
2.6
|
|
|
| Lessee, Operating Lease, Liability, Maturity [Table Text Block] |
Maturities relating to operating lease arrangements
|
end of
|
|
2021
|
|
2020
|
|
|
Maturity (CHF million)
|
|
Due within 1 year
|
|
374
|
|
385
|
|
|
Due between 1 and 2 years
|
|
339
|
|
364
|
|
|
Due between 2 and 3 years
|
|
293
|
|
323
|
|
|
Due between 3 and 4 years
|
|
293
|
|
278
|
|
|
Due between 4 and 5 years
|
|
255
|
|
249
|
|
|
Thereafter
|
|
1,450
|
|
1,642
|
|
|
Operating lease obligations
|
|
3,004
|
|
3,241
|
|
|
Future interest payable
|
|
(413)
|
|
(482)
|
|
|
Operating lease liabilities
|
|
2,591
|
|
2,759
|
|
|
| Lessor, Lease income [Table Text Block] |
Lease income
|
end of
|
|
2021
|
|
2020
|
|
2019
|
|
|
Lease income (CHF million)
|
|
Interest income on sales-type leases
|
|
25
|
|
19
|
|
13
|
|
|
Interest income on direct financing leases
|
|
68
|
|
74
|
|
97
|
|
|
Lease income from operating leases
|
|
76
|
|
93
|
|
103
|
|
|
Variable lease income
|
|
1
|
|
0
|
|
3
|
|
|
Total lease income
|
|
170
|
|
186
|
|
216
|
|
|
| Lessor, Net investment in leases [Table Text Block] |
Net investments
|
|
|
2021
|
|
2020
|
|
end of
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
|
Net investments (CHF million)
|
|
Lease receivables
|
|
1,107
|
|
2,395
|
|
862
|
|
2,299
|
|
|
Unguaranteed residual values
|
|
119
|
|
80
|
|
43
|
|
188
|
|
|
Valuation allowances
|
|
(7)
|
|
(18)
|
|
(6)
|
|
(23)
|
|
|
Total net investments
|
|
1,219
|
|
2,457
|
|
899
|
|
2,464
|
|
|
| Maturities relating to lessor arrangements [Table Text Block] |
Maturities relating to lessor arrangements
|
|
|
2021
|
|
2020
|
|
end of
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
Operating
leases
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
Operating
leases
|
|
|
Maturity (CHF million)
|
|
Due within 1 year
|
|
467
|
|
727
|
|
46
|
|
359
|
|
755
|
|
48
|
|
|
Due between 1 and 2 years
|
|
263
|
|
641
|
|
43
|
|
213
|
|
620
|
|
41
|
|
|
Due between 2 and 3 years
|
|
179
|
|
583
|
|
42
|
|
142
|
|
514
|
|
37
|
|
|
Due between 3 and 4 years
|
|
113
|
|
458
|
|
40
|
|
84
|
|
402
|
|
36
|
|
|
Due between 4 and 5 years
|
|
62
|
|
125
|
|
37
|
|
43
|
|
125
|
|
34
|
|
|
Thereafter
|
|
83
|
|
31
|
|
34
|
|
66
|
|
48
|
|
63
|
|
|
Total
|
|
1,167
|
|
2,565
|
|
242
|
|
907
|
|
2,464
|
|
259
|
|
|
Future interest receivable
|
|
(60)
|
|
(170)
|
|
–
|
|
(45)
|
|
(165)
|
|
–
|
|
|
Lease receivables
|
|
1,107
|
|
2,395
|
|
–
|
|
862
|
|
2,299
|
|
–
|
|
|
| Bank |
|
| Lease, Cost [Table Text Block] |
Lease costs
|
end of
|
|
2021
|
|
2020
|
|
2019
|
|
|
Lease costs (CHF million)
|
|
Operating lease costs
|
|
293
|
|
305
|
|
324
|
|
|
Variable lease costs
|
|
50
|
|
45
|
|
37
|
|
|
Sublease income
|
|
(75)
|
|
(87)
|
|
(95)
|
|
|
Total lease costs
|
|
268
|
|
263
|
|
266
|
|
|
| Lease, Other information pertaining to leases [Table Text Block] |
Other information
|
end of
|
|
2021
|
|
2020
|
|
2019
|
|
|
Other information (CHF million)
|
|
Gains/(losses) on sale and leaseback transactions
|
|
225
|
|
15
|
|
274
|
|
|
Cash paid for amounts included in the measurement of operating lease liabilities recorded in operating cash flows
|
|
(334)
|
|
(340)
|
|
(400)
|
|
|
Right-of-use assets obtained in exchange of new operating lease liabilities 1
|
|
107
|
|
32
|
|
100
|
|
|
Changes to right-of-use assets due to lease modifications for operating leases
|
|
29
|
|
26
|
|
214
|
|
1
Represents non-cash transactions and includes right-of-use assets relating to changes in classification of scope of variable interest entities.
|
|
| Lease, Weighted average remaining lease term and discount rate [Table Text Block] |
Weighted average remaining lease term and discount rate
|
end of
|
|
2021
|
|
2020
|
|
|
Operating leases
|
|
Remaining lease term (years)
|
|
9.6
|
|
10.4
|
|
|
Discount rate (%)
|
|
2.8
|
|
2.9
|
|
|
| Lessee, Operating Lease, Liability, Maturity [Table Text Block] |
Maturities relating to operating lease arrangements
|
end of
|
|
2021
|
|
2020
|
|
|
Maturity (CHF million)
|
|
Due within 1 year
|
|
309
|
|
320
|
|
|
Due between 1 and 2 years
|
|
278
|
|
299
|
|
|
Due between 2 and 3 years
|
|
234
|
|
262
|
|
|
Due between 3 and 4 years
|
|
234
|
|
219
|
|
|
Due between 4 and 5 years
|
|
197
|
|
190
|
|
|
Thereafter
|
|
919
|
|
1,054
|
|
|
Operating lease obligations
|
|
2,171
|
|
2,344
|
|
|
Future interest payable
|
|
(310)
|
|
(363)
|
|
|
Operating lease liabilities
|
|
1,861
|
|
1,981
|
|
|
| Lessor, Lease income [Table Text Block] |
Lease income
|
end of
|
|
2021
|
|
2020
|
|
2019
|
|
|
Lease income (CHF million)
|
|
Interest income on sales-type leases
|
|
25
|
|
19
|
|
13
|
|
|
Interest income on direct financing leases
|
|
68
|
|
74
|
|
97
|
|
|
Lease income from operating leases
|
|
93
|
|
107
|
|
119
|
|
|
Variable lease income
|
|
1
|
|
0
|
|
3
|
|
|
Total lease income
|
|
187
|
|
200
|
|
232
|
|
|
| Lessor, Net investment in leases [Table Text Block] |
Net investments
|
|
|
2021
|
|
2020
|
|
end of
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
|
Net investments (CHF million)
|
|
Lease receivables
|
|
1,107
|
|
2,395
|
|
862
|
|
2,299
|
|
|
Unguaranteed residual assets
|
|
119
|
|
80
|
|
43
|
|
188
|
|
|
Valuation allowances
|
|
(7)
|
|
(18)
|
|
(6)
|
|
(23)
|
|
|
Total net investments
|
|
1,219
|
|
2,457
|
|
899
|
|
2,464
|
|
|
| Maturities relating to lessor arrangements [Table Text Block] |
Maturities relating to lessor arrangements
|
|
|
2021
|
|
2020
|
|
end of
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
Operating
leases
|
|
Sales-
type
leases
|
|
Direct
financing
leases
|
|
Operating
leases
|
|
|
Maturity (CHF million)
|
|
Due within 1 year
|
|
467
|
|
727
|
|
61
|
|
359
|
|
755
|
|
63
|
|
|
Due between 1 and 2 years
|
|
263
|
|
641
|
|
59
|
|
213
|
|
620
|
|
57
|
|
|
Due between 2 and 3 years
|
|
179
|
|
583
|
|
59
|
|
142
|
|
514
|
|
53
|
|
|
Due between 3 and 4 years
|
|
113
|
|
458
|
|
56
|
|
84
|
|
402
|
|
52
|
|
|
Due between 4 and 5 years
|
|
62
|
|
125
|
|
54
|
|
43
|
|
125
|
|
50
|
|
|
Thereafter
|
|
83
|
|
31
|
|
177
|
|
66
|
|
48
|
|
217
|
|
|
Total
|
|
1,167
|
|
2,565
|
|
466
|
|
907
|
|
2,464
|
|
492
|
|
|
Future interest receivable
|
|
(60)
|
|
(170)
|
|
–
|
|
(45)
|
|
(165)
|
|
–
|
|
|
Lease receivables
|
|
1,107
|
|
2,395
|
|
–
|
|
862
|
|
2,299
|
|
–
|
|
|